Globe Life (GL) Amortization of Deferred Charges (2012 - 2023)
Globe Life's (GL) quarterly Amortization of Deferred Charges came in at $97.5 million in Q4 2023, up 8.22% on a YoY basis from $90.1 million in Q4 2022, and up 1.86% quarter-over-quarter from $95.8 million in Q3 2023.
Analysis
Globe Life (GL) Amortization of Deferred Charges (2012 - 2023) Analysis & Trends
Globe Life (GL) has reported Amortization of Deferred Charges for 11 consecutive years, with $97.5 million the latest figure, recorded in Q4 2023.
- For the quarter ending Q4 2023, Amortization of Deferred Charges rose 8.22% year-over-year to $97.5 million; the trailing twelve-month figure through Dec 2023 stood at $379.7 million (up 8.85% YoY), and the FY2025 full-year result was $447.8 million, up 9.21% from the prior year.
- Amortization of Deferred Charges rose to $97.5 million in Q4 2023 per GL's latest filing, from $95.8 million in the prior quarter.
- Across five years, Amortization of Deferred Charges topped out at $146.2 million in Q2 2020 and bottomed at $84.5 million in Q1 2022.
- Historically, Amortization of Deferred Charges has averaged $116.0 million across 4 years, with a median of $116.7 million in 2019.
- The sharpest annual moves came in 2020 and 2023: Amortization of Deferred Charges advanced 1.73% in 2020, then rose 9.26% in 2023.
- Over 4 years, Amortization of Deferred Charges stood at $139.3 million in 2019, then advanced by 4.05% to $144.9 million in 2020, then slumped by 37.81% to $90.1 million in 2022, then rose by 8.22% to $97.5 million in 2023.
- According to Business Quant data, Amortization of Deferred Charges over the past three periods registered $97.5 million, $95.8 million, and $94.1 million for Q4 2023, Q3 2023, and Q2 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Manulife Financial | 75.56 Bn | 76.77 Bn | - |
| 2 | Metlife | 61.89 Bn | 34.88 Bn | 7.82 Bn |
| 3 | Sun Life Financial | 45.01 Bn | 40.41 Bn | - |
| 4 | Globe Life | 16.00 Bn | 15.24 Bn | 801.48 Mn |
| 5 | Equitable Holdings | 14.74 Bn | -2.55 Bn | 1.22 Bn |
| 6 | Brookfield Wealth Solutions | 12.45 Bn | 11.71 Mn | 1.92 Bn |
| 7 | Corebridge Financial | 9.60 Bn | -296.03 Bn | 2.79 Bn |
| 8 | Jackson Financial | 9.04 Bn | 3.56 Bn | - |
| 9 | Primerica | 8.98 Bn | 8.35 Bn | 717.74 Mn |
| 10 | Lincoln National | 8.08 Bn | -3.60 Bn | 2.62 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 97.54 Mn |
| Sep 30, 2023 | 95.76 Mn |
| Jun 30, 2023 | 94.08 Mn |
| Mar 31, 2023 | 92.32 Mn |
| Dec 31, 2022 | 90.13 Mn |
| Sep 30, 2022 | 88.01 Mn |
| Jun 30, 2022 | 86.19 Mn |
| Mar 31, 2022 | 84.50 Mn |
| Dec 31, 2020 | 144.93 Mn |
| Sep 30, 2020 | 140.84 Mn |
| Jun 30, 2020 | 146.16 Mn |
| Mar 31, 2020 | 143.84 Mn |
| Dec 31, 2019 | 139.29 Mn |
| Sep 30, 2019 | 138.45 Mn |
| Jun 30, 2019 | 138.17 Mn |
| Mar 31, 2019 | 135.82 Mn |
| Dec 31, 2018 | 128.50 Mn |
| Sep 30, 2018 | 129.49 Mn |
| Jun 30, 2018 | 129.08 Mn |
| Mar 31, 2018 | 129.62 Mn |