Stock likely moved after Globe Life's board declared a quarterly $0.33 per-share dividend, payable July 31 to shareholders of record July 6.
Globe Life Inc. delivers diverse life insurance and supplementary health coverage, alongside annuity products, targeting households in the lower-middle to middle-income brackets throughout the United States. The company's operations are structured into four key segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. Its offerings encompass whole life, term life, and other life protection plans; supplemental health benefits like Medicare supplements, critical illness, and accident policies; and both single-premium and flexible-premium deferred annuities. Founded in 1979 and headquartered in McKinney, Texas, the enterprise rebranded from Torchmark Corporation to Globe Life Inc. in August 2019.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.78B | $5.45B | $5.23B | $5.12B | $4.74B | $4.53B | $4.31B | $4.16B |
| Cost of Revenue | $3.91B | $3.81B | $3.69B | $3.43B | $3.45B | $3.21B | $3.07B | $257.25M |
| Gross Profit | $1.87B | $1.64B | $1.54B | $1.69B | $1.28B | $1.32B | $1.24B | $3.90B |
| Gross Margin | 32.37% | 30.11% | 29.49% | 32.94% | 27.10% | 29.15% | 28.80% | 93.81% |
| Operating Expenses | $543.62M | $445.98M | $439.04M | $412.39M | $387.34M | $388.49M | $379.16M | $2.97B |
| Operating Income | $1.33B | $1.19B | $1.10B | $1.27B | $896.68M | $931.28M | $863.67M | $923.93M |
| Operating Margin | 22.96% | 21.92% | 21.09% | 24.89% | 18.92% | 20.57% | 20.02% | 22.23% |
| Net Income | $1.07B | $970.75M | $894.39M | $1.03B | $731.77M | $760.79M | $701.47M | $1.45B |
| Net Margin | 18.53% | 17.82% | 17.11% | 20.13% | 15.44% | 16.80% | 16.26% | 34.99% |
| EPS (Basic) | $11.99 | $10.21 | $7.55 | $7.30 | $6.90 | $6.97 | $6.22 | $12.50 |
| EBITDA | $1.45B | $1.30B | $1.19B | $1.36B | $983.39M | $1.02B | $953.75M | $915.18M |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | 8.74 | 11.92 | 13.20 | 9.28 | 13.77 | 15.10 | 11.97 | 7.26 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $9.36B | $11.57B | $11.81B | $9.57B | $10.07B | $11.49B | $8.40B | $10.55B |