American Family 2010 Annual Report Download - page 13
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2010 AMERICAN FAMILY INSURANCE ANNUAL REPORT 11
American Family Insurance Group
Consolidated Statement of Income and Equity
GAAP basis - For the years ended Dec. 31 (in thousands)
Revenues 2010 2009
P/C premiums earned $5,378,823 $5,456,182
AFLIC premiums earned 326,782 320,175
Net investment income 565,632 531,459
Other revenues 50,237 52,314
Total Revenues $6,321,474 $6,360,130
Losses and Expenses
P/C losses incurred $3,270,457 $3,592,968
P/C expenses incurred 2,100,062 2,109,168
L ife in sur an ce bene f it s incu r re d 286 ,518 285 ,008
Other expenses 174,235 175,055
Total Losses and Expenses 5,831,272 6,162,199
Gain (loss) from Operations 490,202 197,931
Realized capital gains (losses) 170,366 93,279
Income (loss) before Taxes 660,568 291,210
Tax expense (benefit) 173,508 34,273
Net Income (loss) $487,060 $256,937
Statement of Equity
Beginning equity balance $4,826,146 $4,162,986
Net income (loss) 487,060 256,937
Change in unrealized gains (losses)
Bonds (73,158) 424,729
Stocks 188,522 263,941
Tax impact of unrealized gains (41,456) (249,064)
Other changes in equity, net of tax 44,614 (33,383)
Other comprehensive income (loss) 118,522 406,223
Change in Equity 605,582 663,160
Ending Equity $5,431,728 $4,826,146