Vericity, Inc. (the Company) is a Delaware corporation organized to be the stock holding company for Members Mutual and its subsidiaries. On August 7, 2019, the Company completed the initial public offering of 14,875,000 shares of its common stock at a price of $10.00 per share (the IPO). The IPO was conducted in connection with the conversion of Members Mutual from mutual to stock form and the acquisition by the Company of all of the capital stock of Members Mutual following its conversion to stock form after its plan of conversion and amended and restated articles of incorporation were approved at a special meeting of eligible members on August 6, 2019 (the Conversion). As a result of the Conversion, the Company became the holding company for converted Members Mutual and its indirect subsidiaries, including Fidelity Life Association (Fidelity Life) and Efinancial, LLC (Efinancial).
Company profile
Ticker
VERY
Exchange
Website
CEO
James E. Hohmann
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
462348863
VERY stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
1 Apr 24
DEFM14C
Information related to merger
15 Nov 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
PREM14C
Preliminary information related to merger
1 Nov 23
8-K
Vericity Stockholders to Receive $11.43 per Share in Cash
3 Oct 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
7 Aug 23
DEFA14A
Additional proxy soliciting materials
20 Jun 23
DEF 14A
Definitive proxy
20 Jun 23
10-Q
2023 Q1
Quarterly report
15 May 23
Latest ownership filings
5
Calvin Dong
3 Mar 21
SC 13D
Vericity, Inc.
12 Aug 19
4/A
Laura R Zimmerman
9 Aug 19
3
J. Christopher Flowers
9 Aug 19
4
Richard A Hemmings
7 Aug 19
4
John E Buchanan
7 Aug 19
4
James C Harkensee
7 Aug 19
4
Change in insider ownership
7 Aug 19
4
James E Hohmann
7 Aug 19
4
Laura R Zimmerman
7 Aug 19
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 7.63 mm | 7.63 mm | 7.63 mm | 7.63 mm | 7.63 mm | 7.63 mm |
Cash burn (monthly) | (no burn) | 423.17 k | 3.20 mm | 1.45 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | 2.93 mm | 22.09 mm | 10.02 mm | n/a | n/a |
Cash remaining | n/a | 4.70 mm | -14.47 mm | -2.39 mm | n/a | n/a |
Runway (months of cash) | n/a | 11.1 | -4.5 | -1.7 | n/a | n/a |
Institutional ownership, Q2 2023
1.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 9 |
Opened positions | 1 |
Closed positions | 4 |
Increased positions | 3 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 1.33 bn |
Total shares | 219.31 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
RBF Capital | 73.07 k | $440.62 mm |
Inspirion Wealth Advisors | 54.00 k | $325.64 mm |
Vanguard | 28.96 k | $174.65 mm |
Geode Capital Management | 25.01 k | $154.78 mm |
TRUE Private Wealth Advisors | 16.55 k | $99.78 mm |
Stockman Wealth Management | 11.20 k | $67.51 mm |
BLK Blackrock | 5.22 k | $31.47 mm |
Tower Research Capital | 5.13 k | $30.94 mm |
RY Royal Bank Of Canada | 174.00 | $1.00 mm |
Proequities | 0.00 | $0.00 |