7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 
      
    		                                                  
      operating revenue
    		                                                  
      management fee revenue - policy issuance and renewal services
    		825,275,000 823,853,000 755,049,000 698,340,000 769,162,000 760,886,000 665,686,000 601,595,000 649,049,000 633,339,000 558,090,000 503,633,000 551,666,000 544,555,000 487,992,000 450,286,000 504,891,000 502,271,000 455,718,000 429,698,000 484,551,000 483,795,000 443,750,000 424,534,000 474,427,000 480,513,000 430,983,000 407,656,000 451,361,000 454,572,000 405,978,000                    
      management fee revenue - administrative services
    		18,831,000 18,296,000 17,645,000 17,216,000 17,154,000 17,051,000 16,934,000 16,693,000 16,151,000 15,636,000 15,189,000 14,877,000 14,657,000 14,476,000 14,313,000 14,301,000 14,471,000 14,667,000 14,847,000 14,969,000 14,910,000 14,813,000 14,771,000 14,628,000 14,430,000 14,195,000 13,951,000 13,738,000 13,521,000 13,299,000 13,074,000                    
      administrative services reimbursement revenue
    		215,694,000 212,644,000 210,273,000 201,987,000 206,754,000 206,028,000 191,567,000 192,728,000 187,118,000 184,466,000 172,827,000 175,613,000 168,653,000 160,675,000 163,327,000 165,350,000 162,410,000 157,190,000 153,533,000 158,206,000 147,710,000 151,965,000 151,554,000 150,705,000 142,730,000 146,095,000 142,480,000 147,694,000 140,172,000 146,507,000 145,963,000                    
      service agreement revenue
    		6,939,000 5,304,000 6,432,000 6,547,000 6,816,000 6,473,000 6,514,000 6,651,000 6,620,000 6,429,000 6,359,000 6,512,000 6,260,000 6,437,000 6,478,000 5,994,000 6,067,000 5,902,000 6,079,000 6,379,000 6,310,000 6,446,000 6,662,000 6,873,000 7,155,000 6,907,000 6,692,000 7,380,000 7,072,000 7,080,000 7,145,000 7,368,000 7,278,000 7,245,000 7,258,000 7,444,000 7,267,000 7,219,000 7,270,000            
      total operating revenue
    		1,066,739,000 1,060,097,000 989,399,000 924,090,000 999,886,000 990,438,000 880,701,000 817,667,000 858,938,000 839,870,000 752,465,000 700,635,000 741,236,000 726,143,000 672,110,000 635,931,000 687,839,000 680,030,000 630,177,000 609,252,000 653,481,000 657,019,000 616,737,000 596,740,000 638,742,000 647,710,000 594,106,000 576,468,000 612,126,000 621,458,000 572,160,000 401,402,000 442,492,000 448,564,000 399,316,000 379,613,000 418,406,000 423,884,000 374,728,000            
      operating expenses
    		                                                  
