The following is a discussion of our consolidated financial condition, results
of operations, liquidity and capital resources. This discussion should be read
in conjunction with our Consolidated. | March 31, 2022
The following discussion and analysis of the financial condition and results of operations of Doma should be read together with the audited consolidated financial statements as of December 31, 2021 and 2020 and for the years ended December 31, 2021, 2020, and 2019 together with the related notes thereto, contained in this Annual Report on Form 10- K..
Amounts are after deducting income taxes and exclude earnings attributable to noncontrolling interests. 2021 2020 2019 Insurance- underwriting$ 728$ 657$ 325 Insurance- investment income 4,807 5,039 5,530 Railroad 5,990 5,161 5,481 Utilities and energy 3,495 3,091 2,840 Manufacturing, service and retailing 11,120 8,300. Net earnings attributable to.
Our actual results may differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under "Risk Factors" and in other parts of this Annual Report on Form 10- K. A discussion of the year ended December 31, 2020 compared to the year ended December 31, 2019 has been reported previously in our.