Globe Life GL Health — Gross Profit
Discontinued — last reported Q3 '24
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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 6, 2024, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Globe Life's health — gross profit?
- Globe Life (GL) reported health — gross profit of $86.96M in Q3 2024.
- How has Globe Life's health — gross profit changed year-over-year?
- Globe Life's health — gross profit decreased by 10.1% year-over-year, from $96.7M to $86.96M.
- What is the long-term trend for Globe Life's health — gross profit?
- Over 2 years (2021 to 2023), Globe Life's health — gross profit has grown at a 3.5% compound annual growth rate (CAGR), from $352.48M to $377.94M.
- What does health — gross profit mean?
- The profit generated by the insurance segment after accounting for direct product costs.
- How do you interpret health — gross profit?
- Higher gross profit indicates strong underwriting performance and effective pricing strategies relative to claim costs.
- How does health — gross profit compare across companies?
- Comparable to 'Underwriting Gain' or 'Gross Margin' in insurance peer analysis.