Finance & Insurance Industry (U.S.) Analytics, Extensive Financial

Finance & Insurance Industry (U.S.)

Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2027, NAIC 520000 Published May 27, 2021

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I. Introduction 2 A. Core Benefits to Customer: • Comprehensive overview of an industry's financial results, ratios, and vital metrics in one package (U.S. data) • Benchmarking of: 1. Deep financials of each of the leading companies in the industry 2. Multi-year financial averages for all companies in the industry 3. This industry’s financial ratios compared to all other industries • Historical revenues • Enterprise population • Multi-year employee count and sales per employee • Current and forecast revenues and CAGR to 2027 • Profiles of the industry's leading firms, with multi- year financial histories II. Industry Description for this NAIC Code 3 • Types of business activities III. Industry Summary, Current Year (U.S. data) 5 • Revenues and CAGR 2020 • Revenue forecast to 2027 with CAGR • Historical revenues • Historical CAGR • Top U.S. companies, by revenues • Employment within the industry, 2020 and historic IV. Employment and Establishment Count (U.S. data) 7 • Number of firms and establishments, 2013-2019 • Employees, 2013-2019, with growth rates • Average annual sales per firm and per establishment, 2013-2019 • Annual sales per employee, 2013-2019 V. This Industry's Financial Data, U.S., With Revenue 10 Projections to 2027 A. Revenues, Historical and Projected 11 • Historical revenues & CAGR growth rates, 2012-2020 • Projected revenues & CAGR growth rates, 2021-2027 Average Annual Operating Ratio Estimates For the 12 Latest 6 Years Combined (Publicly-Held Companies) This Industry Compared to All Industries and GDP 15 D. Table of Companies Used in Creating Industry 18 Averages • Detailed, alphabetical listing of companies, with revenues, location, ticker symbol and exchange E. Industry Results and Benchmarks for Publicly- 60 Held Companies • Income statement averages, 2014-2019 • All income statement items, including, cost of sales, SGA, R&D, salaries and wages, and EBITDA, with ratios • Chart showing key expenses as a percent of revenues • Balance sheet averages, 2014-2019 • All items, including property plant and equipment, accumulated depreciation, goodwill, and long term debt, including ratios • Cash flow averages, 2014-2019 • All cash flow items Top 10* Companies Profiled & Ranked 67 A. Top Companies Ranked for Key Items: 68 • Approximate market capitalization • Employees • Revenues • Net income • 3-Year revenue growth (%) • 3-Year income growth (%) • Return on assets (%) • Return on equity (%) • Return on invested capital (%) Compare Top Publicly-Held Companies to Industry 69 Average, 2019* C. Corporate Profiles (Descriptions of the Top 81 Companies Within the Industry, Including Executive Listings and Multi-Year Financial Results) • Contact information, executive lists • Business descriptions • Key financial data for 6 years • Brands and divisions • Top salaries • Corporate culture • Charts comparing revenues vs. net income VII. Data Description and Sources 110 Copyright, Terms of Use, Limited Warranty 111 © Plunkett Research, Ltd. All Rights Reserved. www.plunkettresearch.com

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Introduction

Copyright ©, Plunkett Research, Ltd., All Rights Reserved. www.plunkettresearch.com P. O. Drawer 541737, Houston, Texas, 77254-1737, USA voice: 713.932.0000, fax: 713.932.7080, email: [email protected]

The purpose of this report is to provide estimates of vital industry-specific data, within the United States. A description of data sources can be found in the back of this report. Video: How to Use Plunkett Analytics

Core Benefits to Customer: 1. Comprehensive overview of an industry's financial results, ratios, vital statistics and metrics in one package 2. Comparisons of a) deep financials of the leading companies within an industry, b) all companies (public and private) to publicly-held companies, and c) one industry’s ratios to all other industries. 3. Historical industry data going back several years for key figures including revenues, enterprises and sales per employee. 4. Current and projected revenues, including forecasts for several years into the future.

The primary sources are as follows:

Plunkett Research database of company fundamentals on 25,000 leading corporations Plunkett Research database of industry statistics Industry associations and professional societies Forecasts, Primary Research and Secondary Research by the Plunkett Research staff U.S. Government Agency databases—multiple sources.

Plunkett Research has unique capabilities for creating industry reports, due to the industry databases and research that Plunkett Research has been conducting for more than 20 years. Our access to hundreds of industry tables from our own databases, along with our databases of public and private company information, industry trends analysis and other resources, have been utilized fully in preparing this report.

The following types of data will be found in this report:

Revenues—current, historical and projected Revenues—CAGR (compound annual growth rate) Employee count—current and historical Leading companies—profiles, financial results, and operating ratios for up to 10 top corporations per industry Top Companies Ranked—companies ranked in order to list top 10 by revenues, net income, employees, market capitalization, return on assets, return on equity, return on invested capital, 3-year profit growth and 3-year revenues growth Benchmarks: Comparison of this industry to the total for all industries Employment and establishment counts, current and historical Income and Balance Sheet Ratios

Similar reports are available from Plunkett Research for nearly all U.S. industries, by subscription or by individual report. See a complete list: https://www.plunkettresearch.com/plunkett-industry-analytics/ Also, we offer custom market research, surveys and data sets on a U.S. and global basis, see: https://www.plunkettresearch.com/custom- industry-market-research-and-surveys/

Industry Description

520000 Finance & Insurance

The Finance & Insurance sector comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities are identified:

1. Raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities. Establishments engaged in this activity use raised funds to acquire financial assets by making loans and/or purchasing securities. Putting themselves at risk, they channel funds from lenders to borrowers and transform or repackage the funds with respect to maturity, scale and risk. This activity is known as financial intermediation.

2. Pooling of risk by underwriting insurance and annuities. Establishments engaged in this activity collect fees, insurance premiums or annuity considerations; build up reserves; invest those reserves; and make contractual payments. Fees are based on the expected incidence of the insured risk and the expected return on investment.

3. Providing specialized services facilitating or supporting financial intermediation, insurance and employee benefit programs.

In addition, monetary authorities charged with monetary control are included in this sector.

The industries within the Finance & Insurance sector are defined on the basis of their unique production processes. In addition, the way in which these establishments acquire and allocate financial capital, their source of funds and the use of those funds provides a third basis for distinguishing characteristics of the production process. For instance, the production process in raising funds through deposit-taking is different from the process of raising funds in bond or money markets.

Most of the Finance & Insurance subsectors contain one or more industry groups of (1) intermediaries with similar patterns of raising and using funds and (2) establishments engaged in activities that facilitate, or are otherwise related to, that type of financial or insurance intermediation. Industries within this sector are defined in terms of activities for which a production process can be specified, and many of these activities are not exclusive to a particular type of financial institution. To deal with the varied activities taking place within existing financial institutions, the approach is to split these institutions into components performing specialized services. This requires defining the units engaged in providing those services and developing procedures that allow for their delineation. These units are the equivalents for finance and insurance of the establishments defined for other industries.

The output of many financial services, as well as the inputs and the processes by which they are combined, cannot be observed at a single location and can only be defined at a higher level of the organizational structure of the enterprise. Additionally, a number of independent activities that represent separate and distinct production processes may take place at a single location belonging to a multilocation financial firm. Activities are more likely to be homogeneous with respect to production characteristics than are locations, at least in financial services. The classification defines activities broadly enough that it can be used both by those classifying by location and by those employing a more top-down approach to the delineation of the establishment.

Establishments engaged in activities that facilitate, or are otherwise related to, the various types of intermediation have been included in individual subsectors, rather than in a separate subsector dedicated to services alone because these services are performed by intermediaries, as well as by specialist establishments, the extent to which the activity of the intermediaries can be separately identified is not clear.

The Finance & Insurance sector has been defined to encompass establishments primarily engaged in financial transactions; that is, transactions involving the creation, liquidation, change in ownership of financial assets or in facilitating financial transactions. Financial industries are extensive users of electronic means for facilitating the verification of financial balances, authorizing transactions, transferring funds to and from transactors' accounts, notifying banks (or credit card issuers) of the individual transactions and providing daily summaries. Since these transaction processing activities are integral to the production of finance and insurance services, establishments that principally provide a financial transaction processing service are classified to this sector, rather than to the data

Data includes estimates and forecasts. See "Data Description and Sources" section for details. 3 © Plunkett Research, Ltd. All Rights Reserved. www.plunkettresearch.com processing industry in the Information sector.

Legal entities that hold portfolios of assets on behalf of others are significant and data on them are required for a variety of purposes. Thus, these funds, trusts and other financial vehicles are the fifth subsector of the Finance & Insurance sector. These entities earn interest, dividends and other property income, but have little or no employment and no revenue from the sale of services. Separate establishments and employees devoted to the management of funds are classified in 523900 Other Financial Investment Activities.

Industry Summary

NAIC 520000 Title Finance & Insurance Industry (U.S.)

Revenues (2020) $4,759,027,860,475

Employees (2020) 6,206,743

Annual Revenue Growth Rate (2020) -3.40 %

CAGR*, Estimated (2014 through 2020) 2.98 %

Revenues (2027) $6,333,345,240,011

CAGR*, Estimated (2021 through 2027) 4.01 % * Compound Annual Growth Rate

Top U.S. Companies Operating Within This Industy Include:

Company Revenues (Whole Numbers) 2020 or latest year available *

Berkshire Hathaway Inc (Holding Co) $327,222,984,704

UnitedHealth Group Inc $240,269,000,704

Cigna Corporation $153,742,999,552

JPMorgan Chase & Co Inc $115,626,999,808

Express Scripts Holding Company $110,321,221,570

Zurich American Insurance Company $110,114,000,000

Anthem Inc $104,212,996,096

Bank of America Corporation $91,244,003,328

Wells Fargo & Company $85,063,000,064

State Farm Insurance Companies $79,400,000,000

*Note: "Summary" data above includes only activities and employees specific to this NAIC industry code, and only activities and employees within the U.S. “Leading Companies” data includes top companies headquartered in the U.S. that are designated with this NAIC as a primary industry code. Consequently, the total revenues of these Leading Companies may be significantly higher than the revenues assigned to the Industry Summary. In many industries, leading U.S.-based firms generate a significant amount of revenues outside the U.S. or outside of their primary industry code. Likewise, a significant number of their employees may be offshore and therefore not counted here. This will be especially true in manufacturing-based industries, such as electronics and apparel. CAGR and forecasted revenues are computed based on nominal GDP growth rate forecasts as published by the International Monetary Fund (IMF), as adjusted by Plunkett Research for this specific industry, based on our overall understanding of industry trends.

Employment and Establishments

(Where Available)

NAIC 520000 Title Finance & Insurance Industry (U.S.)

Industry Population Analyzed, U.S.

2011 2012 2013 2014 2015 2016 2017 2018 2019

Firms 233,563 234,841 234,839 236,036 237,408 237,973 247,016 256,650 267,366

Establishments (all major 467,537 474,510 472,242 470,951 470,062 476,985 495,110 514,420 535,900 business units)

Employees 5,751,800 5,834,300 5,886,100 5,930,900 6,037,800 6,142,100 6,266,200 6,314,000 6,425,200

Growth Rate, Employees -8.90 % 1.43 % 0.89 % 0.76 % 1.80 % 1.73 % 2.02 % 0.76 % 1.76 %

Data includes estimates and forecasts. See "Data Description and Sources" section for details. 7 © Plunkett Research, Ltd. All Rights Reserved. www.plunkettresearch.com Average Annual U.S. Sales (Whole Number)

Year Per Firm Per Establishment (all major business units)

2011 $16,093,696 $8,039,774

2012 $16,592,503 $8,211,840

2013 $17,231,933 $8,569,187

2014 $16,901,485 $8,470,858

2015 $18,220,620 $9,202,448

2016 $18,138,747 $9,049,618

2017 $18,443,124 $9,201,475

2018 $18,233,915 $9,097,098

2019 $18,426,146 $9,193,005

Data includes estimates and forecasts. See "Data Description and Sources" section for details. 8 © Plunkett Research, Ltd. All Rights Reserved. www.plunkettresearch.com Annual Sales Per U.S. Employee (Whole Number)

Year Per Employee

2011 $653,516

2012 $667,878

2013 $687,506

2014 $672,640

2015 $716,440

2016 $702,778

2017 $727,035

2018 $741,167

2019 $766,751

Industry Financial Data, U.S. Introduction

This section of this report provides estimates and forecasts of revenues, employees and other vital statistics for an industry sector, based on NAIC industry codes.

The historical and projected total revenues stated for an industry are for U.S. business operations specific to this NAIC (but not foreign subsidiaries of U.S.-based companies). This report used Plunkett Research algorithms and analysis to estimate and forecast revenues, both historical and for the future. Factors used include GDP growth, growth trends within the specific industry, government agency reports, the latest reported results of publicly-held companies, and industry analysis.

In addition, comparisons are provided between the industry sector for total companies and for publicly-held companies that have the same NAIC code as their primary industry code.

Publicly-held company revenues: You may see much higher total revenues for the public companies as a group than for the primary industry sector itself. This is due to the fact that many companies’ financial results include revenues from other industries. (That is, their revenues reflect operations in the primary sector, plus operations in other sectors.) Also, public companies’ results may include revenues generated outside of the U.S., in addition to U.S. revenues.

Publicly-held companies’ average operating metrics: This section provides average income statement, balance sheet and cash flow items, for several years, for publicly-held, U.S.-based companies. It includes companies that have recently reported at least $200,000 in annual revenues. (We use this criteria to better benchmark data on companies with actual operations, while eliminating shell companies, SPACs and emerging firms with insignificant revenues but high costs.)

Notes:

1) Publicly-held corporate data: Data availability will vary according to the reporting methods and reporting consistency of the companies involved. While publicly held companies are required by regulatory authorities to file financial reports on a continual basis, many companies fail to meet their reporting obligations in a timely manner due to various circumstances, including financial difficulties or disagreements with their auditors.

2) Industry Codes: NAIC codes (2012 North American Industry Classification codes) are used as a method of categorizing and organizing data for this report. For additional information regarding NAIC codes, see https://www.census.gov/naics .

3) Scope of Details Provided: Certain data, such as number of establishments within an industry, or line-item details on expenses for an entire industrial sector, rely heavily on U.S. government agency data. The more the industry is narrowed to a small niche, the less likely it becomes that line-items will be available. Complete details are most often available for higher level NAIC codes, such as 220000 Utilities, than for niche codes, such as 222232 Electric Bulk Power Transmission. Where we believe it will best serve the end user, we have used data from the nearest related NAIC. In such cases, we have noted the NAICs covered.

Revenues, Historical and Projected

NAIC 520000 Title Finance & Insurance Industry (U.S.)

Revenues - Historical (Millions of $)

2012 2013 2014 2015 2016 2017 2018 2019 2020

Revenues $3,896,600 $4,046,730 $3,989,359 $4,325,721 $4,316,532 $4,555,746 $4,679,728 $4,926,530 $4,759,028

Growth Rate, Revenues 3.85 % -1.42 % 8.43 % -0.21 % 5.54 % 2.72 % 5.27 % -3.40 %

Revenues - Projected (Millions of $)

2021 2022 2023 2024 2025 2026 2027

Revenues $5,001,739 $5,216,814 $5,425,487 $5,637,080 $5,851,289 $6,079,491 $6,333,345

Growth Rate, Revenues 5.10 % 4.30 % 4.00 % 3.90 % 3.80 % 3.90 % 4.18 %

Average Annual Operating Ratio Estimates For the Latest 6 Years Combined (Publicly-Held Companies)

If data is not available for this specific industry sector, then calculations are made using data for the nearest related industry code.

NAIC 520000 Title Finance & Insurance Industry (U.S.)

Revenues (%)

This Industry All Industries

Total Revenues 100 % 100 %

Non-operating Receipts as % of total revenues:

--Interest 32.58 % 6.79 %

--Fees and Other Revenues -38.64 % -8.21 %

Expenses as a % of Total Revenues

This Industry All Industries

Cost of Revenue 32.30 % 57.04 %

Officers Compensation 1.20 % 1.82 %

Other Salaries and Wages 9.15 % 9.62 %

Pensions, Profit Sharing and Stock Plans 0.50 % 0.55 %

Other Employee Benefits and Health Plans 0.85 % 1.19 %

Taxes Paid, General 1.49 % 1.87 %

Repairs 0.19 % 0.64 %

Bad Debts 1.90 % 0.52 %

Rent, Leases 0.76 % 1.73 %

Interest 6.21 % 2.34 %

Charitable Contributions 0.07 % 0.07 %

Net Loss on Investments 0.57 % 0.16 %

Other Expenses 39.33 % 15.85 %

Amortization 0.74 % 0.63 %

Depreciation and Depletion 1.19 % 2.37 %

Data includes estimates and forecasts. See "Data Description and Sources" section for details. 12 © Plunkett Research, Ltd. All Rights Reserved. www.plunkettresearch.com Profits and Income Taxes as a % of Total Revenues

This Industry All Industries

EBIT (Operating Earnings Before Interest and Taxes) 19.86 % 5.44 %

EBITDA (Operating Earnings Before Interest, Taxes, Depreciation & Amortization) 8.04 % 7.62 %

Net Income Before Income Taxes 39.94 % 5.59 %

Income Taxes Paid 7.54 % 1.04 %

Net Income After Tax 31.65 % 4.47 %

Multiple benchmarking data sets are provided in section of the report that follows this page.

I. The first two pages in this section enable you to:

1. Compare this industry’s metrics to all industries, both in dollar amounts and as a percentage 2. Compare this industry to the total results of publicly-held, U.S.-based companies with the same primary NAIC code as this industry

II. The next portion of this section is comprised of a time series containing average operating results and financial data for publicly-held, U.S.-based firms in this industry. The data includes:

1. Six-year time series of Income Statement averages 2. Six-year time series of Balance Sheet averages 3. Six-year time series of Cash Flow statement averages

This Industry Compared to All Industries and GDP

(Latest year available 2019)

NAIC 520000 Title Finance & Insurance Industry (U.S.)

Revenues (Millions of $) Publicly-Held, U.S. All Publicly-Held Based Companies U.S. Based with a Primary This Industry as a This Industry as a Companies in All NAIC 52 All NAIC Industry Percent of All U.S. GDP Percent of U.S. Industries (Total of Companies Code of 52(Total of Publicly-Held U.S. GDP Domestic and Domestic and based Companies International International Revenues) Revenues)*

Total $4,926,530 $21,433,220 22.99 % $2,786,121 $17,278,631 16.12 % Revenues

Data includes estimates and forecasts. See "Data Description and Sources" section for details. 15 © Plunkett Research, Ltd. All Rights Reserved. www.plunkettresearch.com Profits and Income Taxes (Millions of $)

All Publicly-Held Publicly-Held U.S. U.S. Based This Industry as a Percent of All Based Companies Companies in All Publicly-Held U.S. based Companies in NAIC 52 Industries

EBITDA (Operating Earnings Before Interest, $119,824 $2,512,866 Taxes, Depreciation & Amortization)

Net Income Before Income Taxes $590,180 $1,805,924

Income Taxes Paid $111,390 $339,252

Net Income After Tax $467,693 $1,445,552

Data includes estimates and forecasts. See "Data Description and Sources" section for details. 16 © Plunkett Research, Ltd. All Rights Reserved. www.plunkettresearch.com Profits and Income Taxes as a Percentage of Revenue (%)

All Publicly-Held Publicly-Held U.S. U.S. Based Based Companies Companies in All in NAIC 52 Industries

EBITDA (Operating Earnings Before Interest, Taxes, Depreciation & Amortization) 4.30 % 14.54 %

Net Income Before Income Taxes 21.18 % 10.45 %

Income Taxes Paid 4.00 % 1.96 %

Net Income After Tax 16.79 % 8.37 %

Revenues are estimates. Revenues, profits and income taxes for Publicly-Held companies represent the total for U.S.-based firms that Plunkett Research categorizes as having a primary industry code within this sector.

Companies Used in Creating This Study

NAIC 520000 Title Finance & Insurance Industry (U.S.)

(Data are in whole numbers) Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

1347 Property Insurance United NAS:PIH 2 $5,597,000 $58,220,000 Baton Rouge LA 524126 Holdings Inc States

180 Degree Capital United NAS:TURN 8 $18,951,032 $4,187,933 Montclair NJ 523910 Corporation States

1895 Bancorp of United NAS:BCOW 104 $15,530,000 $15,459,000 Greenfield WI 522110 Wisconsin Inc States

United 1st Constitution Bancorp NAS:FCCY 221 $55,573,000 $51,120,000 Cranbury NJ 522110 States

United 1st Source Corporation NAS:SRCE 1,175 $324,996,000 $310,956,000 South Bend IN 522110 States

United ACNB Corporation NAS:ACNB 374 $77,587,000 $73,043,000 Gettysburg PA 522110 States

Affiliated Managers West Palm United NYS:AMG 4,000 $2,239,600,128 $2,378,400,000 FL 523920 Group Inc Beach States

United Affirm Holdings Inc NAS:AFRM $264,367,000 San Francisco CA 522291 States

United AFLAC Incorporated NYS:AFL 11,729 $22,222,999,552 $21,688,999,936 Columbus GA 524114 States

AG Mortgage Investment United NYS:MITT 400 $117,683,000 $14,802,000 New York NY 525990 Trust Inc States

United AGNC Investment Corp NAS:AGNC 51 $771,000,000 $229,000,000 Bethesda MD 525990 States

Alcentra Capital United NAS:ABDC $9,747,399 New York NY 525990 Corporation States

United Alleghany Corporation NYS:Y 10,786 $9,040,715,776 $6,887,159,808 New York NY 524126 States

United Allegiance Bancshares NAS:ABTX 588 $192,960,000 $136,292,000 Houston TX 522110 States

AllianceBernstein Holding United NYS:AB 3,811 $266,292,000 $270,647,008 New York NY 523920 LP States

United Allied Minds Ltd PINX:ALLWF 112 $2,692,000 $5,561,000 Boston MA 523910 States

United Allstate Corporation (The) NYS:ALL 46,290 $44,674,998,272 $39,815,000,064 Northbrook IL 524126 States

United Ally Financial Inc NYS:ALLY 8,700 $6,665,999,872 $6,178,999,808 Detroit MI 522220 States

United Amalgamated Bank NAS:AMAL 398 $195,838,000 $178,055,008 New York NY 522110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

A-Mark Precious Metals United NAS:AMRK 220 $4,783,157,248 $7,606,247,936 Santa Monica CA 523130 Inc States

Ambac Financial Group United NAS:AMBC 93 $546,000,000 $507,540,000 New York NY 524126 Inc States

United AMEN Properties Inc PINX:AMEN 27 $4,607,214 Richardson TX 523910 States

United Amerant Bancorp Inc NAS:AMTB 829 $271,084,000 $272,032,000 Coral Gables FL 522110 States

America First Tax Exempt United NAS:ATAX 5 $53,742,516 $62,307,016 Omaha NE 523920 Investors LP States

United American Business Bank PINX:AMBZ 191 $84,013,904 $70,952,920 Los Angeles CA 522110 States

American Church United PINX:ACMC 2 $726,244 $718,419 Minnetonka MN 525990 Mortgage Company States

American Equity West Des United Investment Life Holding NYS:AEL 608 $2,012,304,000 $2,936,589,056 IA 524113 Moines States Company

American Express United NYS:AXP 56,400 $30,894,999,552 $28,864,999,424 New York NY 522320 Company States

American Financial United NYS:AFG 400 $8,237,000,192 $7,150,000,128 Cincinnati OH 524126 Group Inc States

American International United NYS:AIG 46,000 $49,792,000,000 $47,480,999,936 New York NY 524126 Group Inc (AIG) States

American National United NAS:AMNB 355 $92,513,000 $71,671,000 Danville VA 522110 Bankshares Inc States

American National United NAS:ANAT 4,597 $4,070,142,976 $3,326,382,080 Galveston TX 524126 Insurance Company States

American River Rancho United NAS:AMRB 102 $24,897,000 $22,159,000 CA 522110 Bankshares Cordova States

United Ameriprise Financial Inc NYS:AMP 12,500 $12,890,000,384 $12,924,000,256 Minneapolis MN 523920 States

United Ameris Bancorp NAS:ABCB 2,722 $699,196,992 $457,788,000 Moultrie GA 522110 States

United AMERISAFE Inc NAS:AMSF 434 $370,369,984 $377,752,992 DeRidder LA 524126 States

United AmeriServ Financial Inc NAS:ASRV 328 $50,215,000 $49,718,000 Johnstown PA 522110 States

United Ames National Corp NAS:ATLO 282 $53,877,544 $50,024,704 Ames IA 522110 States

United Anchor Bancorp NAS:ANCB 103 $22,417,000 Lacey WA 522110 States

Annaly Capital United NYS:NLY 189 ($1,992,135,936) $275,215,008 New York NY 525990 Management Inc States

United Anthem Inc NYS:ANTM 70,600 $104,212,996,096 $92,104,998,912 Indianapolis IN 524114 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

Anworth Mortgage Asset United NYS:ANH 12 ($40,005,000) $9,883,000 Santa Monica CA 525990 Corporation States

Apollo Global United NYS:APO 1,421 $2,931,848,960 $1,093,064,960 New York NY 523910 Management Inc States

Apollo Investment United NAS:AINV $84,031,000 $83,243,000 New York NY 522290 Corporation States

United Arbor Realty Trust Inc NYS:ABR 532 $349,385,984 $331,080,992 Unioncale NY 525990 States

United Ares Capital Corporation NAS:ARCC 737 $1,018,000,000 $1,048,000,000 New York NY 523920 States

Ares Commercial Real United NYS:ACRE 1,200 $77,259,000 $55,282,000 New York NY 525990 Estate Corporation States

United Ares Management LP NYS:ARES 1,200 $1,765,437,952 $958,460,992 Los Angeles CA 523920 States

Arlington Asset United NYS:AAIC 11 $28,757,000 ($77,694,000) Arlington VA 523920 Investment Corporation States

Arrow Financial United NAS:AROW 524 $116,604,000 $112,967,000 Glens Falls NY 522110 Corporation States

Rolling United Arthur J Gallagher & Co NYS:AJG 24,800 $7,119,699,968 $6,934,000,128 IL 524210 Meadows States

Artisan Partners Asset United NYS:APAM 440 $798,952,000 $828,635,008 Milwaukee WI 523920 Management Inc States

United Ashford ASE:AINC 123 $291,249,984 $195,520,000 Dallas TX 523920 States

United Associated Banc-Corp NYS:ASB 4,669 $1,216,497,024 $1,235,147,008 Green Bay WI 522110 States

United Associated Capital Group NYS:AC 39 $31,265,000 $22,779,000 Rye NY 523930 States

United Assurant Inc NYS:AIZ 14,200 $10,072,500,224 $8,000,699,904 New York NY 524126 States

Atlantic American United NAS:AAME 155 $198,179,008 $185,552,992 Atlanta GA 524113 Corporation States

United Atlantic Capital NAS:ACBI 204 $91,589,000 $84,613,000 Atlanta GA 522110 States

Atlantic Union United NAS:AUB 1,989 $660,643,968 $503,760,000 Richmond VA 522110 Bankshares Corp States

United Atlanticus Holdings Corp NAS:ATLC 319 $355,260,992 $158,908,000 Atlanta GA 522291 States

Atlas Financial Holdings United NAS:AFH 286 $232,854,300 $221,766,000 Schaumburg IL 524126 Inc States

Auburn National United NAS:AUBN 163 $29,841,000 $28,895,000 Auburn AL 522110 Bancorporation Inc States

United Avidbank Holdings Inc PINX:AVBH 15 $40,586,000 Palo Alto CA 522110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Axos Financial Inc NYS:AX 1,099 $488,540,000 $439,435,008 San Diego CA 522120 States

United B Riley Financial Inc NAS:RILY 982 $652,112,000 $422,991,008 Los Angeles CA 523930 States

Bain Capital Specialty United NYS:BCSF $94,713,000 $19,783,938 Boston MA 523910 Finance Inc States

United Banc of California Inc NYS:BANC 660 $258,582,000 $307,584,000 Santa Ana CA 522110 States

United BancFirst Corporation NAS:BANF 1,948 $413,307,008 $380,719,008 Oklahoma City OK 522110 States

United Bancorp 34 NAS:BCTF 57 $15,146,177 $29,209,824 Alamogordo NM 522110 States

