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Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States. It operates in three segments: Life Insurance, Supplemental Health Insurance, and Investments. The company offers whole, term, and other life insurance products, as well as life insurance for children; Medicare supplement and limited-benefit supplemental health insurance products, such as accident, cancer, critical illness, heart, intensive care, and other health products; and final expense, accidental death, mortgage protection, and hospital insurance products. It sells its products through direct-to-consumer channels, exclusive independent agents, general agency independent agents, and brokers. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was founded in 1900 and is headquartered in McKinney, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.0B | - | $1.2B | $1.3B | 19.4% | 3.7% | 8.4% |
| 2024 | $5.8B | - | $1.1B | $1.3B | 20.2% | 6.1% | 10.3% |
| 2023 | $5.4B | - | $971M | $1.4B | 21.6% | 4.2% | 8.5% |
| 2022 | $5.2B | - | $894M | $1.4B | 22.6% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 5,226.74 | 5,447.53 | 5,778.07 | 5,994.32 |
| Operating Revenue | - | 5,226.74 | 5,447.53 | 5,778.07 | 5,994.32 |
| Selling General And Administration | - | 334.99 | 331.90 | 382.55 | 408.95 |
| Total Expenses | - | 4,124.63 | 4,253.27 | 4,451.43 | 4,558.34 |
| EBIT | - | 1,192.51 | 1,296.58 | 1,453.73 | 1,577.20 |
| Interest Expense | - | 90.40 | 102.32 | 127.09 | 141.22 |
| Net Interest Income | - | -90.40 | -102.32 | -127.09 | -141.22 |
| Other Income Expense | - | 1.25 | 0.31 | 0.35 | 1.69 |
| Interest Expense Non Operating | - | 90.40 | 102.32 | 127.09 | 141.22 |
| Net Non Operating Interest Income Expense | - | -90.40 | -102.32 | -127.09 | -141.22 |
| Pretax Income | - | 1,102.11 | 1,194.27 | 1,326.64 | 1,435.98 |
| Tax Provision | - | 207.72 | 223.51 | 255.88 | 274.74 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.47 | -0.17 | -4.16 | -3.26 |
| Net Income Continuous Operations | - | 894.39 | 970.76 | 1,070.76 | 1,161.24 |
| Net Income From Continuing And Discontinued Operation | - | 894.39 | 970.76 | 1,070.76 | 1,161.24 |
| Net Income From Continuing Operation Net Minority Interest | - | 894.39 | 970.76 | 1,070.76 | 1,161.24 |
| Net Income | - | 894.39 | 970.76 | 1,070.76 | 1,161.24 |
| Net Income Common Stockholders | - | 894.39 | 970.76 | 1,070.76 | 1,161.24 |
| Net Income Including Noncontrolling Interests | - | 894.39 | 970.76 | 1,070.76 | 1,161.24 |
| Normalized Income | - | 896.41 | 971.49 | 1,088.17 | 1,175.03 |
| Diluted NI Availto Com Stockholders | - | 894.39 | 970.76 | 1,070.76 | 1,161.24 |
| Basic Average Shares | - | 97.97 | 95.08 | 89.30 | 81.38 |
| Diluted Average Shares | - | 98.98 | 96.36 | 89.66 | 82.52 |
| Total Unusual Items | - | -2.50 | -0.90 | -21.58 | -17.05 |
| Total Unusual Items Excluding Goodwill | - | -2.50 | -0.90 | -21.58 | -17.05 |
| Net Income Discontinuous Operations | 0 | - | - | - | - |
| Special Income Charges | - | -2.50 | -0.90 | -21.58 | -17.05 |
| Other Special Charges | - | 2.50 | 0.90 | 21.58 | 17.05 |
| General And Administrative Expense | - | 334.99 | 331.90 | 382.55 | 408.95 |
| Other Gand A | - | 127.31 | 145.56 | 176.88 | 176.97 |
| Salaries And Wages | - | 207.68 | 186.34 | 205.66 | 231.98 |
| Other Operating Expenses | - | 16.47 | 15.04 | 15.02 | 16.36 |
| Loss Adjustment Expense | - | 2,825.43 | 2,864.25 | 2,894.44 | 2,884.29 |
| Net Policyholder Benefits And Claims | - | 2,825.43 | 2,864.25 | 2,894.44 | 2,884.29 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Globe Life Inc.this co. | GL | $12.0B | 10.32↓ discount | 2.01 | 19.4% | - |
| Principal Financial Group, Inc. | PFG | $22.4B | 18.87 | 1.88 | 10.0% | - |
| Loews Corporation | L | $21.6B | 12.96 | 1.16 | 8.9% | - |
| Brown & Brown, Inc. | BRO | $19.4B | 18.65 | 1.55 | 8.3% | 12.86 |
| Franklin Resources, Inc. | BEN | $16.6B | 31.65 |
| - |
| - |
| - |
| - |
| 1.38 |
| 4.3% |
| 18.63 |
| Everest Group, Ltd. | EG | $12.6B | 7.95 | 0.82 | 10.3% | - |
| Invesco Ltd. | IVZ | $12.5B | -44.33 | 1.28 | -2.9% | 13.22 |
| Assurant, Inc. | AIZ | $12.5B | 14.29 | 2.12 | 14.9% | - |
| Erie Indemnity Company | ERIE | $11.5B | 20.52 | 5.03 | 24.5% | - |
| Peer Median | - | 16.47 | 1.46 | 9.4% | 13.22 | |