EX-99.1 7 ex9912015q310-q.htm EXHIBIT 99.1 Exhibit


Exhibit 99.1

Below are traditional and non-traditional segment results for Canada, EMEA and Asia Pacific operations for 2014 and 2013 (in thousands):
Canada Traditional Segment
 
 
 
 
 
 
 
 
 
(unaudited)
FISCAL 2014
 
FISCAL 2013
 
 
 
Q1
Q2
Q3
Q4
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
 
 
 
 
 
Net premiums
$
225,304

$
248,031

$
239,645

$
240,409

 
$
238,017

$
233,476

$
230,062

$
237,458

 
Investment income, net of related expenses
46,879

49,425

49,647

47,659

 
49,854

50,918

49,444

51,770

 
Investment related gains (losses), net
(1,700
)
4,165

(375
)
2,355

 
3,039

3,722

6,494

3,747

 
Other revenue
961

(220
)
761

569

 
208

302

(196
)
531

 
 
Total revenues
271,444

301,401

289,678

290,992

 
291,118

288,418

285,804

293,506

 
 
 
 
 
 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
 
 
 
 
 
Claims and other policy benefits
189,571

199,084

195,162

200,620

 
185,155

190,025

179,674

182,128

 
Interest credited

9

10

14

 
12

6

19

9

 
Policy acquisition costs and other insurance expenses
52,953

60,687

60,260

60,699

 
60,637

51,942

55,362

52,897

 
Other operating expenses
9,487

9,612

10,086

9,826

 
9,940

10,620

9,758

8,991

 
 
Total benefits and expenses
252,011

269,392

265,518

271,159

 
255,744

252,593

244,813

244,025

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
19,433

$
32,009

$
24,160

$
19,833

 
$
35,374

$
35,825

$
40,991

$
49,481

Canada Non-Traditional Segment
 
 
 
 
 
 
 
 
(unaudited)
FISCAL 2014
 
FISCAL 2013
 
 
 
Q1
Q2
Q3
Q4
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
 
 
 
 
 
Net premiums
$
5,540

$
5,546

$
5,491

$
4,615

 
$
5,254

$
6,157

$
6,005

$
5,882

 
Investment income, net of related expenses
724

655

600

616

 
701

724

717

723

 
Investment related gains (losses), net
41

28

3

8

 
16

26

(22
)
(12
)
 
Other revenue

1,483

1,568

1,432

 




 
 
Total revenues
6,305

7,712

7,662

6,671

 
5,971

6,907

6,700

6,593

 
 
 
 
 
 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
 
 
 
 
 
Claims and other policy benefits
5,185

4,209

6,271

4,451

 
4,543

6,559

5,337

5,098

 
Policy acquisition costs and other insurance expenses
151

150

149

131

 
195

192

191

222

 
Other operating expenses
338

342

358

350

 
299

322

294

272

 
 
Total benefits and expenses
5,674

4,701

6,778

4,932

 
5,037

7,073

5,822

5,592

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
631

$
3,011

$
884

$
1,739

 
$
934

$
(166
)
$
878

$
1,001






Europe, Middle East and Africa Traditional Segment
(unaudited)
FISCAL 2014
 
FISCAL 2013
 
 
 
Q1
Q2
Q3
Q4
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
 
 
 
 
 
Net premiums
$
291,798

$
286,403

$
291,015

$
288,191

 
$
261,208

$
260,225

$
269,373

$
278,569

 
Investment income, net of related expenses
11,824

12,113

13,050

15,099

 
10,783

12,921

12,377

13,131

 
Investment related gains (losses), net
3,724

8,920

3,540

7,008

 
1,743

428

1,274

5,404

 
Other revenue
404

(336
)
2,878

(582
)
 
460

2,515

(691
)
(63
)
 
 
Total revenues
307,750

307,100

310,483

309,716

 
274,194

276,089

282,333

297,041

 
 
 
 
 
 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
 
 
 
 
 
Claims and other policy benefits
269,251

236,540

244,010

247,959

 
237,920

238,694

228,090

245,606

 
Interest credited
2,786

5,750

2,959

4,076

 



6,114

 
Policy acquisition costs and other insurance expenses
13,735

11,994

17,205

14,038

 
11,708

9,493

13,435

18,407

 
Other operating expenses
22,970

26,029

25,028

30,414

 
20,442

22,114

21,888

24,337

 
 
Total benefits and expenses
308,742

280,313

289,202

296,487

 
270,070

270,301

263,413

294,464

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
(992
)
$
26,787

$
21,281

$
13,229

 
$
4,124

$
5,788

$
18,920

$
2,577

Europe, Middle East and Africa Non-Traditional Segment
(unaudited)
FISCAL 2014
 
FISCAL 2013
 
 
 
