What is Globe Life's health — interest expense?

Globe Life (GL) reported health — interest expense of $0 in Q3 2024.

What does health — interest expense mean?

The interest costs associated with the segment's financial liabilities.

How do you interpret health — interest expense?

Higher interest expense may indicate a larger liability base or rising interest rate environments affecting reserve requirements.

How does health — interest expense compare across companies?

Comparable to 'Interest Expense' or 'Financing Costs' in insurance segment reporting.

Globe Life GL Health — Interest Expense

Discontinued — last reported Q3 '24

Similar metrics at other companies

AFLMedical and other health — Interest Expense

$66M0.0%

METAccident & health insurance — Interest Expense (2)

$62M+1.6%

CINFLife Insurance Segment — Interest

-$32M0.0%

EQHHealth — Interest accrual

$12M-7.7%

CRBGLife Insurance — Interest Expense

——

UHAL.BLife Insurance — Interest Expense

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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:InterestExpense.

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 — interest expense?: Globe Life (GL) reported health — interest expense of $0 in Q3 2024.
What does health — interest expense mean?: The interest costs associated with the segment's financial liabilities.
How do you interpret health — interest expense?: Higher interest expense may indicate a larger liability base or rising interest rate environments affecting reserve requirements.
How does health — interest expense compare across companies?: Comparable to 'Interest Expense' or 'Financing Costs' in insurance segment reporting.