Loading...

We've got a brand new version of Simply Wall St! Try it out

Vericity

Nasdaq:VERY
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VERY
Nasdaq
$301M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Vericity, Inc., through its subsidiaries, provides life insurance protection products for the middle American market. The last earnings update was 92 days ago. More info.


Add to Portfolio Compare Print
VERY Share Price and Events
7 Day Returns
11.4%
NasdaqCM:VERY
1.4%
US Insurance
0.5%
US Market
1 Year Returns
-
NasdaqCM:VERY
14.7%
US Insurance
12.8%
US Market
VERY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vericity (VERY) 11.4% 53% 68.5% - - -
US Insurance 1.4% 1.7% 4.2% 14.7% 27.5% 46.7%
US Market 0.5% 4.3% 8% 12.8% 38.7% 44.5%
1 Year Return vs Industry and Market
  • No trading data on VERY.
  • No trading data on VERY.
Price Volatility
Industry
5yr Volatility vs Market

VERY Value

 Is Vericity undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Vericity. This is due to cash flow or dividend data being unavailable. The share price is $20.225.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Vericity's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vericity's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:VERY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-1.09
NasdaqCM:VERY Share Price ** NasdaqCM (2019-11-13) in USD $20.23
United States of America Insurance Industry PE Ratio Median Figure of 89 Publicly-Listed Insurance Companies 16.78x
United States of America Market PE Ratio Median Figure of 2,922 Publicly-Listed Companies 18.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Vericity.

NasdaqCM:VERY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:VERY Share Price ÷ EPS (both in USD)

= 20.23 ÷ -1.09

-18.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vericity is loss making, we can't compare its value to the US Insurance industry average.
  • Vericity is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Vericity's expected growth come at a high price?
Raw Data
NasdaqCM:VERY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -18.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Insurance Industry PEG Ratio Median Figure of 62 Publicly-Listed Insurance Companies 0.9x
United States of America Market PEG Ratio Median Figure of 2,023 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Vericity, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vericity's assets?
Raw Data
NasdaqCM:VERY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $12.18
NasdaqCM:VERY Share Price * NasdaqCM (2019-11-13) in USD $20.23
United States of America Insurance Industry PB Ratio Median Figure of 116 Publicly-Listed Insurance Companies 1.17x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
NasdaqCM:VERY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:VERY Share Price ÷ Book Value per Share (both in USD)

= 20.23 ÷ 12.18

1.66x

* Primary Listing of Vericity.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vericity is overvalued based on assets compared to the US Insurance industry average.
X
Value checks
We assess Vericity's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Vericity has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

VERY Future Performance

 How is Vericity expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Vericity has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.7%
Expected Insurance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vericity expected to grow at an attractive rate?
  • Unable to compare Vericity's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Vericity's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Vericity's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:VERY Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:VERY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:VERY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 131 4 -16
2019-03-31 127 -5 -17
2018-12-31 124 4 -14
2018-09-30 123 1 -12
2017-12-31 116 9 -8
2016-12-31 113 -14 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Vericity is high growth as no earnings estimate data is available.
  • Unable to determine if Vericity is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:VERY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Vericity Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:VERY Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -1.09
2019-03-31
2018-12-31
2018-09-30
2017-12-31
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Vericity will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Vericity's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Vericity's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Insurance companies here
  3. Vericity's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Vericity's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Vericity has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

VERY Past Performance

  How has Vericity performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vericity's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Vericity does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Vericity's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Vericity's 1-year growth to the US Insurance industry average as it is not currently profitable.
Earnings and Revenue History
Vericity's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vericity Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:VERY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 131.38 -16.28 70.59
2019-03-31 127.35 -16.82 70.37
2018-12-31 123.98 -13.85 68.35
2018-09-30 123.45 -11.65 67.25
2017-12-31 115.87 -8.24 55.91
2016-12-31 113.00 -15.34 58.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Vericity has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Vericity has efficiently used its assets last year compared to the US Insurance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Vericity improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Vericity's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Vericity has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

VERY Health

 How is Vericity's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Vericity's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vericity is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vericity's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Vericity's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 9.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Vericity Company Filings, last reported 4 months ago.

