 |
|
Three Months Ended September 30, |
Nine Months Ended September 30, |
|
1998 |
1997 |
1998 |
1997 |
|
| Net
Earnings |
$139.8 |
$186.4 |
$655.2 |
$575.1 |
| Investment
(gains) losses, net of related DAC and other charges |
3.4 |
1.8 |
(64.9) |
(12.5) |
| Gain
on sale of Equitable Real Estate Investment Management |
--- |
--- |
--- |
(162.4) |
| Writedown
of intangible assets at Alliance Capital |
--- |
--- |
--- |
59.5 |
| Restructuring
Charges |
--- |
--- |
--- |
27.6 |
| Discontinued
operations, net of Federal income taxes |
(.7) |
.2 |
(2.5) |
2.9 |
 |
| After-tax
Operating Earnings |
$142.5 |
$188.4 |
$587.8 |
$490.2 |
| After-tax
interest expense on convertible debt |
--- |
1.3 |
--- |
8.9 |
| Dilutive
effect of subsidiary options |
(1.5) |
(6.5) |
(13.4) |
(14.7) |
| Operating
Earnings Applicable to Common Shares |
$141.0 |
$183.2 |
$574.4 |
$484.4 |
|
| Contributions
to After-tax Operating Earnings |
|
|
|
|
| Insurance
Operations |
$ 118.6 |
$ 102.8 |
$
371.5 |
$
279.9 |
| DLJ |
13.6 |
83.7 |
202.0 |
213.6 |
| Alliance
Capital |
26.3 |
19.2 |
61.0 |
44.5 |
| Other |
(16.0) |
(17.3) |
(46.7) |
(47.8) |
| After-tax
Operating Earnings Per Common Share*: |
|
|
|
|
| Basic |
$ .64 |
$ .88 |
$ 2.64 |
$ 2.44 |
| Diluted |
$ .63 |
$ .82 |
$
2.55 |
$
2.18 |
| Weighted
Average Number of Common Shares Outstanding: |
|
|
|
|
| Basic |
221.9 |
211.1 |
222.3 |
194.8 |
| Diluted |
225.1 |
224.0 |
225.3 |
221.7 |
|
Book
Value
Per Common Share |
|
|
$
25.95 |
$
23.35 |
| Per
Common Share, excluding net unrealized investment gains and losses associated
with FASB No. 115 |
|
|
$
23.57
|
$ 21.51
|
|
