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Complete financial analysis of Globe Life Inc. (GL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Globe Life Inc., a leading company in the Insurance – Life industry within the Financial Services sector.
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Globe Life Inc. (GL)
About Globe Life Inc.
Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. It offers whole life, term life, and other life insurance products; Medicare supplement and supplemental health insurance, such as critical illness and accident plans; and single-premium and flexible-premium deferred annuities. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.45B | 5.21B | 5.11B | 4.74B | 4.53B | 4.30B | 4.16B | 3.93B | 3.77B | 3.96B | 3.77B | 3.59B | 3.38B | 3.37B | 3.22B | 3.33B | 3.49B | 3.42B | 3.13B | 3.07B | 2.93B | 2.74B | 2.71B | 2.52B | 2.23B | 2.16B | 2.28B | 2.21B | 2.07B | 1.92B | 2.18B | 2.05B | 1.93B | 1.80B | 1.63B | 1.66B | 1.59B | 1.56B | 1.37B |
| Cost of Revenue | 347.83M | 353.95M | 322.03M | 301.04M | 304.83M | 279.59M | 257.26M | 232.06M | 223.86M | 222.65M | 214.69M | 198.18M | 201.64M | 176.27M | 174.09M | 185.21M | 173.41M | 169.77M | 172.86M | 151.20M | 142.36M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 5.10B | 4.86B | 4.79B | 4.44B | 4.22B | 4.02B | 3.90B | 3.70B | 3.54B | 3.74B | 3.56B | 3.39B | 3.18B | 3.19B | 3.05B | 3.14B | 3.31B | 3.25B | 2.95B | 2.92B | 2.79B | 2.74B | 2.71B | 2.52B | 2.23B | 2.16B | 2.28B | 2.21B | 2.07B | 1.92B | 2.18B | 2.05B | 1.93B | 1.80B | 1.63B | 1.66B | 1.59B | 1.56B | 1.37B |
| Gross Profit Ratio | 93.61% | 93.21% | 93.70% | 93.65% | 93.27% | 93.50% | 93.81% | 94.10% | 94.06% | 94.38% | 94.31% | 94.48% | 94.03% | 94.77% | 94.60% | 94.43% | 95.03% | 95.04% | 94.47% | 95.08% | 95.14% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 331.90M | 334.99M | 301.90M | 286.84M | 304.83M | 280.00M | 257.00M | 232.00M | 214.86M | 212.16M | 204.54M | 187.01M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 9.40M | 10.00M | 9.80M | 9.50M | 29.29M | 9.30M | 9.30M | 9.70M | 8.00M | 6.00M | 16.00M | 124.13M | 125.33M | 131.13M | 145.98M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 331.90M | 334.99M | 301.90M | 286.84M | 304.83M | 280.00M | 257.00M | 232.00M | 214.86M | 212.16M | 204.54M | 187.01M | 124.13M | 125.33M | 131.13M | 145.98M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 5.12B | -4.20B | -4.50B | -4.13B | -3.90B | 3.08B | 2.99B | 2.86B | 2.71B | 2.55B | 2.45B | 2.56B | 2.45B | 2.42B | 2.34B | 2.36B | 2.62B | 2.57B | 2.33B | -2.15B | 0.00 | 10.22M | -2.10B | -1.91B | -1.77B | -1.70B | -1.69B | -1.64B | -1.69B | -1.45B | -1.66B | -1.58B | -1.51B | -1.41B | -1.27B | -1.35B | -1.25B | -1.31B | -1.12B |
| Operating Expenses | 5.45B | -3.86B | -4.20B | -3.84B | -3.60B | 3.35B | 3.24B | 3.08B | 2.92B | 2.76B | 2.66B | 2.74B | 2.58B | 2.54B | 2.47B | 2.51B | 2.62B | 2.57B | 2.33B | -2.15B | 2.36B | 10.22M | -2.10B | -1.91B | -1.77B | -1.70B | -1.69B | -1.64B | -1.69B | -1.45B | -1.66B | -1.58B | -1.51B | -1.41B | -1.27B | -1.35B | -1.25B | -1.31B | -1.12B |
