Skip to content

Globe Life GL Health — Deferred Policy Acquisition Costs

Discontinued — last reported Q4 '18

Similar metrics at other companies

Prudential Financial logo
PRUOther businesses — Deferred Policy Acquisition Cost
-$373M-38.7%
American Financial Group logo
AFGOther — Deferred policy acquisition costs
$15M-21.1%
Aflac logo
AFLCorporate and other — Deferred policy acquisition costs
$0
The Hartford Financial Services Group logo
HIGProperty and Casualty, Commercial Insurance — Deferred Policy Acquisition Costs
$742M+15.8%
American Financial Group logo
AFGProperty and casualty insurance — Deferred policy acquisition costs
$333M+4.1%
Corebridge Financial logo
CRBGLife Insurance — Deferred Policy Acquisition Cost

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:DeferredPolicyAcquisitionCosts.

The official record: Globe Life’s 10-K, filed March 1, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does health — deferred policy acquisition costs mean?
The portion of sales and acquisition costs that are spread out over the life of an insurance policy rather than expensed immediately.
How do you interpret health — deferred policy acquisition costs?
An increase suggests higher investment in new business growth, while a decrease may indicate reduced sales activity or a shift in acquisition strategy.
How does health — deferred policy acquisition costs compare across companies?
Commonly reported as Deferred Acquisition Costs (DAC) across the insurance industry; peers typically show consistent amortization schedules.