8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 24, 2006

ChoicePoint Inc.

(Exact name of registrant as specified in its charter)

Georgia	001-13069	58-2309650
(State of Incorporation)	Commission File Number	(IRS employer identification no.)

1000 Alderman Drive Alpharetta, Georgia	30005
(Address of principal executive offices)	(Zip code)

Registrant’s telephone number, including area code: (770) 752-6000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

On October 24, 2006, ChoicePoint Inc. (“ChoicePoint” or the “Company”) issued a press release announcing third quarter 2006 financial results. The press release is filed as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.

The press release presented non-GAAP financial information such as net free cash flow and operating income before other charges (which are not measures of financial performance under generally accepted accounting principles), which the Company believes is useful for investors to compare the Company’s 2006 results from ongoing operations excluding the effect of other charges. This data is also used by the Company for assessment of its operating results.

On October 24, 2006, ChoicePoint will hold an investor conference call and webcast to disclose financial results for the third quarter of 2006. The webcast will be broadcast at 8:30 a.m. EDT. The webcast can be accessed at www.choicepoint.com and will be available for replay at the same address. The Supplemental Information package that will be placed on the ChoicePoint Inc. website prior to this call is attached and incorporated by reference herein as Exhibit 99.2. All information in this Supplemental Information package is presented as of September 30, 2006, and ChoicePoint Inc. does not assume any obligation to correct or update said information in the future.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

99.1	Press Release of ChoicePoint Inc., dated October 24, 2006, reporting ChoicePoint Inc.’s financial results for the third quarter of 2006.
99.2	Supplemental Information prepared for use in connection with the financial results for the third quarter of 2006.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 24, 2006	CHOICEPOINT INC.
	By:	/s/ Steven W. Surbaugh
		Steven W. Surbaugh
		Executive Vice President and Chief Administrative Officer

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Contact:	Carey Skinner	Chuck Jones
	Investor Relations	Media Calls
	(770) 752-3369	(770) 752-3594
	Carey.Skinner@choicepoint.com	Chuck.Jones@choicepoint.com

ChoicePoint^® Reports Third Quarter 2006 Results

• Total revenue increased 4 percent to $247 million, led by the Insurance Services Segment.

• Net Free Cash Flow of $73 million for the quarter - up 113 percent from 2005.

• Repurchased 6.6 million shares (or approximately 7.5 percent of outstanding shares) during the quarter.

• Recorded charges on businesses that it intends to sell.

ALPHARETTA, GA – October 24, 2006 – For the third quarter of 2006, ChoicePoint Inc. (NYSE: CPS) reported total revenue from continuing operations of $246.7 million, representing growth of 4 percent, compared to $237.0 million for the third quarter of 2005. Diluted earnings per share from continuing operations (“EPS”) for the third quarter was $0.11, which included the following: $25.7 million ($0.31 per share), net of taxes, of asset impairment and related charges associated primarily with the planned disposal of additional non-strategic businesses incremental to the businesses already classified as discontinued operations, $3.1 million ($0.04 per share), net of taxes, of stock option expense under Financial Accounting Standards Board Statement No. 123 (revised 2004), Share Based Payment (“FAS 123(R)”), and $0.5 million ($0.01 per share), net of taxes, for specific expenses related to the previously disclosed fraudulent data access. Excluding these charges, EPS would have been $0.46, a 4 percent increase over EPS excluding other operating charges for the comparable period of 2005.

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A reconciliation of diluted earnings per share calculated in accordance with generally accepted accounting principles (“GAAP”) to diluted earnings per share from continuing operations excluding other charges for the third quarter of 2006 and 2005 is provided in the following table:

	Quarter ended September 30,
	2006		2005
EPS from continuing operations	$	0.11	$	0.41
Asset impairment and related charges		0.31		—
Stock option expense		0.04		—
Fraudulent data access		0.01		0.03
EPS from continuing operations excluding other charges	$	0.46	$	0.44
Note: amounts may not sum due to rounding

As part of its strategic review, in the quarter ended September 30, 2006 the Company recorded the charge described above of $25.7 million ($0.31 per share), net of taxes, primarily related to the proposed sale of additional smaller non-strategic businesses. While the Company has not yet met the criteria for classifying these businesses as discontinued operations under GAAP, current intentions and the receipt of indicative bids for these businesses require the recording of this charge in continuing operations at this time.

As disclosed in the Company’s press release of July 10, 2006, ChoicePoint announced plans to divest its Precision Marketing, Bode Labs and Equisearch businesses as a result of its company-wide strategic review. During the third quarter of 2006, the Company recorded a non-cash charge of $132.9 million ($81.6 million after tax benefit) in discontinued operations to reduce the carrying value of goodwill and other assets related to these businesses in order to reflect the estimated net proceeds to be realized from selling these three businesses based on indicative bids received to date. This charge also includes $3.1 million net of taxes from the previously announced sale of Priority Data.

Since announcing the decision on July 10, 2006 to divest these businesses, expressions of interest and specific preliminary offers to purchase have been received by the Company. While transactions have not yet been consummated and the Company has no definitive agreements to sell these businesses, GAAP requires recognition of the estimated impairment at this time.

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While these dispositions are not yet finalized and actual results may vary from these estimates, the charges recorded during this quarter reflect the completion of the current strategic review by the Company. After combining the results of continuing and discontinued operations, the Company incurred a net loss of $72.2 million ($0.86 per share) for the third quarter of 2006.

Cash Flow and Balance Sheet Highlights – Third Quarter

• Cash flows from operating activities of continuing operations were $87.5 million for the three months ended September 30, 2006, compared to $50.2 million for the same period in 2005, an increase primarily due to effective collections and working capital management. Days Sales Outstanding (adjusted for pass-through expenses) improved in the third quarter of 2006 to 41 days from 44 days in the second quarter of 2006. With $14.8 million in capital expenditures during the third quarter of 2006, net free cash flow (cash flows from operating activities of continuing operations less capital expenditures) for the three months ended September 30, 2006 was $72.7 million, a 113% increase from $34.0 million in the third quarter of 2005. Net free cash flow for the nine months ended September 30, 2006 was $100.8 million and cash flow from operating activities of continuing operations was $152.6 million.

• During the third quarter, 6.6 million shares of the Company’s common stock were repurchased for $232.9 million at an average cost of $35.38 per share, leaving $167.7 million currently authorized in the Company’s buyback program. A total of 11.8 million shares have been repurchased for $457.3 million under the Company’s buyback program since its approval on July 26, 2005.

