Grufity logoGrufity logo

GL

121.14USD+0.73(+0.61%)Delayed

Globe Life Inc

Market Summary

USD121.14+0.73Delayed
0.61%

GL Alerts

GL Stock Price

RSI Chart

Valuation

Market Cap

11.1B

Price/Earnings

15.65

Price/Sales

2.14

Price/Cashflow

7.75

MarketCap/EBT

12.78

Price/Sales

Profitability

EBT Margin

16.75%

Return on Equity

13.3%

Return on Assets

2.72%

Fundamentals

Revenue

Revenue (TTM)

5.2B

Revenue Y/Y

1.05%

Revenue Q/Q

-0.1%

Earnings

Earnings (TTM)

706.1M

Earnings Y/Y

-1.11%

Earnings Q/Q

5.52%

Price Action

52 Week Range

120.96
(Low)(High)

Last 7 days

3.3%

Last 30 days

7.9%

Last 90 days

25.2%

Trailing 12 Months

37.1%

Financial Health

Debt/Equity

0.36

Debt/Cashflow

0.74

Investor Care

Dividend Yield

0.72%

Dividend/Share (TTM)

0.83

Buy Backs (1Y)

3.67%

Diluted EPS (TTM)

7.09

Peers (Alternatives to Globe Life)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
58.3B
68.3B
5.25% 33.46%
16.25
0.85
-1.74% -22.45%
42.6B
36.3B
3.97% 29.03%
12.71
1.18
6.01% -7.78%
39.2B
64.3B
3.43% 8.93%
18.28
0.61
-0.03% -70.63%
17.0B
14.5B
- -
-9.57
0.74
-48.49% -188.38%
12.7B
11.8B
4.13% 29.32%
16.3
1.08
5.22% -41.47%
11.1B
5.2B
7.91% 37.09%
15.65
2.14
2.88% -8.45%
MID-CAP
9.2B
19.6B
-25.49% -39.55%
10.45
0.47
3.99% -37.50%
5.4B
2.8B
3.69% 0.46%
15.91
1.93
6.71% -37.06%
4.1B
10.0B
-2.38% 11.67%
1.98
0.37
90.89% 183.87%
3.7B
1.9B
3.21% 21.35%
3.19
1.95
-48.19% 255.73%
2.4B
7.6B
8.21% 29.47%
2.94
0.31
-11.94% -27.43%
SMALL-CAP
836.6M
-
0.42% 39.44%
7.97
2.79
- -
102.2M
170.4M
-2.17% -20.99%
-5.86
0.59
2.35% 11.97%
61.0M
192.4M
-3.67% -24.94%
20.94
0.31
-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)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue0.3%5,1905,1765,1555,1135,044
Gross Profit4.4%921882871853873
  S&GA Expenses2.9%303295284282270
Earnings Before Taxes-0.1%866867895912945
Net Income-0.3%706708731745771
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-4.6%24,83926,04327,85029,76829,497
    Cash Equivalents-50.3%861721289296
  Goodwill0%482482482482482
Liabilities-1.2%20,47720,72020,95621,12520,888
.    Short Term Borrowings-12.2%435495522480394
  Long Term Debt-7.7%1,7931,9421,6971,6961,546
    LT Debt, Current-47.5%165315150150150
    LT Debt, Non Current0.0%1,6281,6271,5471,5461,546
Shareholder's Equity-18.1%4,3625,3236,8948,6438,608
  Retained Earnings2.5%6,6336,4706,3166,1826,353
  Additional Paid-In Capital1.7%541532523521534
Accumulated Depreciation-173----
Shares Outstanding0%109109109109113
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-0.1%1,4281,4291,4631,4381,458
  Share Based Compensation4.3%3331313034
Cashflow From Investing-50.9%-974.96-645.90-919.01-913.37-818.53
Cashflow From Financing37.2%-473.39-753.61-494.99-523.60-615.07
  Dividend Payments0.1%8080808080
  Buy Backs-5.1%484509528541541

Risks

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.

Returns

Cumulative Returns on GL

9.8%


10-Year Cumulative Returns

11.2%


7-Year Cumulative Returns

7.3%


5-Year Cumulative Returns

7.2%


3-Year Cumulative Returns

What are the long-term rolling returns for GL?

FIve years rolling returns for Globe Life.

Which funds bought or sold GL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Aurora Investment Counsel
SOLD OFF
-100
-2,742,000
-
-%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
25
1,000
-%
2022-11-22
B. Riley Wealth Advisors, Inc.
REDUCED
-5.29
-11,000
328,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
4,239,000
4,239,000
0.05%
2022-11-21
FourThought Financial, LLC
-
-
-2,000
38,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
47,000
15,122,000
0.03%
2022-11-18
Industrial Alliance Investment Management Inc.
UNCHANGED
-
13,000
592,000
0.02%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
1,000
66,000
-%
2022-11-17
M&T Bank Corp
-
-
18,000
1,231,000
-%
2022-11-16
Retirement Systems of Alabama
SOLD OFF
-100
-2,931,000
-
-%

