Globe Life Inc. (GL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$3.68	$3.61	-1.9%	—	—	—
Q4 26	$3.48	$3.43	-1.4%	—	—	—
Q3 26	$3.44	$3.39	-1.5%	—	—	—
Q2 26	$4.54	$4.81	+5.9%	—	—	—
Q1 26	$3.25	$3.27	+0.6%	—	—	—
Q4 25	$3.24	$3.07	-5.2%	—	—	—
Q3 25	$3.12	$3.14	+0.6%	—	—	—
Q2 25	$3.06	$3.49	+14.1%	—	—	—
Q1 25	$2.91	$2.97	+2.1%	—	—	—
Q4 24	$2.79	$2.78	-0.4%	—	—	—
Q3 24	$2.73	$2.8	+2.6%	—	—	—
Q2 24	$2.65	$2.71	+2.3%	—	—	—
Q1 24	$2.57	$2.61	+1.6%	—	—	—
Q4 23	$2.47	$2.53	+2.4%	—	—	—
Q3 23	$2.17	$2.24	+3.2%	—	—	—
Q2 23	$2.1	$2.15	+2.4%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$14.3	—	—	$6B	—
FY24	—	$12	—	—	$5.8B	—
FY23	—	$10.2	—	—	$5.4B	—
FY22	—	$7.55	—	—	$5.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.9B	$4.2B	$4.3B	$4.5B	$4.7B	$5.1B	$5.2B	$5.4B	$5.8B	$6B
YoY change	+4.48%	+5.62%	+3.83%	+4.93%	+4.66%	+8.08%	+2.06%	+4.22%	+6.07%	+3.74%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.9B	4.2B	4.3B	4.5B	4.7B	5.1B	5.2B	5.4B	5.8B	6B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	222.9M	247.6M	267.3M	285.6M	286.8M	301.9M	335M	331.9M	382.5M	408.9M
Operating expenses	231.5M	257.3M	278M	295.8M	296.7M	311.5M	346.1M	342.8M	394.9M	425.3M
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	1.4M	1.1M	1.1M	1.3M	1.3M	1.2M	1.2M	308K	354K	1.7M
Pretax income	772.2M	830.6M	863.7M	931.3M	896.7M	1.3B	1.1B	1.2B	1.3B	1.4B
Income tax	232.6M	-627.6M	162.2M	170.4M	164.9M	243.5M	207.7M	223.5M	255.9M	274.7M
Net income	549.8M	1.5B	701.5M	760.8M	731.8M	1B	894.4M	970.8M	1.1B	1.2B
Net margin	14%	35%	16.3%	16.8%	15.4%	20.1%	17.1%	17.8%	18.5%	19.4%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	4.58	12.5	6.22	6.97	6.9	7.3	7.55	10.2	12	14.3
Diluted EPS	4.49	12.2	6.09	6.83	6.82	7.22	7.47	10.1	11.9	14.1

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.4B	1.4B	1.2B	1.4B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.6B	1.6B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	85.2M	89.7M	—	—	97.1M	105.7M	—	—	91.6M	110.1M	—
Operating expenses	85.9M	87.8M	92.5M	99.1M	104.9M	97.8M	108.7M	108.3M	111.6M	96.7M	113.7M	116.3M
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	50K	123K	76K	74K	42K	162K	69K	49K	955K	615K	1.2M	1.1M
Pretax income	318.8M	336.7M	314.9M	322.3M	377M	312.4M	316.1M	313.3M	477.1M	329.5M	334.1M	354.9M
Income tax	61.7M	61.9M	60.7M	64M	74M	57.2M	61.5M	60.5M	89.3M	63.4M	63.6M	67.1M
Net income	257.1M	274.8M	254.2M	258.4M	303M	255.2M	254.6M	252.7M	387.8M	266.1M	270.5M	287.7M
Net margin	18.6%	19.4%	21.6%	17.9%	20.8%	17.4%	17.2%	17.1%	25.6%	17.5%	17.3%	18%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	2.72	2.92	2.71	2.83	3.45	3.04	3.05	3.09	4.81	3.35	3.45	3.71
Diluted EPS	2.68	2.88	2.67	2.83	3.44	3.01	3.01	3.05	4.73	3.29	3.39	3.65

