GL - Globe Life Inc Stock Price, Fair Value and News

77.53USD-1.75 (-2.21%)Delayed

Market Summary

USD77.53-1.75

Delayed

-2.21%

GL Alerts

4 major insider buys and 2 major insider sales recently.

GL Stock Price

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GL RSI Chart

GL Valuation

Market Cap

7.3B

Price/Earnings (Trailing)

7.48

Price/Sales (Trailing)

1.33

EV/EBITDA

6.78

Price/Free Cashflow

5.07

GL Price/Sales (Trailing)

GL Profitability

EBT Margin

21.92%

Return on Equity

21.64%

Return on Assets

3.46%

Free Cashflow Yield

19.72%

GL Fundamentals

GL Revenue

Revenue (TTM)

5.4B

Rev. Growth (Yr)

6.04%

Rev. Growth (Qtr)

2.28%

GL Earnings

Earnings (TTM)

970.8M

Earnings Growth (Yr)

13.39%

Earnings Growth (Qtr)

6.89%

Breaking Down GL Revenue

Last 7 days

2.4%

Last 30 days

-30.1%

Last 90 days

-35.8%

Trailing 12 Months

-26.7%

How does GL drawdown profile look like?

GL Financial Health

Debt/Equity

0.36

Debt/Cashflow

0.91

GL Investor Care

Dividend Yield

1.16%

Dividend/Share (TTM)

0.9

Buy Backs (1Y)

2.89%

Diluted EPS (TTM)

10.08

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	5.2B	5.3B	5.4B	5.4B
2022	5.1B	5.2B	5.2B	5.2B
2021	4.9B	5.0B	5.0B	5.1B
2020	4.5B	4.6B	4.6B	4.7B
2019	4.4B	4.4B	4.5B	4.5B
2018	4.2B	4.3B	4.3B	4.3B
2017	4.0B	4.0B	4.1B	4.2B
2016	3.8B	3.9B	3.9B	3.9B
2015	3.6B	3.7B	3.7B	3.8B
2014	3.7B	3.7B	3.6B	3.6B
2013	3.6B	3.7B	3.8B	3.8B
2012	3.4B	3.5B	3.5B	3.6B
2011	3.4B	3.4B	3.4B	3.4B
2010	3.2B	3.2B	3.3B	3.4B
2009	0	3.1B	3.0B	3.1B
2008	0	3.4B	3.3B	3.2B
2007	0	0	0	3.5B

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Globe Life Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 25, 2024	zorn rebecca e	sold	-179,336	77.3	-2,320	evp & chief talent officer
Apr 25, 2024	blinn mark a	bought	153,540	76.77	2,000	-
Apr 24, 2024	rodriguez david a	bought	119,585	79.7233	1,500	-
Apr 24, 2024	johnson steven paul	bought	100,800	76.4214	1,319	-
Apr 24, 2024	brannen james	bought	156,940	78.4702	2,000	-
Feb 28, 2024	mitchell robert brian	sold (taxes)	-270,667	128	-2,108	evp, general counsel and cro
Feb 28, 2024	darden james matthew	sold (taxes)	-522,074	128	-4,066	co-chairman & ceo
Feb 28, 2024	majors michael clay	acquired	-	-	9,287	evp - chief strategy officer
Feb 28, 2024	mitchell robert brian	acquired	-	-	8,635	evp, general counsel and cro
Feb 28, 2024	svoboda frank m	acquired	-	-	16,082	co-chairman & ceo