United Bancorp Inc (The) NAS:TBBK 612 $245,415,008 $278,332,992 Wilmington DE 522110 States

Bancorp of New Jersey United ASE:BKJ 75 $27,221,000 Fort Lee NJ 522110 Inc States

United BancorpSouth Bank NYS:BXS 4,693 $930,625,024 $857,259,008 Tupelo MS 522110 States

United Bank First National Corp NAS:BFC 284 $77,645,000 $69,670,000 Manitowoc WI 522110 States

Bank of America United NYS:BAC 208,000 $91,244,003,328 $91,247,001,600 Charlotte NC 522110 Corporation States

Bank of Commerce United NAS:BOCH 214 $57,719,000 $51,565,000 Redding CA 522110 Holdings Inc States

Bank of Hawaii United NYS:BOH 2,124 $675,334,016 $650,028,032 Honolulu HI 522110 Corporation States

United Bank of Marin Bancorp NAS:BMRC 290 $104,764,000 $101,683,000 Novato CA 522110 States

Bank of New York Mellon United NYS:BK 48,400 $15,559,000,064 $15,536,000,000 New York NY 522110 Corporation States

United Bank of Princeton NAS:BPRN 178 $44,836,000 $43,131,000 Princeton NJ 522110 States

Bank of San Francisco United PINX:BSFO 39 $15,273,086 $13,717,145 San Francisco CA 522110 New States

Bank of South Carolina United NAS:BKSC 79 $20,295,690 $19,437,150 Charleston SC 522110 Corporation States

Bank of the James United NAS:BOTJ 160 $31,087,000 $27,883,000 Lynchburg VA 522110 Financial Group Inc States

United Bank OZK NAS:OZK 2,774 $987,081,984 $994,980,992 Little Rock AR 522110 States

United Bank7 Corp NAS:BSVN 78 $43,501,000 $40,962,000 Oklahoma OK 522110 States

BankFinancial United NAS:BFIN 242 $58,407,000 $66,854,000 Burr Ridge IL 522110 Corporation States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United BankUnited Inc NYS:BKU 1,511 $899,988,992 $1,182,114,944 Miami Lakes FL 522110 States

United Banner Corp NAS:BANR 2,198 $533,867,008 $499,568,992 Walla Walla WA 522110 States

Bar Harbor Bankshares United ASE:BHB 172 $118,879,000 $118,818,000 Bar Harbor ME 522110 Inc States

United Barings BDC Inc NYS:BBDC 26 $65,415,296 ($63,035,920) Charlotte NC 522290 States

United Bay Banks of Virginia Inc PINX:BAYK 172 $40,291,000 $37,529,000 Kilmarnock VA 522110 States

United BayCom Corp NAS:BCML 304 $77,105,000 $58,938,000 Walnut Crekk CA 522110 States

United BBX Capital Corporation NYS:BBX 7,185 $946,870,976 $947,593,024 Ft. Lauderdale FL 522110 States

United BCB Bancorp Inc NAS:BCBP 365 $87,995,000 $85,641,000 Bayonne NJ 522110 States

Berkshire Hathaway Inc United NYS:BRK.A 391,500 $327,222,984,704 $225,382,006,784 Omaha NE 524126 (Holding Co) States

Berkshire Hills Bancorp United NYS:BHLB 1,550 $447,908,992 $468,775,008 Pittsfield MA 522110 Inc States

United Best Hometown Bancorp PINX:BTHT 22 $2,841,000 Collinsville IL 522110 States

United BGC Partners Inc NAS:BGCP 5,200 $1,981,537,024 $1,834,185,984 New York NY 523120 States

United Black Knight Inc NYS:BKI 4,900 $1,177,200,000 $1,114,000,000 Jacksonville FL 522390 States

United Blackhawk Bancorp Inc PINX:BHWB 176 $47,238,000 $37,711,000 Beloit WI 522110 States

United BlackRock Inc NYS:BLK 16,200 $14,538,999,808 $14,197,999,616 New York NY 523920 States

BlackRock Science and United NYS:BSTZ $113,719,720 Wilmington DE 525990 Technology Trust II States

Blackstone Group Inc United NYS:BX 2,748 $7,421,450,752 $6,860,990,976 New York NY 523910 (The) States

Blackstone Mortgage United NYS:BXMT 29 $424,176,000 $396,484,000 New York NY 523910 Trust Inc States

United Blue Hills Bancorp Inc NAS:BHBK 228 $90,385,000 Norwood MA 522110 States

United Blue Valley Ban Corp PINX:BVBC 173 $30,251,000 Overland Park KS 522110 States

United BNCCORP Inc PINX:BNCC 275 $57,847,000 $47,387,000 Bismarck ND 522110 States

BOK Financial United NAS:BOKF 5,107 $1,747,213,056 $1,555,352,960 Tulsa OK 522110 Corporation States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

Boston Private Financial United NAS:BPFH 779 $329,623,008 $366,420,992 Boston MA 522110 Holdings Inc States

United Bridge Bancorp Inc NAS:BDGE 496 $167,590,000 $148,348,000 Bridgehampton NY 522110 States

United Bridgewater Bancshares NAS:BWB 160 $77,958,000 $67,281,000 Bloomington MN 522110 States

United Brigham Minerals Inc NYS:MNRL 41 $101,515,000 $67,264,000 Austin TX 523910 States

United Brighthouse Financial Inc NAS:BHF 1,330 $6,553,999,872 $8,922,999,808 Charlotte NC 524113 States

Broadridge Financial United NYS:BR 12,000 $4,362,200,064 $4,329,900,032 Lake Success NY 523991 Solutions Inc States

United Broadway Financial Corp NAS:BYFC 64 $11,350,000 $11,006,000 Los Angeles CA 522110 States

United Brookline Bancorp Inc NAS:BRKL 811 $283,092,992 $272,923,008 Brookline MA 522110 States

Daytona United Brown & Brown Inc NYS:BRO 10,083 $2,384,737,024 $2,009,857,024 FL 524210 Beach States

United BRT Realty Trust NYS:BRT 13 $27,761,000 $119,635,000 Great Neck NY 525990 States

Bryn Mawr Bank United NAS:BMTC 661 $228,808,992 $224,142,000 Bryn Mawr PA 522110 Corporation States

Business Development United GREY:BDVC $108,548,000 $45,934,000 New York NY 523999 Corp States

Business First United NAS:BFST 355 $90,906,000 $70,008,000 Baton Rouge LA 522110 Bancshares States

United Byline Bancorp NYS:BY 1,001 $263,098,000 $223,900,000 Chicago IL 522110 States

United C&F Financial Corp NAS:CFFI 643 $112,466,000 $107,279,000 West Point VA 522110 States

United Cadence Bancorp NYS:CADE 1,849 $782,097,984 $482,379,008 Houston TX 522110 States

United Caliber Home Loans Inc NYS:HOMS 5,952 $1,194,777,000 $1,239,079,000 Coppell TX 522292 States

California First National United PINX:CFNB 24 $15,340,000 $21,183,000 Irvine CA 522220 Bancorp States

Calvin B Taylor United PINX:TYCB 107 $22,184,786 $20,188,900 Berlin MD 522110 Bankshares Inc States

United Cambridge Bancorp NAS:CATC 321 $115,097,000 $96,577,000 Cambridge MA 522110 States

Camden National United NAS:CAC 639 $166,130,000 $155,388,992 Camden ME 522110 Corporation States

Canandaigua National United PINX:CNND 537 $152,950,358 $145,667,008 Canandaigua NY 522110 Corporation States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

Capital City Bank Group United NAS:CCBG 891 $150,616,992 $138,091,008 Tallahassee FL 522110 Inc States

Capital Financial United PINX:CPFH 21 $15,824,744 $15,071,185 Minot ND 523120 Holdings Inc States

Capital One Financial United NYS:COF 51,900 $27,830,999,040 $27,172,999,168 McLean VA 522110 Corporation States

Capital Southwest United NAS:CSWC 22 $48,873,000 $53,192,000 Dallas TX 523910 Corporation States

Capitol Federal Financial United NAS:CFFN 773 $225,870,000 $215,187,008 Topeka KS 522110 Inc States

CapStar Financial United NAS:CSTR 289 $92,022,000 $67,151,000 Nashville TN 522110 Holdings Inc States

Capstead Mortgage United NYS:CMO 14 ($22,796,000) $61,993,000 Dallas TX 525990 Corporation States

Fort United Cardiff Lexington PINX:CDIX 72 $4,541,142 $2,373,938 FL 523999 Lauderdale States

United Cardtronics plc NAS:CATM 1,987 $1,349,405,056 $1,345,243,008 Houston TX 522320 States

United Carlyle Group Inc (The) NAS:CG 1,775 $2,702,500,096 $1,808,600,064 Washington DC 523910 States

United Carolina Financial Corp NAS:CARO 441 $171,238,000 Charleston SC 522110 States

Carolina Trust United NAS:CART 80 $17,721,000 Lincolnton NC 522110 BancShares States

United Carter Bank & Trust NAS:CARE 977 $121,732,000 $119,905,000 Martinsville VA 522110 States

United Carver Bancorp Inc NAS:CARV 107 $21,331,000 $23,823,000 New York NY 522110 States

United Cashmere Valley Bank PINX:CSHX 230 $62,248,000 $57,016,000 Cashmere WA 522110 States

Cass Information United NAS:CASS 1,122 $151,956,000 $143,356,992 Bridgeton MO 522320 Systems Inc States

United Cathay General Bancorp NAS:CATY 1,219 $619,657,024 $597,265,984 Los Angeles CA 522110 States

United CB Financial Services Inc NAS:CBFV 266 $50,897,000 $44,833,000 Carmichaels PA 522110 States

United CBM Bancorp Inc NAS:CBMB 48 $8,227,701 $7,305,703 Baltimore MD 522110 States

United CBOE Global Markets Inc BATS:CBOE 823 $2,496,100,096 $2,768,800,000 Chicago IL 523210 States

United CBTX NAS:CBTX 500 $154,348,000 $138,648,000 Houston TX 522110 States

United CCF Holding Company PINX:CCFH 130 $23,282,252 Jonesboro GA 522110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United CCFNB Bancorp Inc PINX:CCFN 172 $26,590,000 Bloomsburg PA 522110 States

United Centene Corporation NYS:CNC 56,600 $74,638,999,552 $60,116,000,768 St. Louis MO 524114 States

CenterState Bank United NAS:CSFL 2,756 $746,776,000 $515,751,008 Winter Haven FL 522110 Corporation States

United Central Federal Corp NAS:CFBK 125 $33,188,000 $20,489,000 Fairlawn OH 522120 States

Central Pacific Financial United NYS:CPF 854 $225,618,000 $211,568,992 Honolulu HI 522110 Corporation States

Central Valley Community United NAS:CVCY 288 $75,175,000 $71,358,000 Fresno CA 522110 Bancorp States

United Century Bancorp Inc NAS:CNBKA 460 $112,313,000 $107,084,000 Medford MA 522110 States

Century Next Financial United PINX:CTUY $23,598,000 $14,730,000 Ruston LA 522110 Corp States

Charles Schwab United NYS:SCHW 19,700 $10,721,000,448 $10,131,999,744 Westlake TX 523120 Corporation (The) States

Chemung Financial United NAS:CHMG 362 $79,897,000 $82,691,000 Elmira NY 522110 Corporation States

Chesapeake Financial United PINX:CPKF 160 $49,029,648 $46,063,468 Kilmarnock VA 522110 Shares Inc States

United Chicopee Bancorp Inc NAS:CBNK 230 $92,030,000 $74,288,000 Chicopee MA 522110 States

Chimera Investment United NYS:CIM 39 $490,788,992 $452,740,000 New York NY 525990 Corporation States

ChoiceOne Financial United PINX:COFS 160 $28,984,000 Sparta MI 522110 Services Inc States

CIB Marine Bancshares United PINX:CIBH 183 $29,457,000 $29,190,000 Waukesha WI 522110 Inc States

United Cigna Corporation NYS:CI 73,700 $153,742,999,552 $48,568,999,936 Bloomfield CT 524114 States

Cincinnati Financial United NAS:CINF 5,148 $7,923,999,744 $5,407,000,064 Fairfield OH 524126 Corporation States

United CIT Group Inc NYS:CIT 3,609 $2,337,700,096 $2,458,099,968 New York NY 522110 States

Citba Financial United PINX:CBAF $19,562,616 $18,809,800 Mooresville IN 522110 Corporation States

United Citigroup Inc NYS:C 200,000 $74,285,998,080 $72,854,003,712 New York NY 522110 States

Citizens and Northern United NAS:CZNC 336 $72,692,000 $65,029,000 Wellsboro PA 522110 Corporation States

Citizens Community United NAS:CZWI 288 $56,193,000 $37,673,000 Eau Claire WI 522110 Bancorp Inc States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

Citizens Financial Group United NYS:CFG 18,000 $5,992,999,936 $5,680,999,936 Providence RI 522110 Inc States

Citizens Financial United PINX:CZFS 254 $58,326,000 $54,919,000 Mansfield PA 522110 Services Inc States

United Citizens First Corporation NAS:CZFC 95 $19,353,000 Bowling Green KY 522110 States

Citizens Holding United NAS:CIZN 290 $34,550,000 $34,741,280 Philadelphia MS 522110 Company States

United Citizens Inc NYS:CIA 400 $250,544,992 $244,006,000 Austin TX 524113 States

United City Holding Company NAS:CHCO 918 $224,296,000 $194,270,000 Cross Lanes WV 522110 States

United Civista Bancshares Inc NAS:CIVB 457 $105,656,000 $83,169,000 Sandusky OH 522110 States

United Clipper Realty NYS:CLPR 198 $116,165,000 $109,997,000 Brooklyn NY 523991 States

United CM Finance Inc NAS:CMFN $22,326,340 New York NY 523910 States

United CME Group Inc NAS:CME 4,360 $4,867,999,744 $4,309,400,064 Chicago IL 523210 States

CNA Financial United NYS:CNA 5,900 $10,766,999,552 $10,133,999,616 Chicago IL 524126 Corporation States

United CNB Bancshares Inc PINX:CNBN 301 $55,194,072 $48,575,940 Carlinville IL 522110 States

United CNB Corporation PINX:CNBZ 78 $142,200,000 $125,700,000 Cheboygan MI 522110 States

CNB Financial United NAS:CCNE 559 $139,282,000 $122,809,000 Clearfield PA 522120 Corporation States

United CNO Financial Group Inc NYS:CNO 3,300 $4,015,800,064 $4,313,500,160 Carmel IN 524113 States

United Coastal Carolina PINX:CCNB 31 $16,212,699 $14,088,246 Myrtle Beach SC 522110 States

United Coastal Financial Corp NAS:CCB 195 $50,269,000 $40,284,000 Everett WA 522110 States

CoastalSouth Hilton Head United PINX:COSO $30,776,000 $23,182,000 SC 522110 Bancshares Island States

Codorus Valley Bancorp United NAS:CVLY 363 $76,593,000 $75,932,000 York PA 522110 Inc States

United Cohen & Co ASE:COHN 94 $49,666,000 $49,386,000 Philadelphia PA 523999 States

United Cohen & Steers Inc NYS:CNS 328 $410,830,016 $381,111,008 New York NY 523920 States

United Colony Bankcorp Inc NAS:CBAN 370 $62,607,000 $50,417,956 Fitzgerald GA 522110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Colony NorthStar Credit NYS:CLNC $549,326,976 $473,363,008 Los Angeles CA 525920 States

Columbia Banking United NAS:COLB 2,162 $591,278,016 $565,876,992 Tacoma WA 522110 System Inc States

United Columbia Financial Inc NAS:CLBK 698 $204,007,008 $185,722,000 Fair Lawn NJ 522110 States

United Comerica Incorporated NYS:CMA 7,948 $3,343,000,064 $3,328,000,000 Dallas TX 522110 States

United Commencement PINX:CBWA $15,532,000 $15,304,000 Tacoma WA 522110 States

Commerce Bancshares United NAS:CBSH 4,835 $1,349,622,016 $1,324,678,016 Kansas City MO 522110 Inc States

Commercial National United PINX:CNAF 98 $17,692,000 $17,037,000 Latrobe PA 522110 Financial Corp (PA) States

Communities First United PINX:CFST 56 $26,163,668 $20,647,458 Fresno CA 522110 Financial Corporation States

United Community Bancorp Inc PINX:CMTV 136 $30,973,056 $30,033,220 Derby VT 522110 States

Community Bank of United PINX:CYSM 50 $12,003,000 $11,961,000 Santa Maria CA 522110 Santa Maria (CA) States

Community Bank System United NYS:CBU 3,038 $589,793,984 $569,432,000 DeWitt NY 522110 Inc States

Community Bankers United NAS:ESXB 243 $54,694,000 $51,149,000 Glen Allen VA 522110 Trust Corporation States

Community Capital United PINX:ALBY 35 $7,752,485 $6,824,591 Albany GA 522110 Bancshares Inc States

Community First United NAS:CFBI 81 $14,351,000 $14,655,000 Covington GA 522120 Bancshares Inc States

Community Savings United PINX:CCSB 16 $1,955,000 $1,655,000 Caldwell OH 522110 Bancorp States

Community Trust United NAS:CTBI 1,000 $195,068,992 $194,107,008 Pikeville KY 522110 Bancorp Inc States

Community West United NAS:CWBC 120 $37,964,000 $36,089,000 Goleta CA 522110 Bancshares States

Compass Diversified United NYS:CODI 4,160 $1,450,253,056 $1,691,672,960 Westport CT 523910 Holdings States

United Conifer Holdings NAS:CNFR 147 $95,998,000 $98,911,000 Birmingham MI 524298 States

United ConnectOne Bancorp Inc NAS:CNOB 166 $194,354,000 $162,954,000 Union NJ 522110 States

Consumer Portfolio United NAS:CPSS 1,010 $234,032,992 $287,422,016 Las Vegas NV 522220 Services Inc States

United Consumers Bancorp Inc PINX:CBKM 172 $20,791,000 $18,406,000 Minerva OH 522110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Cortland Bancorp NAS:CLDB 164 $29,111,000 $29,058,000 Cortland OH 522120 States

United CorVel Corporation NAS:CRVL 3,824 $595,740,032 $558,350,016 Irvine CA 524298A States

United County Bancorp NAS:ICBK 174 $54,175,000 $50,788,000 Manitowoc WI 522110 States

United Cowen Inc NAS:COWN 1,325 $1,049,443,008 $966,915,968 New York NY 523110 States

Peachtree United Crawford & Company NYS:CRD.A 9,000 $1,047,627,008 $1,122,978,944 GA 524291 Corners States

Credit Acceptance United NAS:CACC 1,609 $1,488,999,936 $1,285,799,936 Southfield MI 522220 Corporation States

United Croghan Bancshares Inc PINX:CHBH 207 $40,508,000 $38,239,000 Fremont OH 522110 States

United CSB Bancorp Inc PINX:CSBB 187 $33,273,000 $30,972,000 Millersburg OH 522120 States

United Cullen-Frost Bankers Inc NYS:CFR 4,217 $1,367,906,944 $1,309,177,984 San Antonio TX 522110 States

United CURO Group Holdings NYS:CURO 4,000 $1,018,956,032 $956,964,992 Wichita KS 522291 States

Currency Exchange United PINX:CURN 303 $41,784,044 $39,098,140 Orlando FL 522390 International Corp States

United Customers Bancorp Inc NYS:CUBI 867 $358,248,000 $316,875,008 Wyomissing PA 522110 States

United CVB Financial Corp NAS:CVBF 810 $484,352,992 $392,526,016 Ontario CA 522110 States

United CyrusOne Inc NAS:CONE 452 $981,299,968 $821,400,000 Carrollton TX 523910 States

United Dacotah Banks Inc PINX:DBIN 548 $115,863,000 $110,466,000 Aberdeen SD 522110 States

Daniels Corporate United PINX:DCAC $3,836,820 $2,053,655 Forest Hills NY 523910 Advisory Co Inc States

United Delmar Bancorp PINX:DBCP 161 $29,832,952 Delmar MD 522110 States

United Denmark Bancshares Inc PINX:DMKBA 94 $21,736,966 $20,262,932 Denmark WI 522110 States

Diamond Hill Investment United NAS:DHIL 129 $136,624,384 $145,627,744 Columbus OH 523920 Group Inc States

Dime Community United NAS:DCOM 457 $159,588,992 $155,848,992 Brooklyn NY 522120 Bancshares Inc States

United Dimeco Inc PINX:DIMC 142 $29,568,000 Honesdale PA 522110 States

Discover Financial United NYS:DFS 17,200 $11,459,000,320 $10,709,000,192 Riverwoods IL 522110 Services States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

DNB Financial United NAS:DNBF 150 $41,878,000 Downingtown PA 522110 Corporation States

United Donegal Group Inc NAS:DGICA 410 $812,156,480 $769,134,336 Marietta PA 524126 States

Donnelley Financial United NYS:DFIN 2,900 $874,700,032 $963,000,000 Chicago IL 523930 Solutions Inc States

United Dynex Capital Inc NYS:DX 20 ($136,647,008) $23,643,000 Glen Allen VA 525990 States

United Eagle Bancorp Inc NAS:EGBN 492 $349,744,000 $339,579,008 Bethesda MD 522110 States

Eagle Bancorp Montana United NAS:EBMT 298 $62,140,000 $43,066,000 Helena MT 522120 Inc States

Eagle Financial Services United PINX:EFSI 191 $37,253,000 $34,512,000 Berryville VA 522110 Inc States

United East West Bancorp Inc NAS:EWBC 3,300 $1,662,900,992 $1,548,019,968 Pasadena CA 522110 States

United Eaton Vance Corp NYS:EV 1,871 $1,683,251,968 $1,702,248,960 Boston MA 523920 States

United eHealth Inc NAS:EHTH 1,500 $506,200,992 $251,395,008 Santa Clara CA 524210 States

United Elevate Credit NYS:ELVT 695 $746,961,984 $786,681,984 Fort Worth TX 522190 States

United Ellington Financial LLC NYS:EFC 160 $81,623,000 $74,770,000 Old Greenwich CT 523920 States

Ellington Residential United NYS:EARN $27,544,000 ($5,787,000) Old Greenwich CT 525990 Mortgage REIT States

Elmira Savings Bank FSB United NAS:ESBK 125 $21,201,000 $21,088,000 Elmira NY 522120 (The) States

United Embassy Bancorp Inc PINX:EMYB 95 $35,641,000 $34,267,000 Bethlehem PA 522110 States

Emclaire Financial United NAS:EMCF 162 $31,345,000 $28,716,000 Emlenton PA 522110 Corporation States

United Emergent Capital Inc PINX:EMGC 9 $39,264,000 ($126,873,000) Boca Raton FL 524113 States

United Empire Bancorp Inc (NY) PINX:EMPK 58 $27,073,000 $26,973,000 Islandia NY 522110 States

United Employers Holdings Inc NYS:EIG 704 $835,900,032 $800,400,000 Reno NV 524126 States

ENB Financial United PINX:ENBP 280 $47,459,000 $43,557,000 Ephrata PA 522110 Corporation States

United Encore Capital Group Inc NAS:ECPG 7,300 $1,397,681,024 $1,362,029,952 San Diego CA 522390 States

Endonovo Therapeutics United PINX:ENDV 1 $310,164 $83,263 Woodland Hills CA 522220 Inc States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Enova International Inc NYS:ENVA 1,325 $1,174,756,992 $1,114,073,984 Chicago IL 522298 States

United Entegra Financial Corp NAS:ENFC 245 $55,315,000 Franklin NC 522120 States

United Enterprise Bancorp Inc NAS:EBTC 538 $132,176,000 $120,825,000 Lowell MA 522110 States

Enterprise Financial United NAS:EFSC 805 $287,892,992 $230,252,000 Clayton MO 522110 Services Corp States

United Envestnet Inc NYS:ENV 4,190 $900,126,976 $812,363,008 Chicago IL 523930 States

United Equitable Holdings Inc NYS:EQH 7,900 $9,591,000,064 $12,078,000,128 New York NY 525110 States

United Equity Bancshares NAS:EQBK 607 $148,122,000 $142,163,008 Wichita KS 522291 States

United Equus Total Return Inc NYS:EQS 1,100 $5,904,000 $4,082,000 Houston TX 523910 States

United Erie Indemnity Company NAS:ERIE 5,700 $2,516,604,928 $2,408,829,952 Erie PA 524126 States

United Esquire Financial Hldgs NAS:ESQ 86 $45,922,000 $35,594,000 Jericho NY 522110 States

United ESSA Bancorp Inc NAS:ESSA 262 $55,248,000 $56,072,000 Stroudsburg PA 522110 States

United Euronet Worldwide Inc NAS:EEFT 7,700 $2,750,108,928 $2,536,628,992 Leawood KS 522320 States

United Evans Bancorp Inc ASE:EVBN 250 $70,022,000 $61,352,000 Angola NY 522110 States

United Evercore Partners Inc NYS:EVR 1,900 $1,995,730,944 $2,053,234,944 New York NY 523110 States

United Everi Holdings Inc NYS:EVRI 1,400 $533,227,008 $469,515,008 Las Vegas NV 522320 States

United EVO Payments Inc NAS:EVOP 2,400 $485,777,984 $564,753,984 Atlanta GA 522320 States

United Exantas Capital Corp NYS:XAN 688 $56,472,000 $47,865,000 New York NY 525990 States

Exchange Bank (Santa United PINX:EXSR 430 $119,100,000 Santa Rosa CA 522110 Rosa, CA) States

United EZcorp Inc NAS:EZPW 4,900 $847,228,992 $813,515,008 Rollingwood TX 522298 States

United F & M Bank Corporation PINX:FMBM 173 $42,151,000 $40,646,000 Timberville VA 522110 States

Fannie Mae (Federal United National Mortgage PINX:FNMA 7,500 $21,693,999,104 $24,003,000,320 Washington DC 522294 States Association)

Farmers & Merchants United PINX:FMCB 365 $155,130,000 $139,634,000 Lodi CA 522110 Bancorp States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

Farmers & Merchants United NAS:FMAO 357 $63,571,000 $49,337,000 Archbold OH 522110 Bancorp Inc States

Farmers & Merchants United PINX:FMBL 747 $266,755,008 $257,222,000 Long Beach CA 522110 Bank of Long Beach (CA) States

Farmers Bank of United PINX:FBPA $9,737,000 $9,800,000 Appomattox VA 522110 Appomattox States

Farmers National Banc United NAS:FMNB 450 $110,980,000 $104,000,000 Canfield OH 522110 Corporation States

United Fauquier Bankshares Inc NAS:FBSS 141 $30,624,000 $29,539,000 Warrenton VA 522110 States

United FB Financial NYS:FBK $361,432,992 $334,710,016 Nashville TN 522110 States

West Des United FBL Financial Group Inc NYS:FFG 1,751 $774,681,024 $719,625,984 IA 524113 Moines States

Federal Agricultural United NYS:AGM 103 $194,076,992 $186,176,000 Washington DC 522294 Mortgage Corporation States

United Federal Life Group Inc PINX:FLFG 61 $20,818,000 Riverwoods IL 524113 States

United Federated Hermes Inc NYS:FHI 1,826 $1,192,460,909 $1,135,677,056 Pittsburgh PA 523920 States

Federated National United NAS:FNHC 357 $414,960,992 $396,092,992 Sunrise FL 524126 Holding Co States

United Fentura Financial Inc PINX:FETM 182 $42,675,000 $38,800,000 Fenton MI 522110 States

United FFBW NAS:FFBW 39 $9,491,000 $9,200,000 Brookfield WI 522110 States

United FFI Holdings PINX:FFHHF 124 $58,889,744 Los Angeles CA 522390 States

Fidelity D & D Bancorp United NAS:FDBC 189 $41,921,000 $39,675,000 Dunmore PA 522110 Inc States

Fidelity National Financial United NYS:FNF 25,063 $8,469,000,192 $7,593,999,872 Jacksonville FL 524127 Inc States

Fidelity National United NYS:FIS 55,000 $10,332,999,680 $8,423,000,064 Jacksonville FL 522320 Information Services Inc States

United Fidus Investment Corp NAS:FDUS $55,361,000 $55,202,000 Evanston IL 522290 States

