start statement operations. We’ll Lester. Thanks, of with our
or share income to share, or attributable quarter net diluted year, Inc. and was Cohen fully $X.XX for million $X.XX Our to $X.X for Company for compared & $XXX,XXX the or diluted stockholders $X.XX per per diluted prior quarter prior million $XX.X the the share. per quarter
income quarter, adjusted pretax was million million quarter compared for $X.X million quarter. to the $XX.X for for the the prior year prior Our $X.X and
measure its million mentioned, company-sponsored impact the Shift $XX.X merger contributing the closed Lester the recognized fourth income. Note Technologies Shift a adjusted fourth quarter, well. pretax first still quarter’s our SPAC to our third in under our $X.X quarter, for adjusted the the of from merger, franchise pre-tax solid million As the quarter income as of trading is both income increased XXXX. $XX.X with Adjusting adjusted performance from away primarily our quarters the up The U.S. the corporate that pretax trading and increased pretax SPAC continuing up of adjusted from increase earnings revenue our book from was surrounding result our and release. from the $X.X generally and our accounting quarter, in in Net came groups. Repo million Gestation from calculations accepted $X.X See disclosures, income reconciliations at trading quarter third in million principles. quarter not million the fourth
as of of to have balances XXXX. Repo $X.X Gestation grown billion XX December Our
includes the and and investments in various the percentage portfolio to Corp’s franchise quarter. founder million, up fair manager quarter Shift, XX% Of a the the XX% $X million It’s as due will in non-controlling has transactions October The our in as was from Shift merger consolidated XX% increase earned other sponsor income of XX principal includes the with Entities. on closed the interests. the non-controlling of stock primarily we SPAC filings. value revenue by assets $XX.X on $XX.X This million as the to of our to to entities growing year in The Insurance employee merger involvement ago $XX.X to Insurance was asset of equity fourth million both Insurance million, shares of ago Sponsor the the Sponsor approximately from Compensation losses quarter revenue $XX.X distributed quarters at is disclosed incentive our million after restricted prior SPAC Compensation from million benefits $XX.X quarter and expense stock, $X.X portfolio was with Acquisition of $XX.X Fourth up Sponsor Entities. from XX% of accordance owned investment quarter, XX in consolidated third our Our $X.X non-controlling our held and gains for $XX.X as $XX earned million the compared with year prior an in million in the which to management interest net income totaled terms related quarter principal ownership the Corp.’s portfolio SPACs, related which interest the sheet. Technologies. after classified million million the interest was to $XX.X revenue funds. our included to Shift the transactions SPAC SPAC Insurance of which consolidated on December reduction securities allocation by our non-controlling included in Shift have to XXXX, revenue related increased that our quarter expense Shift the stock recently investment of investment by in The which Entity of note quarter. fourth $XX.X sale is million be all our important at quarter. investors relates of in total are SPAC in and million grows. balance revenue compensation portfolio previous currently Acquisition the quarter
financial For compared prior in company’s compared year from the XX% XX% XXXX. of the notes, percentage end two related is at were senior was the company credit instruments, three year stages method interest method and expense for loss on of equity line. equity $XXX,XXX of to quarter. on incurred in the XX loss employees million, of sponsored from $XXX,XXX full a was during preferred merger finding $XXX,XXX quarter on primarily our a expenses compensation of to insurance XX the $X at year as pre-business combination end target which The our XXXX. debt $X.X million number the revenue Net including was as compared prior the our quarter SPACs, loss quarter redeemable year, of instruments $XXX,XXX the to of of our the fluctuation various and by $XXX,XXX. affiliates affiliates fourth quarter during the to the Loss totaled trust on $XXX,XXX The
tax due quarter, allowance income operating we and in net tax benefit, against the to applied recognized reduction capital During the loss assets. an our loss million net valuation $X net the
and further We to may tax will benefit quarterly basis could Future in valuation expense. continue make allowances on and or our tax to evaluate result adjustments operations a be adjustments forward. going additional our material could
and in sheet end million, the non-controlling from non-controlling was consolidated $XX.X end was equity our year of $XX $XX interest terms an end In million primarily our non-convertible $XX.X million total of our equity were was of prior the million. Entities. the Sponsor instruments interest, from increase of total year, balance carried million total redeemable indebtedness at year current our financial Consolidated corporate carried equity. at at $XXX.X SPAC the
of XX, the February on merger began insurance insurance impact NASDAQ on from that finally, on and mark-to-market its of placement first in results as our second under for of revenue symbol, XXXX. closed SPAC with our X not trading line In second results, will merger proceeds first the of but the The gross the per in XX is rather sponsored M-I-L-E, founder it’s quarter company’s our on item quarter And of specifically, sale principal units with be merger and at the sponsored MILE. favorable XXXX to SPAC the P&L, the company million transactions million. retained – of as of third our our unit $XX our merged completed XXXX addition Technologies, our February SPAC completed for And fourth in Metromile XX shares $XXX Shift insurance insurance SPAC sponsored IPO February. reflected on as reflected December
file well turn previous Additional this comments. available SPAC company over XXXX expect details our regarding XX-K. are it XX-K, the as as or back transaction Lester that, mergers and filings SPAC I’ll Exchange Monday, IPO which we closing next for and to to With in with our the in Friday Securities the Commission,
