Cash flow Globe Life Inc.

Equities

GL

US37959E1029

Life & Health Insurance

Real-time Estimate Cboe BZX Other stock markets 19:16:34 12/02/2026 GMT			5-day change	1st Jan Change
143.46 ^USD	-0.33%		-2.44%	+2.51%

02:18pm	BMO Capital Adjusts Price Target on Globe Life to $146 From $145, Maintains Market Perform Rating	MT
02-11	Globe Life Insider Sold Shares Worth $258,843, According to a Recent SEC Filing	MT

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Published financial data: GLOBE LIFE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Premiums and Annuity Revenues	3.81B	4.1B	4.3B	4.46B	4.67B
Total Interest And Dividend Income	927M	952M	987M	1.06B	1.14B
Gain (Loss) on Sale of Investments, Total (Rev)	-4.37M	59.32M	-76.55M	-65.68M	-24.19M
Other Revenues, Total	1.32M	1.22M	1.25M	308K	354K
Total Revenues	4.74B	5.11B	5.21B	5.45B	5.78B
Policy Benefits	2.57B	2.86B	2.87B	2.86B	2.89B
Policy Acquisition / Underwriting Costs, Total	881M	935M	999M	920M	995M
Selling General & Admin Expenses, Total	9.8M	10M	9.4M	19.2M	15.7M
Stock-Based Compensation (IS)	35.89M	30.27M	35.65M	30.74M	40.12M
Other Operating Expenses	252M	274M	306M	316M	357M
Total Operating Expenses	3.75B	4.11B	4.22B	4.15B	4.3B
Operating Income	987M	1B	999M	1.3B	1.48B
Interest Expense, Total	-86.7M	-83.49M	-90.4M	-102M	-127M
EBT, Excl. Unusual Items	900M	921M	909M	1.2B	1.35B
Legal Settlements	-3.28M	-8.14M	-2.5M	-900K	-21.58M
EBT, Incl. Unusual Items	897M	912M	906M	1.19B	1.33B
Income Tax Expense	165M	167M	167M	224M	256M
Earnings From Continuing Operations	732M	745M	740M	971M	1.07B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	732M	745M	740M	971M	1.07B
Net Income - (IS)	732M	745M	740M	971M	1.07B
Net Income to Common Incl Extra Items	732M	745M	740M	971M	1.07B
Net Income to Common Excl. Extra Items	732M	745M	740M	971M	1.07B
Per Share Items
Net EPS - Basic	6.9	7.3	7.55	10.21	11.99
Basic EPS - Continuing Operations	6.9	7.3	7.55	10.21	11.99
Basic Weighted Average Shares Outstanding	106M	102M	97.93M	95.1M	89.28M
Net EPS - Diluted	6.82	7.22	7.47	10.07	11.94
Diluted EPS - Continuing Operations	6.82	7.22	7.47	10.07	11.94
Diluted Weighted Average Shares Outstanding	107M	103M	98.98M	96.36M	89.66M
Normalized Basic EPS	5.3	5.64	5.8	7.85	9.44
Normalized Diluted EPS	5.25	5.58	5.74	7.75	9.4
Dividend Per Share	0.75	0.79	0.83	0.9	0.96
Payout Ratio	10.69	10.74	10.89	8.66	7.98
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	1B	1.02B	1.02B	1.32B	1.5B
EBITA	987M	1B	999M	1.3B	1.48B
EBIT	987M	1B	999M	1.3B	1.48B
EBITDAR	1.01B	1.03B	1.02B	1.32B	1.51B
Total Revenues (As Reported)	4.74B	5.11B	5.21B	5.45B	5.78B
Effective Tax Rate - (Ratio)	18.39	18.35	18.38	18.72	19.29
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	130M	145M	138M	146M	218M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	35.26M	22.71M	28.36M	77.63M	37.74M
Normalized Net Income	562M	575M	568M	747M	843M
Interest on Long-Term Debt	77.35M	78.18M	80.48M	80.32M	91.08M
Non-Cash Pension Expense	9.36M	10.11M	2.42M	-6.34M	-8.44M
Supplemental Operating Expense Items
Advertising Expense	9.8M	10M	9.4M	19.2M	15.7M
Selling and Marketing Expenses	9.8M	10M	9.4M	19.2M	15.7M
Net Rental Expense, Total	4.67M	4.67M	4.24M	3.52M	3.21M
Imputed Operating Lease Interest Expense	1.81M	1.58M	1.49M	1.32M	1.22M
Imputed Operating Lease Depreciation	2.87M	3.09M	2.74M	2.2M	1.99M
Stock-Based Comp., Other (Total)	35.89M	30.27M	35.65M	30.74M	40.12M
Total Stock-Based Compensation	35.89M	30.27M	35.65M	30.74M	40.12M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Investment In Debt Securities	21.21B	21.31B	16.5B	17.87B	17.16B
Investment In Equity and Preferred Securities, Total	691M	544M	652M	651M	691M
Mortgage Loans	161M	566M	613M	691M	962M
Policy Loans	584M	590M	615M	657M	700M
Total Other Investments	109M	80.96M	140M	122M	131M
Total investments	22.76B	23.09B	18.52B	19.99B	19.64B
Cash And Equivalents	94.85M	92.16M	92.56M	103M	165M
Other Receivables - (Insurance Template)	723M	739M	744M	901M	962M
Deferred Policy Acquisition Costs - (BS)	4.6B	4.91B	5.25B	6.01B	6.5B
Gross Property Plant And Equipment	350M	378M	406M	455M	527M
