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Globe Life GL Health — Liability For Future Policy Benefits

Discontinued — last reported Q4 '18

Similar metrics at other companies

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CBLife Insurance — Net liability for future policy benefits
$14.76B+10.5%
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EQHHealth — Future policy benefits and other policyholders’ liabilities
$1.27B-5.8%
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EQHHealth — Liability for Future Policy Benefit, after Reinsurance
$283M-3.4%
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PRUIndividual Life — Future Policy Benefits, Losses, Claims Expenses
$28.35B+6.8%
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AIGFuture Policy Benefits for Life and Accident and Health Insurance Contracts
$556M-5.9%
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CNALifeand Group — Liability For Future Policy Benefits

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:LiabilityForFuturePolicyBenefits.

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 future policy benefits mean?
The estimated long-term financial obligation the company holds to cover future health insurance benefits for current policyholders.
How do you interpret health — liability for future policy benefits?
An increase reflects growth in the long-term insurance book or changes in actuarial assumptions, while a decrease may indicate a shrinking book or favorable assumption adjustments.
How does health — liability for future policy benefits compare across companies?
Standard actuarial liability metric; peers report this as 'Future Policy Benefit Reserves' or 'Life and Health Reserves'.