Which funds bought or sold GL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 02, 2024	LINCOLN NATIONAL CORP	added	7.1	8,792	375,581	0.01%
May 02, 2024	First Command Advisory Services, Inc.	unchanged	-	-3,007	65,400	-%
May 02, 2024	Quent Capital, LLC	added	19.9	3,669	28,743	-%
May 02, 2024	NORDEA INVESTMENT MANAGEMENT AB	added	10,526	114,915,000	116,061,000	0.14%
May 02, 2024	Fidelis Capital Partners, LLC	new	-	522,320	522,320	0.08%
May 02, 2024	BNP PARIBAS	new	-	976,226	976,226	0.05%
May 02, 2024	NISA INVESTMENT ADVISORS, LLC	reduced	-0.8	-234,824	4,313,490	0.03%
May 02, 2024	Daiwa Securities Group Inc.	reduced	-35.14	-2,423,000	3,954,000	0.02%
May 02, 2024	MONTGOMERY INVESTMENT MANAGEMENT INC	reduced	-3.97	-62,797	704,039	0.27%
May 02, 2024	WHITTIER TRUST CO	unchanged	-	-2,531	55,042	-%

Are Funds Buying or Selling GL?

Are funds buying GL calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GL

No. of Funds

GL Alerts

4 major insider buys and 2 major insider sales recently.

Unveiling Globe Life Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	berkshire hathaway inc	0%	10	SC 13G/A
Feb 13, 2024	vanguard group inc	11.51%	10,828,866	SC 13G/A
Feb 08, 2024	wellington management group llp	4.98%	4,685,657	SC 13G/A
Jan 26, 2024	blackrock inc.	7.1%	6,695,570	SC 13G/A
Feb 09, 2023	vanguard group inc	11.08%	10,780,683	SC 13G/A
Feb 06, 2023	wellington management group llp	6.14%	5,970,777	SC 13G/A
Feb 01, 2023	blackrock inc.	6.6%	6,410,977	SC 13G/A
Feb 10, 2022	vanguard group inc	10.65%	10,757,918	SC 13G/A
Feb 04, 2022	wellington management group llp	5.28%	5,334,828	SC 13G
Feb 01, 2022	blackrock inc.	6.4%	6,462,907	SC 13G/A

Recent SEC filings of Globe Life Inc

View All Filings

Date Filed	Form Type	Document
Apr 30, 2024	4/A	Insider Trading
Apr 29, 2024	8-K	Current Report
Apr 26, 2024	4	Insider Trading
Apr 26, 2024	4	Insider Trading
Apr 26, 2024	4	Insider Trading
Apr 26, 2024	4	Insider Trading
Apr 26, 2024	4	Insider Trading
Apr 25, 2024	144	Notice of Insider Sale Intent
Apr 22, 2024	8-K	Current Report
Apr 02, 2024	8-K	Current Report

Peers (Alternatives to Globe Life Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.3B	-3.06%	3129.10%	-4.8K	757.88	-10.27%	-34.69%
AJG	52.2B	10.6B	-2.71%	13.23%	47.77	4.91	20.42%	-6.05%
AIG	52.1B	48.4B	0.86%	57.32%	10.78	1.08	-4.15%	-20.63%
TRV	49.0B	42.9B	-6.64%	19.38%	15.6	1.14	13.52%	12.15%
AFL	47.3B	19.3B	-2.31%	24.53%	8.84	2.45	3.03%	17.35%
ACGL	35.3B	13.6B	2.33%	29.43%	7.95	2.59	41.83%	201.02%
AFG	10.7B	8.0B	-4.33%	11.09%	12.11	1.34	11.14%	7.56%
MID-CAP
UNM	9.8B	12.6B	-4.88%	20.24%	7.4	0.78	4.24%	-13.40%
AIZ	9.1B	11.1B	-4.87%	34.98%	14.23	0.82	9.21%	132.28%
LNC	4.8B	11.9B	-11.10%	45.32%	3.54	0.4	-33.27%	234.43%
AEL	4.5B	2.8B	-0.20%	45.14%	21.34	1.58	100.59%	-89.04%
SMALL-CAP
BRP	1.7B	1.2B	-3.61%	19.54%	-18.37	1.36	24.25%	-115.79%
AMSF	901.6M	308.9M	-2.62%	-15.63%	14.61	2.92	3.79%	10.94%
AMBC	662.6M	269.0M	-7.57%	0.89%	147.24	2.46	-46.68%	-99.14%
AAME	39.2M	186.8M	-11.93%	-12.73%	-229.08	0.21	-0.56%	-111.21%

