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Globe Life GL Investment — 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 investment — policyholder benefits and claims incurred, net?
Globe Life (GL) reported investment — policyholder benefits and claims incurred, net of $6.04M in Q3 2024.
How has Globe Life's investment — policyholder benefits and claims incurred, net changed year-over-year?
Globe Life's investment — policyholder benefits and claims incurred, net increased by 121.7% year-over-year, from $2.72M to $6.04M.
What is the long-term trend for Globe Life's investment — policyholder benefits and claims incurred, net?
Over 2 years (2021 to 2023), Globe Life's investment — policyholder benefits and claims incurred, net has grown at a 46.1% compound annual growth rate (CAGR), from $4.24M to $9.06M.
What does investment — policyholder benefits and claims incurred, net mean?
The total cost of insurance claims and benefits paid out by the investment segment.
How do you interpret investment — policyholder benefits and claims incurred, net?
Lower costs relative to premiums or reserves indicate better underwriting or lower-than-expected claim frequency.
How does investment — policyholder benefits and claims incurred, net compare across companies?
Standard industry metric known as 'Incurred Claims' or 'Policyholder Benefits Expense'.