Summary - Funding Rounds

Founding Date

1907
Reliance Standard is a subsidiary of Tokio Marine

Reliance Standard Revenue Breakdown

Embed Graph

Reliance Standard revenue breakdown by business segment: 24.1% from Group (Accident and Health), 5.3% from Life Insurance (Group), 5.5% from Annuities (Group), 60.5% from Individual Annuities (Ordinary) and 4.7% from Other

Reliance Standard Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.0b2.4b2.8b3.9b

Revenue growth, %

18%19%38%

Operating expense total

1.7b2.1b2.7b3.6b

Pre tax profit

285.7m315.7m173.5m300.6m

Income tax expense

76.2m82.6m42.4m72.8m

Net Income

124.5m166.0m118.3m245.1m

Half Year

USDH1, 2016H1, 2017H1, 2018

Revenue

1.1b1.4b1.8b

Operating expense total

984.6m1.3b1.6b

Pre tax profit

164.3m116.8m172.8m

Income tax expense

35.8m32.6m35.7m

Net Income

70.0m83.5m158.2m

Reliance Standard Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

162.1m435.3m340.7m313.3m

Total Assets

9.6b10.9b12.2b13.9b

Total Debt

55.3m55.3m55.3m55.3m

Total Liabilities

8.7b9.8b11.0b12.4b

Common Stock

6.0m6.0m6.0m6.0m

Preferred Stock

50.0m50.0m50.0m50.0m

Additional Paid-in Capital

187.9m187.9m227.9m227.9m

Total Equity

923.9m1.1b1.2b1.3b

Debt to Equity Ratio

0.1 x0.1 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x

Financial Leverage

10.4 x10.2 x10.6 x10.9 x

Half Year

USDH1, 2017H1, 2018

Cash

262.4m143.6m

Total Assets

11.6b13.1b

Total Debt

55.3m55.3m

Total Liabilities

10.5b11.9b

Common Stock

6.0m6.0m

Preferred Stock

50.0m50.0m

Additional Paid-in Capital

187.9m227.9m

Total Equity

1.1b1.2b

Debt to Equity Ratio

0.1 x0 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

11 x10.8 x

Reliance Standard Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash From Operating Activities

524.9m717.6m1.1b1.9b

Cash From Investing Activities

(1.9b)(952.0m)(1.1b)(1.7b)

Dividends Paid

(54.0m)(54.0m)(54.0m)54.0m

Cash From Financing Activities

1.4b507.6m(108.2m)(172.1m)

Net Change in Cash

72.2m273.2m(94.6m)(27.3m)

Half Year

USDH1, 2016H1, 2017H1, 2018

Cash From Operating Activities

338.9m547.1m843.6m

Cash From Investing Activities

(577.5m)(625.8m)(964.3m)

Dividends Paid

(52.0m)(52.0m)(52.0m)

Cash From Financing Activities

225.9m(94.2b)(76.4b)

Net Change in Cash

(12.6m)(172.9m)(197.1m)

Reliance Standard Ratios

USDFY, 2015

Debt/Equity

0.1 x

Financial Leverage

10.4 x

Reliance Standard Operating Metrics

FY, 2015H1, 2016FY, 2016H1, 2017FY, 2017H1, 2018FY, 2018

Net Earned Premiums

$1.54 b$867.25 m$1.80 b$1.09 b$2.20 b$1.45 b$3.16 b