What is Globe Life's annuity — net investment income?

Globe Life (GL) reported annuity — net investment income of $0 in Q3 2024.

What does annuity — net investment income mean?

The income generated from the investments held to back annuity insurance obligations.

How do you interpret annuity — net investment income?

Higher income indicates effective asset-liability management and favorable investment yields, while lower income may signal a challenging interest rate environment or poor asset performance.

How does annuity — net investment income compare across companies?

Standard metric for insurance companies, often referred to as 'Net Investment Income' allocated to specific segments.

Globe Life GL Annuity — Net investment income

Discontinued — last reported Q3 '24

Other segment segments

Investment

$289.82M+3.3%

Health

$0—

Life

$0—

Similar metrics at other companies

AFGAnnuity — Net investment income

$429M-6.3%

AFGAnnuity — Supplementary Insurance Information Net Investment Income

$424.75M-5.2%

PRUIndividual Annuities — Net investment income

$231.25M+3.0%

PRUIndividual Annuities — Supplementary Insurance Information Net Investment Income

$232.25M+3.5%

ACGLUnderwriting Segments — Net investment income

$255.75M+41.7%

AFGOther — Net investment income

$5M+600%

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:NetInvestmentIncome.

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 — net investment income?: Globe Life (GL) reported annuity — net investment income of $0 in Q3 2024.
What does annuity — net investment income mean?: The income generated from the investments held to back annuity insurance obligations.
How do you interpret annuity — net investment income?: Higher income indicates effective asset-liability management and favorable investment yields, while lower income may signal a challenging interest rate environment or poor asset performance.
How does annuity — net investment income compare across companies?: Standard metric for insurance companies, often referred to as 'Net Investment Income' allocated to specific segments.