| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING REVENUES | |||||||||||
Premiums Earned, Net | |||||||||||
5,049 | 4,712 | 4,247 | 3,865 | 3,823 | 3,840 | 3,231 | 2,147 | 1,979 | 1,730 | 1,815 | 2,022 |
Net investment income | |||||||||||
451 | 434 | 405 | 373 | 353 | 363 | 317 | 282 | 263 | 272 | 259 | 282 |
Other-than-temporary impairment losses recognized in other comprehensive income | |||||||||||
- | - | - | - | - | - | - | - | 5 | 0 | -5 | - |
Other-than-temporary impairment losses recognized in net income | |||||||||||
- | - | - | - | - | - | - | - | 20 | 12 | 89 | 339 |
Other-than-temporary impairment losses | |||||||||||
0 | 0 | 7 | 18 | 44 | 4 | 4 | 12 | 14 | 11 | 95 | 339 |
Net realized investment gains | |||||||||||
-1 | -11 | 47 | 66 | 150 | 50 | 67 | 43 | 56 | 48 | -6 | 68 |
Change in fair value of equity securities | |||||||||||
1,603 | -425 | -44 | 16 | - | - | - | - | - | - | - | - |
Net investment gains (losses) | |||||||||||
1,601 | -437 | -5 | 65 | 106 | 46 | 63 | 31 | 35 | 36 | -96 | -407 |
Products revenues | |||||||||||
1,609 | 1,497 | 951 | 885 | - | - | - | - | - | - | - | - |
Services and other revenues | |||||||||||
813 | 635 | 462 | 422 | - | - | - | - | - | - | - | - |
Other revenues | |||||||||||
- | - | - | - | 1,086 | 883 | 710 | 539 | 351 | 185 | 89 | 79 |
Total Operating Revenues | |||||||||||
9,526 | 6,841 | 6,061 | 5,612 | 5,369 | 5,133 | 4,323 | 3,000 | 2,629 | 2,225 | 2,069 | 1,976 |
OPERATING EXPENSES | |||||||||||
Losses and loss adjustment expenses | |||||||||||
2,891 | 2,820 | 2,865 | 2,050 | 1,938 | 2,202 | 1,816 | 1,154 | 1,209 | 946 | 992 | 1,269 |
Underwriting, acquisition and insurance expenses | |||||||||||
1,878 | 1,777 | 1,589 | 1,497 | 1,455 | 1,460 | 1,312 | 929 | 810 | 724 | 736 | 738 |
Products expenses | |||||||||||
1,455 | 1,413 | 850 | 755 | - | - | - | - | - | - | - | - |
Services and other expenses | |||||||||||
675 | 474 | 458 | 416 | - | - | - | - | - | - | - | - |
Amortization of intangible assets | |||||||||||
148 | 115 | 80 | 68 | 68 | 57 | 55 | 33 | 24 | 16 | 6 | 5 |
Impairment of goodwill and intangible assets | |||||||||||
0 | 199 | 0 | 18 | - | - | - | - | - | - | - | - |
Other expenses | |||||||||||
- | - | - | - | 1,046 | 854 | 663 | 478 | 309 | 168 | 80 | 74 |
Total Operating Expenses | |||||||||||
7,048 | 6,801 | 5,845 | 4,806 | 4,509 | 4,575 | 3,847 | 2,595 | 2,353 | 1,856 | 1,816 | 2,088 |
Operating Income (Loss) | |||||||||||
2,477 | 39 | 216 | 805 | 860 | 557 | 475 | 404 | 276 | 369 | 252 | -111 |
Interest expense | |||||||||||
171 | 154 | 132 | 129 | 118 | 117 | 114 | 92 | 86 | 73 | 53 | 48 |
Net foreign exchange gains (losses) | |||||||||||
-2 | 106 | 3 | -1 | - | - | - | - | - | - | - | - |
Loss on early extinguishment of debt | |||||||||||
-17 | 0 | 0 | -44 | 0 | 0 | - | - | - | - | - | - |
Income (Loss) Before Income Taxes | |||||||||||
2,285 | -7 | 87 | 629 | 742 | 440 | 361 | 312 | 190 | 295 | 198 | -159 |
Income tax (expense) benefit | |||||||||||
486 | 122 | -313 | 169 | 152 | 116 | 77 | 53 | 41 | 27 | -3 | -101 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
1,799 | -130 | 400 | 460 | 589 | 323 | 283 | 258 | 148 | 267 | 202 | -58 |
Net income attributable to noncontrolling interests | |||||||||||
8 | -2 | 5 | 4 | 6 | 2 | 2 | 4 | 6 | 0 | 0 | 0 |
Net Income (Loss) Attributable to Parent | |||||||||||
1,790 | -128 | 395 | 455 | 582 | 321 | 281 | 253 | 142 | 266 | 201 | -58 |
OTHER COMPREHENSIVE INCOME | |||||||||||
Net holding gains arising during the period | |||||||||||
299 | -241 | 787 | 275 | -240 | 687 | 225 | 266 | 141 | 195 | 326 | -594 |
Change in unrealized other-than-temporary impairment losses on fixed maturities arising during the period | |||||||||||
- | - | - | -0 | -0 | -0 | 0 | 0 | -3 | -0 | 5 | - |
Reclassification adjustments for net gains (losses) included in net income (loss) | |||||||||||
1 | -7 | 24 | 33 | 80 | 26 | 40 | 24 | 22 | 32 | -52 | -264 |
Change in net unrealized gains on available-for-sale investments, net of taxes | |||||||||||
297 | -233 | 763 | 242 | -320 | 661 | 184 | 242 | 123 | 163 | 374 | -329 |
Change in foreign currency translation adjustments, net of taxes | |||||||||||
0 | -16 | 10 | -11 | -29 | -32 | -10 | 1 | -4 | -2 | 19 | -7 |
Change in net actuarial pension loss, net of taxes | |||||||||||
-5 | -2 | -6 | 19 | 0 | 14 | -4 | -6 | 9 | -2 | -4 | -6 |
Total Other Comprehensive Income | |||||||||||
303 | -247 | 779 | 211 | -350 | 614 | 178 | 250 | 109 | 163 | 389 | -344 |
Comprehensive Income (Loss) | |||||||||||
2,102 | -377 | 1,180 | 671 | 239 | 938 | 462 | 508 | 258 | 431 | 591 | -402 |
Comprehensive income attributable to noncontrolling interests | |||||||||||
8 | -2 | 5 | 4 | 6 | 2 | 2 | 4 | 6 | 1 | 0 | 0 |
Comprehensive Income (Loss) to Shareholders | |||||||||||
2,093 | -375 | 1,174 | 667 | 232 | 935 | 459 | 503 | 251 | 430 | 590 | -403 |
NET INCOME (LOSS) PER SHARE | |||||||||||
Earnings Per Share, Basic | |||||||||||
129.25 | -9.55 | 25.89 | 31.41 | 41.99 | 22.38 | 22.57 | 25.96 | 14.66 | 27.31 | 20.54 | -5.95 |
Earnings Per Share, Diluted | |||||||||||
129.07 | -9.55 | 25.81 | 31.27 | 41.74 | 22.27 | 22.48 | 25.89 | 14.60 | 27.27 | 20.52 | -5.95 |