Item 7.01 Regulation FD Disclosure.
Members of
During the conferences, the Company intends to address its prospects and
performance and intends to reaffirm its guidance range of
The Company has included Adjusted EPS in this current report, a financial measure that is not in accordance with Generally Accepted Accounting Principles ("GAAP"). Management believes that this measure, when presented in conjunction with the comparable measure of GAAP EPS, is useful to both management and its investors in analyzing the Company's ongoing business and operating performance. Consequently, management uses Adjusted EPS as an indicator of the Company's business performance, as well as for operational planning and decision making purposes. Adjusted EPS should be considered in addition to, but not as a substitute for, or superior to, GAAP EPS. A reconciliation of GAAP EPS to Adjusted EPS follows:
Diluted earnings per common share FY 2020 Guidance 4Q 2020 Guidance GAAP
$24.70 -$24.95 ($2.55 ) Amortization of identifiable intangibles ~0.51 ~0.15 Put/call valuation adjustments associated with the 0.37 - Company's non-consolidating minority interest investments Change in fair market value of publicly-traded (3.73) - equity securities Receipt of commercial risk corridor receivables (3.35) -
previously written off, net
Adjusted (non-GAAP) - FY 2020 and 4Q 2020
The Company plans to host a conference call and announce its financial results
for the fourth quarter and year ended
Cautionary Statement
This Current Report on Form 8-K includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, generally
including the words or phrases like "expects," "believes," "anticipates,"
"intends," "likely will result," "estimates," "projects" or variations of such
words and similar expressions that are intended to identify such forward-looking
statements. These forward-looking statements are not guarantees of future
performance and are subject to risks, uncertainties, and assumptions, including,
among other things, information set forth in the "Risk Factors" section of the
Company's
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