Financial Highlights
Financial Highlights
2020 FQ1 YTD
3/31/2020
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 89,318 67,851 163,996 64,680 62,976
Investments 848,852 929,461 728,598 799,455 689,818
Total Assets 1,552,095 1,634,360 1,490,131 1,357,016 1,154,137
Total Policy Reserves 1,072,285 1,063,115 936,964 733,359 598,024
Total Liabilities 1,246,712 1,270,044 1,134,049 938,205 749,792
Total Mezzanine Level Items 0 0 0 0 0
Equity Attributable to Parent Company 305,383 364,316 356,082 418,811 404,345
Total Equity 305,383 364,316 356,082 418,811 404,345
Equity before Unrealized Gains 316,381 354,453 362,290 372,111 370,294
Total Equity/ Total Assets(%) 19.68 22.29 23.90 30.86 35.03
Reserves/ Equity(x) 3.51 2.92 2.63 1.75 1.48
Income Statement ($000)
Total Policy Income 109,659 447,288 432,880 328,145 276,011
Net Investment Income (15,693) 37,180 3,008 30,564 16,956
Realized Gain on Securities (4,827) 1,958 (6,651) 7,217 20,755
Asset Management and Brokerage Fees 0 0 0 0 0
Total Revenue 90,802 495,597 439,169 371,234 318,997
Total Policy Expense 81,831 348,468 345,864 247,518 186,481
Underwriting & Other Expense 34,110 138,456 137,177 113,594 89,462
Total Expense 115,941 486,924 483,041 361,112 275,943
Net Income (22,156) 7,347 (34,075) 18,323 28,945
Net Income Attributable to Parent (22,156) 7,347 (34,075) 18,323 28,945
Operating Income after Taxes (229) (2,835) (11,289) 5,527 13,847
EBITDA NA NA NA NA NA
Per Share Information ($)
Basic Book Value per Share 21.53 25.51 23.95 27.83 26.81
Book Value per Share before Unrealized Gains 22.31 24.82 24.37 24.73 24.55
Diluted EPS after Extraordinary (1.56) 0.50 (2.28) 1.21 1.92
EBITDA/ Share NA NA NA NA NA
Operating EPS (0.02) (0.19) (0.75) 0.37 0.92
Price/ LTM Operating Earnings(x) NM NM NM 64.70 27.40
Common Dividends Declared per Share 0.10 0.40 1.12 1.08 1.04
Dividend Payout Ratio(%) NM 80 NM 89.26 54.17
EPS after Extra Growth(%) NM NM NM (37) 23.90
Profitability (%)
ROAA (5.56) 0.47 (2.42) 1.47 2.59
Operating ROAA (0.06) (0.18) (0.80) 0.44 1.24
ROAE (26.47) 2.04 (8.79) 4.45 7.20
ROATCE (26.47) 2.04 (8.21) 4.49 7.25
Operating ROAE (0.27) (0.79) (2.91) 1.34 3.44
Investment Yield (8.48) 4.13 (0.42) 4.71 5.05
Combined Ratio 104.20 106.80 108.60 108.40 98.10
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) 1.30 1.26 1.15 0.86 0.68
Growth Rates and Trends (%)
Asset Growth (20.13) 9.68 9.81 17.58 6.30
Equity Growth (64.71) 2.31 (14.98) 3.58 2.50
Net Written Premium Growth (5.28) 1.77 25.75 30.04 6.71
Recurring Revenue Growth (26.97) 12.85 18.30 16.38 13.82
Net Income Growth NM NM NM (36.70) 24.32
Assets Five-year CAGR 6.61 7.39 6.80 6.66 4.97
Equity Five-year CAGR (5.40) (1.83) (1.38) 3.85 4.85
Revenue Five-year CAGR 4.09 11.15 8.58 7.20 5.54
Net Income Five-year CAGR NM (24.37) NM (10.50) NM
Miscellaneous ($000)
Net Premiums Written 109,234 452,242 444,398 353,389 271,752
Gross Life Insurance in Force 0 0 0 0 0
Total Membership(actual) 0 0 0 0 0
Assets Under Management 0 0 0 0 0
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