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SIGIP • CIK 0000230557
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Premiums Earned, Net | — | $4,376,447 | $4,768,196 | $4,854,086 |
| Net Investment Income | $388,650 | $457,051 | $531,150 | $575,041 |
| Gain (Loss) on Investments | $-3,552 | $-2,949 | $8,330 | $7,599 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $458,412 | $258,034 | $589,597 | $628,853 |
| Other Income | $19,402 | $31,115 | $29,252 | $34,231 |
| Revenues | $4,232,106 | $4,861,664 | $5,336,928 | $5,470,957 |
| Net Income (Loss) Attributable to Parent | $365,238 | $207,012 | $466,411 | $497,633 |
| Preferred Stock Dividends, Income Statement Impact | $9,200 | $9,200 | $9,200 | $9,200 |
| Net Income (Loss) Available to Common Stockholders, Basic | $356,038 | $197,812 | $457,211 | $488,433 |
| Net Income (Loss) Available to Common Stockholders, Diluted | — | $197,812 | $457,211 | $488,433 |
| Policyholder Benefits and Claims Incurred, Net | — | $3,164,484 | $3,157,726 | $3,219,273 |
| Deferred Policy Acquisition Costs, Amortization Expense | $796,182 | $922,431 | $1,002,376 | $1,006,095 |
| Other Underwriting Expense | $433,742 | $453,235 | $501,458 | $524,641 |
| Interest Expense, Debt | $28,799 | $28,878 | $49,322 | $52,929 |
| Operating Costs and Expenses | $30,686 | $34,602 | $36,449 | $39,166 |
| Benefits, Losses and Expenses | $3,773,694 | $4,603,630 | $4,747,331 | $4,842,104 |
| Current Federal, State and Local, Tax Expense (Benefit) | — | — | $136,576 | $149,951 |
| Deferred Federal Income Tax Expense (Benefit) | $-848 | $-16,347 | $-13,390 | $-18,731 |
| Income Tax Expense (Benefit) | $93,174 | $51,022 | $123,186 | $131,220 |
| Weighted Average Number of Shares Outstanding, Basic | 60,631,000 | 60,869,000 | 60,621,000 | 59,586,000 |
| Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 338,000 | 405,000 | 437,000 | 508,000 |
| Weighted Average Number of Shares Outstanding, Diluted | 60,969,000 | 61,274,000 | 61,058,000 | 60,094,000 |
| Current Federal Tax Expense (Benefit) | $94,022 | $67,369 | $134,875 | $134,875 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Debt Securities, Held-to-maturity | $22,700 | $25,375 | $23,942 | $20,107 |
| Debt Securities, Held-to-maturity, Allowance for Credit Loss | $0 | $0 | $0 | $0 |
| Cash | $180 | $91 | $346 | $557 |
| Restricted Cash | $13,092 | $62,933 | $17,612 | $10,370 |
| Debt Securities, Available-for-sale | $7,499,197 | $8,127,334 | $9,457,176 | $9,909,753 |
| Accrued Investment Income Receivable | $66,339 | $76,892 | $92,003 | $101,571 |
| Financing Receivable, before Allowance for Credit Loss | $188,708 | $233,774 | $277,895 | $273,175 |
| Premiums Receivable, Gross | $1,331,979 | $1,488,206 | $1,555,201 | $1,661,814 |
| Allowance for Loan and Lease Losses, Real Estate | $291 | $66 | $213 | $3,464 |
| Premium Receivable, Allowance for Credit Loss | $18,900 | $20,400 | $21,300 | $24,100 |
| Mortgage Loans on Real Estate, Commercial and Consumer, Net | $188,417 | $233,708 | $277,682 | $269,711 |
| Premiums Receivable, Net | $1,313,079 | $1,467,806 | $1,533,901 | $1,637,714 |
| Equity Securities, FV-NI | $187,155 | $213,601 | $384,416 | $413,106 |
| Reinsurance Recoverables on Unpaid Losses, Gross | $658,525 | $1,063,145 | $917,495 | $954,248 |
| Other Short-term Investments | $309,317 | $509,318 | $648,542 | $378,879 |
