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SouthState SSB Payment to Acquire Life Insurance Policy, Investing Activities

Discontinued — last reported Q4 '23

Payment to Acquire Life Insurance Policy, Investing Activities at other companies

Webster Financial Corporation logo
Webster Financial CorporationWBS

Other financials

Income statement

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Revenue$661.7M+4.9%
Net income$225.8M+154%
EPS (diluted)$2.28+162%

Balance sheet

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Cash & equivalents$2.9B-13.1%
Total debt$520.5M+6.6%
Total equity$9.0B+4.7%
Total assets$68.0B+4.4%

Cash flow

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Operating cash flow$299.0M+337%
CapEx$16.1M+25.3%
Free cash flow$283.0M+303%

Valuation

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Market cap$9.43B-3.6%
Enterprise value$7.08B+2.0%
P/E10.1×-9.1×
P/S3.5×-1.6×

Profitability

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Net margin34.5%+8.2pp
FCF margin24.1%

Returns & leverage

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Return on equity10.6%+3.4pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by SouthState in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireLifeInsurancePolicies.

The official record: SouthState’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SouthState's payment to acquire life insurance policy, investing activities?
SouthState (SSB) reported payment to acquire life insurance policy, investing activities of $1.49M in Q4 2023.
What does payment to acquire life insurance policy, investing activities mean?
Cash paid to purchase life insurance policies on employees as a financial asset.
How do you interpret payment to acquire life insurance policy, investing activities?
Changes reflect the bank's strategy for managing long-term benefit obligations and tax-efficient asset allocation.
How does payment to acquire life insurance policy, investing activities compare across companies?
Common among mid-to-large sized banks for tax and benefit management.