United Fifth Third Bancorp NAS:FITB 19,869 $7,253,000,192 $6,151,000,064 Cincinnati OH 522110 States

United Financial Institutions Inc NAS:FISI 722 $169,940,992 $158,139,008 Warsaw NY 522110 States

United FineMark Holdings Inc PINX:FNBT $68,603,000 $64,400,000 Fort Myers FL 522110 States

First Acceptance United PINX:FACO 1,400 $292,691,008 $323,812,992 Nashville TN 524126 Corporation States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United First Advantage Bancorp PINX:FABK 98 $28,298,000 Clarksville TN 522110 States

First American Financial United NYS:FAF 18,412 $6,199,224,832 $5,747,844,096 Santa Ana CA 524127 Corporation States

United First Bancorp Inc NAS:FNLC 245 $66,682,000 $62,809,000 Damariscotta ME 522110 States

United First Bancshares Inc NAS:FBMS 697 $145,919,008 $102,344,000 Hattiesburg MS 522110 States

First Bank Williamstown United NAS:FRBA 221 $62,361,000 $58,396,000 Hamilton NJ 522110 NJ States

First Bankers Trustshares United PINX:FBTT 144 $32,983,000 $44,265,000 Quincy IL 522110 Inc States

United First Busey Corp NAS:BUSE 1,531 $403,638,016 $331,399,008 Champaign IL 522110 States

First Business Financial United NAS:FBIZ 301 $89,185,000 $83,426,000 Madison WI 522110 Services Inc States

United First Capital Inc NAS:FCAP 214 $36,721,000 $32,967,000 Corydon IN 522110 States

United First Choice Bancorp NAS:FCBP 181 $84,207,000 $58,412,000 Cerritos CA 522110 States

First Citizens United NAS:FCNCA 7,176 $1,727,229,952 $1,582,496,000 Raleigh NC 522110 BancShares Inc States

First Citizens Bancshares United PINX:FIZN 7,176 $1,582,496,000 Dyersburg TN 522110 Inc (TN) States

First Commonwealth United NYS:FCF 1,571 $355,347,008 $340,859,008 Indiana PA 522110 Financial Corporation States

First Community United NAS:FCBC 662 $114,064,000 $115,609,000 Bluefield VA 522110 Bancshares Inc States

First Community United NAS:FCCO 242 $46,033,000 $44,092,000 Lexington SC 522110 Corporation States

First Defiance Financial United NAS:FDEF 699 $160,207,008 $147,084,000 Defiance OH 522110 Corp States

First Farmers Financial United PINX:FFMR 380 $85,047,000 $80,865,000 Converse IN 522110 Corp States

United First Financial Bancorp NAS:FFBC 2,123 $615,627,008 $552,617,024 Cincinnati OH 522110 States

First Financial United NAS:FFIN 1,345 $386,955,008 $364,470,016 Abilene TX 522110 Bankshares Inc States

First Financial United NAS:THFF 957 $170,104,000 $154,784,992 Terre Haute IN 522110 Corporation States

First Financial Northwest United NAS:FFNW 158 $43,049,000 $44,053,000 Renton WA 522110 Inc States

United First Foundation Inc NAS:FFWM 485 $193,872,000 $176,304,000 Irvine CA 522110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

First Guaranty United NAS:FGBI 457 $68,759,000 $61,090,000 Hammond LA 522120 Bancshares Inc States

United First Hawaiian NAS:FHB 2,100 $679,652,992 $670,675,968 Honolulu HI 522110 States

First Horizon National United NYS:FHN 5,017 $1,818,203,008 $1,886,840,064 Memphis TN 522110 Corporation States

United First Internet Bancorp NAS:INBK 231 $78,614,000 $70,085,000 Indianapolis IN 522110 States

First Interstate United NAS:FIBK 2,473 $644,899,968 $575,800,000 Billings MT 522110 Bancsystem Inc States

First Keystone United PINX:FKYS 206 $34,321,000 $31,709,000 Berwick PA 522110 Corporation States

United First Merchants Corp NAS:FRME 1,891 $443,348,000 $415,316,000 Muncie IN 522110 States

First Mid-Illinois United NAS:FMBH 827 $178,203,008 $144,180,992 Mattoon IL 522110 Bancshares Inc States

United First Midwest Bancorp Inc NAS:FMBI 2,122 $751,361,024 $661,214,016 Chicago IL 522110 States

United First National Corp NAS:FXNC 154 $35,665,000 $35,974,000 Strasburg VA 522110 States

First Northern Community United PINX:FNRN 214 $54,331,000 $51,558,000 Dixon CA 522110 Bancorp States

United First Northwest Bancorp NAS:FNWB 197 $44,809,000 $42,711,000 Port Angeles WA 522120 States

United First of Long Island Corp NAS:FLIC 341 $110,780,000 $104,786,000 Glen Head NY 522110 States

First Republic Bank (San United NYS:FRC 4,812 $3,253,989,120 $2,967,464,960 San Francisco CA 522110 Francisco, CA) States

First Resource Bank United PINX:FRSB 50 $11,978,825 $10,488,980 Exton PA 522110 (Exton, PA) States

First Robinson Financial United PINX:FRFC 81 $12,548,000 Robinson IL 522120 Corporation States

First Savings Financial United NAS:FSFG 473 $84,083,000 $49,252,000 Clarksville IN 522120 Group Inc States

United First United Corp NAS:FUNC 319 $63,177,000 $59,424,000 Oakland MD 522110 States

United First US Bancshares NAS:FUSB 280 $41,998,000 $37,838,000 Birmingham AL 522110 States

First Western Financial United NAS:MYFW $63,909,000 $57,080,000 Denver CO 522110 Inc States

United FirstCash Inc NAS:FCFS 16,200 $1,864,439,040 $1,780,857,984 Fort Worth TX 522298 States

Firsthand Technology United NAS:SVVC ($72,053,216) $28,049,962 San Jose CA 523910 Value Fund Inc. States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Fiserv Inc NAS:FISV 44,000 $10,186,999,808 $5,823,000,064 Brookfield WI 522320 States

United Flagstar Bancorp Inc NYS:FBC 4,453 $981,000,000 $797,000,000 Troy MI 522110 States

FleetCor Technologies United NYS:FLT 8,700 $2,648,847,872 $2,433,491,968 Norcross GA 522320 Inc States

Flushing Financial United NAS:FFIC 474 $170,640,992 $176,628,992 Uniondale NY 522110 Corporation States

United FNB Corporation NYS:FNB 4,223 $1,211,000,064 $1,208,000,000 Pittsburgh PA 522110 States

United FNBH Bancorp Inc PINX:FNHM 86 $17,361,000 Howell MI 522110 States

United FNCB Bancorp NAS:FNCB 224 $43,880,000 $48,297,000 Dunmore PA 522110 States

Focus Financial Partners United NAS:FOCS 3,400 $1,218,340,992 $910,880,000 New York NY 523920 Inc States

Franklin Financial United NAS:FRAF 283 $56,520,000 $52,284,000 Chambersburg PA 522110 Services Corporation States

United Franklin Finl Network NYS:FSB 339 $128,935,000 $116,165,000 Franklin TN 522110 States

Franklin Resources Inc United NYS:BEN 9,600 $5,774,499,840 $6,319,099,904 San Mateo CA 523920 (Franklin Templeton) States

Freddie Mac (Federal United Home Loan Mortgage PINX:FMCC 6,912 $14,078,000,128 $15,564,999,680 McLean VA 522294 States Corporation)

Freedom Bank of Virginia United PINX:FDVA 73 $21,530,892 $19,896,150 Vienna VA 522110 (Fairfax) States

United frontdoor inc NAS:FTDR 2,300 $1,364,999,936 $1,259,000,064 Memphis TN 524128 States

Mountlake United FS Bancorp Inc NAS:FSBW 452 $90,269,000 $68,804,000 WA 522110 Terrace States

United FS KKR Capital Corp NYS:FSK $273,000,000 $585,000,000 Philadelphia PA 523910 States

Fulton Financial United NAS:FULT 3,500 $864,548,992 $825,980,992 Lancaster PA 522110 Corporation States

United FVCBankcorp Inc NAS:FVCB 124 $50,609,000 $41,475,000 Fairfax VA 522110 States

United Gain Capital Holdings Inc NYS:GCAP 741 $236,256,992 $359,820,000 Bedminster NJ 523210 States

United GAMCO Investors Inc NYS:GBL 189 $312,368,000 $341,455,008 Greenwich CT 523920 States

United Garrison Capital Inc NAS:GARS 79 ($13,705,000) $2,963,000 New York NY 523920 States

United Genworth Financial Inc NYS:GNW 3,100 $8,096,000,000 $8,430,000,128 Richmond VA 524113 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

GEO JS Tech Group United PINX:GJST 8 $710,927 Houston TX 523130 Corp States

German American United NAS:GABC 817 $190,726,000 $151,680,000 Jasper IN 522110 Bancorp Inc States

United Glacier Bancorp Inc NAS:GBCI 3,046 $608,841,984 $542,505,984 Kalispell MT 522110 States

United Gladstone Capital Corp NAS:GLAD 60 $32,095,000 $30,317,000 McLean VA 522290 States

Gladstone Investment United NAS:GAIN 70 $106,059,000 $71,604,000 Maclean VA 522290 Corporation States

United Glen Burnie Bancorp NAS:GLBZ 102 $13,882,000 $14,108,000 Glen Burnie MD 522110 States

United Global Arena Holding Inc PINX:GAHC 3 $477,773 $716,517 New York NY 523110 States

Greenwood United Global Healthcare REIT PINX:GBCS 166 $6,929,988 $3,623,391 CO 525920 Village States

United Global Payments Inc NYS:GPN 24,000 $4,911,891,968 $3,366,365,952 Atlanta GA 522320 States

United Globe Life Inc NYS:GL 3,196 $4,527,532,032 $4,303,751,168 McKinney TX 524113 States

United Goldman Sachs BDC Inc NYS:GSBD $43,288,000 $174,486,000 New York NY 523910 States

Goldman Sachs Group United NYS:GS 34,400 $33,294,000,128 $33,415,999,488 New York NY 523110 Inc (The) States

United Golub Capital BDC Inc NAS:GBDC ($12,658,000) $87,622,000 Chicago IL 522290 States

United Goosehead Insurance Inc NAS:GSHD 595 $77,486,000 $60,148,000 Westlake TX 524210 States

Grand River Commerce United PINX:GNRV 56 $10,678,000 $8,660,000 Grandville MI 522110 Inc. States

United Grandsouth Bancorpation PINX:GRRB 0 $42,278,000 $36,879,000 Greenville SC 522110 States

United Great Ajax Corp NYS:AJX $46,963,000 $41,590,000 Beaverton OR 525990 States

Great Southern Bancorp United NAS:GSBC 1,191 $211,348,992 $196,996,000 Springfield MO 522110 Inc States

United Great Western Bancorp NYS:GWB 1,666 $481,440,000 $481,446,016 Sioux Falls SD 522110 States

United Green Dot Corporation NYS:GDOT 1,200 $1,108,594,944 $1,041,758,016 Pasadena CA 522210 States

United GreenBox POS LLC PINX:GRBX 5 $10,002,857 $0 San Diego CA 522320 States

Greene County Bancorp United NAS:GCBC 186 $48,361,000 $42,395,000 Catskill NY 522110 Inc States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Greenhill & Co Inc NYS:GHL 405 $301,012,000 $351,984,992 New York NY 523110 States

United GreenSky LLC NAS:GSKY 1,174 $529,646,016 $414,672,992 Atlanta GA 522291 States

United GSV Capital Corp NAS:GSVC $1,617,836 Woodside CA 523920 States

Mount United Guaranty Bancshares Inc NAS:GNTY 467 $94,485,000 $83,092,000 TX 522110 Pleasant States

Guaranty Federal United NAS:GFED 229 $38,463,312 $39,545,240 Springfield MO 522110 Bancshares Inc States

United GWG Holdings Inc NAS:GWGH 130 $92,276,000 ($390,291) Minneapolis MN 524113 States

Hallmark Financial United NAS:HALL 486 $486,371,008 $379,268,000 Fort Worth TX 524126 Services Inc States

United Hamilton Bancorp Inc NAS:HBK 74 $16,391,343 Miami FL 522110 States

United Hamilton Lane NAS:HLNE 400 $252,179,008 $244,032,992 Bala Cynwyd PA 523930 States

Hancock Whitney United NAS:HWC 4,136 $1,210,530,944 $1,109,324,032 Gulfport MS 522110 Corporation States

Hanmi Financial United NAS:HAFC 633 $203,424,000 $205,532,992 Los Angeles CA 522110 Corporation States

Hannon Armstrong United Sustainable Infrastructure NYS:HASI 60 $141,514,000 $83,096,000 Annapolis MD 523110 States Capital Inc

Hanover Insurance United NYS:THG 4,300 $4,890,699,776 $4,494,300,160 Worcester MA 524126 Group Inc (The) States

United Harford Bank PINX:HFBK 81 $15,131,441 $14,580,413 Aberdeen MD 522110 States

Harleysville Financial United PINX:HARL 128 $27,654,000 $26,428,000 Harleysville PA 522120 Corp States

Hartford Financial United NYS:HIG 19,500 $20,739,999,744 $18,954,999,808 Hartford CT 524113 Services Group Inc (The) States

Harvest Capital Credit United NAS:HCAP $2,699,903 $9,411,718 New York NY 523910 Corporation States

United Hawthorn Bancshares Inc NAS:HWBK 294 $57,635,000 $54,189,000 Lee's Summit MO 522110 States

United HCI Group Inc NYS:HCI 413 $242,474,000 $231,292,000 Tampa FL 524126 States

United Heartland BancCorp PINX:HLAN 192 $48,232,000 $41,219,000 Gahanna OH 522110 States

Heartland Financial USA United NAS:HTLF 1,908 $549,937,024 $523,113,984 Dubuque IA 522110 Inc States

United Hennessy Advisors Inc NAS:HNNA 21 $42,715,000 $54,590,000 Novato CA 523920 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

Hercules Technology United NYS:HTGC 77 $236,526,000 $128,825,000 Palo Alto CA 522290 Growth Capital Inc States

United Heritage Commerce Corp NAS:HTBK 357 $142,056,000 $131,597,000 San Jose CA 522110 States

Heritage Financial United NAS:HFWA 884 $232,144,000 $218,611,008 Olympia WA 522292 Corporation States

United Heritage Global Inc PINX:HGBL 46 $26,168,000 $23,664,000 San Diego CA 523910 States

Heritage Insurance United NYS:HRTG 530 $511,304,992 $480,171,008 Clearwater FL 524126 Holdings Inc States

United Heritage NOLA PINX:HRGG 26 $4,529,000 $4,236,000 Covington LA 522110 States

United High Country Bancorp Inc PINX:HCBC 89 $15,636,000 $13,739,000 Salida CO 522110 States

United Higher One Holdings Inc NYS:ONE 14,741 $593,628,480 $425,495,648 New Haven CT 522320 States

Highlands Bankshares United PINX:HLND 211 $24,292,000 Abingdon VA 522110 Inc (VA) States

Highlands Bankshares United PINX:HBSI 147 $19,792,000 Petersburg WV 522110 Inc (WV) States

United Highlands REIT GREY:HHDS 10 $37,353,000 $43,509,000 Chicago IL 525920 States

United Hills Bancorporation PINX:HBIA 484 $122,251,000 $116,292,000 Hills IA 522110 States

United Hilltop Holdings Inc NYS:HTH 4,950 $1,601,997,952 $1,413,320,960 Dallas TX 524126 States

Hingham Institution for United NAS:HIFS 90 $75,730,000 $64,050,000 Hingham MA 522120 Savings States

United HMN Financial Inc NAS:HMNF 190 $37,006,000 $35,862,000 Rochester MN 522110 States

United HMS Holdings Corp NAS:HMSY 2,315 $626,395,008 $598,289,984 Irving TX 524292 States

United Home Bancorp Inc NAS:HBCP 143 $100,746,000 $105,505,000 Lafayette LA 522110 States

United Home BancShares Inc NAS:HOMB 1,920 $654,129,984 $655,340,032 Conway AR 522110 States

Home Federal Bancorp United NAS:HFBL 62 $17,409,000 $17,647,000 Shreveport LA 522120 Inc of Louisiana States

United HomeStreet Inc NAS:HMST 1,071 $263,822,000 $439,278,016 Seattle WA 522110 States

HomeTrust Bancshares United NAS:HTBI 590 $129,332,000 $120,011,000 Asheville NC 522120 Inc States

United Honat Bancorp Inc PINX:HONT 118 $28,266,000 Honesdale PA 522110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United HOPE Bancorp Inc NAS:HOPE 1,441 $511,303,008 $545,244,032 Los Angeles CA 522110 States

United HopFed Bancorp Inc NAS:HFBC 236 $36,374,000 Hopkinsville KY 522110 States

Horace Mann Educators United NYS:HMN 1,538 $1,430,484,992 $1,191,598,976 Springfield IL 524126 Corporation States

Horizon Technology United NAS:HRZN 19 $21,301,000 $14,900,000 Farmington CT 522290 Finance Corp States

United Houlihan Lokey Inc NYS:HLI 1,491 $1,084,385,024 $963,363,968 Los Angeles CA 523110 States

United Howard Bancorp Inc NAS:HBMD 307 $87,714,000 $81,300,000 Ellicott City MD 522110 States

United Humana Inc NYS:HUM 47,200 $64,888,000,512 $56,911,998,976 Louisville KY 524114 States

Hunt Companies Finance United NYS:HCFT $16,267,774 $4,991,579 New York NY 522292 Trust Inc States

Huntington Bancshares United NAS:HBAN 15,664 $4,666,999,808 $4,510,000,128 Columbus OH 522110 Incorporated States

Huntingdon United HV Bancorp NAS:HVBC 92 $7,937,000 $10,706,000 PA 522110 Valley States

United i3 Verticals Inc NAS:IIIV 542 $376,307,008 $323,508,000 Nashville TN 522320 States

IBERIABANK United NAS:IBKC 3,438 $1,209,558,016 $1,146,722,048 Lafayette LA 522110 Corporation States

United Icahn Enterprises LP NAS:IEP 74,225 $10,385,999,872 $11,223,000,064 New York NY 523910 States

United ICC Holdings NAS:ICCH 99 $59,918,344 $51,163,692 Rock Island IL 524298 States

United IF Bancorp Inc NAS:IROQ 110 $22,033,000 $21,596,000 Watseka IL 522110 States

Impac Mortgage Holdings United ASE:IMH 530 $90,628,000 $105,000,000 Irvine CA 525990 Inc States

Independence Holding United NYS:IHC 455 $374,448,000 $350,775,008 Stamford CT 524113 Company States

United Independent Bank Corp NAS:INDB 1,348 $502,747,008 $383,240,992 Rockland MA 522110 States

Independent Bank Corp United NAS:IBCP 994 $164,507,008 $152,971,008 Ionia MI 522110 (Ionia, MI) States

United Independent Bank Gr NAS:IBTX 1,469 $580,649,984 $368,352,992 McKinney TX 522110 States

Infinity Bank Santa Ana United PINX:INFT $3,565,000 $925,000 Santa Ana CA 522110 California States

United InsCorp PINX:IBTN $16,508,587 $17,371,772 Nashville TN 522110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Insperity Inc NYS:NSP 2,600 $4,314,804,224 $3,828,549,120 Kingwood TX 524292 States

Huntingdon United Integrated Ventures PINX:INTV 1 $279,143 $306,407 PA 523999 Valley States

Interactive Brokers Group United NAS:IBKR 1,643 $1,998,150,067 $1,903,000,064 Greenwich CT 523120 Inc States

InterContinental United NYS:ICE 5,631 $6,546,999,808 $6,275,999,744 Atlanta GA 523210 Exchange Inc (ICE) States

International Bancshares United NAS:IBOC 3,314 $588,598,016 $578,195,968 Laredo TX 522110 Corporation States

International Money United NAS:IMXI 786 $319,600,992 $273,900,992 Miami FL 522320 Express Inc States

United Invesco Ltd NYS:IVZ 6,790 $6,117,400,064 $5,314,100,224 Atlanta GA 523920 States

Invesco Mortgage Capital United NYS:IVR $408,051,008 ($26,120,000) Atlanta GA 525990 Inc States

United Investar Holding Corp NAS:ISTR 324 $71,045,000 $61,590,000 Baton Rouge LA 522110 States

United Investors Bancorp Inc NAS:ISBC 1,793 $708,486,016 $690,097,984 Short Hills NJ 522120 States

United Investors Title Company NAS:ITIC 402 $183,502,000 $156,259,008 Chapel Hill NC 524127 States

Iowa First Bancshares United PINX:IOFB 109 $18,580,000 Muscatine IA 522110 Corporation States

United Isabella Bank Corp PINX:ISBA 358 $58,477,000 $56,853,000 Mt. Pleasant MI 522110 States

United iStar Inc NYS:STAR 155 $479,496,000 $798,121,984 New York NY 525990 States

Jeff Davis Bancshares United PINX:JDVB 254 $45,043,372 $44,363,420 Jennings LA 522110 Inc States

United Jeffersonville Bancorp PINX:JFBC 127 $24,046,000 $22,781,000 Jeffersonville NY 522110 States

United JMP Group LLC NYS:JMP 209 $98,271,000 $141,288,992 San Francisco CA 523120 States

United John Marshall Bank PINX:JMSB 134 $50,003,000 $44,937,000 Alexandria VA 522110 States

JPMorgan Chase & Co United NYS:JPM 251,196 $115,626,999,808 $109,028,999,168 New York NY 522110 Inc States

Juniata Valley Financial United PINX:JUVF 177 $25,863,000 $24,807,000 Mifflintown PA 522110 Corporation States

Kansas City Life United PINX:KCLI 436 $510,104,000 $455,012,992 Kansas City MO 524113 Insurance Company States

Katahdin Bankshares United PINX:KTHN 180 $32,531,000 $30,674,000 Patten ME 522110 Corp States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Kbridge Energy Corp PINX:BMMCF 1 $240,083 $178,841 Las Vegas NV 523130 States

Kearny Financial United NAS:KRNY 552 $168,868,000 $134,556,000 Fairfield NJ 522120 Corporation States

United Kemper Corporation NYS:KMPR 8,900 $5,039,200,256 $3,725,100,032 Chicago IL 524126 States

United Kentucky Bancshares Inc PINX:KTYB 233 $48,157,000 $46,877,000 Paris KY 522110 States

Kentucky First Federal United NAS:KFFB 63 $9,682,000 $10,416,000 Hazard KY 522120 Bancorp States

United KeyCorp NYS:KEY 17,045 $6,368,000,000 $6,424,000,000 Cleveland OH 522110 States

Kinderhook Bank United PINX:NUBK $24,314,000 Kinderhook IL 522110 Corporation States

United Kingstone Companies Inc NAS:KINS 97 $145,563,024 $113,771,896 Hewlett NY 524126 States

United Kinsale Capital Group NAS:KNSL 275 $328,235,008 $222,114,000 Richmond VA 524126 States

United Kish Bancorp Inc PINX:KISB 259 $35,108,044 $32,075,572 Belleville PA 522110 States

United KKR & Co Inc NYS:KKR 1,384 $4,220,900,096 $2,395,835,904 New York NY 523910 States

United Lake Shore Bancorp Inc NAS:LSBK 116 $21,562,000 $20,408,000 Dunkirk NY 522110 States

United Lakeland Bancorp Inc NAS:LBAI 692 $220,452,992 $193,674,000 Oak Ridge NJ 522110 States

Lakeland Financial United NAS:LKFN 568 $200,044,000 $191,380,992 Warsaw IN 522110 Corporation States

United Landmark Bancorp Inc NAS:LARK 289 $46,163,000 $43,359,000 Manhattan KS 522110 States

United LCNB Corporation NAS:LCNB 332 $66,174,000 $58,639,000 Lebanon OH 522110 States

Ledyard Financial Group, United PINX:LFGP $28,765,520 $27,678,476 Hanover NH 522110 Inc. States

United Legg Mason Inc NYS:LM 3,059 $2,903,258,880 $3,140,322,048 Baltimore MD 523110 States

United LendingClub Corporation NYS:LC 1,538 $655,203,968 $595,436,032 San Francisco CA 522291 States

United LendingTree Inc NAS:TREE 1,107 $1,106,603,008 $764,865,024 Charlotte NC 522310 States

Leone Asset Panama City United PINX:LEON 4 $232,797 FL 525910 Management Beach States

Farmington United Level One Bancorp NAS:LEVL 253 $65,266,000 $57,479,000 MI 522110 Hills States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Liberty Bancshares Inc PINX:LBSI 72 $15,003,130 $13,960,209 Ada OH 522110 States

United Limestone Bancorp Inc NAS:LMST 251 $40,044,000 $38,627,000 Louisville KY 522110 States

Lincoln National United NYS:LNC 12,732 $17,258,000,384 $16,423,999,488 Radnor PA 524113 Corporation States

United Live Oak Bancshares NAS:LOB 635 $215,248,992 $211,808,000 Wilmington NC 522120 States

United LM Funding America NAS:LMFA 9 $2,889,648 $2,924,726 Tampa FL 522390 States

United Loews Corporation NYS:L 18,605 $14,931,000,320 $14,065,999,872 New York NY 524126 States

LPL Financial Holdings United NAS:LPLA 4,343 $2,042,224,000 $1,822,647,040 Boston MA 523930 Inc States

United Luther Burbank NAS:LBC 277 $133,082,000 $129,218,000 Santa Rosa CA 522110 States

United Lyons Bancorp Inc PINX:LYBC 224 $48,547,000 $44,641,000 Lyons NY 522110 States

United M&T Bank Corporation NYS:MTB 16,973 $6,191,943,168 $5,928,302,080 Buffalo NY 522110 States

Macatawa Bank United NAS:MCBC 325 $81,825,000 $75,927,000 Holland MI 522110 Corporation States

Mackinac Financial United NAS:MFNC 314 $58,314,000 $50,227,000 Manistique MI 522110 Corporation States

Madison County United PINX:MCBK 51 $14,957,000 Madison NE 522110 Financial Inc States

New United Magyar Bancorp Inc NAS:MGYR 110 $22,243,000 $21,500,000 NJ 522110 Brunswick States

Main Street Capital United NYS:MAIN 71 $173,232,000 $214,350,000 Houston TX 522290 Corporation States

Mainstreet Bancshares United NAS:MNSB 126 $44,298,000 $34,408,000 Fairfax VA 522110 Inc States

Malvern Federal Bancorp United NAS:MLVF 82 $31,667,000 $30,339,000 Paoli PA 522110 Inc States

Manhattan Bridge Capital United NAS:LOAN 5 $5,700,821 $5,523,790 Great Neck NY 522220 Inc. States

United Manning & Napier Inc NYS:MN 307 $136,000,992 $161,331,008 Fairport NY 523920 States

United Markel Corporation NYS:MKL 18,600 $9,523,926,016 $6,947,883,008 Glen Allen VA 524126 States

MarketAxess Holdings United NAS:MKTX 527 $511,352,000 $435,564,992 New York NY 523120 Inc States

Marlin Business Services United NAS:MRLN 348 $141,623,008 $116,888,000 Mount Laurel NJ 522220 Corp States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

Marquette National United PINX:MNAT 376 $74,952,000 $65,139,000 Chicago IL 522110 Corporation States

United Mars Bancorp Inc PINX:MNBP 75 $13,062,499 $12,665,077 Mars PA 522110 States

Marsh & McLennan United NYS:MMC 76,000 $16,652,000,256 $14,949,999,616 New York NY 524210 Companies Inc States

United MasterCard Inc NYS:MA 18,600 $16,883,000,320 $14,949,999,616 Purchase NY 522320 States

United MB Bancorp PINX:MBCQ 29 $4,302,000 Forest Hill MD 521110 States

United MBIA Inc NYS:MBI 93 $281,000,000 $159,000,000 Purchase NY 524126 States

MBT Financial United NAS:MBTF 284 $59,579,000 Monroe MI 522110 Corporation States

Medallion Financial United NAS:MFIN 191 $112,887,000 $87,868,000 New York NY 522220 Corporation States

United Medley Management Inc NYS:MDLY 65 $48,841,000 $56,509,000 New York NY 523920 States

