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Vericity (Vericity) Sloan Ratio % : -0.98% (As of Dec. 2023)


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What is Vericity Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Vericity's Sloan Ratio for the quarter that ended in Dec. 2023 was -0.98%.

As of Dec. 2023, Vericity has a Sloan Ratio of -0.98%, indicating the company is in the safe zone and there is no funny business with accruals.


Vericity Sloan Ratio % Historical Data

The historical data trend for Vericity's Sloan Ratio % 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.

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Vericity Sloan Ratio % Chart

Vericity Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial 1.26 -2.81 -1.85 -0.56 -0.98

Vericity Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Sloan Ratio % 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 -0.56 -0.48 0.31 -1.22 -0.98

Competitive Comparison of Vericity's Sloan Ratio %

For the Insurance - Life subindustry, Vericity's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Sloan Ratio % Distribution in the Insurance Industry

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

* The bar in red indicates where Vericity's Sloan Ratio % falls into.



Vericity Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

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

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(-9.893-4.833
--6.68)/822.818
=-0.98%

Vericity's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(-9.893-4.833
--6.68)/822.818
=-0.98%

Vericity's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -1.881 (Mar. 2023 ) + 1.979 (Jun. 2023 ) + -7.975 (Sep. 2023 ) + -2.016 (Dec. 2023 ) = $-9.9 Mil.
Vericity's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -5.354 (Mar. 2023 ) + 3.545 (Jun. 2023 ) + 3.686 (Sep. 2023 ) + 2.956 (Dec. 2023 ) = $4.8 Mil.
Vericity's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 2.238 (Mar. 2023 ) + -3.13 (Jun. 2023 ) + -3.591 (Sep. 2023 ) + -2.197 (Dec. 2023 ) = $-6.7 Mil.

* 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) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Dec. 2023, Vericity has a Sloan Ratio of -0.98%, indicating the company is in the safe zone and there is no funny business with accruals.


Vericity Sloan Ratio % Related Terms

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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