Market Summary
USD106.69+0.33
Delayed0.31%
GL Alerts
GL Stock Price
GL RSI Chart
GL Valuation
GL Price/Sales (Trailing)
GL Profitability
GL Fundamentals
GL Revenue
GL Earnings
Price Action
52 Week Range
87.68123.85
(Low)(High)
Last 7 days
-1.9%
Last 30 days
-11.5%
Last 90 days
-11.2%
Trailing 12 Months
6.7%
GL Financial Health
GL Investor Care
Peers (Alternatives to Globe Life)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MET | 42.3B | 69.9B | -23.30% | -20.83% | 16.68 | 0.61 | -1.66% | -61.26% |
PRU | 38.7B | 60.0B | -21.12% | -32.57% | 125.56 | 0.61 | -15.34% | -118.62% |
TRV | 38.3B | 36.9B | -11.40% | -9.04% | 13.47 | 1.04 | 5.94% | -22.39% |
RE | 24.1B | 12.1B | -9.20% | 18.91% | 40.37 | 2 | 1.63% | -56.71% |
ATH | 17.0B | 7.6B | - | - | -9.57 | 0.74 | -71.04% | -207.85% |
GL | 11.2B | 5.2B | -11.45% | 6.68% | 15.18 | 2.15 | 2.00% | -0.71% |
| MID-CAP | ||||||||
PRI | 6.0B | 2.7B | -2.33% | 23.20% | 16.04 | 2.2 | 0.38% | -0.09% |
LNC | 3.5B | 18.8B | -35.95% | -67.83% | -1.57 | 0.19 | -2.32% | -258.51% |
AEL | 3.0B | 1.4B | -13.79% | -10.97% | 2.45 | 2.12 | -61.63% | 157.59% |
BHF | 2.8B | 8.5B | -27.13% | -20.78% | 565.21 | 0.33 | 18.64% | 104.63% |
GNW | 2.4B | 7.5B | -20.83% | 27.35% | 3.86 | 0.31 | -4.15% | -32.63% |
| SMALL-CAP | ||||||||
VERY | 116.0M | 101.8M | 5.64% | 57.38% | -6.85 | 1.14 | -19.68% | 11.97% |
AAME | 50.7M | 192.4M | 3.75% | -12.01% | 16.13 | 0.26 | -8.30% | -76.65% |
NSEC | 41.4M | 66.1M | 0.80% | 56.55% | -121.51 | 0.63 | -2.59% | 95.15% |
Financials for Globe Life
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 0.5% | 5,215 | 5,190 | 5,176 | 5,155 | 5,113 |
| Gross Profit | 6.7% | 983 | 921 | 882 | 871 | 853 |
| S&GA Expenses | 1.5% | 308 | 303 | 295 | 284 | 282 |
| EBITDA | 4.7% | 997 | 952 | 949 | 997 | - |
| EBITDA Margin | 4.2% | 0.19* | 0.18* | 0.18* | 0.19* | - |
| Earnings Before Taxes | 4.6% | 906 | 866 | 867 | 895 | 912 |
| EBT Margin | 4.1% | 0.17* | 0.17* | 0.17* | 0.17* | - |
| Interest Expenses | 5.9% | 90.00 | 85.00 | 82.00 | 82.00 | 83.00 |
| Net Income | 127.4% | 740 | -2,702 | -2,700 | -351 | 745 |
| Net Income Margin | 127.2% | 0.14* | -0.52* | 0.14* | 0.14* | - |
| Free Cahsflow | -0.5% | 1,394 | 1,401 | 1,401 | 1,433 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 2.8% | 25,537 | 24,839 | 26,043 | 27,850 | 29,768 |
| Cash Equivalents | 8.1% | 93.00 | 86.00 | 172 | 128 | 92.00 |
| Goodwill | 0% | 482 | 482 | 482 | 482 | 482 |
| Liabilities | 0.8% | 20,641 | 20,477 | 20,720 | 20,956 | 21,125 |
| . Short Term Borrowings | 3.3% | 449 | 435 | 495 | 522 | 480 |
| LT Debt, Current | -47.5% | 165 | 315 | 150 | 150 | - |
| LT Debt, Non Current | 0.0% | 1,628 | 1,628 | 1,627 | 1,547 | 1,546 |
| Shareholder's Equity | 12.2% | 4,896 | 4,362 | 5,323 | 6,894 | 8,643 |
| Retained Earnings | -2.5% | 6,466 | 6,633 | 6,470 | 6,316 | 6,182 |
| Additional Paid-In Capital | -2.0% | 530 | 541 | 532 | 523 | 521 |
| Accumulated Depreciation | - | 173 | - | - | - | - |
| Shares Outstanding | -3.7% | 105 | 109 | 109 | 109 | 109 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -0.4% | 1,422 | 1,428 | 1,429 | 1,463 | 1,438 |
| Share Based Compensation | 9.4% | 36.00 | 33.00 | 31.00 | 31.00 | 30.00 |
| Cashflow From Investing | 3.3% | -943 | -974 | -645 | -919 | -913 |
| Cashflow From Financing | -4.0% | -492 | -473 | -753 | -494 | -523 |
| Dividend Payments | 0.2% | 81.00 | 80.00 | 80.00 | 80.00 | 80.00 |
| Buy Backs | -6.0% | 455 | 484 | 509 | 528 | 541 |
Risks for GL
What is the probability of a big loss on GL?
