Earnings Report for FY22*
December 31, 2021 December 31, 2022
Items to Note Items to Note Net income increased by 39.2% compared to the fourth quarter of 2021. Net operating earnings of $60.3 million increased by 48.1% compared to the fourth quarter of 2021. ● Thing 1 ● Net income increased by 4.2% compared to the full year of 2021. Net operating earnings of $180.4 million increased by 36.2% Thing 2 compared to the full year of 2021. Gross written premiums increased by 44.2% to $1.1 billion compared to the full year of 2021. The Company's investment portfolio had a gross investment return of 3.0% for the year ended December 31, 2022, compared to 2.5% for the year ended December 31, 2021. The cash and invested assets totaled $2.2 billion at December 31, 2022, compared to $1.7 billion at December 31, 2021.
ASSETS Cash and cash equivalents
1,685,717 1,564,677 2,025,655
2,186,569 2,030,295 2,747,122
Total Investments
Total assets
LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable
23,250
31,361
Deployment
Total current liabilities
2,001,673
1,326,320
Total revenues
639,779
819,200
COST AND EXPENSES Research and development
N/A 669
N/A 721
Other
Total cost and expenses Loss from operations
450,978 324,415 152,659
623,636 457,913 159,114
Net Income
NET LOSS/GAIN PER SHARE Diluted net (loss)/gain per share
$6.73
$6.97
WEIGHTED AVERAGE SHARES USED IN CALCULATING: Basic net loss/gain per share
22,693,000 23,062,000
22,815,000 23,125,000
Diluted net loss/gain per share
*Link to the company's most recent 10-Q Form. Amounts in thousands except per-share data.
Made with FlippingBook. PDF to flipbook with ease