• Net debt (total debt of $390.0 million less cash and cash equivalents of $37.2 million) at September 30, 2006, increased by $244.1 million from December 31, 2005 to $352.8 million, with an average effective interest rate of 5.8%, as the Company used its cash flow from operations and incremental borrowings to repurchase shares, complete acquisitions and fund capital expenditures. Total interest expense for the three months ended September 30, 2006 was $4.7 million. The net debt to book capital ratio (net debt divided by the sum of net debt and total shareholders’ equity) at September 30, 2006 was 32.8%. The remaining debt capacity at September 30, 2006 under our committed financing lines was $100 million.

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Financial Highlights – Third Quarter

• Internal revenue (total revenue less revenue from acquisitions) increased 3 percent over the third quarter of 2005, led by continued growth in our Insurance Services and Screening and Authentication Services segments partially offset by weaker performances in our Financial and Professional Services and Government Services segments and the negative financial impact of the Company’s re-credentialing efforts. Third quarter total revenue increased 4 percent to $246.7 million in 2006 from $237.0 million in 2005.

• Operating income for the third quarter of 2006 was $16.4 million, compared to $61.7 million for the same period of 2005. Operating income for the three months ended September 30, 2006, included the following:

• $45.1 million ($25.7 million net of taxes) included in other operating charges, of asset impairment and related charges primarily associated with the planned disposal of additional non-strategic businesses incremental to those businesses already classified as discontinued operations.

• $3.9 million ($3.1 million net of taxes) of stock option expense recorded under FAS 123(R). Approximately $1.1 million of stock option expense is included in cost of revenue. The remaining $2.8 million of stock option expense is included in selling, general and administrative expenses.

• $0.9 million ($0.5 million net of taxes) for third party expenses related to the previously disclosed fraudulent data access. These expenses are included in other operating charges.

In the same period of 2005, the Company recorded $4.0 million ($2.5 million net of taxes) of other operating charges for third party expenses related to the fraudulent data access.

Excluding these charges, operating income would have been $66.3 million and $65.7 million for the third quarter of 2006 and 2005, respectively.

• The Company’s effective tax rate from continuing operations in the third quarter of 2006 was 24.7%, compared to 38.0% in the same period of 2005. Exclusive of the impact of the asset impairment and related charges, the effective tax rate for the quarter would have been consistent at the approximate 38% rate utilized in prior quarters.

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• Interest expense was $4.7 million for the third quarter of 2006, an increase from $0.9 million for the third quarter of 2005 due to higher average debt outstanding associated with the Company’s share repurchase program and higher interest rates.

Operational Highlights

Insurance Services

• Total revenue increased 11 percent to $116.1 million in the third quarter of 2006, compared to $104.8 million in the same period of the prior year. Despite a softer insurance market in 2006, internal revenue grew 8 percent during the third quarter of 2006 as compared to the same period of the prior year driven by continued strong demand in the core business, sequential improvement in the home insurance market and double digit internal revenue growth in Insurity and Claims Solutions.

• Operating income increased 5 percent in Insurance Services to $60.6 million for the third quarter of 2006 compared with $57.9 million for the third quarter of 2005. Operating profit margin was 52.2 percent for the third quarter of 2006 compared to 55.3 percent in the same period of 2005. The margin was negatively impacted by the acquisition of four businesses and development costs of new products, including the commercial lines initiative. The year to date impact on margin from these acquisitions and development costs is estimated to be approximately 200-250 basis points.

• Insurity and Claims Solutions continued their double-digit internal revenue growth trend from prior quarters and each delivered total revenue growth in the high teen to low 20% range for the quarter ended September 30, 2006.

Screening and Authentication Services

• Third quarter total revenue increased 5 percent to $66.8 million in 2006 compared to $63.7 million in 2005. Internal revenue growth was 4 percent for the third quarter of 2006, despite a tough hiring environment and the effects of the Company’s re-credentialing efforts as the Company had to terminate the contracts of certain customers that elected to not comply with our enhanced credentialing procedures and requirements. The Company experienced slightly improving trends in the retail vertical and signed $12 million in new deals in this business during the quarter. The Company also realized solid, double-digit internal revenue growth from its vital records, Bridger and MARI businesses.

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• Operating income in Screening and Authentication Services was $15.7 million for the third quarter of 2006, compared to $16.4 million in the same period of the prior year. Operating profit margin was 23.6 percent for the third quarter of 2006, compared to 25.8 percent in the same period of the prior year. This decrease is primarily due to changes in product mix and investments in technology, system enhancements and process improvements.

Government Services

• Total revenue and internal revenue declined 1 percent to $35.1 million in the third quarter of 2006, compared to $35.3 million in the third quarter of 2005. Revenues in this segment were positively impacted by continued strong results in the software business, which has grown revenues 18 percent year to date, offset by continued pricing pressure in our data business, where revenues have fallen 20 percent year to date.

• Operating income in Government Services of $4.9 million for the third quarter of 2006 decreased from $6.5 million for the comparable period of 2005. Operating profit margin in Government Services for the third quarter of 2006 was 13.8 percent, compared to 18.4 percent in 2005, due primarily to the impact of the aforementioned pricing pressures.

Financial and Professional Services

• Total revenue and internal revenue in the third quarter for the Financial and Professional Services segment declined 11 percent to $28.6 million in 2006 from $32.2 million in 2005. These results reflect weaker volumes in our real estate related services, offset by improving trends in our automated public records products.

• Operating income in the Financial and Professional Services segment was $2.4 million for the third quarter of 2006, compared with $5.1 million for the same period of 2005. Third quarter 2006 operating profit margin was 8.5 percent compared to 15.7 percent in 2005, primarily as a result of the revenue decline discussed above.

Corporate & Shared Expenses

• For the third quarter of 2006, corporate and shared expenses were $17.3 million, or 7.0 percent of total revenues, down from $20.7 million or 8.7 percent of total revenues in the third quarter of 2005, due primarily to cost containment initiatives and a lower level of incentive compensation expenses.

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Outlook

Based on recent business and economic trends, ChoicePoint expects 2006 full year internal revenue growth from continuing operations to be in the range of 4 to 6 percent, with improving trends in the last quarter of 2006. Including the impact of acquisitions, total revenue growth is expected to be in the range of 5 to 7 percent for the full year 2006. Additionally, the Company expects operating profit margins from continuing operations to be approximately 26 to 27 percent for the full-year, excluding the impact discussed below of stock option expense, on-going legal expenses related to the previously disclosed fraudulent data access, and operating charges related to the Company’s centralization of functions and consolidation of certain technology platforms. Operating margins from continuing operations including these expenses are projected to be approximately 23 to 24 percent for the full year.

