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Vericity, Inc. (VERY)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Insurance | | | | 110.5 | 103.0 |
| Agency | | | | 45.6 | 49.9 |
| Corporate | | | | 1.2 | 0.3 |
| Total revenues | 158.9 | 170.0 | 144.0 | 135.3 | 124.0 |
| Revenue growth | -6.6% | 18.1% | 6.4% | 9.1% | |
| Loss and loss adjustment expenses | 67.5 | 77.7 | 77.7 | 61.9 | 56.6 |
| Policy acquisition costs | 18.4 | 18.2 | 14.0 | 13.4 | 11.5 |
| Investment expenses | 1.4 | 1.6 | 1.5 | 1.5 | 1.5 |
| Other operating expenses | 94.0 | 89.6 | 78.1 | 78.8 | 70.6 |
| EBITDA | -23.5 | -20.3 | -28.4 | 59.7 | 57.1 |
| EBITDA margin | -14.8% | -11.9% | -19.7% | 44.1% | 46.0% |
| Depreciation | 4.1 | 3.3 | 2.8 | 1.4 | 1.4 |
| EBIT | -27.6 | -23.6 | -31.2 | 58.3 | 55.6 |
| EBIT margin | -17.4% | -13.9% | -21.6% | 43.1% | 44.9% |
| Pre-tax income | -22.6 | -17.0 | -27.3 | -20.2 | -16.2 |
| Income taxes | -2.1 | -0.4 | -2.3 | -0.9 | -2.4 |
| Tax rate | 9.3% | 2.2% | 8.3% | 4.3% | 14.5% |
| Net income | -20.5 | -16.7 | -25.0 | -19.3 | -13.8 |
| Net margin | -12.9% | -9.8% | -17.4% | -14.3% | -11.2% |
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| Basic EPS | ($1.38) | ($1.12) | ($1.68) | ($1.30) | ($0.93) |
| Diluted EPS | ($1.38) | ($1.12) | ($1.68) | ($1.30) | ($0.93) |
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| Shares outstanding (basic) | 14.9 | 14.9 | 14.9 | 14.9 | 14.9 |
| Shares outstanding (diluted) | 14.9 | 14.9 | 14.9 | 14.9 | 14.9 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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