United Melrose Bancorp Inc NAS:MELR 27 $8,110,000 Melrose MA 522110 States

United Mentor Capital Inc PINX:MNTR 53 $4,326,472 $5,281,533 Ramona CA 523910 States

Mercantile Bank United NAS:MBWM 683 $151,490,000 $139,092,000 Grand Rapids MI 522110 Corporation States

Merchants & Marine United PINX:MNMB $24,034,070 $22,735,740 Pascagoula MS 522110 Bancorp Inc States

United Merchants Bancorp NAS:MBIN 329 $164,852,992 $134,935,008 Carmel IN 522110 States

Mercury General United NYS:MCY 4,200 $3,972,517,888 $3,380,004,096 Los Angeles CA 524126 Corporation States

United Meridian Bank NAS:MRBK $66,855,000 $62,369,000 Malvern PA 522110 States

Meridian Interstate United NAS:EBSB 546 $186,251,008 $173,438,000 East Boston MA 522110 Bancorp Inc States

United Mesabi Trust NYS:MSB $47,033,792 $34,475,032 New York NY 523990 States

United Meta Financial Group Inc NAS:CASH 1,186 $452,447,008 $275,224,000 Sioux Falls SD 522120 States

United MetLife Inc NYS:MET 49,000 $69,619,998,720 $67,940,999,168 New York NY 524113 States

Metropolitan Bank United NYS:MCB 167 $108,239,000 $83,384,000 New York NY 522110 Holding States

United MFA Financial Inc NYS:MFA 66 $430,764,992 $347,876,992 New York NY 525990 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

MGIC Investment United NYS:MTG 724 $1,213,976,960 $1,123,847,936 Milwaukee WI 524126 Corporation States

United Mid Penn Bancorp Inc NAS:MPB 444 $82,784,000 $63,392,000 Millersburg PA 522110 States

Middlefield Banc United NAS:MBCN 194 $46,226,000 $44,176,000 Middlefield OH 522110 Corporation States

United Midland States Bancorp NAS:MSBI 715 $262,906,000 $249,844,992 Effingham IL 522110 States

United Midsouth Bancorp NYS:MSL 535 $84,952,000 Lafayette LA 522110 States

Mid-Southern Bancorp United NAS:MSVB 42 $7,878,000 $7,278,000 Salem IN 522110 Inc States

United Midwest Holding PINX:MDWT 24 $3,399,788 $875,812 Lincoln NE 524113 States

MidwestOne Financial United NAS:MOFG 771 $174,896,000 $128,771,000 Iowa City IA 522110 Group Inc States

United Mill City Ventures III Ltd PINX:MCVT $177,444 $2,330,720 Wayzata MN 523910 States

United Mission Valley Bancorp PINX:MVLY 63 $18,912,000 $16,941,000 Sun Valley CA 522110 States

MMA Capital United NAS:MMAC 63 $22,638,000 $28,245,000 Baltimore MD 525990 Management LLC States

United MNB Holdings Corp PINX:MNBO 45 $10,554,858 $11,573,171 San Francisco CA 522110 States

United Moelis & Company NYS:MC 879 $746,534,016 $885,840,000 New York NY 523110 States

United Molina Healthcare Inc NYS:MOH 10,000 $16,696,999,936 $18,765,000,704 Long Beach CA 524114 States

MoneyGram International United NAS:MGI 2,252 $1,285,100,032 $1,447,600,000 Dallas TX 522320 Inc States

Monmouth Real Estate United NYS:MNR 16 $158,522,000 $139,372,112 Freehold NJ 525990 Investment Corp States

United Monroe Capital Corp NAS:MRCC $23,583,000 $10,842,000 Chicago IL 523920 States

Morgan Group Holding United PINX:MGHL 16 $9,245,483 $0 Rye NY 523910 Co States

United Morgan Stanley NYS:MS 60,431 $38,926,000,128 $37,714,001,920 New York NY 523110 States

United Mount Logan Capital Inc GREY:PYCFF 4 $3,499,000 $568,269 New York NY 523999 States

Mountain Commerce United PINX:MCBI 83 $31,401,444 $28,276,916 Knoxville TN 522110 Bancorp States

United Mr. Amazing Loans Corp PINX:MRAL 6 $1,356,962 Las Vegas NV 522291 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Mr. Cooper Group Inc NAS:COOP 9,100 $2,007,000,064 Coppell TX 522292 States

MSB Financial United NAS:MSBF 53 $18,539,000 $18,747,000 Millington NJ 522110 Corporation States

United MSCI Inc NYS:MSCI 3,396 $1,557,795,968 $1,433,984,000 New York NY 523930 States

United MutualFirst Financial Inc NAS:MFSF 442 $80,387,000 Muncie IN 522110 States

United MVB Financial Corp NAS:MVBF 443 $120,963,000 $87,143,000 Fairmont WV 522110 States

United MVC Capital Inc NYS:MVC 20 $18,591,464 ($6,787,569) Purchase NY 522290 States

United NASB Financial Inc PINX:NASB 488 $117,638,000 $100,260,000 Grandview MO 522120 States

United Nasdaq Inc NAS:NDAQ 4,361 $4,262,000,128 $4,276,999,936 New York NY 523210 States

National Bank Holdings Greenwood United NYS:NBHC 1,056 $290,995,008 $263,247,008 CO 522110 Corp Village States

United National Bankshares Inc NAS:NKSH 229 $46,557,000 $45,906,000 Blacksburg VA 522110 States

National General United NAS:NGHC 9,200 $5,179,594,240 $4,607,970,816 New York NY 524126 Holdings Corp States

United National Holdings Corp NAS:NHLD 970 $23,841,000 $7,525,000 New York NY 523120 States

National Holdings United NAS:NHLD 970 $23,841,000 $7,525,000 New York NY 523120 Corporation States

National Security Group United NAS:NSEC 78 $67,399,000 $64,857,000 Elba AL 524126 Inc (The) States

Greenwood United National Storage NYS:NSA 459 $387,896,000 $330,896,000 CO 525920 Village States

National Western Life United NAS:NWLI 287 $819,187,968 $551,598,976 Austin TX 524113 Group Inc States

United Navient Corp NAS:NAVI 5,800 $1,996,000,000 $1,923,000,064 Wilmington DE 522390 States

United NBT Bancorp Inc NAS:NBTB 1,788 $451,420,000 $426,174,016 Norwich NY 522110 States

United Nelnet Inc NYS:NNI 6,600 $978,569,024 $998,340,992 Lincoln NE 522291 States

Net Element International United NAS:NETE 82 $64,999,612 $65,786,816 Miami FL 522320 Inc States

New Mountain Finance United NYS:NMFC $109,123,000 $75,810,000 New York NY 522290 Corporation States

New Peoples Bankshares United PINX:NWPP 232 $31,215,000 $29,510,000 Honaker VA 522110 Inc States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

New York Community United NYS:NYCB 2,786 $1,041,630,016 $1,122,552,960 Westbury NY 522110 Bancorp Inc States

New York Mortgage Trust United NAS:NYMT 55 $201,187,008 $146,464,992 New York NY 525990 Inc States

Newtek Business United NAS:NEWT 109 $88,791,000 $77,692,000 New York NY 522320 Services Corp States

United NI Holdings Inc NAS:NODK 186 $270,779,008 $212,370,000 Fargo ND 524126 States

United Nicholas Financial Inc NAS:NICK 260 $61,796,000 $73,763,000 Clearwater FL 522291 States

United Nicolet Bankshares Inc NAS:NCBS 575 $169,895,008 $146,156,992 Green Bay WI 522110 States

United NMI Holdings Inc NAS:NMIH 276 $370,113,984 $273,628,000 Emeryville CA 524126 States

United Northeast Bancorp NAS:NBN 182 $68,437,000 $60,337,000 Lewiston ME 522110 States

Northeast Indiana United PINX:NIDB 58 $14,934,540 $13,893,327 Huntington IN 522110 Bancorp Inc States

Northern Trust United NAS:NTRS 17,100 $5,298,599,936 $5,220,800,000 Chicago IL 522110 Corporation States

United Northfield Bancorp Inc NAS:NFBK 380 $126,593,000 $119,369,000 Woodbridge NJ 522110 States

United Northrim BanCorp Inc NAS:NRIM 431 $101,788,000 $93,375,000 Anchorage AK 522110 States

United Northway Financial Inc PINX:NWYF 199 $39,599,000 $31,276,000 Berlin NH 522110 States

Northwest Bancshares United NAS:NWBI 2,333 $459,872,992 $430,343,008 Warren PA 522110 Inc States

Norwood Financial United NAS:NWFL 220 $45,384,000 $43,904,000 Honesdale PA 522110 Corporation States

United Oak Valley Bancorp NAS:OVLY 192 $46,081,000 $43,280,000 Oakdale CA 522110 States

Oaktree Capital United NYS:OAK 978 $1,455,382,925 $1,386,078,976 Los Angeles CA 523910 Management LLC States

Oaktree Specialty United NAS:OCSL $127,128,000 $57,195,000 Los Angeles CA 522390 Lending States

United Oaktree Strategic Income NAS:OCSI $10,763,648 $25,611,520 Los Angeles CA 523920 States

OceanFirst Financial United NAS:OCFC 924 $298,136,000 $275,328,992 Toms River NJ 522110 Corp States

Och-Ziff Capital United NYS:OZM 524 $507,223,008 New York NY 523920 Management Group LLC States

Oconee Federal Financial United NAS:OFED 77 $16,729,000 $16,605,000 Seneca SC 522120 Corp States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

Ocwen Financial West Palm United NYS:OCN 5,300 $1,123,374,976 $1,063,044,992 FL 522390 Corporation Beach States

Rolling United OFS Capital Corp NAS:OFS 44 $14,116,000 $14,045,000 IL 522290 Meadows States

Ohio Valley Banc United NAS:OVBC 284 $50,962,000 $52,664,000 Gallipolis OH 522110 Corporation States

United Old Line Bancshares Inc NAS:OLBK 234 $101,873,608 Bowie MD 522110 States

United Old National Bancorp NAS:ONB 2,709 $796,337,024 $711,889,984 Evansville IN 522110 States

Old Point Financial United NAS:OPOF 297 $47,898,000 $46,473,000 Hampton VA 522110 Corporation States

Old Republic United NYS:ORI 9,000 $7,213,599,744 $6,021,700,096 Chicago IL 524126 International Corporation States

United Old Second Bancorp Inc NAS:OSBC 535 $134,212,000 $122,086,000 Aurora IL 522110 States

United On Deck Capital Inc NYS:ONDK 742 $399,816,000 $351,300,992 New York NY 522130 States

United OneMain Holdings Inc NYS:OMF 10,100 $3,814,000,128 $3,366,000,128 Evansville IN 522291 States

United OP NAS:OPBK 168 $55,698,000 $50,286,000 Los Angeles CA 522110 States

Oppenheimer Holdings United NYS:OPY 2,971 $1,033,379,008 $958,153,984 New York NY 523110 Inc States

OptimumBank Holdings Fort United NAS:OPHC 19 $3,310,000 $3,130,000 FL 522110 Inc Lauderdale States

United Opus Bank NAS:OPB 767 $249,656,000 $241,744,992 Irvine CA 522110 States

United Oranco Inc PINX:ORNC $15,498,162 $15,125,026 Duluth GA 523910 States

Orange County Bancorp United PINX:OCBI 178 $52,892,000 $45,089,000 Middletown NY 522110 Inc States

United Orchid Island Capital Inc NYS:ORC $34,650,000 ($32,425,000) Vero Beach FL 522294 States

United Origin Bancorp Inc NAS:OBNK 751 $212,580,992 $188,770,000 Ruston LA 522110 States

Township of United Oritani Financial Corp NAS:ORIT 250 $103,760,000 $111,485,000 NJ 522110 Washington States

Orrstown Financial United NAS:ORRF 460 $96,821,000 $72,418,000 Shippensburg PA 522110 Services Inc States

United Osage Bancshares Inc PINX:OSBK $16,866,964 $14,497,385 Pawhuska OK 522110 States

United OTC Markets Group Inc PINX:OTCM 99 $60,350,000 $56,830,000 New York NY 523210 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United P10 Holdings PINX:PIOE 54 $33,058,000 Dallas TX 523110 States

Pacific City Financial United NAS:PCB 256 $80,903,000 $75,849,000 Los Angeles CA 522110 Corp States

United Pacific Financial Corp PINX:PFLC 234 $52,537,000 $47,501,000 Aberdeen WA 522110 States

Pacific Health Care Newport United PINX:PFHO 38 $7,330,940 $6,796,913 CA 524298A Organization Inc Beach States

Pacific Mercantile United NAS:PMBC 160 $54,505,000 $52,788,000 Costa Mesa CA 522110 Bancorp States

Pacific Premier Bancorp United NAS:PPBI 1,006 $463,192,000 $410,452,000 Irvine CA 522110 Inc States

United PacWest Bancorp NAS:PACW 1,835 $1,130,420,992 $1,178,979,968 Beverly Hills CA 522110 States

United Palomar Holdings Inc NAS:PLMR 77 $113,296,000 $72,971,000 La Jolla CA 524126 States

Paragon Real Estate United Equity and Investment PINX:PRLE 3 $14,253,000 $17,180,000 Houston OH 525990 States Trust

Park National United ASE:PRK 1,907 $394,929,984 $367,999,008 Newark OH 522110 Corporation States

Washington United Parke Bancorp Inc NAS:PKBK 101 $60,724,000 $51,510,000 NJ 522110 Township States

United Parkway Acquisition PINX:PKKW 216 $32,848,000 $28,922,000 Floyd VA 522110 States

United Pathfinder Bancorp Inc NAS:PBHC 163 $32,331,000 $28,726,000 Oswego NY 522110 States

Patriot National Bancorp United NAS:PNBK 131 $27,909,000 $29,624,000 Stamford CT 522110 Inc States

United PayPal Holdings Inc NAS:PYPL 18,100 $17,771,999,232 $15,450,999,808 San Jose CA 522320 States

United PaySign Inc NAS:PAYS 70 $34,666,652 $23,423,676 Henderson NV 522320 States

United PB Bancorp NAS:PBBI 113 $17,599,000 $16,699,000 Putnam CT 522120 States

United PDL Community Bancorp NAS:PDLB 183 $40,124,000 $38,816,000 Bronx NY 522110 States

Peapack Gladstone United NAS:PGC 446 $174,970,000 $156,703,008 Bedminster NJ 522110 Financial Corporation States

PennantPark Investment United NAS:PNNT $28,956,726 $50,877,560 New York NY 522290 Corporation States

Penns Woods Bancorp United NAS:PWOD 292 $61,267,000 $57,271,000 Williamsport PA 522110 Inc States

PennyMac Financial Westlake United NYS:PFSI 4,215 $1,477,404,032 $984,628,992 CA 522292 Services Inc Village States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

PennyMac Mortgage Westlake United NYS:PMT 1 $220,659,008 $187,271,008 CA 525990 Investment Trust Village States

Peoples Bancorp Inc United NAS:PEBO 900 $197,926,000 $180,308,992 Marietta OH 522110 (Marietta, OH) States

Peoples Bancorp of North United NAS:PEBK 337 $60,401,000 $56,366,000 Newton NC 522110 Carolina Inc States

Peoples Financial United PINX:PFBX 154 $22,984,000 $22,306,000 Biloxi MS 522110 Corporation States

Peoples Financial United NAS:PFIS 408 $90,633,000 $84,989,000 Hallstead PA 522110 Services Corporation States

People's United Financial United NAS:PBCT 6,499 $1,843,399,936 $1,602,400,000 Bridgeport CT 522110 Inc States

United People's Utah Bancorp NAS:PUB 490 $125,099,000 $123,307,000 American Fork UT 522110 States

Pinnacle Bank (Gilroy, United PINX:PBNK $22,841,168 $19,893,168 Gilroy CA 522110 CA) States

Pinnacle Bankshares United PINX:PPBN 122 $22,299,000 $20,584,000 Altavista VA 522110 Corp States

Pinnacle Financial United NAS:PNFP 2,487 $896,281,024 $841,937,024 Nashville TN 522110 Partners Inc States

United Piper Sandler Companies NYS:PIPR 1,565 $834,566,016 $784,441,984 Minneapolis MN 523110 States

United PJT Partners NYS:PJT 678 $717,638,976 $580,248,000 New York NY 523930 States

United Plumas Bancorp NAS:PLBC 183 $45,965,000 $42,014,000 Quincy CA 522110 States

PNC Financial Services United NYS:PNC 51,918 $17,827,000,320 $17,132,000,256 Pittsburgh PA 522110 Group Inc States

Positive Physicians United NAS:PPHI $27,965,606 $13,412,016 Berwyn PA 524126 Holdings Inc States

United PRA Group Inc NAS:PRAA 4,412 $993,056,000 $874,830,976 Norfolk VA 523910 States

Preferred Bank (Los United NAS:PFBC 279 $170,883,008 $163,015,008 Los Angeles CA 522110 Angeles, CA) States

Premier Financial United NAS:PFBI 375 $76,235,000 $68,852,000 Huntington WV 522110 Bancorp Inc States

United Prime Meridian Holding PINX:PMHG 88 $16,951,000 $15,233,000 Tallahassee FL 522110 States

United Primerica Inc NYS:PRI 2,803 $2,100,829,056 $1,937,328,000 Duluth GA 524113 States

United Princeton Capital PINX:PIAC 4 ($6,425,065) $1,935,056 North Andover MA 522298 States

Principal Financial Group United NAS:PFG 17,601 $16,222,100,480 $14,237,200,384 Des Moines IA 524113 Inc States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

Priority Technology United NAS:PRTH 588 $371,854,016 $424,415,008 Alpharetta GA 522320 Holdings Inc States

Private Bancorp America United PINX:PBAM 130 $44,576,192 $31,613,552 La Jolla CA 522110 Inc States

ProAssurance United NYS:PRA 961 $1,009,894,976 $877,081,984 Birmingham AL 524126 Corporation States

Progressive Corporation Mayfield United NYS:PGR 41,571 $38,997,700,608 $31,954,700,288 OH 524126 (The) Village States

Prospect Capital United NAS:PSEC 8 $178,116,000 $326,060,000 New York NY 522220 Corporation States

Prosperity Bancshares United NYS:PB 3,035 $796,425,984 $727,814,976 Houston TX 522110 Inc States

Protective Capital United PINX:PCSO 4 $4,860,994,560 $4,860,994,560 Wilmington DE 522310 Structures Corp. States

Protective Insurance United NAS:PTVCA 500 $495,596,992 $439,168,992 Carmel IN 524126 Corp States

United Provident Bancorp NAS:PVBC 144 $47,501,000 $41,305,000 Amesbury MA 522110 States

Provident Financial United NAS:PROV 178 $50,681,000 $58,195,000 Riverside CA 522110 Holdings Inc States

Provident Financial United NYS:PFS 1,015 $361,767,008 $359,352,000 Jersey NJ 522110 Services Inc States

Provident State Bank of United PINX:PSBP 100 $17,423,868 $17,195,182 Preston MD 522110 Preston States

United Prudential Bancorp Inc NAS:PBIP 88 $27,845,000 $27,214,000 Philadelphia PA 522120 States

United Prudential Financial Inc NYS:PRU 51,511 $64,806,998,016 $62,991,998,976 Newark NJ 524113 States

PSB Holdings Inc United PINX:PSBQ 175 $38,864,000 $35,338,000 Wausau WI 522110 (Wausau, WI) States

United PwrCor Inc PINX:PWCO 4 $757,639 $1,109,642 Fort Lee NJ 522390 States

Pzena Investment United NYS:PZN 115 $150,746,000 $153,579,008 New York NY 523920 Management Inc States

United QCR Holdings Inc NAS:QCRH 697 $218,099,008 $179,734,800 Moline IL 522110 States

United QNB Corporation PINX:QNBC 203 $44,611,000 $39,907,000 Quakertown PA 522110 States

United Quaint Oak Bancorp Inc PINX:QNTO 79 $13,638,000 $12,252,000 Southampton PA 522110 States

United Radian Group Inc NYS:RDN 2,000 $1,526,955,008 $1,273,005,952 Philadelphia PA 524126 States

United Rand Capital Corporation NAS:RAND 4 ($624,397) $1,111,730 Buffalo NY 522290 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Randolph Bancorp NAS:RNDB 214 $39,496,000 $27,903,000 Stoughton MA 522110 States

Raymond James United NYS:RJF 14,200 $7,646,000,128 $7,181,929,984 St. Petersburg FL 523110 Financial Inc States

United RBB Bancorp NAS:RBB 355 $115,035,000 $89,927,000 Los Angeles CA 522110 States

Red River Bancshares United NAS:RRBI 325 $78,461,000 $72,916,000 Alexandria LA 522110 Inc States

United Redwood Trust Inc NYS:RWT 372 $304,471,008 $213,028,992 Mill Valley CA 525990 States

Mayfield United Regional Brands Inc PINX:RGBD 1 $39,987,860 OH 523910 Heights States

Regional Management United NYS:RM 1,638 $315,588,000 $273,241,984 Greenville SC 522291 Corp States

Regions Financial United NYS:RF 19,564 $5,836,000,256 $5,809,999,872 Birmingham AL 522110 Corporation States

Reinsurance Group of United NYS:RGA 3,188 $14,300,000,256 $12,875,664,384 Chesterfield MO 524130 America Inc States

United Reliant Bancorp NAS:RBNC 302 $67,769,000 $63,462,000 Brentwood TN 522110 States

United Renasant Corporation NAS:RNST 2,527 $596,910,976 $540,486,016 Tupelo MS 522110 States

Republic First Bancorp United NAS:FRBK 599 $101,545,000 $94,358,000 Philadelphia PA 522110 Inc States

United Revere Bank Laurel MD PINX:REVB $85,113,000 Laurel MD 522110 States

United Rhinebeck Bancorp Inc NAS:RBKB 173 $37,877,000 $33,962,000 Poughkeepsie NY 522110 States

United Riot Blockchain NAS:RIOT 6 $6,837,000 $7,845,332 Castle Rock CO 523999 States

United River Financial PINX:RVRF 232 $50,313,000 $38,845,000 Prattville AL 522110 States

United Riverview Bancorp Inc NAS:RVSB 252 $58,161,000 $53,615,000 Vancouver WA 522110 States

United Riverview Financial Corp NAS:RIVE 276 $49,461,000 $52,769,000 Harrisburg PA 522110 States

United RLI Corp NYS:RLI 905 $1,006,625,024 $820,364,032 Peoria IL 524126 States

Rocket Cos. (Quicken United NYS:RKT 20,000 $4,243,877,888 $3,491,115,008 Detroit MI 522310 Loans Inc) States

United Root Inc NAS:ROOT $290,200,000 $43,300,000 Columbus OH 524126 States

United Royal Financial Inc PINX:RYFL 76 $15,017,326 $14,064,852 Chicago IL 522110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Royal Gold Inc NAS:RGLD 27 $423,056,000 $459,041,984 Denver CO 523990 States

United RREEF Property Trust NAS:ZRPTAX $24,694,000 $19,417,912 New York NY 523991 States

United S&T Bancorp Inc NAS:STBA 1,201 $299,348,992 $281,745,984 Indiana PA 522110 States

Safety Insurance Group United NAS:SAFT 609 $875,816,000 $829,582,016 Boston MA 524126 Inc States

United Salisbury Bancorp Inc NAS:SAL 201 $43,362,000 $42,096,000 Lakeville CT 522110 States

Sandy Spring Bancorp United NAS:SASR 932 $336,630,016 $321,494,016 Olney MD 522110 Inc States

Santa Cruz County Bank United PINX:SCZC 42 $32,498,808 Santa Cruz CA 522110 (CA) States

Santander Consumer United NYS:SC 5,175 $6,573,420,032 $6,060,418,048 Dallas TX 522291 USA Holdings Inc States

Saratoga Investment United NYS:SAR 85 $24,785,912 $22,443,428 New York NY 522290 Corp States

United SB Financial Group Inc NAS:SBFG 190 $52,842,000 $49,891,000 Defiance OH 522110 States

Seacoast Banking United NAS:SBCF 867 $300,350,016 $261,536,992 Stuart FL 522110 Corporation of Florida States

United Security Federal Corp PINX:SFDL 219 $37,719,752 $35,291,800 Aiken SC 522120 States

Security National United NAS:SNFCA 1,293 $283,060,928 $279,618,720 Salt Lake City UT 524113 Financial Corporation States

SEI Investments United NAS:SEIC 3,756 $1,649,885,056 $1,624,167,040 Oaks PA 523920 Company States

United Select Bancorp Inc NAS:SLCT 213 $52,309,000 $52,086,000 Dunn NC 522110 States

Selective Insurance United NAS:SIGI 2,250 $2,846,490,880 $2,586,080,000 Branchville NJ 524126 Group Inc States

United SelectQuote Inc NYS:SLQT 1,900 $337,468,992 $233,688,000 Overland Park KS 524210 States

United Seneca Financial Corp PINX:SNNF 41 $7,042,000 $6,381,000 New York NY 522110 States

ServisFirst Bancshares United NAS:SFBS 505 $309,190,016 $280,115,008 Birmingham AL 522110 Inc States

United Severn Bancorp Inc NAS:SVBI 174 $40,771,000 $37,837,000 Annapolis MD 522120 States

United Shore Bancshares Inc NAS:SHBI 294 $59,666,000 $59,130,000 Easton MD 522110 States

United Siebert Financial Corp NAS:SIEB 132 $28,593,000 $30,036,000 New York NY 523110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Sierra Bancorp NAS:BSRR 513 $112,209,000 $107,403,000 Porterville CA 522110 States

United Signature Bank Corp NAS:SBNY 1,472 $1,339,540,992 $1,322,264,960 New York NY 522110 States

Silvercrest Asset United NAS:SAMG 140 $102,152,000 $98,673,000 New York NY 523920 Management Group Inc States

Simmons First National United NAS:SFNC 3,270 $790,620,992 $682,110,016 Pine Bluff AR 522110 Corporation States

SLM Corporation (Sallie United NAS:SLM 1,900 $1,672,242,048 $1,361,169,024 Newark DE 522294 Mae) States

United SmartFinancial Inc NAS:SMBK 399 $90,600,000 $81,173,672 Knoxville TN 522110 States

United Solar Capital Ltd NAS:SLRC $64,496,000 $76,272,000 New York NY 522290 States

United Solar Senior Capital Ltd NAS:SUNS $23,393,000 $15,669,000 New York NY 523910 States

Sorrento Therapeutics United NAS:SRNE 310 $31,432,000 $21,193,000 San Diego FL 523910 Inc States

Sound Financial Bancorp United NAS:SFBC 132 $31,750,000 $32,093,000 Seattle WA 522110 Inc States

South Atlantic United PINX:SABK 120 $31,673,964 $27,289,832 Myrtle Beach SC 522110 Bancshares States

United South Plains Financial Inc NAS:SPFI 679 $157,862,000 $144,990,000 Lubbock TX 522110 States

United South State Corporation NAS:SSB 2,547 $645,753,024 $655,153,984 Columbia SC 522110 States

Southern First United NAS:SFST 242 $83,748,000 $70,353,000 Greenville SC 522110 Bancshares Inc States

Southern Michigan United PINX:SOMC 187 $31,217,000 Coldwater MI 522110 Bancorp Inc States

Southern Missouri United NAS:SMBC 492 $85,832,000 $74,674,000 Poplar Bluff MO 522110 Bancorp Inc States

Southern National United NAS:SONA 350 $93,496,000 $99,189,000 McLean VA 522110 Bancorp of Virginia Inc States

Southside Bancshares United NAS:SBSI 845 $211,279,008 $211,747,008 Tyler TX 522110 Inc States

Southwest Georgia United ASE:SGB 113 $22,460,656 Moultrie GA 522110 Financial Corporation States

Spirit of Texas United NAS:STXB 409 $92,457,000 $57,504,000 Conroe TX 522110 Bancshares Inc States

United Square Inc NYS:SQ 3,835 $4,713,500,160 $3,298,177,024 San Francisco CA 522320 States

United SSB Bancorp PINX:SSBP 23 $5,208,239 $4,578,506 Pittsburgh PA 522120 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

Standard AVB Financial United NAS:STND 157 $33,494,000 $33,688,000 Monroeville PA 522110 Corp States

Starwood Property Trust United NYS:STWD 296 $959,424,000 $836,361,024 Greenwich CT 525990 Inc States

