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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20311418424614811682
Cash and cash equivalents9576121119766166
Short-term investments1083863127725516
Total current assets:20311418424614811682
Noncurrent Assets
Property, plant and equipment186161135108978354
Long-term investments and receivables547326207109543710
Long-term investments547326207109543710
Intangible assets, net (including goodwill)442442442442442442442
Goodwill442442442442442442442
Deferred costs   1,2801,2501,2101,150
Total noncurrent assets:1,1759297841,9381,8421,7711,656
Other undisclosed assets27,67024,93422,12821,29119,44517,96618,477
TOTAL ASSETS:29,04725,97723,09623,47521,43619,85320,215
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt255308315332266490238
Total current liabilities:255308315332266490238
Noncurrent Liabilities
Long-term debt and lease obligation1,6681,3491,3571,1321,133  
Long-term debt, excluding current maturities1,6681,3491,3571,1321,133  
Total noncurrent liabilities:1,6681,3491,3571,1321,133  
Other undisclosed liabilities18,35317,02616,00915,77915,47015,30815,279
Total liabilities:20,27618,68317,68117,24416,86915,79815,517
Stockholders' equity
Stockholders' equity attributable to parent8,7717,2945,4156,2314,5674,0564,697
Common stock113117121124127130134
Treasury stock, value(773)(751)(763)(632)(519)(403)(269)
Additional paid in capital527532524508490482458
Accumulated other comprehensive income3,0291,8453191,424578232997
Retained earnings5,8745,5515,2134,8063,8913,6143,377
Total stockholders' equity:8,7717,2945,4156,2314,5674,0564,697
TOTAL LIABILITIES AND EQUITY:29,04725,97723,09623,47521,43619,85320,215

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,7384,5284,3044,1563,9353,7663,964
Premiums earned, net3,8143,5953,422
Net investment income927910883848807774729
Financial services revenue3,2833,1372,9993,230
Cost of revenue(3,149)(2,909)(2,792)(2,718)(2,598)(2,462)(2,638)
Policyholder benefits and claims incurred, net(2,573)(2,357)(2,275)
Deferred policy acquisition costs, amortization expense(576)(552)(517)(490)(469)(446)(419)
Financial services costs(2,228)(2,129)(2,016)(2,219)
Other undisclosed gross profit(688)(708)(646)(630)(554)(529)(571)
Gross profit:901911865807783775755
Operating expenses      (384)
Other undisclosed operating income495   423
Operating income:905920871807783775795
Nonoperating income (expense)(18)(16)(16)9(24)(21)11
Investment income, nonoperating(18)(16)(16)9(24)(21)(17)
Interest and debt expense(1)(84)(11)(85)(83)(77)(76)
Other undisclosed income from continuing operations before equity method investments, income taxes101122099978950
Income from continuing operations before income taxes:897931864831772766778
Income tax expense (benefit)(165)(170)(162)628(233)(250)(236)
Net income:7327617021,458540516543
Other undisclosed net income (loss) attributable to parent (0)(0)(4)1011 
Net income available to common stockholders, diluted:7327617011,454550527543

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:7327617021,458540516543
Other comprehensive income (loss)1,4981,933(1,105)594346(766)786
Comprehensive income (loss):2,2292,694(403)2,053885(249)1,329
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(313)(408)(0)(4)1011 
Comprehensive income (loss), net of tax, attributable to parent:1,9162,286(403)2,049895(238)1,329

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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