What does health — PV of expected future gross premiums mean?

The current value of all future premium payments expected from health insurance customers.

How do you interpret health — PV of expected future gross premiums?

Higher values indicate stronger future revenue potential and better long-term policy retention.

How does health — PV of expected future gross premiums compare across companies?

Standard actuarial metric used to assess the embedded value of insurance blocks.

Globe Life GL Health — PV of expected future gross premiums

Discontinued — last reported Q1 '23

Similar metrics at other companies

EQHHealth — Expected future gross premiums (discounted; AOCI basis)

$46M-13.2%

EQHHealth — Expected future gross premiums (undiscounted)

$58M-13.4%

PRUInternational Businesses — Discounted expected future gross premiums (at current discount rate)

$70.89B-12.2%

METGroup Benefits — Present Value of Future Insurance Profits, Net

$0—

VOYAEmployee Benefits Group — Expected future gross premiums, Undiscounted

——

VOYAEmployee Benefits Group — Expected future gross premiums, Discounted

——

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

See full

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

See full

Operating cash flow$420.9M-2.5%

CapEx$24.9M+112%

Free cash flow$396.0M-5.7%

Valuation

See full

Market cap$13.26B-0.4%

Enterprise value$16.24B-0.8%

P/E11.3×-1.2×

P/S2.2×-0.1×

Profitability

See full

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 gl:LiabilityForFuturePolicyBenefitExpectedGrossPremiumOriginalDiscountRateBeforeCashFlowAndReinsurance.

The official record: Globe Life’s 10-Q, filed May 9, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Globe Life's health — PV of expected future gross premiums?: Globe Life (GL) reported health — PV of expected future gross premiums of $10.6B in Q1 2023.
What does health — PV of expected future gross premiums mean?: The current value of all future premium payments expected from health insurance customers.
How do you interpret health — PV of expected future gross premiums?: Higher values indicate stronger future revenue potential and better long-term policy retention.
How does health — PV of expected future gross premiums compare across companies?: Standard actuarial metric used to assess the embedded value of insurance blocks.