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GL logoGlobe Life Inc.(GL)Earnings, Financials & Key Ratios

GL•NYSE•Insurance & Managed Care
$154.14
$12.09B mkt cap·11.0× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryLife InsuranceSub-IndustryIndividual life and final expense insurers
AboutGlobe 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 life, term life, and other life insurance products; Medicare supplement and supplemental health insurance, 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.Show more
  • Revenue$6B+3.8%
  • Combined Ratio75.62%-1.8%
  • Net Income$1.16B+8.4%
  • Return on Equity20.59%-5.9%
  • Medical Cost Ratio66.6%-1.5%
  • Operating Margin24.38%+6.2%
  • Net Margin19.36%+4.5%
  • ROA3.88%+3.4%
  • Equity / Assets19.39%+6.3%
  • Book Value per Share73.90+18.0%
  • Tangible BV/Share-18.74+5.5%
  • Debt/Equity0.44-14.9%
Analysis→Technical→

GL Key Insights

Globe Life Inc. (GL) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Profitable underwriting: 75.6% combined ratio
  • ✓Excellent 3Y average ROE of 21.8%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓23 consecutive years of dividend growth
  • ✓Share count reduced 4.6% through buybacks
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

GL Price & Volume

Globe Life Inc. (GL) stock price & volume — 10-year historical chart

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GL Growth Metrics

Globe Life Inc. (GL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.77%
5 Years4.83%
3 Years4.7%
TTM3.82%

Profit CAGR

10 Years8.22%
5 Years9.67%
3 Years9.09%
TTM8.44%

EPS CAGR

10 Years12.95%
5 Years15.57%
3 Years15.86%
TTM17.66%

Return on Capital

10 Years4.26%
5 Years4.79%
3 Years4.97%
Last Year5.23%

GL Recent Earnings

Globe Life Inc. (GL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 1/12 qtrs (8%)
Q2 2026Latest
Apr 22, 2026
EPS
$3.43
Est $3.46
-0.9%
Revenue
$1.6B
Est $1.6B
-0.3%
Q1 2026
Feb 4, 2026
EPS
$3.39
Est $3.44
-1.5%
Revenue
$1.5B
Est $1.5B
-0.8%
Q4 2025
Oct 22, 2025
EPS
$4.81
Est $4.60
+4.6%
Revenue
$1.5B
Est $1.5B
-0.4%
Q3 2025
Jul 23, 2025
EPS
$3.27
Est $3.25
+0.6%
Revenue
$1.5B
Est $1.5B
-1.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 22, 2026
$3.43vs $3.46-0.9%
$1.6Bvs $1.6B-0.3%
Q1 2026Feb 4, 2026
$3.39vs $3.44-1.5%
$1.5Bvs $1.5B-0.8%
Q4 2025Oct 22, 2025
$4.81vs $4.60+4.6%
$1.5Bvs $1.5B-0.4%
Q3 2025Jul 23, 2025
$3.27vs $3.25+0.6%
$1.5Bvs $1.5B-1.6%
Based on last 12 quarters of dataView full earnings history →

GL Peer Comparison

Globe Life Inc. (GL) competitors in Individual life and final expense insurers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
CNO logoCNOCNO Financial Group, Inc.Direct Competitor4.27B45.5219.370.94%4.94%8.6%15.84%1.54
FGL logoFGLFounder Group Limited Ordinary SharesDirect Competitor34.77M2.06-122.00-38.98%-5.7%-32.28%2.09
CRBG logoCRBGCorebridge Financial, Inc.Direct Competitor13B28.46-41.857.88%-12.67%-2.7%15.55%0.78
LNC logoLNCLincoln National CorporationDirect Competitor6.4B37.542.0453.61%11.43%20.18%0.77
GNW logoGNWGenworth Financial, Inc.Direct Competitor3.44B8.8716.43-10.86%3.25%2.28%9.52%0.15
MET logoMETMetLife, Inc.Product Competitor52.79B79.9013.453.29%5.43%13.16%28.63%0.68
PRU logoPRUPrudential Financial, Inc.Product Competitor34.89B100.279.81-14.01%5.87%10.54%17.97%0.94
AFL logoAFLAflac IncorporatedProduct Competitor58.97B114.4616.76-8.84%21%13.05%4.33%0.29

Compare GL vs Peers

Globe Life Inc. (GL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CNO

Most directly comparable listed peer for GL.

Scale Benchmark

vs MMC

Larger-name benchmark to compare GL against a more recognizable public peer.

