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Life Underwriting Margin by Type
Measures profitability from life insurance underwriting, indicating efficiency and potential profitability in this core business area.American Income is the clear engine behind recent underwriting‑margin expansion, with steady, large gains that have lifted overall profitability; Direct‑to‑Consumer and Liberty National are showing faster percentage improvements and recurring September spikes, suggesting seasonality or timing of premium/renewal patterns. The trend points to stronger pricing, persistency or favorable mortality, but also greater concentration risk in American Income—monitor whether the September bumps repeat and whether management can sustain margin gains across channels rather than from one dominant book.
Date | American Income | Direct-to-Consumer | Liberty National | Other |
|---|---|---|---|---|
Jun 30, 2026 | $213.60M | $75.88M | $36.65M | $33.22M |
Mar 31, 2026 | $209.01M | $73.64M | $35.29M | $31.12M |
Dec 31, 2025 | $208.26M | $73.71M | $35.84M | $32.61M |
Sep 30, 2025 | $261.12M | $113.74M | $70.29M | $36.45M |
Jun 30, 2025 | $204.53M | $68.96M | $33.45M | $33.14M |
Mar 31, 2025 | $196.17M | $64.20M | $31.77M | $45.12M |
Dec 31, 2024 | $198.97M | $71.24M | $33.65M | $32.22M |
Sep 30, 2024 | $221.25M | $88.28M | $44.70M | $32.96M |
Jun 30, 2024 | $192.66M | $63.85M | $31.07M | $32.74M |
Mar 31, 2024 | $187.07M | $58.59M | $30.71M | $32.65M |