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Globe Life Inc.

GL Financial Insurance Life

Globe Life Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.0 billion, up 3.74% from fiscal 2024.

Revenue
+8.00%
EPS
+20.1%
Free cash flow
+0.88%
Total debt
+5.49%

Quarter to June 2026, against a year earlier

159.08 1.37 −0.85%
Market cap
$12.3B
P/E
10.4×
Fwd P/E
10.5×
Dividend yield
0.79%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Filings

Insider Decisions last twelve months

Sold, $m 79.87
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 — 7 3 3 9 5 4 1 1 1 —
Insider Ownership 1.72%

Capital & Financial Ratios $m

Size
Market Cap 12,330.00
Revenue ttm 6,191.96
Net income ttm 1,161.24
Free cash flow ttm 1,232.38
Net debt Q 2,686.20
Valuation
P/E 10.39
Forward P/E 10.50
Price / sales 1.99
Forward P/S Powerpack
Price / FCF 10.00
Price / book 2.00
Financial health
Current ratio Q 0.05
Debt / equity Q 0.48
Interest coverage Q 10.84
Growth
Revenue growth Q +8.00% (above 0%: growing)
Operating income growth Q +12.28% (above 0%: growing)
EPS, this year +6.74%
EPS, next year A +5.80%
Revenue, next year A +6.55%
EPS, past 5 yrs +15.59% (at or above 15%: strong)
EPS, next 5 yrs A +7.05%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 33.93%
10-year low 10-year high
P/S against its own 10 years 44.99%
10-year low 10-year high
P/B against its own 10 years 74.55%
10-year low 10-year high

Dividends raised 2 years running

Yield
0.79%
Annual rate
1.26
Payout ratio
8.37%
Growth, 2017–26
+8.80%/yr
  1. 0.59 ’17
  2. 0.63 ’18 +7%
  3. 0.68 ’19 +8%
  4. 0.74 ’20 +8%
  5. 0.78 ’21 +6%
  6. 0.82 ’22 +5%
  7. 1.11 ’23 +35%
  8. 0.95 ’24 −15%
  9. 1.05 ’25 +11%
  10. 1.26 ’26 +20%
paid Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 103 165 145 257
Receivables 630 692 769 819
Inventory — — — —
Other — — — —
733 857 913 1,076
2023 2024 2025 Q'26
Payables 20,230 19,248 19,981 20,113
ST’ Debt 486 415 305 278
Other 237 469 532 578
20,953 20,132 20,818 20,969

Compound Annual Growth %

10y 5y 3y
Sales 4.76% 4.82% 4.67%
Cash Flow 2.23% (1.11%) (0.61%)
Earnings 8.22% 9.68% 9.09%
Book Value 3.95% (7.39%) 14.79%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 4.87 Actual 4.84

