Investor Presentaiton
Supplemental
4Q 2023 Preliminary Results
GAAP to Core
Core Results: Adjusted EPS - Quarterly
Adjusted Earnings per Share ("Adjusted EPS")
Numerator ($ millions)
GAAP net income attributable to common shareholders
Discontinued operations, net of tax
Core OID
Repositioning Items
Change in fair value of equity securities
Tax on Core OID, Repo & change in fair value of equity securities
(assumes 21% tax rate)
Significant discrete tax items
Core net income attributable to common shareholders
Denominator
Weighted-average common shares outstanding - (Diluted, thousands)
Metric
GAAP EPS
Discontinued operations, net of tax
Core OID
Change in fair value of equity securities
Repositioning Items
Tax on Core OID, Repo & change in fair value of equity securities
(assumes 21% tax rate)
Significant discrete tax items
Adjusted EPS
4Q 23
3Q 23
2Q 23
1Q 23
4Q 22
3Q 22
QUARTERLY TREND
2Q 22
1Q 22
4Q 21
3Q 21
2Q 21
1Q 21
4Q 20
$
49
$
269
$
301
$
291
$
251
$
272
$
454
$
627
$
624
$
683
$
900
$
796
$
687
1
1
6
(1)
-
13
12
12
11
11
11
10
10
9
9
9
10
9
172
30
57
20
107
52
70
(74)
56
(25)
(65)
(49)
62
136
66
(21)
65
(19)
(17)
(111)
(23)
(21)
3
11
(4)
(20)
(31)
(16)
(20)
(26)
(13)
1
21
(94)
61
(78)
[a] $
137
S
252
S
291
$
250
$
327 $
346 $
570
S
687
$
705 $
782
$
868 S
790
S
606
[b]
306,730
305,693
304,646
303,448
303,062
310,086
324,027
337,812
348,666
361,855
373,029
377,529
378,424
$
0.16
0.00
$
0.88
$
0.99
$
0.96 $
0.83
$
-
-
0.00
-
0.88
0.00
$
1.40
$
1.86
$
1.79 $
1.89
$
-
0.02
2.41
(0.00)
2.11 $
1.82
0.04
0.04
0.04
0.04.
0.04
0.03
0.03
0.03
0.03
0.03
0.02
0.03
0.02
(0.24)
0.18
(0.08)
(0.21)
(0.16)
0.20
0.42
0.19
(0.06)
0.18
(0.05)
(0.04)
(0.29)
0.56
0.10
-
-
0.19
0.06
0.31
0.14
0.19
(0.08)
(0.07)
(0.31)
0.01
0.04
(0.01)
(0.06)
(0.09)
(0.05)
(0.06)
(0.07)
(0.03)
0.00
0.06
0.20
[a] / [b] $
0.45
$
0.83
$
0.96
$
0.82
$
1.08
$
1.12
$
1.76
$
2.03
$
2.02 $
2.16 $
(0.21)
2.33
2.09
$
1.60
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