What does life — liability for future policy benefits mean?

The actuarial estimate of the company's long-term obligations to pay future life insurance benefits to policyholders.

How do you interpret life — liability for future policy benefits?

An increase reflects growth in the long-term insurance book or changes in actuarial assumptions, while a decrease may signal a shrinking book or favorable assumption updates.

How does life — liability for future policy benefits compare across companies?

Standardized across the insurance industry as 'Future Policy Benefit Reserves' or 'Life Reserves' under various accounting frameworks.

Globe Life GL Life — Liability For Future Policy Benefits

Discontinued — last reported Q4 '18

Similar metrics at other companies

PRUIndividual Life — Future Policy Benefits, Losses, Claims Expenses

$28.35B+6.8%

CBLife Insurance — Net liability for future policy benefits

$14.76B+10.5%

GELife — Future policy benefit reserves

$877M-12.6%

AFLLife insurance — Future policy benefits

$16.16B-19.9%

CNALifeand Group — Liability For Future Policy Benefits

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CRBGLife Insurance — 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 us-gaap:LiabilityForFuturePolicyBenefits.

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

Questions, answered.

What does life — liability for future policy benefits mean?: The actuarial estimate of the company's long-term obligations to pay future life insurance benefits to policyholders.
How do you interpret life — liability for future policy benefits?: An increase reflects growth in the long-term insurance book or changes in actuarial assumptions, while a decrease may signal a shrinking book or favorable assumption updates.
How does life — liability for future policy benefits compare across companies?: Standardized across the insurance industry as 'Future Policy Benefit Reserves' or 'Life Reserves' under various accounting frameworks.