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 3.44 3.39 Miss by 0.05
Q1 FY26 3.46 3.43 Miss by 0.03
Q2 FY26 3.67 3.61 Miss by 0.06
Q3 FY26 4.87 4.84 Miss by 0.03
Q4 FY26 3.60 — Reports 3 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.39 3.65 — — —
’25 3.01 3.05 4.73 3.29 14.07
’24 2.67 2.83 3.44 3.01 11.94
’23 2.28 2.24 2.68 2.88 10.07
’22 2.37 1.79 1.90 2.14 9.04
’21 1.70 1.92 1.84 4.53 9.99
’20 1.52 1.62 1.76 1.93 6.82
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,560 1,600 — — —
’25 1,480 1,481 1,513 1,520 5,994
’24 1,416 1,440 1,455 1,466 5,778
’23 1,321 1,326 1,384 1,416 5,448
’22 1,303 1,292 1,297 1,335 5,227
’21 1,267 1,271 1,278 1,297 5,112
’20 1,133 1,181 1,195 1,229 4,738
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 421 314 — — —
’25 432 308 306 351 1,396
’24 351 374 341 337 1,402
’23 477 327 287 391 1,482
’22 397 296 357 372 1,422
’21 372 330 358 378 1,438
’20 344 426 309 398 1,476
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 396 298 — — —
’25 420 295 209 330 1,254
’24 342 356 311 322 1,331
’23 469 309 276 378 1,433
’22 390 290 351 364 1,394
’21 356 322 351 370 1,399
’20 334 415 301 385 1,435
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,935 4,156 4,304 4,528 4,738 5,112 5,227 5,448 5,778 5,994 6,192 +4.8% 6,387 6,783 7,163 +6.1%
Gross margin, % 39.56 40.01 40.66 41.35 39.26 39.08 36.26 37.16 39.51 41.16 41.38 +1.6 pt
EBT 772 831 864 931 897 1,275 1,102 1,194 1,327 1,436 1,496 +7.1%
EBT margin, % 19.63 19.99 20.07 20.57 18.93 24.93 21.09 21.92 22.96 23.96 24.15 +4.3 pt
Net income 550 1,454 701 761 732 1,031 894 971 1,071 1,161 1,161 +8.7%
Per share, $
Per share, $ Revenue 32.79 35.72 38.13 41.46 44.67 50.08 53.37 57.28 64.72 73.66 79.94 +9.4%
Earnings 4.58 12.50 6.22 6.97 6.90 10.10 9.13 10.21 11.99 14.27 15.32 +13.5%
Cash flow 11.66 12.28 11.32 12.49 13.92 14.09 14.52 15.59 15.71 17.16 17.97 +4.4%
Capex (0.21) (0.17) (0.40) (0.39) (0.39) (0.37) (0.29) (0.52) (0.80) (1.75) (2.06) +26.6%
Free cash flow 11.45 12.11 10.92 12.10 13.53 13.71 14.24 15.07 14.91 15.41 15.91 +3.4%
Book value 38.06 53.56 47.98 66.79 82.69 84.68 40.33 47.18 59.43 73.42 79.47 +7.6%
Shares, m 120 116 113 109 106 102 98 95 89 81 80 (4.2%)
Valuation, ×
Valuation, × P/E 16.14 7.17 11.98 15.12 13.80 9.29 14.42 11.94 9.30 9.78 10.39 11.9
P/S 2.25 2.53 1.95 2.54 2.13 1.87 2.24 2.13 1.72 1.90 1.99 2.1
P/B 1.94 1.68 1.55 1.58 1.15 1.11 2.97 2.59 1.88 1.91 2.00 1.8
EV/Sales 2.59 2.85 2.31 2.89 2.51 2.25 2.62 2.50 2.17 2.31 — 2.5
EV/FCF 7.42 8.40 8.08 9.89 8.30 8.22 9.82 9.51 9.41 11.06 — 9.0
Cash, $m
Cash, $m Operating cash flow 1,399 1,429 1,278 1,364 1,476 1,438 1,422 1,482 1,402 1,396 1,392 0.0%
Capex (25) (20) (45) (42) (42) (38) (28) (50) (71) (142) (159) +21.2%
Free cash flow 1,374 1,409 1,233 1,322 1,435 1,399 1,394 1,433 1,331 1,254 1,232 (1.0%)
Balance, $m
Balance, $m Working capital (13,090) (13,750) (14,235) (14,815) (15,489) (16,512) (18,751) (20,219) (19,274) (19,905) (19,893) +4.8%
Net debt 1,321 1,342 1,544 1,572 1,828 1,934 1,984 2,013 2,574 2,481 2,686 +7.2%
Shareholders’ equity 4,567 6,231 5,415 7,294 8,771 8,643 3,950 4,487 5,306 5,975 6,156 +3.0%
Returns, %
Returns, % ROA 2.66 6.48 3.01 3.10 2.66 3.51 3.21 3.59 3.75 3.88 3.95 +1.2 pt
ROIC 9.08 7.55 8.57 7.16 5.80 8.03 12.56 12.47 11.53 11.66 11.57 +2.6 pt
ROE 12.75 26.94 12.05 11.97 9.11 11.84 14.21 23.01 21.87 20.59 20.95 +7.8 pt
People
People Employees 3,128 3,102 3,102 3,196 3,261 3,222 3,543 3,636 3,732 3,695 — +1.9%
Revenue/emp, $m 1.26 1.34 1.39 1.42 1.45 1.59 1.48 1.50 1.55 1.62 — +2.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Business profile

Updated

Globe Life is an insurance holding company whose subsidiaries sell individual life insurance and supplemental health insurance. It serves lower-middle- to middle-income households, offering protection products intended to help customers meet financial obligations when death, illness, accidents or other covered events occur.