NasdaqCM:VERY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 181.23 17.18 19.94
2019-03-31 179.22 15.03 19.00
2018-12-31 172.19 13.37 25.81
2018-09-30 177.96 10.89 15.39
2017-12-31 196.20 0.00 17.36
2016-12-31 202.98 0.00 25.33
  • Vericity's level of debt (9.5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Vericity's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Vericity has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Vericity has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -67.7% per year.
X
Financial health checks
We assess Vericity's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vericity has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

VERY Dividends

 What is Vericity's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Vericity dividends.
If you bought $2,000 of Vericity shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Vericity's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vericity's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:VERY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1948 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Vericity has not reported any payouts.
  • Unable to verify if Vericity's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vericity's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vericity has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Vericity's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Vericity afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vericity has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

VERY Management

 What is the CEO of Vericity's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Hohmann
COMPENSATION $1,553,947
AGE 63
TENURE AS CEO 5.2 years
CEO Bio

Mr. James Edward Hohmann, also known as Jim, serves as the Chief Executive Officer and President of Members Mutual Holding Company. Mr. Hohmann has been President, Chief Executive Officer and Director of Vericity Inc since September 2014. He serves as the Chief Executive Officer of EquiTrust Investment Management Services, Inc. He is the Chief Executive Officer Efinancial and Fidelity Life Association. Mr. Hohmann served as the Chief Executive Officer at FBL Financial Group Inc. from January 4, 2010 to June 30, 2012 and serves as its President. He serves as Chief Executive and President of Allstate Financial at The Allstate Corporation since January 1, 2007. He served as Senior Vice President of Zurich American Life Insurance Co. since December 1995. He served as a Senior Vice President of AIC since 2007. He served as Interim Chief Executive Officer of FBL Financial Group Inc. since April 29, 2009 until January 2010, President from September 07, 2006 to December 20, 2006, Chief Operating Officer since September 07, 2006 and Chief Administrative Officer and Executive Vice President since December 2004. Mr. Hohmann joined FBL in 2009, with over extensive experience in financial services. He served as the Chairman and Chief Executive Officer at Lincoln Benefit Life Company. Mr. Hohmann also served as President and Chief Executive at Life Insurance & Annuities Unit of Allstate Financial LLC from January 1, 2007 to January 5, 2009. He served as a Senior Vice President at Allstate Insurance Company. Mr. Hohmann served as the Chairman of the Board, Chief Executive Officer and President of Allstate Life Insurance Company of New York. He served as the Chief Administrative Officer and Executive Vice President of CNO Financial Group, Inc. (formerly Conseco Inc) since December 2004 and served as its President and Chief Operating Officer from September 7, 2006 to December 20, 2006. Mr. Hohmann served as Interim Chief Executive Officer of CNO Financial Group, Inc., since May 23, 2006 and also served as its Interim President. As Chief Administrative Officer, he was responsible for legal, actuarial, new product development, strategic planning and business development functions of CNO Financial Group, Inc. Mr. Hohmann also served at Kemper Zurich Life and KPMG Peat Marwick, working in their Chicago offices. He joined CNO Financial Group from XL Life and Annuity, where he served as President and Chief Executive Officer. At XL, Mr. Hohmann was responsible for the creation of XL Capital's U.S. based life insurance platform and related businesses and formed XL Life and Annuity Holding. Prior to XL, he served as Chief Actuary and President of Financial Institutions Business for Zurich Kemper Life. Mr. Hohmann served as Senior Vice President of FLA since January 1996 and Chief Actuary from January 1996 to January 1999. He served as Senior Vice President of ZLICA and ZD since March 1996 and Chief Actuary from March 1996 to January 1999. Mr. Hohmann served as Managing Principal (Partner) of Tillinghast-Towers Perrin from January 1991 to December 1995. He served as a Senior Vice President at FKLA and Kemper Investors Life Insurance Co. since December 1995 and as its Chief Actuary from December 1995 to January 1999. He is the Chairman of MIB Group, Inc. since May 17, 2019 and was the Vice Chairman since May 18, 2018 until May 17, 2019. He has been a Director of MIB Group, Inc. since May 2017. He serves as a Director of Fidelity Life Association. Mr. Hohmann serves on board of OMNI Youth Services in Chicago. He serves as a Director of EquiTrust Investment Management Services, Inc., and Bankers Trust Company. He served as a Director of FBL Financial Group Inc. from February 17, 2010 to June 30, 2012. He served as a Director of American Council of Life Insurers and Lincoln Benefit Life Company, Inc. He served as a Director of Kemper Investors Life Insurance Co. and FKLA since May 1998 and ZD from March 1996 to March 1997. Mr. Hohmann served as a Director of FLA since June 1997. He served as a Director of Zurich American Life Insurance Co. since May 1998. He served as a Director of Allstate Life Insurance Co. and Allstate Life Insurance Company of New York. Mr. Hohmann is a Fellow of the Society of Actuaries and is a Member of the American Academy of Actuaries. He holds an M.B.A. from the University of Chicago and a Bachelor's degree in Mathematics from Northwestern University.