Q1
Q2
Q3
Q4
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
 
 
 
 
 
Net premiums
$
48,945

$
54,481

$
55,442

$
57,694

 
$
31,601

$
31,955

$
33,886

$
53,926

 
Investment income, net of related expenses
1,545

8,558

16,141

28,799

 
646

702

483

991

 
Investment related gains (losses), net
98

12,904

206

2,314

 
29

12

49

37

 
Other revenue
7,519

8,275

10,640

9,237

 
1,117

1,411

13,100

5,410

 
 
Total revenues
58,107

84,218

82,429

98,044

 
33,393

34,080

47,518

60,364

 
 
 
 
 
 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
 
 
 
 
 
Claims and other policy benefits
38,090

46,006

53,982

66,032

 
22,338

23,749

22,875

47,575

 
Policy acquisition costs and other insurance expenses
(470
)
(502
)
(738
)
(646
)
 
(101
)
(97
)
(87
)
(524
)
 
Other operating expenses
4,290

4,179

5,290

5,948

 
4,317

4,267

3,986

3,913

 
 
Total benefits and expenses
41,910

49,683

58,534

71,334

 
26,554

27,919

26,774

50,964

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
16,197

$
34,535

$
23,895

$
26,710

 
$
6,839

$
6,161

$
20,744

$
9,400







Asia Pacific Traditional Segment
(unaudited)
FISCAL 2014
 
FISCAL 2013
 
 
 
Q1
Q2
Q3
Q4
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
 
 
 
 
 
Net premiums
$
366,099

$
390,494

$
393,665

$
390,652

 
$
362,606

$
348,539

$
351,120

$
372,567

 
Investment income, net of related expenses
20,303

21,502

21,899

20,785

 
18,058

17,798

18,889

22,662

 
Investment related gains (losses), net
121

1,949

(323
)
1,192

 
560

470

1,666

304

 
Other revenue
366

51,593

2,776

3,363

 
(1,048
)
4,702

1,955

3,695

 
 
Total revenues
386,889

465,538

418,017

415,992

 
380,176

371,509

373,630

399,228

 
 
 
 
 
 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
 
 
 
 
 
Claims and other policy benefits
286,676

299,747

309,648

312,540

 
279,758

569,425

285,104

295,853

 
Policy acquisition costs and other insurance expenses
53,579

107,293

51,249

46,691

 
60,514

60,024

46,696

52,750

 
Other operating expenses
27,767

30,285

32,818

37,541

 
27,855

29,066

27,093

29,421

 
 
Total benefits and expenses
368,022

437,325

393,715

396,772

 
368,127

658,515

358,893

378,024

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
18,867

$
28,213

$
24,302

$
19,220

 
$
12,049

$
(287,006
)
$
14,737

$
21,204

Asia Pacific Non-Traditional Segment
(unaudited)
FISCAL 2014
 
FISCAL 2013
 
 
 
Q1
Q2
Q3
Q4
 
Q1
Q2
Q3
Q4
Revenues:
 
 
 
 
 
 
 
 
 
 
Net premiums
$
15,651

$
3,193

$
5,757

$
9,429

 
$
21,718

$
6,672

$
6,747

$
15,236

 
Investment income, net of related expenses
4,339

4,823

4,546

4,264

 
4,572

4,153

4,000

4,198

 
Investment related gains (losses), net
2,393

4,336

(6,062
)
(5,138
)
 
(4,999
)
(4,607
)
3,431

(2,299
)
 
Other revenue
5,757

5,281

6,174

5,539

 
8,384

6,251

5,849

6,777

 
 
Total revenues
28,140

17,633

10,415

14,094

 
29,675

12,469

20,027

23,912

 
 
 
 
 
 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
 
 
 
 
 
Claims and other policy benefits
16,920

6,573

9,859

8,103

 
18,643

9,383

12,104

17,279

 
Interest credited
246

234

221

195

 
311

274

270

263

 
Policy acquisition costs and other insurance expenses
710

616

603

367

 
1,572

147

588

517

 
Other operating expenses
2,820

3,495

3,621

4,006

 
2,956

3,004

3,023

3,398

 
 
Total benefits and expenses
20,696

10,918

14,304

12,671

 
23,482

12,808

15,985

21,457

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
7,444

$
6,715

$
(3,889
)
$
1,423

 
$
6,193

$
(339
)
$
4,042

$
2,455