The Company recorded a pre-tax charge, associated with continuing operations, in the third quarter of $3.9 million ($3.1 million net of taxes) of stock option expense, for a year-to-date total of $10.3 million ($7.9 million net of taxes), as a result of adoption of FAS 123(R) as of January 1, 2006. The Company expects full-year 2006 income from continuing operations, net of taxes, to be impacted by between $11 million and $12 million of stock option expense.

The Company incurred legal expenses and other professional fees related to the previously disclosed fraudulent data access of $0.9 million during the third quarter of 2006. The Company continues to estimate a total pretax expense of between $3 and $4 million for the full year 2006, exclusive of any potential settlements.

Other operating charges associated with centralizing functions and consolidating certain technology platforms were $1.4 million ($0.7 million net of taxes) in the third quarter of 2006, for a year-to-date total of $13.9 million ($8.5 million net of taxes). A total pretax expense of between $14 and $15 million is expected for the full year of 2006.

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Webcast

ChoicePoint’s third quarter results will be discussed in more detail on October 24, 2006, at 8:30 a.m. EDT via teleconference. The live audio Webcast of the call will be available on ChoicePoint’s Web site at www.choicepoint.com. There will also be a replay of the call available beginning at approximately 10:00 a.m. EDT at the same Web address.

About ChoicePoint

ChoicePoint Inc. (NYSE: CPS) is the leading provider of identification and credential verification services for making smarter decisions in a world challenged by increased risks. Serving the needs of business, government, non-profit organizations and individuals, ChoicePoint works to create a safer and more secure society through the responsible use of information while working diligently to protect personal privacy. For more information about ChoicePoint, visit the Company’s Web site at www.choicepoint.com.

Forward-Looking Statements

Certain written statements in this release and oral statements made by or on behalf of the Company may constitute “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Words or phrases such as “should result,” “are expected to,” “we anticipate,” “we estimate,” “we project,” or similar expressions are intended to identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include, but are not limited to, the following important factors: the results of our ongoing review of fraudulent data access and other events, the impact of our decision to discontinue certain services, the results of our re-credentialing of customer accounts, the results of any litigation or government proceedings, the implementation of plans to divest various businesses resulting from our company-wide strategic review including unanticipated losses realized in connection with any such sales, demand for the Company’s services, product development, maintaining acceptable margins, maintaining our data supply, maintaining secure systems including personal privacy systems, ability to minimize system interruptions, ability to control costs, the impact of federal, state and local regulatory requirements on the Company’s business, specifically the direct marketing and public filings markets, privacy matters and any federal or state legislative responses to identify theft concerns, the impact of competition and customer consolidations, ability to continue our long-term

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business strategy including growth through acquisition, ability to attract and retain qualified personnel, and the uncertainty of economic conditions in general. Additional information concerning these and other risks and uncertainties is contained in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2005 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2006 and June 30, 2006 (collectively, the “SEC Filings”). Readers are cautioned not to place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made, and the Company undertakes no obligation to publicly update these statements based on events that may occur after the date of this press release.

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ChoicePoint Inc.

Financial Highlights

(Unaudited) (Dollars in thousands, except per share data)	Three Months Ended September 30,						Nine Months Ended September 30,
	2006			2005			2006			2005
Total revenue (a)	$	246,696		$	236,990		$	721,221		$	685,614
Cost of revenue		125,749			116,018			367,310			340,619
Selling, general and administrative expenses		58,506			55,269			173,927			157,291
Other operating charges (b)		46,054			4,006			54,781			15,458
Total costs and expenses		230,309			175,293			596,018			513,368
Operating income		16,387			61,697			125,203			172,246
Interest expense		4,693			925			9,858			3,247
Income from continuing operations before income taxes		11,694			60,772			115,345			168,999
Provision for income taxes		2,894			23,108			43,590			63,686
Income from continuing operations		8,800			37,664			71,755			105,313
Income (loss) from discontinued operations, net of taxes (c)		(81,016	)		1,920			(78,500	)		7,659
Net income (loss)	$	(72,216	)	$	39,584		$	(6,745	)	$	112,972
Effective tax rate from continuing operations		24.7	%		38.0	%		37.8	%		37.7	%
EPS - diluted
Income from continuing operations	$	0.11		$	0.41		$	0.83		$	1.14
Income (loss) from discontinued operations	$	(0.97	)	$	0.02		$	(0.91	)	$	0.08
Net income (loss)	$	(0.86	)	$	0.43		$	(0.08	)	$	1.23
Weighted average shares – diluted		83,533			91,934			86,691			91,980

See accompanying notes.

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ChoicePoint Inc.

Financial Highlights

Reconciliation to financial information excluding other expenses and discontinued operations

(Unaudited) (Dollars in thousands, except per share data)	Three Months Ended September 30,						Nine Months Ended September 30,
	2006			2005			2006			2005
Net Income (loss)	$	(72,216	)	$	39,584		$	(6,745	)	$	112,972
Income (loss) from discontinued operations, net of taxes (c)		(81,016	)		1,920			(78,500	)		7,659
Provision for income taxes		2,894			23,108			43,590			63,686
Interest expense		4,693			925			9,858			3,247
Operating income		16,387			61,697			125,203			172,246
Add back: other expenses (d):
accelerated depreciation expense		—			—			5,463			—
stock option expense		3,893			—			10,255			—
other operating charges (b)		46,054			4,006			54,781			15,458
Operating income before other expenses (e)		66,334			65,703			195,702			187,704
Interest expense		4,693			925			9,858			3,247
Income from continuing operations before income taxes & other expenses (d)		61,641			64,778			185,844			184,457
Provision for income taxes		23,607			24,630			71,047			69,515
Net income from continuing operations before other expenses (e)	$	38,034		$	40,148		$	114,797		$	114,942
Effective tax rate from continuing operations excluding other expenses (e)		38.3	%		38.0	%		38.2	%		37.7	%
Earnings per share from continued operations - diluted excluding other expenses (e)	$	0.46		$	0.44		$	1.32		$	1.25
	Three Months Ended September 30,						Nine Months Ended September 30,
	2006			2005			2006			2005
Earnings per share from continuing operations	$	0.11		$	0.41		$	0.83		$	1.14
Asset impairment and related charges		0.31			—			0.39			—
Stock option expense		0.04			—			0.09			—
Fraudulent data access		0.01			0.03			0.02			0.10
Earnings per share from continuing operations - diluted excluding other expenses (e)	$	0.46		$	0.44		$	1.32		$	1.25
Note: amounts may not sum due to rounding

See accompanying notes.

