What does corporate and other — gross profit mean?

The profit generated by the corporate segment after accounting for direct costs but before overhead.

How do you interpret corporate and other — gross profit?

An increase indicates higher profitability from corporate-level business activities.

How does corporate and other — gross profit compare across companies?

Similar to 'Segment Gross Margin' or 'Segment Operating Profit' at other financial holding companies.

Globe Life GL Corporate And Other — Gross Profit

Discontinued — last reported Q3 '19

Similar metrics at other companies

CDWCorporate — Gross Profit

$573.1M+2.6%

FORMCorporate and Other — Gross Profit

-$2.55M+14.8%

SNEXCorporate — Gross Profit

$2.3M-64.6%

DRICorporate Non — Gross Profit

$0—

LIICorporate & Other — Total segment profit

-$29.1M-24.4%

FTVUnallocated Corporate Costs and Other — Gross Profit

$0—

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

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:GrossProfit.

The official record: Globe Life’s 10-Q, filed November 12, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate and other — gross profit mean?: The profit generated by the corporate segment after accounting for direct costs but before overhead.
How do you interpret corporate and other — gross profit?: An increase indicates higher profitability from corporate-level business activities.
How does corporate and other — gross profit compare across companies?: Similar to 'Segment Gross Margin' or 'Segment Operating Profit' at other financial holding companies.