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NAVIGATORS GROUP INC (NAVG)
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Income Statement |
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Annual | Quarterly | TTM |
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In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
U.S. Insurance | 737.6 | 674.7 | 629.3 | 555.8 | | | | |
International Insurance | 380.5 | 333.8 | 307.4 | 260.0 | | 233.0 | | |
Global Reinsurance | 245.1 | 178.0 | 163.6 | 168.3 | | | | |
Corporate | 103.1 | 89.3 | 79.5 | 68.7 | | 56.3 | 0.1 | 0.4 |
Other | | 38.8 | 17.7 | 6.2 | | 628.4 | 877.8 | 766.0 |
Total revenues | 1,443.2 | 1,314.5 | 1,197.5 | 1,059.0 | 1,023.5 | 917.6 | 877.9 | 766.4 |
Revenue growth | 9.8% | 9.8% | 13.1% | 3.5% | 11.5% | 4.5% | 14.6% | -1.4% |
Loss and loss adjustment expenses | 893.8 | 806.3 | 665.4 | 572.6 | 545.2 | 519.0 | 497.4 | 477.0 |
Investment expenses | 3.1 | 3.7 | 3.3 | 3.4 | 3.0 | 3.3 | 10.4 | 7.6 |
Other operating expenses | 482.2 | 414.3 | 395.8 | 350.1 | 319.4 | 292.6 | 270.2 | 240.9 |
EBITDA | 69.0 | 95.2 | 139.8 | 146.7 | 148.1 | 125.2 | 105.9 | 45.0 |
EBITDA margin | 4.8% | 7.2% | 11.7% | 13.8% | 14.5% | 13.6% | 12.1% | 5.9% |
Depreciation | 3.0 | 3.6 | 5.4 | 5.4 | 4.9 | 4.5 | 5.9 | 4.1 |
EBITA | 66.0 | 91.6 | 134.3 | 141.3 | 143.1 | 120.7 | 99.9 | 40.9 |
EBITA margin | 4.6% | 7.0% | 11.2% | 13.3% | 14.0% | 13.2% | 11.4% | 5.3% |
Amortization of intangibles | 0.7 | | | | | | | |
EBIT | 65.4 | 91.6 | 134.3 | 141.3 | 143.1 | 120.7 | 99.9 | 40.9 |
EBIT margin | 4.5% | 7.0% | 11.2% | 13.3% | 14.0% | 13.2% | 11.4% | 5.3% |
Interest expense, net [+] | 14.2 | 14.1 | 14.0 | 7.1 | 28.2 | 28.4 | 8.2 | 8.2 |
Interest expense | 15.5 | 15.4 | 15.4 | 15.4 | 15.4 | 10.5 | 8.2 | 8.2 |
Interest income | 1.3 | 1.3 | 1.4 | 8.4 | -12.8 | -17.9 | | |
Other income (expense), net | -1.3 | -1.3 | -1.4 | -8.4 | 12.8 | | | |
Pre-tax income | 48.6 | 74.8 | 117.5 | 117.5 | 140.5 | 92.3 | 91.7 | 32.7 |
Income taxes | 14.3 | 34.3 | 34.8 | 36.4 | 45.2 | 28.8 | 28.0 | 7.1 |
Tax rate | 29.5% | 45.9% | 29.6% | 31.0% | 32.2% | 31.2% | 30.5% | 21.8% |
Net income | 34.2 | 40.5 | 82.7 | 81.1 | 95.3 | 63.5 | 63.8 | 25.6 |
Net margin | 2.4% | 3.1% | 6.9% | 7.7% | 9.3% | 6.9% | 7.3% | 3.3% |
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Basic EPS | $1.15 | $1.38 | $2.85 | $2.82 | $3.34 | $4.49 | $4.54 | $1.71 |
Diluted EPS | $1.13 | $1.35 | $2.75 | $2.73 | $3.25 | $4.42 | $4.45 | $1.69 |
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Shares outstanding (basic) | 29.7 | 29.4 | 29.1 | 28.8 | 28.5 | 14.1 | 14.1 | 15.0 |
Shares outstanding (diluted) | 30.2 | 30.1 | 30.0 | 29.7 | 29.3 | 14.3 | 14.3 | 15.2 |
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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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