Protective Insurance Corp PTVCB Income Statement

Protective insurance corp (PTVCB)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Net premiums earned
446,934	447,288	454,603	441,122	437,431	432,880	411,284	403,577	359,633	328,145	300,211	282,346	283,076	276,011	272,865	267,075	263,798	263,335	266,273	266,775	264,231	261,627	258,116	256,617	255,487	252,743	248,723	239,128	237,008	237,461	240,255	245,831	248,520	244,570	232,962	226,056	0	0	0
Net investment income
27,253	26,249	25,473	24,348	23,644	22,048	21,670	20,119	19,039	18,095	16,416	15,902	14,735	14,483	14,273	13,774	13,123	12,498	11,325	10,384	9,576	9,055	8,640	8,759	8,654	8,770	9,321	9,472	9,918	9,930	9,849	10,285	10,498	10,729	10,941	11,106	0	0	0
Amount of fees and commissions from financial services and banking activities and correspondent clearing. Includes fees from depositor accounts, credit cards, merchant discounts, and fiduciary and trust activities, guarantee fees, investment advisory, management, and administrative fees, transfer agent fees, insurance commissions, and income classified as other.
8,770	9,171	9,200	9,897	10,182	9,932	9,010	7,004	6,141	5,308	5,029	4,829	4,892	5,275	5,207	5,501	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized losses on investments, excluding impairment losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commissions and other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	6,390	6,109	5,916	5,944	5,771	5,515	5,599	5,722	5,896	6,054	5,997	6,098	6,197	6,449	0	0	0
Net realized gains (losses) on investments, excluding impairment losses
-	-	-6,499	-7,249	-	-6,632	2,049	5,084	6,734	7,366	11,532	17,624	16,434	26,498	22,468	15,202	13,554	6,439	8,250	7,039	15,401	15,619	21,046	21,381	14,079	24,257	17,008	24,766	18,871	9,899	-6,619	-17,656	0	-	0	0	-	0	0
Impairment losses on investments
277	497	423	365	279	19	111	149	149	149	782	2,588	3,683	5,743	7,196	9,748	9,546	7,700	5,646	1,691	798	689	1,212	775	843	744	216	623	900	894	2,132	1,839	0	-	0	0	-	0	0
Amount of unrealized gain (loss) on investments in equity security and equity method investment measured at fair value.
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net unrealized gains (losses) on equity securities and limited partnership investments
-	-	-4,132	-1,192	-	-19,040	-3,381	-2,807	2,274	12,469	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized and unrealized gains (losses) on investments
-20,895	12,889	-11,054	-8,806	-15,130	-25,691	-1,443	2,128	8,859	19,686	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Portion of other-than-temporary impairment losses recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net realized gains (losses) on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,272	5,454	4,008	-1,261	2,604	5,348	14,603	14,930	19,836	20,608	13,238	23,515	16,798	24,149	17,977	9,011	11,798	-14,443	-10,953	-17,803	-10,621	3,981	0	0	0
Total revenues
462,062	495,597	478,222	466,561	456,127	439,169	440,521	432,828	393,672	371,234	343,394	326,603	323,213	318,997	308,176	292,035	286,699	280,275	285,716	288,648	294,782	292,042	292,982	292,093	283,295	290,972	280,613	278,264	270,502	262,124	267,798	247,727	254,062	243,594	239,479	247,592	0	0	0
Expenses
Losses and loss expenses incurred
343,177	348,468	363,874	373,633	360,688	345,864	310,818	276,951	271,217	247,518	229,391	225,545	196,457	186,481	179,977	158,362	152,727	155,750	155,221	158,702	161,953	159,596	159,122	157,396	155,457	150,701	148,811	142,321	137,717	138,088	145,199	163,359	184,786	215,555	205,560	188,075	0	0	0
Other operating expenses
138,865	138,456	141,577	134,707	136,111	137,177	131,395	131,382	122,197	113,594	107,321	99,359	94,962	89,462	87,590	87,089	87,873	90,573	88,790	91,303	88,579	88,048	88,559	86,252	86,168	85,361	83,376	81,655	80,499	77,430	75,485	74,989	73,849	73,328	72,977	71,791	0	0	0
Total expenses
482,042	486,924	505,451	508,340	496,799	483,041	442,213	408,333	393,414	361,112	336,712	324,904	291,419	275,943	267,567	245,451	240,600	246,323	244,011	250,005	250,532	247,644	247,681	243,648	241,625	236,062	232,187	223,976	218,216	215,518	220,684	238,348	258,635	288,883	278,537	259,866	0	0	0
Income (loss) before federal income tax expense (benefit)
-19,980	8,673	-27,229	-41,779	-40,672	-43,872	-1,692	24,495	258	10,122	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before federal income taxes (benefits)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,609	46,584	46,099	-	41,705	38,643	44,250	44,398	45,301	48,445	41,670	54,910	48,426	54,288	52,286	46,606	47,114	9,379	-4,573	-45,289	-39,058	-12,274	0	0	0
Federal income tax expense (benefit)
-2,423	1,326	-6,238	-9,170	-9,015	-9,797	-8,660	-2,232	-11,639	-8,201	-28	-1,578	10,205	14,109	12,985	15,181	14,947	10,669	13,718	12,666	14,651	14,681	14,863	16,006	13,664	18,322	16,129	18,075	16,930	14,687	14,373	1,296	-3,102	-17,114	-14,619	-5,792	0	0	0
Net income
-17,557	7,347	-20,991	-32,609	-31,657	-34,075	6,968	26,727	11,897	18,323	6,710	3,277	21,589	28,945	27,624	31,403	31,152	23,283	27,987	25,977	29,599	29,717	30,438	32,439	28,006	36,588	32,297	36,213	35,356	31,919	32,741	8,083	-1,471	-28,175	-24,439	-6,482	0	0	0
Per share data:
Basic and diluted earnings (loss) (in dollars per share)
-1.56	0.26	-0.05	0.11	0.18	-1.65	-0.82	0.17	0.02	1.09	0.49	-0.82	0.45	0.31	0.27	0.40	0.94	0.23	0.52	0.38	0.42	0.55	0.39	0.62	0.42	0.60	0.52	0.33	1.00	0.32	0.78	0.27	0.78	0.37	-0.87	-0.38	-1.02	0.62	0.33
Dividends paid to shareholders (in dollars per share)
-	-	-	0.10	-	-	-	0.28	0.28	-	0.27	0.27	0.27	0.26	0.26	0.26	0.26	-	0.25	0.25	0.25	-	0.25	0.25	0.25	-	0.25	0.25	0.25	-	0.25	0.25	0.25	-	0.25	0.25	0.25	0.25	0.25
Reconciliation of shares outstanding:
Average shares outstanding - basic (in shares)
14,169	-	14,361	14,616	14,848	-	14,969	15,014	15,010	-	15,089	15,122	15,096	-	15,084	-	15	-	15	15,017	14,994	-	14,971	14,967	14,947	-	14,918	14,910	14,878	-	14,846	14,837	14,826	-	14,826	14,819	14	14	14
Dilutive effect of share equivalents (in shares)
0	-	0	63	30	-	0	9	24	-	29	0	8	-	0	-	0	-	0	8	24	-	2	4	28	-	3	8	33	-	21	23	16	-	11	15	0	0	0
Average shares outstanding - diluted (in shares)
14,169	-	14,361	14,679	14,878	-	14,969	15,023	15,034	-	15,118	15,122	15,104	-	15,084	-	15	-	15	15,025	15,018	-	14,973	14,971	14,975	-	14,921	14,918	14,911	-	14,867	14,860	14,842	-	14,837	14,834	14	14	14