Market Summary
USD107.98-0.53
Delayedas of 03 Oct 2023, 03:12 pm-0.49%
GL Alerts
GL Stock Price
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GL Price/Sales (Trailing)
GL Profitability
GL Fundamentals
GL Revenue
GL Earnings
Price Action
52 Week Range
102.23123.85
(Low)(High)
Last 7 days
-2.3%
Last 30 days
-2.6%
Last 90 days
-1.6%
Trailing 12 Months
8.8%
GL Financial Health
GL Investor Care
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Net sales
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Latest Insider Trading transactions for GL
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-12 | HENRIE MICHAEL SHANE | sold | -275,926 | 110 | -2,500 | svp & chief accounting officer |
2023-09-12 | HENRIE MICHAEL SHANE | acquired | 245,800 | 98.32 | 2,500 | svp & chief accounting officer |
2023-08-30 | MITCHELL ROBERT BRIAN | sold | -1,815,770 | 111 | -16,217 | evp, general counsel and cro |
2023-08-29 | HENRIE MICHAEL SHANE | sold | -147,335 | 111 | -1,325 | svp & chief accounting officer |
2023-08-29 | HENRIE MICHAEL SHANE | acquired | 123,954 | 93.5502 | 1,325 | svp & chief accounting officer |
2023-08-16 | SVOBODA FRANK M | acquired | 965,750 | 77.26 | 12,500 | co-chairman & ceo |
2023-08-16 | SVOBODA FRANK M | sold | -1,419,570 | 113 | -12,500 | co-chairman & ceo |
2023-07-31 | HENRIE MICHAEL SHANE | acquired | 87,600 | 87.6 | 1,000 | svp & chief accounting officer |
Which funds bought or sold GL recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-26 | BROOKFIELD Corp /ON/ | new | - | 15,691,300 | 15,691,300 | 0.06% |
2023-09-20 | BARCLAYS PLC | added | 5.53 | 918,000 | 18,825,000 | 0.01% |
2023-09-19 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | unchanged | - | -1,760 | 482,328 | 0.20% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -3.39 | -1,214 | 31,242 | 0.01% |
2023-08-30 | Narus Financial Partners, LLC | new | - | 215,530 | 215,530 | 0.11% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | -76.00 | 20,828 | -% |
2023-08-22 | US Asset Management LLC | reduced | -2.68 | -31,000 | 1,004,000 | 1.06% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -3,075,060 | - | -% |
2023-08-22 | COMERICA BANK | new | - | 22,000 | 22,000 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -4.17 | -757,750 | 16,022,000 | 0.02% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
GL Alerts
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 |
Recent SEC filings of Globe Life
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 13, 2023 | 4 | Insider Trading | |
| Aug 31, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 30, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 4/A | Insider Trading | |
| Aug 28, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 28, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 15, 2023 | 8-K | Current Report | |
| Aug 08, 2023 | 10-Q | Quarterly Report |
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 | 46.7B | 70.6B | -4.06% | 2.19% | 20.99 | 0.66 | 4.01% | -58.32% |
PRU | 38.7B | 64.4B | -2.82% | 10.09% | 125.56 | 0.61 | 4.97% | -6.22% |
TRV | 37.1B | 38.7B | -0.02% | 7.01% | 16.63 | 0.96 | 8.33% | -37.32% |
RE | 25.2B | 13.3B | 0.67% | 24.34% | 20.79 | 1.9 | 12.64% | 55.58% |
GL | 11.4B | 5.3B | -2.64% | 8.84% | 17.13 | 2.17 | 1.78% | -46.10% |
ATH | - | 22.8B | - | - | - | - | 34.59% | 179.04% |
