VERY · Vericity, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.49M | - | $43.66M | $44.74M | $44.62M | - | $39.69M | $42.73M | $39.51M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $29.47M | - | $26.75M | $25.72M | $25.77M | - | $23.13M | $24.57M | $25.15M | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | ($6.21M) | - | ($9.59M) | $2.74M | ($1.85M) | - | ($5.68M) | ($2.13M) | ($6.08M) | - |
| Interest Expense | $719.0K | - | - | - | $492.0K | - | - | - | $325.0K | - |
| Income Tax | ($686.0K) | - | ($1.61M) | $763.0K | $26.0K | - | ($591.0K) | $223.0K | ($418.0K) | - |
| Net Income | ($5.53M) | - | ($7.97M) | $1.98M | ($1.88M) | - | ($5.08M) | ($2.35M) | ($5.66M) | - |
| EPS - Basic | ($0.37) | - | ($0.54) | $0.13 | ($0.13) | - | ($0.34) | ($0.16) | ($0.38) | - |
| EPS - Diluted | ($0.37) | - | ($0.54) | $0.13 | ($0.13) | - | ($0.34) | ($0.16) | ($0.38) | - |
Balance Sheet
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $13.74M | $8.04M | $365.0K | $6.61M | $5.29M | $9.78M | $12.70M | $21.70M | $13.98M | $22.40M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $827.33M | $822.82M | $796.18M | $792.92M | $790.99M | $770.08M | $767.49M | $764.21M | $780.90M | $788.01M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $38.28M | $39.76M | $37.31M | $34.52M | $31.82M | $30.21M | $28.31M | $27.08M | $22.24M | $22.41M |
| Total Liabilities | $724.13M | $712.61M | $696.86M | $677.54M | $675.40M | $658.74M | $648.68M | $629.35M | $628.89M | $615.10M |
| Stockholders' Equity | $103.21M | $110.21M | $99.32M | $115.38M | $115.59M | $111.34M | $118.81M | $134.86M | $152.02M | $172.90M |
| Retained Earnings | $86.05M | $91.58M | $93.60M | $101.57M | $99.59M | $101.66M | $109.02M | $114.11M | $116.46M | $122.12M |
Cash Flow
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.45M) | - | - | - | ($5.35M) | - | - | - | ($5.56M) | - |
| Investing Cash Flow | $7.49M | - | - | - | $2.24M | - | - | - | ($824.0K) | - |
| Financing Cash Flow | ($348.0K) | - | - | - | ($1.36M) | - | - | - | ($2.03M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -13.7% | - | -22.0% | 6.1% | -4.2% | - | -14.3% | -5.0% | -15.4% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | -12.1% | - | -18.3% | 4.4% | -4.2% | - | -12.8% | -5.5% | -14.3% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | 27.8% | - | - | - | - | - | - |
| Return on assets | -0.7% | - | -1.0% | 0.2% | -0.2% | - | -0.7% | -0.3% | -0.7% | - |
| Return on equity | -5.4% | - | -8.0% | 1.7% | -1.6% | - | -4.3% | -1.7% | -3.7% | - |
| Return on invested capital | -3.5% | - | -5.5% | 1.3% | -1.0% | - | -3.0% | -1.0% | -2.8% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.37 | 0.36 | 0.38 | 0.30 | 0.28 | 0.27 | 0.24 | 0.20 | 0.15 | 0.13 |
| Debt / Assets | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -8.6x | - | - | - | -3.8x | - | - | - | -18.7x | - |
| Equity multiplier | 8.02 | 7.47 | 8.02 | 6.87 | 6.84 | 6.92 | 6.46 | 5.67 | 5.14 | 4.56 |
| Liabilities / Assets | 0.88 | 0.87 | 0.88 | 0.85 | 0.85 | 0.86 | 0.85 | 0.82 | 0.81 | 0.78 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | - | 0.05 | 0.06 | 0.06 | - | 0.05 | 0.06 | 0.05 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.0% | - | 10.0% | 4.7% | 12.9% | - | -5.3% | -2.8% | -6.5% | - |
| Revenue CAGR (3y) | 2.5% | - | 6.1% | 6.9% | 7.1% | - | 8.0% | 5.8% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -234.9% | - | -68.9% | - | 69.5% | - | 2.7% | -136.5% | 13.2% | - |
| Net income growth (YoY) | -193.8% | - | -56.8% | - | 66.8% | - | 9.0% | -102.0% | 6.7% | - |
| EPS growth (YoY) | -184.6% | - | -58.8% | - | 65.8% | - | 10.5% | -100.0% | 7.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -10.7% | -1.0% | -16.4% | -14.4% | -24.0% | -35.6% | -33.2% | -27.0% | -15.9% | -11.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Business segments
$177.56M totalInsurance Segment$112.11M · 63.1%
Agency Segment$65.86M · 37.1%
Corporate And Other($401.0K) · -0.2%
Peer comparison
Same SIC group: Life Insurance
Comparing Vericity against the 5 most active filers in the same SIC group.