State Auto Financial United NAS:STFC 1,978 $1,407,600,000 $1,273,200,000 Columbus OH 524126 Corporation States

United State Street Corporation NYS:STT 39,000 $10,625,000,448 $10,956,999,680 Boston MA 523920 States

Stellus Capital United NYS:SCM $31,688,748 $31,056,296 Houston TX 522290 Investment Corp States

United Sterling Bancorp NYS:STL 1,639 $1,032,044,992 $1,058,800,000 Montebello NY 522110 States

United Sterling Bancorp Inc NAS:SBT 311 $132,431,000 $142,136,992 Southfield MI 522110 States

Stewardship Financial United NAS:SSFN 144 $31,500,000 Midland Park NJ 522110 Corporation States

Stewart Information United NYS:STC 5,300 $1,940,007,936 $1,907,672,064 Houston TX 524127 Services Corporation States

United Stifel Financial Corp NYS:SF 8,300 $3,293,018,880 $2,982,914,048 St. Louis MO 523110 States

United Stock Yards Bancorp Inc NAS:SYBT 615 $175,011,008 $159,762,000 Louisville KY 522110 States

StoneCastle Financial United NAS:BANX 50 $14,448,027 $11,837,078 New York NY 525990 Corporation States

United StoneX Group Inc NAS:INTL 2,012 $32,896,999,424 $27,622,699,008 New York NY 523130 States

United STORE Capital Corp NYS:STOR 97 $631,888,000 $515,015,008 Scottsdale AZ 525920 States

United Sturgis Bancorp Inc PINX:STBI 122 $20,930,000 $19,292,000 Sturgis MI 522110 States

Sugar Creek Financial United PINX:SUGR 20 $2,768,070 $2,866,167 Trenton IL 522120 Corporation States

Summit Financial Group United NAS:SMMF 383 $94,467,000 $85,744,000 Moorefield WV 522110 Inc States

United Summit State Bank NAS:SSBI 93 $25,638,000 $23,931,000 Santa Rosa CA 522110 States

United Suncrest Bank PINX:SBKK $40,105,048 $33,738,320 Visalia CA 522110 States

United Sunnyside Bancorp Inc PINX:SNNY 12 $2,225,450 $2,536,369 New York NY 522120 States

United Surrey Bancorp PINX:SRYB 78 $15,353,511 Mount Airy NC 522110 States

United Sussex Bancorp Inc NAS:SBBX 243 $73,739,000 $54,820,000 Franklin NJ 522110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United SVB Financial Group NAS:SIVB 3,564 $3,259,500,032 $2,601,021,952 Santa Clara CA 522110 States

United SVB&T Corp PINX:SVBT 112 $19,919,000 $18,091,000 Jasper IN 522110 States

United Synchrony Financial NYS:SYF 16,500 $17,169,999,872 $16,382,999,552 Stamford CT 522320 States

United Synovus Financial Corp NYS:SNV 5,389 $1,951,703,040 $1,428,505,984 Columbus GA 522110 States

United T Rowe Price Group Inc NAS:TROW 7,365 $5,617,900,032 $5,372,599,808 Baltimore MD 523920 States

TCF Financial United NAS:TCF 8,209 $1,702,113,024 $1,431,782,016 Detroit MI 522110 Corporation States

United TCG BDC NAS:CGBD $70,188,000 $47,776,000 New York NY 523999 States

United TCP Capital Corp NAS:TCPC $39,321,148 $54,596,112 Santa Monica CA 522290 States

United Territorial Bancorp Inc NAS:TBNK 282 $66,373,000 $62,936,000 Honolulu HI 522110 States

Texas Capital United NAS:TCBI 1,738 $1,049,587,008 $977,950,016 Dallas TX 522110 Bancshares Inc States

TFS Financial United NAS:TFSL 931 $285,884,992 $302,476,992 Cleveland OH 522120 Corporation States

United TGR Financial PINX:TGRF 154 $52,904,000 $47,765,000 Naples FL 522110 States

Thomasville Bancshares United PINX:THVB 117 $44,197,148 Thomasville GA 522110 Inc States

United Timberland Bancorp Inc NAS:TSBK 298 $62,178,000 $48,775,000 Hoquiam WA 522120 States

United Tiptree Inc NAS:TIPT 1,009 $765,129,984 $625,825,984 New York NY 524113 States

United Tivity Health Inc NAS:TVTY 1,000 $1,131,156,992 $606,299,008 Franklin TN 524298A States

United Toga Ltd PINX:TOGL $8,847,927 $1,254,495 New York NY 523910 States

Tompkins Financial United ASE:TMP 1,048 $282,724,992 $283,017,984 Ithaca NY 522110 Corporation States

United Town Center Bank (IL) PINX:TCNB 23 $4,112,000 $4,102,000 Frankfort IL 522110 States

United Towne Bank Inc NAS:TOWN 2,446 $563,240,000 $532,000,992 Portsmouth VA 522110 States

TPG Specialty Lending United NYS:TSLX $179,044,000 $135,176,992 Fort Worth TX 523920 Inc States

United Tradeweb Markets Inc NAS:TW 919 $777,939,008 $686,921,024 New York NY 523210 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

Travelers Companies Inc United NYS:TRV 30,800 $31,580,999,680 $30,282,000,384 New York NY 524126 (The) States

United Tremont Mortgage Trust NAS:TRMT $8,428,000 $2,400,000 Newton MA 523991 States

Tri City Bankshares United PINX:TRCY 530 $66,248,800 Oak Creek WI 522110 Corporation States

United Tri County Financial Grp PINX:TYFG $50,221,000 $46,956,000 Mendota IL 522110 States

United TriCo Bancshares NAS:TCBK 1,184 $305,388,000 $259,359,008 Chico CA 522110 States

TriplePoint Venture United NYS:TPVG $40,201,000 $44,072,000 Menlo Park CA 523999 Growth BDC Corp States

TriState Capital Holdings United NAS:TSC 276 $179,839,008 $161,320,992 Pittsburgh PA 522110 Inc States

United Triumph Bancorp Inc NAS:TBK 1,107 $287,472,000 $248,948,992 Dallas TX 522110 States

Truist Financial United NYS:TFC 59,000 $12,444,999,680 $11,450,000,384 Charlotte NC 522110 Corporation States

United Trupanion Inc NAS:TRUP 738 $383,936,000 $303,956,000 Seattle WA 524114 States

United Trustco Bank Corp NY NAS:TRST 814 $174,398,000 $178,767,008 Glenville NY 522110 States

United Trustmark Corporation NAS:TRMK 2,844 $528,764,992 $526,788,000 Jackson MS 522110 States

Two Harbors Investment United NYS:TWO 2 $367,120,000 $152,420,000 New York NY 525990 Corporation States

United Two River Bancorp NAS:TRCB 151 $41,332,000 Tinton Falls NJ 522110 States

United U&I Financial Corp PINX:UNIF 48 $16,375,000 $13,552,000 Lynnwood WA 522110 States

UMB Financial United NAS:UMBF 3,670 $1,027,726,976 $947,652,992 Kansas City MO 522110 Corporation States

Umpqua Holdings United NAS:UMPQ 3,943 $1,256,594,944 $1,217,188,992 Portland OR 522110 Corporation States

Unico American United NAS:UNAM 72 $31,372,814 $33,612,796 Woodland Hills CA 524126 Corporation States

United Union Bank PINX:UBNC 53 $30,200,836 $28,696,640 Greenville NC 522120 States

Union Bankshares United NAS:UBSH 1,609 $536,514,317 $510,966,016 Richmond VA 522110 Corporation States

United Union Bankshares Inc NAS:UNB 201 $40,709,000 $38,072,000 Morrisville VT 522110 States

United United Bancorp Inc NAS:UBCP 138 $24,794,000 $21,775,000 Martins Ferry OH 522110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Bancorporation of United PINX:UBAB 182 $34,695,608 $32,692,556 Atmore AL 522110 Alabama Inc States

Columbus United United Bancshares Inc NAS:UBOH 217 $41,825,000 $36,051,000 OH 522110 Grove States

United United Bankshares Inc NAS:UBSI 2,204 $726,529,024 $712,622,976 Charleston WV 522110 States

United Community Banks United NAS:UCBI 2,309 $557,670,976 $531,711,008 Blairsville GA 522110 Inc States

United Community United NAS:UCFC 443 $113,357,000 Youngstown OH 522120 Financial Corporation States

United Financial Bancorp United NAS:UBNK 718 $232,561,358 $221,487,008 Hartford CT 522110 Inc States

United Fire & Casualty United NAS:UFCS 1,185 $1,208,146,048 $1,077,826,048 Cedar Rapids IA 524126 Co States

United Insurance United NAS:UIHC 363 $825,116,032 $723,942,016 St. Petersburg FL 524126 Holdings Corp States

United Security United NAS:UBFO 119 $42,511,000 $38,454,000 Fresno CA 522110 Bancshares States

United Tennessee United PINX:UNTN 30 $6,108,667 $6,509,684 Newport TN 522120 Bankshares Inc States

United UnitedHealth Group Inc NYS:UNH 325,000 $240,269,000,704 $224,871,006,208 Minnetonka MN 524114 States

United Unity Bancorp Inc NAS:UNTY 209 $66,053,000 $62,931,000 Clinton NJ 522110 States

Universal Insurance Fort United NYS:UVE 805 $939,350,976 $823,816,000 FL 524126 Holdings Inc Lauderdale States

United University Bancorp Inc PINX:UNIB 81 $65,574,040 $52,855,136 Ann Arbor MI 522110 States

Univest Corporation of United NAS:UVSP 873 $234,654,000 $218,235,008 Souderton PA 522110 Pennsylvania States

United Unum Group NYS:UNM 10,300 $11,998,900,224 $11,598,499,840 Chattanooga TN 524114 States

United US Bancorp (US Bank) NYS:USB 69,651 $22,883,000,320 $22,520,999,936 Minneapolis MN 522110 States

United US Global Investors Inc NAS:GROW 23 $4,917,000 $6,261,000 San Antonio TX 523920 States

United USA Technologies Inc NAS:USAT 118 $143,799,000 $132,508,000 Malvern PA 522320 States

United UTG Inc PINX:UTGN 40 $44,326,268 $41,421,108 Springfield IL 524113 States

United Uwharrie Capital Corp PINX:UWHR 191 $28,424,000 $27,563,000 Albemarle NC 522110 States

United Valley National Bancorp NAS:VLY 3,174 $1,112,568,064 $991,254,976 Wayne NJ 522110 States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Valley Republic Bancorp PINX:VLLX 112 $29,234,000 $25,396,000 Bakersfield CA 522120 States

United Vaulted Gold Bullion GREY:VTTBL 45,000 $45,387,888 ($36,948,500) New York NY 523140 States

United Veritex Holdings Inc NAS:VBTX 679 $315,176,992 $126,099,000 Dallas TX 522110 States

United Victory Bancorp PINX:VTYB $11,131,000 $10,006,000 Limerick PA 522110 States

United Victory Capital Holdings NAS:VCTR 358 $612,372,992 $413,412,000 Brooklyn OH 523999 States

Village Bank and Trust United NAS:VBFC 146 $26,065,000 $23,351,000 Midlothian VA 522110 Financial Corporation States

Virginia National United PINX:VABK 97 $27,285,000 $28,219,000 Charlottesville VA 522110 Bankshares Corp States

United Virginia Partners Bk PINX:PTRS $15,491,141 Fredericksburg VA 522110 States

United Virtu Financial Inc NAS:VIRT 1,012 $1,530,082,048 $1,878,717,952 New York NY 523120 States

Virtus Investment United NAS:VRTS 578 $562,259,008 $551,350,016 Hartford CT 523920 Partners Inc States

United Visa Inc NYS:V 19,500 $22,976,999,424 $20,608,999,424 San Francisco CA 522320 States

United Voya Financial Inc NYS:VOYA 6,000 $7,475,999,744 $8,513,999,872 New York NY 524113 States

United VSB Bancorp Inc PINX:VSBN 68 $14,861,494 $14,575,720 Staten Island NY 522110 States

United W R Berkley Corporation NYS:WRB 7,493 $7,932,911,104 $7,718,717,952 Greenwich CT 524126 States

Waddell & Reed Financial United NYS:WDR 1,162 $1,070,315,008 $1,160,301,056 Overland Park KS 523920 Inc States

United Walker & Dunlop Inc NYS:WD 823 $817,219,008 $725,246,016 Bethesda MD 522310 States

United Washington Federal Inc NAS:WAFD 1,971 $544,188,032 $516,115,008 Seattle WA 522120 States

Washington Trust United NAS:WASH 619 $200,494,000 $194,404,000 Westerly RI 522110 Bancorp Inc States

United Waterstone Financial Inc NAS:WSBF 824 $182,947,008 $172,376,000 Wauwatosa WI 522110 States

Wayne Savings United PINX:WAYN 100 $19,022,000 $17,821,000 Wooster OH 522120 Bancshares Inc States

United WCF Bancorp Inc PINX:WCFB 21 $3,101,102 Webster City IA 522110 States

Webster Financial United NYS:WBS 3,298 $1,240,441,984 $1,189,249,024 Waterbury CT 522110 Corporation States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United Wellesley Bancorp Inc NAS:WEBK 80 $30,195,000 $27,315,000 Wellesley MA 522110 States

United Wells Fargo & Company NYS:WFC 264,900 $85,063,000,064 $86,408,003,584 San Francisco CA 522110 States

United Wesbanco Inc NAS:WSBC 2,705 $509,688,992 $441,793,984 Wheeling WV 522110 States

West Des United West Bancorporation Inc NAS:WTBA 171 $73,998,000 $69,410,000 IA 522110 Moines States

West End Indiana United PINX:WEIN 75 $13,511,361 Richmond IN 522110 Bancshares Inc States

Westamerica United NAS:WABC 737 $204,202,000 $197,912,992 San Rafael CA 522110 Bancorporation States

United Westbury Bancorp Inc PINX:WBBW 133 $31,915,000 $29,801,000 West Bend WI 522110 States

Western Alliance United NYS:WAL 1,835 $1,059,334,016 $927,190,016 Phoenix AZ 522110 Bancorporation States

Western Asset Mortgage United NYS:WMC $90,496,000 $49,983,000 Los Angeles CA 525990 Capital Corp States

Western Capital United PINX:WCRS 980 $116,914,544 $114,264,960 Omaha NE 522291 Resources Inc States

Western New England United NAS:WNEB 340 $67,684,000 $69,245,000 Westfield MA 522110 Bancorp Inc States

Western Union Company United NYS:WU 11,500 $5,292,100,096 $5,589,899,776 Englewood CO 522320 (The) States

Westwood Holdings United NYS:WHG 165 $84,079,000 $122,300,000 Dallas TX 523920 Group Inc States

White Mountains United NYS:WTM 1,262 $711,200,000 $369,100,000 Hanover NH 524126 Insurance Group Ltd States

White River Bancshares United PINX:WRIV $27,674,592 $24,500,202 Fayetteville AR 522110 Company States

United WhiteHorse Finance Inc NAS:WHF $34,240,000 $61,303,000 Miami FL 522290 States

United William Penn Bancorp Inc PINX:WMPN 37 $9,634,000 Levittown PA 522110 States

Wilson Bank Holding United PINX:WBHC 530 $120,468,000 $111,666,000 Lebanon TN 522110 Company States

Wintrust Financial United NAS:WTFC 5,057 $1,459,172,992 $1,316,788,992 Lake Forest IL 522110 Corporation States

WisdomTree Investments United NAS:WETF 208 $268,403,008 $274,116,000 New York NY 523920 Inc States

World Acceptance United NAS:WRLD 3,744 $526,608,864 $529,616,512 Greenville SC 522291 Corporation States

WSFS Financial United NAS:WSFS 1,782 $633,057,024 $409,015,008 Wilmington DE 522110 Corporation States

Company Symbol Employees Revenue 2019 Revenue 2018 City State Country NAICS

United WVS Financial Corp NAS:WVFC 32 $7,491,000 $6,910,000 Pittsburgh PA 522120 States

United Zions Bancorporation NA NAS:ZION 10,188 $2,833,999,872 $2,782,000,128 Salt Lake City UT 522110 States

United Zuora Inc NYS:ZUO 1,249 $235,196,000 $167,926,000 Redwood City CA 522320 States

Industry Results, Publicly-Held Companies (U.S.) Averages

Average of Companies Reporting $200,000 or More in Recent Revenues

NAIC 520000 Title Finance & Insurance Industry (U.S.)

Income Statement (Whole $) Note: Delays in reporting may affect latest year.

$USD, In whole 2013 Average 2014 Average 2015 Average 2016 Average 2017 Average 2018 Average 2019 Average numbers, of 715 of 735 of 778 of 816 of 826 of 832 of 808 except marked * or % Companies Companies Companies Companies Companies Companies Companies

Total Revenue 2,658,663,281 2,693,326,902 2,625,901,311 2,628,106,431 2,764,192,788 2,877,760,510 3,391,282,162

Cost Of Revenue 1,660,933,958 1,742,606,566 2,002,757,543 2,434,381,134 2,731,290,203 2,765,590,790 3,049,121,141

% 61.86 64.17 75.68 91.49 97.97 95.87 89.91

Gross Profit 847,159,176 908,556,693 999,293,048 1,142,921,001 1,275,436,832 1,320,276,735 1,475,632,993

% 31.55 33.46 37.76 42.96 45.75 45.77 43.51

Operating Expenses

SGA Expense 624,729,571 661,704,905 597,284,189 590,261,551 606,243,090 651,003,708 707,397,790

% 23.27 24.37 22.57 22.18 21.75 22.57 20.86

R&D Expense 106,728,100 110,021,655 121,408,220 109,806,914 125,602,992 132,602,607 222,623,863

% 3.97 4.05 4.59 4.13 4.51 4.60 6.56

Other Operating (267,789,077) (281,444,945) (187,292,625) (133,483,395) (113,353,237) (90,771,990) (68,452,127) Expenses

% -9.97 -10.36 -7.08 -5.02 -4.07 -3.15 -2.02

Restructuring and Merger/Acquisition 24,817,693 29,369,594 19,600,939 18,654,978 12,666,013 16,498,892 21,655,415 Costs

% 0.92 1.08 0.74 0.70 0.45 0.57 0.64

Amortization 33,142,510 27,531,828 25,934,790 24,666,064 20,554,692 23,009,350 30,990,184

% 1.23 1.01 0.98 0.93 0.74 0.80 0.91

Total Operating 381,758,188 409,629,555 429,592,503 475,433,134 505,555,866 576,730,610 660,601,078 Expenses

% 14.22 15.08 16.23 17.87 18.13 19.99 19.48

Operating Income 397,167,377 420,986,572 435,710,983 458,517,107 536,924,609 588,354,996 666,473,207

% 14.79 15.50 16.46 17.23 19.26 20.40 19.65

Misc Other Special ------Charges

% ------

Interest Expense 396,568,687 367,825,539 328,807,903 318,371,322 366,774,619 455,490,855 536,591,812

% 14.77 13.55 12.43 11.97 13.16 15.79 15.82

Gain On Sale Of 54,384,278 (829,807) 12,283,565 7,038,184 12,771,483 13,724,985 22,531,927 Security

% 2.03 -0.03 0.46 0.26 0.46 0.48 0.66

Other Income 1,055,010,231 986,456,691 997,749,601 978,670,655 1,077,800,049 1,102,782,646 1,669,946,993 (expense)

% 39.29 36.33 37.70 36.78 38.66 38.23 49.24

Pre-Tax Income 584,270,737 534,829,950 529,734,863 495,573,633 543,280,188 553,521,500 730,762,750

% 21.76 19.70 20.02 18.63 19.49 19.19 21.55

Income Taxes 42,023,399 165,242,545 164,238,868 155,173,016 177,373,556 113,266,168 145,008,073

% 1.57 6.09 6.21 5.83 6.36 3.93 4.28

Net Income from Continuous 545,802,247 382,132,814 378,590,112 350,441,402 377,511,540 445,893,647 593,547,460 Operations

% 20.33 14.07 14.31 13.17 13.54 15.46 17.50

Net Income for Common 316,088,298 316,386,313 328,064,925 305,465,729 323,703,600 403,428,297 536,560,936 Stockholders

% 11.77 11.65 12.40 11.48 11.61 13.99 15.82

Earnings per Share

Basic Earnings per 14.39 17.16 21.23 -2,746.26 -1,477.85 -119.75 65.16 Share

Diluted Earnings 14.36 17.14 21.20 -2,746.29 -1,477.89 -119.80 65.11 per Share

Weighted Average Shares

Basic Average 131,740,963 132,677,394 126,991,282 120,823,371 120,506,469 138,897,751 141,779,364 Shares

Diluted Average 134,839,514 134,471,736 130,724,996 124,630,643 123,153,793 141,273,392 143,660,589 Shares

Common Dividend 0.96 1.01 1.15 1.02 1.14 1.25 1.14

Other

Depreciation And 98,478,763 98,226,399 96,779,760 101,822,183 103,710,648 110,731,531 133,938,318 Amortization

Promotion And ------Advertising

Research And 106,728,100 110,021,655 121,408,220 109,806,914 125,602,992 132,602,607 222,623,863 Development

Salaries And 505,200,722 505,080,165 473,556,397 454,450,096 467,770,663 485,775,368 521,480,378 Wages

EBITDA 583,445,198 565,553,587 559,991,928 549,467,096 691,169,024 728,007,724 867,896,727

% = Percentage of Total Revenues

$USD, In whole numbers, 2013 Average of 2014 Average of 2015 Average of 2016 Average of 2017 Average of 2018 Average of 2019 Average of except marked * or 714 Companies 732 Companies 771 Companies 810 Companies 826 Companies 836 Companies 809 Companies %

Assets

Current Assets

Cash 475,429,252 544,755,594 463,777,092 471,950,529 470,556,550 466,255,029 431,831,735

Cash And 2,172,542,668 2,389,700,032 2,105,829,416 2,030,284,883 2,081,230,506 2,088,393,990 2,230,248,773 Cash Equivalents

Short-Term 6,590,873,905 6,752,078,209 6,370,520,073 6,407,474,251 6,050,906,796 5,699,466,198 6,586,073,824 Investments

Total Cash 9,238,845,825 9,686,533,834 8,940,126,581 8,909,709,664 8,602,693,852 8,254,115,217 9,248,154,333

Receivables 1,349,939,698 1,322,845,053 1,228,222,795 1,236,303,556 1,333,936,741 1,403,820,472 1,504,881,973

Inventory 160,941,383 170,620,993 207,344,422 240,610,757 246,020,261 154,071,283 144,571,076

Deferred Income 589,789,499 493,796,213 426,825,171 370,082,979 199,010,398 184,690,442 159,626,117 Taxes

Prepaid 271,885,207 299,729,157 322,809,522 337,592,427 343,889,924 386,513,206 378,067,625 Expenses

Other Current 178,774,151 218,159,979 249,677,792 272,747,849 320,932,495 273,976,749 991,151,720 Assets

Total Current 1,859,573,307 2,176,721,149 2,266,631,736 2,401,108,317 2,658,001,124 2,800,524,259 3,223,981,587 Assets

% 5.04 5.89 6.33 6.77 7.37 7.63 7.95

Non-Current Assets

Gross Property, Plant & 434,033,037 458,165,219 459,158,969 421,572,236 442,895,577 458,858,955 569,600,407 Equipment

Accumulated (188,486,944) (194,712,059) (196,230,094) (178,480,750) (194,059,579) (200,873,168) (227,350,976) Depreciation

Net Property, Plant & 511,011,410 541,887,868 537,159,956 513,486,139 522,934,005 547,067,490 667,836,050 Equipment

% 1.38 1.47 1.50 1.45 1.45 1.49 1.65

Goodwill 1,436,579,057 1,415,983,726 1,404,892,393 1,371,756,844 1,400,330,187 1,408,505,286 1,704,170,835

Intangible Assets 510,243,938 462,327,886 456,381,947 529,785,704 516,411,420 617,167,972 714,632,974

Other Long Term 1,622,732,104 1,556,770,270 1,434,028,005 1,521,604,498 1,401,744,482 1,387,894,773 1,575,213,228 Assets

Total Non 4,658,152,481 5,001,302,261 4,868,201,427 4,793,890,930 5,053,719,368 5,022,443,431 6,980,605,159 Current Assets

Total Assets 36,931,222,957 36,952,118,780 35,834,513,697 35,476,588,390 36,048,778,208 36,687,909,218 40,557,794,306

Liabilities and stockholders' equity

Current Liabilities

Short-Term 1,591,383,418 1,396,478,685 1,483,047,828 1,215,392,357 1,474,040,358 1,256,874,127 1,634,304,805 Debt

Accounts 1,783,510,591 1,862,253,009 1,786,481,026 1,711,903,049 1,557,046,004 1,562,405,423 1,612,203,378 Payable

Deferred 90,357,396 131,662,432 147,389,004 163,631,501 174,413,503 180,161,121 170,383,476 Revenues

Accrued 1,931,402,415 2,843,003,161 2,369,552,130 2,304,710,078 2,596,415,325 2,948,954,072 3,181,591,550 Liabilities

Total Current 1,319,443,690 1,588,991,116 1,719,284,541 1,907,088,801 2,075,136,429 2,201,010,353 2,616,636,249 Liabilities

% ------

Non-Current Liabilities

Long Term 14,054,241,409 13,491,452,152 12,646,166,818 12,286,853,020 12,300,988,322 12,377,245,257 13,161,477,358 Debt

Deferred Tax 6,055,455 6,184,600 10,219,833 1,478,000 10,122,000 11,180,000 9,038,500 Liability

Minority 818,363,851 765,725,118 619,038,331 365,964,832 414,193,656 368,157,390 428,262,963 Interest

Pensions & 335,303,497 379,469,204 344,311,193 322,043,853 310,616,300 291,489,051 325,758,078 Other Benefits

Other Non 2,828,264,771 2,942,853,549 2,687,842,647 2,522,217,174 2,435,860,192 1,740,317,764 1,989,514,777 Current Liabilities

Total Non ------Current Liabilities

% ------

Total Liabilities ------

Stockholders' Equity

Common Stock 402,115,386 395,876,138 373,587,753 356,540,654 337,515,707 314,339,165 287,163,627

Additional Paid 1,827,597,178 1,834,034,585 1,807,928,164 1,775,727,910 1,805,970,589 2,265,999,998 2,531,397,390 In Capital

Retained 1,607,579,094 1,725,059,789 1,885,465,869 2,010,215,780 2,149,425,530 2,535,651,966 3,000,306,279 Earnings

Preferred Stock 714,998,561 784,712,463 1,151,281,080 875,354,980 963,411,786 826,812,432 858,494,854

Treasury Stock (872,963,447) (992,750,094) (1,214,472,385) (1,383,391,483) (1,633,198,719) (1,903,881,813) (2,245,279,766)

Total Stockholders' 3,623,947,908 3,778,836,347 3,736,699,894 3,714,178,869 3,800,996,649 4,283,906,572 4,953,023,566 Equity

Total Liabilities & Shareholders' 3,623,947,908 3,778,836,347 3,736,699,894 3,714,178,869 3,800,996,649 4,283,906,572 4,953,023,566 Equity

% = Percentage of Total Assests or % of Total Liabilities

$USD, In whole 2013 Average 2014 Average 2015 Average 2016 Average 2017 Average 2019 Average numbers, 2018 Average of of 693 of 712 of 754 of 790 of 799 of 806 except marked * or 804 Companies Companies Companies Companies Companies Companies Companies %

Operating Cash Flow

Net Income ------

Depreciation And 101,858,313 101,592,219 95,597,684 104,703,684 107,451,616 114,677,855 134,039,420 Amortization

Investment/Asset 28,013,057 12,482,346 21,392,422 20,994,461 22,614,163 8,484,885 10,031,976 Impairment

Deferred Income (113,349,876) 23,876,697 30,593,468 39,927,285 117,597,726 15,997,035 11,346,254 Taxes

Stock Based ------Compensation

Accounts (18,485,730) (18,567,530) 49,741,442 (70,626,393) (154,313,414) (46,831,088) (71,722,709) Receivable

Cash From Discontinued 8,468,850 (7,485,345) (1,288,833) 14,725,214 28,295,758 76,431,178 17,630,556 Operating Activities

Change In (1,128,028) 6,610,696 (7,737,549) (7,543,057) (17,641,939) (5,557,907) (2,470,363) Inventory

Change In 71,510,156 88,138,962 25,095,760 31,235,520 16,342,777 (22,448,498) 86,892,941 Account Payable

Prepaid Expenses (2,081,060) (11,003,254) (7,230,819) (11,491,075) (15,227,844) (15,410,333) (14,427,061)

Accrued Liabilities (176,166,863) 169,995,825 (41,522,052) 9,357,212 73,106,475 111,072,729 126,907,276

Income Tax 19,836,172 31,685,170 14,599,525 (6,575,030) (63,372,491) 34,019,786 (1,113,145) Payable

Other Working 379,872,744 121,179,139 172,311,786 52,836,850 (145,136,837) 77,997,244 (26,159,816) Capital

Other Non (16,146,543) (92,831,406) (151,668,830) (142,639,706) (101,382,915) (125,462,180) (83,509,679) CashItems

Operating Cash 935,524,127 561,966,666 576,429,491 491,726,531 394,885,010 652,943,783 598,485,369 Flow

% 24.05 14.73 15.95 14.21 11.54 19.17 17.61

Cash Flow from Investing

Capital (93,832,982) (106,967,741) (96,564,015) (89,069,279) (89,916,099) (107,760,694) (115,528,875) Expenditure

Acquisitions, net (18,350,272) (22,303,804) (172,187,592) (181,892,735) (44,879,888) (165,179,239) (141,983,154)

Purchase Of (3,691,699,471) (3,647,380,553) (3,485,866,875) (3,724,036,642) (3,416,444,309) (3,217,477,629) (3,852,933,676) Investments

Sales/Maturities of 3,605,747,564 3,309,021,862 3,343,110,119 3,312,842,362 3,320,688,730 2,927,478,703 3,423,457,529 Investments

Net Other 90,090,804 (16,579,476) (20,728,292) (9,104,174) 16,136,875 (8,073,534) (43,214,975) Investing Changes

Cash Flow from 248,208,509 (459,980,652) (54,111,530) (555,475,761) (391,286,349) (825,428,844) (599,288,105) Investing

% 6.38 -12.05 -1.50 -16.05 -11.43 -24.24 -17.63

Financing Cash Flow

Issuance Of Debt 5,476,920,369 4,612,622,437 5,527,893,344 6,317,406,976 6,147,941,537 14,406,303,166 6,261,581,690

Repayment Of (6,057,803,242) (4,580,380,347) (5,659,061,900) (6,373,730,498) (6,321,537,787) (13,292,489,048) (6,084,923,695) Debt

Common Stock (219,895,868) (228,374,613) (258,974,535) (234,126,509) (322,299,921) (364,835,790) (423,212,160) Repurchased

Common Stock 85,130,205 82,107,990 59,751,557 35,708,613 61,330,977 64,443,993 48,573,559 Issued

Cash Dividends (364,463,888) (211,180,778) (180,582,342) (163,560,901) (199,406,466) (195,085,704) (200,350,724) Paid

Other Financing (112,623,276) (8,885,394) 2,272,157 67,248,975 45,859,843 37,660,156 94,372,403 Activities

Financing Cash (1,198,269,917) (55,832,474) (459,824,583) 62,441,557 3,545,942 (6,212,593) 27,087,594 Flow

% -30.80 -1.46 -12.72 1.80 0.10 -0.18 0.80

Other

Effect of Changes in Currency (53,775,036) (107,161,581) (52,257,409) (26,853,308) 78,631,571 (62,683,401) (10,495,394) Exchange Rates

Net Change in (27,132,892) 68,630,563 66,256,083 26,582,573 27,455,530 (140,737,500) 54,953,588 Cash

Beginning Cash 1,083,272,615 1,029,887,584 1,024,938,733 1,055,188,121 1,123,365,450 2,179,661,481 2,030,657,883 Position

End Cash Position 1,050,380,796 1,081,809,451 1,083,176,659 1,077,299,202 1,163,544,394 2,029,026,090 2,083,598,003

% = Percentage of Total Revenues

Top 10* Companies Profiled & Ranked

This section consists of multiple data sets, designed to: 1) Help the user understand the financial results of the top firms within a sector, and 2) Compare the results of specific top firms to their peers and to industry averages.

