Vericity (Vericity) Long-Term Capital Lease Obligation : $0.0 Mil (As of Mar. 2024)

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What is Vericity Long-Term Capital Lease Obligation?

Vericity's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil.

Vericity Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vericity's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Vericity Long-Term Capital Lease Obligation Chart

Vericity Annual Data

Trend

Dec17

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Dec23

Long-Term Capital Lease Obligation

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Vericity Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Vericity (NAS:VERY) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Vericity Long-Term Capital Lease Obligation Related Terms

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Vericity (Vericity) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Vericity Inc (NAS:VERY) » Definitions » Long-Term Capital Lease Obligation

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2TE:Germany

Address

1350 E Touhy Avenue, Suite 205W, Des Plaines, IL, USA, 60018

Website

https://www.vericity.com

Vericity Inc, along with its subsidiaries, offers life insurance products to the middle American market. It operates through three segments namely Agency, Insurance, and Corporate. The Agency segment includes the insurance distribution operations of the company and includes commission revenue from the sale of Fidelity Life products. The Insurance segment, which is the key revenue generating segment, is composed of three broad lines consisting of Direct Life, Closed Block, and Assumed Life and Annuities.

Executives

Calvin Dong	director	C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
J. Christopher Flowers	10 percent owner	717 FIFTH AVENUE, 26TH FLOOR, NEW YORK NY 10022
Scott R Perry	director	11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Eric C Rahe	director	C/O AAMES FINANCIAL CORP, 350 S GRAND AVE 43RD FL, LOS ANGELES CA 90071
Apex Holdco Gp Llc	10 percent owner	C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
Jcf Associates Iv L.p.	10 percent owner	C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
Apex Holdco L.p.	10 percent owner	C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
Laura R Zimmerman	officer: See Remarks	8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
Neil Ashe	director	C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309
Jcf Associates Iv Ltd.	10 percent owner	C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
James W Schacht	director	8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
Members Mutual Holding Co	10 percent owner	8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
Christopher Campbell	officer: Executive Vice President	8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
John E Buchanan	officer: See Remarks	8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
Chris S Kim	officer: See Remarks	8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631