What is Globe Life's life — parent expense?

Globe Life (GL) reported life — parent expense of $0 in Q3 2024.

What does life — parent expense mean?

The portion of corporate overhead costs allocated to the life insurance business segment.

How do you interpret life — parent expense?

Significant fluctuations may indicate changes in corporate cost allocation methodologies rather than operational performance.

How does life — parent expense compare across companies?

Standard in multi-segment insurance holding companies as 'Allocated Corporate Expenses'.

Globe Life GL Life — Parent expense

Discontinued — last reported Q3 '24

Similar metrics at other companies

PRUIndividual Life — General and Administrative Expenses

$203.75M+17.4%

CRBGLife Insurance — Interest Expense

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UHAL.BLife Insurance — Other General Expense

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CRBGLife Insurance — General operating expenses

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CRBGLife Insurance — Other Operating Expenses

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UHAL.BLife Insurance — Interest Expense

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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:ParentExpense.

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 — parent expense?: Globe Life (GL) reported life — parent expense of $0 in Q3 2024.
What does life — parent expense mean?: The portion of corporate overhead costs allocated to the life insurance business segment.
How do you interpret life — parent expense?: Significant fluctuations may indicate changes in corporate cost allocation methodologies rather than operational performance.
How does life — parent expense compare across companies?: Standard in multi-segment insurance holding companies as 'Allocated Corporate Expenses'.