Peer Set

Compare Top 5

vs CNO, FGL, CRBG, LNC

GL Income Statement

Globe Life Inc. (GL) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue4.16B4.31B4.53B4.74B5.12B5.23B5.45B5.78B6B
Revenue Growth %5.63%3.82%4.93%4.66%8.08%2.06%4.22%6.07%3.82%
Medical Costs & Claims257.25M3.07B3.21B3.45B3.43B3.69B3.81B3.91B3.99B
Medical Cost Ratio %6.19%71.2%70.85%72.9%67.06%70.51%69.89%67.63%66.6%
Gross Profit
3.9B▲ 0%
1.24B▼ 68.1%
1.32B▲ 6.2%
1.28B▼ 2.7%
1.69B▲ 31.4%
1.54B▼ 8.6%
1.64B▲ 6.4%
1.87B▲ 14.0%
2B▲ 7.1%
Gross Margin %93.81%28.8%29.15%27.1%32.94%29.49%30.11%32.37%33.4%
Gross Profit Growth %258.64%-68.12%6.19%-2.71%31.38%-8.65%6.43%14.02%7.14%
Operating Expenses3.24B379.16M388.49M387.34M412.39M439.04M445.98M543.62M540.97M
OpEx / Revenue %77.96%8.79%8.58%8.17%8.05%8.4%8.19%9.41%9.02%
Depreciation & Amortization000000000
Combined Ratio %84.15%79.98%79.43%81.08%75.11%78.91%78.08%77.04%75.62%
Operating Income
923.93M▲ 0%
863.67M▼ 6.5%
931.28M▲ 7.8%
896.68M▼ 3.7%
1.27B▲ 42.1%
1.1B▼ 13.5%
1.19B▲ 8.4%
1.33B▲ 11.1%
1.46B▲ 10.3%
Operating Margin %22.23%20.02%20.57%18.92%24.89%21.09%21.92%22.96%24.38%
Operating Income Growth %19.64%-6.52%7.83%-3.71%42.15%-13.53%8.36%11.08%10.26%
EBITDA915.18M953.75M1.02B983.39M1.36B1.19B1.3B1.45B1.59B
EBITDA Margin %22.02%22.1%22.43%20.75%26.52%22.82%23.8%25.16%26.54%
Interest Expense85M90.08M84.31M86.7M83.49M90.39M102.32M127.09M141.22M
Non-Operating Income8.75M-90.08M-84.31M-86.7M-83.49M-90.39M-102.32M-127.09M-129.02M
Pretax Income
830.65M▲ 0%
863.67M▲ 4.0%
931.28M▲ 7.8%
896.68M▼ 3.7%
1.27B▲ 42.1%
1.1B▼ 13.5%
1.19B▲ 8.4%
1.33B▲ 11.1%
1.44B▲ 8.5%
Pretax Margin %19.99%20.02%20.57%18.92%24.89%21.09%21.92%22.96%24%
Income Tax-627.62M162.16M170.4M164.91M243.5M207.72M223.51M255.88M278.57M
Effective Tax Rate %-75.56%18.78%18.3%18.39%19.1%18.85%18.72%19.29%19.35%
Net Income
1.45B▲ 0%
701.47M▼ 51.8%
760.79M▲ 8.5%
731.77M▼ 3.8%
1.03B▲ 40.9%
894.39M▼ 13.3%
970.75M▲ 8.5%
1.07B▲ 10.3%
1.16B▲ 8.4%
Net Margin %34.99%16.26%16.8%15.44%20.13%17.11%17.82%18.53%19.36%
Net Income Growth %164.47%-51.76%8.46%-3.81%40.91%-13.26%8.54%10.3%8.44%
EPS (Diluted)
12.22▲ 0%
6.08▼ 50.2%
6.83▲ 12.3%
6.82▼ 0.1%
7.22▲ 5.9%
9.04▲ 25.2%
10.07▲ 11.4%
11.94▲ 18.6%
14.06▲ 17.8%
EPS Growth %172.16%-50.25%12.34%-0.15%5.87%25.21%11.39%18.57%17.76%
EPS (Basic)12.506.226.976.907.309.1310.2111.9914.30
Diluted Shares Outstanding118.98M115.25M111.38M107.22M103.17M98.98M96.36M84.75M80.85M

