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Globe Life GL Accident And Health Insurance — Ceded Premiums Earned

Discontinued — last reported Q4 '24

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Other financials

Income statement

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Revenue$1.6B+5.3%
Net income$270.5M+6.3%
EPS (diluted)$3.39+12.6%

Balance sheet

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Cash & equivalents$255.2M+9.9%
Total debt$3.2B-1.3%
Total equity$6.1B+12.1%
Total assets$31.0B+4.2%

Cash flow

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Operating cash flow$420.9M-2.5%
CapEx$24.9M+112%
Free cash flow$396.0M-5.7%

Valuation

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Market cap$13.26B-0.4%
Enterprise value$16.24B-0.8%
P/E11.3×-1.2×
P/S2.2×-0.1×

Profitability

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Net margin19.4%+1.0pp
FCF margin20.2%-3.9pp

Returns & leverage

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Return on equity20.5%0.0pp
Debt / equity0.5×-0.1×

Where this comes from

Reported directly by Globe Life in its filing.

Tagged under the XBRL concept us-gaap:CededPremiumsEarned.

The official record: Globe Life’s 10-K, filed February 26, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Globe Life's accident and health insurance — ceded premiums earned?
Globe Life (GL) reported accident and health insurance — ceded premiums earned of $612.25K in Q4 2024.
How has Globe Life's accident and health insurance — ceded premiums earned changed year-over-year?
Globe Life's accident and health insurance — ceded premiums earned decreased by 10.0% year-over-year, from $680K to $612.25K.
What is the long-term trend for Globe Life's accident and health insurance — ceded premiums earned?
Over 3 years (2021 to 2024), Globe Life's accident and health insurance — ceded premiums earned has grown at a -9.6% compound annual growth rate (CAGR), from $3.31M to $2.45M.
What does accident and health insurance — ceded premiums earned mean?
The portion of accident and health insurance premiums that the company has passed on to reinsurers.
How do you interpret accident and health insurance — ceded premiums earned?
An increase indicates a higher reliance on reinsurance to mitigate risk, whereas a decrease suggests the company is retaining more underwriting risk on its own balance sheet.
How does accident and health insurance — ceded premiums earned compare across companies?
Comparable to 'Reinsurance Ceded' or 'Premiums Ceded' reported by other insurance companies to show risk transfer activity.