CEO Compensation
  • Jim's compensation has increased whilst company is loss making.
  • Jim's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Vericity management team in years:

4.5
Average Tenure
54.5
Average Age
  • The tenure for the Vericity management team is about average.
Management Team

Jim Hohmann

TITLE
President
COMPENSATION
$2M
AGE
63
TENURE
5.2 yrs

Jim Harkensee

TITLE
Executive Vice President
COMPENSATION
$774K
AGE
60

Chris Campbell

TITLE
Executive Vice President
COMPENSATION
$704K
AGE
49

Chris Kim

TITLE
Executive VP
AGE
47
TENURE
5.3 yrs

John Buchanan

TITLE
Executive VP
AGE
48
TENURE
3.8 yrs

Laura Zimmerman

TITLE
Executive VP & Chief Marketing Officer
AGE
60
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Vericity board of directors in years:

0.3
Average Tenure
65
Average Age
  • The average tenure for the Vericity board of directors is less than 3 years, this suggests a new board.
Board of Directors

Eric Rahe

TITLE
Chairman of the Board
AGE
50
TENURE
0.3 yrs

Jim Hohmann

TITLE
President
COMPENSATION
$2M
AGE
63
TENURE
5.2 yrs

Calvin Dong

TITLE
Independent Director
AGE
31
TENURE
0.3 yrs

Scott Perry

TITLE
Independent Director
AGE
57
TENURE
0.3 yrs

Neil Ashe

TITLE
Independent Director
AGE
51
TENURE
0.3 yrs

Richard Hemmings

TITLE
Director
COMPENSATION
$144K
AGE
72
TENURE
6.8 yrs

Jim Schacht

TITLE
Independent Director
COMPENSATION
$133K
AGE
77
TENURE
6.8 yrs

Linda Bynoe

TITLE
Member of Advisory Board
COMPENSATION
$143K
AGE
67
TENURE
0.3 yrs

John Fibiger

TITLE
Member of Advisory Board
COMPENSATION
$131K
AGE
86
TENURE
0.3 yrs

Steven Groot

TITLE
Member of Advisory Board
COMPENSATION
$131K
AGE
69
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. Aug 19 Buy Laura Zimmerman Individual 07. Aug 19 07. Aug 19 120,104 $10.00 $1,201,040
07. Aug 19 Buy Richard Hemmings Individual 07. Aug 19 07. Aug 19 193,500 $10.00 $1,935,000
07. Aug 19 Buy John Buchanan Individual 07. Aug 19 07. Aug 19 70,703 $10.00 $707,030
07. Aug 19 Buy James Harkensee Individual 07. Aug 19 07. Aug 19 327,782 $10.00 $3,277,820
07. Aug 19 Buy James Hohmann Individual 07. Aug 19 07. Aug 19 625,532 $10.00 $6,255,320
07. Aug 19 Buy Christopher Campbell Individual 07. Aug 19 07. Aug 19 102,521 $10.00 $1,025,210
07. Aug 19 Buy Chris Kim Individual 07. Aug 19 07. Aug 19 215,222 $10.00 $2,152,220
07. Aug 19 Buy James Schacht Individual 07. Aug 19 07. Aug 19 5,124 $10.00 $51,240
X
Management checks
We assess Vericity's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vericity has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

VERY News

Simply Wall St News

VERY Company Info

Description

Vericity, Inc., through its subsidiaries, provides life insurance protection products for the middle American market. The company operates through Insurance and Agency segments. The Insurance segment provides term life, accidental death, and final expense products. This segment distributes its life insurance products through independent producers, including direct distributors that market to consumers through call centers and regional and national independent producer groups. The Agency segment sells life insurance products for unaffiliated insurance companies through its call center distribution platform, as well as through its independent agents and other marketing organizations. It is also involved in the insurance lead sale activities through its eCoverage Web presence. The company is based in Chicago, Illinois.

Details
Name: Vericity, Inc.
VERY
Exchange: NasdaqCM
Founded:
$300,846,875
14,875,000
Website: http://www.vericity.com
Address: Vericity, Inc.
8700 West Bryn Mawr Avenue,
Suite 900S,
Chicago,
Illinois, 60631,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM VERY Common Stock Nasdaq Capital Market US USD 08. Aug 2019
BST 2TE Common Stock Boerse-Stuttgart DE EUR 08. Aug 2019
Number of employees
Current staff
Staff numbers
401
Vericity employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 00:33
End of day share price update: 2019/11/13 00:00
Last earnings filing: 2019/08/14
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.