Globe Life Inc.
- Open
- 172.73
- Day high
- 174.10
- Day low
- 171.76
- Prev close
- 172.79
- Volume
- 589K
- Mkt cap
- $13.3B
- P/E (TTM)
- 11.3
- EPS (TTM)
- $15.22
- P/B
- 2.2
- P/S
- 2.1
- Yield
- 0.38%
- Per share
- $0.66
- ▼Insiders net selling -$34.5M over the last 3 months (0 open-market buys, 27 sales)
- 🏛Institutions accumulating (13F)
Globe Life Inc. (GL) is a Financial Services company listed on NYSE. The stock is up 24% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 27 sales (SEC Form 4). Drillr has 1 published research article covering GL.
Globe Life Inc. (GL) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 8 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | $3.67 | $3.61 | -1.7% | $1.6B | +0.7% |
| Apr 23, 2026 | $3.46 | $3.43 | -0.9% | $1.6B | -0.3% |
| Feb 4, 2026 | $3.44 | $3.39 | -1.5% | $1.5B | -0.5% |
| Oct 22, 2025 | $4.60 | $4.81 | +4.6% | $1.5B | -0.4% |
| Jul 23, 2025 | $3.25 | $3.27 | +0.6% | $1.5B | -1.6% |
| Apr 30, 2025 | $3.23 | $3.07 | -5.0% | $1.5B | -0.5% |
| Feb 5, 2025 | $3.12 | $3.14 | +0.6% | $1.5B | -0.7% |
| Oct 23, 2024 | $3.06 | $3.49 | +14.1% | $1.5B | -0.6% |
| Jul 24, 2024 | $2.91 | $2.97 | +2.1% | $1.4B | -0.6% |
| Feb 7, 2024 | $2.73 | $2.80 | +2.4% | $1.4B | +1.6% |
| Oct 25, 2023 | $2.65 | $2.71 | +2.1% | $1.4B | +0.4% |
| Jul 26, 2023 | $2.57 | $2.61 | +1.5% | $1.3B | -3.2% |
GL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 10, 2026 | MITCHELL ROBERT BRIANofficer: EVP, General Counsel and CRO | Option | 23,000 | $103.23 |
| Aug 10, 2026 | MITCHELL ROBERT BRIANofficer: EVP, General Counsel and CRO | Sell | 1,017 | $184.75 |
| Aug 10, 2026 | MITCHELL ROBERT BRIANofficer: EVP, General Counsel and CRO | Sell | 10,529 | $183.83 |
| Aug 10, 2026 | MITCHELL ROBERT BRIANofficer: EVP, General Counsel and CRO | Sell | 11,454 | $182.77 |
| Aug 3, 2026 | Darden James Matthewdirector, officer: Co-Chairman & CEO | Sell | 49,600 | $182.43 |
| Aug 3, 2026 | Darden James Matthewdirector, officer: Co-Chairman & CEO | Sell | 400 | $183.36 |
| Aug 3, 2026 | Darden James Matthewdirector, officer: Co-Chairman & CEO | Option | 50,000 | $98.32 |
| Jul 30, 2026 | Kalmbach Thomas Peterofficer: EVP & CFO | Option | 11,000 | $120.49 |
| Jul 30, 2026 | Kalmbach Thomas Peterofficer: EVP & CFO | Sell | 2,650 | $181.23 |
| Jul 30, 2026 | MAJORS MICHAEL CLAYofficer: EVP - Chief Strategy Officer | Option | 37,000 | $103.23 |
| Jul 30, 2026 | Kalmbach Thomas Peterofficer: EVP & CFO | Sell | 10,720 | $179.30 |
| Jul 30, 2026 | Kalmbach Thomas Peterofficer: EVP & CFO | Sell | 2,790 | $181.81 |
| Jul 30, 2026 | MAJORS MICHAEL CLAYofficer: EVP - Chief Strategy Officer | Sell | 3,500 | $179.35 |
| Jul 30, 2026 | Kalmbach Thomas Peterofficer: EVP & CFO | Option | 10,000 | $103.23 |
| Jul 30, 2026 | Kalmbach Thomas Peterofficer: EVP & CFO | Sell | 4,840 | $180.08 |
Source: GL SEC Form 4 filings, latest Aug 10, 2026. For informational purposes only — not investment advice.
See the full GL insider & 13F page →Globe Life Inc. company profile
Overview
Globe Life Inc. (NYSE:GL) is a financial services company that has been providing life and supplemental health insurance products to American families since its incorporation in 1979. Originally known as Torchmark Corporation until 2019, the company went public in 1980 and is headquartered in McKinney, Texas. Globe Life specializes in serving lower-middle to middle-income households across the United States through multiple distribution channels, including direct sales agents and direct-to-consumer marketing. The company has built its business around providing affordable insurance protection to families who might otherwise struggle to obtain coverage through traditional channels.