      cost of operations - policy issuance and renewal services
    		642,124,000 648,280,000 627,750,000 554,793,000 613,007,000 594,202,000 550,322,000 497,855,000 523,349,000 521,246,000 469,095,000 443,592,000 466,111,000 461,468,000 424,471,000 408,747,000 430,326,000 437,775,000 400,549,000 385,994,000 409,546,000 413,865,000 379,492,000 377,335,000 390,105,000 405,005,000 365,504,000 354,016,000 375,259,000 379,628,000 348,630,000                    
      cost of operations - administrative services
    		215,694,000 212,644,000 210,273,000 201,987,000 206,754,000 206,028,000 191,567,000 192,728,000 187,118,000 184,466,000 172,827,000 175,613,000 168,653,000 160,675,000 163,327,000 165,350,000 162,410,000 157,190,000 153,533,000 158,206,000 147,710,000 151,965,000 151,554,000 150,705,000 142,730,000 146,095,000 142,480,000 147,694,000 140,172,000 146,507,000 145,963,000                    
      total operating expenses
    		857,818,000 860,924,000 838,023,000 756,780,000 819,761,000 800,230,000 741,889,000 690,583,000 710,467,000 705,712,000 641,922,000 619,205,000 634,764,000 622,143,000 587,798,000 574,097,000 592,736,000 594,965,000 554,082,000 544,200,000 557,256,000 565,830,000 531,046,000 528,040,000 532,835,000 551,100,000 507,984,000 501,710,000 515,431,000 526,135,000 494,593,000 343,444,000 361,656,000 365,520,000 332,782,000 322,928,000 336,151,000 338,125,000 307,063,000            
      operating income
    		208,921,000 199,173,000 151,376,000 167,310,000 180,125,000 190,208,000 138,812,000 127,084,000 148,471,000 134,158,000 110,543,000 81,430,000 106,472,000 104,000,000 84,312,000 61,834,000 95,103,000 85,065,000 76,095,000 65,052,000 96,225,000 91,189,000 85,691,000 68,700,000 105,907,000 96,610,000 86,122,000 74,758,000 96,695,000 95,323,000 77,567,000 57,958,000 80,836,000 83,044,000                 
      yoy
    		15.99% 4.71% 9.05% 31.65% 21.32% 41.78% 25.57% 56.07% 39.45% 29.00% 31.11% 31.69% 11.95% 22.26% 10.80% -4.95% -1.17% -6.72% -11.20% -5.31% -9.14% -5.61% -0.50% -8.10% 9.53% 1.35% 11.03% 28.99% 19.62% 14.79%                     
      qoq
    		4.89% 31.58% -9.52% -7.11% -5.30% 37.03% 9.23% -14.40% 10.67% 21.36% 35.75% -23.52% 2.38% 23.35% 36.35% -34.98% 11.80% 11.79% 16.98% -32.40% 5.52% 6.42% 24.73% -35.13% 9.62% 12.18% 15.20% -22.69% 1.44% 22.89% 33.83% -28.30% -2.66%                  
      operating margin %
    		                                                  