GL Balance Sheet

Globe Life Inc. (GL) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets23.47B23.1B25.98B29.05B29.77B25.99B28.05B29.08B30.81B
Asset Growth %9.51%-1.62%12.48%11.82%2.48%-12.7%7.95%3.65%5.98%
Total Investment Assets17.73B17.12B19.85B22.45B22.76B18.21B19.72B19.57B20.47B
Long-Term Investments17.1B16.36B18.95B21.32B1.38B1.59B1.77B2.33B2.57B
Short-Term Investments17.1B16.36B18.95B21.32B21.37B16.62B17.95B17.24B17.9B
Total Current Assets000022.21B17.56B18.96B18.37B19.09B
Cash & Equivalents118.56M121.03M75.93M94.85M92.16M92.56M103.16M165.32M144.7M
Receivables391.77M415.16M441.66M474.18M738.75M848.75M900.62M961.7M1.04B
Other Current Assets-17.61B-16.9B-19.46B-21.89B00000
Goodwill & Intangibles441.59M441.59M441.59M441.59M5.4B6.02B6.49B6.99B7.49B
Goodwill441.59M441.59M441.59M441.59M481.79M481.79M481.79M490.45M490.45M
Intangible Assets00004.91B5.54B6.01B6.5B7B
PP&E (Net)108M135M161M186M205M212M240M285M370M
Other Assets-17.65B-16.94B-19.55B-21.95B577.63M607.63M592.41M1.11B1.3B
Total Liabilities17.24B17.68B18.68B20.28B21.13B22.04B23.56B23.77B24.84B
Total Debt1.46B1.67B1.65B1.92B2.03B2.08B2.12B2.74B2.63B
Net Debt1.34B1.54B1.57B1.83B1.93B1.98B2.01B2.57B2.48B
Long-Term Debt1.13B1.36B1.35B1.67B1.55B1.63B1.63B2.32B2.32B
Short-Term Debt328.07M307.85M298.74M254.92M479.64M449.1M486.11M415.4M304.66M
Total Current Liabilities00002.72B1.65B1.75B1.94B1.98B
Accounts Payable00365.4M399.51M412.94M509.36M514.88M532.83M540.83M
Deferred Revenue000065.47M253.36M254.57M257.63M270.66M
Other Current Liabilities-1.97B-1.71B-2.14B-2.49B00000
Deferred Taxes000000000
Other Liabilities-1.13B-1.36B-1.35B-1.67B16.86B18.76B20.18B19.51B20.54B
Total Equity
6.23B▲ 0%
5.42B▼ 13.1%
7.29B▲ 34.7%
8.77B▲ 20.2%
8.64B▼ 1.5%
3.95B▼ 54.3%
4.49B▲ 13.6%
5.31B▲ 18.2%
5.97B▲ 12.6%
Equity Growth %36.45%-13.1%34.7%20.25%-1.46%-54.3%13.6%18.25%12.61%
Shareholders Equity6.23B5.42B7.29B8.77B8.64B3.95B4.49B5.31B5.97B
Minority Interest000000000
Retained Earnings4.81B5.21B5.55B5.87B6.18B6.89B7.48B8B8.55B
Common Stock124.22M121.22M117.22M113.22M109.22M105.22M102.22M97.22M92.22M
Accumulated OCI1.42B319.48M1.84B3.03B2.68B-2.79B-2.77B-2.03B-1.77B
Return on Equity (ROE)26.93%12.05%11.97%9.11%11.84%14.21%23.01%21.87%20.59%
Return on Assets (ROA)6.48%3.01%3.1%2.66%3.51%3.21%3.59%3.75%3.88%
Equity / Assets26.54%23.45%28.08%30.2%29.03%15.2%15.99%18.25%19.39%
Debt / Equity0.23x0.31x0.23x0.22x0.23x0.53x0.47x0.52x0.44x
Book Value per Share52.3746.9965.4981.8083.7739.9046.5662.6073.90
Tangible BV per Share48.6643.1661.5277.6831.47-20.89-20.80-19.83-18.74