Its life products include traditional whole life, term life and other life insurance. Its health products include Medicare Supplement coverage and limited-benefit plans for accidents, cancer, critical illness, heart conditions and intensive care. Medicare Supplement policies are designed to cover certain deductibles and co-payments not paid by traditional fee-for-service Medicare.

Globe Life Inc. vs peers in Insurance Life (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PRU Prudential Financial, Inc. $40.3B 10.5× 10.7× +14.10% (above 0%: growing) +88.59% (above 0%: growing) +101.89% (above 0%: growing) 34.85% 7.52% Compare
PUK Prudential Public Limited Company $29.8B 17.1× — −52.23% (below 0%: shrinking) +122.99% (above 0%: growing) −99.72% (below 0%: shrinking) 0.00% 0.00% Compare
UNM Unum Group $14.5B 21.3× 12.9× +0.26% (above 0%: growing) −16.58% (below 0%: shrinking) +48.17% (above 0%: growing) 35.37% 11.36% Compare
GL Globe Life Inc. $12.3B 10.4× 10.5× +8.00% (above 0%: growing) +20.06% (above 0%: growing) +0.88% (above 0%: growing) 39.24% 24.44%
JXN Jackson Financial Inc. $9.2B 182× 11.7× +135.67% (above 0%: growing) +292.31% (above 0%: growing) +57.63% (above 0%: growing) (630.95%) 411.90% Compare
PRI Primerica, Inc. $8.7B 11.3× 11.1× +9.04% (above 0%: growing) +19.41% (above 0%: growing) +5.06% (above 0%: growing) 82.88% 30.52% Compare
LNC Lincoln National Corporation $7.9B 3.5× 4.5× +12.31% (above 0%: growing) +76.55% (above 0%: growing) −155.08% (below 0%: shrinking) 37.98% 37.98% Compare
CNO CNO Financial Group, Inc. $5.1B 19.4× 14.0× +11.61% (above 0%: growing) +45.16% (above 0%: growing) +7.63% (above 0%: growing) 44.06% 16.73% Compare
GNW Genworth Financial, Inc. $3.4B 16.5× 26.2× +5.85% (above 0%: growing) 0.00% +766.67% (above 0%: growing) 30.09% 7.10% Compare
Median of peers $9.0B 16.8× 11.7× +10.33% +60.85% +27.90% 35.11% 14.05%

All 17 Insurance Life stocks →

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
TD Cowen Oct 23, 2026 Target cut Buy 225.00 → 215.00
Piper Sandler Oct 23, 2026 Downgrade Outperform → Hold 200.00 → 165.00

Pay and ownership Proxy statement filed 19 March 2026

Ownership

Directors and executive officers, together 2.11%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Globe Life Inc. (GL) Latest News

30 Oct

Impact 3 · · The Motley Fool

23 Oct

Impact 4 · · StockStory
Impact 4 · · TIKR
Impact 3 · · StockStory
Impact 3 · · Simply Wall St.

22 Oct

Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 3 · · StockStory
Impact 3 · · Zacks

21 Oct

Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · StockStory
Impact 3 · · PR Newswire

20 Oct

Impact 4 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory

19 Oct

Impact 3 · · Zacks
Impact 3 · · PR Newswire

12 Oct

Impact 3 · · Barchart

28 Sep

Impact 3 · · Barchart

24 Sep

Impact 4 · · Zacks

22 Sep

Impact 4 ·

14 Sep

Impact 3 ·

24 Aug

Impact 3 ·

16 Aug

Impact 3 ·

15 Aug

Impact 3 ·

25 Jul

Impact 4 ·

23 Jul

Impact 4 ·
Impact 3 · · MarketBeat transcript

GL metrics, ten years each

stockrow.com/GL · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com