The data sets include:

1) A rankings page (ranks for revenues, ROE, ROA, and six additional ranks)

2) A summary listing of all U.S. companies in the Plunkett Research database that have primary NAICs for this industry sector

3) Financial results comparisons for top companies

a) This data includes an income statement, balance sheet and cash flow statement for specific companies, latest year

b) It is separated into two groups of up to 5 companies each. The companies are listed in order of revenues.

c) The user may compare companies to each other, and to industry averages.

3) A profiles section (In-depth descriptions, executive listings and summary financial results)

*Note: For some NAIC codes, there are fewer than 10 major companies reporting results that include this NAIC as their primary industry codes. In such cases, a smaller number of companies will be shown.

Data includes estimates and forecasts. See "Data Description and Sources" section for details. 67 © Plunkett Research, Ltd. All Rights Reserved. www.plunkettresearch.com Top Companies Ranked, U.S. (2019 or latest year available data) This list may include private companies in the following categories: Total Revenue, Employee Count and Net Income. Also, the list may include companies in closely related sectors. NAIC 520000 Title Finance & Insurance Industry (U.S.)

Approximate Market Cap Employee Count

1. Berkshire Hathaway 551,967,100,000 1. Berkshire Hathaway Inc (Holding Co) 391,500 2. American Intl Gr 82,964,030,000 2. State Farm Insurance Companies 58,000 3. Progressive 55,655,420,000 3. Liberty Mutual Group Inc 51,000 4. Travelers Companies 40,688,290,000 4. Allstate Corporation (The) 46,290 5. Allstate 37,572,670,000 5. American International Group Inc (AIG) 46,000 6. Cincinnati Financial 19,063,880,000 6. Chartis Insurance 44,000 7. Loews 18,703,770,000 7. Progressive Corporation (The) 41,571 8. Markel 16,784,900,000 8. GEICO Corporation 39,982 9. CNA Financial 14,746,600,000 9. USAA 35,000 10. WR Berkley 13,486,280,000 10. Nationwide Mutual Insurance Company 32,110

Total Revenue Net Income

1. Berkshire Hathaway Inc (Holding Co) 327,222,984,704 1. Berkshire Hathaway Inc (Holding Co) 81,417,000,000 2. Zurich American Insurance Company 110,114,000,000 2. State Farm Insurance Companies 5,600,000,000 3. State Farm Insurance Companies 79,400,000,000 3. Allstate Corporation (The) 4,847,000,000 4. American International Group Inc (AIG) 49,792,000,000 4. Progressive Corporation (The) 3,970,300,000 5. Nationwide Mutual Insurance Company 49,300,000,000 5. American International Group Inc (AIG) 3,348,000,000 6. Allstate Corporation (The) 44,674,998,272 6. Travelers Companies Inc (The) 2,622,000,000 7. Liberty Mutual Group Inc 39,814,000,000 7. GEICO Corporation 2,571,450,000 8. Progressive Corporation (The) 38,997,700,608 8. FM Global 2,479,300,000 9. USAA 35,600,000,000 9. USAA 2,406,495,000 10. GEICO Corporation 35,031,150,000 10. Cincinnati Financial Corporation 1,997,000,000

3-Year Revenue Growth (%) 3-Year Income Growth (%)

1. NMI Holdings Inc 44.80 1. Kemper Corporation 216.20 2. Palomar Holdings Inc 38.44 2. 1347 Property Insurance Holdings Inc 204.64 3. Kinsale Capital Group 34.31 3. NI Holdings Inc 79.68 4. Kemper Corporation 25.95 4. Mercury General Corporation 63.64 5. Kingstone Companies Inc 23.42 5. State Auto Financial Corporation 60.85 6. Markel Corporation 19.28 6. Markel Corporation 57.80 7. United Insurance Holdings Corp 19.20 7. Progressive Corporation (The) 56.74 8. Progressive Corporation (The) 18.53 8. American National Insurance Company 50.77 9. NI Holdings Inc 18.12 9. Berkshire Hathaway Inc (Holding Co) 50.10 10. Erie Indemnity Company 15.88 10. Cincinnati Financial Corporation 50.06 14. Berkshire Hathaway Inc (Holding Co) 13.53

Return on Assets (%) Return on Equity (%)

1. Erie Indemnity 0.17 1. Progressive 0.34 2. NMI Holdings 0.14 2. Erie Indemnity 0.30 3. MGIC Investment 0.11 3. Cincinnati Financial 0.23 4. White Mountains Insurance 0.11 4. AMERISAFE 0.22 5. Berkshire Hathaway 0.11 5. Allstate 0.22 6. Radian Group 0.10 6. RLI 0.21 7. Cincinnati Financial 0.08 7. NMI Holdings 0.21 8. Progressive 0.08 8. Berkshire Hathaway 0.21 9. Kinsale Capital Group 0.07 9. Old Republic Intl 0.19 10. AMERISAFE 0.06 10. Kinsale Capital Group 0.19

Return on Invested Capital (%)

Ranks not available

Compare Top Publicly-Held Companies to Industry Average, 2019*

NAIC 520000 Title Finance & Insurance Industry (U.S.)

* Note: If 2019 data is not available, we are providing the previous year instead.

Group Number 1 Income Statement (Whole $), % = Percent of Total Revenues

$USD, In whole Berkshire Hathaway UnitedHealth Cigna JPMorgan Chase Industry Average numbers, Anthem Inc Inc (Holding Co) Group Inc Corporation & Co Inc of 824 Companies except marked * or %

Total Revenue 327,222,984,704 240,269,000,704 153,742,999,552 115,626,999,808 104,212,996,096 3,328,318,804

Cost Of Revenue - 184,556,994,560 - - - 3,025,934,791

Gross Profit - 55,711,997,952 - - - 1,464,656,338

Operating Expenses

General & - - - 43,975,999,488 - 578,118,025 Administrative Costs

SGA Expense 19,321,999,360 - 14,053,000,192 47,554,998,272 13,363,999,744 693,174,615

R&D Expense - - - - - 259,688,986

Other Operating (19,321,999,360) 37,913,001,984 (14,053,000,192) (47,554,998,272) (13,363,999,744) (46,334,615) Expenses

Restructuring and Merger/Acquisition - - - - - 21,344,279 Costs

Amortization - - 2,948,999,936 - 338,000,000 30,148,292

Total Operating - 37,913,001,984 - - - 668,184,279 Expenses

Operating Income - 17,799,000,064 - - - 666,678,867

Misc Other Special ------Charges

Interest Expense 3,960,999,936 1,704,000,000 1,682,000,000 26,794,999,808 746,000,000 524,911,887

Gain On Sale Of - 1,886,000,000 - 258,000,000 - 22,383,554 Security

Other Income (expense) 184,297,996,288 1,886,000,000 103,098,998,784 - - 1,670,044,376

Pre-Tax Income 102,696,001,536 17,980,999,680 6,569,999,872 44,544,999,424 5,984,999,936 717,666,592

Income Taxes 20,903,999,488 3,742,000,128 1,450,000,000 8,113,999,872 1,178,000,000 141,704,092

Net Income from 81,792,000,000 14,238,999,552 5,120,000,000 36,430,999,552 4,807,000,064 582,927,665 Continuous Operations

Net Income for 81,417,003,008 13,838,999,552 5,104,000,000 34,642,001,920 4,807,000,064 527,047,301 Common Stockholders

Earnings per Share

Basic Earnings per 49,828.00 14.55 13.58 10.75 18.81 63.90 Share

Diluted Earnings per 49,828.00 14.33 13.44 10.72 18.47 63.86 Share

Weighted Average Shares

Basic Average 1,633,946 951,000,000 375,919,008 3,221,499,904 255,500,000 137,778,691 Shares

Diluted Average 1,633,946 966,000,000 379,816,992 3,230,400,000 260,300,000 139,630,518 Shares

Common Dividend - 4.14 0.04 3.40 3.20 1.32

Balance Sheet (Whole $), % = Percent of Total Assets or Total Liabilities

$USD, In whole Berkshire Hathaway UnitedHealth Cigna JPMorgan Chase & Industry Average numbers, Anthem Inc Inc (Holding Co) Group Inc Corporation Co Inc of 826 Companies except marked * or %

Assets

Current Assets

Cash - - - 21,703,999,488 - 421,168,764

Cash And Cash 64,175,001,600 10,984,999,936 4,618,999,808 263,630,995,456 4,936,999,936 2,187,962,549 Equivalents

Short-Term 63,822,000,128 3,260,000,000 937,000,000 - 20,697,999,360 6,402,627,301 Investments

Total Cash 127,997,001,728 14,244,999,936 5,555,999,808 285,334,994,944 25,634,999,296 9,011,758,614

Receivables 35,834,998,784 11,822,000,128 15,815,999,488 72,860,999,680 10,552,999,936 1,470,601,576

Inventory - - - - - 144,626,498

Deferred Income - - - - - 157,040,702 Taxes

Prepaid Expenses - 3,851,000,064 - - - 375,286,113

Other Current - 12,716,000,256 - - - 962,001,784 Assets

Total Current - 42,633,998,336 - - - 3,209,047,076 Assets

Non-Current Assets

Gross Property, - 13,699,000,320 - - - 556,579,213 Plant & Equipment

Accumulated - (4,994,999,808) - - - (222,207,356) Depreciation

Net Property, 174,340,997,120 8,704,000,000 4,416,999,936 25,813,000,192 3,132,999,936 652,217,126 Plant & Equipment

Goodwill 81,881,997,312 65,658,998,784 44,601,999,360 - 20,500,000,768 1,661,751,799

Intangible Assets 31,645,999,104 10,348,999,680 36,562,001,920 - 8,673,999,872 706,763,555

Other Long Term 50,537,000,960 - 6,344,000,000 126,830,002,176 3,668,999,936 1,541,966,688 Assets

Total Non Current - 131,255,001,088 - - - 6,964,895,004 Assets

Total Assets 817,728,978,944 173,888,995,328 155,773,992,960 2,687,378,915,328 77,453,000,704 39,791,190,782

Liabilities and stockholders' equity

Liabilities

Current Liabilities

Short-Term Debt 4,686,000,128 3,870,000,128 5,513,999,872 40,919,998,464 2,297,999,872 1,630,409,035

Accounts Payable - 40,695,001,088 15,544,000,512 118,374,998,016 13,040,000,000 1,576,347,499

Deferred - 2,622,000,128 - - 1,017,000,000 175,690,911 Revenues

Accrued - 14,595,000,320 - - - 3,388,765,496 Liabilities

Total Current - 61,781,999,616 - - - 2,625,388,138 Liabilities

Non-Current Liabilities

Long Term Debt 98,682,003,456 36,807,999,488 31,893,000,192 291,498,000,384 17,787,000,832 12,827,322,505

Deferred Tax - - - - - 9,038,500 Liability

Minority Interest 3,772,000,000 2,820,000,000 6,000,000 - - 420,793,158

Pensions & Other - - - - - 330,754,356 Benefits

Other Non - 10,144,000,000 - - - 1,946,985,011 Current Liabilities

Total Non ------Current Liabilities

Total Liabilities ------

Stockholders' Equity

Common Stock 8,000,000 9,000,000 4,000,000 4,104,999,936 3,000,000 281,687,772

Additional Paid In 35,657,998,336 7,000,000 28,305,999,872 88,521,998,336 9,447,999,488 2,484,523,085 Capital

Retained Earnings 402,493,014,016 61,177,999,360 20,162,000,896 223,210,995,712 22,573,000,704 2,947,440,801

Preferred Stock - 0 - 26,993,000,448 0 838,701,227

Treasury Stock (8,125,000,192) 0 (2,192,999,936) (83,048,996,864) 0 (2,185,427,001)

Total Stockholders' 424,791,015,424 57,615,998,976 45,338,001,408 261,329,993,728 31,728,001,024 4,858,897,948 Equity

Total Liabilities & 424,791,015,424 57,615,998,976 45,338,001,408 261,329,993,728 31,728,001,024 4,858,897,948 Shareholders' Equity

Cash Flow (Whole $), % = Percent of Total Assets or Total Liabilities

$USD, In whole Berkshire Hathaway UnitedHealth Cigna JPMorgan Chase Industry Average numbers, Anthem Inc Inc (Holding Co) Group Inc Corporation & Co Inc of 820 Companies except marked * or %

Operating Cash Flow 38,686,998,528 18,463,000,576 9,484,999,680 6,046,000,128 6,061,000,192 589,429,281

Net Income ------

Depreciation And 10,064,000,000 2,720,000,000 3,651,000,064 8,368,000,000 1,132,999,936 131,202,950 Amortization

Investment/Asset - - - - - 9,957,301 Impairment

Deferred Income - 230,000,000 (313,000,000) 949,000,000 81,000,000 10,972,856 Taxes

Stock Based ------Compensation

Accounts Receivable (2,303,000,064) 162,000,000 (990,000,000) (78,000,000) (1,053,000,000) (70,293,584)

Cash From Discontinued Operating - - - - - 16,702,632 Activities

Change In Inventory - - - - - (2,466,204)

Change In Account - 1,954,000,000 1,151,000,064 - - 84,957,366 Payable

Prepaid Expenses - - - - - (14,345,756)

Accrued Liabilities 190,000,000 - - - 148,000,000 16,868,580

Income Tax Payable - - - - - (1,113,145)

Other Working Capital 19,207,999,488 683,000,000 643,000,000 (61,177,999,360) (192,000,000) (25,374,295)

Other Non CashItems (1,254,000,000) (106,000,000) 561,000,000 15,891,000,320 2,000,000 (81,892,830)

Operating Cash Flow 38,686,998,528 18,463,000,576 9,484,999,680 6,046,000,128 6,061,000,192 589,429,281

Cash Flow from (5,621,000,192) (12,698,999,808) (734,000,000) (54,013,001,728) (2,792,000,000) (588,040,891) Investing

Purchase of Property, (15,978,999,808) (2,071,000,064) (1,050,000,000) - (1,076,999,936) (98,661,771) Plants & Equipment

Net Investment 13,267,000,320 (2,504,000,000) 588,000,000 (129,772,003,328) (1,919,000,064) (396,951,053) Purchase & Sale

Acquisitions, net (1,683,000,064) (8,343,000,064) (153,000,000) - 0 (141,035,263)

Purchase Of (154,765,000,704) (18,130,999,296) (6,034,999,808) (255,575,998,464) (22,954,000,384) (3,759,449,593) Investments

Sales/Maturities of 168,031,993,856 15,626,999,808 6,623,000,064 125,804,003,328 21,034,999,808 3,347,396,561 Investments

Net Other Investing (1,496,000,000) 219,000,000 (11,000,000) (5,034,999,808) 204,000,000 (42,317,379) Changes

Cash Flow from (5,621,000,192) (12,698,999,808) (734,000,000) (54,013,001,728) (2,792,000,000) (588,040,891) Investing

Financing Cash Flow 730,000,000 (5,624,999,936) (7,186,999,808) 32,987,000,832 (2,265,999,872) 26,460,566

Issuance Of Debt 13,543,999,488 5,744,000,000 0 61,084,999,680 10,062,999,552 6,188,781,260

Repayment Of Debt (7,733,000,192) (1,750,000,000) (4,494,000,128) (69,609,996,288) (9,624,000,512) (5,984,466,289)

Common Stock - 1,037,000,000 224,000,000 - 0 48,454,843 Issued

Cash Dividends Paid - (3,932,000,000) - (12,343,000,064) (818,000,000) (195,589,733)

Other Financing (497,000,000) (1,224,000,000) (249,000,000) 3,143,000,064 (119,000,000) 94,589,982 Activities

Effect of Changes in Currency Exchange 25,000,000 (20,000,000) (8,000,000) (182,000,000) 0 (10,569,351) Rates

Net Change in Cash 33,795,999,744 139,000,000 1,564,000,000 (14,979,999,744) 1,003,000,000 54,072,421

Beginning Cash 30,811,000,832 10,865,999,872 3,855,000,064 278,792,994,816 3,934,000,128 1,996,855,890 Position

End Cash Position 64,632,000,512 10,984,999,936 5,410,999,808 263,630,995,456 4,936,999,936 2,048,949,211

Free Cash Flow

Operating Cash Flow 38,686,998,528 18,463,000,576 9,484,999,680 6,046,000,128 6,061,000,192 589,429,281

Capital Expenditure (15,978,999,808) (2,071,000,064) (1,050,000,000) - (1,076,999,936) (112,638,814)

Free Cash Flow 22,708,000,768 16,391,999,488 8,434,999,808 6,046,000,128 4,984,000,000 492,450,469

Income Statement (Whole $), % = Percent of Total Revenues

$USD, In whole numbers, Bank of America Wells Fargo & Centene Industry Average of Citigroup Inc MetLife Inc except marked * or % Corporation Company Corporation 824 Companies

Total Revenue 91,244,003,328 85,063,000,064 74,638,999,552 74,285,998,080 69,619,998,720 3,328,318,804

Cost Of Revenue - - 65,796,001,792 - - 3,025,934,791

Gross Profit - - 8,842,999,808 - - 1,464,656,338

Operating Expenses

General & 42,019,000,320 37,438,001,152 6,533,000,192 28,509,999,104 6,553,999,872 578,118,025 Administrative Costs

SGA Expense 46,714,998,784 38,513,999,872 6,533,000,192 30,026,000,384 6,553,999,872 693,174,615

R&D Expense - - - - - 259,688,986

Other Operating (46,714,998,784) (38,513,999,872) 257,999,872 (30,026,000,384) (6,553,999,872) (46,334,615) Expenses

Restructuring and - - - - - 21,344,279 Merger/Acquisition Costs

Amortization - 108,000,000 258,000,000 - - 30,148,292

Total Operating - - 6,791,000,064 - - 668,184,279 Expenses

Operating Income - - 2,052,000,000 - - 666,678,867

Misc Other Special ------Charges

Interest Expense 22,345,000,960 18,851,999,744 412,000,000 29,162,999,808 955,000,000 524,911,887

Gain On Sale Of Security 0 2,983,000,064 443,000,000 1,442,000,000 - 22,383,554

Other Income (expense) - - 142,000,000 - 1,842,000,000 1,670,044,376

Pre-Tax Income 32,753,999,872 24,198,000,640 1,782,000,000 23,900,999,680 6,794,999,808 717,666,592

Income Taxes 5,324,000,256 4,156,999,936 473,000,000 4,430,000,128 886,000,000 141,704,092

Net Income from 27,430,000,640 20,041,000,960 1,308,999,936 19,470,999,552 5,909,000,192 582,927,665 Continuous Operations

Net Income for Common 25,998,000,128 17,937,999,872 1,320,999,936 18,171,000,832 5,720,999,936 527,047,301 Stockholders

Earnings per Share

Basic Earnings per 2.77 4.08 3.19 8.08 6.10 63.90 Share

Diluted Earnings per 2.75 4.05 3.14 8.04 6.06 63.86 Share

Weighted Average Shares

Basic Average Shares 9,390,499,840 4,393,099,776 413,487,008 2,249,200,128 937,600,000 137,778,691

Diluted Average 9,442,899,968 4,425,399,808 420,408,992 2,265,299,968 944,400,000 139,630,518 Shares

Common Dividend 0.66 1.92 - 1.92 1.74 1.32

Balance Sheet (Whole $), % = Percent of Total Assets or Total Liabilities

$USD, In whole Bank of America Wells Fargo & Centene Industry Average numbers, Citigroup Inc MetLife Inc Corporation Company Corporation of 826 Companies except marked * or %

Assets

Current Assets

Cash 30,151,999,488 21,756,999,680 - 23,967,000,576 - 421,168,764

Cash And Cash 168,667,004,928 141,250,002,944 12,122,999,808 193,918,992,384 16,597,999,616 2,187,962,549 Equivalents

Short-Term - 263,458,996,224 863,000,000 280,264,998,912 331,669,995,520 6,402,627,301 Investments

Total Cash 198,819,004,416 426,465,998,848 12,985,999,808 498,150,991,872 348,267,995,136 9,011,758,614

Receivables 55,936,999,424 34,723,000,320 6,247,000,064 39,857,000,448 20,443,000,832 1,470,601,576

Inventory - - - - - 144,626,498

Deferred Income - - - - - 157,040,702 Taxes

Prepaid Expenses - - - - - 375,286,113

Other Current - - 1,090,000,000 - - 962,001,784 Assets

Total Current - - 20,323,000,320 - - 3,209,047,076 Assets

Non-Current Assets

Gross Property, - 34,119,999,488 3,223,000,064 - - 556,579,213 Plant & Equipment

Accumulated - (11,866,000,384) (1,102,000,000) - - (222,207,356) Depreciation

Net Property, 10,561,000,448 22,254,000,128 2,120,999,936 - - 652,217,126 Plant & Equipment

Goodwill 68,950,999,040 26,389,999,616 6,863,000,064 22,126,000,128 9,308,000,256 1,661,751,799

Intangible Assets - 13,370,000,384 2,063,000,064 4,822,000,128 - 706,763,555

Other Long Term 129,690,001,408 10,200,000,512 - 107,708,997,632 10,517,999,616 1,541,966,688 Assets

Total Non Current - - 20,671,000,576 - - 6,964,895,004 Assets

Total Assets 2,434,079,129,600 1,927,555,055,616 40,994,000,896 1,951,157,977,088 740,463,017,984 39,791,190,782

Liabilities and stockholders' equity

Liabilities

Current Liabilities

Short-Term Debt 24,203,999,232 12,108,999,680 88,000,000 45,048,999,936 235,000,000 1,630,409,035

Accounts - - 4,164,000,000 10,988,000,256 - 1,576,347,499 Payable

Deferred - - 383,000,000 - - 175,690,911 Revenues

Accrued - - 7,472,999,936 - - 3,388,765,496 Liabilities

Total Current - - 12,931,999,744 - - 2,625,388,138 Liabilities

Non-Current Liabilities

Long Term Debt 240,856,006,656 228,158,996,480 13,637,999,616 248,759,992,320 16,615,999,488 12,827,322,505

Deferred Tax - - - - - 9,038,500 Liability

Minority Interest - 838,000,000 108,000,000 704,000,000 238,000,000 420,793,158

Pensions & Other - - - - - 330,754,356 Benefits

Other Non - - 1,732,000,000 - - 1,946,985,011 Current Liabilities

Total Non ------Current Liabilities

Total Liabilities ------

Stockholders' Equity

Common Stock 91,722,997,760 9,136,000,000 0 31,000,000 12,000,000 281,687,772

Additional Paid In - 61,048,999,936 7,647,000,064 107,839,995,904 32,679,999,488 2,484,523,085 Capital

Retained Earnings 156,319,006,720 166,696,992,768 4,984,000,000 165,369,004,032 33,077,999,616 2,947,440,801

Preferred Stock 23,401,000,960 21,549,000,704 0 17,980,000,256 0 838,701,227

Treasury Stock 0 (68,831,002,624) (214,000,000) (61,660,000,256) (12,677,999,616) (2,185,427,001)

Total Stockholders' 264,810,004,480 187,145,994,240 12,551,000,064 193,242,005,504 66,144,002,048 4,858,897,948 Equity

Total Liabilities & 264,810,004,480 187,145,994,240 12,551,000,064 193,242,005,504 66,144,002,048 4,858,897,948 Shareholders' Equity

Cash Flow (Whole $), % = Percent of Total Assets or Total Liabilities

$USD, In whole numbers, Bank of America Wells Fargo & Centene Industry Average Citigroup Inc MetLife Inc except marked * or % Corporation Company Corporation of 820 Companies

Operating Cash Flow 61,776,998,400 6,729,999,872 1,483,000,064 (12,837,000,192) 13,786,000,384 589,429,281

Net Income ------

Depreciation And 1,728,999,936 7,074,999,808 643,000,000 3,904,999,936 630,000,000 131,202,950 Amortization

Investment/Asset - - 271,000,000 - - 9,957,301 Impairment

Deferred Income 2,435,000,064 - 55,000,000 (610,000,000) - 10,972,856 Taxes

Stock Based ------Compensation

Accounts Receivable - - (1,076,000,000) (20,376,999,936) (514,000,000) (70,293,584)

Cash From Discontinued Operating - - - - - 16,702,632 Activities

Change In Inventory - - - - - (2,466,204)

Change In Account - - - - - 84,957,366 Payable

Prepaid Expenses - - - - - (14,345,756)

Accrued Liabilities - - 578,000,000 1,828,999,936 71,000,000 16,868,580

Income Tax Payable - - - - 233,000,000 (1,113,145)

Other Working Capital 13,169,999,872 22,406,000,640 (1,002,000,000) (59,268,001,792) 7,424,999,936 (25,374,295)

Other Non CashItems 7,528,000,000 (47,752,998,912) - 16,954,999,808 (5,318,000,128) (81,892,830)

Operating Cash Flow 61,776,998,400 6,729,999,872 1,483,000,064 (12,837,000,192) 13,786,000,384 589,429,281

Cash Flow from (80,629,997,568) (29,631,000,576) (1,532,000,000) (23,374,000,128) (17,585,999,872) (588,040,891) Investing

Purchase of Property, - - - - - (98,661,771) Plants & Equipment

Net Investment (24,007,000,064) 3,225,999,872 (766,000,000) (18,267,000,832) (10,721,000,448) (396,951,053) Purchase & Sale

Acquisitions, net - - (36,000,000) 0 (1,080,999,936) (141,035,263)

Purchase Of (189,896,998,912) (72,529,002,496) (2,575,000,064) (274,490,998,784) (91,901,001,728) (3,759,449,593) Investments

Sales/Maturities of 165,889,998,848 75,755,003,904 1,808,999,936 256,224,002,048 81,180,000,256 3,347,396,561 Investments

Net Other Investing (2,974,000,128) 1,464,999,936 - 196,000,000 (131,000,000) (42,317,379) Changes

Cash Flow from (80,629,997,568) (29,631,000,576) (1,532,000,000) (23,374,000,128) (17,585,999,872) (588,040,891) Investing

Financing Cash Flow 3,376,999,936 (9,136,000,000) 6,832,000,000 42,932,998,144 4,568,000,000 26,460,566

Issuance Of Debt 52,420,001,792 53,381,001,216 24,721,000,448 59,134,001,152 1,382,000,000 6,188,781,260

Repayment Of Debt (50,794,000,384) (60,996,001,792) (17,826,000,896) (51,029,000,192) (906,000,000) (5,984,466,289)

Common Stock Issued - 380,000,000 0 - - 48,454,843

Cash Dividends Paid (5,934,000,128) (9,589,000,192) - (5,447,000,064) (1,820,999,936) (195,589,733)

Other Financing (698,000,000) (1,091,000,064) 12,000,000 (364,000,000) 6,304,999,936 94,589,982 Activities

Effect of Changes in Currency Exchange (368,000,000) - (2,000,000) (908,000,000) 9,000,000 (10,569,351) Rates

Net Change in Cash (15,475,999,744) (32,036,999,168) 6,783,000,064 6,721,999,872 768,000,000 54,072,421

Beginning Cash 177,404,002,304 173,286,998,016 5,350,000,128 188,104,998,912 15,820,999,680 1,996,855,890 Position

End Cash Position 161,560,002,560 141,250,002,944 12,131,000,320 193,918,992,384 16,597,999,616 2,048,949,211

Free Cash Flow

Operating Cash Flow 61,776,998,400 6,729,999,872 1,483,000,064 (12,837,000,192) 13,786,000,384 589,429,281

Capital Expenditure - - (730,000,000) (5,336,000,000) - (112,638,814)

Free Cash Flow 61,776,998,400 6,729,999,872 753,000,000 (18,172,999,680) 13,786,000,384 492,450,469

Data includes estimates and forecasts. See "Data Description and Sources" section for details. 80 © Plunkett Research, Ltd. All Rights Reserved. www.plunkettresearch.com Top Companies, Profiles and Financials

NAIC 520000 Title Finance & Insurance Industry (U.S.)