      investment income
    		                                                  
      net investment income
    		21,033,000 20,030,000 19,948,000 20,920,000 17,322,000 16,010,000 15,903,000 14,212,000 14,642,000 13,535,000 2,183,000 3,979,000 5,834,000 8,268,000 10,504,000 12,572,000 18,858,000 13,650,000 17,097,000 6,981,000 7,030,000 7,373,000 8,369,000 8,200,000 8,652,000 8,030,000 8,517,000 8,626,000 7,659,000 7,104,000 6,820,000 6,424,000 5,970,000 6,236,000 5,978,000 5,663,000 5,331,000 4,891,000 4,662,000 -342,209,000 120,000,000 127,000,000 113,000,000 111,000,000 115,000,000 111,000,000 109,000,000 106,000,000 109,000,000 104,000,000 
      net realized and unrealized investment gains
    		1,331,000 479,000 502,000 246,000 2,925,000 -1,795,000 1,853,000     -3,453,000 -6,230,000 -10,324,000 -7,279,000                                    
      net impairment losses recognized in earnings
    		-810,000 -909,000 -914,000 -361,000 -698,000 -388,000 -2,677,000 -479,250 -113,000 -171,000 -1,633,000         -86,000 -122,000 -17,000 -3,053,000 -2,000 -31,000 -84,000 -78,000 -935,000 0 -646,000 0  0 -61,000 -121,000 -71,000 0 0 -345,000 6,442,000 -4,000,000 -2,000,000 -2,000,000 -3,000,000 -1,000,000 0 0 -3,000,000 -9,000,000 -1,000,000 
      total investment income
    		21,554,000 19,600,000 19,536,000 20,805,000 19,549,000 13,827,000 15,079,000 9,771,000 12,302,000 11,627,000 -4,732,000 288,000 -571,000 -2,094,000 3,009,000 12,328,000 20,598,000 16,418,000 17,988,000 14,071,000 16,438,000 11,553,000 -9,195,000 6,914,000 13,606,000 9,652,000 9,795,000 4,995,000 8,431,000 6,207,000 6,163,000 7,121,000 8,406,000 6,448,000 6,586,000 13,539,000 4,326,000 7,404,000 2,559,000            
      other income
    		2,286,000 1,974,000 3,834,000 3,693,000 1,168,000 3,292,000 3,411,000 3,069,000 3,001,000 3,305,000 3,337,000 243,000 562,000 337,000 473,000 -6,501,000 541,000 548,000 519,000 -190,000 -964,000 -258,000 -366,000 60,000 100,000 48,000 47,000 3,485,000 54,000 58,000 44,000         5,750,000 7,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 
      income before income taxes
    		232,761,000 220,747,000 174,746,000 191,808,000 200,842,000 207,327,000 157,302,000 139,924,000 163,774,000 149,090,000 109,148,000 81,961,000 106,348,000 101,348,000 86,795,000 69,827,000 114,126,000 99,896,000 92,555,000 78,210,000 111,696,000 102,482,000 76,127,000 75,650,000 119,502,000 106,038,000 95,515,000 82,642,000 104,471,000 100,986,000 83,221,000 64,641,000 88,865,000 89,235,000 72,954,000 70,123,000 86,581,000 93,163,000 70,224,000            
      income tax expense
    		49,908,000 46,062,000 36,329,000 39,779,000 41,012,000 43,424,000 32,750,000 28,996,000 32,734,000 31,238,000 22,907,000 16,471,000 22,035,000 21,201,000 18,176,000 14,785,000 23,903,000 20,867,000 18,989,000 15,425,000 22,480,000 20,505,000 16,801,000 16,063,000 25,333,000 18,284,000 20,204,000 20,328,000 24,025,000 21,280,000 17,463,000 32,588,000 30,322,000 30,708,000 25,078,000 24,337,000 29,205,000 31,854,000 24,329,000            
      net income
    		182,853,000 174,685,000 138,417,000 152,029,000 159,830,000 163,903,000 124,552,000 110,928,000 131,040,000 117,852,000 86,241,000 65,490,000 84,313,000 80,147,000 68,619,000 55,042,000 90,223,000 79,029,000 73,566,000 62,785,000 89,216,000 81,977,000 59,326,000 59,587,000 94,169,000 87,754,000 75,311,000 62,314,000 80,446,000 79,706,000 65,758,000 32,053,000 58,543,000 58,527,000 47,876,000 45,786,000 57,376,000 61,309,000 45,895,000 -191,322,000 33,000,000 197,000,000 136,000,000 253,000,000 108,000,000 103,000,000 109,000,000 314,000,000 267,000,000 177,000,000 
      yoy
    		14.40% 6.58% 11.13% 37.05% 21.97% 39.08% 44.42% 69.38% 55.42% 47.04% 25.68% 18.98% -6.55% 1.41% -6.72% -12.33% 1.13% -3.60% 24.00% 5.37% -5.26% -6.58% -21.23% -4.38% 17.06% 10.10% 14.53% 94.41% 37.41% 36.19% 37.35% -29.99% 2.03% -4.54% 4.32% -123.93% 73.87% -68.88% -66.25% -175.62% -69.44% 91.26% 24.77% -19.43% -59.55% -41.81%     
      qoq
    		4.68% 26.20% -8.95% -4.88% -2.49% 31.59% 12.28% -15.35% 11.19% 36.65% 31.69% -22.33% 5.20% 16.80% 24.67% -38.99% 14.16% 7.43% 17.17% -29.63% 8.83% 38.18% -0.44% -36.72% 7.31% 16.52% 20.86% -22.54% 0.93% 21.21% 105.15% -45.25% 0.03% 22.25% 4.56% -20.20% -6.42% 33.59% -123.99% -679.76% -83.25% 44.85% -46.25% 134.26% 4.85% -5.50% -65.29% 17.60% 50.85%  
      net income margin %
    		                                                  