| MID-CAP | ||||||||
PRI | 6.9B | 2.7B | -6.53% | 55.40% | 15.11 | 2.5 | -1.39% | 16.12% |
AEL | 4.2B | 2.7B | -0.76% | 44.09% | 3.48 | 1.56 | 38.34% | -32.53% |
LNC | 4.1B | 15.3B | -7.63% | -42.32% | -3.08 | 0.27 | -26.53% | -139.84% |
BHF | 3.2B | 1.9B | -6.22% | 10.48% | 1.99 | 1.68 | -77.15% | -71.29% |
GNW | 2.8B | 7.5B | 1.71% | 69.71% | 5.16 | 0.37 | -1.40% | -38.58% |
| SMALL-CAP | ||||||||
VERY | 84.8M | 171.0M | 9.62% | -24.00% | -6.86 | 0.5 | -0.92% | 29.17% |
AAME | 39.0M | 187.0M | -3.54% | -33.22% | 59.04 | 0.21 | -4.23% | -77.34% |
Globe Life News
Returns for GL
Cumulative Returns on GL
4.9%
10-Year Cumulative Returns
8.6%
7-Year Cumulative Returns
5.2%
5-Year Cumulative Returns
10.9%
3-Year Cumulative Returns
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
Financials for Globe Life
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 0.7% | 5,262 | 5,227 | 5,215 | 5,183 | 5,170 | 5,149 | 5,113 | 5,044 | 4,962 | 4,871 | 4,738 | 4,646 | 4,592 | 4,541 | 4,528 | 4,456 | 4,398 | 4,353 | 4,304 | 4,296 | 4,258 |
| Gross Profit | 0.3% | 1,142 | 1,139 | 983 | 1,073 | 1,034 | 964 | 853 | 873 | 882 | 863 | 901 | 901 | 906 | 913 | 911 | 906 | 890 | 881 | 865 | 844 | 833 |
| S&GA Expenses | -1.0% | 306 | 309 | 308 | 303 | 295 | 284 | 282 | 270 | 265 | 259 | 255 | 256 | 253 | 256 | 249 | 242 | 241 | 232 | 228 | 225 | 218 |
| EBITDA | -100.0% | - | 1,074 | 997 | 952 | 949 | 997 | 1,016 | - | - | 1,000 | 983 | 960 | 975 | 990 | 1,016 | 995 | 970 | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.21* | 0.19* | 0.18* | 0.18* | 0.19* | 0.20* | - | - | 0.21* | 0.21* | 0.21* | 0.21* | 0.22* | 0.22* | 0.22* | 0.22* | - | - | - | - |
| Interest Expenses | 4.2% | 99.00 | 95.00 | 90.00 | 85.00 | 82.00 | 82.00 | 83.00 | 85.00 | 86.00 | 87.00 | 87.00 | 86.00 | 85.00 | 84.00 | 84.00 | 87.00 | 89.00 | 90.00 | 90.00 | 88.00 | 87.00 |
| Earnings Before Taxes | -1.2% | 1,026 | 1,038 | 906 | 1,018 | 1,019 | 988 | 912 | 945 | 946 | 913 | 897 | 874 | 890 | 906 | 931 | 908 | 881 | 879 | 864 | 876 | 877 |
| EBT Margin | -100.0% | - | 0.19* | 0.17* | 0.17* | 0.17* | 0.17* | 0.18* | 0.19* | 0.19* | 0.19* | 0.19* | 0.19* | 0.19* | 0.20* | 0.21* | - | - | - | - | - | - |
| Net Income | -1.3% | 666 | 675 | 740 | 1,234 | 1,236 | 1,938 | 745 | 492 | 492 | 906 | 1,119 | 1,102 | 1,115 | -37.60 | 761 | 738 | 715 | 713 | 701 | 1,564 | 1,539 |
| Net Income Margin | 100.0% | - | -0.15* | 0.14* | -0.52* | 0.14* | 0.14* | 0.15* | 0.15* | 0.16* | 0.15* | 0.15* | 0.15* | 0.16* | 0.16* | 0.17* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,473 | 1,394 | 1,401 | 1,401 | 1,433 | 1,399 | 1,414 | 1,364 | 1,457 | 1,435 | 1,371 | 1,406 | 1,240 | 1,322 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.6% | 26,708 | 26,860 | 25,927 | 24,839 | 26,043 | 27,850 | 29,768 | 29,497 | 29,580 | 28,113 | 29,047 | 28,042 | 27,534 | 25,352 | 25,977 | 25,792 | 24,855 | 24,133 | 23,096 | 23,469 | 22,879 |
| Cash Equivalents | -56.4% | 75.00 | 172 | 93.00 | 86.00 | 172 | 128 | 92.00 | 96.00 | 138 | 82.00 | 95.00 | 80.00 | 114 | 90.00 | 76.00 | 67.00 | 89.00 | 67.00 | 121 | 77.00 | 82.00 |
| Goodwill | 0% | 482 | 482 | 482 | 482 | 482 | 482 | 482 | 482 | 442 | 442 | 442 | 442 | 442 | 442 | 442 | 442 | 442 | 442 | 442 | 442 | 442 |
