Globe Life Inc.

Life Insurance

GLMixed10 of 11 basics passed

$164.17

-1.15%

Market cap $12.6B

$164.17

-1.15%

Market cap $12.6B

Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers.

It is a $12.6B financial services company. Revenue grew 5.2% over the last year, and it keeps 20¢ of every dollar of sales as profit. It trades at 10.4× earnings — in the cheapest third of its own history.

Website: globelifeinsurance.com
Location: Mckinney, TX
Employees: 3 695
Sector: Financial Services

Share price · 3 years

$112.88 → $164.17+45.4%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $6.19B
Profit: keeps 20¢ of every $1 sold; $1.21B
Free cash flow: cash left after running the business; $1.23B
Net debt: debt minus cash on hand; $2.31B
P/E: years of profit in the price; 10.4
EPS: earnings per share, TTM; $14.61
Dividend: pays out 7% of profit · 7% of FCF; 0.72%
Shares: down 23% since 2020 — buybacks; 82.9M
Volatility: beta vs the market — under 1 swings less; 0.45

Revenue, last 10 years

52-week range

Low $130.37$164.17High $186.02

Today's price is 61% of the way from the year's low to its high.

P/E vs its history5y

10.4×median 12.4×

Higher than 20% of past days — in the cheapest third of its own history.

Valuation vs own history

P/E

10.4×

79%

P/S

2.0×

57%

EV/EBITDA

10.0×

86%

P/B

2.0×

59%

FCF yield

9.9%

13%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Insider activity · 90 days

-$15.0Mnet selling

Purchases$0

Sales$15.0M

Insiders trading, last 14d0 buy · 0 sell

Standing in Financial Services

Size$12.6Btop 74%
Revenue growth+5%top 70%
Net margin20%top 43%
Return on equity20%top 25%
P/E10.4×top 21%
Dividend yield0.72%top 89%

Ranked against 129 Financial Services companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation, profitability and quality; Growth lags behind.

Valuation90

P/E vs own history20th pct · 20/25
FCF yield9.8% · 25/25
P/S2.0x · 20/25
EV/EBITDA9.3x · 25/25

Growth46

Revenue CAGR4.1% · 6/25
Net income CAGR11.7% · 20/25
EPS CAGR ~5Y15.5% · 20/25
Fwd implied growth-0.1% · 0/25

Profitability85

ROIC15.4% · 20/25
ROE20.3% · 20/25
Net margin19.6% · 20/25
Operating margin26.4% · 25/25

Health54

Altman Z0.58 · 3/25
Current ratio0.70 · 6/25
Interest coverage11.2x · 25/25
Net cash / debtD/A 7% · 20/25

Quality92

Piotroski F7/9 · 22/25
Beneish M-2.46 · 20/25
FCF conversion102% · 25/25
Margin stabilityσ 3.9% · 25/25

Moat56

ROIC >12% years3/7 yrs · 6/25
Median gross marginn/a · 0/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst 14.0% · 25/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2017Financial
Best year on record
$1.45B net income
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$3.93B in first reported year
FY2016Financial
Positive free cash flow every year since
10-year streak

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$17 821 today — price return only

$6.0B revenue in FY2025

Revenue up 5.2% year over year

Profitable 10 years in a row

Positive free cash flow 10 years in a row

3 695 employees

ROIC of 15.4%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Strong cash conversion — FCF is 19.9% of revenue
Interest covered 11.2× by operating earnings
High returns on invested capital (ROIC 15.4%)
Piotroski F-Score 7/9 — fundamentally strong checklist

Watch-outs

Altman Z-Score 0.58 — elevated financial-distress risk

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

10 of 11 checks passed

Revenue growing — the company sells more than a year ago+5.2% YoY
Profitable — makes more than it spends$1.21B TTM
Profit growing — earnings are higher than last year+15.9% YoY
Generates cash — cash left after running and investing$1.23B TTM
Debt under control — could handle its obligations~1.9y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$12.6B market cap
Not printing shares — share count not ballooning — you keep your slice-22.7% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distressAltman Z 0.6 — distress
Pays a dividend — returns cash to shareholdersyield 0.72%
Valuation not extreme — price not wildly above earningsP/E 10.4

Peer comparisonGlobe Life Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
GL this company	$12.6B	10.4	+5.2%	19.6%	Mixed
BRK.A Berkshire Hathaway Inc.	$1.1T	11.6	+3.9%	22.3%	Mixed
BRK.B Berkshire Hathaway	$1.1T	11.6	+0.0%	18.0%	Strong
JPM JPMorgan Chase & Co.	$886.2B	13.6	+13.5%	32.6%	Strained
V VISA Inc.	$723.9B	31.9	+14.4%	50.8%	Solid
MA Mastercard Incorporated	$516.4B	31.7	+16.0%	46.3%	Mixed
BAC Bank of America Corporation	$380.4B	11.3	+15.9%	27.8%	Mixed

Head-to-head: GL vs BRK.A · GL vs BRK.B · GL vs JPM

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 4Buy 14Hold 5

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $6.19B · net income $1.21B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

RevenueNet income

Revenue (TTM)

$6.19B

YoY 5.2%

Net income (TTM)

$1.21B

Margin 19.6%

Operating margin

26.4%

P/E ratio

10.4

Dividend yield

0.72%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	4.7	5.1	5.2	5.4	5.8	6.0
Gross profit	—	—	—	—	—	—
Operating income (EBIT)	0.9	0.9	0.9	1.2	1.3	1.4
Net income	0.7	0.7	0.7	1.0	1.1	1.2
EPS (diluted)	6.82	7.22	7.00	10.00	11.00	14.00

Cash flowFree cash flow $1.23B · operating cash flow $1.39B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$1.23B

Margin 19.9%

Operating cash flow (TTM)

$1.39B

FCF margin

19.9%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	1.5	1.4	1.4	1.5	1.4	1.4
Capital expenditure	-0.0	-0.0	-0.0	-0.0	-0.1	-0.1
Free cash flow	1.4	1.4	1.4	1.4	1.3	1.3
FCF margin	30.3%	27.4%	26.7%	26.3%	23.0%	20.9%

Balance sheetAssets $30.8B · net debt $2.31B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $30.8B of assets is financed

81%

19%

Liabilities $24.8B — borrowed moneyEquity $5.97B — owners' stake

Cash vs debt

Total debt $2.63B − cash $315M = net debt $2.31B

Cash on hand covers 12% of debt.

Altman Z-Score

0.58

Distress zone

Debt repayment

2.6 yrs

Years of free cash flow to clear net debt

Interest coverage

11.2x

EBIT ÷ interest expense

ROE

20.3%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.1	0.1	0.1	0.1	0.1	0.3
Total assets	29.0	29.8	25.5	28.1	29.1	30.8
Total liabilities	20.3	21.1	20.6	23.6	23.8	24.8
Total debt	1.9	2.0	2.1	2.1	2.7	2.6
Equity	8.8	8.6	4.9	4.5	5.3	6.0
Net debt	1.8	2.0	2.0	2.0	2.7	2.3

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of GL on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $164.17 · market cap $12.6B.