Globe Life Inc. (GL) vs Genworth Financial, Inc. (GNW)

Globe Life Inc. and Genworth Financial, Inc. are both Insurance Life companies. Globe Life Inc. is the larger, with a market value of $12.9B against $3.6B — 3.6× the size. Globe Life Inc. trades at the lower P/E: 10.9× against 17.8×. Globe Life Inc. grew revenue faster over the last twelve months: 5.24% against 2.11%. Globe Life Inc. has the higher net margin (19.6% vs 2.87%) and the higher return on invested capital (11.6% vs 3.41%). Across the 22 metrics below, Globe Life Inc. leads on 13 and Genworth Financial, Inc. on 9.

Valuation

Metric GL GNW Insurance Life median
P/E 10.90 17.79 12.15
P/S 2.09 0.49 0.75
P/B 2.10 0.37 1.12
Price to free cash flow 10.50 8.36 7.78
EV/EBITDA 9.54 5.86 8.42
EV/Sales 2.52 0.45 0.80
Earnings yield 9.17% 5.62% 8.23%
Free cash flow yield 9.52% 11.96% 11.12%

Profitability

Metric GL GNW Insurance Life median
Gross margin 41.38% 29.03% 32.44%
Operating margin 26.44% 6.84% 11.31%
Net margin 19.58% 2.87% 6.61%
Free cash flow margin 19.90% 5.81% 15.04%
Return on equity 20.95% 2.17% 8.67%
Return on assets 3.95% 0.24% 0.67%
Return on invested capital 11.57% 3.41% 8.20%

Growth

Metric GL GNW Insurance Life median
Revenue growth (TTM) 5.24% 2.11% 7.91%
EPS growth (last fiscal year) 17.84% (20.59%) —
Revenue growth, 5-year CAGR 4.82% (2.49%) 1.08%
Net income growth, 5-year CAGR 9.68% 4.61% 0.00%

Health

Metric GL GNW Insurance Life median
Debt to equity 0.48 0.15 0.48
Current ratio 0.05 0.28 0.21
Net debt to EBITDA 1.23 (0.83) 0.12

Dividend

Metric GL GNW Insurance Life median
Dividend yield 0.76% — 2.41%
Payout ratio 0.12 0.00 0.17

Size

Metric GL GNW Insurance Life median
Market cap 12.86b 3.57b 7.92b

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