AFLAC Incorporated Financial Ratios — AFL Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	16.14	19.82	20.64	17.9	14.05	13.93	20.43	12.15	12.61	15.29	12.67	16.55	22.12	22.64	13.12
Return on Assets (%)	1.78	2.32	2.5	2.45	2.13	2.14	3.45	2.1	2.25	3.01	2.62	3.05	3.61	4.46	3.12
Return on Capital (%)	13.62	16.63	16.81	14.64	11.76	11.68	- -	10.43	10.73	- -	10.7	13.44	16.97	17.83	10.69
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	13.35	17.02	20.21	19.87	18.56	18.08	18.6	18.35	19.99	18.68	24.17	25.42	27.93	33.55	26.12
Profit Margin (%)	8.77	11.34	13.25	13.05	12.17	11.82	21.31	13.45	14.86	21.46	19.64	23.07	24.73	28.46	21.01
Net Income to Common Margin (%)	8.77	11.34	13.25	13.05	12.17	11.82	21.31	13.45	14.86	21.46	19.64	23.07	24.73	28.46	21.01
Effective Tax Rate (%)	34.34	33.38	34.43	34.29	34.41	34.62	- -	26.69	25.67	- -	18.76	9.26	11.46	15.18	19.57
Dvd Payout Ratio (%)	28.5	21.04	20.11	22.16	25.9	24.75	14.36	27.16	23.34	16.09	20.21	22.16	20.73	19.97	32.86
Sustainable Growth Rate (%)	11.54	15.65	16.49	13.94	10.41	10.48	17.49	8.85	9.66	12.83	10.11	12.88	17.53	18.12	8.81

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	3,285	4,352	4,897	5,282	4,971	5,360	5,289	5,778	6,569	7,899	7,956	7,442	7,364	7,498	8,409
ST Debt	- -	- -	- -	300	- -	649	548	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	3,285	4,352	4,897	4,982	4,971	4,711	4,741	5,778	6,569	7,899	7,956	7,442	7,364	7,498	8,409
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	196	261	293	317	289	268	240	222	228	242	238	226	195	197	220
Common Equity/Total Assets	11.14	12.19	12.05	15.32	14.97	15.78	17.93	16.71	18.96	20.33	21.11	15.29	17.35	22.2	25.32
Long-Term Debt/Equity (%)	25.37	27.24	33.5	27.15	28.07	23	19.27	24.63	22.68	23.54	23.93	36.95	33.5	28.73	28.51
Long-Term Debt/Capital (%)	20.24	21.41	25.09	21.08	21.92	18.23	15.86	19.76	18.49	19.05	19.31	26.98	25.09	22.32	22.19
Long-Term Debt/Total Assets (%)	2.83	3.32	4.04	4.16	4.2	3.63	3.46	4.12	4.3	4.78	5.05	5.65	5.81	6.38	7.22
Total Debt/Equity (%)	25.37	27.24	33.5	28.79	28.07	26.17	21.5	24.63	22.68	23.54	23.93	36.95	33.5	28.73	28.51
Total Debt/Capital (%)	20.24	21.41	25.09	22.35	21.92	20.74	17.7	19.76	18.49	19.05	19.31	26.98	25.09	22.32	22.19
Total Debt/Total Assets (%)	2.83	3.32	4.04	4.41	4.2	4.13	3.85	4.12	4.3	4.78	5.05	5.65	5.81	6.38	7.22
Net Debt to Equity	7.93	14.41	16.06	3.32	3.39	2.34	7.22	6.09	5.22	7.76	8.38	16.64	13.35	4.49	7.07
Net Debt/Capital (%)	7.34	12.59	13.83	3.22	3.28	2.29	6.73	5.73	4.94	7.17	7.71	14.18	11.72	4.29	6.59
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	11.14	12.19	12.05	15.32	14.97	15.78	17.93	16.71	18.96	20.33	21.11	15.29	17.35	22.2	25.32
Long-Term Debt/Equity (%)	25.37	27.24	33.5	27.15	28.07	23	19.27	24.63	22.68	23.54	23.93	36.95	33.5	28.73	28.51
Long-Term Debt/Capital (%)	20.24	21.41	25.09	21.08	21.92	18.23	15.86	19.76	18.49	19.05	19.31	26.98	25.09	22.32	22.19
Long-Term Debt/Total Assets (%)	2.83	3.32	4.04	4.16	4.2	3.63	3.46	4.12	4.3	4.78	5.05	5.65	5.81	6.38	7.22
Total Debt/Equity (%)	25.37	27.24	33.5	28.79	28.07	26.17	21.5	24.63	22.68	23.54	23.93	36.95	33.5	28.73	28.51
Total Debt/Capital (%)	20.24	21.41	25.09	22.35	21.92	20.74	17.7	19.76	18.49	19.05	19.31	26.98	25.09	22.32	22.19
Total Debt/Total Assets (%)	2.83	3.32	4.04	4.41	4.2	4.13	3.85	4.12	4.3	4.78	5.05	5.65	5.81	6.38	7.22
CFO/Total Liabilities	10.5	12.99	9.89	6.46	6.74	5.48	5.44	5.14	4.41	4.53	4.06	3.48	3.05	2.96	2.94
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	32.95	30.52	22.26	22.53	26.9	32.74	28.88	25.87	26.49	27.42	29.35	29.04	25.21	23.51	21.51
Days Sales Outstanding	11.08	11.96	16.4	16.2	13.57	11.15	12.64	14.11	13.78	13.31	12.43	12.57	14.48	15.52	16.97
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	56,455	- -
- Cash & Cash Equivalents	2,249	2,041	2,543	4,658	4,350	4,859	3,491	4,337	4,896	5,141	5,051	3,943	4,306	6,229	6,245
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	3,285	4,352	4,897	5,282	4,971	5,360	5,289	5,778	6,569	7,899	7,956	7,442	7,364	7,498	8,409
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-7,545	- -
Total Capital	16,231	20,330	19,517	23,629	22,679	25,842	29,887	29,240	35,528	41,458	41,209	27,582	29,349	33,596	37,899
Total Debt/Capital (%)	20.24	21.41	25.09	22.35	21.92	20.74	17.7	19.76	18.49	19.05	19.31	26.98	25.09	22.32	22.19
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-0.99	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	58,000	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6,000	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	22,090	25,272	23,827	22,606	20,811	22,489	21,600	21,708	22,241	22,261	21,546	19,151	18,841	19,128	17,355
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	10,971	15,126	10,739	6,758	6,966	6,162	- -	6,177	5,624	- -	5,244	4,084	3,363	2,874	2,732
TTM Free Cash Flow to Firm	10,971	15,126	10,739	6,758	6,966	6,162	- -	6,177	5,624	- -	5,244	4,084	3,363	2,874	2,732

