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Globe Life GL Health — Liability For Claims And Claims Adjustment Expense

Discontinued — last reported Q4 '18

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RNRProperty — Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims
$84.11M-94.8%

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 us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense.

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

Questions, answered.

What does health — liability for claims and claims adjustment expense mean?
The estimated amount of money the company expects to pay out for health insurance claims that have already occurred.
How do you interpret health — liability for claims and claims adjustment expense?
An increase may signal rising claim frequency or severity, while a decrease could reflect improved claims management or lower-than-expected loss development.
How does health — liability for claims and claims adjustment expense compare across companies?
Standard industry metric for insurance companies; peers often disclose this as 'Loss Reserves' or 'Claims Reserves'.