Overview Financials News + Filings IR Vault Key Docs Charts Transactions Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Reinsurance | 1,042.0 | 929.3 | 903.6 | 928.6 | 934.1 | 836.3 | 838.5 | 908.4 |
| Other | 346.4 | 338.3 | 368.5 | 220.5 | 80.0 | | | |
| Investing | | 989.6 | | | | | 459.7 | 409.2 |
| U.S. Insurance | | | | | | | 2,105.2 | 2,022.9 |
| Other | 2,601.8 | 875.8 | 1,150.7 | 983.5 | 399.2 | 4,775.8 | 1,966.5 | 1,793.2 |
| Total revenues | 3,990.3 | 3,133.1 | 2,422.8 | 2,132.6 | 1,413.3 | 5,612.0 | 5,370.0 | 5,133.7 |
| Revenue growth | 27.4% | 29.3% | 13.6% | 50.9% | -74.8% | 4.5% | 4.6% | 18.8% |
| Loss and loss adjustment expenses | 3,581.2 | 3,467.0 | 2,891.2 | 2,820.7 | 2,865.8 | 2,050.7 | 1,938.7 | 2,202.5 |
| Policy acquisition costs | 1,419.3 | 1,229.2 | 1,100.5 | 1,009.3 | 894.4 | 782.2 | 745.0 | 654.9 |
| Other underwriting costs | 874.5 | 788.5 | 777.6 | 768.2 | 695.1 | 714.9 | 710.1 | 806.0 |
| Investment expenses | 17.0 | 16.2 | 15.5 | 16.8 | 17.0 | 17.2 | 17.0 | 15.3 |
| Other operating expenses | -5,217.5 | -3,545.8 | -4,819.5 | -2,628.7 | -3,278.7 | 1,287.1 | 1,098.8 | 897.2 |
| EBITDA | 3,579.9 | 1,581.0 | 2,746.6 | 466.8 | 420.5 | 1,018.0 | 1,061.4 | 761.4 |
| EBITDA margin | 89.7% | 50.5% | 113.4% | 21.9% | 29.8% | 18.1% | 19.8% | 14.8% |
| Depreciation | 175.9 | 147.8 | 120.6 | 111.9 | 123.1 | 125.6 | 132.0 | 146.0 |
| EBITA | 3,404.0 | 1,433.2 | 2,626.0 | 354.9 | 297.4 | 892.4 | 929.4 | 615.4 |
| EBITA margin | 85.3% | 45.7% | 108.4% | 16.6% | 21.0% | 15.9% | 17.3% | 12.0% |
| Amortization of intangibles | 160.5 | 159.3 | 148.6 | 115.9 | 80.8 | 68.5 | 68.9 | 57.6 |
| EBIT | 3,243.5 | 1,273.9 | 2,477.3 | 239.0 | 216.6 | 823.9 | 860.4 | 557.8 |
| EBIT margin | 81.3% | 40.7% | 102.3% | 11.2% | 15.3% | 14.7% | 16.0% | 10.9% |
| Interest expense, net [+] | 183.6 | 361.7 | 189.3 | 154.2 | 132.5 | 174.0 | 118.3 | 117.4 |
| Interest expense | 183.6 | 177.6 | 171.7 | 154.2 | 132.5 | 129.9 | 118.3 | 117.4 |
| Interest income | | -184.1 | -17.6 | | | -44.1 | | |
| Pre-tax income | 3,132.2 | 1,000.4 | 2,285.8 | -7.9 | 87.3 | 629.9 | 742.1 | 440.4 |
| Income taxes | 684.5 | 168.7 | 486.3 | 122.5 | -313.5 | 169.5 | 153.0 | 116.7 |
| Tax rate | 21.9% | 16.9% | 21.3% | | | 26.9% | 20.6% | 26.5% |
| Minority interest | 22.7 | 15.7 | 9.0 | -2.2 | 5.5 | 4.8 | 6.4 | 2.5 |
| Net income | 2,389.0 | 797.6 | 1,790.5 | -128.2 | 395.3 | 455.7 | 582.8 | 321.2 |
| Net margin | 59.9% | 25.5% | 73.9% | -6.0% | 28.0% | 8.1% | 10.9% | 6.3% |
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| Basic EPS | $173.52 | $57.75 | $129.17 | ($9.21) | $28.31 | $32.52 | $41.69 | $22.97 |
| Diluted EPS | $173.12 | $57.70 | $128.99 | ($9.21) | $28.22 | $32.37 | $41.45 | $22.85 |
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| Shares outstanding (basic) | 13.8 | 13.8 | 13.9 | 13.9 | 14.0 | 14.0 | 14.0 | 14.0 |
| Shares outstanding (diluted) | 13.8 | 13.8 | 13.9 | 13.9 | 14.0 | 14.1 | 14.1 | 14.1 |
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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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