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XYZ Property & Casualty Company - Income Statement
(in millions of dollars, except per share amounts)
    
2003

2002

2001
Income Statement



Revenue



Premium Revenue
34,023
26,650.5
21,485.4
Interest Income/(Expense), Gross
1,395.9
1,365.6
1,240.8
Net Gain/(Loss) on Sale of Securities
38.1
-235.8
-335.7
Service Revenues
125.4
102.9
74.1
Other Fees and Commissions
93.6
0
0
Revenue - Total
35,676
27,883.2
22,464.6
Expense



Losses and Loss Adjustment Expenses
22,921.2
18,897.3
15,792.3
Policy Acquisition Costs
3,747.3
3,094.8
2,594.7
Underwriting Expenses - Other
3,030.3
2,622.6
2,060.7
Investment Expenses
34.5
34.5
38.1
Service Expenses
77.1
66
59.4
Interest Expense
286.5
223.8
156.6
Expense - Total
30,096.9
24,939
20,701.8
Income/(Loss) from Continuing Operations Before Income Taxes
5,579.1
2,944.2
1,762.8
Provision for Income Taxes



Provision for Income Taxes - Total
1,812.9
942.3
528.6
Net Income
3,766.2
2,001.9
1,234.2
Net Income Per Common Share



Basic Earnings Per Share Details



Weighted Average Shares Outstanding - Basic
650.4
657
663
Basic Earnings Per Share
5.79
3.05
1.86
Diluted Earnings Per Share Details



Weighted Average Shares Outstanding - Diluted
650.4
657
663
Net Effect of Diluted Stock Based Compensation
11.1
12.6
12.6
Total Equivalent Shares
661.5
669.6
675.6
Diluted Earnings Per Share
5.69
2.99
1.83