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Globe Life GL Life Insurance — Ceded Premiums Earned

Discontinued — last reported Q4 '24

Similar metrics at other companies

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ORILife Insurance — Ceded Premiums Earned
$400K-23.8%
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UNMLife Insurance — Reinsurance Ceded
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$40.03M+12.8%
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FNFTraditional Life Insurance Premiums — Ceded Premiums Earned
$20M-9.1%

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:CededPremiumsEarned.

The official record: Globe Life’s 10-K, filed February 26, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Globe Life's life insurance — ceded premiums earned?
Globe Life (GL) reported life insurance — ceded premiums earned of $1.16M in Q4 2024.
How has Globe Life's life insurance — ceded premiums earned changed year-over-year?
Globe Life's life insurance — ceded premiums earned increased by 1.1% year-over-year, from $1.15M to $1.16M.
What is the long-term trend for Globe Life's life insurance — ceded premiums earned?
Over 3 years (2021 to 2024), Globe Life's life insurance — ceded premiums earned has grown at a 2.7% compound annual growth rate (CAGR), from $4.29M to $4.65M.
What does life insurance — ceded premiums earned mean?
The amount of life insurance premiums paid by the company to reinsurers to transfer a portion of its insurance risk.
How do you interpret life insurance — ceded premiums earned?
An increase suggests higher utilization of reinsurance to manage risk or capital requirements, while a decrease indicates higher net retention of insurance risk by the company.
How does life insurance — ceded premiums earned compare across companies?
Comparable to 'Reinsurance Premiums Ceded' or 'Premiums Ceded to Reinsurers' reported by other life and health insurance companies.