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ChoicePoint Inc.

Financial Highlights

(Unaudited) (Dollars in thousands except for per share amounts)	Three months ended September 30,						Nine months ended September 30,
	2006			2005			2006			2005
Cash Flow Highlights
Income from continuing operations	$	8,800		$	37,664		$	71,755		$	105,313
Depreciation & amortization		18,814			17,355			59,702			50,987
Changes in assets & liabilities and other		59,879			(4,869	)		21,138			(1,887	)
Net cash provided by operating activities - continuing operations	$	87,493		$	50,150		$	152,595		$	154,413
Proceeds from the disposition of discontinued operation	$	18,000		$	—		$	18,000		$	—
Acquisitions & investments, net of cash acquired		(26,689	)		(10,931	)		(51,886	)		(118,792	)
Capital expenditures		(14,815	)		(16,108	)		(51,752	)		(48,745	)
Net cash used in investing activities - continuing operations	$	(23,504	)	$	(27,039	)	$	(85,638	)	$	(167,537	)
Net cash (used in) provided by financing activities - continuing operations	$	(37,338	)	$	(18,819	)	$	(56,243	)	$	7,152
Net cash provided by operating and investing activities of discontinued operations	$	5,129		$	181		$	4,706		$	10,408
Reconciliation of Net Free Cash Flow (f)
Net cash provided by operating activities - continuing operations	$	87,493		$	50,150		$	152,595		$	154,413
Capital expenditures		(14,815	)		(16,108	)		(51,752	)		(48,745	)
Net free cash flow	$	72,678		$	34,042		$	100,843		$	105,668

See accompanying notes.

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ChoicePoint Inc.

Financial Highlights

Key Balance Sheet Highlights	September 30, 2006
Short-term debt and current maturities of long-term debt	$	75,011
Long-term debt, less current maturities		315,030
Total Debt		390,041
Cash and cash equivalents		37,229
Net Debt (g)	$	352,812
Shareholders’ Equity	$	721,944
Net Debt to book capital		32.8	%
Days sales outstanding for continuing operations (adjusted for pass- through expenses)		41 days

Share Repurchase Summary

	Total number of shares repurchased	Average cost per share		Total cost for shares
Three months ended September 30, 2006	6,582	$	35.38	$	232,911
Nine months ended September 30, 2006	8,832	$	37.56		331,750
Inception of buyback program through September 30, 2006	11,779	$	38.83		457,342

See accompanying notes.

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ChoicePoint Inc.

Notes to Financial Highlights

(a) Pass-through expenses such as motor vehicle registry fees are accounted for on a net basis and, as such, are excluded from revenues in our financial statements in accordance with generally accepted accounting principles. Third quarter pass-through expenses related to continuing operations totaled $198.6 million in 2006 and $186.0 million in 2005. Pass-through expenses related to continuing operations for the nine months ended September 30 were $609.0 million in 2006 and $552.0 million in 2005.

(b) The Company recorded other operating charges of $6.0 million in the first quarter of 2006, $2.7 million in the second quarter of 2006, and $46.1 million in the third quarter of 2006. Approximately $0.8 million of the first quarter charges, $1.0 million of the second quarter charges, and $0.9 million of the third quarter charges were for legal expenses and other professional fees associated with the fraudulent data access. Additionally, the Company recorded other operating charges of $5.2 million in the first quarter of 2006, $1.8 million in the second quarter of 2006, and $45.1 million in the third quarter of 2006, primarily related to the intended sale of select businesses resulting from our strategic review efforts, and the consolidation of certain technology platforms. The Company recorded other operating charges of $5.4 million in the first quarter of 2005, $6.0 million in the second quarter of 2005, and $4.0 million in the third quarter of 2005 representing specific expenses related to the aforementioned fraudulent data access. Approximately $2.0 million of the total charges in the nine months ended September 30, 2005 were for communications to, and credit reports and credit monitoring for, individuals receiving notice of the fraudulent data access and approximately $13.5 million of legal expenses and other professional fees.

(c) Income (loss) from discontinued operations, net of tax, includes the following components:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2006			2005		2006			2005
Income from discontinued operations, net of tax	$	610		$	1,920	$	3,126		$	7,659
Loss on sale of discontinued operations, net of tax		(3,088	)		—		(3,088	)		—
Impairment loss on assets held for sale, net of tax		(78,538	)		—		(78,538	)		—
Income (loss) from discontinued operations, net of taxes	$	(81,016	)	$	1,920	$	(78,500	)	$	7,659

(d) The Company recorded $5.5 million of accelerated depreciation as a result of the centralization of functions and consolidation of technology platforms during the first quarter of 2006. The Company recorded $3.2 million of stock-based compensation expense during the first quarter of 2006, $3.1 million in the second quarter of 2006, and $3.9 million in the third quarter of 2006 as a result of the adoption of FAS 123(R). Additional other operating charges were recorded during the first nine months of 2006 and 2005 as discussed in Note (b) above. The Company has presented this analysis with and without these items because they represent costs that management excludes in its assessments of operating results of the business.

(e) To supplement the Company’s consolidated financial statements presented on a GAAP basis, the Company provides the following non-GAAP financial measures: “operating income before other expenses,” “income from continuing operations before income taxes and other expenses,” “net income from continuing operations before other expenses,” “operating margins excluding other expenses,” “effective tax rate from continuing operations excluding other expenses” and “earnings per share from continuing operations—diluted excluding other expenses”. In each case, these non-GAAP financial measures differ from the equivalent GAAP financial measures in that they exclude the other expenses described in Notes (b) and (d), which include expenses related to the fraudulent data access, accelerated depreciation and other costs relating to the consolidation of technology platforms, stock option expense as a result of FAS 123(R) and other operating charges. Management uses these non-GAAP financial measures for internal purposes in evaluating and forecasting the Company’s operating performance because they exclude expenses that are not reflective of the Company’s ongoing operating performance and, in the case of expenses related to the fraudulent data access and consolidation of operating platforms, are expected to be limited in duration and decreasing over time. The Company also uses these non-GAAP financial measures in setting bonus targets and targets for other performance-based compensation plans. Management believes these non-GAAP financial measures assist investors in comparing the Company’s results with prior periods in which such expenses were not taken.

