Company profile

Incorporated in
Fiscal year end
Industry (SEC)
IRS number


13 Aug 19
17 Oct 19
31 Dec 19


Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 1.42B 1.41B 1.28B 1.35B
Net income 108.11M 138.28M 36.65M 110.1M
Diluted EPS
Net profit margin 7.62% 9.78% 2.85% 8.17%
Operating income 131.49M 142.67M 112.14M 156.97M
Net change in cash -20.75M 3.73M
Cash on hand 173.71M 194.46M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 14
Revenue 5.04B 4.42B 4.48B 4.4B
Net income 302.36M 1.11B 393.03M 384.88M
Diluted EPS 4.73
Net profit margin 6.00% 25.04% 8.77% 8.74%
Operating income 478.54M 506.89M 503.37M 652.19M
Net change in cash -78.6M -95.87M -31.23M
Cash on hand 173.71M 252.31M 348.18M 379.41M

Financial data from company earnings reports

Financial report summary

  • The amount of statutory capital or risk-based capital that the Company has and the amount of statutory capital or risk-based capital that it must hold to maintain its financial strength and credit ratings and meet other requirements can vary significantly from time to time and such amounts are sensitive to a number of factors outside of the Company’s control.
  • Laws, regulations, and initiatives related to unreported deaths and unclaimed property and death benefits may result in operational burdens, fines, unexpected payments, or escheatments.
  • New and amended regulations regarding the standard of care or standard of conduct applicable to investment professionals, insurance agencies, and financial institutions that recommend or sell annuities or life insurance products may have a material adverse impact on our ability to sell annuities and other products and to retain in-force business and on our financial condition or results of operations.
Management Discussion
  • Our management and Board of Directors analyzes and assesses the operating performance of each segment using "pre-tax adjusted operating income (loss)" and "after-tax adjusted operating income (loss)". Consistent with GAAP accounting guidance for segment reporting, pre-tax adjusted operating income (loss) is our measure of segment performance. Pre-tax adjusted operating income (loss) is calculated by adjusting "income (loss) before income tax," by excluding the following items:
  • After-tax adjusted operating income (loss) is derived from pre-tax adjusted operating income (loss) with the inclusion of income tax expense or benefits associated with pre-tax adjusted operating income. Income tax expense or benefits is allocated to the items excluded from pre-tax adjusted operating income (loss) at the statutory federal income tax rate for the associated period. Income tax expense or benefits allocated to after-tax adjusted operating income (loss) can vary period to period based on changes in our effective income tax rate.
  • The items excluded from adjusted operating income (loss) are important to understanding the overall results of operations. Pre-tax adjusted operating income (loss) and after-tax adjusted operating income (loss) are not substitutes for income before income taxes or net income (loss), respectively. These measures may not be comparable to similarly titled measures reported by other companies. Our belief is that pre-tax and after-tax adjusted operating income (loss) enhances management’s and the Board of Directors’ understanding of the ongoing operations, the underlying profitability of each segment, and helps facilitate the allocation of resources.
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