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.43	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-7,545	- -
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	102.65	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.61	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.87	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.59	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.61	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.16	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.22	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.36	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.16	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.16	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.22	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.36	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.16	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.02	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.09	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.3	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.02	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.33	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.85	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	23.3	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.33	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.95	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	23.4	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.43	- -
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	102.65	- -
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	112.12	- -
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6,168	- -
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2,336	- -
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-7,545	- -

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	933	936	919	885	849	812	781	755	727	692	652	615	578	550	519
Diluted Weighted Avg Shares	939	939	935	908	866	828	798	775	746	716	677	638	599	565	535
Basic Weighted Avg Shares	933	934	929	902	861	823	792	770	742	714	674	635	596	562	533
Revenue per Share	23.68	27.07	25.65	25.05	24.16	27.33	27.27	28.21	29.96	31.19	31.99	30.17	31.6	34.01	32.57
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	2.08	3.07	3.4	3.27	2.94	3.23	5.81	3.79	4.45	6.69	6.28	6.96	7.81	9.68	6.84
Basic EPS from Cont Ops	2.08	3.07	3.4	3.27	2.94	3.23	5.81	3.79	4.45	6.69	6.28	6.96	7.81	9.68	6.84
Diluted EPS, GAAP	2.06	3.05	3.38	3.25	2.92	3.21	5.77	3.77	4.43	6.67	6.25	6.93	7.78	9.63	6.82
Diluted EPS from Cont Ops	2.06	3.05	3.38	3.25	2.92	3.21	5.77	3.77	4.43	6.67	6.25	6.93	7.78	9.63	6.82
Dividend per Share	0.59	0.65	0.68	0.72	0.76	0.8	0.83	1.03	1.04	1.08	1.27	1.54	1.62	1.93	2.25
Cash Flow per Share	11.62	16.01	11.35	7.26	7.87	7.28	7.74	7.81	7.35	8.35	7.5	6.11	5.35	4.81	4.79
Free Cash Flow per Basic Share	11.62	16.01	11.35	7.26	7.87	7.28	7.74	7.81	7.35	8.35	7.5	6.11	5.35	4.81	4.79
Cash & Equivalents per Share	60.35	68	69.2	82.41	85	100.49	112.44	115.5	132.3	160.33	159.09	129.51	134.14	130	135.72
Book Value per Share	13.88	17.08	15.91	20.73	20.86	25.24	31.5	31.06	39.84	48.46	50.99	32.73	38	47.45	56.85
Tangible Book Value per Share	13.88	17.08	15.91	20.73	20.86	25.24	31.5	31.06	39.84	48.46	50.99	32.73	38	47.45	56.85