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Globe Life Inc Stock Research

GL

106.69USD+0.33(+0.31%)Delayed

Market Summary

USD106.69+0.33
Delayed
0.31%

GL Alerts

GL Stock Price

GL RSI Chart

GL Valuation

Market Cap

11.2B

Price/Earnings (Trailing)

15.18

Price/Sales (Trailing)

2.15

EV/EBITDA

11.17

Price/Free Cashflow

8.05

GL Price/Sales (Trailing)

GL Profitability

EBT Margin

17.38%

Return on Equity

15.11%

Return on Assets

2.9%

Free Cashflow Yield

12.42%

GL Fundamentals

GL Revenue

Revenue (TTM)

5.2B

Revenue Y/Y

1.95%

Revenue Q/Q

2.43%

GL Earnings

Earnings (TTM)

739.7M

Earnings Y/Y

18.89%

Earnings Q/Q

13.27%

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

Debt/Equity

0.36

Debt/Cashflow

0.74

GL Investor Care

Dividend Yield

0.78%

Dividend/Share (TTM)

0.83

Buy Backs (1Y)

3.66%

Diluted EPS (TTM)

7.47

Peers (Alternatives to Globe Life)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
42.3B
69.9B
-23.30% -20.83%
16.68
0.61
-1.66% -61.26%
38.7B
60.0B
-21.12% -32.57%
125.56
0.61
-15.34% -118.62%
38.3B
36.9B
-11.40% -9.04%
13.47
1.04
5.94% -22.39%
24.1B
12.1B
-9.20% 18.91%
40.37
2
1.63% -56.71%
17.0B
7.6B
- -
-9.57
0.74
-71.04% -207.85%
11.2B
5.2B
-11.45% 6.68%
15.18
2.15
2.00% -0.71%
MID-CAP
6.0B
2.7B
-2.33% 23.20%
16.04
2.2
0.38% -0.09%
3.5B
18.8B
-35.95% -67.83%
-1.57
0.19
-2.32% -258.51%
3.0B
1.4B
-13.79% -10.97%
2.45
2.12
-61.63% 157.59%
2.8B
8.5B
-27.13% -20.78%
565.21
0.33
18.64% 104.63%
2.4B
7.5B
-20.83% 27.35%
3.86
0.31
-4.15% -32.63%
SMALL-CAP
116.0M
101.8M
5.64% 57.38%
-6.85
1.14
-19.68% 11.97%
50.7M
192.4M
3.75% -12.01%
16.13
0.26
-8.30% -76.65%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue0.5%5,2155,1905,1765,1555,113
Gross Profit6.7%983921882871853
  S&GA Expenses1.5%308303295284282
EBITDA4.7%997952949997-
EBITDA Margin4.2%0.19*0.18*0.18*0.19*-
Earnings Before Taxes4.6%906866867895912
EBT Margin4.1%0.17*0.17*0.17*0.17*-
Interest Expenses5.9%90.0085.0082.0082.0083.00
Net Income127.4%740-2,702-2,700-351745
Net Income Margin127.2%0.14*-0.52*0.14*0.14*-
Free Cahsflow-0.5%1,3941,4011,4011,433-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.8%25,53724,83926,04327,85029,768
    Cash Equivalents8.1%93.0086.0017212892.00
  Goodwill0%482482482482482
Liabilities0.8%20,64120,47720,72020,95621,125
.    Short Term Borrowings3.3%449435495522480
    LT Debt, Current-47.5%165315150150-
    LT Debt, Non Current0.0%1,6281,6281,6271,5471,546
Shareholder's Equity12.2%4,8964,3625,3236,8948,643
  Retained Earnings-2.5%6,4666,6336,4706,3166,182
  Additional Paid-In Capital-2.0%530541532523521
Accumulated Depreciation-173----
Shares Outstanding-3.7%105109109109109
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-0.4%1,4221,4281,4291,4631,438
  Share Based Compensation9.4%36.0033.0031.0031.0030.00
Cashflow From Investing3.3%-943-974-645-919-913
Cashflow From Financing-4.0%-492-473-753-494-523
  Dividend Payments0.2%81.0080.0080.0080.0080.00
  Buy Backs-6.0%455484509528541

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 ascendingFund NameType% 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%

1–10 of 49

Latest Funds Activity

Are funds buying GL calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own GL
No. of Funds

Globe Life News

Defense World

Sumitomo Life Insurance Co. Decreases Stake in Globe Life Inc ....

Defense World,
6 hours ago

Investor's Business Daily

Marketscreener.com

Nasdaq

Schedule 13G FIlings of Globe Life

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Larry M. Hutchison
3220
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

2022-12-31
Consolidated 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 income987,499952,447927,062
Realized gains (losses)(76,548)59,319(4,371)
Other income1,2461,2161,325
Total revenue5,214,9065,112,8694,737,921
Benefits and expenses:   
Life policyholder benefits2,045,7302,071,8101,809,373
Health policyholder benefits791,809758,745733,481
Other policyholder benefits27,91729,06130,030
Total policyholder benefits2,865,4562,859,6162,572,884
Amortization of deferred acquisition costs624,407603,838575,770
Commissions, premium taxes, and non-deferred acquisition costs374,383331,510304,841
Other operating expense353,954322,029301,038
Interest expense90,39583,48686,704
Total benefits and expenses4,308,5954,200,4793,841,237
Income before income taxes906,311912,390896,684
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:   
Revenue1,279,4121,201,6761,141,097
Other premium   
Revenue:   
Revenue$ 1$ 1$ 4

GL Balance Sheet

2022-12-31
Consolidated 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 loans614,866589,634
Other long-term investments (includes: 2022—$768,689; 2021—$640,263 under the fair value option)976,016793,925
Short-term investments114,12169,145
Total investments18,208,36822,757,991
Cash92,55992,163
Accrued investment income259,581251,307
Other receivables484,887487,443
Deferred acquisition costs5,249,9074,914,728
Goodwill481,791481,791
Other assets760,066782,625
Total assets25,537,15929,768,048
Liabilities:  
Future policy benefits16,721,84616,034,727
Unearned and advance premium60,74265,472
Policy claims and other benefits payable430,027412,940
Other policyholders' funds123,36298,935
Total policy liabilities17,335,97716,612,074
Current and deferred income taxes686,1721,765,021
Short-term debt449,103479,644
Long-term debt (estimated fair value: 2022—$1,440,277; 2021—$1,667,009)1,627,9521,546,494
Other liabilities542,094722,009
Total liabilities20,641,29821,125,242
Commitments and Contingencies (Note 6)
Shareholders' equity:  
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2022 and 202100
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2022—105,218,183 issued; 2021—109,218,183 issued)105,218109,218
Additional paid-in-capital529,661520,564
Accumulated other comprehensive income (loss)(1,415,714)2,677,583
Retained earnings6,466,2206,182,100
Treasury stock, at cost: (2022—8,478,288 shares; 2021—9,650,845 shares)(789,524)(846,659)
Total shareholders' equity4,895,8618,642,806
Total liabilities and shareholders' equity$ 25,537,159$ 29,768,048