Financial Highlights

Financial Highlights
2018 FQ2 YTD
6/30/2018
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 4,543 6,644 7,368 6,763 6,426
Investments 114,946 114,731 112,657 112,557 109,549
Total Assets 146,299 146,438 148,579 147,841 144,865
Total Policy Reserves 78,698 76,674 76,174 77,043 74,115
Total Liabilities 99,902 98,813 100,527 102,958 102,108
Total Mezzanine Level Items 0 0 0 0 0
Equity Attributable to Parent Company 46,397 47,625 48,052 44,883 42,757
Total Equity 46,397 47,625 48,052 44,883 42,757
Equity before Unrealized Gains 47,565 44,499 46,366 43,423 39,169
Total Equity/ Total Assets(%) 31.71 32.52 32.34 30.36 29.52
Reserves/ Equity(x) 1.70 1.61 1.59 1.72 1.73
Income Statement ($000)
Total Policy Income 30,319 61,163 61,398 59,462 56,653
Net Investment Income 1,322 3,649 4,059 3,429 3,445
Realized Gain on Securities 129 232 831 536 478
Asset Management and Brokerage Fees 0 0 0 0 0
Total Revenue 32,079 65,640 66,893 64,050 64,392
Total Policy Expense 19,199 42,869 38,847 34,148 30,882
Underwriting & Other Expense 11,051 22,578 22,600 22,163 22,614
Total Expense 30,861 66,754 62,799 57,703 55,017
Net Income 928 (1,203) 3,063 4,697 7,616
Net Income Attributable to Parent 928 (1,203) 3,063 4,697 7,616
Operating Income after Taxes 1,187 (1,355) 2,414 4,370 7,551
EBITDA 1,998 707 5,749 8,038 11,376
Per Share Information ($)
Basic Book Value per Share 18.36 18.88 19.09 17.86 17.05
Book Value per Share before Unrealized Gains 18.82 17.64 18.42 17.28 15.62
Diluted EPS after Extraordinary 0.37 (0.48) 1.22 1.87 3.04
EBITDA/ Share 0.80 0.28 2.29 3.20 4.54
Operating EPS 0.47 (0.54) 0.96 1.74 3.02
Price/ LTM Operating Earnings(x) 31.70 NM 18.50 8.80 4.50
Common Dividends Declared per Share 0.10 0.20 0.18 0.16 0.12
Dividend Payout Ratio(%) 27.03 NM 14.75 8.56 3.95
EPS after Extra Growth(%) NM NM (34.80) (38.50) 33.30
Profitability (%)
ROAA 1.27 (0.81) 2.03 3.19 5.38
Operating ROAA 1.62 (0.91) 1.60 2.97 5.34
ROAE 3.96 (2.53) 6.36 10.64 20.09
ROATCE 3.96 (2.53) 6.36 10.64 20.09
Operating ROAE 5.07 (2.85) 5.01 9.90 19.92
Investment Yield 2.41 3.21 3.99 3.36 3.50
Combined Ratio 92.80 102.25 94.59 89.95 87.39
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) 1.38 1.29 1.28 1.37 1.54
Growth Rates and Trends (%)
Asset Growth (0.19) (1.44) 0.50 2.05 8.12
Equity Growth (5.16) (0.89) 7.06 4.97 27.74
Net Written Premium Growth (1.81) (0.22) 1.88 3.75 8.17
Recurring Revenue Growth (2.08) (1.87) 4.44 4.77 (0.04)
Net Income Growth NM NM (34.79) (38.33) 34.61
Assets Five-year CAGR 1.63 1.53 2.25 1.55 1.97
Equity Five-year CAGR 9.64 9.51 4.79 0.53 0.76
Revenue Five-year CAGR 1.98 1.98 1.50 (1.59) (0.49)
Net Income Five-year CAGR 10.78 NM NM 7.54 12.51
Miscellaneous ($000)
Net Premiums Written 32,261 61,388 61,525 60,389 58,204
Gross Life Insurance in Force NA 206,826 208,420 208,172 212,068
Total Membership(actual) 0 0 0 0 0
Assets Under Management 0 0 0 0 0
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