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Vericity (Vericity) Net Margin % : -4.53% (As of Dec. 2023)


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What is Vericity Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Vericity's Net Income for the three months ended in Dec. 2023 was $-2.0 Mil. Vericity's Revenue for the three months ended in Dec. 2023 was $44.5 Mil. Therefore, Vericity's net margin for the quarter that ended in Dec. 2023 was -4.53%.

The historical rank and industry rank for Vericity's Net Margin % or its related term are showing as below:

VERY' s Net Margin % Range Over the Past 10 Years
Min: -16.93   Med: -11.17   Max: -5.57
Current: -5.57


VERY's Net Margin % is ranked worse than
91.96% of 485 companies
in the Insurance industry
Industry Median: 7.47 vs VERY: -5.57

Vericity Net Margin % Historical Data

The historical data trend for Vericity's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vericity Net Margin % Chart

Vericity Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial -14.28 -16.93 -9.43 -12.48 -5.57

Vericity Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.54 -4.22 4.42 -18.27 -4.53

Competitive Comparison of Vericity's Net Margin %

For the Insurance - Life subindustry, Vericity's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vericity's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Vericity's Net Margin % distribution charts can be found below:

* The bar in red indicates where Vericity's Net Margin % falls into.



Vericity Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Vericity's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-9.893/177.565
=-5.57 %

Vericity's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-2.016/44.545
=-4.53 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Vericity  (NAS:VERY) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Vericity Net Margin % Related Terms

Thank you for viewing the detailed overview of Vericity's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Vericity (Vericity) Business Description

Traded in Other Exchanges
Address
1350 E Touhy Avenue, Suite 205W, Des Plaines, IL, USA, 60018
Vericity Inc, along with its subsidiaries, offers life insurance products to the middle American market. It operates through three segments namely Agency, Insurance, and Corporate. The Agency segment includes the insurance distribution operations of the company and includes commission revenue from the sale of Fidelity Life products. The Insurance segment, which is the key revenue generating segment, is composed of three broad lines consisting of Direct Life, Closed Block, and Assumed Life and Annuities.
Executives
Calvin Dong director C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
J. Christopher Flowers 10 percent owner 717 FIFTH AVENUE, 26TH FLOOR, NEW YORK NY 10022
Scott R Perry director 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Eric C Rahe director C/O AAMES FINANCIAL CORP, 350 S GRAND AVE 43RD FL, LOS ANGELES CA 90071
Apex Holdco Gp Llc 10 percent owner C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
Jcf Associates Iv L.p. 10 percent owner C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
Apex Holdco L.p. 10 percent owner C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
Laura R Zimmerman officer: See Remarks 8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
Neil Ashe director C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309
Jcf Associates Iv Ltd. 10 percent owner C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
James W Schacht director 8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
Members Mutual Holding Co 10 percent owner 8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
Christopher Campbell officer: Executive Vice President 8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
John E Buchanan officer: See Remarks 8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
Chris S Kim officer: See Remarks 8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631