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Globe Life (Globe Life) Scaled Net Operating Assets : -0.39 (As of Mar. 2024)


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What is Globe Life Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Globe Life's operating assets for the quarter that ended in Mar. 2024 was $10,284 Mil. Globe Life's operating liabilities for the quarter that ended in Mar. 2024 was $21,168 Mil. Globe Life's Total Assets for the quarter that ended in Dec. 2023 was $28,051 Mil. Therefore, Globe Life's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.39.

Globe Life Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Globe Life's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(27948.343-21449.024)/25986.797
=0.25

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=28051.499 - 103.156
=27948.343

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23564.696 - 1629.559 - 486.113
=21449.024

Globe Life's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(10284.28-21167.91)/28051.499
=-0.39

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=28570.593 - 18286.313
=10284.28

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23531.432 - 1629.978 - 733.544
=21167.91

* 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.

Globe Life Scaled Net Operating Assets Related Terms

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Globe Life (Globe Life) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Globe Life Inc (NYSE:GL) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
G1LL34:Brazil
Address
3700 South Stonebridge Drive, McKinney, TX, USA, 75070
Website
https://www.globelifeinsurance.com
Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.
Executives
Jennifer Allison Haworth officer: EVP & Chief Marketing Officer 3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
Melissa Jane Buchan director 1920 MAIN STREET, SUITE 500, IRVINE CA 92614
Dolores L Skarjune officer: EVP & Chief Admin. Officer 3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
Rebecca E Zorn officer: EVP & Chief Talent Officer 3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
Michael Clay Majors officer: EVP - Investor Rel. & Admin. UNITED AMERICAN INSURANCE COMPANY, 3700 SOUTH STONEBRIDGE DRIVE, MCKINNEY TX 75070
Frank M Svoboda officer: EVP & CFO 3340 PECAN HOLLOW CT, GRAPEVINE TX 76051
James Matthew Darden officer: EVP, Chief Strategy Officer 2904 BELCLAIRE DRIVE, FRISCO TX 75034
Michael Shane Henrie officer: SVP & Chief Accounting Officer UNITED AMERICAN INSURANCE COMPANY, 3700 SOUTH STONEBRIDGE DRIVE, MCKINNEY TX 75070
Robert Brian Mitchell officer: EVP, General Counsel and CRO 3120 HARVEY PKWY, OKLAHOMA CITY OK 73118
Cheryl Alston director 3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
David A Rodriguez director 10400 FERNWOOD ROAD, BETHESDA MD 20817
Alice S Cho director P.O. BOX 30918, BILLINGS MT 59116-0918
Steven John Dichiaro other: Exec. Officer of Principal Sub 2152 SEVEN LAKES DR, LOVELAND CO 80538
Gary L Coleman director, officer: Co-Chairman & CEO
Larry M Hutchison director, officer: Co-Chaiman & CEO P O BOX 8080, MCKINNEY TX 75010