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The company provided definitions for both GAAP and non-GAAP financial measures used to evaluate performance and establish targets.
Management uses these measures to evaluate performance against historical results.
The measures help in establishing financial targets on a consolidated basis.
Some measures exclude items like net investment gains/losses and unrealized investment gains, which can be affected by economic factors.
Adjusted book value per share, tangible book value per share, and debt to total capitalization ratio are among the non-GAAP measures discussed.
Analyze how earnings announcements historically affect stock price performance