| Reinsurance Recoverable, Allowance for Credit Loss | $1,700 | $2,000 | $2,000 | $2,000 |
| Alternative Investment | $395,779 | $440,896 | $418,525 | $473,864 |
| Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments | $656,825 | $1,061,145 | $915,495 | $952,248 |
| Other Investments | $91,164 | $101,065 | $92,157 | $111,440 |
| Prepaid Reinsurance Premiums | $203,320 | $235,378 | $266,332 | $273,062 |
| Investments | $8,693,729 | $9,651,297 | $11,302,440 | $11,576,860 |
| Deferred Income Tax Assets, Net | $140,237 | $146,788 | $110,905 | $137,880 |
| Property, Plant and Equipment, Net | $83,272 | $93,303 | $106,390 | $116,498 |
| Deferred Policy Acquisition Cost | $424,864 | $479,304 | $492,270 | $484,585 |
| Goodwill | $7,849 | $7,849 | $7,849 | $7,849 |
| Other Assets | $199,760 | $231,403 | $310,167 | $314,816 |
| Assets | $11,802,546 | $13,514,189 | $15,155,710 | $15,615,949 |
| Liability for Claims and Claims Adjustment Expense | $5,336,911 | $6,589,801 | $7,225,398 | $7,681,439 |
| Unearned Premiums | $2,330,656 | $2,616,268 | $2,745,521 | $2,765,749 |
| Long-term Debt and Lease Obligation, Including Current Maturities | — | $507,938 | $901,873 | $900,959 |
| Accrued Income Taxes | — | $19,706 | $16,939 | $0 |
| Employee-related Liabilities | — | $121,662 | $140,786 | $122,186 |
| Other Liabilities | $548,398 | $538,738 | $516,218 | $482,629 |
| Liabilities | $8,848,165 | $10,394,113 | $11,546,735 | $11,952,962 |
| Preferred Stock, Value, Issued | $200,000 | $200,000 | $200,000 | $200,000 |
| Common Stock, Value, Issued | $210,447 | $211,219 | $212,013 | $212,538 |
| Additional Paid in Capital, Common Stock | $522,748 | $557,042 | $591,272 | $614,724 |
| Retained Earnings (Accumulated Deficit) | $3,029,396 | $3,139,489 | $3,500,774 | $3,671,632 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $-373,001 | $-336,845 | $-151,660 | $-225,078 |
| Treasury Stock, Value | $635,209 | $650,829 | $743,424 | $810,829 |
| Stockholders' Equity Attributable to Parent | $2,954,381 | $3,120,076 | $3,608,975 | $3,662,987 |
| Debt Securities, Held-to-maturity, Fair Value | $21,923 | $24,735 | $23,939 | $19,540 |
| Debt Securities, Available-for-sale, Allowance for Credit Loss | $28,212 | $31,948 | $31,287 | $39,102 |
| Debt Securities, Available-for-sale, Amortized Cost | $7,880,697 | $8,476,078 | $9,576,878 | $10,131,816 |
| Equity Securities, FV-NI, Cost | $183,076 | $211,486 | $370,104 | $377,480 |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $271,409 | $287,685 | $297,211 | $311,425 |
| Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 |
| Preferred Stock, Shares Issued | 8,000 | 8,000 | 8,000 | 8,000 |
| Common Stock, Shares Authorized | 360,000,000 | 360,000,000 | 360,000,000 | 360,000,000 |
| Common Stock, Shares, Issued | 105,223,307 | 105,609,364 | 106,006,544 | 106,269,113 |
| Treasury Stock, Common, Shares | 44,586,870 | 44,761,468 | 45,930,091 | 46,700,278 |
| Income Taxes Receivable | $0 | — | — | $1,939 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss) Attributable to Parent | $365,238 | $207,012 | $466,411 | $497,633 |
| Net Cash Provided by (Used in) Operating Activities | $758,908 | $1,099,888 | $1,233,021 | $1,232,523 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | $-11,937 | $49,752 | $-45,066 | $-27,308 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $13,272 | $63,024 | $17,958 | $-79,443 |