| Cost & Expenses | 5.45B | 4.31B | 4.20B | 3.84B | 3.60B | 3.44B | 3.33B | 3.16B | 3.00B | 3.19B | 3.01B | 2.82B | 2.62B | 2.59B | 2.62B | 2.67B | 2.69B | 2.65B | 2.39B | 2.35B | 2.27B | 2.15B | 2.11B | 1.95B | 1.82B | 1.71B | 1.77B | 1.71B | 1.64B | 1.54B | 240.10M | 1.35B | 1.26B | 1.18B | 1.07B | 40.80M | 32.30M | 17.70M | 16.00M |
| Interest Income | 0.00 | 90.40M | 83.49M | 86.70M | 84.31M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 102.32M | 90.40M | 83.49M | 86.70M | 84.31M | 90.00M | 85.00M | 83.00M | 76.64M | 76.13M | 80.46M | 80.51M | 77.91M | 75.53M | 69.93M | 63.23M | 67.56M | 73.14M | 60.93M | 56.50M | 49.95M | 28.59M | 44.51M | 54.49M | 52.34M | 56.33M | 71.86M | 73.61M | 80.99M | 76.36M | 67.30M | 55.70M | 50.20M | 46.20M | 48.10M | 40.80M | 32.30M | 17.70M | 16.00M |
| Depreciation & Amortization | 0.00 | 21.00M | 20.00M | 17.00M | 16.00M | 13.00M | 10.50M | 9.80M | 337.34M | -863.14M | 315.12M | 317.18M | 314.78M | 326.57M | 0.00 | 0.00 | 391.01M | 377.49M | 349.96M | 4.80M | 4.81M | 302.73M | 5.82M | 6.86M | 8.84M | 7.93M | 9.33M | 9.06M | 9.60M | 25.30M | 35.60M | 33.50M | 25.60M | 16.60M | 14.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 0.00 | 1.02B | 0.00 | 0.00 | 966.75M | 925.68M | 865.38M | 850.83M | 0.00 | 849.99M | 846.51M | 808.49M | 860.10M | 651.61M | 729.49M | 868.67M | 851.91M | 797.26M | 782.10M | 714.01M | 390.93M | 612.81M | 614.22M | 469.46M | 463.04M | 81.23M | 574.66M | 391.37M | 101.70M | 102.90M | 89.20M | 75.80M | 62.80M | 62.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 19.11% | 17.82% | 18.90% | 20.54% | 22.16% | 21.93% | 22.01% | 22.67% | 21.56% | 22.36% | 23.58% | 24.67% | 25.21% | 20.95% | 21.78% | 36.00% | 35.78% | 36.55% | 25.23% | 24.22% | 33.30% | 22.64% | 24.41% | 21.08% | 21.46% | 26.17% | 26.05% | 18.93% | 25.74% | 25.42% | 24.21% | 23.16% | 22.62% | 23.21% | 18.89% | 21.38% | 15.98% | 18.08% |
| Operating Income | 1.32B | 996.71M | 911.17M | 895.36M | 929.87M | 953.70M | 1.46B | 539.59M | 516.29M | 854.59M | 528.47M | 529.32M | 518.34M | 522.29M | 675.13M | 724.49M | 864.37M | 846.71M | 792.46M | 770.20M | 430.14M | 383.44M | 606.99M | 607.36M | 460.62M | 455.10M | 588.10M | 565.61M | 381.77M | 469.62M | 518.30M | 462.00M | 422.10M | 389.80M | 364.60M | 314.40M | 340.10M | 248.60M | 247.30M |
| Operating Income Ratio | 24.18% | 19.11% | 17.82% | 18.90% | 20.54% | 22.16% | 35.09% | 13.72% | 13.71% | 21.56% | 14.01% | 14.75% | 15.35% | 15.51% | 20.95% | 21.78% | 24.79% | 24.75% | 25.35% | 25.08% | 14.68% | 14.00% | 22.42% | 24.14% | 20.68% | 21.09% | 25.77% | 25.64% | 18.47% | 24.43% | 23.79% | 22.57% | 21.84% | 21.70% | 22.32% | 18.89% | 21.38% | 15.98% | 18.08% |
| Total Other Income/Expenses | -122.72M | -110.26M | 167.43M | -101.24M | -102.95M | -3.39B | -627.62M | 232.65M | 249.89M | -88.43M | 234.65M | -83.46M | 237.33M | 256.27M | -78.63M | -174.98M | -68.50M | -79.03M | -75.88M | -62.50M | 222.96M | 200.89M | 601.43M | 562.96M | 402.41M | 446.99M | 207.81M | 495.13M | 428.18M | 205.74M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 1.19B | 906.31M | 912.39M | 896.68M | 931.28M | 864.00M | 831.00M | 772.00M | 766.19M | 778.47M | 763.13M | 765.99M | 755.67M | 778.57M | 605.19M | 661.26M | 796.81M | 773.57M | 731.52M | 720.80M | 658.94M | 584.32M | 601.43M | 562.96M | 402.41M | 446.99M | 509.39M | 495.13M | 428.18M | 386.92M | 1.20B | 1.05B | 989.40M | 895.00M | 813.