Globe Life Inc. (GL) vs Unum Group (UNM)

Globe Life Inc. and Unum Group are both Insurance Life companies. Unum Group is the larger, with a market value of $14.4B against $12.9B — 1.1× the size. Globe Life Inc. trades at the lower P/E: 10.9× against 21.5×. Globe Life Inc. grew revenue faster over the last twelve months: 5.24% against 3.42%. Globe Life Inc. has the higher net margin (19.6% vs 5.26%) and the higher return on invested capital (11.6% vs 3.94%). Both pay a dividend; Unum Group yields more (3.24% vs 0.76%). Across the 23 metrics below, Globe Life Inc. leads on 17 and Unum Group on 6.

Valuation

Metric GL UNM Insurance Life median
P/E 10.90 21.47 12.15
P/S 2.09 1.10 0.75
P/B 2.10 1.36 1.12
Price to free cash flow 10.50 21.22 7.78
EV/EBITDA 9.54 14.80 8.42
EV/Sales 2.52 1.39 0.80
Earnings yield 9.17% 4.66% 8.23%
Free cash flow yield 9.52% 4.71% 11.12%

Profitability

Metric GL UNM Insurance Life median
Gross margin 41.38% 33.34% 32.44%
Operating margin 26.44% 8.36% 11.31%
Net margin 19.58% 5.26% 6.61%
Free cash flow margin 19.90% 5.19% 15.04%
Return on equity 20.95% 6.35% 8.67%
Return on assets 3.95% 1.11% 0.67%
Return on invested capital 11.57% 3.94% 8.20%

Growth

Metric GL UNM Insurance Life median
Revenue growth (TTM) 5.24% 3.42% 7.91%
EPS growth (last fiscal year) 17.84% (54.86%) —
Revenue growth, 5-year CAGR 4.82% (0.13%) 1.08%
Net income growth, 5-year CAGR 9.68% (1.41%) 0.00%

Health

Metric GL UNM Insurance Life median
Debt to equity 0.48 0.35 0.48
Current ratio 0.05 0.28 0.21
Net debt to EBITDA 1.23 2.87 0.12

Dividend

Metric GL UNM Insurance Life median
Dividend yield 0.76% 3.24% 2.41%
Payout ratio 0.12 0.18 0.17

Size

Metric GL UNM Insurance Life median
Market cap 12.86b 14.42b 7.92b

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