Q2 2025 Earnings

Financial Services Insurance - Life

Income Statement

Revenue

$17.2B-1.8% YoY

Gross Profit

$4.5B26.4% margin

Operating Income

$980M5.7% margin

Net Income

$729M4.2% margin

EPS (Diluted)

$1.03

QoQ Revenue Growth

-6.0%

Cash Flow

Operating Cash Flow

$2.2B

Free Cash Flow

$2.2B

Stock-Based Comp.

Balance Sheet

Total Assets

$702.5B

Total Liabilities

$674.5B

Stockholders' Equity

$27.7B

Cash & Equivalents

$22.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$17.2B	$17.5B	-1.8%
Gross Profit	$4.5B	$4.4B	+3.5%
Operating Income	$980M	$1.2B	-18.5%
Net Income	$729M	$946M	-22.9%

Revenue Segments

Prepaid legal plans and administrative-only contracts

$158M26%

Vision fee for service arrangements

$133M22%

Fee-based investment management services

$119M20%

Other revenue from service contracts from customers

$87M14%

Administrative Service

$73M12%

Distribution Service

$34M6%

Geographic Segments

Asia Segment

$2.9B50%

Latin America Segment

$2.1B36%

Europe, Middle East And Africa Segment

$780M14%