American Family 2011 Annual Report Download - page 13

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11
American Family Insurance Group
CONSOLIDATED STATEMENT OF INCOME AND EQUITY
GAAP basis - For the years ended Dec. 31 (in thousands)
Revenues 2011 2010
P/C net premiums earned $5,271,591 $5,378,823
AFLIC premiums earned 327,285 326,782
Net investment income 511,621 565,632
Other revenues 40,740 50,237
Total Revenues $6,151,237 $6,321,474
Losses and Expenses 2011 2 010
P/C losses incurred $3,380,838 $3,270,457
P/C expenses incurred 2,207,046 2,100,062
Life insurance benefits incurred 293,546 28 6 , 51 8
Other expenses 148,260 174,235
Total Losses and Expenses 6,029,690 5,831,272
Gain (Loss) from Operations 121,547 490,202
Realized capital gains (losses) 248,923 170,366
Income (Loss) before Taxes 370,470 660,568
Tax expense (benefit) 75,247 173,508
Net Income (Loss) $295,223 $487,060
Statement of Equity 2011 2010
Beginning equity balance $5,431,728 $4,826,146
Net income (loss) 295,223 487,060
Change in unrealized gains (losses)
Bonds 292,469 (73,158)
Stocks (136,273) 188,522
Tax impact of unrealized gains (57,946) (41,456)
Other changes in equity, net of tax (114,050) 44,614
Other comprehensive income (loss) (15,800) 118,522
Change in Equity 279,423 605,582
Ending Equity $5,711,151 $5,431,728