      net income per share
    		                                                  
      class a common stock – basic
    		3.93 3.75 2.97 3.26 3.43 3.52 2.67 2.38 2.81 2.53 1.85 1.41 1.81 1.72 1.47 1.19 1.94 1.7 1.58 1.35 1.92 1.76 1.27 1.28 2.02 1.88 1.62 1.34 1.73 1.71 1.41 0.69 1.26 1.26 1.03 0.99 1.23 1.32 0.99 0.65 1.06 1.21 0.83 0.54 1.01 1.05 0.99 0.75 0.98 0.95 
      class a common stock – diluted
    		3.5 3.34 2.65 2.91 3.06 3.13 2.38 2.12 2.51 2.25 1.65 1.25 1.61 1.53 1.31 1.05 1.72 1.51 1.41 1.2 1.71 1.57 1.13 1.14 1.8 1.68 1.44 1.19 1.54 1.52 1.26 0.61 1.12 1.12 0.91 0.87 1.09 1.17 0.87 0.58 0.94 1.07 0.74 0.47 0.9 0.94 0.88 0.67 0.87 0.84 
      class b common stock – basic and diluted
    		589 563 446 361 515 528 401 358 422 380 278 211 272 258 221 177 291 255 237   264 191    243    212    154    148    125   158 149 101.5 147 142 
      weighted-average shares outstanding – basic
    		                                                  
      class a common stock
    		46,189,068 46,189,063 46,188,903 6 46,189,059 46,189,042 46,189,014 19 46,189,037 46,189,026 46,188,819 38 46,189,025 46,188,845 46,188,761 77 46,189,035 46,188,289 46,188,860 115 46,189,030 46,187,808 46,188,789 69 46,189,006 46,188,994 46,188,337 115 46,188,941 46,188,705 46,187,908 722 46,188,949 46,180,852 46,188,522 -19 46,188,980 46,188,867 46,189,068 -2,397 46,189,068 46,189,068 46,189,068 -19,818 46,189,068 46,214,153 46,402,270 -47,320 46,656,911 46,693,333 
      class b common stock
    		2,542 2,542 2,542  2,542 2,542 2,542  2,542 2,542 2,542  2,542 2,542 2,542  2,542 2,542 2,542  2,542 2,542 2,542  2,542 2,542 2,542  2,542 2,542 2,542  2,542 2,542 2,542  2,542 2,542 2,542  2,542 2,542 2,542  2,542 2,542 2,542  2,542 2,542 
      weighted-average shares outstanding – diluted
    		                                                  
