Q3 2025 Earnings

Financial Services Insurance - Life

Income Statement

Revenue

$16.9B-7.7% YoY

Gross Profit

$2.9B17.4% margin

Operating Income

$1.2B7.2% margin

Net Income

$896M5.3% margin

EPS (Diluted)

$1.22

QoQ Revenue Growth

-1.7%

Cash Flow

Operating Cash Flow

$3.6B

Free Cash Flow

$3.6B

Stock-Based Comp.

Balance Sheet

Total Assets

$719.7B

Total Liabilities

$690.5B

Stockholders' Equity

$28.9B

Cash & Equivalents

$20.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$16.9B	$18.3B	-7.7%
Gross Profit	$2.9B	$5.4B	-46.1%
Operating Income	$1.2B	$2.0B	-39.3%
Net Income	$896M	$1.3B	-33.2%

Revenue Segments

Prepaid legal plans and administrative-only contracts

$160M26%

Vision fee for service arrangements

$134M22%

Fee-based investment management services

$123M20%

Other revenue from service contracts from customers

$96M15%

Administrative Service

$72M12%

Distribution Service

$36M6%

Geographic Segments

Asia Segment

$3.1B52%

Latin America Segment

$2.1B35%

Europe, Middle East And Africa Segment

$794M13%