THE EQUITABLE COMPANIES INCORPORATED
After-Tax Opertaing Earnings
(Unaudited)(In $ Millions, Except Per Share Amounts)
 |
| |
Three Months Ended
June 30, |
Six Months Ended
June 30, |
| |
1999 |
1998 |
1999 |
1998 |
|
| Total revenues |
$ 3,512.1 |
$ 2,952.5 |
$ 6,464.8 |
$5,896.3 |
| Total benefits and other deductions |
2,890.6 |
2,470.1 |
5,379.0 |
4,906.3 |
 |
| Earnings from continuing operations before Federal income taxes and minority interest |
621.5 |
482.4 |
1,085.8 |
990.0 |
| Federal income taxes |
144.4 |
158.3 |
301.1 |
328.8 |
| Minority interest in net income of consolidated subsidiaries |
94.8 |
76.6 |
176.0 |
147.6 |
|
| Earnings from continuing operations |
382.3 |
247.5 |
608.7 |
513.6 |
| Discontinued operations, net of Federal income taxes |
(1.3) |
1.3 |
(6.6) |
(1.8) |
|
| Net earnings |
$ 381.1 |
$ 248.8 |
$ 602.1 |
$ 515.4 |
|
| Dilutive effect of subsidiary options |
(12.5) |
(9.1) |
(21.1) |
(16.8) |
|
| Net Earnings Applicable to Common Shares |
$ 368.5 |
$ 239.7 |
$ 581.0 |
$ 498.6 |
|
Earnings from Continuing Operations
Per Common Share: |
|
| Basic |
$ 1.74 |
$ 1.11 |
$ 2.78 |
$ 2.31 |
| Diluted |
$ 1.66 |
$ 1.05 |
$ 2.65 |
$ 2.20 |
| Net Earnings Per Common Share: |
|
| Basic |
$ 1.74 |
$ 1.12 |
$ 2.75 |
$ 2.32 |
| Diluted |
$ 1.66 |
$ 1.06 |
$ 2.62 |
$ 2.21 |
| Weighted Average Number of Common SharesOutstanding: |
|
| Basic |
219.4 |
222.7 |
219.2 |
222.5 |
| Diluted |
222.3 |
226.1 |
222.0 |
225.4 |
|
Cash Dividends Per Common Share
 |
$ .05
|
$ .05
|
$ .10
|
$ .10
|
|
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|