These adjusted financial measures should not be considered in isolation or as a substitute for GAAP operating income, income before taxes, net income or earnings per share. In addition, there are limitations associated with the use of these non-GAAP financial measures. For example, expenses associated with items such as the fraudulent data access or consolidation of technology platforms could have a material impact on cash flows or liquidity. These effects are reflected in our GAAP financial statements. These non-GAAP financial measures reflect an additional way of viewing aspects of our operations that, when viewed with our GAAP results and reconciliations to corresponding GAAP financial measures, provide a more

ChoicePoint Earnings

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complete understanding of our business. The Company strongly encourages investors to review its financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. Other companies may use different methodologies for calculating their non-GAAP financial measures and, accordingly, the Company’s non-GAAP financial measures may not be comparable to those measures.

(f) Net free cash flow is not defined under GAAP. Therefore, it should not be considered a substitute for income or cash flow data prepared in accordance with GAAP and may not be comparable to similarly titled measures used by other companies. The Company defines net free cash flow as cash flows from operating activities of continuing operations less capital expenditures. It should not be inferred that the entire net free cash flow amount is available for discretionary expenditures. The Company believes net free cash flow is a useful measure of performance and its ability to generate cash.

(g) Net debt is not defined under GAAP. Management believes that net debt provides useful information regarding the level of the Company’s indebtedness by reflecting cash and investments that could be used to repay debt. Therefore, it should not be considered a substitute for total debt data prepared in accordance with GAAP and may not be comparable to similarly titled measures used by other companies.

ChoicePoint Earnings

Page 16 of 18

ChoicePoint Inc. Summary of Projections for the Fourth Quarter Ended December 31, 2006*
	Internal Revenue Growth	Operating Margins Excluding Other Operating Charges
Insurance Services	Low double digits	Low 50% range
Screening and Authentication Services	Mid to high single digits	Low to mid 20% range
Government Services	Mid single digits	Low double digits
Financial and Professional Services	Negative low to mid single digits	Low to mid single digits
ChoicePoint Consolidated	Mid to high single digits	26% range

Other Projections for the Year Ended December 31, 2006
Total revenue growth	5% - 7%
Internal revenue growth	4% - 6%
Operating margins excluding other operating charges	26% - 27% range
Corporate expenses for continuing operations	7% - 8% of total revenue
Tax rate	Approximately 38%
Stock option expense	$11 - $12 million, net of tax
Expenses related to the fraudulent data access	$3 - $4 million
Re-platforming expense and centralization of functions	$14 - $15 million
Net free cash flow from continuing operations, excluding costs associated with the fraudulent data access **	$140 - $160 million
Capital expenditures	$70 - $80 million
Cash flow from operating activities - continuing operations	$210 - $240 million

* For a discussion of risks that may cause actual results to differ materially from these projections, please see the discussion under “Forward-Looking Statements” above, as well as the risk factors set forth in the SEC Filings.

** Net free cash flow from continuing operations, excluding costs associated with the fraudulent data access is calculated as cash from continuing operations less capital expenditures.

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ChoicePoint Inc.

2005 Segment Results - Continuing Operations

(Dollars in thousands)	Q1 2005			Q2 2005			Q3 2005			Q4 2005			Total 2005
Revenue
Insurance Services	$	98,560		$	100,963		$	104,775		$	98,555		$	402,853
Screening and Authentication Services		55,552			61,346			63,687			61,469			242,054
Financial and Professional Services		36,333			33,486			32,248			28,503			130,570
Government Services		31,080			29,981			35,326			32,971			129,358
Royalty		797			526			954			121			2,398
Total Revenue	$	222,322		$	226,302		$	236,990		$	221,619		$	907,233
Operating Income
Insurance Services	$	54,204		$	55,282		$	57,906		$	54,278		$	221,670
Screening and Authentication Services		11,192			14,476			16,415			16,897			58,980
Financial and Professional Services		9,863			6,223			5,074			2,651			23,811
Government Services		5,363			2,208			6,487			5,268			19,326
Royalty		770			325			506			121			1,722
Corporate & Shared Expenses (b)		(19,722	)		(18,183	)		(20,685	)		(17,633	)		(76,223	)
Operating Income before other charges		61,670			60,331			65,703			61,582			249,286
Other operating charges (a)		(5,412	)		(6,040	)		(4,006	)		(13,315	)		(28,773	)
Operating Income	$	56,258		$	54,291		$	61,697		$	48,267		$	220,513
Total Revenue Growth Rates
Insurance Services		13.6	%		14.6	%		15.3	%		13.8	%		14.3	%
Screening and Authentication Services		19.7	%		15.0	%		12.5	%		9.1	%		13.8	%
Financial and Professional Services		39.3	%		5.5	%		-4.9	%		-13.6	%		4.7	%
Government Services		121.8	%		52.4	%		89.2	%		81.5	%		83.4	%
Total operations		27.5	%		16.6	%		17.7	%		13.8	%		18.6	%
Internal Revenue Growth Rates
Insurance Services		11.8	%		12.7	%		12.4	%		13.1	%		12.6	%
Screening and Authentication Services		12.2	%		11.5	%		12.5	%		9.1	%		11.3	%
Financial and Professional Services		-1.4	%		-6.0	%		-4.9	%		-13.6	%		-6.8	%
Government Services		0.4	%		-7.4	%		12.5	%		3.3	%		2.2	%
Total operations		8.8	%		6.8	%		9.3	%		6.2	%		7.8	%
Operating Profit Margins
Insurance Services		55.0	%		54.8	%		55.3	%		55.1	%		55.0	%
Screening and Authentication Services		20.1	%		23.6	%		25.8	%		27.5	%		24.4	%
Financial and Professional Services		27.1	%		18.6	%		15.7	%		9.3	%		18.2	%
Government Services		17.3	%		7.4	%		18.4	%		16.0	%		14.9	%
Operating income before other operating charges as a percentage of total revenue (a)		27.7	%		26.7	%		27.7	%		27.8	%		27.5	%
Operating income as a percentage of total revenue		25.3	%		24.0	%		26.0	%		21.8	%		24.3	%

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Page 18 of 18

ChoicePoint Inc.

