GLOBE LIFE INC. GL
Globe Life and the Company refer to Globe Life Inc., an insurance holding company incorporated in Delaware in 1979, and its subsidiaries and affiliates. Its primary subsidiaries are Globe Life And Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, Family Heritage Life Insurance Company of America, and United American Insurance Company.
Globe Life's website is: www.globelifeinsurance.com. Globe Life makes available free of charge through its website, its annual report on Form 10-K, its quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports as soon as reasonably practicable after they have been electronically filed with or furnished to the Securities and Exchange Commission. Other information included in Globe Life's website is not incorporated into this filing.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.99B | $5.78B | $5.45B | $5.23B | $5.11B | $4.74B | $4.53B | $4.30B | $4.16B | $3.93B |
| Gross profit | — | — | $1.26B | $1.18B | $1.22B | $901.1M | $910.7M | $865.5M | $807.0M | $782.9M |
| SG&A | — | — | $302.1M | $307.5M | $282.0M | $254.9M | $249.1M | $227.5M | $210.6M | $197.2M |
| Operating income | — | — | $1.27B | $1.19B | $1.23B | $905.4M | $920.1M | $870.6M | $821.2M | $787.3M |
| Interest expense | $141.2M | $127.1M | $102.3M | $90.4M | $83.5M | $86.7M | $84.3M | $90.1M | $84.5M | $83.3M |
| Pre-tax income | $1.44B | $1.33B | $1.19B | $1.10B | $1.27B | $896.7M | $931.3M | $863.7M | $830.6M | $772.2M |
| Income tax | $274.7M | $255.9M | $223.5M | $207.7M | $243.5M | $164.9M | $170.4M | $162.2M | $627.6M | $232.6M |
| Net income | $1.16B | $1.07B | $970.8M | $894.4M | $1.03B | $731.8M | $760.8M | $701.5M | $1.45B | $549.8M |
| EPS, basic | 14.27 | 11.99 | 10.21 | 9.13 | 10.10 | 6.90 | 6.97 | 6.22 | 12.50 | 4.58 |
| EPS, diluted | 14.07 | 11.94 | 10.07 | 9.04 | 9.99 | 6.82 | 6.83 | 6.09 | 12.22 | 4.49 |
| Shares, diluted (wtd. avg.) | $82.5M | $89.7M | $96.4M | $99.0M | $103.2M | $107.2M | $111.4M | $115.2M | $119.0M | $122.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $144.7M | $165.3M | $103.2M | $92.6M | $92.2M | $94.8M | $75.9M | $121.0M | $118.6M | $76.2M |
| Short-term investments | $314.7M | $85.0M | $81.7M | $114.1M | $69.1M | $107.8M | $38.3M | $63.3M | $127.1M | $72.0M |
| Property, plant and equipment | $369.5M | $284.3M | $239.9M | $211.7M | — | — | — | — | — | — |
| Goodwill | $490.4M | $490.4M | $481.8M | $481.8M | $481.8M | $441.6M | $441.6M | $441.6M | $441.6M | $441.6M |
| Total assets | $30.81B | $29.08B | $28.05B | $26.42B | $28.22B | $29.05B | $25.98B | $23.10B | $23.47B | $21.44B |
| Short-term debt | $304.7M | $415.4M | $486.1M | $165.5M | $149.8M | $0 | $9.4M | $6.9M | $4.4M | $1.9M |
| Long-term debt | $2.32B | $2.32B | $1.63B | $1.63B | $1.55B | $1.67B | $1.35B | $1.36B | $1.13B | $1.13B |
| Total liabilities | $24.84B | $23.77B | $23.56B | $23.20B | $25.67B | $20.28B | $18.68B | $17.68B | $17.24B | $16.87B |
| Retained earnings | $8.55B | $8.00B | $7.48B | $6.89B | $6.18B | $5.87B | $5.55B | $5.21B | $4.81B | $3.89B |
| Total equity | $5.97B | $5.31B | $4.49B | $3.95B | $2.00B | $8.77B | $7.29B | $5.42B | $6.23B | $4.57B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.40B | $1.40B | $1.48B | $1.42B | $1.44B | $1.48B | $1.36B | $1.28B | $1.43B | $1.40B |
| Depreciation and amortisation | $30.0M | $27.0M | $21.0M | $21.0M | $20.0M | $17.0M | $16.0M | $13.0M | $11.0M | $10.0M |
| Stock-based compensation | $53.4M | $40.1M | $30.7M | $35.6M | $30.3M | $35.9M | $44.8M | $39.8M | $37.0M | $26.3M |
| Capital expenditure | $142.5M | $71.0M | $49.6M | $27.9M | $38.2M | $41.8M | $42.2M | $45.1M | $20.3M | $25.2M |
| Investing cash flow | -$643.6M | -$641.5M | -$926.1M | -$943.0M | -$913.4M | -$1.18B | -$809.3M | -$896.2M | -$926.8M | -$1.06B |
| Financing cash flow | -$768.1M | -$715.8M | -$541.5M | -$492.5M | -$523.6M | -$274.1M | -$590.5M | -$391.5M | -$454.0M | -$319.8M |
| Dividends paid | $86.1M | $85.5M | $84.1M | $80.5M | $80.0M | $78.2M | $74.2M | $71.4M | $68.8M | $66.9M |
| Buybacks | $881.0M | $1.00B | $511.1M | $454.6M | $541.4M | $443.9M | $459.6M | $421.7M | $413.0M | $404.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000320335-26-000090.
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