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Globe Life GL Health — Policyholder Benefits and Claims Incurred, Net

Discontinued — last reported Q3 '24

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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:PolicyholderBenefitsAndClaimsIncurredNet.

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 — policyholder benefits and claims incurred, net?
Globe Life (GL) reported health — policyholder benefits and claims incurred, net of $221.93M in Q3 2024.
How has Globe Life's health — policyholder benefits and claims incurred, net changed year-over-year?
Globe Life's health — policyholder benefits and claims incurred, net increased by 14.5% year-over-year, from $193.79M to $221.93M.
What is the long-term trend for Globe Life's health — policyholder benefits and claims incurred, net?
Over 2 years (2021 to 2023), Globe Life's health — policyholder benefits and claims incurred, net has grown at a 3.7% compound annual growth rate (CAGR), from $721.31M to $776.36M.
What does health — policyholder benefits and claims incurred, net mean?
The net cost of all insurance claims and benefits paid out to policyholders.
How do you interpret health — policyholder benefits and claims incurred, net?
An increase may indicate higher claim frequency or severity, while a decrease suggests favorable underwriting experience or lower claim activity.
How does health — policyholder benefits and claims incurred, net compare across companies?
Commonly referred to as 'Benefits Incurred' or 'Claims Expense' in peer insurance financial statements.