Index to Business Overview 9 Growth Strategy 9 Products 11 Distribution Channels 14 Investment Management 16 Capital 18 Reinsurance 19 Outsourcing 20 Ratings 20 Competition 21 Human Capital Management 22 Regulation 23 Available Information 33 8 Table of Contents Item 1. Business Overview We are a leading financial services company that specializes in issuing, reinsuring and acquiring retirement…
Net margin is thin at 10.56%. This may reflect rising credit costs, rate compression, or operational inefficiency.
Revenue grew 24.1% YoY. However, net income declined 22%, rising credit provisions or expenses may be eating into the top line.
Net income declined 22% YoY, profitability momentum has weakened.
Profitability & Returns
Revenue (TTM)
$25.16B
▲ +24.1% YoY
Net Income (TTM)
$308M
▼ -21.7% YoY
Net Margin
1.22%
P/E
—
Balance Sheet
Total Assets
$447.80B
Equity
$17.85B
Total Debt
$7.84B
Cash & Equiv.
$19.31B
5Y CAGR: +11.8%
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