ETR:HFF Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	24,030	22,567	21,026	19,390	17,999
Total Interest & Dividend Income	2,608	2,445	2,119	1,656	1,540
Gain (Loss) on Sale of Investments	-100	-61	-188	-627	509
Other Revenue	1,830	1,609	1,596	1,937	2,301
Total Revenue	28,368	26,560	24,553	22,356	22,349
Revenue Growth (YoY)	6.81%	8.17%	9.83%	0.03%	9.05%
Policy Benefits	15,238	14,874	14,238	13,138	12,720
Policy Acquisition & Underwriting Costs	2,516	2,282	2,044	1,824	1,668
Amortization of Goodwill & Intangibles	71	71	71	71	71
Selling, General & Administrative	5,577	5,258	4,881	4,841	4,791
Total Operating Expenses	23,402	22,485	21,234	19,874	19,250
Operating Income	4,966	4,075	3,319	2,482	3,099
Interest Expense	-199	-224	-225	-207	-193
EBT Excluding Unusual Items	4,767	3,851	3,094	2,275	2,906
Merger & Restructuring Charges	-7	-2	-6	-13	-1
Pretax Income	4,760	3,849	3,088	2,262	2,905
Income Tax Expense	924	738	584	443	534
Earnings From Continuing Ops.	3,836	3,111	2,504	1,819	2,371
Net Income	3,836	3,111	2,504	1,819	2,371
Preferred Dividends & Other Adjustments	21	21	21	21	21
Net Income to Common	3,815	3,090	2,483	1,798	2,350
Net Income Growth	23.30%	24.24%	37.66%	-23.28%	36.50%
Shares Outstanding (Basic)	282	294	307	325	349
Shares Outstanding (Diluted)	287	299	312	330	354
Shares Change (YoY)	-4.05%	-4.14%	-5.46%	-6.95%	-1.80%
EPS (Basic)	13.51	10.51	8.09	5.54	6.73
EPS (Diluted)	13.32	10.35	7.97	5.46	6.64
EPS Growth	28.70%	29.86%	45.97%	-17.77%	39.50%
Free Cash Flow	-	5,764	4,005	3,833	3,960
Free Cash Flow Per Share	-	19.30	12.86	11.63	11.18
Dividend Per Share	2.160	1.930	1.745	1.580	1.440
Dividend Growth	11.92%	10.60%	10.44%	9.72%	10.77%
Operating Margin	17.51%	15.34%	13.52%	11.10%	13.87%
Profit Margin	13.45%	11.63%	10.11%	8.04%	10.51%
Free Cash Flow Margin	-	21.70%	16.31%	17.14%	17.72%
EBITDA	5,314	4,323	3,744	3,029	3,719
EBITDA Margin	18.73%	16.28%	15.25%	13.55%	16.64%
D&A For EBITDA	348	248	425	547	620
EBIT	4,966	4,075	3,319	2,482	3,099
EBIT Margin	17.51%	15.34%	13.52%	11.10%	13.87%
Effective Tax Rate	19.41%	19.17%	18.91%	19.58%	18.38%
Revenue as Reported	28,368	26,535	24,527	22,362	22,390

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.