| Liabilities | -1.2% | 22,728 | 23,014 | 21,978 | 20,477 | 20,720 | 20,956 | 21,125 | 20,888 | 20,963 | 20,281 | 20,276 | 19,817 | 19,686 | 18,832 | 18,683 | 18,479 | 18,155 | 18,090 | 17,681 | 17,931 | 17,307 |
| Short Term Borrowings | -49.8% | 258 | 514 | 449 | 435 | 495 | 522 | 480 | 394 | 260 | 275 | 255 | 280 | 831 | 458 | 299 | 233 | 257 | 294 | 308 | 615 | 672 |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,467 | 1,446 | 1,356 | 1,384 | 1,359 | 817 |
| LT Debt, Non Current | 10.4% | 1,798 | 1,628 | 1,628 | 1,628 | 1,627 | 1,547 | 1,546 | 1,546 | 1,986 | 1,668 | 1,668 | 1,668 | 1,272 | 1,347 | 1,349 | 1,351 | 1,353 | - | 1,357 | - | - |
| Shareholder's Equity | 3.5% | 3,980 | 3,846 | 3,950 | 4,362 | 3,220 | 2,544 | 2,004 | 8,608 | 8,617 | 7,832 | 8,771 | 8,225 | 7,848 | 6,520 | 7,294 | 7,313 | 6,700 | 6,043 | 5,415 | 5,539 | 5,572 |
| Retained Earnings | 2.7% | 7,286 | 7,093 | 6,895 | 6,633 | 6,470 | 6,316 | 6,182 | 6,353 | 6,186 | 6,021 | 5,874 | 6,002 | 5,839 | 5,686 | 5,551 | 5,687 | 5,515 | 5,365 | 5,213 | 5,268 | 5,115 |
| Additional Paid-In Capital | 1.4% | 536 | 529 | 530 | 541 | 532 | 523 | 521 | 534 | 525 | 516 | 527 | 537 | 528 | 519 | 532 | 538 | 527 | 519 | 524 | 527 | 517 |
| Shares Outstanding | 0% | 105 | 105 | 105 | 109 | 109 | 109 | 109 | 113 | 113 | 113 | 113 | 117 | 117 | 117 | 117 | 121 | 121 | 121 | 121 | - | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 2.0% | 1,533 | 1,502 | 1,422 | 1,428 | 1,429 | 1,463 | 1,438 | 1,458 | 1,409 | 1,505 | 1,476 | 1,412 | 1,447 | 1,284 | 1,364 | 1,371 | 1,348 | 1,319 | 1,278 | 1,281 | 1,307 |
| Share Based Compensation | -2.8% | 33.00 | 34.00 | 36.00 | 33.00 | 31.00 | 31.00 | 30.00 | 34.00 | 34.00 | 34.00 | 36.00 | 38.00 | 41.00 | 44.00 | 45.00 | 43.00 | 42.00 | 41.00 | 40.00 | 42.00 | 40.00 |
| Cashflow From Investing | -3.3% | -945 | -915 | -943 | -974 | -645 | -919 | -913 | -818 | -896 | -1,139 | -1,181 | -1,233 | -1,413 | -815 | -809 | -374 | -843 | -888 | -896 | -1,283 | -829 |
| Cashflow From Financing | -23.6% | -691 | -559 | -492 | -473 | -753 | -494 | -523 | -615 | -473 | -356 | -274 | -168 | -12.33 | -452 | -590 | -1,009 | -496 | -457 | -391 | -8.79 | -490 |
| Dividend Payments | 1.2% | 82.00 | 81.00 | 81.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 79.00 | 78.00 | 77.00 | 76.00 | 75.00 | 74.00 | 73.00 | 73.00 | 72.00 | 71.00 | 71.00 | 70.00 |
| Buy Backs | -10.5% | 460 | 514 | 455 | 484 | 509 | 528 | 541 | 541 | 573 | 410 | 444 | 422 | 396 | 515 | 460 | 458 | 445 | 423 | 422 | 410 | 416 |
GL Income Statement
2023-06-30Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||||
| Revenue: | ||||||||
| Revenue | $ 1,110,920 | $ 1,077,199 | $ 2,206,010 | $ 2,142,011 | ||||
| Net investment income | 261,244 | 244,712 | 518,349 | 489,606 | ||||
| Realized gains (losses) | (45,843) | (30,446) | (76,770) | (37,690) | ||||
| Other income | 85 | 299 | 135 | 463 | ||||
| Total revenue | 1,326,406 | 1,291,764 | 2,647,724 | 2,594,390 | ||||
| Benefits and expenses: | ||||||||
| Life policyholder benefits | [1] | 512,664 | 492,364 | 1,020,641 | 987,793 | |||
| Health policyholder benefits | [2] | 195,924 | 190,075 | 386,886 | 379,093 | |||
| Other policyholder benefits | 8,922 | 8,992 | 17,910 | 18,694 | ||||
| Total policyholder benefits | 717,510 | 691,431 | 1,425,437 | 1,385,580 | ||||
| Amortization of deferred acquisition costs | 94,080 | 86,185 | 186,402 | 170,681 | ||||
