PR Newswire
BIRMINGHAM, Ala., Feb. 13, 2018
BIRMINGHAM, Ala., Feb. 13, 2018 /PRNewswire/ -- Infinity Property and Casualty Corporation (NASDAQ: IPCC) today reported results for the three and twelve months ended December 31, 2017:
| | Three months ended December 31, | | Twelve months ended December 31, | |||||||||
(in millions, except per share amounts and ratios) | | 2017 | | 2016 | | Change | | 2017 | | 2016 | | Change | |
| | | | | | | | | | | | | |
Gross written premium (1)(2) | | $340.6 | | $329.1 | | 3.5% | | $1,397.3 | | $1,401.4 | | (0.3%) | |
Revenues | | $382.6 | | $415.3 | | (7.9%) | | $1,518.0 | | $1,538.7 | | (1.3%) | |
| | | | | | | | | | | | | |
Net earnings | | $14.7 | | $21.6 | | (31.9%) | | $45.4 | | $43.1 | | 5.3% | |
Net earnings per diluted share | | $1.34 | | $1.95 | | (31.3%) | | $4.10 | | $3.88 | | 5.7% | |
| | | | | | | | | | | | | |
Net earnings excluding realized gains (2) | | $14.5 | | $20.4 | | (28.6%) | | $43.9 | | $41.0 | | 7.1% | |
Net earnings excluding realized gains per diluted share (2) | | $1.32 | | $1.84 | | (28.3%) | | $3.97 | | $3.70 | | 7.3% | |
| | | | | | | | | | | | | |
Underwriting income (2) | | $34.2 | | $25.7 | | 33.1% | | $66.1 | | $46.1 | | 43.4% | |
Combined ratio | | 90.1% | | 93.1% | | (3.0) pts | | 95.2% | | 96.7% | | (1.5) pts | |
| | | | | | | | | | | | | |
Return on equity (3) | | 8.2% | | 12.3% | | (4.1) pts | | 6.4% | | 6.2% | | 0.2 pt | |
Return on equity excluding realized gains (2)(3) | | 8.1% | | 11.6% | | (3.5) pts | | 6.2% | | 5.9% | | 0.3 pt | |
| | | | | | | | | | | | | |
Book value per share | | | | | | | | $65.87 | | $63.31 | | 4.0% | |
Debt to total capital | | | | | | | | 27.6% | | 28.2% | | (0.6) pt | |
Debt to tangible capital (2) | | | | | | | | 29.9% | | 30.6% | | (0.7) pt |
| | |
| (1) | Infinity's policy is to close the claims and policy systems on the last Friday of the month, resulting in a 14-week quarter during the three months ended December |
| (2) | Measures used in this release that are not based on generally accepted accounting principles ("non-GAAP") are defined at the end of this release and reconciled to |
| (3) | Annualized Werbung Mehr Nachrichten zur Infinity Property and Casualty Corporation Aktie kostenlos abonnieren
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