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UTD INSURANCE   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Gross premiums written1,456.861,380.271,252.401,040.85708.16569.74436.75381.35254.91203.81
Increase in gross unearned premiums49.8846.7471.4454.8341.3365.5236.0664.6428.6622.97
Ceded Premiums Earned641.32581.13491.69400.53209.90168.26135.85119.33104.2990.76
Net premiums earned765.66752.40689.28585.49456.93335.96264.85197.38121.9790.08
Policy assumption bonus--------------------
Net realized gains66.691.231.660.070.550.83(0.02)(0.13)2.160.16
Other-than-temporary impairments------------------(0.03)
Net unrealized losses on equity securities(27.56)24.76(9.30)--------------
Net investment income24.1330.1527.2017.8110.689.216.803.873.082.82
Commission and fees--------------------
Other revenue17.7416.5815.1151.0518.9611.578.616.964.023.39
Total Revenues846.66825.12723.94654.42487.12357.57280.23208.08131.2396.42
Losses and loss adjustment expenses608.32499.49408.59365.54298.35183.11118.0898.8358.4138.86
Policy acquisition costs236.00238.27203.14175.44117.6687.4065.6650.6236.8829.05
Interest expense9.589.789.873.250.720.330.410.370.360.55
Salaries and wages--------------------
General and administrative expenses72.0665.9966.1181.7642.9629.8520.0114.5511.739.67
Operating expenses(52.88)(44.31)(40.59)(27.68)(20.52)(15.32)(11.75)(9.22)(8.63)(5.09)
Total expenses978.83857.84728.30653.66480.21316.00----116.0183.23
Other income (expenses)0.070.120.120.150.100.290.080.000.49(0.18)
Income (loss) before income taxes(132.10)(32.61)(4.24)0.917.0041.8664.4134.4915.7113.02
Federal: Current(27.31)0.06(1.51)(1.15)(1.91)10.1421.6311.415.704.86
Federal: Deferred(6.61)(4.52)(1.24)(9.91)1.922.10(1.00)1.03(0.53)(0.66)
State: Current0.601.10(0.65)0.501.002.052.951.580.970.66
State: Deferred(3.28)0.24(1.23)1.330.290.20(0.19)0.13(0.14)0.06
Provision for (benefit from) income taxes(36.61)(3.12)(4.63)(9.24)1.3114.5023.4014.156.014.93
Net income (loss)(95.50)(29.49)0.3910.155.7027.3641.01--9.718.09
Less: Net income attributable to noncontrolling interests0.960.390.10--------------
Net income (loss) attributable to common shareholders(96.45)(29.87)0.2910.155.7027.3641.0120.349.718.09
Earnings (loss) per share - Basic(2.25)(0.70)0.010.270.271.292.061.260.910.77
Earnings (loss) per share - Diluted(2.25)(0.70)0.010.270.261.282.051.260.910.77
Weighted average shares outstanding-Basic42.8642.7642.6537.1521.4221.2219.9316.1010.6110.44
Weighted average shares outstanding-Diluted42.8642.7642.8437.3821.6121.4520.0516.1810.6610.44