2006 Segment Results - Continuing Operations

(Dollars in thousands)	Q1 2006			Q2 2006			Q3 2006
Revenue
Insurance Services	$	112,326		$	112,298		$	116,118
Screening and Authentication Services		61,845			64,955			66,832
Financial and Professional Services		29,381			30,021			28,623
Government Services		31,375			32,324			35,123
Total Revenue	$	234,927		$	239,598		$	246,696
Operating Income
Insurance Services	$	60,815		$	60,039		$	60,594
Screening and Authentication Services		14,238			14,729			15,740
Financial and Professional Services		2,169			3,355			2,432
Government Services		3,834			2,851			4,859
Corporate & Shared Expenses (b)		(16,521	)		(16,142	)		(17,291	)
Operating Income before other expenses		64,535			64,832			66,334
Other expenses (a):
Accelerated depreciation		(5,463	)		—			—
Stock option expense		(3,237	)		(3,124	)		(3,893	)
Other operating charges		(5,987	)		(2,740	)		(46,054	)
Operating Income	$	49,848		$	58,968		$	16,387
Total Revenue Growth Rates
Insurance Services		14.0	%		11.2	%		10.8	%
Screening and Authentication Services		11.3	%		5.9	%		4.9	%
Financial and Professional Services		-19.1	%		-10.3	%		-11.2	%
Government Services		0.9	%		7.8	%		-0.6	%
Total operations		5.7	%		5.9	%		4.1	%
Internal Revenue Growth Rates
Insurance Services		12.8	%		10.1	%		8.2	%
Screening and Authentication Services		11.1	%		5.0	%		3.8	%
Financial and Professional Services		-19.1	%		-10.3	%		-11.2	%
Government Services		-2.4	%		7.1	%		-0.6	%
Total operations		4.6	%		5.0	%		2.7	%
Operating Profit Margins
Insurance Services		54.1	%		53.5	%		52.2	%
Screening and Authentication Services		23.0	%		22.7	%		23.6	%
Financial and Professional Services		7.4	%		11.2	%		8.5	%
Government Services		12.2	%		8.8	%		13.8	%
Operating income before other operating charges as a percentage of total revenue (a)		27.5	%		27.1	%		26.9	%
Operating income as a percentage of total revenue		21.2	%		24.6	%		6.6	%

(a) The Company has presented analysis above with and without these items because they represent costs that management excludes in its assessments of operating results.

(b) Corporate and shared expenses represent costs of support functions, research and development initiatives, incentives and profit sharing that benefit all segments.

EX-99.2

Exhibit 99.2

ChoicePoint Inc.

Operating Results by Quarter

	Q1 2002			Q2 2002			Q3 2002			Q4 2002			Total 2002			Q1 2003			Q2 2003			Q3 2003			Q4 2003			Total 2003			Q1 2004			Q2 2004			Q3 2004			Q4 2004			Total 2004
Insurance Services Revenue	$	64,140		$	67,031		$	70,495		$	68,616		$	270,282		$	76,134		$	77,922		$	78,100		$	76,968		$	309,124		$	86,727		$	88,129		$	90,880		$	86,632		$	352,368
Screening and Authentication Services Revenue		29,223			33,727			32,796			32,846			128,592			34,926			40,506			43,411			43,774			162,617			46,428			53,339			56,609			56,330			212,706
Financial and Professional Services Revenue		25,325			26,315			25,261			23,408			100,309			26,728			25,692			25,576			25,116			103,112			26,086			31,737			33,905			33,003			124,731
Government Services Revenue		9,383			9,967			16,132			22,821			58,303			14,859			12,599			12,055			12,168			51,681			14,014			19,675			18,672			18,162			70,523
Royalty Revenue		1,597			1,542			1,563			1,153			5,855			1,303			1,389			1,305			1,105			5,102			1,165			1,270			1,370			699			4,504
Core Revenue (b)	$	129,668		$	138,582		$	146,247		$	148,844		$	563,341		$	153,950		$	158,108		$	160,447		$	159,131		$	631,636		$	174,420		$	194,150		$	201,436		$	194,826		$	764,832
Revenue from Divested & Discontinued Lines (a)		72			—			—			—			72			—			—			—			—			—			—			—			—			—			—
Total Revenue	$	129,740		$	138,582		$	146,247		$	148,844		$	563,413		$	153,950		$	158,108		$	160,447		$	159,131		$	631,636		$	174,420		$	194,150		$	201,436		$	194,826		$	764,832
Insurance Services Operating Income	$	35,024		$	35,502		$	37,163		$	36,950		$	144,639		$	42,436		$	44,364		$	43,998		$	41,720		$	172,518		$	47,260		$	48,401		$	50,714		$	49,476		$	195,851
Screening and Authentication Services Operating Income		4,637			6,985			7,557			7,365			26,544			5,138			9,462			9,670			8,700			32,970			8,287			10,802			12,439			12,187			43,715
Financial and Professional Services Operating Income		5,204			7,507			6,900			4,284			23,895			6,202			5,787			5,714			5,809			23,512			5,761			6,317			8,024			8,246			28,348
Government Services Operating Income		1,275			1,136			3,762			6,823			12,996			3,291			2,617			2,276			2,828			11,012			3,084			6,045			4,043			4,848			18,020
Royalty Operating Income		997			933			932			464			3,326			646			626			416			380			2,068			204			661			798			399			2,062
Divested & Discontinued Operating Income (a)		(206	)		—			—			—			(206	)		—									—			—			—			—			—						—
Corporate		(11,518	)		(16,885	)		(16,163	)		(15,619	)		(60,185	)		(13,758	)		(16,469	)		(14,850	)		(12,936	)		(58,013	)		(15,951	)		(18,306	)		(17,869	)		(17,426	)		(69,552	)
Operating Income before other charges	$	35,413		$	35,178		$	40,151		$	40,267		$	151,009		$	43,955		$	46,387		$	47,224		$	46,501		$	184,067		$	48,645		$	53,920		$	58,149		$	57,730		$	218,444
Other charges (c):
Accelerated depreciation		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Stock option expense		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Other operating charges (d)		—			(7,342	)		—			—			(7,342	)		—			(19,337	)		(1,579	)		(2,908	)		(23,824	)		—			—			—			—			—
Operating Income - Continuing Operations	$	35,413		$	27,836		$	40,151		$	40,267		$	143,667		$	43,955		$	27,050		$	45,645		$	43,593		$	160,243		$	48,645		$	53,920		$	58,149		$	57,730		$	218,444
Operating Income -Discontinued Operations	$	8,809		$	10,898		$	9,839		$	9,308		$	38,854		$	7,846		$	8,092		$	4,571		$	4,921		$	25,430		$	5,626		$	5,571		$	5,889		$	6,250		$	23,336
Operating Margins - Continuing Operations
Insurance Services		54.6	%		53.0	%		52.7	%		53.9	%		53.5	%		55.7	%		56.9	%		56.3	%		54.2	%		55.8	%		54.5	%		54.9	%		55.8	%		57.1	%		55.6	%
Screening and Authentication Services		15.9	%		20.7	%		23.0	%		22.4	%		20.6	%		14.7	%		23.4	%		22.3	%		19.9	%		20.3	%		17.8	%		20.3	%		22.0	%		21.6	%		20.6	%
Financial and Professional Services		20.5	%		28.5	%		27.3	%		18.3	%		23.8	%		23.2	%		22.5	%		22.3	%		23.1	%		22.8	%		22.1	%		19.9	%		23.7	%		25.0	%		22.7	%
Government Services		13.6	%		11.4	%		23.3	%		29.9	%		22.3	%		22.1	%		20.8	%		18.9	%		23.2	%		21.3	%		22.0	%		30.7	%		21.7	%		26.7	%		25.6	%
Divested & Discontinued Lines (a)		-286.1	%		n/a			n/a			n/a			-286.1	%		n/a			n/a			n/a			n/a			n/a			n/a			n/a			n/a			n/a			n/a
ChoicePoint excluding other charges as a percentage of total revenue (c) (d)		27.3	%		25.4	%		27.5	%		27.1	%		26.8	%		28.6	%		29.3	%		29.4	%		29.2	%		29.1	%		27.9	%		27.8	%		28.9	%		29.6	%		28.6	%
Operating income as a percentage of total revenue - continuing operations (c)		27.3	%		20.1	%		27.5	%		27.1	%		25.5	%		28.6	%		17.1	%		28.4	%		27.4	%		25.4	%		27.9	%		27.8	%		28.9	%		29.6	%		28.6	%
Internal Growth Rates (e)
Insurance Services		17.5	%		17.0	%		18.5	%		18.0	%		17.8	%		17.2	%		15.0	%		10.1	%		9.5	%		12.8	%		12.2	%		11.4	%		14.8	%		10.3	%		12.2	%
Screening and Authentication Services		-5.3	%		1.9	%		7.1	%		0.4	%		1.4	%		-5.4	%		-3.2	%		4.3	%		15.1	%		2.9	%		22.7	%		18.8	%		16.5	%		21.0	%		19.6	%
Financial and Professional Services		-9.3	%		-0.7	%		-1.6	%		-5.3	%		-4.3	%		-2.0	%		-10.6	%		-5.4	%		-6.6	%		-6.2	%		-2.4	%		-3.6	%		-6.9	%		-8.1	%		-5.2	%
Government Services		20.9	%		28.0	%		76.8	%		147.9	%		72.1	%		58.4	%		26.4	%		-25.3	%		-46.7	%		-11.4	%		-24.5	%		-5.9	%		-0.7	%		3.0	%		-8.0	%
Total ChoicePoint		6.3	%		10.0	%		15.6	%		18.0	%		12.6	%		10.8	%		6.3	%		2.0	%		-0.5	%		4.4	%		8.3	%		9.3	%		10.6	%		9.5	%		9.4	%

