EX-99.2 4 ex992quarterlydata.htm EXHIBIT EX 99.2 Quarterly Data
Exhibit 99.2

Total U.S. and Latin America Operations
 
 
 
 
 
 
 
 
 
 
 
(dollars in thousands)
Fiscal 2013
 
 
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
Net premiums
$
1,060,266

$
1,147,871

$
1,127,983

$
1,249,891

 
Investment income, net of related expenses
312,501

335,200

264,432

352,973

 
Investment related gains (losses), net:
 
 
 
 
 
 
Other-than-temporary impairments on fixed maturity securities
(162
)
(8,085
)

(417
)
 
 
Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income

(253
)


 
 
Other investment related gains (losses), net
96,089

55,012

(87,634
)
(5,605
)
 
 
Total Investment related gains (losses), net
95,927

46,674

(87,634
)
(6,022
)
 
Other revenue
42,330

47,577

44,998

43,792

 
 
Total revenues
1,511,024

1,577,322

1,349,779

1,640,634

 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
Claims and other policy benefits
940,469

992,851

981,685

1,076,407

 
Interest credited
124,935

117,853

59,464

166,182

 
Policy acquisition costs and other insurance expenses
238,175

267,877

172,250

200,101

 
Other operating expenses
30,338

27,532

30,291

29,114

 
 
Total benefits and expenses
1,333,917

1,406,113

1,243,690

1,471,804

 
 
Income before income taxes
$
177,107

$
171,209

$
106,089

$
168,830


(dollars in thousands)
Fiscal 2012
 
 
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
Net premiums
$
1,032,533

$
1,093,721

$
1,058,771

$
1,171,908

 
Investment income, net of related expenses
242,052

230,071

296,500

266,314

 
Investment related gains (losses), net:
 
 
 
 
 
 
Other-than-temporary impairments on fixed maturity securities
(6,030
)
(1,822
)
(557
)
(3,765
)
 
 
Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income
(5,907
)
162

(551
)
(7
)
 
 
Other investment related gains (losses), net
39,366

14,927

57,985

109,374

 
 
Total Investment related gains (losses), net
27,429

13,267

56,877

105,602

 
Other revenue
29,794

41,537

44,518

47,219

 
 
Total revenues
1,331,808

1,378,596

1,456,666

1,591,043

 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
Claims and other policy benefits
915,806

945,711

928,364

982,727

 
Interest credited
87,804

66,481

130,115

94,124

 
Policy acquisition costs and other insurance expenses
205,330

198,197

214,844

230,064

 
Other operating expenses
29,447

25,699

25,504

35,228

 
 
Total benefits and expenses
1,238,387

1,236,088

1,298,827

1,342,143

 
 
Income before income taxes
$
93,421

$
142,508

$
157,839

$
248,900



1


U.S. and Latin America Traditional Operations
 
 
 
 
 
 
 
 
 
 
 
(dollars in thousands)
Fiscal 2013
 
 
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
Net premiums
$
1,056,428

$
1,136,742

$
1,124,183

$
1,246,137

 
Investment income, net of related expenses
132,535

133,544

138,464

139,281

 
Investment related gains (losses), net:
 
 
 
 
 
 
Other-than-temporary impairments on fixed maturity securities
(162
)
(8,085
)

(157
)
 
 
Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income

(253
)


 
 
Other investment related gains (losses), net
7,471

12,049

(5,249
)
(693
)
 
 
Total Investment related gains (losses), net
7,309

3,711

(5,249
)
(850
)
 
Other revenue
652

1,334

880

840

 
 
Total revenues
1,196,924

1,275,331

1,258,278

1,385,408

 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
Claims and other policy benefits
936,881

981,768

972,786

1,071,733

 
Interest credited
16,150

13,590

13,659

9,886

 
Policy acquisition costs and other insurance expenses
140,072

166,742

162,710

156,447

 
Other operating expenses
24,278

23,018

24,085

24,550

 
 
Total benefits and expenses
1,117,381

1,185,118

1,173,240

1,262,616

 
 
Income before income taxes
$
79,543

$
90,213

$
85,038

$
122,792


(dollars in thousands)
Fiscal 2012
 
 
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
Net premiums
$
1,028,937

$
1,090,366

$
1,055,148

$
1,168,387

 
Investment income, net of related expenses
132,611

133,935

135,695

134,197

 
Investment related gains (losses), net:
 
 
 
 
 
 
Other-than-temporary impairments on fixed maturity securities
(6,030
)
(1,822
)
(557
)
(2,199
)
 
 
Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income
(5,907
)
162

(551
)
(7
)
 
 
Other investment related gains (losses), net
(1,098
)
2,427

(744
)
13,997

 
 
Total Investment related gains (losses), net
(13,035
)
767

(1,852
)
11,791

 
Other revenue
991

549

977

2,530

 
 
Total revenues
1,149,504

1,225,617

1,189,968

1,316,905

 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
Claims and other policy benefits
913,904

