Company Quick10K Filing
Delphi Financial Group
10-Q 2012-03-31 Filed 2012-05-09
10-K 2011-12-31 Filed 2012-02-29
10-Q 2011-09-30 Filed 2011-11-08
10-Q 2011-06-30 Filed 2011-08-09
10-Q 2011-03-31 Filed 2011-05-10
10-K 2010-12-31 Filed 2011-03-01
10-Q 2010-09-30 Filed 2010-11-09
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-10
10-K 2009-12-31 Filed 2010-03-01

Delphi Financial Group Financials

DFP Metrics, Comps, Filings

Quarterly | Annual

Business

Delphi Financial Group, Inc. (the "Company" or "Delphi," which term includes the Company and its consolidated subsidiaries unless the context indicates otherwise) is a financial services company focused on specialty insurance and insurance-related businesses. The Company was organized as a Delaware corporation in 1987 and completed the initial public offering of its Class A common stock in 1990. The Company manages all aspects of employee absence to enhance the productivity of its clients and provides the related group insurance coverages: long-term and short-term disability, life, excess workers' compensation for self-insured employers, large casualty programs including large deductible workers' compensation, travel accident, dental and limited benefit health insurance. The Company's asset accumulation business emphasizes individual annuity products. The Company offers its products and services in all fifty states, the District of Columbia and Puerto Rico. The Company's two reportable segments are group employee benefit products and asset accumulation products. See Notes A and P to the Consolidated Financial Statements included in this Form 10-K for additional information regarding the Company's segments.

On December 21, 2011, Delphi entered into a merger agreement among Delphi, Tokio Marine Holdings, Inc., a Japanese corporation ("Tokio Marine"), and TM Investment (Delaware) Inc., a Delaware corporation and wholly owned subsidiary of Tokio Marine ("TM Sub"). The merger agreement provides that at the effective time of the merger, TM Sub will be merged with and into Delphi, with Delphi continuing as the surviving corporation and becoming an indirect wholly owned subsidiary of Tokio Marine. Pursuant to the merger agreement, at the effective time of the merger (1) each share of our Class A Common Stock (other than (i) shares of our Class A Common Stock owned by Delphi, Tokio Marine or any of their respective wholly owned subsidiaries, in each case not held on behalf of third parties, and (ii) shares in respect of which appraisal rights have been properly demanded and those demands not effectively withdrawn) will be converted into the right to receive $43.875 in cash, without interest and less any applicable withholding taxes, and (2) each share of our Class B Common Stock (other than (i) shares of our Class B Common Stock owned by Delphi, Tokio Marine or any of their respective wholly owned subsidiaries, in each case not held on behalf of third parties, and (ii) shares in respect of which appraisal rights have been properly demanded and those demands not effectively withdrawn) will be converted into the right to receive $52.875 in cash, without interest and less any applicable withholding taxes. In addition, the merger agreement provides that record holders of common stock immediately prior to the effective time of the merger will be entitled to receive a special dividend of $1.00 in cash per share that is contingent upon the completion of the merger and will be paid shortly after closing. The acquisition is subject to the approval of Delphi stockholders, including approval by the holders of a majority of the shares of our Class A Common Stock (other than shares of our Class A Common Stock owned, directly or indirectly, by holders of our Class B Common Stock, any holder of shares of our Class A Common Stock that were transferred to such holder by any holder of our Class B Common Stock after December 21, 2011, Tokio Marine, TM Sub or any officers or directors of Delphi, or any of their respective affiliates or "associates" (as defined in Section 12b-2 of the Securities Exchange Act of 1934, as amended)) and the approvals of various regulatory authorities in Japan and the U.S., as well as other customary closing conditions. We anticipate the completion of the merger in the second quarter of 2012, but we cannot be certain when or if the conditions to the closing of the merger will be satisfied or, to the extent permitted, waived.

The Company makes available free of charge on its website at www.delphifin.com/financial/secfilings.html its annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and all amendments to these reports as soon as reasonably possible after such material has been filed with or furnished to the Securities and Exchange Commission. Additional copies of the Company's annual reports on Form 10-K may be obtained without charge by submitting a written request to the Investor Relations Department, Delphi Financial Group, Inc., 1105 North Market Street, Suite 1230, P.O. Box 8985, Wilmington, Delaware 19899.


Valuation ($)

Market Cap, Enterprise Value

Balance Sheet ($)

Assets, Equity

Income Statement ($ Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($ Quarterly)

Ops, Inv, Fin

Comps ($ TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Golub Capital BDC (GBDC)
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MVC Capital (MVC)
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Tekla Healthcare Investors (HQH)
Barings BDC (BBDC)
Paringa Resources (PNRL) 0% 133,949,000,000 66,644,000,000 0 0 0 0 -12,038,002,000
Piedmont Lithium (PLL) 0% 6,783,145,000 2,144,071,000 0 0 0 0 -2,224,382,000
Neiman Marcus (NMS) 7% 10.9 -2% 7,359,000,000,000 6,981,939,000,000 4,688,651,000,000 315,500,000,000 -163,660,000,000 453,767,000,000 4,943,354,999,000
Greif (GEF) 21% 5.7 4% 5,426,700,000,000 4,214,300,000,000 4,595,000,000,000 959,900,000,000 194,200,000,000 471,000,000,000 2,678,999,999,000
Futures Portfolio Fund (FPF) -3.5 6% 270,766,003,000 5,707,105,000 0 0 17,342,917,000 17,342,917,000 -60,571,840,000
Delphi Financial Group (DFP) 0% -0.0 2% 8,634,408,000,000 6,854,525,000,000 1,925,794,000,000 0 183,130,000,000 273,379,000,000 -1,000
Scully Royalty (SRL) 0% 506,913,000,000 112,507,000,000 0 0 0 0 -281,002,000
GS Acquisition Holdings (GSAH) -59.0 1% 705,562,140,000 25,384,504,000 0 0 9,914,982,000 11,926,990,000 -704,114,720,000
Inflarx (IFRX) 0% 159,214,000,000 7,824,000,000 0 0 0 0 -1,000

Balance Sheet ($)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-31
Cash
Accounts Receivable
Inventory
PP&E
Assets7,285,884,000,0007,793,784,000,0007,760,376,000,0007,905,050,000,0008,169,717,000,0008,537,174,000,0008,634,408,000,000
Accounts Payable
Long-Term Debt
Liabilities5,785,532,000,0006,144,070,000,0006,161,009,000,0006,309,174,000,0006,489,136,000,0006,809,016,000,0006,854,525,000,000
Stockholders' Equity1,498,970,000,0001,648,292,000,0001,594,733,000,0001,590,321,000,0001,674,436,000,0001,720,829,000,0001,882,661,000,000
Income Statement ($)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-31
Revenue416,714,000,000441,337,000,000462,490,000,000466,721,000,000494,710,000,000473,719,000,000490,644,000,000
Cost of Revenue
Gross Profit
R&D
SG&A
Tax10,619,000,00015,982,000,00014,709,000,00016,395,000,00016,175,000,0007,995,000,00012,508,000,000
Net Income36,959,000,00046,179,000,00052,396,000,00050,371,000,00053,514,000,00041,235,000,00038,010,000,000
Cash Flow ($)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-31
Cash Operating120,288,000,000109,804,000,000117,439,000,00080,221,000,000126,086,000,000153,200,000,000
Cash Investing-212,835,000,000-198,642,000,000-95,745,000,000-199,358,000,000-250,277,000,000-203,121,000,000
Cash Financing101,910,000,00084,396,000,000-1,475,000,000116,383,000,000124,975,000,00052,764,000,000