Business
Globe Life operates in the life insurance industry, which provides financial protection to beneficiaries when policyholders pass away. The company focuses specifically on individual life insurance and supplemental health insurance products designed for working-class American families. The company operates through four main business segments. Life Insurance represents the largest segment, generating approximately 57% of total premium revenue ($830 million in Q1 2025). This segment offers whole life insurance policies that provide permanent coverage with cash value accumulation, term life insurance that provides temporary coverage for specific periods, and other life insurance products. Whole life insurance is particularly important because it builds cash value over time that policyholders can borrow against, making it attractive to customers who view it as both protection and a savings vehicle. Supplemental Health Insurance accounts for roughly 25% of premium revenue ($370 million in Q1 2025). This segment includes Medicare supplement insurance, which helps cover costs not paid by Medicare, and supplemental health products like critical illness and accident plans. These products pay cash benefits directly to policyholders when they experience covered health events, helping them manage medical expenses and lost income. The Annuities segment offers single-premium and flexible-premium deferred annuities, which are retirement savings products that provide guaranteed income streams in the future. The Investments segment manages the company's investment portfolio, which backs the insurance reserves and generates investment income that supports profitability. Globe Life distributes its products through several channels: American Income Life uses career agents who sell primarily to union members and credit union members; Liberty National employs agents who make home visits to sell to middle-income families; Family Heritage focuses on supplemental health insurance sold through workplace enrollment; Direct-to-Consumer uses direct mail and digital marketing to reach customers; and United American General Agency distributes through independent agents.
Competitive moat
Globe Life possesses a moderate competitive moat built primarily around its specialized distribution model and customer focus, though this moat faces some structural challenges. The company's strongest competitive advantage lies in its direct sales force and relationship-based distribution. American Income Life's career agents build relationships with union members and credit union members, creating a trusted referral network that competitors cannot easily replicate. This distribution model generates higher persistency rates and customer loyalty compared to purely transactional sales approaches. The company's focus on underserved markets provides another defensive element. By targeting lower-middle income families with smaller policy sizes, Globe Life operates in a market segment that larger insurers often find unprofitable due to high acquisition costs relative to premium volumes. This creates a natural barrier to entry from major competitors who prefer larger, more affluent customer segments. However, Globe Life's moat faces several challenges. The regulatory environment poses ongoing risks, as evidenced by current DOJ and SEC investigations into sales practices. Regulatory scrutiny of insurance sales practices could force changes to the company's distribution model or increase compliance costs. Digital disruption represents another threat, as online insurance platforms and robo-advisors make it easier for customers to compare products and purchase coverage without agent interaction. Demographic shifts also pressure the moat. Younger consumers increasingly prefer digital interactions over face-to-face sales, potentially reducing the effectiveness of Globe Life's traditional agent-based model. The decline in union membership, a key source of American Income Life's customer base, creates additional headwinds. The company's product commoditization risk is significant because life insurance is largely a standardized product where price often determines purchasing decisions. While Globe Life's specialized distribution provides some differentiation, the underlying insurance products face intense price competition from online providers and direct writers with lower cost structures.
Risks & safety
Globe Life demonstrates a strong margin of safety from a financial stability perspective, though valuation metrics suggest limited upside potential. **Liquidity and Solvency:** - Strong cash generation with $421 million in free cash flow (Q1 2025) - Healthy current ratio of 18.1, indicating excellent short-term liquidity - Debt-to-equity ratio of 0.52 represents moderate leverage appropriate for an insurance company - Robust operating cash flow of $432 million quarterly provides substantial coverage of capital needs - Total assets of $29.7 billion backed by $21.4 billion in invested assets **Valuation Metrics:** - Price-to-earnings ratio of 10.8 suggests reasonable valuation relative to earnings - Price-to-book ratio of 2.0 is elevated for a financial services company - EV/EBITDA of 10.7 indicates moderate valuation - Return on equity of 19% demonstrates strong profitability - Graham number of $66.78 compared to current price of $120.96 suggests potential overvaluation **Other Considerations:** - Regulatory investigations create uncertainty and potential future costs - Strong underwriting margins provide buffer against adverse claims experience - Conservative investment portfolio reduces credit risk exposure - Consistent dividend payments and share repurchase program demonstrate capital return commitment
Recent development
Over the past few years, Globe Life has undergone significant strategic evolution while navigating regulatory challenges and market disruption. The company implemented a major leadership transition in 2023, appointing Frank Svoboda and Matt Darden as Co-CEOs, representing a planned succession that maintained operational continuity. The company has aggressively embraced digital transformation across its distribution channels. American Income Life and Liberty National shifted toward virtual sales and recruiting models, allowing agents to conduct business remotely and expanding their geographic reach. This digital pivot proved particularly valuable during the pandemic and has become a permanent part of the operating model. Direct-to-Consumer operations reduced reliance on traditional direct mail marketing in favor of digital channels to improve cost efficiency and reach younger demographics. Globe Life has focused intensively on agent recruitment and productivity improvements. The company invested heavily in middle management development across all agencies, recognizing that strong field leadership drives both agent recruitment and retention. Agent counts grew significantly across most channels, with American Income Life and Liberty National showing particularly strong growth in producing agent numbers. The company has been exploring capital optimization strategies, including the potential establishment of a Bermuda subsidiary platform that could provide more efficient capital management and potentially free up regulatory capital for deployment. This initiative represents a significant strategic move that could enhance long-term financial flexibility. Regulatory challenges have become a defining issue, with ongoing DOJ and SEC investigations into sales practices creating operational uncertainty. The company commissioned an independent review by WilmerHale law firm, which found no financial misconduct, but the investigations continue to influence operations and potentially limit strategic options. In response to margin pressures in supplemental health insurance, Globe Life has been redesigning products and adjusting pricing to better match claims experience with premium rates. The company expects these adjustments to improve health insurance profitability in 2026-2027, though near-term margins remain under pressure from increased healthcare utilization.
GL company profile · for informational purposes only — not investment advice.
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