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 21.92% | 17.38% | 17.84% | 18.93% | 20.57% | 20.07% | 20.00% | 19.62% | 20.34% | 19.64% | 20.23% | 21.34% | 22.37% | 23.12% | 18.78% | 19.88% | 22.85% | 22.61% | 23.40% | 23.47% | 22.48% | 21.34% | 22.22% | 22.38% | 18.07% | 20.71% | 22.32% | 22.45% | 20.71% | 20.13% | 55.27% | 51.53% | 51.18% | 49.82% | 49.82% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 223.51M | 166.61M | 167.43M | 164.91M | 170.40M | 162.00M | -628.00M | 233.00M | 249.89M | 235.53M | 234.65M | 236.67M | 237.33M | 256.27M | 200.24M | 209.00M | 269.27M | 254.94M | 236.13M | 245.10M | 225.01M | 197.04M | 205.97M | 190.84M | 134.32M | 154.34M | 178.49M | 180.62M | 157.54M | 124.32M | 153.10M | 140.80M | 125.40M | 114.40M | 105.20M | 93.50M | 107.30M | 25.90M | 66.20M |
| Net Income | 970.76M | 894.39M | 744.96M | 731.77M | 760.79M | 701.00M | 1.45B | 550.00M | 527.10M | 542.94M | 528.47M | 529.32M | 517.89M | 517.06M | 404.95M | 452.26M | 527.54M | 518.63M | 495.39M | 468.60M | 430.14M | 383.43M | 356.51M | 362.04M | 273.96M | 244.44M | 337.74M | 311.37M | 143.24M | 268.95M | 297.90M | 265.50M | 246.50M | 229.20M | 211.30M | 180.10M | 200.50M | 205.00M | 165.10M |
| Net Income Ratio | 17.82% | 17.15% | 14.57% | 15.45% | 16.80% | 16.29% | 34.99% | 13.98% | 14.00% | 13.69% | 14.01% | 14.75% | 15.33% | 15.35% | 12.57% | 13.59% | 15.13% | 15.16% | 15.85% | 15.26% | 14.68% | 14.00% | 13.17% | 14.39% | 12.30% | 11.33% | 14.80% | 14.12% | 6.93% | 13.99% | 13.67% | 12.97% | 12.75% | 12.76% | 12.93% | 10.82% | 12.61% | 13.18% | 12.07% |
| EPS | 10.21 | 7.55 | 7.30 | 6.90 | 6.97 | 6.22 | 12.50 | 4.58 | 4.21 | 4.15 | 3.84 | 3.65 | 3.19 | 2.83 | 2.17 | 2.28 | 2.49 | 2.31 | 2.10 | 1.89 | 1.67 | 1.42 | 1.28 | 1.26 | 0.95 | 0.81 | 1.08 | 0.97 | 0.44 | 0.08 | 0.90 | 0.81 | 0.72 | 0.66 | 0.60 | 0.46 | 0.44 | 0.42 | 0.35 |
| EPS Diluted | 10.07 | 7.47 | 7.22 | 6.82 | 6.83 | 6.08 | 12.22 | 4.49 | 4.16 | 4.09 | 3.79 | 3.60 | 3.14 | 2.80 | 2.17 | 2.27 | 2.45 | 2.28 | 2.08 | 1.86 | 1.66 | 1.41 | 1.27 | 1.25 | 0.94 | 0.80 | 1.08 | 0.97 | 0.44 | 0.08 | 0.90 | 0.81 | 0.72 | 0.66 | 0.60 | 0.46 | 0.44 | 0.42 | 0.35 |
| Weighted Avg Shares Out | 95.10M | 97.93M | 102.07M | 106.08M | 109.15M | 112.70M | 116.32M | 120.09M | 125.09M | 130.72M | 137.65M | 144.92M | 162.42M | 183.01M | 186.83M | 198.12M | 212.21M | 224.41M | 235.65M | 247.48M | 258.06M | 270.45M | 277.88M | 287.81M | 289.22M | 301.71M | 312.69M | 320.63M | 322.28M | 3.22B | 330.76M | 329.33M | 344.52M | 349.77M | 352.38M | 391.39M | 457.40M | 487.83M | 477.74M |
| Weighted Avg Shares Out (Dil) | 96.36M | 98.98M | 103.17M | 107.22M | 111.38M | 115.25M | 118.98M | 122.37M | 126.76M | 132.64M | 139.56M | 146.85M | 164.72M | 184.69M | 186.83M | 199.16M | 215.65M | 227.47M | 238.17M | 251.61M | 259.44M | 271.30M | 279.84M | 288.83M | 292.06M | 305.20M | 312.69M | 322.16M | 322.28M | 3.22B | 330.76M | 329.33M | 344.52M | 349.77M | 352.38M | 391.39M | 457.40M | 487.83M | 477.74M |
July 1, 2024 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against GL
