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Globe Life Inc Stock Research

GL

107.98USD-0.53(-0.49%)Delayedas of 03 Oct 2023, 03:12 pm
Watchlist

Market Summary

USD107.98-0.53
Delayedas of 03 Oct 2023, 03:12 pm
-0.49%

GL Alerts

  • 3 major insider sales recently.

GL Stock Price

GL RSI Chart

GL Valuation

Market Cap

11.4B

Price/Earnings (Trailing)

17.13

Price/Sales (Trailing)

2.17

EV/EBITDA

10.08

Price/Free Cashflow

7.65

GL Price/Sales (Trailing)

GL Profitability

EBT Margin

18.73%

Return on Equity

-20.85%

Return on Assets

-2.99%

Free Cashflow Yield

13.08%

GL Fundamentals

GL Revenue

Revenue (TTM)

5.3B

Revenue Y/Y

2.68%

Revenue Q/Q

0.39%

GL Earnings

Earnings (TTM)

666.4M

Earnings Y/Y

-3.89%

Earnings Q/Q

307.46%

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

Dividend Yield

0.81%

Dividend/Share (TTM)

0.88

Buy Backs (1Y)

3.66%

Diluted EPS (TTM)

8.56

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for GL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold GL recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 50

Latest Funds Activity

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

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

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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
46.7B
70.6B
-4.06% 2.19%
20.99
0.66
4.01% -58.32%
38.7B
64.4B
-2.82% 10.09%
125.56
0.61
4.97% -6.22%
37.1B
38.7B
-0.02% 7.01%
16.63
0.96
8.33% -37.32%
25.2B
13.3B
0.67% 24.34%
20.79
1.9
12.64% 55.58%
11.4B
5.3B
-2.64% 8.84%
17.13
2.17
1.78% -46.10%
-
22.8B
- -
-
-
34.59% 179.04%
MID-CAP
6.9B
2.7B
-6.53% 55.40%
15.11
2.5
-1.39% 16.12%
4.2B
2.7B
-0.76% 44.09%
3.48
1.56
38.34% -32.53%
4.1B
15.3B
-7.63% -42.32%
-3.08
0.27
-26.53% -139.84%
3.2B
1.9B
-6.22% 10.48%
1.99
1.68
-77.15% -71.29%
2.8B
7.5B
1.71% 69.71%
5.16
0.37
-1.40% -38.58%
SMALL-CAP
84.8M
171.0M
9.62% -24.00%
-6.86
0.5
-0.92% 29.17%
39.0M
187.0M
-3.54% -33.22%
59.04
0.21
-4.23% -77.34%

Globe Life News

Nasdaq
Ex-Dividend Reminder: JPMorgan Chase, Toronto Dominion Bank ....
Nasdaq,
4 hours ago
Insider Monkey
InvestorsObserver
PR Newswire
GLOBE LIFE INC. DECLARES DIVIDEND.
PR Newswire,
21 days ago
The Motley Fool
Top Stocks Warren Buffett Owns.
The Motley Fool,
21 days ago

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)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue0.7%5,2625,2275,2155,1835,1705,1495,1135,0444,9624,8714,7384,6464,5924,5414,5284,4564,3984,3534,3044,2964,258
Gross Profit0.3%1,1421,1399831,0731,034964853873882863901901906913911906890881865844833
  S&GA Expenses-1.0%306309308303295284282270265259255256253256249242241232228225218
EBITDA-100.0%-1,0749979529499971,016--1,0009839609759901,016995970----
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 Expenses4.2%99.0095.0090.0085.0082.0082.0083.0085.0086.0087.0087.0086.0085.0084.0084.0087.0089.0090.0090.0088.0087.00
Earnings Before Taxes-1.2%1,0261,0389061,0181,019988912945946913897874890906931908881879864876877
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%6666757401,2341,2361,9387454924929061,1191,1021,115-37.607617387157137011,5641,539
Net Income Margin100.0%--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%-1,4731,3941,4011,4011,4331,3991,4141,3641,4571,4351,3711,4061,2401,322------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-0.6%26,70826,86025,92724,83926,04327,85029,76829,49729,58028,11329,04728,04227,53425,35225,97725,79224,85524,13323,09623,46922,879
    Cash Equivalents-56.4%75.0017293.0086.0017212892.0096.0013882.0095.0080.0011490.0076.0067.0089.0067.0012177.0082.00
  Goodwill0%482482482482482482482482442442442442442442442442442442442442442
Liabilities-1.2%22,72823,01421,97820,47720,72020,95621,12520,88820,96320,28120,27619,81719,68618,83218,68318,47918,15518,09017,68117,93117,307
  Short Term Borrowings-49.8%258514449435495522480394260275255280831458299233257294308615672
  Long Term Debt----------------1,4671,4461,3561,3841,359817
    LT Debt, Non Current10.4%1,7981,6281,6281,6281,6271,5471,5461,5461,9861,6681,6681,6681,2721,3471,3491,3511,353-1,357--
Shareholder's Equity3.5%3,9803,8463,9504,3623,2202,5442,0048,6088,6177,8328,7718,2257,8486,5207,2947,3136,7006,0435,4155,5395,572
  Retained Earnings2.7%7,2867,0936,8956,6336,4706,3166,1826,3536,1866,0215,8746,0025,8395,6865,5515,6875,5155,3655,2135,2685,115
  Additional Paid-In Capital1.4%536529530541532523521534525516527537528519532538527519524527517
Shares Outstanding0%105105105109109109109113113113113117117117117121121121121--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations2.0%1,5331,5021,4221,4281,4291,4631,4381,4581,4091,5051,4761,4121,4471,2841,3641,3711,3481,3191,2781,2811,307
  Share Based Compensation-2.8%33.0034.0036.0033.0031.0031.0030.0034.0034.0034.0036.0038.0041.0044.0045.0043.0042.0041.0040.0042.0040.00
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 Payments1.2%82.0081.0081.0080.0080.0080.0080.0080.0080.0079.0078.0077.0076.0075.0074.0073.0073.0072.0071.0071.0070.00
  Buy Backs-10.5%460514455484509528541541573410444422396515460458445423422410416