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	8.9B	10.6B	8.4B	11.5B	10.1B	9.6B	11.8B	11.6B	10B	11.4B	12.8B
Enterprise value	-5.1B	-5.2B	-6.4B	-5.9B	-9.4B	-9.9B	-2.8B	-4.4B	-4.7B	-4B	15.8B
Shares outstanding	120.1M	116.3M	112.7M	109.2M	106.1M	102M	98M	95.1M	89.3M	81.4M	81.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	16.1	7.25	12	15.1	13.8	9.28	13.2	11.9	9.3	9.8	11.1
P/S	2.25	2.54	1.95	2.54	2.13	1.87	2.26	2.12	1.72	1.9	2.07
P/B	1.94	1.69	1.55	1.57	1.15	1.11	2.99	2.58	1.88	1.9	2.09
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	9.41
EV/Sales	-1.31	-1.25	-1.49	-1.3	-1.99	-1.93	-0.54	-0.8	-0.81	-0.67	2.55
Earnings yield	6.21%	13.8%	8.35%	6.62%	7.27%	10.8%	7.57%	8.39%	10.8%	10.2%	9%
FCF yield	15.5%	13.4%	14.7%	11.5%	14.2%	14.6%	11.8%	12.4%	13.4%	11%	9.08%
PEG	—	—	—	—	—	—	—	—	—	—	0.55

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	24.6%
Net margin	14%	35%	16.3%	16.8%	15.4%	20.1%	17.1%	17.8%	18.5%	19.4%	19.6%
ROE	12%	23.3%	13%	10.4%	8.34%	11.9%	22.6%	21.6%	20.2%	19.4%	20.9%
ROA	—	—	—	—	—	—	—	—	3.68%	3.77%	3.36%
Return on tangible assets	—	—	—	—	—	—	—	—	3.81%	3.89%	3.96%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	—	—	—	—	—	—	—	—	—	0.8
Debt / equity	0.31	0.23	0.31	0.23	0.22	0.23	0.53	0.47	0.52	0.44	0.56
Debt / assets	—	—	—	—	—	—	—	—	0.09	0.09	0.09
Net debt / EBITDA	—	—	—	—	—	—	—	—	—	—	1.77
Interest coverage	10.3	10.8	10.6	12	11.3	16.3	13.2	12.7	11.4	11.2	11.6
Effective tax rate	30.1%	0%	18.8%	18.3%	18.4%	19.1%	18.8%	18.7%	19.3%	19.1%	18.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	32.8	35.7	38.3	41.5	44.7	50.2	53.3	57.3	64.7	73.7	78.4
EPS (basic)	4.58	12.5	6.22	6.97	6.9	7.3	7.55	10.2	12	14.3	14.3
EPS (diluted)	4.49	12.2	6.09	6.83	6.82	7.22	7.47	10.1	11.9	14.1	15
Book value per share	38	53.6	48	66.8	82.7	84.7	40.3	47.2	59.4	73.4	79.9
FCF per share	11.4	12.1	10.9	12.1	13.5	13.7	14.2	15.1	14.9	15.4	15.6
Cash per share	128.2	148	146.2	174.3	201.9	210.4	170.6	189.9	194.9	221.8	5.93
Capex per share	0.21	0.17	0.4	0.39	0.39	0.37	0.29	0.52	0.8	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.64%	0.49%	1.05%	0.93%	0.88%	0.75%	0.53%	0.91%	1.23%	—	—
Capex / operating cash flow	4.5%	1.33%	6.39%	5.13%	5.23%	3.37%	2.97%	5.24%	6.75%	—	—
Payout ratio	12.2%	4.73%	10.2%	9.75%	10.7%	7.76%	9.01%	8.67%	7.98%	7.41%	7.98%
Dividend yield	0.76%	0.65%	0.85%	0.65%	0.78%	0.84%	0.68%	0.73%	0.86%	0.76%	0.79%

Yield

0.79%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.33

ex-dividend Jul 6, 2026

Payout ratio

of earnings

Dividend growth

10 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 6, 2026	$0.33
Apr 2, 2026	$0.33
Jan 5, 2026	$0.27

