Financial Highlights

Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Balance Sheet ($000)
Cash and Cash Equivalents 82,390 25,508 11,906 7,627 16,670
Investments 6,880,810 6,639,233 8,250,677 8,352,348 7,999,372
Total Assets 12,571,704 12,478,704 11,031,896 11,198,340 10,576,824
Total Policy Reserves 7,773,400 7,603,752 7,152,120 6,906,284 6,733,081
Total Liabilities 10,931,893 10,911,419 9,741,346 9,696,767 9,282,842
Total Mezzanine Level Items 0 0 0 0 0
Equity Attributable to Parent Company 1,639,811 1,567,285 1,290,550 1,501,573 1,293,982
Total Equity 1,639,811 1,567,285 1,290,550 1,501,573 1,293,982
Equity before Unrealized Gains 1,360,682 1,336,837 1,193,609 1,201,396 1,118,244
Total Equity/ Total Assets(%) 13.04 12.56 11.70 13.41 12.23
Reserves/ Equity(x) 4.74 4.85 5.54 4.60 5.20
Income Statement ($000)
Total Policy Income 461,696 897,954 817,333 794,703 759,146
Net Investment Income 154,575 360,981 380,326 375,088 360,133
Realized Gain on Securities (7,192) 157,423 (16,362) (4,864) 5,176
Asset Management and Brokerage Fees 0 0 0 0 0
Total Revenue 622,174 1,430,485 1,191,599 1,171,550 1,128,910
Total Policy Expense 383,889 797,854 843,759 780,941 733,026
Underwriting & Other Expense 174,210 380,605 315,302 289,974 269,844
Total Expense 566,268 1,194,036 1,172,062 1,082,863 1,014,678
Net Income 49,050 184,443 18,343 169,459 83,765
Net Income Attributable to Parent 49,050 184,443 18,343 169,459 83,765
Operating Income after Taxes 61,000 92,200 28,400 72,100 81,500
EBITDA 75,730 267,655 39,895 107,250 132,936
Per Share Information ($)
Basic Book Value per Share 39.69 38.01 31.50 36.88 32.15
Book Value per Share before Unrealized Gains 32.93 32.42 29.13 29.51 27.79
Diluted EPS after Extraordinary 1.17 4.40 0.44 4.08 2.02
EBITDA/ Share 1.81 6.39 0.96 2.58 3.21
Operating EPS 1.45 2.20 0.68 1.74 1.97
Price/ LTM Operating Earnings(x) 12.90 19.80 55.10 25.30 21.70
Common Dividends Declared per Share 0.60 1.15 1.14 1.10 1.06
Dividend Payout Ratio(%) 51.28 26.14 259.09 26.96 52.48
EPS after Extra Growth(%) (61.10) 900 (89.20) 102 (8.20)
Profitability (%)
ROAA 0.80 1.56 0.16 1.56 0.80
Operating ROAA 1 0.78 0.25 0.66 0.78
ROAE 6.37 12.44 1.34 12.39 6.12
ROATCE 8.33 15.69 1.39 12.83 6.34
Operating ROAE 7.92 6.22 2.08 5.27 5.95
Investment Yield 4.38 7.09 4.41 4.50 4.56
Combined Ratio 92 96.50 109.30 103.30 101.50
P&C Stat Combined Ratio after Dividends NA NA NA NA NA
Reported Medical Care Ratio NA NA NA NA NA
Net Premiums Written/ Avg Equity(x) 0.85 0.89 0.91 0.90 0.92
Growth Rates and Trends (%)
Asset Growth 1.49 13.11 (1.49) 5.88 5.17
Equity Growth 9.25 21.44 (14.05) 16.04 2.32
Net Written Premium Growth 8.37 7.25 0.65 (2.80) 0.48
Recurring Revenue Growth (19.20) 20.05 1.71 3.78 4.49
Net Income Growth (61.07) 905.52 (89.18) 102.30 (10.39)
Assets Five-year CAGR 4.74 5.02 4.56 6.51 7.29
Equity Five-year CAGR 4.64 3.24 3.26 3.80 4.16
Revenue Five-year CAGR 2.92 6.16 2.93 2.99 2.49
Net Income Five-year CAGR (0.56) 12.08 (30.21) 10.28 3.50
Miscellaneous ($000)
Net Premiums Written 657,927 1,324,542 1,235,043 1,227,117 1,262,499
Gross Life Insurance in Force 19,565,000 19,179,823 18,277,691 17,564,270 17,025,125
Total Membership(actual) 0 0 0 0 0
Assets Under Management 0 0 0 0 0
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.


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