What does life — unearned premiums mean?

The portion of premiums already paid by customers that covers insurance protection for future time periods.

How do you interpret life — unearned premiums?

An increase suggests growth in new business or longer-term policy prepayments, while a decrease may indicate a decline in new policy issuance or shorter policy durations.

How does life — unearned premiums compare across companies?

Standard industry metric for 'Unearned Premium Reserve' (UPR), commonly used to assess future revenue recognition and liability exposure.

Globe Life GL Life — Unearned Premiums

Discontinued — last reported Q4 '18

Similar metrics at other companies

PRUGroup Insurance — Unearned Premiums

$94M-61.8%

PRUIndividual Life — Unearned Premiums

$0—

PRUInternational Businesses — Unearned Premiums

$77M-11.5%

MKLInsurance — Unearned premiums

$4.28B-0.6%

CRBGLife Insurance — Unearned Premiums

——

CNALifeand Group — Unearned Premiums

——

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

See full

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

See full

Operating cash flow$420.9M-2.5%

CapEx$24.9M+112%

Free cash flow$396.0M-5.7%

Valuation

See full

Market cap$13.26B-0.4%

Enterprise value$16.24B-0.8%

P/E11.3×-1.2×

P/S2.2×-0.1×

Profitability

See full

Net margin19.4%+1.0pp

FCF margin20.2%-3.9pp

Returns & leverage

See full

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:UnearnedPremiums.

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

Questions, answered.

What does life — unearned premiums mean?: The portion of premiums already paid by customers that covers insurance protection for future time periods.
How do you interpret life — unearned premiums?: An increase suggests growth in new business or longer-term policy prepayments, while a decrease may indicate a decline in new policy issuance or shorter policy durations.
How does life — unearned premiums compare across companies?: Standard industry metric for 'Unearned Premium Reserve' (UPR), commonly used to assess future revenue recognition and liability exposure.