GLOBE LIFE INC. GL

Financials SIC 6311 - Life Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Life, Health, and Medical Insurance Carriers › Direct Life Insurance Carriers derived NYSE

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.

Last close 154.79 2026-10-23
Market cap $11.90B 2026-06-30 share count
52-week range 127.84 - 191.55

Valuation FY2025 figures against the last close

P/S2.0x
P/E11.0x
P/FCF9.5x
EV/EBITDA—
Dividend yield0.7%
Diluted EPS14.07

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Life
  • Health
  • Investment
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Life, FY2025: 3.4B (55.9%) 56% Life Health, FY2025: 1.5B (25.4%) 25% Health Investment, FY2025: 1.1B (18.8%) 19% Investment FY2024 Life, FY2024: 3.3B (56.2%) 56% Health, FY2024: 1.4B (24.2%) 24% Investment, FY2024: 1.1B (19.6%) 20% FY2023 Life, FY2023: 3.1B (56.9%) 57% Health, FY2023: 1.3B (23.9%) 24% Investment, FY2023: 1.1B (19.2%) 19%
Segment FY2025FY2024FY2023
Life $3.36B $3.26B $3.14B
Health $1.53B $1.40B $1.32B
Investment $1.13B $1.14B $1.06B

As the company reported it, from the “Business Segments - Schedule of Reconciliation of Segment Operating Information to Consolidated Statement of Operations (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 14.2711.9910.219.1310.106.906.976.2212.504.58
EPS, diluted 14.0711.9410.079.049.996.826.836.0912.224.49
Shares, diluted (wtd. avg.) 82.5M89.7M96.4M99.0M103.2M107.2M111.4M115.2M119.0M122.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 3.9B Gross profit, FY2016: 782.9M Net income, FY2016: 549.8M Revenue, FY2017: 4.2B Gross profit, FY2017: 807M Net income, FY2017: 1.5B Revenue, FY2018: 4.3B Gross profit, FY2018: 865.5M Net income, FY2018: 701.5M Revenue, FY2019: 4.5B Gross profit, FY2019: 910.7M Net income, FY2019: 760.8M Revenue, FY2020: 4.7B Gross profit, FY2020: 901.1M Net income, FY2020: 731.8M Revenue, FY2021: 5.1B Gross profit, FY2021: 1.2B Net income, FY2021: 1B Revenue, FY2022: 5.2B Gross profit, FY2022: 1.2B Net income, FY2022: 894.4M Revenue, FY2023: 5.4B Gross profit, FY2023: 1.3B Net income, FY2023: 970.8M Revenue, FY2024: 5.8B Net income, FY2024: 1.1B Revenue, FY2025: 6B Net income, FY2025: 1.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.93B $4.16B $4.30B $4.53B $4.74B $5.11B $5.23B $5.45B $5.78B $5.99B
Gross profit $782.9M $807.0M $865.5M $910.7M $901.1M $1.22B $1.18B $1.26B — —
Net income $549.8M $1.45B $701.5M $760.8M $731.8M $1.03B $894.4M $970.8M $1.07B $1.16B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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