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Torchmark Corp. Reports Operating Results (10-K)

February 28, 2012 | About:

Torchmark Corp. (NYSE:TMK) filed Annual Report for the period ended 2011-12-31.

Torchmark Corp has a market cap of $4.97 billion; its shares were traded at around $48.7 with a P/E ratio of 10.4 and P/S ratio of 1.5. The dividend yield of Torchmark Corp stocks is 1%. Torchmark Corp had an annual average earning growth of 2.5% over the past 10 years. GuruFocus rated Torchmark Corp the business predictability rank of 3.5-star.

Highlight of Business Operations:

We use three statistical measures as indicators of premium growth and sales over the near term: annualized premium in force, net sales, and first-year collected premium. Annualized premium in force is defined as the premium income that would be received over the following twelve months at any given date on all active policies if those policies remain in force throughout the twelve-month period. Annualized premium in force is an indicator of potential growth in premium revenue. Net sales is annualized premium issued, net of cancellations in the first thirty days after issue, except in the case of Direct Response where net sales is annualized premium issued at the time the first full premium is paid after any introductory offer period has expired. We believe that net sales is a superior indicator of the rate of premium growth relative to annualized premium issued. First-year collected premium is defined as the premium collected during the reporting period for all policies in their first policy year. First-year collected premium takes lapses into account in the first year when lapses are more likely to occur, and thus is a useful indicator of how much new premium is expected to be added to premium income in the future.

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About the author:

Charlie Tian, Ph.D. - Founder of GuruFocus. You can now order his book Invest Like a Guru on Amazon.

Rating: 2.0/5 (1 vote)


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