GL Cash Flow Statement

Globe Life Inc. (GL) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations1.43B1.28B1.36B1.48B1.44B1.42B1.48B1.4B1.4B
Operating CF Growth %2.17%-10.6%6.75%8.25%-2.62%-1.08%4.24%-5.4%-0.43%
Operating CF / Revenue %34.39%29.61%30.12%31.16%28.07%27.21%27.21%24.27%23.28%
Net Income1.46B701.51M760.88M731.77M744.96M894.39M970.75M1.07B1.16B
Depreciation & Amortization000000000
Stock-Based Compensation000000000
Deferred Taxes000000000
Other Non-Cash Items-816.33M-110.46M-136.67M-154.69M-289.81M-311.74M-303.35M-401.43M-367.49M
Working Capital Changes787.12M686.59M739.66M899.35M982.53M839.54M815.01M733.1M602.64M
Cash from Investing-926.82M-896.22M-809.31M-1.18B-913.37M-943.01M-926.15M-641.52M-643.62M
Capital Expenditures-20.29M-45.09M-42.2M-41.76M-38.24M-27.93M-49.55M-71.05M-142.48M
Acquisitions000000000
Purchase of Investments-1.47B-1.29B-1.73B-1.64B-1.32B-1.85B-1.96B-2.09B-1.63B
Sale/Maturity of Investments559.62M439.99M958.47M511.99M502.63M935.54M1.08B1.52B1.13B
Other Investing18K1.99M32K-7.05M-56.7M0096K0
Cash from Financing-453.98M-391.52M-590.51M-274.06M-523.6M-492.45M-541.49M-715.84M-768.05M
Dividends Paid-68.83M-71.42M-74.19M-78.19M-80.04M-80.55M-84.12M-85.48M-86.07M
Share Repurchases-412.99M-421.75M-459.57M-443.87M-541.43M-454.64M-511.1M-1B-880.98M
Stock Issued61.22M36.09M83.16M48.09M69.83M106.59M114.08M51.79M164.45M
Debt Issuance (Net)1000K1000K-1000K1000K1000K1000K1000K1000K-1000K
Other Financing-90.93M-126.99M-121.43M-72.93M-64.24M-112.79M-96.94M-301.61M145.29M
Net Change in Cash
42.4M▲ 0%
2.46M▼ 94.2%
-45.09M▼ 1930.8%
18.91M▲ 141.9%
-2.68M▼ 114.2%
396K▲ 114.8%
10.6M▲ 2576.0%
62.17M▲ 486.7%
-20.62M▼ 133.2%
Exchange Rate Effect-5.85M12.56M-9.15M-1.73M-3.39M13.67M-4.19M17.08M-5.34M
Cash at Beginning76.16M118.56M121.03M75.93M94.85M92.16M92.56M103.16M165.32M
Cash at End118.56M121.03M75.93M94.85M92.16M92.56M103.16M165.32M144.7M
Free Cash Flow
1.41B▲ 0%
1.23B▼ 12.5%
1.32B▲ 7.2%
1.43B▲ 8.6%
1.4B▼ 2.5%
1.39B▼ 0.4%
1.43B▲ 2.8%
1.33B▼ 7.1%
1.25B▼ 5.8%
FCF Growth %2.56%-12.51%7.23%8.55%-2.46%-0.37%2.77%-7.08%-5.82%
FCF Margin %33.9%28.57%29.19%30.28%27.33%26.68%26.3%23.04%20.9%
FCF per Share11.8410.6911.8713.3813.5614.0914.8715.7115.51

GL Key Ratios

Globe Life Inc. (GL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Combined Ratio80.37%84.15%79.98%79.43%81.08%75.11%78.91%78.08%77.04%75.62%
Medical Cost Ratio72.37%6.19%71.2%70.85%72.9%67.06%70.51%69.89%67.63%66.6%
Return on Equity (ROE)12.75%26.93%12.05%11.97%9.11%11.84%14.21%23.01%21.87%20.59%
Return on Assets (ROA)2.66%6.48%3.01%3.1%2.66%3.51%3.21%3.59%3.75%3.88%
Equity / Assets21.3%26.54%23.45%28.08%30.2%29.03%15.2%15.99%18.25%19.39%
Book Value / Share37.3252.3746.9965.4981.883.7739.946.5662.673.9
Debt / Equity0.31x0.23x0.31x0.23x0.22x0.23x0.53x0.47x0.52x0.44x
Revenue Growth4.48%5.63%3.82%4.93%4.66%8.08%2.06%4.22%6.07%3.82%

GL SEC Filings & Documents

Globe Life Inc. (GL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 22, 2026·SEC

Material company update

Feb 27, 2026·SEC

Material company update

Feb 4, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

GL Frequently Asked Questions

Globe Life Inc. (GL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Globe Life Inc. (GL) grew revenue by 3.8% over the past year. Growth has been modest.

Yes, Globe Life Inc. (GL) is profitable, generating $1.16B in net income for fiscal year 2025 (19.4% net margin).

Dividend & Returns

Yes, Globe Life Inc. (GL) pays a dividend with a yield of 0.69%. This makes it attractive for income-focused investors.

Globe Life Inc. (GL) has a return on equity (ROE) of 20.6%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Globe Life Inc. (GL) has a combined ratio of 75.6%. A ratio below 100% indicates underwriting profitability.

Explore More GL

Globe Life Inc. (GL) financial analysis — history, returns, DCA and operating performance tools

Full GL Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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