Globe Life Inc News

Latest updates

Globe Life Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.3%	1,416	1,384	1,326	1,321	1,335	1,297	1,292	1,303	1,297	1,278	1,271	1,267	1,229	1,195	1,181	1,133	1,137	1,141	1,130	1,119	1,065
Gross Profit	0.8%	323	321	310	305	306	264	307	301	568	220	237	191	225	230	217	229	225	235	224	227	220
S&GA Expenses	4.7%	78.00	75.00	75.00	74.00	80.00	76.00	79.00	73.00	75.00	68.00	68.00	71.00	63.00	64.00	62.00	67.00	64.00	61.00	65.00	60.00	57.00
EBITDA Margin	1.7%	0.24*	0.23*	0.18*	0.19*	0.19*	0.21*	0.21*	0.21*	0.19*	0.20*	0.21*	0.21*	-	-	-	-	-	-	-	-	-
Interest Expenses	-1.1%	26.00	26.00	26.00	25.00	25.00	24.00	22.00	20.00	20.00	21.00	22.00	21.00	21.00	22.00	23.00	21.00	21.00	21.00	21.00	21.00	24.00
Income Taxes	0.3%	62.00	62.00	49.00	51.00	54.00	44.00	52.00	57.00	116	42.00	46.00	40.00	46.00	43.00	39.00	37.00	40.00	46.00	42.00	43.00	39.00
Earnings Before Taxes	5.6%	337	319	265	274	297	235	276	294	580	231	245	219	250	232	212	203	227	247	229	228	204
EBT Margin	1.9%	0.22*	0.22*	0.17*	0.17*	0.17*	0.20*	0.20*	0.19*	0.18*	0.19*	0.19*	0.19*	-	-	-	-	-	-	-	-	-
Net Income	6.9%	275	257	215	224	242	191	224	237	604	189	925	-826	204	189	1,339	-613	187	202	187	185	165
Net Income Margin	1.9%	0.18*	0.17*	0.14*	0.25*	0.36*	0.38*	0.38*	0.40*	0.12*	0.10*	0.10*	0.19*	-	-	-	-	-	-	-	-	-
Free Cashflow	37.0%	378	276	309	469	364	351	290	390	370	351	322	356	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	7.0%	28,051	26,223	26,770	26,922	25,987	25,249	26,424	28,216	29,768	29,497	29,580	28,113	29,047	28,042	27,534	25,352	25,977	25,792	24,855	24,133	23,096
Cash Equivalents	20.6%	103	86.00	75.00	172	93.00	86.00	172	128	92.00	96.00	138	82.00	95.00	80.00	114	90.00	76.00	67.00	89.00	67.00	121
Goodwill	0%	482	482	482	482	482	482	482	482	482	482	442	442	442	442	442	442	442	442	442	442	442
Liabilities	9.1%	23,565	21,600	22,789	23,076	22,037	21,639	23,204	25,671	21,125	20,888	20,963	20,281	20,276	19,817	19,686	18,832	18,683	18,479	18,155	18,090	17,681
Short Term Borrowings	8.6%	486	448	258	514	449	435	495	522	480	394	260	275	255	280	831	458	299	233	257	294	308
Long Term Debt	-9.4%	1,630	1,799	1,798	1,628	1,628	1,628	1,627	1,547	1,546	1,546	1,986	1,668	1,668	1,668	1,272	1,347	1,349	1,467	1,446	1,356	1,357
LT Debt, Non Current	-9.4%	1,630	1,799	1,798	1,628	1,628	1,628	1,627	1,547	1,546	1,546	1,986	1,668	1,668	1,668	1,272	1,347	1,349	1,351	1,353	-	1,357
Shareholder's Equity	-2.9%	4,487	4,623	3,980	3,846	3,950	3,610	3,220	2,544	2,004	8,608	8,617	7,832	8,771	8,225	7,848	6,520	7,294	7,313	6,700	6,043	5,415
Retained Earnings	-0.3%	7,500	7,520	7,286	7,093	6,895	6,633	6,470	6,316	6,182	6,353	6,186	6,021	5,874	6,002	5,839	5,686	5,551	5,687	5,515	5,365	5,213
Additional Paid-In Capital	-2.1%	532	544	536	529	530	541	532	523	521	534	525	516	527	537	528	519	532	538	527	519	524
Shares Outstanding	-2.9%	102	105	105	105	105	109	109	109	109	113	113	113	-	-	-	-	-	-	-	-	-
Float	-	-	-	10,400	-	-	-	9,300	-	-	-	9,500	-	-	-	7,700	-	-	-	9,600	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	36.4%	391,397	286,887	326,811	477,330	371,807	356,997	296,257	397,133	377,658	357,983	330,209	371,830	397,818	309,314	425,748	343,554	333,699	343,538	263,352	423,285	340,358
Share Based Compensation	5.8%	8,004	7,567	7,486	7,679	9,047	9,120	8,448	9,035	5,974	7,776	8,634	7,888	9,237	8,667	8,632	9,356	11,495	11,533	11,256	10,559	9,823
Cashflow From Investing	76.5%	-98,177	-417,835	-162,367	-247,770	-252,166	-282,919	-132,606	-275,324	-284,116	46,148	-405,717	-269,685	-189,272	-31,801	-648,982	-311,675	-240,744	-212,211	-50,594	-305,762	193,624
Cashflow From Financing	-298.7%	-271,731	136,776	-254,792	-151,740	-114,656	-170,293	-122,804	-84,700	-95,596	-450,513	135,823	-113,317	-187,061	-309,032	253,307	-31,271	-81,084	-153,286	-186,657	-169,481	-500,111
Dividend Payments	-1.0%	21,171	21,376	21,498	20,071	20,106	20,233	20,521	19,687	19,975	20,177	20,380	19,511	19,689	19,962	19,953	18,588	18,695	18,841	18,956	17,696	17,940
Buy Backs	49.8%	145,171	96,898	89,755	179,276	119,186	72,031	143,939	119,482	148,055	97,796	162,864	132,720	147,218	129,919	-	166,729	125,100	104,372	119,201	110,896	123,435