| Commissions, premium taxes, and non-deferred acquisition costs | 138,459 | 126,213 | 276,256 | 251,722 | ||||
| Other operating expense | 86,033 | 89,658 | 170,204 | 174,010 | ||||
| Interest expense | 25,818 | 21,828 | 50,685 | 41,772 | ||||
| Total benefits and expenses | 1,061,900 | 1,015,315 | 2,108,984 | 2,023,765 | ||||
| Income before income taxes | 264,506 | 276,449 | 538,740 | 570,625 | ||||
| Income tax benefit (expense) | (49,246) | (52,476) | (99,870) | (109,168) | ||||
| Net income | $ 215,260 | $ 223,973 | $ 438,870 | $ 461,457 | ||||
| Basic net income per common share (in dollars per share) | $ 2.26 | $ 2.28 | $ 4.58 | $ 4.67 | ||||
| Diluted net income per common share (in dollars per share) | $ 2.24 | $ 2.26 | $ 4.52 | $ 4.63 | ||||
| Life premium | ||||||||
| Revenue: | ||||||||
| Revenue | $ 781,733 | $ 756,892 | $ 1,554,330 | $ 1,506,020 | ||||
| Health premium | ||||||||
| Revenue: | ||||||||
| Revenue | 329,187 | 320,307 | 651,680 | 635,991 | ||||
| Other | ||||||||
| Revenue: | ||||||||
| Revenue | $ 0 | $ 0 | $ 0 | $ 0 | ||||
| ||||||||
GL Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Investments: | ||
| Fixed maturities—available for sale, at fair value (amortized cost: 2023—$18,687,479; 2022—$18,301,692, allowance for credit losses: 2023— $72,508; 2022— $0) | $ 17,033,450 | $ 16,503,365 |
| Policy loans | 633,558 | 614,866 |
| Other long-term investments (includes: 2023—$759,157; 2022—$768,689 under the fair value option) | 1,010,136 | 976,016 |
| Short-term investments | 71,128 | 114,121 |
| Total investments | 18,748,272 | 18,208,368 |
| Cash | 75,011 | 92,559 |
| Accrued investment income | 267,776 | 259,581 |
| Other receivables | 601,787 | 589,079 |
| Deferred acquisition costs | 5,778,732 | 5,535,697 |
| Goodwill | 481,791 | 481,791 |
| Other assets | 754,589 | 760,066 |
| Total assets | 26,707,958 | 25,927,141 |
| Liabilities: | ||
| Future policy benefits at current discount rates: (at original rates: 2023—$16,598,663; 2022—$16,306,870) | 18,746,514 | 18,040,042 |
| Unearned and advance premium | 266,710 | 253,140 |
| Policy claims and other benefits payable | 510,929 | 507,219 |
| Other policyholders' funds | 187,873 | 123,236 |
| Total policy liabilities | 19,712,026 | 18,923,637 |
| Current and deferred income taxes | 404,480 | 434,649 |
| Short-term debt | 258,232 | 449,103 |
| Long-term debt (estimated fair value: 2023—$1,633,248; 2022—$1,440,277) | 1,798,117 | 1,627,952 |
| Other liabilities | 554,797 | 542,223 |
| Total liabilities | 22,727,652 | 21,977,564 |
| Commitments and Contingencies (Note 5) | ||
| Shareholders' equity: | ||
| Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2023 and 2022 | 0 | 0 |
| Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2023—105,218,183 issued; 2022—105,218,183 issued) | 105,218 | 105,218 |
| Additional paid-in-capital | 536,126 | 529,661 |
| Accumulated other comprehensive income (loss) | (2,943,897) | (2,790,313) |
| Retained earnings | 7,285,809 | 6,894,535 |
| Treasury stock, at cost: (2023—10,225,970 shares; 2022—8,478,288 shares) | (1,002,950) | (789,524) |
| Total shareholders' equity | 3,980,306 | 3,949,577 |
| Total liabilities and shareholders' equity | $ 26,707,958 | $ 25,927,141 |
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.