| Depreciation, Amortization and Accretion, Net | $30,040 | $34,800 | $32,669 | $34,368 |
| Payments to Acquire Held-to-maturity Securities | $0 | $6,805 | $2,400 | $0 |
| Share-based Payment Arrangement, Noncash Expense | $18,346 | $22,763 | $23,104 | $23,667 |
| Payments to Acquire Debt Securities, Available-for-sale | $2,438,851 | $2,491,852 | $3,252,652 | $3,633,519 |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $17,083 | $17,778 | $13,165 | $19,344 |
| Payments to Acquire Mortgage Notes Receivable | $42,114 | $56,852 | $75,026 | $44,459 |
| PaymentsToAcquireEquitySecuritiesFvNi | $24,166 | $46,191 | $160,818 | $61,100 |
| Gain (Loss) on Investments | $-3,552 | $-2,949 | $8,330 | $7,599 |
| Payments to Acquire Other Investments | $97,597 | $92,207 | $109,525 | $118,303 |
| Gain (Loss) on Disposition of Property Plant Equipment | $6 | $-334 | $69 | $-3 |
| Payments to Acquire Short-term Investments | $4,479,918 | $9,802,626 | $13,378,618 | $10,681,362 |
| Proceeds from Sale of Debt Securities, Available-for-sale | $1,221,918 | $917,289 | $920,335 | $1,245,734 |
| Proceeds from Sale and Collection of Mortgage Notes Receivable | $2,711 | $11,786 | $27,606 | $43,356 |
| Proceeds from Sale of Short-term Investments | $4,611,342 | $9,603,377 | $13,239,598 | $10,833,888 |
| Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | $8,458 | $4,130 | $3,833 | $4,444 |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $509,220 | $997,229 | $1,235,649 | $1,374,458 |
| ProceedsFromSaleOfEquitySecuritiesFvNi | $53,344 | $19,416 | $21,281 | $14,156 |
| Proceeds from Sale of Equity Method Investments | $900 | $0 | $44,637 | $44,637 |
| Proceeds from Equity Method Investment, Distribution, Return of Capital | $11,029 | $26,735 | $39,277 | $41,791 |
| Payments to Acquire Property, Plant, and Equipment | $22,631 | $30,810 | $38,742 | $43,523 |
| Net Cash Provided by (Used in) Investing Activities | $-686,355 | $-947,381 | $-1,485,565 | $-1,024,307 |
| Payments of Ordinary Dividends, Preferred Stock and Preference Stock | $9,200 | $9,200 | $9,200 | $9,200 |
| Payments of Ordinary Dividends, Common Stock | $73,827 | $84,936 | $92,884 | $97,552 |
| Increase (Decrease) in Income Taxes | $9,082 | $-2,707 | $-16,110 | $-7,427 |
| Payments for Repurchase of Common Stock | $7,930 | $15,620 | $92,595 | $134,542 |
| Increase (Decrease) in Premiums Receivable | $227,392 | $154,727 | $66,095 | $-24,837 |
| Proceeds, Issuance of Shares, Share-based Payment Arrangement, Including Option Exercised | $9,133 | $9,630 | $9,015 | $8,419 |
| Increase (Decrease) in Deferred Policy Acquisition Costs | $56,240 | $54,440 | $12,966 | $-25,806 |
| Proceeds from Debt, Net of Issuance Costs | $20,000 | $0 | $395,957 | $100 |
| Increase (Decrease) in Interest and Dividends Receivable | $7,172 | $10,553 | $15,111 | $14,563 |
| Repayments of Debt | $20,000 | $0 | $100 | $100 |
| Increase (Decrease) in Employee Related Liabilities | $6,430 | $588 | $18,830 | $14,174 |
| Finance Lease, Principal Payments | $2,666 | $2,629 | $2,715 | $2,649 |
| Increase (Decrease) in Other Operating Assets | $23,195 | $34,016 | $87,271 | $94,249 |
| Net Cash Provided by (Used in) Financing Activities | $-84,490 | $-102,755 | $207,478 | $-235,524 |
| Increase (Decrease) in Other Operating Liabilities | $16,255 | $-13,211 | $14,578 | $9,677 |
| Cash | $180 | $91 | $346 | $398 |
| Restricted Cash | $13,092 | $62,933 | $17,612 | $-79,841 |