What does life — business segment selected liabilities mean?

The total amount of money the insurance segment is obligated to pay out for future claims and benefits.

How do you interpret life — business segment selected liabilities?

A significant increase may indicate a growing book of business or changes in actuarial assumptions regarding future payouts.

How does life — business segment selected liabilities compare across companies?

Comparable to 'policy liabilities' or 'insurance contract liabilities' reported by peer life insurers.

Globe Life GL Life — Business Segment Selected Liabilities

Discontinued — last reported Q4 '18

Similar metrics at other companies

CINFLife Insurance Segment — Other policy claims and benefits payable

$35M-18.6%

ACGLUnderwriting Segments — Total Liabilities

$40.55B+15.6%

RGALife Insurance Product Line — SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Liability for Future Policy Benefit, Loss, Claim and Loss Expense

$30.76B+12.0%

KKRInsurance — Liability

$1.4B+16.4%

UHAL.BLife Insurance — Liabilities

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CNALife & Group — Future policy benefits

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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

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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 tmk:BusinessSegmentSelectedLiabilities.

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

Questions, answered.

What does life — business segment selected liabilities mean?: The total amount of money the insurance segment is obligated to pay out for future claims and benefits.
How do you interpret life — business segment selected liabilities?: A significant increase may indicate a growing book of business or changes in actuarial assumptions regarding future payouts.
How does life — business segment selected liabilities compare across companies?: Comparable to 'policy liabilities' or 'insurance contract liabilities' reported by peer life insurers.