NEW YORK, NY / ACCESSWIRE / June 30, 2024 / If you suffered a loss on your Globe Life Inc. f/k/a Torchmark Corporation (NYSE:GL) investment and want to learn about a potential recovery under the federal securities laws, follow the...
Investors With Losses In Globe Life Inc Are Invited By The Schall Law Firm To Commence Communication Prior To The Time Frame
LOS ANGELES, CA / ACCESSWIRE / June 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Globe Life Inc. ("Globe Life" or "the Company") (NYSE:GL)...
Globe Life Inc. f/k/a Torchmark Corporation Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - GL
NEW YORK, NY / ACCESSWIRE / June 30, 2024 / If you suffered a loss on your Globe Life Inc. f/k/a Torchmark Corporation (NYSE:GL) investment and want to learn about a potential recovery under the federal securities laws, follow the...
Globe Life Inc. f/k/a Torchmark Corporation Class Action: Levi & Korsinsky Reminds Globe Life Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 1, 2024 - GL
NEW YORK, NY / ACCESSWIRE / June 30, 2024 / If you suffered a loss on your Globe Life Inc. f/k/a Torchmark Corporation (NYSE:GL) investment and want to learn about a potential recovery under the federal securities laws, follow the...
FINAL GL DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Globe Life Inc. Investors to Join the Class Action Lawsuit
NEW YORK, NY / ACCESSWIRE / June 30, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Globe Life Inc. ("Globe Life" or "the Company") (NYSE:GL)...
Investors who lost money on Globe Life Inc. f/k/a Torchmark Corporation(GL) should contact Levi & Korsinsky about pending Class Action - GL
NEW YORK, NY / ACCESSWIRE / June 29, 2024 / If you suffered a loss on your Globe Life Inc. f/k/a Torchmark Corporation (NYSE:GL) investment and want to learn about a potential recovery under the federal securities laws, follow the...
Shareholders that lost money on Globe Life Inc. f/k/a Torchmark Corporation(GL) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
NEW YORK, NY / ACCESSWIRE / June 29, 2024 / If you suffered a loss on your Globe Life Inc. f/k/a Torchmark Corporation (NYSE:GL) investment and want to learn about a potential recovery under the federal securities laws, follow the...
Globe Life (GL) Embroiled in Fraud Allegations, DOJ Probe, and Investor Lawsuit - Hagens Berman
Contact Hagens Berman by July 1, 2024 Deadline to Join Class Action SAN FRANCISCO, CA / ACCESSWIRE / June 29, 2024 / Hagens Berman urges Globe Life Inc. (NYSE: GL) investors who suffered substantial losses to act now by submitting...
The Schall Law Firm Appeals To Investors With Losses In Globe Life Inc To Start Interaction Before The Deadline
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Globe Life Inc. ("Globe Life" or "the Company") (NYSE:GL) for violations of the securities laws. The investigation focuses on...
Globe Life Deadline: GL Investors Have Opportunity to Lead Globe Life Inc. f/k/a Torchmark Corporation Securities Fraud Lawsuit
NEW YORK , June 29, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Globe Life Inc. f/k/a Torchmark Corporation (NYSE: GL) between May 8, 2019 and April 10, 2024, both...
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