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Fidelity & Guaranty Life (Fidelity & Guaranty Life) EBIT : $357 Mil (TTM As of Sep. 2017)


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What is Fidelity & Guaranty Life EBIT?

Fidelity & Guaranty Life's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2017 was $93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2017 was $357 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fidelity & Guaranty Life's annualized ROC % for the quarter that ended in Sep. 2017 was 0.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fidelity & Guaranty Life's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2017 was 19.46%.


Fidelity & Guaranty Life EBIT Historical Data

The historical data trend for Fidelity & Guaranty Life's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fidelity & Guaranty Life EBIT Chart

Fidelity & Guaranty Life Annual Data
Trend Dec10 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17
EBIT
Get a 7-Day Free Trial 520.00 212.00 206.00 175.00 357.00

Fidelity & Guaranty Life Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.00 169.00 41.00 54.00 93.00

Competitive Comparison of Fidelity & Guaranty Life's EBIT

For the Insurance - Life subindustry, Fidelity & Guaranty Life's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fidelity & Guaranty Life's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Fidelity & Guaranty Life's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fidelity & Guaranty Life's EV-to-EBIT falls into.



Fidelity & Guaranty Life EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $357 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fidelity & Guaranty Life  (NYSE:FGL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Fidelity & Guaranty Life's annualized ROC % for the quarter that ended in Sep. 2017 is calculated as:

ROC % (Q: Sep. 2017 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2017 ) + Invested Capital (Q: Sep. 2017 ))/ count )
=372 * ( 1 - 29.89% )/( (27622 + 28101.75)/ 2 )
=260.8092/27861.875
=0.94 %

where

Invested Capital(Q: Jun. 2017 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=28402 - 0 - ( 799 - 5% * 380 )
=27622

Invested Capital(Q: Sep. 2017 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=28965 - 0 - ( 885 - 5% * 435 )
=28101.75

Note: The EBIT data used here is four times the quarterly (Sep. 2017) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Fidelity & Guaranty Life's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2017 )
=357/1834.870
=19.46 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fidelity & Guaranty Life EBIT Related Terms

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Fidelity & Guaranty Life (Fidelity & Guaranty Life) Business Description

Traded in Other Exchanges
N/A
Address
Fidelity & Guaranty Life was incorporated in Delaware. Fidelity and Guaranty Life is engaged in selling of individual life insurance products and annuities through independent agents, managing general agents, and specialty brokerage firms and in selected institutional markets. Its products include FG Life-Elite and FG Life-Choice.
Executives
Christopher J Littlefield director, officer: Chief Executive Officer TWO RUAN CENTER, 601 LOCUST STREET, 14TH FLOOR, DES MOINES IA 50309
Dennis Robert Vigneau officer: EVP and Chief Financial Off UNKNOWN, UNKNOWN IL 60601
Andrew A. Mcknight director ONE MARKET PLAZA, SPEAR TOWER 42ND FLOOR, SAN FRANCISCO CA 94123
Currier John David Jr. officer: SVP, Chief Actuary 601 LOCUST STREET, 14TH FLOOR, DES MOINES IA 50309
Launer Leland C Jr director, officer: Chief Executive Officer
Joseph S Steinberg director C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Omar Asali director GOLDMAN SACHS HEDGE FUND STRATEGIES LLC, 32 OLD SLIP, 9TH FLOOR, NEW YORK NY 10005
Thomas A. Williams director 450 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10022
Cobb Clyde Landon Jr. officer: Chief Accounting Officer 1001 FLEET STREET, 6TH FLOOR, BALTIMORE MD 21202
Phillip J. Gass director, other: Chairman C/O NASSAU ASSET MANAGEMENT LLC, 1 AMERICAN ROW, HARTFORD CT 06102
Philip Falcone other: *See Remarks 450 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10022
Harbinger Group Inc. 10 percent owner 3001 DEMING WAY, MIDDLETON WI 53562

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