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Globe Life GL Annuity — Premium

Discontinued — last reported Q3 '24

Other segment segments

Life
$853.21M+2.8%
Health
$416.91M+12.7%

Similar metrics at other companies

The Hartford Financial Services Group logo
HIGLife insurance and annuities — Gross Amount
$639.75M-0.9%
Chubb logo
CBAnnuities — Policyholder Account Balance, Premium Received
$80M-20.8%
Principal Financial Group logo
PFGLife And Annuity Insurance Product Line — Direct Premiums Earned
$1.14B-2.8%
Prudential Financial logo
PRUIndividual Annuities — Premiums, Policy Charges and Fee Income
$622.25M+3.8%
Corebridge Financial logo
CRBGLife Insurance and Annuities — Premiums
——
Corebridge Financial logo
CRBGLife Insurance and Annuities — Gross Amount
——

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

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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:PremiumsEarnedNet.

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 — premium?
Globe Life (GL) reported annuity — premium of $0 in Q3 2024.
What is the long-term trend for Globe Life's annuity — premium?
Over 2 years (2021 to 2023), Globe Life's annuity — premium has grown at a -100.0% compound annual growth rate (CAGR), from $1K to $0.
What does annuity — premium mean?
The total amount of money received from customers for annuity insurance policies.
How do you interpret annuity — premium?
An increase suggests successful sales growth and market penetration for annuity products, while a decrease may indicate reduced demand or a strategic shift away from this product line.
How does annuity — premium compare across companies?
Standard across life insurance companies as 'Gross Written Premiums' or 'Annuity Considerations'.