Financial Highlights

Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Balance Sheet ($000)
Cash and Cash Equivalents 11,809 5,676 6,644 7,368 6,763
Investments 118,969 112,690 114,731 112,657 112,557
Total Assets 153,934 144,231 146,438 148,579 147,841
Total Policy Reserves 78,472 77,988 76,674 76,174 77,043
Total Liabilities 100,473 98,365 98,813 100,527 102,958
Total Mezzanine Level Items 0 0 0 0 0
Equity Attributable to Parent Company 53,461 45,866 47,625 48,052 44,883
Total Equity 53,461 45,866 47,625 48,052 44,883
Equity before Unrealized Gains 50,967 47,251 44,499 46,366 43,423
Total Equity/ Total Assets(%) 34.73 31.80 32.52 32.34 30.36
Reserves/ Equity(x) 1.47 1.70 1.61 1.59 1.72
Income Statement ($000)
Total Policy Income 59,883 60,856 61,163 61,398 59,462
Net Investment Income 4,593 3,651 3,649 4,059 3,429
Realized Gain on Securities 2,338 (262) 232 831 536
Asset Management and Brokerage Fees 0 0 0 0 0
Total Revenue 67,399 64,857 65,640 66,893 64,050
Total Policy Expense 38,598 40,409 42,869 38,847 34,148
Underwriting & Other Expense 23,056 22,148 22,578 22,600 22,163
Total Expense 62,819 63,792 66,754 62,799 57,703
Net Income 4,067 779 (1,203) 3,063 4,697
Net Income Attributable to Parent 4,067 779 (1,203) 3,063 4,697
Operating Income after Taxes 1,654 1,215 (1,355) 2,414 4,370
EBITDA 6,110 2,612 707 5,749 8,038
Per Share Information ($)
Basic Book Value per Share 21.12 18.15 18.88 19.09 17.86
Book Value per Share before Unrealized Gains 20.14 18.70 17.64 18.42 17.28
Diluted EPS after Extraordinary 1.61 0.31 (0.48) 1.22 1.87
EBITDA/ Share 2.42 1.04 0.28 2.29 3.20
Operating EPS 0.65 0.48 (0.54) 0.96 1.74
Price/ LTM Operating Earnings(x) 26.10 27.10 NM 18.50 8.80
Common Dividends Declared per Share 0.21 0.20 0.20 0.18 0.16
Dividend Payout Ratio(%) 13.04 64.52 NM 14.75 8.56
EPS after Extra Growth(%) 419.40 NM NM (34.80) (38.50)
Profitability (%)
ROAA 2.69 0.53 (0.81) 2.03 3.19
Operating ROAA 1.09 0.83 (0.91) 1.60 2.97
ROAE 8.02 1.67 (2.53) 6.36 10.64
ROATCE 8.02 1.67 (2.53) 6.36 10.64
Operating ROAE 3.26 2.60 (2.85) 5.01 9.90
Investment Yield 5.50 2.82 3.21 3.99 3.36
Combined Ratio 100.10 101.31 102.25 94.59 89.95
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) 1.19 1.30 1.29 1.28 1.37
Growth Rates and Trends (%)
Asset Growth 6.73 (1.51) (1.44) 0.50 2.05
Equity Growth 16.56 (3.69) (0.89) 7.06 4.97
Net Written Premium Growth (0.50) (1.09) (0.22) 1.88 3.75
Recurring Revenue Growth 3.92 (1.19) (1.87) 4.44 4.77
Net Income Growth 422.08 NM NM (34.79) (38.33)
Assets Five-year CAGR 1.22 1.48 1.53 2.25 1.55
Equity Five-year CAGR 4.57 6.50 9.51 4.79 0.53
Revenue Five-year CAGR 0.92 1.18 1.98 1.50 (1.59)
Net Income Five-year CAGR (11.79) (32.72) NM NM 7.54
Miscellaneous ($000)
Net Premiums Written 60,411 60,717 61,388 61,525 60,389
Gross Life Insurance in Force 202,663 203,209 206,826 208,420 208,172
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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