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ABOUT US2010 Financial Highlights
Financial SummaryOverview of 2010 Consolidated ResultsTrustmark’s GAAP earnings, which use Generally Accepted Accounting Principles to defer and amortize policy acquisition costs in the company’s voluntary products division, were $65.0 million in 2010. Excluding $4.8 million in HealthFitness non-recurring acquisition expenses, GAAP earnings were $69.8 million, down from $72.6 million in 2009, on a comparable basis. 
Trustmark’s statutory reported pretax operating gain was $44.0 million, down $7.3 million from $51.3 million reported in 2009, due primarily to HealthFitness acquisition expenses, lower earnings from Trustmark’s closed individual medical and disability blocks, and incrementally higher corporate expenses. On a statutory basis, Trustmark must deduct the entire acquisition cost of policies in the year they are written. For that reason, 2010 record sales in Trustmark Voluntary Benefit Solutions, where acquisition costs are highest, negatively impacted year-over-year statutory reported earnings. 
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© 2012 Trustmark Companies (Trustmark Mutual Holding Company) and its subsidiaries |
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