Financial Highlights

Financial Highlights
2018 FQ1 YTD
3/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
Balance Sheet ($000)
Cash and Cash Equivalents 23,951 7,627 16,670 15,509 11,675
Investments 8,224,662 8,352,348 7,999,372 7,648,030 7,403,467
Total Assets 11,068,542 11,198,340 10,576,824 10,056,972 9,768,527
Total Policy Reserves 6,931,917 6,906,284 6,733,081 6,376,055 5,958,206
Total Liabilities 9,663,863 9,696,767 9,282,842 8,792,311 8,432,064
Total Mezzanine Level Items 0 0 0 0 0
Equity Attributable to Parent Company 1,404,679 1,501,573 1,293,982 1,264,661 1,336,463
Total Equity 1,404,679 1,501,573 1,293,982 1,264,661 1,336,463
Equity before Unrealized Gains 1,226,639 1,201,396 1,118,244 1,089,494 1,038,909
Total Equity/ Total Assets(%) 12.69 13.41 12.23 12.57 13.68
Reserves/ Equity(x) 4.93 4.60 5.20 5.04 4.46
Income Statement ($000)
Total Policy Income 202,998 794,703 759,146 731,880 715,760
Net Investment Income 91,864 375,088 360,133 333,646 329,789
Realized Gain on Securities (1,654) (4,864) 5,176 11,667 10,943
Asset Management and Brokerage Fees 0 0 0 0 0
Total Revenue 295,489 1,171,550 1,128,910 1,080,448 1,060,685
Total Policy Expense 193,597 780,941 733,026 679,206 644,565
Underwriting & Other Expense 74,874 289,974 269,844 256,330 255,809
Total Expense 271,643 1,082,863 1,014,678 950,996 914,572
Net Income 20,155 169,459 83,765 93,482 104,243
Net Income Attributable to Parent 20,155 169,459 83,765 93,482 104,243
Operating Income after Taxes 21,455 72,171 81,465 84,882 97,343
EBITDA NA 107,250 132,936 150,308 168,269
Per Share Information ($)
Basic Book Value per Share 34.35 36.88 32.15 31.18 32.65
Book Value per Share before Unrealized Gains 30 29.51 27.79 26.86 25.38
Diluted EPS after Extraordinary 0.48 4.08 2.02 2.20 2.47
EBITDA/ Share NA 2.58 3.21 3.54 3.99
Operating EPS 0.52 1.74 1.97 2 2.31
Price/ LTM Operating Earnings(x) 22.70 25.30 21.70 16.60 14.40
Common Dividends Declared per Share 0.29 1.10 1.06 1 0.92
Dividend Payout Ratio(%) 59.38 26.96 52.48 45.45 37.25
EPS after Extra Growth(%) 29.70 102 (8.20) (10.90) (7.10)
Profitability (%)
ROAA 0.72 1.56 0.80 0.94 1.11
Operating ROAA 0.77 0.66 0.78 0.85 1.04
ROAE 5.55 12.39 6.12 7.02 8.36
ROATCE 5.74 12.83 6.34 7.28 8.69
Operating ROAE 5.91 5.28 5.95 6.38 7.81
Investment Yield 4.35 4.50 4.56 4.57 4.82
Combined Ratio 98.90 103.30 101.50 97 96.10
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) 0.78 0.90 0.92 0.94 0.94
Growth Rates and Trends (%)
Asset Growth (4.64) 5.88 5.17 2.95 10.67
Equity Growth (25.81) 16.04 2.32 (5.37) 21.57
Net Written Premium Growth (4.29) (2.80) 0.48 7.61 6.71
Recurring Revenue Growth 2.85 3.78 4.49 1.86 2.85
Net Income Growth 31.58 102.30 (10.39) (10.32) (6)
Assets Five-year CAGR 5.53 6.51 7.29 7.68 9.05
Equity Five-year CAGR 2.17 3.80 4.16 8.34 13.17
Revenue Five-year CAGR 3.03 2.99 2.49 2.08 2.50
Net Income Five-year CAGR (5.69) 10.28 3.50 3.13 7.24
Miscellaneous ($000)
Net Premiums Written 284,008 1,227,117 1,262,499 1,256,513 1,167,655
Gross Life Insurance in Force 17,665,000 17,564,270 17,025,125 16,504,539 15,800,701
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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