What does life insurance — sales commissions and fees mean?

Costs paid for commissions and fees to acquire insurance customers.

How do you interpret life insurance — sales commissions and fees?

Rising costs relative to premiums may indicate higher acquisition difficulty, while lower costs suggest efficient distribution or a shift to direct-to-consumer channels.

How does life insurance — sales commissions and fees compare across companies?

Comparable to 'Acquisition Costs' or 'Commission Expense' in insurance industry filings.

U-Haul Holding UHAL.B Life Insurance — Sales Commissions And Fees

Discontinued — last reported Q2 '23

Similar metrics at other companies

EGInsurance — Commission and brokerage

$133M+16.7%

EGOther — Commission and brokerage

$5M0.0%

EQHProtection Solutions — Commissions and distribution-related payments

$41M-4.7%

UNMCorporate — Commissions

$0—

GLHealth — Commissions, premium taxes, and non-deferred acquisition costs

$58.93M+7.8%

GLLife — Commissions

$43.55M-4.4%

Other financials

Income statement

See full

Revenue$1.3B+3.1%

Gross profit$1.4B+3.5%

Operating income$33.7M-77.7%

Net income$37.0M-45.0%

EPS (diluted)$0.11-76.7%

Balance sheet

See full

Cash & equivalents$1.1B+13.3%

Total debt$8.1B+11.5%

Total equity$7.6B+1.5%

Total assets$21.5B+5.0%

Cash flow

See full

Operating cash flow$404.0M+103%

CapEx$551.7M-6.3%

Free cash flow-$147.7M+62.2%

Valuation

See full

Market cap$11.82B-26.2%

Enterprise value$18.83B-13.6%

P/S2×-0.8×

Profitability

See full

Gross margin95.9%-0.1pp

Operating margin8.5%-4.9pp

Net margin7.9%-3.8pp

FCF margin-22.5%-5.8pp

Returns & leverage

See full

Return on equity6.1%-3.8pp

Debt / equity1.1×+0.1×

Where this comes from

Reported directly by U-Haul Holding in its filing.

Tagged under the XBRL concept us-gaap:SalesCommissionsAndFees.

The official record: U-Haul Holding’s 10-Q, filed November 8, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is U-Haul Holding's life insurance — sales commissions and fees?: U-Haul Holding (UHAL.B) reported life insurance — sales commissions and fees of $0 in Q3 2023.
What does life insurance — sales commissions and fees mean?: Costs paid for commissions and fees to acquire insurance customers.
How do you interpret life insurance — sales commissions and fees?: Rising costs relative to premiums may indicate higher acquisition difficulty, while lower costs suggest efficient distribution or a shift to direct-to-consumer channels.
How does life insurance — sales commissions and fees compare across companies?: Comparable to 'Acquisition Costs' or 'Commission Expense' in insurance industry filings.