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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net premiums earned	412	380	454	479	545	611	637	697	768	794
Total revenues	439	407	480	511	593	632	662	735	817	847
Net investment income	9	11	13	14	12	6	12	26	37	37
Realized investment gains (losses)	2	1	(0)	4	22	(0)	(0)	(1)	(1)	–
Provision for credit losses	–	–	–	–	–	–	–	1	0	0
Losses and loss adjustment expenses	239	201	237	273	373	427	501	426	447	313
Policy acquisition costs	84	84	140	145	159	188	240	204	235	227
Selling, general and administrative	59	72	89	81	82	66	70	78	85	93
Gain on sale of real estate	–	–	(1)	0	(0)	(0)	0	0	0	–
Total benefits, losses and expenses	382	–	–	–	–	–	–	–	–	–
Operating income	57	50	70	50	10	(68)	(157)	63	94	267
Interest expense	0	13	20	9	8	8	9	11	11	8
Other non-operating income (expense)	–	(42)	(11)	(0)	–	–	–	–	–	–
Income before taxes	56	(6)	39	41	2	(76)	(166)	52	83	259
Income tax expense	23	(5)	12	12	(7)	(1)	(12)	7	21	64
Net income from continuing operations	34	(1)	27	29	9	(75)	(154)	45	62	196
Net income	34	(1)	27	29	9	(75)	(154)	45	62	196
Net income to common shareholders	34	(1)	27	29	9	(75)	(154)	45	62	196