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GL Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Revenue:

Revenue

$ 4,456,017

$ 4,310,242

$ 4,094,813

Net investment income

1,056,884

991,800

956,690

Realized gains (losses)

(65,676)

(76,548)

59,319

Other income

308

1,246

1,216

Total revenue

5,447,533

5,226,740

5,112,038

Benefits and expenses:

Life policyholder benefits

^[1]

2,050,789

2,035,693

1,898,519

Health policyholder benefits

^[2]

776,362

752,866

721,309

Other policyholder benefits

37,100

36,875

39,218

Total policyholder benefits

2,864,251

2,825,434

2,659,046

Amortization of deferred acquisition costs

379,700

348,824

317,616

Commissions, premium taxes, and non-deferred acquisition costs

559,167

506,022

455,250

Other operating expense

347,833

353,954

322,029

Interest expense

102,316

90,395

83,486

Total benefits and expenses

4,253,267

4,124,629

3,837,427

Income before income taxes

1,194,266

1,102,111

1,274,611

Income tax benefit (expense)

(223,511)

(207,725)

(243,497)

Net income

$ 970,755

$ 894,386

$ 1,031,114

Basic net income per common share (in dollars per share)

$ 10.21

$ 9.13

$ 10.10

Diluted net income per common share (in dollars per share)

$ 10.07

$ 9.04

$ 9.99

Life premium

Revenue:

Revenue

$ 3,137,244

$ 3,027,824

$ 2,893,930

Health premium

Revenue:

Revenue

1,318,773

1,282,417

1,200,882

Other premium

Revenue:

Revenue

$ 0

$ 1

[1]	Net of the total remeasurement, including both the impact of assumption changes and the effect of actual to expected experience adjustments, resulting in gains (losses) of $29.4 million, $(47.4) million and $(11.1) million for the year ended December 31, 2023, 2022 and 2021, respectively.
[2]	Net of the total remeasurement, including both the impact of assumption changes and the effect of actual to expected experience adjustments, resulting in gains (losses) of $11.8 million, $15.6 million and $(1.2) million for the year ended December 31, 2023, 2022 and 2021, respectively.

GL Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments:
Fixed maturities—available for sale, at fair value (amortized cost: 2023—$18,924,914; 2022—$18,301,692, allowance for credit losses: 2023— $7,115; 2022— $0)	$ 17,870,206	$ 16,503,365
Mortgage loans	279,199	181,305
Policy loans	657,020	614,866
Other long-term investments (includes: 2023—$795,583; 2022—$768,689 under the fair value option)	835,878	794,711
Short-term investments	81,740	114,121
Total investments	19,724,043	18,208,368
Cash	103,156	92,559
Accrued investment income	270,396	259,581
Other receivables	630,223	589,171
Deferred acquisition costs	6,009,477	5,535,697
Goodwill	481,791	481,791
Other assets	832,413	819,630
Total assets	28,051,499	25,986,797
Liabilities:
Future policy benefits	19,460,353	18,097,341
Unearned and advance premium	254,567	253,360
Policy claims and other benefits payable	514,875	509,356
Other policyholders' funds	236,958	123,236
Total policy liabilities	20,466,753	18,983,293
Current and deferred income taxes	494,639	434,649
Short-term debt	486,113	449,103
Long-term debt (estimated fair value: 2023—$1,491,229; 2022—$1,440,277)	1,629,559	1,627,952
Other liabilities	487,632	542,223
Total liabilities	23,564,696	22,037,220
Commitments and Contingencies (Note 5)
Shareholders' equity:
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2023 and 2022	0	0
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2023—102,218,183 issued; 2022—105,218,183 issued)	102,218	105,218
Additional paid-in-capital	532,474	529,661
Accumulated other comprehensive income (loss)	(2,772,419)	(2,790,313)
Retained earnings	7,478,813	6,894,535
Treasury stock, at cost: (2023—8,426,854 shares; 2022—8,478,288 shares)	(854,283)	(789,524)
Total shareholders' equity	4,486,803	3,949,577
Total liabilities and shareholders' equity	$ 28,051,499	$ 25,986,797

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, term, and other life insurance products; Medicare supplement and supplemental health insurance products, 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.

CEO	Mr. Frank Martin Svoboda
WEBSITE	globelifeinsurance.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	3543

Globe Life Inc Frequently Asked Questions

What is the ticker symbol for Globe Life Inc? What does GL stand for in stocks?

GL is the stock ticker symbol of Globe Life Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Globe Life Inc (GL)?

As of Fri May 03 2024, market cap of Globe Life Inc is 7.27 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GL stock?

You can check GL's fair value in chart for subscribers.

What is the fair value of GL stock?

You can check GL's fair value in chart for subscribers. The fair value of Globe Life Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Globe Life Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GL so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Globe Life Inc a good stock to buy?

The fair value guage provides a quick view whether GL is over valued or under valued. Whether Globe Life Inc is cheap or expensive depends on the assumptions which impact Globe Life Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GL.

What is Globe Life Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 03 2024, GL's PE ratio (Price to Earnings) is 7.48 and Price to Sales (PS) ratio is 1.33. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GL PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Globe Life Inc's stock?

In the past 10 years, Globe Life Inc has provided 0.005 (multiply by 100 for percentage) rate of return.