21.9%
Probability that Globe Life stock will be more than 20% underwater in next one year
19.2%
Probability that Globe Life stock will be more than 30% underwater in next one year.
18.5%
Probability that Globe Life stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does GL drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Globe Life was unfortunately bought at previous high price.
Drawdowns
Returns for GL
Cumulative Returns on GL
6.9%
10-Year Cumulative Returns
11.0%
7-Year Cumulative Returns
6.5%
5-Year Cumulative Returns
18.6%
3-Year Cumulative Returns
What are the long-term rolling returns for GL?
FIve years rolling returns for Globe Life.
Annualized Returns
Which funds bought or sold GL recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 18.67 | 140,957 | 468,957 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 13.18 | 13,833,300 | 51,380,300 | 0.06% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -53.07 | -51,737,000 | 67,883,000 | 0.34% |
2023-03-06 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | unchanged | - | 91,420 | 530,420 | 0.20% |
2023-02-28 | Trust Investment Advisors | new | - | 231,697 | 231,697 | 0.22% |
2023-02-28 | Voya Investment Management LLC | added | 2.57 | 773,510 | 3,995,510 | 0.01% |
2023-02-24 | NATIXIS | added | 27.82 | 348,403 | 991,403 | 0.01% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 887,000 | 5,126,000 | 0.05% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | reduced | -15.75 | 5,880 | 341,880 | 0.01% |
2023-02-21 | Empirical Finance, LLC | added | 7.74 | 69,843 | 298,843 | 0.03% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
GL Alerts
Globe Life News
Schedule 13G FIlings of Globe Life
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Feb 10, 2021 | vanguard group inc | 10.49% | 10,976,468 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 6.9% | 7,233,077 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 11.46% | 12,415,825 | SC 13G/A | |
| Feb 05, 2020 | blackrock inc. | 7.6% | 8,201,039 | SC 13G |
GL Fair Value
Globe Life fair value in different scenarios
The table shows the Fair Value estimates for Globe Life for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 50.94 -52.25% | 69.81 -34.57% | 93.53 -12.33% | 114.65 7.46% | 132.57 24.26% |
| Current Inflation | 47.45 -55.53% | 63.67 -40.32% | 83.38 -21.85% | 100.93 -5.40% | 115.79 8.53% |
| Very High Inflation | 43.08 -59.62% | 56.22 -47.31% | 71.43 -33.05% | 85.02 -20.31% | 96.51 -9.54% |
Historical Globe Life Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Globe Life
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 21, 2023 | DEFA14A | DEFA14A | |
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | ARS | ARS | |
| Mar 16, 2023 | ARS/A | ARS/A | |
| Mar 16, 2023 | DEF 14A | DEF 14A | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 06, 2023 | PRE 14A | PRE 14A |
Latest Insider Trading transactions for GL
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-21 | HENRIE MICHAEL SHANE | acquired | 191,256 | 85.9578 | 2,225 | svp & chief accounting officer |
2023-03-21 | HENRIE MICHAEL SHANE | sold | -245,402 | 110 | -2,225 | svp & chief accounting officer |
2023-03-16 | BUCHAN MELISSA JANE | sold | -201,305 | 105 | -1,900 | - |
2023-03-15 | Cho Alice S | acquired | - | - | 1,352 | - |
2023-03-15 | Skarjune Dolores L | acquired | 215,240 | 107 | 2,000 | evp and chief admin. officer |
2023-03-06 | Rodriguez David A | acquired | - | - | 1,205 | - |
2023-03-02 | MITCHELL ROBERT BRIAN | gifted | - | - | 2,990 | evp, general counsel and cro |
2023-03-02 | MITCHELL ROBERT BRIAN | gifted | - | - | -2,990 | evp, general counsel and cro |
2023-03-01 | Kalmbach Thomas Peter | sold | -2,953,620 | 122 | -24,162 | evp & cfo |
2023-03-01 | Darden James Matthew | sold | -1,096,060 | 121 | -9,000 | co-ceo |
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 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.