      dividends declared per share
    		                                                  
      net realized and unrealized investment losses
    		       -2,311,500 -2,227,000 -1,737,000 -5,282,000                                        
      interest expense
    		            115,000 895,000 999,000 1,050,000 1,034,000 1,039,000 1,009,000 723,000 3,000 2,000 3,000 24,000 111,000 272,000 449,000 596,000 709,000 602,000 553,000 438,000 377,000 257,000 166,000                
      net impairment (losses) recoveries recognized in earnings
    		           -238,000 -175,000 -38,000 -216,000   -1,000                                 
      net realized investment gains
    		               1,295,750 1,610,000 2,769,000 804,000 4,757,000 5,915,000 6,526,000 -10,806,000 602,000 1,696,000 1,302,000 2,503,000 -1,513,000 0 -32,000 -465,000 -205,000 899,000 124,000 516,000 643,000 718,000 399,000  243,492,000 -292,000,000 -7,000,000 56,000,000 89,000,000 -85,000,000 133,000,000 56,000,000 270,000,000 191,000,000 61,000,000 
      net impairment recoveries (losses) recognized in earnings
    		               -7,000 130,000  87,000                                
      equity in earnings (losses) of limited partnerships
    		                   -604,750 3,615,000     404,000      474,750 1,537,000  213,000                
      class b common stock – basic
    		                   185.5 287   191 303 283  200 259 257  104 189 189  148 185 197  97 160 181  81 151      
      class b common stock – diluted
    		                   185.5 287   192 303 283  201 259 257  103 189 188  148 185 197  97 159 180  81 151      
      equity in (losses) earnings of limited partnerships
    		                     -2,329,000        -219,000 -192,000     -69,750 -1,723,000  -670,000            
      equity in losses of limited partnerships
    		                      -3,705,000    -1,147,000                        
      equity in earnings of limited partnerships
    		                       636,500 3,289,000   90,250 772,000     149,000    2,114,000  -126,017,000 43,000,000 72,000,000 28,000,000 2,000,000 34,000,000 27,000,000 50,000,000 49,000,000 37,000,000 39,000,000 
      management fee revenue
    		                               394,034,000 435,214,000 441,319,000 392,058,000 372,169,000 411,139,000 416,665,000 367,458,000            
      commissions
    		                               226,943,000 248,677,000 251,383,000 220,478,000 216,837,000 232,455,000 235,794,000 208,714,000            
      salaries and employee benefits
    		                               59,168,000 60,499,000 60,774,000 59,740,000 51,777,000 53,265,000 55,025,000 53,289,000            
      all other operating expenses
    		                               57,333,000 52,480,000 53,363,000 52,564,000 54,314,000 50,431,000 47,306,000 45,060,000            
      earnings per share
    		                                                  
      net revenue from operations
    		                                  66,534,000 56,685,000 82,255,000 85,759,000 67,665,000            
      net realized investment losses
    		                                      -1,088,000            
      revenues
    		                                                  
      premiums earned
    		                                       1,077,000,000 1,472,000,000 1,434,000,000 1,402,000,000 1,382,000,000 1,355,000,000 1,319,000,000 1,288,000,000 1,267,000,000 1,241,000,000 1,215,000,000 
      total revenues
    		                                       1,145,750,000 1,346,000,000 1,632,000,000 1,605,000,000 1,589,000,000 1,426,000,000 1,598,000,000 1,511,000,000 1,697,000,000 1,577,000,000 1,426,000,000 
      benefits and expenses
    		                                                  
      insurance losses and loss expenses
    		                                       743,750,000 939,000,000 976,000,000 1,060,000,000 863,000,000 935,000,000 1,126,000,000 1,034,000,000 896,000,000 868,000,000 861,000,000 
      policy acquisition and underwriting expenses
    		                                       269,000,000 367,000,000 361,000,000 348,000,000 349,000,000 341,000,000 325,000,000 321,000,000 331,000,000 311,000,000 302,000,000 
      total benefits and expenses
    		                                       1,012,750,000 1,306,000,000 1,337,000,000 1,408,000,000 1,212,000,000 1,276,000,000 1,451,000,000 1,355,000,000 1,227,000,000 1,179,000,000 1,163,000,000 
      income from operations before income taxes and noncontrolling interest
    		                                       133,000,000 40,000,000 295,000,000 197,000,000 377,000,000 150,000,000 147,000,000 156,000,000 470,000,000 398,000,000 263,000,000 
      benefit from income taxes
    		                                       41,500,000 7,000,000 98,000,000 61,000,000 124,000,000 42,000,000 44,000,000 47,000,000 156,000,000 131,000,000 86,000,000 
      less: net income attributable to noncontrolling interest in consolidated entity – exchange
    		                                       55,250,000 -17,000,000 141,000,000 97,000,000 227,000,000 61,000,000 54,000,000 63,000,000 278,000,000 221,000,000 133,000,000 
      net income attributable to indemnity
    		                                       36,250,000 50,000,000 56,000,000 39,000,000 26,000,000 47,000,000 49,000,000 46,000,000 36,000,000 46,000,000 44,000,000 
      net income attributable to indemnity per share
    		                                                  
      weighted-average shares outstanding attributable to indemnity – basic
    		                                                  
      weighted-average shares outstanding attributable to indemnity – diluted
    		                                                  
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.