Federal Life Group Inc
Federal Life Group, Inc. provides life insurance products and services in the United States. It offers accident and health coverage, including accident injuries and treatments, critical illness and cancer, accidental death and dismemberment, hospital care, and ICU admission/confinement, short term disability, term life insurance; and medical supplement insurance, as well as fixed and indexed annu… Read more
Federal Life Group Inc (FLFG) - Net Assets
Latest net assets as of June 2019: $-232.47 Million USD
Based on the latest financial reports, Federal Life Group Inc (FLFG) has net assets worth $-232.47 Million USD as of June 2019.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($292.30K) and total liabilities ($232.76 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-232.47 Million |
| % of Total Assets | -79530.72% |
| Annual Growth Rate | 5.9% |
| 5-Year Change | 39.6% |
| 10-Year Change | N/A |
| Growth Volatility | 325.48 |
Federal Life Group Inc - Net Assets Trend (2016–2021)
This chart illustrates how Federal Life Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Federal Life Group Inc (2016–2021)
The table below shows the annual net assets of Federal Life Group Inc from 2016 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $43.77 Million | -27.13% |
| 2020-12-31 | $60.07 Million | +3.19% |
| 2019-12-31 | $58.22 Million | -78.99% |
| 2018-12-31 | $277.09 Million | +783.65% |
| 2017-12-31 | $31.36 Million | -4.58% |
| 2016-12-31 | $32.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Federal Life Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 89.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.16 Million | 7.21% |
| Common Stock | $36.00K | 0.08% |
| Other Comprehensive Income | $5.72 Million | 13.07% |
| Other Components | $34.86 Million | 79.64% |
| Total Equity | $43.77 Million | 100.00% |
Federal Life Group Inc Competitors by Market Cap
The table below lists competitors of Federal Life Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Revenue Group Bhd
KLSE:0200
|
$5.81 Million |
|
Hitek Global Inc. Ordinary Share
NASDAQ:HKIT
|
$5.81 Million |
|
Record Resources Inc.
V:REC
|
$5.81 Million |
|
DV Biomed Co. Ltd.
TWO:6539
|
$5.81 Million |
|
Narmada Agrobase Limited
NSE:NARMADA
|
$5.80 Million |
|
OBIZ S.A. EO -05
F:2GD
|
$5.80 Million |
|
Vitura Health Ltd
AU:VIT
|
$5.80 Million |
|
SaveLend Group AB
ST:YIELD
|
$5.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Federal Life Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 60,072,000 to 43,774,000, a change of -16,298,000 (-27.1%).
- Net loss of 8,812,000 reduced equity.
- Dividend payments of 1,997,000 reduced retained earnings.
- Other comprehensive income decreased equity by 6,008,000.
- Other factors increased equity by 519,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.81 Million | -20.13% |
| Dividends Paid | $2.00 Million | -4.56% |
| Other Comprehensive Income | $-6.01 Million | -13.73% |
| Other Changes | $519.00K | +1.19% |
| Total Change | $- | -27.13% |
Book Value vs Market Value Analysis
This analysis compares Federal Life Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.75x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.94x to 0.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $9.57 | $8.95 | x |
| 2017-12-31 | $8.86 | $8.95 | x |
| 2018-12-31 | $13.62 | $8.95 | x |
| 2019-12-31 | $16.33 | $8.95 | x |
| 2020-12-31 | $16.55 | $8.95 | x |
| 2021-12-31 | $12.00 | $8.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Federal Life Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -20.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -45.34%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 6.83x
- Recent ROE (-20.13%) is below the historical average (-9.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -6.08% | -7.92% | 0.10x | 7.42x | $-5.28 Million |
| 2017 | -6.08% | -8.29% | 0.09x | 8.20x | $-5.04 Million |
| 2018 | -9.12% | -23.18% | 0.07x | 5.29x | $-10.12 Million |
| 2019 | -7.45% | -23.68% | 0.06x | 5.04x | $-10.16 Million |
| 2020 | -7.71% | -25.45% | 0.06x | 5.11x | $-10.64 Million |
| 2021 | -20.13% | -45.34% | 0.07x | 6.83x | $-13.19 Million |
Industry Comparison
This section compares Federal Life Group Inc's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $52,810,304,913
- Average return on equity (ROE) among peers: 25.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Federal Life Group Inc (FLFG) | $-232.47 Million | -6.08% | N/A | $5.80 Million |
| AIA Group Ltd (AAIGF) | $181.58 Billion | 2.29% | 0.02x | $75.83 Billion |
| Atlantic American Corporation (AAME) | $31.80 Million | 29.56% | 5.46x | $10.89 Million |
| Abacus Life Inc. (ABL) | $766.89K | 130.06% | 1.40x | $276.35 Million |
| Abacus Global Management, Inc. (ABX) | $1.30 Million | 50.90% | 0.12x | $92.43K |
| Aflac Incorporated (AFL) | $1.75 Billion | 16.71% | 10.58x | $56.35 Billion |
| Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) | $1.88 Billion | 37.14% | 26.33x | $90.55 Million |
| Brighthouse Financial Inc (BHF) | $14.86 Billion | -19.78% | 13.93x | $3.36 Billion |
| Challenger Limited (CFIGF) | $3.25 Billion | -12.80% | 7.79x | $1.66 Billion |
| Citizens Inc (CIA) | $28.30 Million | 19.53% | 3.74x | $217.00 Million |
| China Life Insurance Co Ltd (CILJF) | $324.71 Billion | 0.30% | 0.01x | $16.34 Billion |