First Trinity Financial CORP [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21
	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q
Revenues:
Life insurance operations	11.3	10.8	10.8	10.8	10.3	9.9	10.2	9.4
Annuity operations	5.7	6.1	5.1	5.5	4.8	6.0	4.8	5.0
Corporate Segment	1.1	0.8	1.1	0.7	0.5	0.2	0.1	0.1
Total revenues	18.1	17.7	17.0	17.0	15.5	16.0	15.2	14.4
Revenue growth	16.2%	10.3%	11.7%	17.9%	9.5%	20.6%	7.1%	10.3%
Loss and loss adjustment expenses
Policy acquisition costs	2.3	2.0	1.9	2.0	2.1	1.4	1.7	1.7
Investment expenses	0.8	0.6	0.8	1.0	0.7	0.7	0.8	0.7
Other operating expenses	13.1	13.8	11.9	11.3	10.9	12.8	11.5	10.7
EBITDA	-12.8	-13.5	4.3	4.7	-9.8	2.6	43.6	3.1
EBITDA margin	-71.0%	-76.4%	25.4%	27.7%	-63.3%	16.0%	286.8%	21.5%
Depreciation	2.3	2.1	1.9	2.0	2.2	1.4	1.8	1.8
EBIT	-15.2	-15.6	2.4	2.7	-12.0	1.1	41.8	1.3
EBIT margin	-84.0%	-88.2%	14.0%	15.9%	-77.2%	7.0%	275.0%	9.3%
Pre-tax income	1.9	1.2	2.4	2.7	1.8	1.1	1.3	1.3
Income taxes	0.4	0.2	0.6	0.7	0.3	0.2	0.2	0.3
Tax rate	20.9%	18.7%	25.1%	24.4%	17.8%	19.2%	18.3%	20.7%
Net income	1.5	1.0	1.8	2.0	1.5	0.9	1.0	1.1
Net margin	8.3%	5.7%	10.4%	12.0%	9.4%	5.7%	6.8%	7.4%

Basic EPS			$0.19				$0.12
Diluted EPS			$0.19				$0.12

Shares outstanding (basic)			9.5				8.8
Shares outstanding (diluted)			9.5				8.8

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.