GL Income Statement
2022-12-31Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenue: | |||
| Revenue | $ 4,302,709 | $ 4,099,887 | $ 3,813,905 |
| Net investment income | 987,499 | 952,447 | 927,062 |
| Realized gains (losses) | (76,548) | 59,319 | (4,371) |
| Other income | 1,246 | 1,216 | 1,325 |
| Total revenue | 5,214,906 | 5,112,869 | 4,737,921 |
| Benefits and expenses: | |||
| Life policyholder benefits | 2,045,730 | 2,071,810 | 1,809,373 |
| Health policyholder benefits | 791,809 | 758,745 | 733,481 |
| Other policyholder benefits | 27,917 | 29,061 | 30,030 |
| Total policyholder benefits | 2,865,456 | 2,859,616 | 2,572,884 |
| Amortization of deferred acquisition costs | 624,407 | 603,838 | 575,770 |
| Commissions, premium taxes, and non-deferred acquisition costs | 374,383 | 331,510 | 304,841 |
| Other operating expense | 353,954 | 322,029 | 301,038 |
| Interest expense | 90,395 | 83,486 | 86,704 |
| Total benefits and expenses | 4,308,595 | 4,200,479 | 3,841,237 |
| Income before income taxes | 906,311 | 912,390 | 896,684 |
| Income tax benefit (expense) | (166,607) | (167,431) | (164,911) |
| Net income | $ 739,704 | $ 744,959 | $ 731,773 |
| Basic net income per common share (in dollars per share) | $ 7.55 | $ 7.30 | $ 6.90 |
| Diluted net income per common share (in dollars per share) | $ 7.47 | $ 7.22 | $ 6.82 |
| Life premium | |||
| Revenue: | |||
| Revenue | $ 3,023,296 | $ 2,898,210 | $ 2,672,804 |
| Health premium | |||
| Revenue: | |||
| Revenue | 1,279,412 | 1,201,676 | 1,141,097 |
| Other premium | |||
| Revenue: | |||
| Revenue | $ 1 | $ 1 | $ 4 |
GL Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Investments: | ||
| Fixed maturities—available for sale, at fair value (amortized cost: 2022—$18,301,692; 2021—$17,805,309, allowance for credit losses: 2022— $0; 2021— $387) | $ 16,503,365 | $ 21,305,287 |
| Policy loans | 614,866 | 589,634 |
| Other long-term investments (includes: 2022—$768,689; 2021—$640,263 under the fair value option) | 976,016 | 793,925 |
| Short-term investments | 114,121 | 69,145 |
| Total investments | 18,208,368 | 22,757,991 |
| Cash | 92,559 | 92,163 |
| Accrued investment income | 259,581 | 251,307 |
| Other receivables | 484,887 | 487,443 |
| Deferred acquisition costs | 5,249,907 | 4,914,728 |
| Goodwill | 481,791 | 481,791 |
| Other assets | 760,066 | 782,625 |
| Total assets | 25,537,159 | 29,768,048 |
| Liabilities: | ||
| Future policy benefits | 16,721,846 | 16,034,727 |
| Unearned and advance premium | 60,742 | 65,472 |
| Policy claims and other benefits payable | 430,027 | 412,940 |
| Other policyholders' funds | 123,362 | 98,935 |
| Total policy liabilities | 17,335,977 | 16,612,074 |
| Current and deferred income taxes | 686,172 | 1,765,021 |
| Short-term debt | 449,103 | 479,644 |
| Long-term debt (estimated fair value: 2022—$1,440,277; 2021—$1,667,009) | 1,627,952 | 1,546,494 |
| Other liabilities | 542,094 | 722,009 |
| Total liabilities | 20,641,298 | 21,125,242 |
| Commitments and Contingencies (Note 6) | ||
| Shareholders' equity: | ||
| Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2022 and 2021 | 0 | 0 |
| Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2022—105,218,183 issued; 2021—109,218,183 issued) | 105,218 | 109,218 |
| Additional paid-in-capital | 529,661 | 520,564 |
| Accumulated other comprehensive income (loss) | (1,415,714) | 2,677,583 |
| Retained earnings | 6,466,220 | 6,182,100 |
| Treasury stock, at cost: (2022—8,478,288 shares; 2021—9,650,845 shares) | (789,524) | (846,659) |
| Total shareholders' equity | 4,895,861 | 8,642,806 |
| Total liabilities and shareholders' equity | $ 25,537,159 | $ 29,768,048 |