Q4 2020 Investor Presentation
Book Value & Tangible Book Value
$3,000
$2,750
BOOK VALUE ($ IN MILLIONS) (1)
$2,500
$2,250
$2,246
$2,000
$2,085
$1,750
$1,500
$1,250
$1,000
$1,151
$750
$500
2016
2017
2018
BOOK VALUE PER SHARE (1)
$2,000
$2,988
$2,976
$1,750
$1,500
$1,250
$1,000
TANGIBLE BOOK VALUE ($ IN MILLIONS)(1)(2)
$750
$750
$500
2019
2020
2016
$1,309
$1,136
2017
2018
$1,805
$1,789
2019
2020
TANGIBLE BOOK VALUE PER SHARE(1)(2)
$28.00
$26.00
$24.00
$22.00
$20.00
$27.53
$26.30
$18.00
$24.33
$22.65
$16.00
$20.00
$16.56
$15.89
$18.00
$18.40
$14.00
$14.18
$16.00
$14.00
$12.00
$12.34
$11.98
$12.00
$10.00
$10.00
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
(1)
As of December 31.
$5
(2)
Figures based on tangible book value (which excludes goodwill and other intangible assets) are non-GAAP measurements. See Appendix for non-GAAP
reconciliations.
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