What is Globe Life's life — other assets?

Globe Life (GL) reported life — other assets of $0 in Q4 2023.

What does life — other assets mean?

Miscellaneous assets held by the life insurance segment that are not classified as core investments or receivables.

How do you interpret life — other assets?

Large or growing balances may warrant investigation into the nature and liquidity of these assets.

How does life — other assets compare across companies?

Standard balance sheet category for insurance companies.

Globe Life GL Life — Other assets

Discontinued — last reported Q4 '23

Similar metrics at other companies

NYTLife insurance — Miscellaneous assets

$47M-8.2%

GELife — Other

$113M-0.9%

PRILife Insurance — Total Assets

$6.99B+6.7%

UHAL.BLife Insurance — Increase Decrease In Other Operating Assets

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CRBGLife Insurance — Other

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UHAL.BLife Insurance — Other Liabilities

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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 gl:OtherAssetsRelatedToBusinessSegments.

The official record: Globe Life’s 10-K, filed February 28, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Globe Life's life — other assets?: Globe Life (GL) reported life — other assets of $0 in Q4 2023.
What does life — other assets mean?: Miscellaneous assets held by the life insurance segment that are not classified as core investments or receivables.
How do you interpret life — other assets?: Large or growing balances may warrant investigation into the nature and liquidity of these assets.
How does life — other assets compare across companies?: Standard balance sheet category for insurance companies.