Globe Life (GL)
Financials · $13.1B market cap · SEC CIK 0000320335
fundamentals score out of 100
Next reports on Oct 20, 2026, after the close, with analysts expecting $5.04 in earnings per share.
The case for GL
- Cheap on earnings at 10.8×, well under the market's usual 20×.
- A PEG of 0.53: a P/E of 10.8× is low for EPS growing 20%.
- Return on equity of 20%.
- Moves less than the market (beta 0.45).
The case against
- Growth is weak (37/100): revenue +5.2%, EPS +20.3%, +4.8% a year over five years.
- Weakest against its peers: revenue growth of +5.2% is slower than 79% of Financials companies.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 70 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 37 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 63 |
| Momentumhow the price has behaved lately | 62 |
| Stabilityhow violently it moves, what it owes and what it pays you | 66 |
- Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
- Each factor except momentum is half fixed thresholds, half rank among the 74 Financials companies.
Key numbers
| Price / earnings | 10.8× |
|---|---|
| Price / book | 2.25× |
| Price / sales | 2.1× |
| Revenue growth (YoY) | +5.2% |
| EPS growth (YoY) | +20.3% |
| Gross margin | — |
| Operating margin | 26% |
| Net margin | 20% |
| Return on equity | 20% |
| Debt / equity | 0.48× |
| Current ratio | 0.70 |
| Dividend yield | 0.74% |
| Beta | 0.45 |
| 52-week range | $127.85 – $191.55 |
| Position in that range | 65% of the way up |
| 3-month return | +0.8% |
| 1-year return | +18.4% |
Five years of financials, as filed
Pulled from Globe Life's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $6.0B | $5.8B | $5.4B | $5.2B | $5.1B |
| Gross profit | — | — | $1.3B | $1.2B | $1.2B |
| Operating income | — | — | $1.3B | $1.2B | $1.2B |
| Net income | $1.2B | $1.1B | $971M | $894M | $1.0B |
| Operating cash flow | $1.4B | $1.4B | $1.5B | $1.4B | $1.4B |
| Capital expenditure | $142M | $71.0M | $49.6M | $27.9M | $38.2M |
| Total assets | $30.8B | $29.1B | $28.1B | $26.0B | $29.8B |
| Total liabilities | $24.8B | $23.8B | $23.6B | $22.0B | $21.1B |
| Shareholder equity | $6.0B | $5.3B | $4.5B | $3.9B | $2.0B |
| Cash | $145M | $165M | $103M | $92.6M | $92.2M |
| Long-term debt | $2.3B | $2.3B | $1.6B | $1.6B | $1.5B |
| Free cash flow | $1.3B | $1.3B | $1.4B | $1.4B | $1.4B |
| Gross margin | — | — | 23.1% | 22.6% | 23.8% |
| Operating margin | — | — | 23.2% | 22.7% | 24.0% |
| Net margin | 19.4% | 18.5% | 17.8% | 17.1% | 20.2% |
| Diluted shares | 82.5M | 89.7M | 96.4M | 99.0M | 103M |
Share count is down 20.0% over 4 years. Buybacks have been shrinking the pie.
What Globe Life says it does
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. 1 GL 2025 FORM 10-K Table of Contents The following table presents Globe Life's…
Risk factors GL lists in its 10-K
- How Globe Life Views Its Operations
- Analysis of Profitability by Segment
- Underwriting Margin by Distribution Channel
- Note 1—Significant Accounting Policies
- First-Year Collected Premium by Distribution Channel
- Analysis of Excess Investment Income
- Excess investment income per diluted common share
- Required interest on insurance policy liabilities
- Consolidated Statements of Operations
- Analysis of Realized Gains (Losses), Net of Tax
- Total realized gains (losses)—investments
- Fixed Maturity Acquisitions Selected Information
- Fixed Maturity Portfolio Selected Information
- States, municipalities, and political divisions