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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 | 0.00 | -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 | 3.78B | -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 | 49.94M | 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 |
GL STOCK ALERT: Long-term Globe Life Inc. Shareholders are Notified that BFA Law is Investigating the Company's Board of Directors – Contact BFA Law for Information
NEW YORK, NY / ACCESSWIRE / July 26, 2024 / Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Globe Life Inc. (NYSE:GL) and its directors and certain senior executives for breaches of their fiduciary duties...
Globe Life Inc. (GL) Q2 2024 Earnings Call Transcript
Globe Life Inc. (NYSE:GL ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Stephen Mota - Senior Director-Investor Relations Frank Svoboda - Co-Chief Executive Officer Matt Darden - Co-Chief Executive Officer Thomas Kalmbach - Chief...
GL STOCKHOLDER NOTICE: Long-term Globe Life Inc. (NYSE:GL) Shareholders are Alerted that BFA Law is Investigating the Company and are Notified to Contact the Firm
NEW YORK, NY / ACCESSWIRE / July 25, 2024 / Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Globe Life Inc. (NYSE:GL) and its directors and certain senior executives for breaches of their fiduciary duties...
Globe Life (GL) Q2 Earnings Beat on Solid Underwriting Income
Globe Life's (GL) second-quarter results reflect higher Life and Health underwriting income, growth in insurance premiums and improved net investment income, offset by higher expenses.
Here's What Key Metrics Tell Us About Globe Life (GL) Q2 Earnings
The headline numbers for Globe Life (GL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Globe Life (GL) Q2 Earnings Beat Estimates
Globe Life (GL) came out with quarterly earnings of $2.97 per share, beating the Zacks Consensus Estimate of $2.90 per share. This compares to earnings of $2.61 per share a year ago.
GLOBE LIFE INC. REPORTS SECOND QUARTER 2024 RESULTS
MCKINNEY, Texas , July 24, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) reported today that for the quarter ended June 30, 2024, net income was $2.83 per diluted common share, compared with $2.24 per diluted common share for the...
Long-term Globe Life Inc. Shareholders are Notified that an Investigation has been Initiated Against the Company's Board of Directors; Contact BFA Law for Information
NEW YORK, NY / ACCESSWIRE / July 24, 2024 / Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Globe Life Inc. (NYSE:GL) and its directors and certain senior executives for breaches of their fiduciary duties...
Globe Life Inc. (NYSE:GL) Long-term Shareholders are Encouraged to Contact BFA Law about Investigation into the Company
NEW YORK, NY / ACCESSWIRE / July 23, 2024 / Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Globe Life Inc. (NYSE:GL) and its directors and certain senior executives for breaches of their fiduciary duties...
GL STOCK ALERT: Long-term Globe Life Inc. Shareholders are Notified that an Investigation has been Initiated Against GL; Contact BFA Law for Information
NEW YORK, NY / ACCESSWIRE / July 22, 2024 / Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Globe Life Inc. (NYSE:GL) and its directors and certain senior executives for breaches of their fiduciary duties...
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