Torchmark Corporation (TMK) financial statements (2021 and earlier)

Company profile

Business Address 3700 SOUTH STONEBRIDGE DRIVE
MCKINNEY, TX 75070
State of Incorp. DE
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11418424614811682114
Cash and cash equivalents7612111976616637
Short-term investments386312772551677
Total current assets:11418424614811682114
Noncurrent Assets
Property, plant and equipment16113510897835451
Long-term investments and receivables32620710954371013
Long-term investments32620710954371013
Intangible assets, net (including goodwill)442442442442442442442
Goodwill442442442442442442442
Deferred costs  1,2801,2501,2101,150 
Total noncurrent assets:9297841,9381,8421,7711,656506
Other undisclosed assets24,93422,12821,29119,44517,96618,47717,572
TOTAL ASSETS:25,97723,09623,47521,43619,85320,21518,192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt308315332266490238229
Total current liabilities:308315332266490238229
Noncurrent Liabilities
Long-term debt and lease obligation1,3491,3571,1321,133   
Long-term debt, excluding current maturities1,3491,3571,1321,133   
Total noncurrent liabilities:1,3491,3571,1321,133   
Other undisclosed liabilities17,02616,00915,77915,47015,30815,27914,186
Total liabilities:18,68317,68117,24416,86915,79815,51714,415
Stockholders' equity
Stockholders' equity attributable to parent7,2945,4156,2314,5674,0564,6973,776
Common stock117121124127130134101
Treasury stock, value(751)(763)(632)(519)(403)(269)(543)
Additional paid in capital532524508490482458462
Accumulated other comprehensive income1,8453191,424578232997211
Retained earnings5,5515,2134,8063,8913,6143,3773,546
Total stockholders' equity:7,2945,4156,2314,5674,0564,6973,776
TOTAL LIABILITIES AND EQUITY:25,97723,09623,47521,43619,85320,21518,192

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,5284,3044,1563,9353,7663,9643,772
Premiums earned, net3,5953,422
Net investment income910883848807774729710
Financial services revenue3,2833,1372,9993,2303,052
Cost of revenue(2,909)(2,792)(2,718)(2,598)(2,462)(2,638)(2,089)
Policyholder benefits and claims incurred, net(2,357)(2,275)
Deferred policy acquisition costs, amortization expense(552)(517)(490)(469)(446)(419)403
Financial services costs(2,228)(2,129)(2,016)(2,219)(2,089)
Other undisclosed gross profit(708)(646)(630)(554)(529)(571)(928)
Gross profit:911865807783775755755
Operating expenses     (384)(387)
Other undisclosed operating income95   423420
Operating income:920871807783775795789
Nonoperating income (expense)(16)(16)9(24)(21)119
Investment income, nonoperating(16)(16)9(24)(21)(17)(25)
Interest and debt expense(84)(11)(85)(83)(77)(76)(80)
Other undisclosed income from continuing operations before equity method investments, income taxes112209997895046
Income from continuing operations before income taxes:931864831772766778763
Income tax expense (benefit)(170)(162)628(233)(250)(236)(235)
Net income:7617021,458540516543528
Other undisclosed net income (loss) attributable to parent(0)(0)(4)1011  
Net income available to common stockholders, diluted:7617011,454550527543528

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:7617021,458540516543528
Other comprehensive income (loss)1,933(1,105)594346(766)786(714)
Comprehensive income (loss):2,694(403)2,053885(249)1,329(186)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(408)(0)(4)1011  
Comprehensive income (loss), net of tax, attributable to parent:2,286(403)2,049895(238)1,329(186)

Statements sources

The financial statements are based on the company's filings with the 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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