Vericity Inc. (VERY) Financial Statements (2026 and earlier)

Company Profile

Business Address 1350 E TOUHY
DES PLAINES, IL 60018
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6311 - Life Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments    3,84837,842
Cash and cash equivalent     37,842
Short-term investments    3,848 
Total current assets:    3,84837,842
Noncurrent Assets
Intangible asset, including goodwill, after accumulated amortization1,6351,6351,6351,6351,635
Intangible asset, excluding goodwill, after accumulated amortization1,6351,6351,6351,6351,635
Deferred income tax assets32,39628,43712,70010,9269,440
Total noncurrent assets:34,03130,07214,33512,56111,075
Other undisclosed assets788,787740,006773,672752,355672,865
TOTAL ASSETS:822,818770,078788,007768,764721,782
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt9,2496,9763,9665,5453,999
Total current liabilities:9,2496,9763,9665,5453,999
Noncurrent Liabilities
Other undisclosed liabilities703,356651,759611,137567,986505,366
Total liabilities:712,605658,735615,103573,531509,365
Equity
Equity, attributable to parent110,213111,343172,904195,233212,417
Common stock1515151515
Additional paid in capital39,84039,84039,84039,84039,840
Accumulated other comprehensive income (loss)(21,222)(30,172)10,92916,6018,757
Retained earnings91,580101,660122,120138,777163,805
Total equity:110,213111,343172,904195,233212,417
TOTAL LIABILITIES AND EQUITY:822,818770,078788,007768,764721,782

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues177,565163,912176,579147,831135,300
Insurance commissions and fees59,93742,63444,39321,81117,688
Premiums earned, net96,839100,075107,958108,04294,370
Cost of revenue(84,266)(88,725)(98,902)(94,771)(78,460)
Policyholder benefits and claims incurred, net(67,674)(67,502)(77,693)(77,692)(61,851)
Deferred policy acquisition costs, amortization expense(13,954)(18,443)(18,225)(13,961)(13,410)
Gross profit:93,29975,18777,67753,06056,840
Operating expenses(104,151)(97,755)(94,712)(80,363)(76,953)
Operating loss:(10,852)(22,568)(17,035)(27,303)(20,113)
Interest and debt expense(2,529)(1,648)(1,496)(1,433)(998)
Other undisclosed income from continuing operations before equity method investments, income taxes    1,433915
Loss from continuing operations before equity method investments, income taxes:(13,381)(24,216)(18,531)(27,303)(20,196)
Other undisclosed income from continuing operations before income taxes2,5291,6481,496  
Loss from continuing operations before income taxes:(10,852)(22,568)(17,035)(27,303)(20,196)
Income tax benefit9592,1083782,275872
Loss from continuing operations:(9,893)(20,460)(16,657)(25,028)(19,324)
Loss before gain (loss) on sale of properties:✕✕✕(16,657)(25,028)(19,324)
Net loss available to common stockholders, diluted:(9,893)(20,460)(16,657)(25,028)(19,324)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net loss:(9,893)(20,460)(16,657)(25,028)(19,324)
Other comprehensive income (loss)  (41,101)(5,672)7,844 
Comprehensive loss:(9,893)(61,561)(22,329)(17,184)(19,324)
Other undisclosed comprehensive income, net of tax, attributable to parent8,950   11,125
Comprehensive loss, net of tax, attributable to parent:(943)(61,561)(22,329)(17,184)(8,199)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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