Skip to content

Globe Life GL Annuity — Deferred Policy Acquisition Costs, Amortization Expense

Discontinued — last reported Q3 '24

Other segment segments

Life
$102.69M+13.3%
Health
$15.59M+7.4%

Similar metrics at other companies

Prudential Financial logo
PRUAnnuities — Deferred Policy Acquisition Cost
$2.25B-9.8%
Apollo Global Management logo
APOIndexed Annuities — Deferred Policy Acquisition Costs, Amortization Expense
$84M+44.8%
Fidelity National Financial logo
FNFIndexed annuities — Deferred Policy Acquisition Costs, Amortization Expense
$54M+20.0%
American Financial Group logo
AFGAnnuity Longterm Careand Life — Deferred Policy Acquisition Costs Amortization Expense Periodic Amortization
$25M-13.8%
Apollo Global Management logo
APOTraditional Deferred Annuities — Deferred Policy Acquisition Costs, Amortization Expense
$105M+29.6%
American Financial Group logo
AFGAnnuity — Amortization of deferred policy acquisition costs
$61.75M+24.7%

Other financials

Income statement

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

Balance sheet

See full
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

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

Valuation

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

Profitability

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

Returns & leverage

See full
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:DeferredPolicyAcquisitionCostAmortizationExpense.

The official record: Globe Life’s 10-Q, filed November 6, 2024, on SEC EDGAR. View the filing →

Ask your AI about Globe Life's annuity — deferred policy acquisition costs, amortization expense.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Globe Life's annuity — deferred policy acquisition costs, amortization expense?
Globe Life (GL) reported annuity — deferred policy acquisition costs, amortization expense of $388K in Q3 2024.
How has Globe Life's annuity — deferred policy acquisition costs, amortization expense changed year-over-year?
Globe Life's annuity — deferred policy acquisition costs, amortization expense decreased by 7.2% year-over-year, from $418K to $388K.
What is the long-term trend for Globe Life's annuity — deferred policy acquisition costs, amortization expense?
Over 2 years (2021 to 2023), Globe Life's annuity — deferred policy acquisition costs, amortization expense has grown at a -5.3% compound annual growth rate (CAGR), from $1.87M to $1.68M.
What does annuity — deferred policy acquisition costs, amortization expense mean?
The annual expense recognized for the costs of acquiring new annuity customers.
How do you interpret annuity — deferred policy acquisition costs, amortization expense?
Changes indicate the pace of new business acquisition and the expected duration of the annuity contracts; consistent amortization is generally a sign of stable business growth.
How does annuity — deferred policy acquisition costs, amortization expense compare across companies?
Standard accounting metric for insurance companies, known as 'DAC Amortization'.