Term Life & Distribution. A spread-and-fee balance sheet: premiums and deposits invested against long-duration policyholder liabilities, plus fee income.
Data: derived · public filings (XBRL) · market data · latest filing 2026-05-07 · price 2026-05-29 independently sourced
Deep Dive Overview Fundamentals Entities Quality Earnings Income Statement Balance Sheet Composition Cash Flow Ratios Segments & KPIsMetric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Total Revenue1,519 1,689 1,900 2,053 2,218 2,710 2,657 2,749 3,089 3,292 Interest Expense29 28 29 29 29 31 27 27 — — Profit Before Tax338 380 416 477 507 644 719 772 939 975 Income Tax118 29 92 111 121 168 164 181 219 223 Net Income (to equity holders)219 350 324 366 386 477 472 577 471 — Basic EPS$4.59 $7.63 $7.35 $8.65 $9.60 $12.03 $12.37 $15.97 $13.73 $22.95 Diluted EPS$4.59 $7.61 $7.33 $8.62 $9.57 $11.99 $12.33 $15.94 $13.71 $22.91 Diluted Weighted Avg Shares47 46 44 42 40 40 38 36 34 33 DAC Amortization181 209 240 255 224 238 262 276 298 323 Fee & Commission Income542 591 — — — — — — — — Investment Income79 79 81 94 84 81 93 136 156 167 Realized Investment Gains/Losses4 1 -2 1 1 5 1 -1 1 -2 Policyholder Benefits & Claims368 416 458 494 616 602 632 643 648 666 Net Earned Premium844 961 1,086 1,184 1,326 1,506 1,600 1,660 1,729 1,784 Premiums − Benefits476 545 628 690 711 904 968 1,017 1,081 1,118