GLGlobe Life
Globe Life's website is: www.globelifeinsurance.com. 10-K, Item 1
- Headquarters
- Mckinney, TX
- Next results
- around Feb 3, 2027
All key numbers (33) From EDGAR
| EPS (ttm) | 14.94 | Sales (ttm) | 6.3B | Net income (ttm) | 1.2B | Sales growth | +3.7% | EPS growth | +17.8% | Sales Q/Q | +5.5% |
| Free cash flow | 1.3B | Gross margin | - | Oper. margin | - | Net margin | 18.9% | FCF margin | 21.3% | ROE | 17.9% |
| ROA | 3.9% | R&D / sales | - | Dividend | 1.08 | Debt/Eq | 0.45 | Curr. ratio | - | Cash | 257.9M |
| Op. cash flow (ttm) | 1.4B | Net debt | 2.7B | Payout ratio | 7.7% | Tax rate | 19.1% | Stock pay / sales | 0.9% | Shares out. | 75.4M |
| Shares Y/Y | -8.0% | Book / share | 87.73 | Cash / share | 3.42 | Sales / share | 83.18 | Asset turnover | 0.21 | Sales 3Y CAGR | +4.7% |
| Sales 5Y CAGR | +4.8% | EPS 3Y CAGR | +15.9% | EPS 5Y CAGR | +15.6% |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
GL against Financials peers
Ten years, side by side → · All 76 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 76 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| GL Globe Life | $6.3B | +3.7% | - | 18.9% | 17.9% | 21.3% | 0.45 |
| IBKR Interactive Brokers | $7.1B | +19.7% | - | 16.5% | 18.9% | - | - |
| CME CME Group | $7.0B | +6.4% | - | 63.3% | 16.6% | 62.1% | 0.00 |
| BRO Brown & Brown | $6.9B | +22.8% | - | 17.6% | 9.7% | 21.5% | 0.62 |
| ARES Ares Management | $5.8B | +44.2% | - | 7.5% | 11.3% | - | - |
| COIN Coinbase | $5.6B | +9.4% | - | -12.5% | -5.0% | - | 0.48 |
From $5.1B of sales to $1.0B of profit
FY2021, from the 10-K income statementSwipe sideways for the whole flow →
From $5.2B of sales to $894.4M of profit
FY2022, from the 10-K income statementSwipe sideways for the whole flow →
From $5.4B of sales to $970.8M of profit
FY2023, from the 10-K income statementSwipe sideways for the whole flow →
Where each $100 of sales went
- Cost of revenue
- Costs, tax, other
- Net profit
Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →
Profitability
2 of 3- !Net margin below the peer median18.9% vs 20.4%
- ✓Return on equity above 15%17.9%
- ✓A profit in every one of 10 years
Cash and shareholders
2 of 2- ✓Share count down over 5 years−23.0%
- ✓Dividend per share up over 5 years$0.75 → $1.08
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
What the debt is made of, and when it is due
balance sheet of Sep 30, 2026 · schedule of Dec 31, 2025The debt note's own lines, 2025-12-31
Fixed rate $0Floating $553.5M Not stated $2.4B
| Line, as the company names it | Kind | Rate | Fixed or floating | Amount |
|---|---|---|---|---|
| Senior Notes Due 2028 | Notes and bonds | 4.55% | not stated | $547.7M |
| Senior Notes Due 2034 | Notes and bonds | 5.85% | not stated | $445.2M |
| Senior Notes Due 2030 | Notes and bonds | 2.15% | not stated | $397.6M |
| Junior Subordinated Debentures Due 2061 | Subordinated | 4.25% | not stated | $317.5M |
| Short-term Debt | – | – | not stated | $306.0M |
| Commercial paper | Commercial paper | – | floating | $304.7M |
| Term Loan Due 2027 | Bank loans | 5.35% | floating | $248.9M |
| Senior Notes Due 2032 | Notes and bonds | 4.80% | not stated | $246.7M |
| Junior Subordinated Debentures Due 2057 | Subordinated | 5.28% | not stated | $123.5M |
From the debt note in the 10-K's XBRL (0000320335-26-000090), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.
Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →
Revenue and net income, FY2016 to FY2025
Revenue 6.0B Net income 1.2BFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
GL's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Income statement
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.9B | 4.2B | 4.3B | 4.5B | 4.7B | 5.1B | 5.2B | 5.4B | 5.8B | 6.0B |
| Gross profit | 782.9M | 807.0M | 865.5M | 910.7M | 901.1M | 1.2B | 1.2B | 1.3B | - | - |
| SG&A | 197.2M | 210.6M | 227.5M | 249.1M | 254.9M | 282.0M | 307.5M | 302.1M | - | - |
| Operating income | 787.3M | 821.2M | 870.6M | 920.1M | 905.4M | 1.2B | 1.2B | 1.3B | - | - |
| Interest expense | 83.3M | 84.5M | 90.1M | 84.3M | 86.7M | 83.5M | 90.4M | 102.3M | 127.1M | 141.2M |
| Pretax income | 772.2M | 830.6M | 863.7M | 931.3M | 896.7M | 1.3B | 1.1B | 1.2B | 1.3B | 1.4B |
| Income tax | 232.6M | -627.6M | 162.2M | 170.4M | 164.9M | 243.5M | 207.7M | 223.5M | 255.9M | 274.7M |
| Net income | 549.8M | 1.5B | 701.5M | 760.8M | 731.8M | 1.0B | 894.4M | 970.8M | 1.1B | 1.2B |
| EPS (diluted) | 4.49 | 12.22 | 6.09 | 6.83 | 6.82 | 9.99 | 9.04 | 10.07 | 11.94 | 14.07 |
| Diluted shares | 122.4M | 119.0M | 115.2M | 111.4M | 107.2M | 103.2M | 99.0M | 96.4M | 89.7M | 82.5M |
| Depreciation & amortization | 10.0M | 11.0M | 13.0M | 16.0M | 17.0M | 20.0M | 21.0M | 21.0M | 27.0M | 30.0M |
| EBITDA | 797.3M | 832.2M | 883.6M | 936.1M | 922.4M | 1.2B | 1.2B | 1.3B | - | - |
| Gross margin | 19.9% | 19.4% | 20.1% | 20.1% | 19.0% | 23.8% | 22.6% | 23.1% | - | - |
| Operating margin | 20.0% | 19.8% | 20.2% | 20.3% | 19.1% | 24.0% | 22.7% | 23.2% | - | - |
| Net margin | 14.0% | 35.0% | 16.3% | 16.8% | 15.4% | 20.2% | 17.1% | 17.8% | 18.5% | 19.4% |
| Revenue growth | - | +5.6% | +3.6% | +5.2% | +4.6% | +7.9% | +2.2% | +4.2% | +6.1% | +3.7% |
| EPS growth | - | +172% | -50.2% | +12.2% | -0.1% | +46.5% | -9.5% | +11.4% | +18.6% | +17.8% |
Balance sheet
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 76.2M | 118.6M | 121.0M | 75.9M | 94.8M | 92.2M | 92.6M | 103.2M | 165.3M | 144.7M |
| Short-term investments | 72.0M | 127.1M | 63.3M | 38.3M | 107.8M | 69.1M | 114.1M | 81.7M | 85.0M | 314.7M |
| Property & equipment | - | - | - | - | - | - | 211.7M | 239.9M | 284.3M | 369.5M |
| Goodwill | 441.6M | 441.6M | 441.6M | 441.6M | 441.6M | 481.8M | 481.8M | 481.8M | 490.4M | 490.4M |
| Total assets | 21.4B | 23.5B | 23.1B | 26.0B | 29.0B | 29.8B | 26.0B | 28.1B | 29.1B | 30.8B |
| Total debt | 1.4B | 1.5B | 1.7B | 1.7B | 1.9B | 2.2B | 2.2B | 2.1B | 2.7B | 2.6B |
| Total liabilities | 16.9B | 17.2B | 17.7B | 18.7B | 20.3B | 21.1B | 22.0B | 23.6B | 23.8B | 24.8B |
| Shareholders' equity | 4.6B | 6.2B | 5.4B | 7.3B | 8.8B | 2.0B | 3.9B | 4.5B | 5.3B | 6.0B |
| Retained earnings | 3.9B | 4.8B | 5.2B | 5.6B | 5.9B | 6.2B | 6.9B | 7.5B | 8.0B | 8.5B |
Cash flow
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.4B | 1.4B | 1.3B | 1.4B | 1.5B | 1.4B | 1.4B | 1.5B | 1.4B | 1.4B |
| Capital spending | 25.2M | 20.3M | 45.1M | 42.2M | 41.8M | 38.2M | 27.9M | 49.6M | 71.0M | 142.5M |
| Free cash flow | 1.4B | 1.4B | 1.2B | 1.3B | 1.4B | 1.4B | 1.4B | 1.4B | 1.3B | 1.3B |
| Stock-based pay (added back) | 26.3M | 37.0M | 39.8M | 44.8M | 35.9M | 30.3M | 35.6M | 30.7M | 40.1M | 53.4M |
| Dividends paid | 66.9M | 68.8M | 71.4M | 74.2M | 78.2M | 80.0M | 80.5M | 84.1M | 85.5M | 86.1M |
| Buybacks | 404.8M | 413.0M | 421.7M | 459.6M | 443.9M | 541.4M | 454.6M | 511.1M | 1.0B | 881.0M |
| Debt raised | - | - | 550.0M | 0 | 700.0M | 325.0M | 250.5M | 170.0M | 530.0M | 0 |
| Investing cash flow | -1.1B | -926.8M | -896.2M | -809.3M | -1.2B | -913.4M | -943.0M | -926.1M | -641.5M | -643.6M |
| Financing cash flow | -319.8M | -454.0M | -391.5M | -590.5M | -274.1M | -523.6M | -492.5M | -541.5M | -715.8M | -768.1M |
| Dividend per share | 0.56 | 0.60 | 0.64 | 0.69 | 0.75 | 0.79 | 0.83 | 0.90 | 0.96 | 1.08 |
Stock-based pay and leases
From EDGARFrom SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.
Work on GL in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
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