Financial Highlights

Financial Highlights
2020 FQ1 YTD
3/31/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Balance Sheet ($000)
Total Securities 2,685,040 4,154,192 4,349,937 5,039,622 4,566,439
Investments 3,243,256 4,765,462 4,910,613 5,678,973 5,310,901
Total Assets 3,551,011 4,938,631 5,039,700 5,765,541 5,395,776
Total Debt 3,035,099 4,279,307 4,390,452 5,033,059 4,677,078
Total Liabilities 3,166,962 4,366,679 4,458,595 5,068,119 4,740,754
Equity Attributable to Parent Company 364,594 552,497 561,650 677,967 631,098
Total Equity 364,594 552,497 561,650 677,967 631,098
Total Debt/ Total Equity(x) 8.32 7.75 7.82 7.42 7.41
Debt plus Rdm Pfd/ Equity(x) 8.38 7.78 7.85 7.45 7.45
Investments/ Assets(%) 91.33 96.49 97.44 98.50 98.43
Total Equity/ Total Assets(%) 10.27 11.19 11.14 11.76 11.70
Total Capitalization($M) 3,264.60 4,745 4,906 5,684.10 5,256
Total Debt/ Total Capitalization(%) 92.97 90.19 89.49 88.55 88.99
Income Statement ($000)
Interest Income 35,763 154,395 159,972 142,748 140,452
Interest Expense 23,387 118,756 115,307 82,519 70,420
Net Interest Income 12,376 35,639 44,665 60,229 70,032
Gain on Investments (94,258) 19,324 (40,050) (2,834) (5,035)
Revenue (182,705) (42,113) 7,015 67,677 36,712
Total Expense 3,116 13,306 13,503 13,305 14,219
Net Income (185,821) (55,419) (6,488) 54,372 22,493
Net Income Attributable to Parent (185,821) (55,419) (6,488) 54,372 22,493
EBITDA (162,314) 63,815 109,292 137,356 93,365
Per Share Information ($)
Basic Book Value per Share 2.69 4.60 4.71 5.91 5.97
Diluted EPS before Extra (1.90) (0.65) (0.16) 0.47 0.17
Diluted EPS after Extraordinary (1.90) (0.65) (0.16) 0.47 0.17
Common Dividends Declared per Share 0 0.43 0.56 0.60 0.60
Dividend Payout Ratio(%) NM NM NM 127.66 352.94
Common Shares Outstanding(actual) 98,936,157 98,849,383 98,483,048 98,137,189 95,718,402
Profitability Ratios (%)
ROAA (17.51) (1.14) (0.12) 0.99 0.38
ROACE (208.84) (14.26) (3) 7.90 2.70
ROAE (162.10) (10.05) (1.05) 8.16 3.46
ROATCE NM (14.26) (3) 7.90 2.70
Net Interest Margin 1.30 0.78 0.86 1.33 1.47
Net Interest Income/ Avg Assets 1.17 0.74 0.83 1.10 1.20
EBITDA/ Interest Expense(x) (6.94) 0.54 0.95 1.66 1.33
Growth Rates and Trends (%)
Investment Growth (127.77) (2.96) (13.53) 6.93 (18.84)
Asset Growth NM (2.01) (12.59) 6.85 (18.69)
Debt Growth NM (2.53) (12.77) 7.61 (20.30)
Equity Growth NM (1.63) (17.16) 7.43 (6.95)
Basic Book Value per Share Growth NM (2.34) (20.42) (0.88) (4.71)
Net Interest Income Growth 45.04 (20.21) (25.84) (14) (31.26)
Net Income Growth NM NM NM 141.73 52.97
EPS after Extra Growth NM NM NM 176.50 112.50
Investments Five-year CAGR (14.55) (7.98) (10.51) (9.28) (9.52)
Assets Five-year CAGR (13.15) (7.51) (10.17) (9.09) (9.34)
Debt Five-year CAGR (13.63) (7.75) (10.43) (8.98) (9.32)
Equity Five-year CAGR (13.27) (6.11) (8.55) (8.59) (8.46)
Net Income Five-year CAGR NM NM NM (11.51) (28.77)
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