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Globe Life GL Annuity — Gross Profit

Discontinued — last reported Q3 '24

Similar metrics at other companies

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AFGAnnuity — Revenues before Realized Gains (Losses)
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AFGAnnuity — Net investment income
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AFGAnnuity — Operating Income (Loss), Before Realized Gains (Losses) and Income Taxes
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METAnnuities — Premiums, Fees & Other Revenues
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PRUIndividual Annuities — Premiums, Policy Charges and Fee Income
$622.25M+3.8%
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CRBGLife Insurance and Annuities — Premiums
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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:GrossProfit.

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

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Questions, answered.

What is Globe Life's annuity — gross profit?
Globe Life (GL) reported annuity — gross profit of $1.72M in Q3 2024.
How has Globe Life's annuity — gross profit changed year-over-year?
Globe Life's annuity — gross profit decreased by 17.1% year-over-year, from $2.08M to $1.72M.
What is the long-term trend for Globe Life's annuity — gross profit?
Over 2 years (2021 to 2023), Globe Life's annuity — gross profit has grown at a -7.0% compound annual growth rate (CAGR), from $9.83M to $8.49M.
What does annuity — gross profit mean?
Revenue from annuity products minus the direct costs of benefits and policy acquisition.
How do you interpret annuity — gross profit?
Higher gross profit indicates strong product pricing power and effective management of policyholder obligations.
How does annuity — gross profit compare across companies?
Equivalent to segment-level gross margin or underwriting profit in life and annuity insurance reporting.