Vericity, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 04:03 pm EST
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Vericity, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 41.94 million compared to USD 36.54 million a year ago. Net loss was USD 5.59 million compared to USD 3.26 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 0.22 a year ago. Diluted loss per share from continuing operations was USD 0.38 compared to USD 0.22 a year ago.
For the nine months, revenue was USD 128.14 million compared to USD 109.5 million a year ago. Net loss was USD 12.82 million compared to USD 18.61 million a year ago. Basic loss per share from continuing operations was USD 0.86 compared to USD 1.25 a year ago. Diluted loss per share from continuing operations was USD 0.86 compared to USD 1.25 a year ago.
Vericity, Inc., through its subsidiaries, Fidelity Life Association (Fidelity Life) and Efinancial, LLC (Efinancial), provides life insurance protection targeted to the middle American market. The Companyâs segments include Agency, Insurance, and Corporate and other. The Agency Segment operates through Efinancial. Efinancial sells insurance products through its call center distribution platform and through its independent agents and other marketing organizations. The Insurance Segment operates through Fidelity Life. Fidelity Life engages in the principal business lines of Core Life, Non-Core Life, Closed Block, annuities and assumed life. In its Core Life and Non-Core Life business lines, Fidelity Life offers primarily term life insurance products, and to a lesser extent accidental death and final expense products. Its RAPIDecisionLife product offers coverage at the point of issue that is a blend of all-cause term life insurance for part of the coverage and accidental death insurance.
VERICITY, INC. 