Top Companies Include:

Rank Company Ticker ExchangeID Revenues (Whole Numbers) 2019 or latest year available 1 Berkshire Hathaway Inc (Holding Co) BRK.A NYS $327,222,984,704 2 UnitedHealth Group Inc UNH NYS $240,269,000,704 3 Cigna Corporation CI NYS $153,742,999,552 4 JPMorgan Chase & Co Inc JPM NYS $115,626,999,808 5 Express Scripts Holding Company Subsidiary $110,321,221,570 6 Zurich American Insurance Company Subsidiary $110,114,000,000 7 Anthem Inc ANTM NYS $104,212,996,096 8 Bank of America Corporation BAC NYS $91,244,003,328 9 Wells Fargo & Company WFC NYS $85,063,000,064 10 State Farm Insurance Companies Mutual Company $79,400,000,000

Company Profile

BERKSHIRE HATHAWAY INC (HOLDING CO) (HTTP://WWW.BERKSHIREHATHAWAY.COM)

Ticker: BRK.A Phone: 402 346-1400 Exchange: NYS Fax: 402 346-3375 Year Established: 1998 Address: 3555 Farnam Street Employees: 391,500 Omaha, NE 68131 United States Fiscal Year Ends in December

Types Of Business Industry Rank for Total Revenue

Industry NAICS code: 524126 1. Berkshire Hathaway Inc (Holding Co) 327,222,984,704 2. Zurich American Insurance Company 110,114,000,000 3. State Farm Insurance Companies 79,400,000,000 Insurance--Property & Casualty, Specialty, Surety 4. American International Group Inc (AIG) 49,792,000,000 Retail Operations 5. Nationwide Mutual Insurance Company 49,300,000,000 Foodservice Operations 6. Allstate Corporation (The) 44,674,998,272 Building Products & Services 7. Liberty Mutual Group Inc 39,814,000,000 Apparel & Footwear 8. Progressive Corporation (The) 38,997,700,608 Technology Training 9. USAA 35,600,000,000 Manufactured Housing & RVs 10. GEICO Corporation 35,031,150,000 Business Jet Flexible Ownership Services

Contacts Description

Berkshire Hathaway, Inc. is a holding company that owns subsidiaries engaged Warren Buffett CEO/Chairman of the in diverse business activities, most importantly insurance and reinsurance. Board/Director Berkshire provides property and casualty insurance and reinsurance, as well as Marc Hamburg CFO/Senior VP life, accident and health reinsurance, through U.S. and foreign businesses. The Daniel Jaksich Chief Accounting Officer/Vice company conducts its insurance underwriting business through three subsidiary President divisions. First, GEICO Corporation mainly provides private passenger auto insurance to individuals in all 50 U.S. states and Washington, D.C. Second, David Gottesman Director Berkshire Hathaway Reinsurance Group underwrites excess-of-loss and Charlotte Guyman Director quota-share reinsurance for insurers and reinsurers. Third, Berkshire Hathaway Meryl Witmer Director Primary Group offers insurance for property and casualty. Other businesses and subsidiaries include, but are not limited to: Burlington Northern Santa Fe, which Howard Buffett Director operates a leading railroad system in North America through BNSF Railway Ronald Olson Director Company; Berkshire Hathaway Energy Company, a global energy company with Stephen Burke Director subsidiaries that generate, transmit, store, distribute and supply energy; Precision Castparts Corp., which manufactures complex metal components and Thomas Murphy Director products and provides high-quality investment castings, forgings, Susan Decker Director fasteners/fastener systems and aerostructures for critical aerospace and Walter Scott Director power/energy applications; Clayton Homes, Inc., a housing company utilizing William Gates Director manufactured, modular and site build methods; McLane Company, Inc., which provides wholesale distribution services in all 50 states to customers that include Charles Munger Director/Vice Chairman of the convenience stores, discount retailers, wholesale clubs, drug stores, military Board bases, quick service restaurants and casual dining restaurants; FlightSafety Gregory Abel Director/Vice Chairman, Divisional International, Inc., a provider of professional aviation training services; XTRA Ajit Jain Director/Vice President, Divisional Corporation, a transportation equipment lessor operating under the XTRA Lease brand name; and See’s Candies, which produces boxed chocolates and other confectionery products, operating approximately 250 retail and discount stores primarily in California and other western states. Auditor: Deloitte & Touche LLP Legal Advisor: Munger, Tolles & Olson LLP

Financials

$USD, In whole numbers, 2019 2018 2017 2016 2015 2014 except marked * or % Financials Revenue 327,223,000,000 225,382,000,000 242,137,000,000 223,604,000,000 210,821,000,000 194,673,000,000 Cost of Revenue ------Gross Margin % ------R&D Expense ------Operating Income ------Operating Margin % ------SGA Expense 19,322,000,000 18,238,000,000 18,181,000,000 18,217,000,000 15,309,000,000 13,721,000,000 Net Income 81,417,000,000 4,021,000,000 44,940,000,000 24,074,000,000 24,083,000,000 19,872,000,000 Earnings Per Share 49,828.00 2,446.00 27,326.00 14,645.00 14,656.00 12,092.00 Dividends ------Book Value Per Share 244,688.80 228,898.40 187,420.60 163,753.90 151,079.50 144,533.90 Operating Cash Flow 38,687,000,000 37,400,000,000 45,776,000,000 32,535,000,000 31,491,000,000 32,010,000,000 Capital Expenditure 15,979,000,000 14,537,000,000 11,708,000,000 12,954,000,000 16,082,000,000 15,185,000,000 Free Cash Flow 22,708,000,000 22,863,000,000 34,068,000,000 19,581,000,000 15,409,000,000 16,825,000,000 Profitability EBITDA ------Return on Assets % 10.67 0.57 6.79 4.10 4.47 3.93 Return on Equity % 21.05 1.15 14.24 8.94 9.72 8.60 Net Margin % 24.88 1.78 18.56 10.77 11.42 10.21 Assets Turnover 0.43 0.32 0.37 0.38 0.39 0.39 Financial Leverage 1.93 2.03 2.02 2.19 2.16 2.19

Brands Top Salaries

GEICO Corporation Berkshire Hathaway Reinsurance Group Name Title Salary (US$) Bonus Berkshire Hathaway Primary Group (US$) Burlington Northern Santa Fe Ajit Jain Vice Chairman, Divisional 16,000,000 3,000,000 Berkshire Hathaway Energy Company Gregory Abel Vice Chairman, Divisional 16,000,000 3,000,000 Precision Castparts Corp Marc Hamburg CFO/Senior VP 3,062,500 - Clayton Homes Inc Charles Munger Vice Chairman of the Board 100,000 - McLane Company Inc Warren Buffett CEO/Chairman of the Board 100,000 -

Other Thoughts Corporate Culture

Apparent Female Officers or Directors:

Company Profile

UNITEDHEALTH GROUP INC (HTTPS://WWW.UNITEDHEALTHGROUP.COM)

Ticker: UNH Phone: 952 936-1300 Exchange: NYS Fax: 952 936-0044 Year Established: 1977 Address: 9900 Bren Road East Employees: 325,000 UnitedHealth Group Center Fiscal Year Ends in December Minnetonka, MN 55343 United States

Types Of Business Industry Rank for Total Revenue

Industry NAICS code: 524114 1. UnitedHealth Group Inc 240,269,000,704 2. Cigna Corporation 153,742,999,552 3. Anthem Inc 104,212,996,096 Medical Insurance 4. Centene Corporation 74,638,999,552 Wellness Plans 5. CVS Health (Aetna Health Care Benefits) 69,600,000,000 Dental & Vision Insurance 6. Humana Inc 64,888,000,512 Health Information Technology 7. Health Care Service Corporation (HCSC) 38,600,000,000 Physician Practice Groups 8. UnitedHealthcare Community & State 32,750,000,000 Pharmacy Benefits Management 9. Blue Cross and Blue Shield of Michigan 29,420,000,000 PBM 10. AFLAC Incorporated 22,222,999,552

Contacts Description

UnitedHealth Group, Inc. is a diversified health care company. Through Steven Nelson CEO, Subsidiary/Executive VP its family of businesses, the firm offers core competencies in data and Andrew Witty CEO, Subsidiary/Executive VP health information, advanced technology and clinical expertise, which David Wichmann CEO/Director are deployed into two platforms: health benefits, operating under UnitedHealthcare; and health services, operating under Optum. John Rex CFO/Executive VP UnitedHealthcare provides health care benefits to an array of customers Stephen Hemsley Chairman of the Board/Director and markets. UnitedHealthcare Employer and Individual serves Thomas Roos Chief Accounting Officer/Senior VP employers ranging from sole proprietorships to large, multi-site and national employers, public sector employers and individual customers. William Ballard Director UnitedHealthcare Medicare & Retirement delivers health and well-being Valerie Montgomery Rice Director benefits for Medicare beneficiaries and retirees. UnitedHealthcare F. McNabb Director Community & State manages health care benefit programs on behalf of state Medicaid and community programs and their participants. John Noseworthy Director UnitedHealthcare Global provides health and dental benefits and hospital Glenn Renwick Director and clinical services to employer groups and individuals in South Michele Hooper Director America and other diversified global health businesses. Optum is a Gail Wilensky Director health services business serving the health care marketplace, including payers, care providers, employers, governments, life sciences Richard Burke Director companies and consumers, through its OptumHealth, OptumInsight and Timothy Flynn Director OptumRx businesses. These businesses have dedicated units that help Marianne Short Executive VP/Other Executive Officer improve overall health system performance through optimizing care quality, reducing costs and improving consumer experience and care D. Wilson Executive VP/Other Executive Officer provider performance, leveraging capabilities in data and analytics, pharmacy care services, population health, health care delivery and health care operations. Auditor: Deloitte & Touche LLP Legal Advisor: Hogan & Hartson LLP Financials

$USD, In whole numbers, 2019 2018 2017 2016 2015 2014 except marked * or % Financials Revenue 240,269,000,000 224,871,000,000 200,136,000,000 184,012,000,000 156,397,000,000 129,695,000,000 Cost of Revenue 184,557,000,000 172,401,000,000 154,148,000,000 141,454,000,000 120,081,000,000 97,041,000,000 Gross Margin % 23.19 23.33 22.98 23.13 23.22 25.18 R&D Expense ------Operating Income 17,799,000,000 15,968,000,000 14,186,000,000 12,102,000,000 10,311,000,000 9,495,000,000 Operating Margin % 7.41 7.10 7.09 6.58 6.59 7.32 SGA Expense ------Net Income 13,839,000,000 11,986,000,000 10,558,000,000 7,017,000,000 5,813,000,000 5,619,000,000 Earnings Per Share 14.55 12.45 10.95 7.37 6.10 5.78 Dividends 4.14 3.45 2.88 2.38 1.88 1.41 Book Value Per Share 58.01 52.09 46.75 39.55 34.75 34.18 Operating Cash Flow 18,463,000,000 15,713,000,000 13,596,000,000 9,795,000,000 9,740,000,000 8,051,000,000 Capital Expenditure 2,071,000,000 2,063,000,000 2,023,000,000 1,705,000,000 1,556,000,000 1,525,000,000 Free Cash Flow 16,392,000,000 13,650,000,000 11,573,000,000 8,090,000,000 8,184,000,000 6,526,000,000 Profitability EBITDA 22,405,000,000 19,772,000,000 17,454,000,000 14,985,000,000 12,714,000,000 11,752,000,000 Return on Assets % 8.49 8.23 8.06 5.99 5.88 6.68 Return on Equity % 25.32 24.10 24.54 19.46 17.54 17.40 Net Margin % 5.76 5.33 5.28 3.81 3.72 4.33 Assets Turnover 1.47 1.54 1.53 1.57 1.58 1.54 Financial Leverage 3.02 2.94 2.91 3.21 3.29 2.66

Brands Top Salaries

UnitedHealthcare Optum Name Title Salary (US$) Bonus UnitedHealthcare Employer (US$) UnitedHealthcare Medicare & Retirement David Wichmann CEO 1,300,000 - UnitedHealthcare Global Stephen Hemsley Chairman of the Board 1,000,000 - OptumHealth Steven Nelson CEO, Subsidiary/Executive 984,615 - OptumInsight VP OptumRx John Rex CFO/Executive VP 976,923 - Andrew Witty CEO, Subsidiary/Executive 613,462 - VP

Other Thoughts Corporate Culture

Apparent Female Officers or Directors: UnitedHealth Group offers comprehensive benefits, retirement options, tuition reimbursement and a variety of employee assistance programs.

Company Profile

CIGNA CORPORATION (HTTPS://WWW.CIGNA.COM)

Ticker: CI Phone: 860 226-6000 Exchange: NYS Fax: 215 761-3596 Year Established: 1981 Address: 900 Cottage Grove Road Employees: 73,700 Bloomfield, CT 06002 United States Fiscal Year Ends in December

Types Of Business Industry Rank for Total Revenue

Industry NAICS code: 524114 1. UnitedHealth Group Inc 240,269,000,704 2. Cigna Corporation 153,742,999,552 3. Anthem Inc 104,212,996,096 Insurance-Medical & Health, HMOs & PPOs 4. Centene Corporation 74,638,999,552 Indemnity Insurance 5. CVS Health (Aetna Health Care Benefits) 69,600,000,000 Investment Management Services 6. Humana Inc 64,888,000,512 Group Life, Accident & Disability 7. Health Care Service Corporation (HCSC) 38,600,000,000 8. UnitedHealthcare Community & State 32,750,000,000 9. Blue Cross and Blue Shield of Michigan 29,420,000,000 10. AFLAC Incorporated 22,222,999,552

Contacts Description

Cigna Corporation is a global health services organization. Along with its David Cordani CEO/Director/Pres. insurance subsidiaries, the company is a major provider of medical, Eric Palmer CFO/Executive VP dental, disability, life and accident insurance and related products and Isaiah Harris Chairman of the Board/Director services, the majority of which are offered through employers and other groups. Cigna operates in four main segments: health services, Mary Agoglia Hoeltzel Chief Accounting Officer/Director/Vice integrated medical, international markets, and group disability and President other. The health services segment includes pharmacy benefits Mark Boxer Chief Information Officer/Executive VP management, specialty pharmacy services, clinical solutions, home Lisa Bacus Chief Marketing Officer/Executive VP delivery and health management services. The integrated medical segment offers a variety of health care solutions to employers and Eric Foss Director individuals, including: commercial, which serves employers and their William Zollars Director employees and other groups, providing integrated medical and specialty Roman Martinez Director offerings such as medical, pharmacy, behavioral health, dental, vision, health advocacy programs and other products and services to insured John Partridge Director and self-insured clients; and government, offering Medicare Advantage, Donna Zarcone Director Medicare Supplement and Medicare Part D plans for seniors, Medicaid Eric Wiseman Director plans and individual health insurance coverage both on and off the William Delaney Director public exchanges. The international markets segment includes supplemental health, life and accident insurance products and health William Roper Director care coverage in Cigna’s international markets as well as health care Mark McClellan Director benefits to globally-mobile employees of multinational organizations. Elder Granger Director Last, the group disability and other segment includes: group disability and life, which provides short- and long-term disability, group life, Kathleen Mazzarella Director accident, voluntary and specialty insurance products and related Timothy Buckley Director services; corporate-owned life insurance, offering permanent insurance John Murabito Executive VP, Divisional contracts sold to corporations to provide coverage on the lives of certain employees for financing employer-paid future benefit obligations; and Alan Muney Executive VP/Chief Medical Officer run-off businesses, such as reinsurance, settlement annuity, individual Nicole Jones Executive VP/General Counsel life insurance, annuity and retirement benefits businesses. Steven Miller Executive VP/Other Executive Officer Jason Sadler President, Divisional Michael Triplett Pres., Divisional Brian Evanko President, Divisional Timothy Wentworth President, Divisional Matthew Manders President, Divisional

Auditor: PricewaterhouseCoopers LLP Legal Advisor: Wilmer Cutler Pickering Hale and Dorr LLP

Financials

$USD, In whole numbers, 2019 2018 2017 2016 2015 2014 except marked * or % Financials Revenue 153,743,000,000 48,569,000,000 41,616,000,000 39,668,000,000 37,876,000,000 34,914,000,000 Cost of Revenue ------Gross Margin % ------R&D Expense ------Operating Income ------Operating Margin % ------SGA Expense 14,053,000,000 11,934,000,000 - - - - Net Income 5,104,000,000 2,637,000,000 2,237,000,000 1,867,000,000 2,094,000,000 2,102,000,000 Earnings Per Share 13.58 10.69 8.92 7.31 8.17 7.97 Dividends 0.04 0.04 0.04 0.04 0.04 0.04 Book Value Per Share 119.98 40.83 57.98 54.40 45.89 43.03 Operating Cash Flow 9,485,000,000 3,770,000,000 4,086,000,000 4,026,000,000 2,717,000,000 1,994,000,000 Capital Expenditure 1,050,000,000 528,000,000 471,000,000 461,000,000 510,000,000 473,000,000 Free Cash Flow 8,435,000,000 3,242,000,000 3,615,000,000 3,565,000,000 2,207,000,000 1,521,000,000 Profitability EBITDA ------Return on Assets % 3.30 2.45 3.69 3.21 3.71 3.81 Return on Equity % 11.82 9.63 16.29 14.50 18.36 19.70 Net Margin % 3.32 5.43 5.38 4.71 5.53 6.02 Assets Turnover 1.00 0.45 0.69 0.68 0.67 0.63 Financial Leverage 3.44 3.73 4.50 4.33 4.74 5.19

Brands Top Salaries

Name Title Salary (US$) Bonus (US$) David Cordani President/CEO 1,500,000 - Timothy President, Divisional 1,500,000 - Wentworth Eric Palmer CFO/Executive VP 850,000 - Matthew President, Divisional 850,000 - Manders Nicole Jones Executive VP/General 750,000 - Counsel

Other Thoughts Corporate Culture

Apparent Female Officers or Directors:

Company Profile

JPMORGAN CHASE & CO INC (HTTPS://WWW.JPMORGANCHASE.COM)

Ticker: JPM Phone: 212 270-6000 Exchange: NYS Fax: 212 270-1648 Year Established: 1968 Address: 383 Madison Avenue Employees: 251,196 New York, NY 10179 United States Fiscal Year Ends in December

Types Of Business Industry Rank for Total Revenue

Industry NAICS code: 522110 1. JPMorgan Chase & Co Inc 115,626,999,808 2. Bank of America Corporation 91,244,003,328 3. Wells Fargo & Company 85,063,000,064 Banking 4. Citigroup Inc 74,285,998,080 Mortgages 5. Capital One Financial Corporation 27,830,999,040 Investment Banking 6. US Bancorp (US Bank) 22,883,000,320 Stock Brokerage 7. PNC Financial Services Group Inc 17,827,000,320 Credit Cards 8. Bank of New York Mellon Corporation 15,559,000,064 Business Finance 9. Truist Financial Corporation 12,444,999,680 Mutual Funds 10. BB&T Corporation 12,022,500,403 Annuities

Contacts Description

JPMorgan Chase & Co., Inc. (JPM) is one of the largest banking Mary Erdoes CEO, Divisional institutions in the world, with operations in over 60 countries and $3.2 Douglas Petno CEO, Divisional trillion in assets (as of November 2020). JPM’s principal subsidiaries Marianne Lake CEO, Divisional include: JPMorgan Chase Bank, NA, a national banking association that is JPM’s principal credit card-issuing bank; and J.P. Morgan Securities James Dimon CEO/Chairman of the Board/Director LLC, a non-bank subsidiary of the bank, is a broker-dealer investment Jennifer Piepszak CFO firm serving the U.S., while J.P. Morgan Securities plc operates in the Nicole Giles Chief Accounting Officer/Controller U.K. JPM operates its business through four segments: consumer and /Managing Director community banking (CCB), corporate and investment banking (CIB), commercial banking, and asset and wealth management (AWM). The Lori Beer Chief Information Officer CCB segment serves consumers and businesses through personal Ashley Bacon Chief Risk Officer service at bank branches and through ATMs, online, mobile and Daniel Pinto Co- President/Co-COO/CEO, Divisional telephone banking. The CIB segment, comprised of banking and markets and investor services, offers a broad range of investment Gordon Smith Co- President/Co-COO/CEO, Divisional banking, market-making, prime brokerage, and treasury and securities James Bell Director products and services to a global client base. The commercial banking Lee Raymond Director segment provides local expertise and service to U.S. and U.S. Laban Jackson Director multinational clients, including corporations, municipalities, financial institutions and nonprofit entities, with annual revenue generally ranging Michael Neal Director from $20 million to $2 billion. This division also provides financing to Linda Bammann Director real estate investors and owners. Solutions within the commercial Mellody Hobson Director banking segment include lending, treasury services, investment banking and more. The AWM segment manages client assets and offers Stephen Burke Director investment management across most major asset classes such as James Crown Director equities, fixed income, alternatives and money market funds. This Timothy Flynn Director division also offers multi-asset investment management, retirement products and services, brokerage and banking services, including trusts, Todd Combs Director estates, loans, mortgages and deposits. Stacey Friedman General Counsel Peter Scher Other Corporate Officer Robin Leopold Other Corporate Officer

Auditor: PricewaterhouseCoopers LLP. Legal Advisor:

Financials

$USD, In whole numbers, 2019 2018 2017 2016 2015 2014 except marked * or % Financials Revenue 115,627,000,000 109,029,000,000 99,624,000,000 95,668,000,000 93,543,000,000 94,205,000,000 Cost of Revenue ------Gross Margin % ------R&D Expense ------Operating Income ------Operating Margin % ------SGA Expense 47,555,000,000 45,209,000,000 41,615,000,000 39,722,000,000 38,651,000,000 38,514,000,000 Net Income 36,431,000,000 32,474,000,000 24,441,000,000 24,733,000,000 24,442,000,000 21,762,000,000 Earnings Per Share 10.75 9.04 6.35 6.24 6.05 5.34 Dividends 3.40 2.72 2.12 1.88 1.72 1.58 Book Value Per Share 76.52 70.58 67.82 64.10 59.96 56.86 Operating Cash Flow 6,046,000,000 14,187,000,000 (2,501,000,000) 20,196,000,000 73,466,000,000 36,593,000,000 Capital Expenditure ------Free Cash Flow 6,046,000,000 14,187,000,000 (2,501,000,000) 20,196,000,000 73,466,000,000 36,593,000,000 Profitability EBITDA ------Return on Assets % 1.30 1.19 0.90 0.93 0.91 0.81 Return on Equity % 14.91 13.35 9.86 10.05 10.34 9.75 Net Margin % 29.96 28.17 22.65 23.61 23.95 21.33 Assets Turnover 0.04 0.04 0.04 0.04 0.04 0.04 Financial Leverage 11.47 11.38 11.03 10.92 10.62 12.14

Brands Top Salaries

JPMorgan Chase Bank NA JP Morgan Securities LLC Name Title Salary (US$) Bonus MP Morgan Securities plc (US$) Gordon Smith CEO, Divisional/Co- 750,000 8,700,000 COO/Co-President Mary Erdoes CEO, Divisional 750,000 8,100,000 Daniel Pinto CEO, Divisional/Co- 8,239,222 - COO/Co-President Marianne Lake CEO, Divisional 750,000 5,840,000 James Dimon CEO/Chairman of the 1,500,000 5,000,000 Board

Other Thoughts Corporate Culture

Apparent Female Officers or Directors: JPMorgan Chase offers its employees comprehensive benefits, retirement options and assistance programs.

