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Globe Life GL Health — Expected future premiums at current discount rates

Discontinued — last reported Q1 '23

Similar metrics at other companies

Equitable Holdings logo
EQHHealth — Expected future gross premiums (discounted; AOCI basis)
$46M-13.2%
Equitable Holdings logo
EQHHealth — Expected future gross premiums (undiscounted)
$58M-13.4%
Cincinnati Financial logo
CINFWhole Life Insurance — Discounted expected future gross premiums
$422M+1.7%
KKR & Co. logo
KKROther — Expected Future Gross Premiums, Discounted (Current Discount Rate)
$1.76B+1.5%
Corebridge Financial logo
CRBGLife Insurance — Discounted expected future gross premiums (at current discount rate)
——
Corebridge Financial logo
CRBGCorporate & Other — Discounted expected future gross premiums (at current discount rate)
——

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:LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumsBeforeReinsuranceAfterDiscountRateChange1.

The official record: Globe Life’s 10-Q, filed May 8, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Globe Life's health — expected future premiums at current discount rates?
Globe Life (GL) reported health — expected future premiums at current discount rates of $10.6B in Q1 2023.
What does health — expected future premiums at current discount rates mean?
The current value of all future premiums expected from health insurance policies.
How do you interpret health — expected future premiums at current discount rates?
An increase suggests higher projected revenue and stronger long-term health segment viability, while a decrease may indicate shrinking policy volume or unfavorable interest rate shifts.
How does health — expected future premiums at current discount rates compare across companies?
Commonly reported by life and health insurers as part of long-duration targeted improvements (LDTI) disclosures.