Let's say your preferred allocation is 80:20 (equity: debt), markets reach new highs and
your equity unrealized gains may soar, this may result in higher % of equity investments corpus in your portfolio, so you may have to book some profits and move the monies to debt category, to maintain 80:20 ratio.
Not exact matches
Shareholders»
equity of $ 22.979 billion decreased 3 % from year - end 2017 due to the impact of higher interest rates on net
unrealized investment
gains.
Debt - to - capital ratio excluding net
unrealized investment
gains, net of tax, included in shareholders»
equity
The ratio of debt - to - capital excluding after - tax net
unrealized investment
gains included in shareholders»
equity was 23.4 %, within the Company's target range of 15 % to 25 %.
Adjusted shareholders»
equity is shareholders»
equity excluding net
unrealized investment
gains (losses), net of tax, included in shareholders»
equity, net realized investment
gains (losses), net of tax, for the period presented, the effect of a change in tax laws and tax rates at enactment (excluding the portion related to net
unrealized investment
gains (losses)-RRB-, preferred stock and discontinued operations.
Adjusted book value per share is total common shareholders»
equity excluding net
unrealized investment
gains and losses, net of tax, included in shareholders»
equity, divided by the number of common shares outstanding.
Debt - to - capital ratio excluding net
unrealized gain on investments, net of tax, included in shareholders»
equity, is the ratio of debt to total capitalization excluding the after - tax impact of net
unrealized investment
gains and losses included in shareholders»
equity.
Reconciliation of Shareholders»
Equity to Tangible Shareholders»
Equity, Excluding Net
Unrealized Investment
Gains, Net of Tax
Net
unrealized investment
gains included in shareholders»
equity were $ 175 million pre-tax ($ 133 million after - tax), compared to $ 1.414 billion pre-tax ($ 1.112 billion after - tax) at year - end 2017.
Some of these measures exclude net realized investment
gains (losses), net of tax, and / or net
unrealized investment
gains (losses), net of tax, included in shareholders»
equity, which can be significantly impacted by both discretionary and other economic factors and are not necessarily indicative of operating trends.
Non-GAAP net income and non-GAAP diluted earnings per share exclude acquisition - related, stock - based compensation and other expenses, and
unrealized gains from marketable
equity securities.
Our fourth open position in the model trading account, PowerShares U.S. Dollar Bull Index ($ UUP) long, is also showing an
unrealized gain, but has a low correlation to the direction of the
equities markets either way.
Adjusted EBITDA is defined as net income / (loss) from continuing operations before interest expense, other expense / (income), net, provision for / (benefit from) income taxes; in addition to these adjustments, the Company excludes, when they occur, the impacts of depreciation and amortization (excluding integration and restructuring expenses)(including amortization of postretirement benefit plans prior service credits), integration and restructuring expenses, merger costs,
unrealized losses / (
gains) on commodity hedges, impairment losses, losses / (
gains) on the sale of a business, nonmonetary currency devaluation (e.g., remeasurement
gains and losses), and
equity award compensation expense (excluding integration and restructuring expenses).
Open Trade
Equity: This refers to any
unrealized gains or losses on open futures positions, (those futures positions that have not been offset).
As for private
equity, they could not disclose changes in
unrealized capital
gains as part of their returns without being taxed on it.
In contrast, the typical private
equity fund will charge a management fee of, say, 2 %, and also allocate 20 % of profits from operations, realized
gains and
unrealized appreciation to the general partner after the limited partners receive a priority return of, say, 6 % to 10 %.
Another thing that's a large benefit for shareholders: Markel currently has $ 1.7 billion of
unrealized gains in their
equity portfolio.
Most insurers invest entirely in fixed income, so investors almost always look at returns based on net income excluding changes in comprehensive income (where the impact of the
equity portfolio shows up) over
equity ecxluding AOCI (
unrealized gains / losses).
But it will nevertheless come with two negative effects on economic growth: Consumers will have less
equity to tap through their
equity lines of credit, and they'll feel less wealthy based on their
unrealized gain, both of which will inhibit their spending.
Usually, you don't build up much
equity in the first few years of paying a mortgage, but if you've owned your home for a number of years, you may have significant
unrealized gains.