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UNION SECURITY INSURANCE CO
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Income Statement |
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Annual | Quarterly | TTM |
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In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| S-1/A | S-1/A | S-1/A | S-1/A | S-1/A | S-1/A | S-1 | S-1 |
Revenues | 99.3 | 120.7 | 154.7 | 206.2 | 812.2 | 1,250.9 | 1,239.3 | 1,216.3 |
Revenue growth | -17.7% | -22.0% | -25.0% | -74.6% | -35.1% | 0.9% | 1.9% | -1.7% |
Loss and loss adjustment expenses | 56.4 | 56.6 | 63.1 | 58.6 | 152.7 | 749.6 | 746.1 | 745.2 |
Policy acquisition costs | | | | | | | 31.2 | 28.4 |
Investment expenses | 1.8 | 1.4 | 1.5 | 2.1 | 2.0 | 5.9 | 7.0 | 7.3 |
Other operating expenses | 7.5 | 7.0 | 8.4 | 20.4 | 141.8 | 380.3 | 350.8 | 342.5 |
Equity in earnings | | | | 9.8 | 165.1 | 17.0 | 16.4 | 13.5 |
EBITDA | 33.0 | 55.0 | 81.1 | 134.7 | 682.6 | 136.8 | 125.4 | 112.2 |
EBITDA margin | 33.2% | 45.6% | 52.4% | 65.3% | 84.0% | 10.9% | 10.1% | 9.2% |
Depreciation | -0.6 | -0.7 | -0.6 | -0.2 | 1.8 | 4.7 | 4.9 | 5.9 |
EBIT | 33.6 | 55.7 | 81.7 | 134.9 | 680.8 | 132.1 | 120.5 | 106.3 |
EBIT margin | 33.8% | 46.1% | 52.8% | 65.4% | 83.8% | 10.6% | 9.7% | 8.7% |
Pre-tax income | 33.6 | 55.7 | 81.7 | 125.1 | 515.7 | 115.1 | 104.2 | 92.8 |
Income taxes | 5.4 | 10.8 | 16.7 | 46.2 | 206.2 | 41.0 | 35.0 | 30.1 |
Tax rate | 16.1% | 19.4% | 20.4% | 36.9% | 40.0% | 35.6% | 33.6% | 32.4% |
Net income | 28.2 | 44.9 | 65.0 | 78.9 | 309.5 | 74.1 | 69.2 | 62.8 |
Net margin | 28.4% | 37.2% | 42.0% | 38.3% | 38.1% | 5.9% | 5.6% | 5.2% |
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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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