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Globe Life GL Annuity — Parent expense

Discontinued — last reported Q3 '24

Similar metrics at other companies

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$452.75M+2.3%
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PRUIndividual Annuities — Benefits, Claims, Losses and Settlement Expenses
$140.25M-15.5%
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AFGAnnuity — Benefits, claims, losses and settlement expenses
$298M+3.6%
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$203.75M+17.4%
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VOYAAnnuities — Supplementary Insurance Information Other Operating Expense

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 gl:ParentExpense.

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 — parent expense?
Globe Life (GL) reported annuity — parent expense of $0 in Q3 2024.
What does annuity — parent expense mean?
The share of corporate overhead costs assigned to the annuity business unit.
How do you interpret annuity — parent expense?
An increase suggests higher corporate cost allocation, while a decrease may indicate improved cost efficiency or reduced corporate support requirements.
How does annuity — parent expense compare across companies?
Commonly reported as allocated corporate expenses or shared service charges in insurance segment reporting.