Globe Life Inc. (GL) vs Primerica, Inc. (PRI)

Globe Life Inc. and Primerica, Inc. are both Insurance Life companies. Globe Life Inc. is the larger, with a market value of $12.9B against $8.5B — 1.5× the size. Globe Life Inc. trades at the lower P/E: 10.9× against 11.1×. Primerica, Inc. grew revenue faster over the last twelve months: 8.57% against 5.24%. Primerica, Inc. has the higher net margin (23.2% vs 19.6%) and the higher return on invested capital (17.9% vs 11.6%). Both pay a dividend; Primerica, Inc. yields more (1.10% vs 0.76%). Across the 23 metrics below, Primerica, Inc. leads on 17 and Globe Life Inc. on 6.

Valuation

Metric GL PRI Insurance Life median
P/E 10.90 11.05 12.15
P/S 2.09 2.51 0.75
P/B 2.10 3.41 1.12
Price to free cash flow 10.50 10.21 7.78
EV/EBITDA 9.54 7.87 8.42
EV/Sales 2.52 3.20 0.80
Earnings yield 9.17% 9.05% 8.23%
Free cash flow yield 9.52% 9.80% 11.12%

Profitability

Metric GL PRI Insurance Life median
Gross margin 41.38% 81.38% 32.44%
Operating margin 26.44% 30.60% 11.31%
Net margin 19.58% 23.20% 6.61%
Free cash flow margin 19.90% 24.54% 15.04%
Return on equity 20.95% 32.97% 8.67%
Return on assets 3.95% 5.38% 0.67%
Return on invested capital 11.57% 17.86% 8.20%

Growth

Metric GL PRI Insurance Life median
Revenue growth (TTM) 5.24% 8.57% 7.91%
EPS growth (last fiscal year) 17.84% 67.10% —
Revenue growth, 5-year CAGR 4.82% 8.22% 1.08%
Net income growth, 5-year CAGR 9.68% 14.33% 0.00%

Health

Metric GL PRI Insurance Life median
Debt to equity 0.48 0.66 0.48
Current ratio 0.05 0.33 0.21
Net debt to EBITDA 1.23 0.76 0.12

Dividend

Metric GL PRI Insurance Life median
Dividend yield 0.76% 1.10% 2.41%
Payout ratio 0.12 0.22 0.17

Size

Metric GL PRI Insurance Life median
Market cap 12.86b 8.45b 7.92b

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