Financial Highlights

Financial Highlights
2019 FQ3 YTD
9/30/2019
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 1,803 30,902 23,575 43,045 47,957
Investments 3,994 83,334 55,191 28,396 21,635
Total Assets 164,088 147,923 114,437 90,849 82,083
Total Policy Reserves 0 67,058 53,011 32,792 25,565
Total Liabilities 108,405 85,176 67,635 44,492 34,577
Total Mezzanine Level Items 0 0 0 0 0
Equity Attributable to Parent Company 55,683 62,747 46,802 46,357 47,506
Total Equity 55,683 62,747 46,802 46,357 47,506
Equity before Unrealized Gains 54,733 63,476 46,971 46,422 47,568
Total Equity/ Total Assets(%) 33.93 42.42 40.90 51.03 57.88
Reserves/ Equity(x) 0 1.07 1.13 0.71 0.54
Income Statement ($000)
Total Policy Income 0 54,357 35,202 30,448 25,934
Net Investment Income 1,257 1,617 965 544 362
Realized Gain on Securities 0 0 0 0 0
Asset Management and Brokerage Fees 0 0 0 0 0
Total Revenue 1,257 58,220 38,148 32,256 27,130
Total Policy Expense 0 27,413 15,900 16,372 9,939
Underwriting & Other Expense 2,236 30,521 20,756 15,765 14,106
Total Expense 2,236 57,934 36,656 32,137 29,466
Net Income (7,969) 804 294 11 (1,673)
Net Income Attributable to Parent (7,969) 804 294 11 (1,673)
Operating Income after Taxes NA NA NA NA NA
EBITDA NA 410 1,565 186 (2,283)
Per Share Information ($)
Basic Book Value per Share 6.34 7.53 7.82 7.78 7.74
Book Value per Share before Unrealized Gains 6.19 7.65 7.85 7.79 7.75
Diluted EPS after Extraordinary (1.50) (0.05) 0.05 0 (0.27)
EBITDA/ Share NA (0.11) 0.27 0 (0.37)
Operating EPS NA NA NA NA NA
Price/ LTM Operating Earnings(x) NA NA NA NA NA
Common Dividends Declared per Share 0 0 0 0 0
Dividend Payout Ratio(%) NM NM 0 NA NM
EPS after Extra Growth(%) NM NM NM NM NM
Profitability (%)
ROAA (6.49) 0.59 0.28 0.01 (2.12)
Operating ROAA NA NA NA NA NA
ROAE (17.49) 1.31 0.63 0.02 (3.45)
ROATCE (27.80) (0.66) 0.63 NA (3.18)
Operating ROAE NA NA NA NA NA
Investment Yield 2.74 1.56 1.28 0.77 0.53
Combined Ratio NA 106.50 104.20 105.60 113.60
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) 0 1.04 1.07 0.66 0.63
Growth Rates and Trends (%)
Asset Growth 14.57 29.26 25.96 10.68 10.57
Equity Growth (15.01) 34.07 0.96 (2.42) (4.82)
Net Written Premium Growth (100) 27.50 62.72 1.17 23.05
Recurring Revenue Growth (97.02) 52.62 18.27 18.89 43.05
Net Income Growth NM 173.47 NM NM NM
Assets Five-year CAGR 18.89 44.85 62.14 72.70 NM
Equity Five-year CAGR 2.51 51.39 44.47 58 85.60
Revenue Five-year CAGR (37.82) 62.76 92.09 NM NM
Net Income Five-year CAGR NM NM NM NM NM
Miscellaneous ($000)
Net Premiums Written 0 63,870 50,096 30,786 30,429
Gross Life Insurance in Force 0 0 0 0 0
Total Membership(actual) 0 0 0 0 0
Assets Under Management 0 0 0 0 0
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