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Globe Life GL Life — Gross Profit

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:GrossProfit.

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 life — gross profit?
Globe Life (GL) reported life — gross profit of $387.18M in Q3 2024.
How has Globe Life's life — gross profit changed year-over-year?
Globe Life's life — gross profit increased by 29.0% year-over-year, from $300.09M to $387.18M.
What is the long-term trend for Globe Life's life — gross profit?
Over 2 years (2021 to 2023), Globe Life's life — gross profit has grown at a 1.3% compound annual growth rate (CAGR), from $1.16B to $1.19B.
What does life — gross profit mean?
The profit generated by the life insurance segment before corporate overhead and taxes.
How do you interpret life — gross profit?
Higher gross profit indicates strong pricing power, favorable claims experience, or efficient cost management.
How does life — gross profit compare across companies?
Commonly referred to as 'Underwriting Gain' or 'Segment Gross Margin' in the insurance industry.