	Q1 2005			Q2 2005			Q3 2005			Q4 2005			Total 2005			Q1 2006			Q2 2006			Q3 2006
Insurance Services Revenue	$	98,560		$	100,963		$	104,775		$	98,555		$	402,853		$	112,326		$	112,298		$	116,118
Screening and Authentication Services Revenue		55,552			61,346			63,687			61,469			242,054			61,845			64,955			66,832
Financial and Professional Services Revenue		36,333			33,486			32,248			28,503			130,570			29,381			30,021			28,623
Government Services Revenue		31,080			29,981			35,326			32,971			129,358			31,375			32,324			35,123
Royalty Revenue		797			526			954			121			2,398			—			—			—
Core Revenue (b)	$	222,322		$	226,302		$	236,990		$	221,619		$	907,233		$	234,927		$	239,598		$	246,696
Revenue from Divested & Discontinued Lines (a)		—			—			—			—			—			—			—			—
Total Revenue	$	222,322		$	226,302		$	236,990		$	221,619		$	907,233		$	234,927		$	239,598		$	246,696
Insurance Services Operating Income	$	54,204		$	55,282		$	57,906		$	54,278		$	221,670		$	60,815		$	60,039		$	60,594
Screening and Authentication Services Operating Income		11,192			14,476			16,415			16,897			58,980			14,238			14,729			15,740
Financial and Professional Services Operating Income		9,863			6,223			5,074			2,651			23,811			2,169			3,355			2,432
Government Services Operating Income		5,363			2,208			6,487			5,268			19,326			3,834			2,851			4,859
Royalty Operating Income		770			325			506			121			1,722			—			—			—
Divested & Discontinued Operating Income (a)		—			—			—			—			—			—			—			—
Corporate		(19,722	)		(18,183	)		(20,685	)		(17,633	)		(76,223	)		(16,521	)		(16,142	)		(17,291	)
Operating Income before other charges	$	61,670		$	60,331		$	65,703		$	61,582		$	249,286		$	64,535		$	64,832		$	66,334
Other charges (c):
Accelerated depreciation		—			—			—			—			—			(5,463	)		—			—
Stock option expense		—			—			—			—			—			(3,237	)		(3,124	)		(3,893	)
Other operating charges (d)		(5,412	)		(6,040	)		(4,006	)		(13,315	)		(28,773	)		(5,987	)		(2,740	)		(46,054	)
Operating Income - Continuing Operations	$	56,258		$	54,291		$	61,697		$	48,267		$	220,513		$	49,848		$	58,968		$	16,387
Operating Income -Discontinued Operations	$	4,831		$	4,562		$	3,279		$	3,959		$	16,631		$	3,207		$	1,513		$	(126,520	)
Operating Margins - Continuing Operations
Insurance Services		55.0	%		54.8	%		55.3	%		55.1	%		55.0	%		54.1	%		53.5	%		52.2	%
Screening and Authentication Services		20.1	%		23.6	%		25.8	%		27.5	%		24.4	%		23.0	%		22.7	%		23.6	%
Financial and Professional Services		27.1	%		18.6	%		15.7	%		9.3	%		18.2	%		7.4	%		11.2	%		8.5	%
Government Services		17.3	%		7.4	%		18.4	%		16.0	%		14.9	%		12.2	%		8.8	%		13.8	%
Divested & Discontinued Lines (a)		n/a			n/a			n/a			n/a			n/a			n/a			n/a			n/a
ChoicePoint excluding other charges as a percentage of total revenue (c) (d)		27.7	%		26.7	%		27.7	%		27.8	%		27.5	%		27.5	%		27.1	%		26.9	%
Operating income as a percentage of total revenue - continuing operations (c)		25.3	%		24.0	%		26.0	%		21.8	%		24.3	%		21.2	%		24.6	%		6.6	%
Internal Growth Rates (e)
Insurance Services		11.8	%		12.7	%		12.4	%		13.1	%		12.6	%		12.8	%		10.1	%		8.2	%
Screening and Authentication Services		12.2	%		11.5	%		12.5	%		9.1	%		11.3	%		11.1	%		5.0	%		3.8	%
Financial and Professional Services		-1.4	%		-6.0	%		-4.9	%		-13.6	%		-6.8	%		-19.1	%		-10.3	%		-11.2	%
Government Services		0.4	%		-7.4	%		12.5	%		3.3	%		2.2	%		-2.4	%		7.1	%		-0.6	%
Total ChoicePoint		8.8	%		6.8	%		9.3	%		6.2	%		7.8	%		4.6	%		5.0	%		2.7	%

(a) Divested & Discontinued Lines represents products and lines of businesses that were discontinued or divested, but which do not qualify for discontinued operations accounting.

