Globe Life, Inc. is a holding company, which engages in the provision of individual life and supplemental health insurance products and services. It operates through the following segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. The Life Insurance segment includes traditional and interest-sensitive whole life insurance as well as term life insurances. The Supplement Health Insurance segment provides generally guaranteed-renewable and include medicare supplement, critical illness, accident, and limited-benefit supplemental hospital, and surgical coverage. The Annuities segment refers to fixed-benefit contracts. The Investments segment covers the investment portfolio. The company was founded on November 19, 1979 and is headquartered in McKinney, TX.
Highlights
Globe Life's equity has increased by 20% from the previous quarter and by 17% YoY
The EPS has increased by 5% YoY
The company's debt rose by 31% YoY and by 17% QoQ
Key stats
What are the main financial stats of GL
Market
Shares outstanding
106.51M
Market cap
$8.78B
Enterprise value
$10.77B
Valuations
Price to earnings (P/E)
12.4
Price to book (P/B)
1.12
Price to sales (P/S)
1.91
EV/EBIT
11.05
EV/EBITDA
11.05
EV/Sales
2.35
Earnings
Revenue
$4.59B
EBIT
$974.8M
EBITDA
$974.8M
Free cash flow
$1.41B
Per share
EPS
$6.65
Free cash flow per share
$13.21
Book value per share
$73.74
Revenue per share
$43.14
TBVPS
$254.54
Balance sheet
Total assets
$27.53B
Total liabilities
$19.69B
Debt
$2.1B
Equity
$7.85B
Working capital
N/A
Liquidity
Debt to equity
0.27
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
2.04
Margins
EBITDA margin
21.2%
Gross margin
46.9%
Net margin
15.8%
Operating margin
21.2%
Efficiency
Return on assets
2.8%
Return on equity
10%
Return on invested capital
3.6%
Return on capital employed
N/A
Return on sales
21.2%
Dividend
Dividend yield
0.88%
DPS
$0.72
Payout ratio
10.9%
GL stock price
How has the Globe Life stock price performed over time
Financial performance
How have Globe Life's revenue and profit performed over time
Revenue
$4.59B
Gross profit
$2.15B
Operating income
$974.8M
Net income
$727.47M
Gross margin
46.9%
Net margin
15.8%
The revenue has grown by 4.4% YoY
Globe Life's operating margin has decreased by 3.6% YoY and by 2.8% QoQ
GL's gross profit is up by 3.3% year-on-year
The company's net margin fell by 3.1% QoQ and by 3.1% YoY
Growth
What is Globe Life's growth rate over time
Valuation
What is Globe Life stock price valuation
P/E
12.4
P/B
1.12
P/S
1.91
EV/EBIT
11.05
EV/EBITDA
11.05
EV/Sales
2.35
The EPS has increased by 5% YoY
GL's price to earnings (P/E) is 4.6% less than its last 4 quarters average of 13.0 and 2.4% less than its 5-year quarterly average of 12.7
The price to book (P/B) is 30% lower than the 5-year quarterly average of 1.6 and 14% lower than the last 4 quarters average of 1.3
Globe Life's equity has increased by 20% from the previous quarter and by 17% YoY
The P/S is 9% less than the 5-year quarterly average of 2.1 and 9% less than the last 4 quarters average of 2.1
The revenue has grown by 4.4% YoY
Efficiency
How efficient is Globe Life business performance
The ROE has contracted by 17% YoY and by 7% from the previous quarter
The return on invested capital has declined by 8% year-on-year and by 2.7% since the previous quarter
The company's return on assets fell by 7% YoY and by 3.4% QoQ
The ROS has decreased by 3.6% YoY and by 2.8% from the previous quarter
Dividends
What is GL's dividend history
DPS
$0.72
Dividend yield
0.88%
Payout ratio
10.9%
Recent dividends
Financial health
How did Globe Life financials performed over time
GL's total assets is 40% higher than its total liabilities
GL's total assets is up by 11% YoY and by 9% QoQ
Globe Life's total liabilities has increased by 8% YoY and by 4.5% QoQ
The company's debt is 73% lower than its equity
The company's debt rose by 31% YoY and by 17% QoQ
Globe Life's equity has increased by 20% from the previous quarter and by 17% YoY
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.