940,609

925,536

979,835

 
Interest credited
15,054

14,555

14,637

11,421

 
Policy acquisition costs and other insurance expenses
145,495

150,896

156,805

145,093

 
Other operating expenses
24,533

21,299

21,273

26,696

 
 
Total benefits and expenses
1,098,986

1,127,359

1,118,251

1,163,045

 
 
Income before income taxes
$
50,518

$
98,258

$
71,717

$
153,860



2


Europe, Middle East and Africa Operations
 
 
 
 
 
 
 
 
 
 
 
(dollars in thousands)
Fiscal 2013
 
 
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
Net premiums
$
292,809

$
292,180

$
303,259

$
332,495

 
Investment income, net of related expenses
11,429

13,623

12,860

14,122

 
Investment related gains (losses), net:
 
 
 
 
 
 
Other-than-temporary impairments on fixed maturity securities




 
 
Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income




 
 
Other investment related gains (losses), net
1,772

440

1,323

5,441

 
 
Total Investment related gains (losses), net
1,772

440

1,323

5,441

 
Other revenue
1,577

3,926

12,409

5,347

 
 
Total revenues
307,587

310,169

329,851

357,405

 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
Claims and other policy benefits
260,258

262,443

250,965

293,181

 
Interest credited



6,114

 
Policy acquisition costs and other insurance expenses
11,607

9,396

13,348

17,883

 
Other operating expenses
24,759

26,381

25,874

28,250

 
 
Total benefits and expenses
296,624

298,220

290,187

345,428

 
 
Income before income taxes
$
10,963

$
11,949

$
39,664

$
11,977


(dollars in thousands)
Fiscal 2012
 
 
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
Net premiums
$
271,340

$
288,027

$
278,287

$
377,512

 
Investment income, net of related expenses
10,624

10,438

10,646

10,837

 
Investment related gains (losses), net:
 
 
 
 
 
 
Other-than-temporary impairments on fixed maturity securities




 
 
Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income




 
 
Other investment related gains (losses), net
1,824

1,143

6,957

1,189

 
 
Total Investment related gains (losses), net
1,824

1,143

6,957

1,189

 
Other revenue
2,265

1,316

1,360

1,309

 
 
Total revenues
286,053

300,924

297,250

390,847

 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
Claims and other policy benefits
240,342

245,042

230,717

338,963

 
Interest credited




 
Policy acquisition costs and other insurance expenses
15,047

13,462

15,119

8,332

 
Other operating expenses
23,872

25,357

23,455

34,271

 
 
Total benefits and expenses
279,261

283,861

269,291

381,566

 
 
Income before income taxes
$
6,792

$
17,063

$
27,959

$
9,281



3


Asia Pacific Operations
 
 
 
 
 
 
 
 
 
 
 
(dollars in thousands)
Fiscal 2013
 
 
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
Net premiums
$
384,324

$
355,211

$
357,867

$
387,803

 
Investment income, net of related expenses
22,630

21,951

22,889

26,860

 
Investment related gains (losses), net:
 
 
 
 
 
 
Other-than-temporary impairments on fixed maturity securities


(197
)
197

 
 
Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income




 
 
Other investment related gains (losses), net
(4,439
)
(4,137
)
5,294

(2,192
)
 
 
Total Investment related gains (losses), net
(4,439
)
(4,137
)
5,097

(1,995
)
 
Other revenue
7,336

10,953

7,804

10,472

 
 
Total revenues
409,851

383,978

393,657

423,140

 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
Claims and other policy benefits
298,401

578,808

297,208

313,132

 
Interest credited
311

274

270

263

 
Policy acquisition costs and other insurance expenses
62,086

60,171

47,284

53,267

 
Other operating expenses
30,811

32,070

30,116

32,819

 
 
Total benefits and expenses
391,609

671,323

374,878

399,481

 
 
Income before income taxes
$
18,242

$
(287,345
)
$
18,779

$
23,659


(dollars in thousands)
Fiscal 2012
 
 
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
Net premiums
$
339,351

$
346,027

$
345,848

$
378,342

 
Investment income, net of related expenses
23,091

21,238

19,944

21,296

 
Investment related gains (losses), net:
 
 
 
 
 
 
Other-than-temporary impairments on fixed maturity securities




 
 
Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income




 
 
Other investment related gains (losses), net
4,458

1,003

4,812

(963
)
 
 
Total Investment related gains (losses), net
4,458

1,003

4,812

(963
)
 
Other revenue
7,408

24,109

10,055

11,264

 
 
Total revenues
374,308

392,377

380,659

409,939

 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
Claims and other policy benefits
263,319

249,881

312,346

306,141

 
Interest credited
238

216

204

653

 
Policy acquisition costs and other insurance expenses
50,842

90,146

52,547

58,368

 
Other operating expenses
28,704

27,669

28,999

35,038

 
 
Total benefits and expenses
343,103

367,912

394,096

400,200

 
 
Income before income taxes
$
31,205

$
24,465

$
(13,437
)
$
9,739



4