(b) Core revenue represents revenue from continuing business lines and is used by management to assess and manage its on-going businesses and to determine operational incentive awards.

(c) Management excludes these charges in its assessments of operating results.

(d) Other operating charges include specific expenses related to the fraudulent data access, asset impairment, lease abandonment, merger-related costs, unusual items, realignment charges, gain (loss) on sale of business, and other charges.

(e) Internal revenue growth is the revenue growth from comparable business units for the same period in the prior year and excludes revenue from reimbursable expenses, acquisitions, divested and discontinued product lines and discontinued operations. This measure is used by management to analyze the performance of the business segments and as a criteria component for incentive compensation awards.

ChoicePoint Inc.

Operating Results by Quarter

	Q1 2005			Q2 2005			Q3 2005			Year to Date 2005			Q1 2006			Q2 2006			Q3 2006			Year to Date 2006
Net income	$	36,970		$	36,418		$	39,584		$	112,972		$	30,610		$	34,861		$	(72,216	)	$	(6,745	)
EPS	$	0.40		$	0.40		$	0.43		$	1.23		$	0.34		$	0.40		$	(0.86	)	$	(0.08	)
Less:
Cumulative change in accounting principle, net		—			—			—			—			—			—			—			—
Income (loss) from discontinued operations, net of tax		2,955			2,784			1,920			7,659			1,843			673			(77,928	)		(75,412	)
Gain (loss) on sale of discontinued operations, net		—			—			—			—			—			—			(3,088	)		(3,088	)
Income from continuing operations	$	34,015		$	33,634		$	37,664		$	105,313		$	28,767		$	34,188		$	8,800		$	71,755
EPS from continuing operations	$	0.37		$	0.37		$	0.41		$	1.14		$	0.32		$	0.39		$	0.11		$	0.83
Add back other charges (a):
Accelerated depreciation expense		—			—			—			—			5,463			—			—			5,463
Stock option expense		—			—			—			—			3,237			3,125			3,893			10,255
Other operating charges (b)		5,412			6,040			4,006			15,458			5,987			2,740			46,054			54,781
Tax provision (benefit) related to other charges		(2,084	)		(2,223	)		(1,522	)		(5,829	)		(5,059	)		(1,685	)		(20,713	)		(27,457	)
Income from continuing operations excluding other charges (a)(b)	$	37,343		$	37,451		$	40,148		$	114,942		$	38,395		$	38,368		$	38,034		$	114,797
EPS from continuing operations excluding other charges (a)(b)	$	0.41		$	0.41		$	0.44		$	1.25		$	0.43		$	0.44		$	0.46		$	1.32
Wtd Avg Shares		92,175			91,702			91,934			91,980			88,804			87,736			83,533			86,691

(a) The Company has presented this information with and without these items because they represent costs that management excludes in its assessment of operating results of the business.

(b) Other operating charges include specific expenses related to the fraudulent data access, lease abandonments, merger-related costs, unusual items, realignment charges, gain (loss) on sale of business, and other charges as follows:

	Q1 2005	Q2 2005	Q3 2005	Year to Date 2005	Q1 2006	Q2 2006		Q3 2006	Year to Date 2006
Asset impairments	—	—	—	—	3,940	1,497		44,720	50,157
Nonmerger severance	—	—	—	—	1,115	658		411	2,184
Lease abandonments	—	—	—	—	150	(386	)	—	(236	)
Expenses related to fraudulent data access	5,412	6,040	4,006	15,458	782	971		923	2,676
(Gain) loss on sale of business	—	—	—	—	—	—		—	—
Total other operating charges	5,412	6,040	4,006	15,458	5,987	2,740		46,054	54,781

ChoicePoint Inc.

Cash Flow and Balance Sheet Highlights

Reconciliation of net cash provided by operating activities to net free cash flow

	Q1 2005		Q2 2005		Q3 2005		Year to Date 2005		Q1 2006		Q2 2006		Q3 2006		Year to Date 2006
Net cash provided by operating activities - continuing operations	$	40,218	$	64,045	$	50,150	$	154,413	$	40,475	$	24,627	$	87,493	$	152,595
Additions to property and equipment		6,136		7,878		5,897		19,911		6,614		7,303		5,190		19,107
Additions to other assets, net		9,824		8,799		10,211		28,834		10,664		12,356		9,625		32,645
Total capital expenditures		15,960		16,677		16,108		48,745		17,278		19,659		14,815		51,752
Net free cash flow - continuing operations	$	24,258	$	47,368	$	34,042	$	105,668	$	23,197	$	4,968	$	72,678	$	100,843

Calculation of Net Debt and Net Debt to Total Book Capital Ratio

	March 31, 2005			June 30, 2005			September 30, 2005			December 31, 2005			March 31, 2006			June 30, 2006			September 30, 2006
Short-term debt and current maturities of long-term debt	$	50,023		$	50,042		$	54,232		$	50,022		$	100,010		$	101,810		$	75,011
Long-term debt, less current maturities		65,024			20,041			30,038			80,035			105,032			95,031			315,030
Total Debt		115,047			70,083			84,270			130,057			205,042			196,841			390,041
Cash and cash equivalents		(11,162	)		(1,069	)		(5,377	)		(21,337	)		(8,499	)		(5,337	)		(37,229	)
Net Debt		103,885			69,014			78,893			108,720			196,543			191,504			352,812
Net Debt		103,885			69,014			78,893			108,720			196,543			191,504			352,812
Book Value of Shareholders’ Equity		1,029,576			1,067,919			1,074,133			1,020,874			968,875			1,015,991			721,944
Total Capitalization		1,133,461			1,136,933			1,153,026			1,129,594			1,165,418			1,207,495			1,074,756
Net debt to total book capital ratio		9.2	%		6.1	%		6.8	%		9.6	%		16.9	%		15.9	%		32.8	%