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.4B	$1.4B	$1.2B	$1.4B	$1.5B	$1.5B	$1.5B	$1.5B	$1.5B	$1.5B	$1.6B	$1.6B
YoY change	+6.7%	+7.03%	+7.67%	+8.58%	+5.15%	+3.57%	+25.7%	+2.85%	+3.96%	+3.64%	+5.35%	+8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	15.4B	17.2B	16.5B	19B	21.4B	21.5B	16.7B	18.1B	17.4B	18B
Receivables	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	883.2M	883.2M	883.2M	883.2M	883.2M	963.6M	963.6M	963.6M	980.9M	980.9M
Total assets	—	—	—	—	—	—	—	—	29.1B	30.8B
Accounts payable	299.6M	333.3M	350.8M	365.4M	399.5M	412.9M	509.4M	514.9M	532.8M	540.8M
Short-term debt	264.5M	328.1M	307.8M	298.7M	254.9M	479.6M	449.1M	486.1M	415.4M	304.7M
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	1.1B	1.1B	1.4B	1.3B	1.7B	1.5B	1.6B	1.6B	2.3B	2.3B
Total liabilities	—	—	—	—	—	—	—	—	23.8B	24.8B
Shareholders' equity	4.6B	6.2B	5.4B	7.3B	8.8B	8.6B	3.9B	4.5B	5.3B	6B
Total debt	1.4B	1.5B	1.7B	1.6B	1.9B	2B	2.1B	2.1B	2.7B	2.6B
Net debt	1.3B	1.3B	1.5B	1.6B	1.8B	1.9B	2B	2B	2.6B	2.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	16.4B	18.1B	18.3B	17.8B	18.6B	17.4B	17.9B	17.7B	18.2B	18B	18B	790.3M
Receivables	—	—	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	963.6M	963.6M	963.6M	963.6M	980.9M	980.9M	980.9M	980.9M	980.9M	980.9M	980.9M	980.9M
Total assets	—	—	28.6B	28.3B	29.6B	29.1B	29.7B	29.8B	30.5B	30.8B	31B	31.6B
Accounts payable	503.1M	514.9M	520.1M	526.1M	530.4M	532.8M	546.7M	532.2M	529.9M	540.8M	548.5M	544.5M
Short-term debt	447.5M	486.1M	733.5M	654.6M	437.4M	415.4M	476.9M	464.5M	394.3M	304.7M	457M	278M
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	1.8B	1.6B	1.6B	1.6B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.7B
Total liabilities	—	—	23.5B	23.1B	24.9B	23.8B	24.3B	24.4B	24.8B	24.8B	24.9B	25.4B
Shareholders' equity	4.6B	4.5B	5B	5.2B	4.6B	5.3B	5.4B	5.4B	5.7B	6B	6.1B	6.2B
Total debt	2.2B	2.1B	2.4B	2.3B	2.8B	2.7B	2.8B	2.8B	2.7B	2.6B	2.8B	2.9B
Net debt	2.2B	2B	2.3B	2.2B	2.6B	2.6B	2.6B	2.6B	2.4B	2.5B	2.5B	2.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	549.8M	1.5B	701.5M	760.8M	731.8M	1B	894.4M	970.8M	1.1B	1.2B
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—
Operating cash flow	559.7M	1.5B	706M	823.1M	798.4M	1.1B	938.9M	946M	1.1B	1.4B
Capital expenditure	-25.2M	-20.3M	-45.1M	-42.2M	-41.8M	-38.2M	-27.9M	-49.6M	-71M	—
Investing cash flow	-1B	-905.3M	-875.7M	-783.9M	-1.2B	-929.1M	-873.4M	-769.2M	-478.4M	-385.3M
Dividends paid	-66.9M	-68.8M	-71.4M	-74.2M	-78.2M	-80M	-80.5M	-84.1M	-85.5M	-86.1M
Share repurchases	-404.8M	-413M	-421.7M	-459.6M	-443.9M	-541.4M	-454.6M	-511.1M	-1B	-881M
Financing cash flow	-319.8M	-454M	-391.5M	-590.5M	-274.1M	-523.6M	-492.5M	-541.5M	-1.1B	-1.5B
Net change in cash	-807M	166.9M	-561.2M	-551.3M	-648.5M	-316.3M	-427M	-364.7M	-526.9M	-458M
Free cash flow	1.4B	1.4B	1.2B	1.3B	1.4B	1.4B	1.4B	1.4B	1.3B	1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	—	—	—	—	—	—	—	—	306M	350.6M	420.9M	314.1M
Capital expenditure	-10.8M	-13.1M	-9.1M	-17.6M	-29.3M	-15M	-11.7M	-12.9M	—	—	—	—
Investing cash flow	-399.5M	29.1M	-673.8M	132.4M	-142.3M	205.2M	-202.2M	-19.6M	70M	-258.2M	-216.4M	-230.7M
Dividends paid	-21.4M	-21.2M	-21.1M	-22.6M	-21.6M	-20.2M	-20.1M	-22.4M	-21.9M	-21.7M	-21.4M	-25.7M
Share repurchases	-96.9M	-145.2M	-23.5M	-335.9M	-591.1M	-51.7M	-264.5M	-250.3M	-173.9M	-192.3M	-240.5M	-274.7M
Financing cash flow	128.1M	-271.7M	357M	-828M	-58.7M	-572M	-317.4M	-376.8M	-292.8M	-412M	-49.3M	-242.7M
Net change in cash	-271.5M	-242.6M	-316.8M	-695.6M	-200.9M	-366.8M	-519.7M	-396.3M	83.2M	-319.7M	155.3M	-159.4M
Free cash flow	276.1M	378.3M	341.7M	356.5M	311.3M	321.9M	420.1M	295M	208.7M	330.1M	396M	297.6M

Date	Ratio
Jul 2, 2014	3:2
May 15, 2013	1:10
May 3, 2013	5:6
Jul 5, 2011	3:2
Aug 4, 1997	2:1
Aug 20, 1992	3:2

Globe Life Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history