Income StatementLTMDec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17

Net Premiums Earned

7,446

6,802

5,740

5,138

13,164

11,196

8,944

7,849

7,254

Investment Income

7,728

7,769

4,697

-3,897

1,624

1,439

1,364

1,306

1,200

Net Gains on Investments

-557

-211

2,037

-10,135

-1,418

3,229

3,278

-995

1,381

Total Other Revenues

1,944

1,744

1,537

1,537

2,116

1,775

1,679

1,752

1,441

Total Revenues

16,561

16,104

14,011

-7,357

15,486

17,639

15,265

9,912

11,276

Total Revenues %Chg

-22.6%

14.9%

-290.4%

-147.5%

-12.2%

15.6%

54%

-12.1%

—

Insurance Benefits & Claims

6,273

5,762

4,887

4,374

10,147

13,219

11,065

5,992

7,841

Policy Amortization Costs

—

—

—

—

2,180

1,788

1,654

1,582

1,449

Other Operating Expenses

2,524

2,307

2,003

1,896

1,964

1,797

1,600

1,456

1,239

Operating Profit

7,764

8,035

7,121

-13,627

1,195

835

946

882

747

Interest Expense

-224

-302

-217

-93

-77

-73

-59

-63

-64

Operating Margin

46.9%

49.9%

50.8%

185.2%

7.7%

4.7%

6.2%

8.9%

6.6%

Non-Operating Income

7,030

6,705

1,545

4,411

—

—

—

—

—

Total Non-Operating Income

6,806

6,403

1,328

4,318

-77

-73

-59

-63

-64

Income Before Provision for Income Taxes

1,360

1,229

1,001

349

1,118

762

887

819

683

Provision for Income Taxes

-239

-267

-212

-15

259

130

188

181

150

Consolidated Net Income

1,121

962

789

334

859

632

699

638

533

Net Income Attributable to Minority Interests and Other

—

—

—

—

7

-1

-10

4

2

Net Income Attributable to Preferred Dividends

-30

-20

-20

-25

22

22

22

21

16

Net Income Attributable to Common Shareholders

1,091

942

769

309

830

611

687

613

515

Basic EPS

11.7

9.8

7.5

2.9

7.7

5.7

6.4

5.6

4.8

Diluted EPS

11.7

9.8

7.5

2.9

7.7

5.7

6.4

5.6

4.8

Basic Weighted Average Shares Outstanding

93.3

96

102

106

107

107

107

109

106

Diluted Weighted Average Shares Outstanding

94

96

103

107

108

107

107

110

107

Total Shares Outstanding

92.3

93.5

99.6

104.8

107.6

107.1

107

108.6

106.8

EBITDA

8,112

8,355

7,412

-13,371

1,610

1,122

1,156

1,055

869

Effective Tax Rate

-17.6%

-21.7%

-21.2%

-4.3%

23.2%

17.1%

21.2%

22.1%

22%