Financial Highlights

Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
Balance Sheet ($000)
Cash and Cash Equivalents 215,469 112,679 229,556
Investments 1,083,311 1,023,277 901,250
Total Assets 2,467,218 2,321,428 2,059,921
Unpaid Loss Reserves & Unearned Premiums 1,434,412 1,288,516 1,038,105
Total Liabilities 1,943,353 1,781,059 1,522,796
Total Equity 523,865 540,369 537,125
Equity before Unrealized Gains 512,546 549,399 527,904
Total Equity/ Total Assets(%) 21.23 23.28 26.08
Income Statement ($000)
Net Premiums Earned 752,400 689,276 585,490
Net Investment Income less Investment Expenses 53,821 16,870 17,126
Realized Gain on Securities 1,229 1,655 67
Total Revenue 824,151 723,027 653,887
Loss and Loss Adjustment Expenses 499,493 408,589 365,535
Underwriting & Other Expense 347,483 308,811 246,091
Total Expense 856,757 727,266 652,977
Net Income (29,485) 394 10,145
EBITDA (10,828) 24,109 41,689
Per Share Information ($)
Basic Book Value per Share 11.69 12.10 12.56
Book Value per Share before Unrealized Gains 11.43 12.31 12.35
Diluted EPS after Extraordinary (0.70) 0.01 0.27
EBITDA/ Share (0.25) 0.83 1.11
Common Dividends Declared per Share 0.24 0.24 0.24
Dividend Payout Ratio(%) NM NM 88.89
Profitability (%)
ROAA (1.16) 0.02 0.63
Investment Yield 4.33 1.59 1.87
Net Premiums Written/ Avg Equity(x) 1.36 1.37 1.42
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.