GL Income Statement

2023-06-30
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended6 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 income261,244244,712518,349489,606
Realized gains (losses)(45,843)(30,446)(76,770)(37,690)
Other income85299135463
Total revenue1,326,4061,291,7642,647,7242,594,390
Benefits and expenses:    
Life policyholder benefits[1]512,664492,3641,020,641987,793
Health policyholder benefits[2]195,924190,075386,886379,093
Other policyholder benefits8,9228,99217,91018,694
Total policyholder benefits717,510691,4311,425,4371,385,580
Amortization of deferred acquisition costs94,08086,185186,402170,681
Commissions, premium taxes, and non-deferred acquisition costs138,459126,213276,256251,722
Other operating expense86,03389,658170,204174,010
Interest expense25,81821,82850,68541,772
Total benefits and expenses1,061,9001,015,3152,108,9842,023,765
Income before income taxes264,506276,449538,740570,625
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:    
Revenue329,187320,307651,680635,991
Other    
Revenue:    
Revenue$ 0$ 0$ 0$ 0
[1]Net of remeasurement gain of $2.4 million and $1.7 million for the three months ended June 30, 2023 and 2022, respectively. Net of remeasurement gain of $5.1 million for the six months ended June 30, 2023 and a remeasurement loss of $4.1 million for the same period in 2022.
[2]Net of remeasurement gain of $2.6 million and $2.1 million for the three months ended June 30, 2023 and 2022, respectively. Net of remeasurement gain of $532 thousand and $4.0 million for the six months ended June 30, 2023 and 2022, respectively.

GL Balance Sheet

2023-06-30
Condensed 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 loans633,558614,866
Other long-term investments (includes: 2023—$759,157; 2022—$768,689 under the fair value option)1,010,136976,016
Short-term investments71,128114,121
Total investments18,748,27218,208,368
Cash75,01192,559
Accrued investment income267,776259,581
Other receivables601,787589,079
Deferred acquisition costs5,778,7325,535,697
Goodwill481,791481,791
Other assets754,589760,066
Total assets26,707,95825,927,141
Liabilities:  
Future policy benefits at current discount rates: (at original rates: 2023—$16,598,663; 2022—$16,306,870)18,746,51418,040,042
Unearned and advance premium266,710253,140
Policy claims and other benefits payable510,929507,219
Other policyholders' funds187,873123,236
Total policy liabilities19,712,02618,923,637
Current and deferred income taxes404,480434,649
Short-term debt258,232449,103
Long-term debt (estimated fair value: 2023—$1,633,248; 2022—$1,440,277)1,798,1171,627,952
Other liabilities554,797542,223
Total liabilities22,727,65221,977,564
Commitments and Contingencies (Note 5)
Shareholders' equity:  
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2023 and 202200
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2023—105,218,183 issued; 2022—105,218,183 issued)105,218105,218
Additional paid-in-capital536,126529,661
Accumulated other comprehensive income (loss)(2,943,897)(2,790,313)
Retained earnings7,285,8096,894,535
Treasury stock, at cost: (2023—10,225,970 shares; 2022—8,478,288 shares)(1,002,950)(789,524)
Total shareholders' equity3,980,3063,949,577
Total liabilities and shareholders' equity$ 26,707,958$ 25,927,141
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.