1–10 of 47

Latest Funds Activity

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

Globe Life News

MarketWatch

Globe Life Inc. stock outperforms market on strong trading day.22 hours ago

GuruFocus.com

GL Fair Value

Recent SEC filings of Globe Life

View All Filings
Date Filed Form Type Document
Nov 29, 2022
4
Insider Trading
Nov 29, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 21, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 10, 2022
4/A
Insider Trading
Nov 09, 2022
4
Insider Trading
Nov 08, 2022
4
Insider Trading
Nov 08, 2022
10-Q
Quarterly Report
Nov 07, 2022
4
Insider Trading

Latest Insider Trading transactions for GL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-30
COLEMAN GARY L
ACQUIRED
658,320
50.64
13,000
Co-Chairman & CEO
2022-11-30
COLEMAN GARY L
SOLD
-1,524,410
117.262
-13,000
Co-Chairman & CEO
2022-11-30
HUTCHISON LARRY M
ACQUIRED
658,320
50.64
13,000
Co-Chaiman & CEO
2022-11-30
HUTCHISON LARRY M
SOLD
-1,524,500
117.269
-13,000
Co-Chaiman & CEO
2022-11-29
BUCHAN MELISSA JANE
GIFTED
-
-
-430
-
2022-11-28
Harvey Jason A
ACQUIRED
657,000
87.6
7,500
-
2022-11-28
Harvey Jason A
SOLD
-876,700
116.893
-7,500
-
2022-11-22
Rogers John Henry JR
SOLD
-1,311,540
116.066
-11,300
-
2022-11-22
Rogers John Henry JR
ACQUIRED
910,138
80.5432
11,300
-
2022-11-18
DICHIARO STEVEN JOHN
SOLD
-1,136,070
113.607
-10,000
-

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

2022-09-30
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:    
Revenue$ 1,074,405$ 1,028,067$ 3,225,120$ 3,054,116
Net investment income245,625238,975733,101713,103
Realized gains (losses)(29,155)10,475(66,845)47,286
Other income3983218611,004
Total revenue1,291,2731,277,8383,892,2373,815,509
Benefits and expenses:    
Life policyholder benefits494,627516,1961,555,0041,532,298
Health policyholder benefits198,415187,906592,488564,589
Other policyholder benefits6,9867,30321,11021,848
Total policyholder benefits700,028711,4052,168,6022,118,735
Amortization of deferred acquisition costs156,129151,593469,718452,607
Commissions, premium taxes, and non-deferred acquisition costs93,02882,774277,436244,752
Other operating expense88,14080,385262,150240,750
Interest expense23,96520,88665,73763,833
Total benefits and expenses1,061,2901,047,0433,243,6433,120,677
Income before income taxes229,983230,795648,594694,832
Income tax benefit (expense)(43,204)(41,924)(120,450)(127,826)
Net income$ 186,779$ 188,871$ 528,144$ 567,006
Basic net income per common share (in dollars per share)$ 1.92$ 1.86$ 5.38$ 5.53
Diluted net income per common share (in dollars per share)$ 1.90$ 1.84$ 5.33$ 5.46
Life premium    
Revenue:    
Revenue$ 755,115$ 728,924$ 2,269,641$ 2,165,213
Health premium    
Revenue:    
Revenue319,289299,143955,478888,902
Other premium    
Revenue:    
Revenue$ 1$ 0$ 1$ 1

GL Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Investments:  
Fixed maturities—available for sale, at fair value (amortized cost: 2022—$18,173,471; 2021—$17,805,309, allowance for credit losses: 2022— $0; 2021— $387)$ 16,005,140$ 21,305,287
Policy loans605,426589,634
Other long-term investments (includes: 2022—$748,219; 2021—$640,263 under the fair value option)907,390793,925
Short-term investments85,77369,145
Total investments17,603,72922,757,991
Cash85,58692,163
Accrued investment income269,212251,307
Other receivables475,363487,443
Deferred acquisition costs5,162,1724,914,728
Goodwill481,791481,791
Other assets760,935782,625
Total assets24,838,78829,768,048
Liabilities:  
Future policy benefits16,556,82716,034,727
Unearned and advance premium64,22365,472
Policy claims and other benefits payable417,739412,940
Other policyholders' funds103,16198,935
Total policy liabilities17,141,95016,612,074
Current and deferred income taxes568,2821,765,021
Short-term debt434,737479,644
Long-term debt (estimated fair value: 2022—$1,445,523; 2021—$1,667,009)1,627,5471,546,494
Other liabilities704,674722,009
Total liabilities20,477,19021,125,242
Commitments and Contingencies (Note 5)
Shareholders' equity:  
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2022 and 202100
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2022—109,218,183 issued; 2021—109,218,183 issued)109,218109,218
Additional paid-in-capital540,636520,564
Accumulated other comprehensive income (loss)(1,811,549)2,677,583
Retained earnings6,633,3696,182,100
Treasury stock, at cost: (2022—12,225,433 shares; 2021—9,650,845 shares)(1,110,076)(846,659)
Total shareholders' equity4,361,5988,642,806
Total liabilities and shareholders' equity$ 24,838,788$ 29,768,048