Company Profile

EXPRESS SCRIPTS HOLDING COMPANY (HTTP://WWW.EXPRESS-SCRIPTS.COM /CORPORATE/)

Ticker: Subsidiary Phone: 314-996-0900 Exchange: Fax: 314-770-0303 Employees: 27,000 Address: 1 Express Way Fiscal Year Ends in N/A St. Louis, MO 63121 United States

Types Of Business Industry Rank for Total Revenue

Industry NAICS code: 524292 1. Express Scripts Holding Company 110,321,221,570 2. Insperity Inc 4,314,804,224 Parent Company: Cigna Corporation 3. athenahealth Inc 1,430,000,000 4. Solera Holdings Inc 1,400,000,000 Pharmacy Benefits Management 5. HMS Holdings Corp 626,395,008 Mail & Internet Pharmacies 6. WageWorks Inc 495,793,200 Formulary Management 7. Secova Inc 19,293,750 Integrated Drug & Medical Data Analysis 8. Change Healthcare Inc 0 Market Research Programs 9. Guild Education Inc - Medical Information Management 10. UnitedHealthcare National Accounts - Workers' Compensation Programs Informed-Decision Counseling Contacts Description

Express Scripts Holding Company is one of the largest pharmacy benefit Dave Queller Pres. managers in the U.S. The firm provides pharmacy service and pharmacy James Havel CFO/Executive VP benefit plan design consultation for clients including HMOs, health Neal Sample COO/Executive VP insurers, third-party administrators, employers, unions and government health care plans. The company operates in two segments: pharmacy Thomas Mac Mahon Director benefit management (PBM) and other business operations. The PBM Nicholas Lahowchic Director division offers retail network pharmacy management and retail drug Roderick Palmore Director card programs; home delivery and specialty pharmacy services; patient care contact centers; rebate programs; electronic claims processing and Seymour Sternberg Director drug utilization review; information reporting and analysis programs; Woodrow Myers Director consumer health and drug information; assistance programs for William Delaney Director low-income patients; benefit plan design and consultation; and drug formulary management, compliance and therapy management Maura Breen Director programs. It dispenses drugs to patients from several home delivery William Roper Director fulfillment pharmacies and maintains partnerships with over 68,000 Elder Granger Director retail pharmacies. Subsidiary Accredo Health Group focuses on Kathleen Mazzarella Director dispensing injectable, infused, oral or inhaled drugs that require a higher level of clinical service and support. Express Scripts’ other Christine Houston Executive VP business operations includes the following subsidiaries that service Everett Neville Executive VP, Divisional patients through multiple paths: CuraScript Specialty Distribution offers Martin Akins General Counsel/Secretary/Senior VP specialty medical supplies and pharmaceuticals to treat rare and orphan diseases directly to providers, hospitals and clinics in the U.S.; CareCore Sara Wade Other Executive Officer/Senior VP National Group, LLC (dba eviCore) and Care Continuum are providers of Glen Stettin Other Executive Officer/Senior VP, integrated medical benefit management solutions; Inside Rx is a Divisional discount Rx card; myMatrixx offers pharmacy services for workers Timothy Wentworth President/Director/CEO compensation; and Freedom Fertility Pharmacy offers online prescriptions or refills of fertility medication. Express Scripts operates as Phyllis Anderson Senior VP/Chief Marketing Officer a wholly-owned subsidiary of Cigna Corporation.

Financials

$USD, In whole numbers 2019 2018 2017 2016 2015 2014 2013 Sales 110,321,221,570 105,067,830,067 100,064,600,064 100,287,496,192 101,751,799,808 100,887,101,440 104,098,799,616 Profits 4,980,433,570 4,743,270,067 4,517,400,064 3,404,400,128 2,476,400,128 2,007,600,000 1,844,600,064

Brands Top Salaries

Cigna Corporation Accredo Health Group Salary Bonus CuraScript Specialty Distribution CareCore National Group LLC (eviCore) 971,692 2,528,500 Care Continuum 507,846 714,000 Inside Rx myMatrixx Freedom Fertility Pharmacy

Other Thoughts Corporate Culture

The firm offers employees a comprehensive health package, a 401(k), a stock purchase plan, financial counseling and paid time off.

Company Profile

ZURICH AMERICAN INSURANCE COMPANY (HTTP://WWW.ZURICHNA.COM)

Ticker: Subsidiary Phone: 847-605-6000 Exchange: Fax: 847-413-5187 Employees: 17,221 Address: 1299 Zurich Way Fiscal Year Ends in N/A Schaumberg, IL 60196-1056 United States

Types Of Business Industry Rank for Total Revenue

Industry NAICS code: 524126 1. Berkshire Hathaway Inc (Holding Co) 327,222,984,704 2. Zurich American Insurance Company 110,114,000,000 Parent Company: Zurich Insurance Group Ltd 3. State Farm Insurance Companies 79,400,000,000 4. American International Group Inc (AIG) 49,792,000,000 Property & Casualty Insurance 5. Nationwide Mutual Insurance Company 49,300,000,000 Property & Casualty Reinsurance 6. Allstate Corporation (The) 44,674,998,272 Specialty Insurance 7. Liberty Mutual Group Inc 39,814,000,000 Commercial Auto & Truck Insurance 8. Progressive Corporation (The) 38,997,700,608 Business Insurance 9. USAA 35,600,000,000 Risk Management Services 10. GEICO Corporation 35,031,150,000 Bonding Marine Insurance Contacts Description

Zurich American Insurance Company, a subsidiary of Zurich Insurance Kathleen Savio CEO Group Ltd., is a commercial property and casualty insurance provider to Peter Hirs CFO businesses based in North America. The company’s products and Laura Rock Chief People Officer solutions include coverage for absence, accidents, health, auto rental, builder’s risk, captives, casualty, environmental, group life, disability, Kathleen Savio Pres., Programs & Direct Markets international, management liability, private equity, professional liability, Dennis F. Kerrigan, Jr. Chief Legal Officer programs, property, security/privacy, cyber, strategic risk, surety, trade Nancy Mueller Head-Oper. credit and political risk, umbrella and workers’ compensation. Zurich America’s proprietary RiskIntelligence product is an industry-leading, Craig Fundum Pres., Commercial Markets risk management information tool which provides clients a way to Bryan Salvatore Pres., Specialty Prod. capture, analyze and structure risk information into formats most Dan Riordan CEO-Global Corporate in North America meaningful to their business. Industries served by Zurich American include agriculture, automotive (dealerships, vehicle owners, auto Steve Hatch Chief Claims Officer rental), construction (contractors, design professionals, construction Anurag Batta COO products, construction risk), financial institutions (banking, credit Randall Clouser Head-Dist.& Regional Mgmt. unions, insurance companies, management/professional liability), healthcare, international, manufacturing, marine, railroad, real estate and technology.

Financials

$USD, In whole numbers 2019 2018 2017 2016 2015 2014 2013 Sales 110,114,000,000 11,245,500,000 10,710,000,000 10,200,000,000 10,200,000,000 10,056,000,000 10,215,000,000 Profits

Brands Top Salaries

Zurich Insurance Group Ltd RiskIntelligence Salary Bonus

Other Thoughts Corporate Culture

Employees of the firm receive benefits including medical, dental and vision care; life insurance; an employee assistance program; tuition reimbursement; and elder care.

Company Profile

ANTHEM INC (HTTPS://WWW.ANTHEMINC.COM)

Ticker: ANTM Phone: 317 488-6000 Exchange: NYS Fax: Year Established: 2001 Address: 220 Virginia Avenue Employees: 70,600 Indianapolis, IN 46204 United States Fiscal Year Ends in December

Types Of Business Industry Rank for Total Revenue

Industry NAICS code: 524114 1. UnitedHealth Group Inc 240,269,000,704 2. Cigna Corporation 153,742,999,552 3. Anthem Inc 104,212,996,096 Health Insurance 4. Centene Corporation 74,638,999,552 Health Maintenance Organizations (HMOs) 5. CVS Health (Aetna Health Care Benefits) 69,600,000,000 Point-of-Service Plans 6. Humana Inc 64,888,000,512 Dental and Vision Plans 7. Health Care Service Corporation (HCSC) 38,600,000,000 Plan Management (ASO) for Self-Insured Organizations 8. UnitedHealthcare Community & State 32,750,000,000 Prescription Plans 9. Blue Cross and Blue Shield of Michigan 29,420,000,000 Wellness Programs 10. AFLAC Incorporated 22,222,999,552 Medicare Administrative Services

Contacts Description

Anthem, Inc. is a health benefits company, serving more than 42 million Gail Boudreaux CEO/Director/Pres. medical members through its affiliated health plans (as of September John Gallina CFO/Executive VP 2020). Through its affiliated companies, Anthem services more than 106 Elizabeth Tallett Chairman of the Board/Director million people. The firm is an independent licensee of the Blue Cross and Blue Shield Association, an association of independent health benefit Ronald Penczek Chief Accounting Officer/Senior VP plans, and also serves customers throughout the country under the Aim Gloria McCarthy Chief Administrative Officer/Executive VP Specialty Health, America’s 1st Choice, Amerigroup, Aspire Health, R. Clark Director CareMore, Freedom Health, HealthLink, HealthSun, Optimum HealthCare, Simply Healthcare and UniCare brands. Anthem also Ramiro Peru Director provides pharmacy benefits management services through its IngenioRx Robert Dixon Director subsidiary. Anthem is licensed to conduct insurance operations in all 50 Bahija Jallal Director U.S. states and the District of Columbia through its subsidiaries. Anthem offers a broad spectrum of network-based managed care plans to large Antonio Neri Director group, small group, individual, Medicaid and Medicare markets. Managed Julie Hill Director care plans include preferred provider organizations (PPOs), health Lewis Hay Director maintenance organizations (HMOs), point-of-service (POS) plans, Thomas Zielinski Executive VP/General Counsel traditional indemnity plans and other hybrid plans. The firm also offers hospital only and limited benefit products, as well as an array of Leah Stark Executive VP/Other Executive Officer managed care services to self-funded customers, including claims Felicia Norwood Executive VP/President, Divisional processing, stop loss insurance, actuarial services, provider network Prakash Patel Executive VP/President, Divisional access, medical cost management, disease management, wellness programs and other administrative services. Anthem provides specialty Peter Haytaian Executive VP/President, Divisional and other insurance products and services such as dental, vision, life and disability benefits, radiology benefit management and analytics- driven personal healthcare. The firm provides services to the federal Auditor: EY government in connection with the Federal Employee Program (FEP). Legal Advisor: Faegre Baker Daniels LLP During 2020, Anthem acquired Beacon Health Options, a behavioral health organization serving more than 36 million people across all 50 U.S. states.

Financials

$USD, In whole numbers, 2019 2018 2017 2016 2015 2014 except marked * or % Financials Revenue 104,213,000,000 92,105,000,000 90,039,400,000 84,863,000,000 79,156,500,000 73,874,100,000 Cost of Revenue ------Gross Margin % ------R&D Expense ------Operating Income ------Operating Margin % ------SGA Expense 13,364,000,000 14,020,000,000 12,649,600,000 12,557,900,000 12,534,800,000 11,748,400,000 Net Income 4,807,000,000 3,750,000,000 3,842,800,000 2,469,800,000 2,560,000,000 2,569,700,000 Earnings Per Share 18.81 14.53 14.70 9.39 9.73 9.31 Dividends 3.20 3.00 2.70 2.60 2.50 1.75 Book Value Per Share 123.88 113.03 101.33 93.82 88.95 90.61 Operating Cash Flow 6,061,000,000 3,827,000,000 4,184,800,000 3,204,500,000 4,116,000,000 3,369,300,000 Capital Expenditure 1,077,000,000 1,208,000,000 799,500,000 583,600,000 638,200,000 714,600,000 Free Cash Flow 4,984,000,000 2,619,000,000 3,385,300,000 2,620,900,000 3,477,800,000 2,654,700,000 Profitability EBITDA ------Return on Assets % 6.45 5.28 5.67 3.90 4.14 4.23 Return on Equity % 15.95 13.63 14.89 10.26 10.83 10.49 Net Margin % 4.61 4.07 4.27 2.91 3.23 3.48 Assets Turnover 1.40 1.30 1.33 1.34 1.28 1.21 Financial Leverage 2.44 2.51 2.66 2.59 2.68 2.56

Brands Top Salaries

Blue Cross and Blue Shield Association Aim Specialty Health Name Title Salary (US$) Bonus CareMore (US$) Freedom Health Gail Boudreaux CEO/President 1,400,000 - HealthSun Gloria McCarthy Chief Administrative 825,000 - Optimum HealthCare Officer/Executive VP IngenioRx John Gallina CFO/Executive VP 820,192 - Beacon Health Options Peter Haytaian Executive VP/President, 820,192 - Divisional Felicia Norwood Executive VP/President, 720,192 - Divisional

Other Thoughts Corporate Culture

Apparent Female Officers or Directors: Anthem offers comprehensive health benefits, retirement plans and a variety of employee assistance programs.

Company Profile

BANK OF AMERICA CORPORATION (HTTPS://WWW.BANKOFAMERICA.COM)

Ticker: BAC Phone: 704 386-5681 Exchange: NYS Fax: Year Established: 1998 Address: 100 North Tryon Street Employees: 208,000 Bank of America Corporate Center Fiscal Year Ends in December Charlotte, NC 28255 United States

Types Of Business Industry Rank for Total Revenue

Industry NAICS code: 522110 1. JPMorgan Chase & Co Inc 115,626,999,808 2. Bank of America Corporation 91,244,003,328 3. Wells Fargo & Company 85,063,000,064 Banking 4. Citigroup Inc 74,285,998,080 Asset Management 5. Capital One Financial Corporation 27,830,999,040 Investment & Brokerage Services 6. US Bancorp (US Bank) 22,883,000,320 Mortgages 7. PNC Financial Services Group Inc 17,827,000,320 Credit Cards 8. Bank of New York Mellon Corporation 15,559,000,064 Insurance Agency 9. Truist Financial Corporation 12,444,999,680 10. BB&T Corporation 12,022,500,403

Contacts Description

Bank of America Corporation is a bank holding and a financial holding Brian Moynihan CEO/Chairman of the Board/Director company, through which its subsidiaries provide a diversified range of /President related services on a global basis. The company operates through four Paul Donofrio CFO primary business segments: consumer banking, global wealth and Rudolf Bless Chief Accounting Officer investment management (GWIM), global banking and global markets. Consumer banking provides deposit and lending services, as well as Andrea Smith Chief Administrative Officer small business client management services, consumer and small Geoffrey Greener Chief Risk Officer business credit card services, debit card services, consumer vehicle Catherine Bessant Chief Technology Officer/Other Executive lending and home loan options. GWIM offers Merrill Lynch branded Officer global wealth management, as well as U.S. trust services and private wealth management services. Global banking offers investment banking, Thomas Montag COO global corporate banking, global commercial banking and business Monica Lozano Director banking services. The global markets segment offers fixed income and Susan Bies Director equity market products. Other activities by Bank of America include asset and liability management (ALM), equity investments, international Linda Hudson Director consumer cards, merchant services, liquidating services, residual Frank Bramble Director expense allocation services and more. Jack Bovender Director Lionel Nowell Director Michael White Director R. Yost Director Thomas May Director Sharon Allen Director Pierre de Weck Director Arnold Donald Director Thomas Woods Director Maria Zuber Director Clayton Rose Director David Leitch General Counsel Sheri Bronstein Other Executive Officer Dean Athanasia President, Divisional Kathleen Knox President, Subsidiary Andrew Sieg President, Subsidiary

Auditor: PricewaterhouseCoopers Legal Advisor: McGuirewoods LLP

Financials

$USD, In whole numbers, 2019 2018 2017 2016 2015 2014 except marked * or % Financials Revenue 91,244,000,000 91,247,000,000 87,352,000,000 83,701,000,000 82,246,000,000 83,117,000,000 Cost of Revenue ------Gross Margin % ------R&D Expense ------Operating Income ------Operating Margin % ------SGA Expense 46,715,000,000 45,911,000,000 47,154,000,000 46,408,000,000 47,962,000,000 65,324,000,000 Net Income 27,430,000,000 28,147,000,000 18,232,000,000 17,906,000,000 15,888,000,000 4,833,000,000 Earnings Per Share 2.77 2.64 1.63 1.58 1.38 0.36 Dividends 0.66 0.54 0.39 0.25 0.20 0.12 Book Value Per Share 27.70 24.80 24.32 24.36 22.51 20.99 Operating Cash Flow 61,777,000,000 39,520,000,000 10,403,000,000 18,306,000,000 27,730,000,000 26,739,000,000 Capital Expenditure - - - - - 1,160,000,000 Free Cash Flow 61,777,000,000 39,520,000,000 10,403,000,000 18,306,000,000 27,730,000,000 25,579,000,000 Profitability EBITDA ------Return on Assets % 1.09 1.15 0.74 0.75 0.68 0.18 Return on Equity % 10.73 10.95 6.83 6.82 6.29 1.71 Net Margin % 28.49 29.26 19.02 19.38 17.51 4.56 Assets Turnover 0.04 0.04 0.04 0.04 0.04 0.04 Financial Leverage 10.08 9.69 9.32 9.05 9.17 9.39

Brands Top Salaries

Name Title Salary (US$) Bonus (US$) Thomas Montag COO 1,250,000 7,700,000 Geoffrey Chief Risk Officer 1,000,000 4,800,000 Greener Paul Donofrio CFO 1,000,000 4,800,000 Dean Athanasia President, Divisional 1,000,000 4,600,000 Brian Moynihan Chairman of the 1,500,000 - Board/Director/CEO

Other Thoughts Corporate Culture

Apparent Female Officers or Directors: Bank of America offers its employees benefits including tuition and adoption reimbursement; medical, dental and vision insurance plans; employee assistance programs; and health care and dependent care flexible spending accounts.

Company Profile

WELLS FARGO & COMPANY (HTTP://WWW.WELLSFARGO.COM)

Ticker: WFC Phone: 866 249-3302 Exchange: NYS Fax: Year Established: 1852 Address: 420 Montgomery Street Employees: 264,900 San Francisco, CA 94163 United States Fiscal Year Ends in December

Types Of Business Industry Rank for Total Revenue

Industry NAICS code: 522110 1. JPMorgan Chase & Co Inc 115,626,999,808 2. Bank of America Corporation 91,244,003,328 3. Wells Fargo & Company 85,063,000,064 Banking 4. Citigroup Inc 74,285,998,080 Credit & Debit Cards 5. Capital One Financial Corporation 27,830,999,040 Personal Trust Accounts Management 6. US Bancorp (US Bank) 22,883,000,320 Mutual Fund Administration 7. PNC Financial Services Group Inc 17,827,000,320 Mortgages 8. Bank of New York Mellon Corporation 15,559,000,064 Insurance Services 9. Truist Financial Corporation 12,444,999,680 Investment Banking 10. BB&T Corporation 12,022,500,403 Asset Management

Contacts Description

Wells Fargo & Company (WFC), with $1.92 trillion in assets, is a holding C. Allen Parker CEO/Director/President company that provides diversified financial services. The San John Shrewsberry CFO/Senior Executive VP Francisco-based company operates throughout the U.S., as well as in Richard Levy Chief Accounting Officer/Controller over 30 countries and territories to support customers who conduct /Executive VP business in the global economy. The firm operates primarily through Wells Fargo Bank, NA. WFC operates in three business segments: Amanda Norton Chief Risk Officer/Senior Executive VP community banking, wholesale banking and wealth and investment Charles Noski Director management. Through these segments WFC provides retail, commercial Ronald Sargent Director and corporate banking services through banking locations and offices, the internet and other distribution channels to individuals, businesses Theodore Craver Director and institutions. Other financial services include wholesale banking, Donald James Director mortgage banking, consumer finance, equipment leasing, agricultural Celeste Clark Director finance, commercial finance, securities brokerage, investment banking, insurance agency and brokerage services, computer and data processing John Baker Director services, trust services, investment advisory services, mortgage-backed Maria Morris Director securities servicing and venture capital investment. In December 2020, James Quigley Director WFC filed to remove its listing and registration of matured, redeemed or Suzanne Vautrinot Director retired securities from the New York Stock Exchange. Juan Pujadas Director Wayne Hewett Director Elizabeth Duke Director/Chairman of the Board David Galloreese Other Corporate Officer/Senior Executive VP Avid Modjtabai Senior Executive VP, Divisional Perry Pelos Senior Executive VP, Divisional Mary Mack Senior Executive VP, Divisional Jonathan Weiss Senior Executive VP, Divisional

Auditor: KPMG LLP Legal Advisor:

Financials

$USD, In whole numbers, 2019 2018 2017 2016 2015 2014 except marked * or % Financials Revenue 85,063,000,000 86,408,000,000 87,121,000,000 87,388,000,000 83,827,000,000 81,967,000,000 Cost of Revenue ------Gross Margin % ------R&D Expense ------Operating Income ------Operating Margin % ------SGA Expense 38,514,000,000 34,134,000,000 34,658,000,000 33,061,000,000 31,654,000,000 30,870,000,000 Net Income 19,549,000,000 22,393,000,000 22,183,000,000 21,938,000,000 22,894,000,000 23,057,000,000 Earnings Per Share 4.08 4.31 4.14 4.03 4.18 4.17 Dividends 1.92 1.64 1.54 1.52 1.48 1.35 Book Value Per Share 41.54 38.26 36.87 35.57 33.51 31.55 Operating Cash Flow 6,730,000,000 36,073,000,000 18,722,000,000 169,000,000 14,772,000,000 17,529,000,000 Capital Expenditure ------Free Cash Flow 6,730,000,000 36,073,000,000 18,722,000,000 169,000,000 14,772,000,000 17,529,000,000 Profitability EBITDA ------Return on Assets % 0.94 1.08 1.06 1.10 1.24 1.36 Return on Equity % 10.60 11.67 11.53 11.78 12.78 13.68 Net Margin % 21.09 23.94 23.59 23.31 25.61 26.62 Assets Turnover 0.04 0.04 0.04 0.05 0.05 0.05 Financial Leverage 11.64 10.96 10.75 11.03 10.47 10.21

Brands Top Salaries

Wells Fargo Bank NA Name Title Salary (US$) Bonus (US$) Charles Scharf CEO/President 498,084 5,000,000 C. Allen Parker Former CEO/Former 1,781,609 1,500,000 General Counsel/Former President Saul Van Other Corporate 735,632 2,400,000 Beurden Officer/Senior Executive VP John CFO/Senior Executive VP 2,000,000 - Shrewsberry Mary Mack CEO, Divisional/Senior 1,707,854 - Executive VP

Other Thoughts Corporate Culture

Apparent Female Officers or Directors: Wells Fargo offers its employees a 401(k) plan, tuition reimbursement, adoption assistance, discounted checking and savings accounts and scholarships for dependent children.

Company Profile

STATE FARM INSURANCE COMPANIES (HTTP://WWW.STATEFARM.COM)

Ticker: Mutual Company Phone: 309-766-2311 Exchange: Fax: 309-766-3621 Employees: 58,000 Address: 1 State Farm Plaza Fiscal Year Ends in N/A Bloomington, IL 61710 United States

Types Of Business Industry Rank for Total Revenue

Industry NAICS code: 524126 1. Berkshire Hathaway Inc (Holding Co) 327,222,984,704 2. Zurich American Insurance Company 110,114,000,000 3. State Farm Insurance Companies 79,400,000,000 Insurance, Direct Property & Casualty 4. American International Group Inc (AIG) 49,792,000,000 Accident Insurance 5. Nationwide Mutual Insurance Company 49,300,000,000 Health Insurance 6. Allstate Corporation (The) 44,674,998,272 Life Insurance 7. Liberty Mutual Group Inc 39,814,000,000 Annuities 8. Progressive Corporation (The) 38,997,700,608 Automobile Insurance 9. USAA 35,600,000,000 Banking/Savings Association 10. GEICO Corporation 35,031,150,000 Mutual Funds

Contacts Description

State Farm Insurance Companies is a mutual company providing Michael L. Tipsord CEO/Pres. personal property and casualty insurance, as well as banking and Michael L. Tipsord Chmn. investment products through State Farm agents located across the U.S. Insurance products include car, motorcycle, boat, off-road vehicles, motorhomes, home/property, life, health, disability, liability, identity restoration and small business. Home and property insurance encompasses home, condominium, renters insurance, rental property, personal articles and far and ranch. Life insurance spans term life, whole life and universal life. Health insurance includes supplemental health, Medicare supplement, individual medical and more. Disability insurance includes both short- and long-term coverage. Liability products include personal, business and professional. Banking products include vehicle loans, home loans, checking and savings accounts and credit cards. Investment products span retirement options, mutual funds, educational savings, estate planning and annuities. In September 2020, State Farm agreed to acquire GAINSCO, Inc., which focuses on the non-standard personal automobile market, specializing in minimum-limits personal auto insurance.

Financials

$USD, In whole numbers 2019 2018 2017 2016 2015 2014 2013 Sales 79,400,000,000 81,700,000,000 78,300,000,000 76,100,000,000 75,700,000,000 71,200,000,000 68,291,000,000 Profits 5,600,000,000 8,800,000,000 2,200,000,000 400,000,000 6,200,000,000 4,200,000,000 5,189,000,000

Brands Top Salaries

Salary Bonus

Other Thoughts Corporate Culture

Employee benefits include medical, dental and life coverage; a 401(k); a company retirement plan; and a wellness program.

Appendix: Assumptions

U.S. GDP Growth Forecasts

(In Bil. Current US$)

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Data includes estimates and forecasts. See "Data Description and Sources" section for details. 111 © Plunkett Research, Ltd. All Rights Reserved. www.plunkettresearch.com the Data or Derived Data, c) Any Data exported by the User may only be distributed if the following conditions are met: i) Data must be incorporated in added-value reports or presentations, either of which are part of the regular services offered by the User and not as stand-alone products. ii) Data may not be used as part of a general mailing or included in external websites or other mass communication vehicles or formats, including, but not limited to, advertisements. iii) Except as provided herein, Data may not be resold by User.

“Insubstantial Portions” shall mean an amount of the Data that (1) has no independent commercial value, (2) could not be used by User, its clients, Authorized Users and/or its agents as a substitute for the Data or any part of it, (3) is not separately marketed by the User, an affiliate of the User or any third-party source (either alone or with other data), and (4) is not retrieved by User, its clients, Authorized Users and/or its Agents via regularly scheduled, systematic batch jobs.

LIMITED WARRANTY; DISCLAIMER OF LIABILITY:

While Plunkett Research, Ltd. (“PRL”) has made an effort to obtain the information presented in the Data from sources deemed reliable, PRL makes no warranties, expressed or implied, regarding the Data contained herein. The Data is provided to the End-User “AS IS” without warranty of any kind. No oral or written information or advice given by PRL, its employees, distributors or representatives will create a warranty or in any way increase the scope of this Limited Warranty, and the Customer or End-User may not rely on any such information or advice

Customer Remedies : PRL’s entire liability and your exclusive remedy shall be, at PRL’s sole discretion, either (a) return of the price paid, if any, or (b) repair or replacement of the product that does not meet PRL's Limited Warranty and that is returned to PRL with sufficient evidence of or receipt for your original purchase.

NO OTHER WARRANTIES:

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, PRL, ITS CONTENT PROVIDERS AND ITS DISTRIBUTORS DISCLAIM ALL OTHER WARRANTIES AND CONDITIONS, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT WITH REGARD TO THE PRODUCT, AND THE PROVISION OF OR FAILURE TO PROVIDE SUPPORT SERVICES

LIMITATION OF LIABILITY:

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL PRL, ITS CONTENT PROVIDERS OR ITS DISTRIBUTORS BE LIABLE FOR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS PROFITS, BUSINESS INTERRUPTION, ABILITY TO OBTAIN OR RETAIN EMPLOYMENT OR REMUNERATION, ABILITY TO PROFITABLY MAKE AN INVESTMENT, OR ANY OTHER PECUNIARY LOSS) ARISING OUT OF THE USE OF, OR RELIANCE UPON, THE DATA, OR THE INABILITY TO USE THIS DATA OR THE FAILURE OF PRL TO PROVIDE SUPPORT SERVICES, EVEN IF PRL HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN ANY CASE, PRL’S ENTIRE LIABILITY SHALL BE LIMITED TO THE AMOUNT ACTUALLY PAID BY YOU FOR THE PRODUCT

Among other things, this Limited Warranty applies to your ability to install or download an electronic file or software or such an installation's effects on your computer or other electronic devices. Plunkett Research, Ltd. assumes no liability and does not guarantee that this Data will install or function correctly on your computer or other electronic devices and further does not guarantee or accept any liability for the results of your attempt to

Data includes estimates and forecasts. See "Data Description and Sources" section for details. 112 © Plunkett Research, Ltd. All Rights Reserved. www.plunkettresearch.com install this Data, including any fault or dysfunction (including, but not limited to: computer viruses and/or alterations to computer files, registries or setups) to your computer or electronic devices that may be caused by installation or use.

CAUTION:

When using the Data or any other source for business and industry information, the user should use caution and diligence by conducting further research. The user is advised that business and industry conditions can change quickly and that there may be omissions or inaccuracies in the Data.

Market and industry statistics, company revenues, profits, debts and other details may be estimates. Financial information, company plans or status, employee benefits and other data can change quickly and may vary from those stated here. Past performance is no guarantee of future results

Data includes estimates and forecasts. See "Data Description and Sources" section for details. 113