Accumulated Depreciation	-164M	-173M	-194M	-215M	-242M
Net Property Plant And Equipment	186M	205M	212M	240M	285M
Goodwill	442M	482M	482M	482M	490M
Other Current Assets, Total	-	-	-	-	-
Other Long-Term Assets, Total	247M	250M	233M	325M	1.04B
Total Assets	29.05B	29.77B	25.54B	28.05B	29.08B
Liabilities
Insurance And Annuity Liabilities	15.34B	16.13B	16.85B	19.56B	18.55B
Unpaid Claims	400M	413M	430M	515M	533M
Unearned Premiums	61.73M	65.47M	60.74M	255M	258M
Current Portion of Long-Term Debt	-	150M	166M	170M	-
Current Portion of Leases	5.31M	-	-	-	-
Short-Term Borrowings	255M	330M	284M	317M	415M
Long-Term Debt	1.25B	1.11B	1.19B	1.33B	2.26B
Long-Term Leases	15.71M	-	-	-	-
Trust Preferred Securities (BS)	414M	441M	441M	441M	441M
Current Income Taxes Payable	1.83B	1.77B	686M	495M	731M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	-	-	-	-	-
Deferred Tax Liability Non-Current	-	-	-	-	-
Other Non Current Liabilities	695M	722M	542M	488M	583M
Total Liabilities	20.28B	21.13B	20.64B	23.56B	23.77B
Common Stock, Total	113M	109M	105M	102M	97.22M
Additional Paid In Capital	527M	521M	530M	532M	528M
Retained Earnings	5.87B	6.18B	6.47B	7.48B	8B
Treasury Stock	-773M	-847M	-790M	-854M	-1.29B
Comprehensive Income and Other	3.03B	2.68B	-1.42B	-2.77B	-2.03B
Total Common Equity	8.77B	8.64B	4.9B	4.49B	5.31B
Total Equity	8.77B	8.64B	4.9B	4.49B	5.31B
Total Liabilities And Equity	29.05B	29.77B	25.54B	28.05B	29.08B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	103M	99.34M	96.5M	93.71M	83.85M
ECS Total Common Shares Outstanding	104M	99.57M	96.74M	93.79M	83.98M
Book Value / Share	84.5	86.8	50.61	47.84	63.18
Tangible Book Value	8.33B	8.16B	4.41B	4.01B	4.82B
Tangible Book Value Per Share	80.25	81.96	45.63	42.7	57.34
Total Debt	1.94B	2.03B	2.08B	2.25B	3.11B
Net Debt	1.85B	1.93B	1.98B	2.15B	2.95B
Debt Equivalent of Unfunded Proj. Benefit Obligation	234M	181M	62.79M	56.79M	20.21M
Debt Equivalent Oper. Leases	37.39M	37.39M	33.91M	28.15M	25.66M
Equity Method Investments, Total	306M	328M	315M	267M	270M
Account Code - Inventory Valuation	3	3	3	-	3
Full Time Employees	3.26K	3.22K	3.54K	3.64K	3.73K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	732M	745M	740M	971M	1.07B
Depreciation, Depletion & Amortization	17M	20M	21M	21M	27M
Total Depreciation, Depletion & Amortization	17M	20M	21M	21M	27M
(Gain) Loss on Sale of Investments - (CF)	4.37M	-59.32M	76.55M	65.68M	24.19M
Amort. Of Deferred Policy Acq. Costs - (CF)	576M	604M	624M	380M	410M
Change In Income Taxes	88.16M	71.92M	50.72M	101M	77.93M
Change in insurance Reserves / Liabilities	833M	873M	865M	840M	751M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities	-773M	-817M	-955M	-896M	-958M
Cash from Operations	1.48B	1.44B	1.42B	1.48B	1.4B
Capital Expenditure	-41.76M	-38.24M	-27.93M	-49.55M	-71.04M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1.12B	-813M	-890M	-720M	-407M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-8.89M	-5.26M	-25.23M	-157M	-163M
Other Investing Activities, Total	-7.05M	-56.7M	-	-	96K
Cash from Investing	-1.18B	-913M	-943M	-926M	-642M
Short Term Debt Issued, Total	-	74.97M	-	32.96M	485M
Long-Term Debt Issued, Total	700M	325M	250M	170M	530M
Total Debt Issued	700M	400M	250M	203M	1.01B
Short Term Debt Repaid, Total	-34.44M	-	-46.29M	-	-386M
Long-Term Debt Repaid, Total	-387M	-300M	-150M	-166M	-
Total Debt Repaid	-421M	-300M	-196M	-166M	-386M
Issuance of Common Stock	48.09M	69.83M	107M	114M	51.79M
Repurchase of Common Stock	-444M	-541M	-455M	-511M	-1B
Common Dividends Paid	-78.19M	-80.04M	-80.55M	-84.12M	-85.48M
Common & Preferred Stock Dividends Paid	-78.19M	-80.04M	-80.55M	-84.12M	-85.48M
Annuity Receipts	-	-	-	-	112M
Annuity Payments	-72.93M	-64.24M	-113M	-96.94M	-
Other Financing Activities, Total	-5.84M	-7.69M	-5.27M	-757K	-421M
Cash from Financing	-274M	-524M	-492M	-541M	-716M
Foreign Exchange Rate Adjustments	-1.73M	-3.39M	13.67M	-4.19M	17.08M
Net Change in Cash	18.91M	-2.68M	396K	10.6M	62.17M
Supplemental Items
Cash Interest Paid	83.52M	83.07M	88.81M	99.54M	117M
Cash Income Tax Paid (Refund)	76.7M	96.22M	115M	121M	175M
Net Debt Issued / Repaid	279M	99.97M	54.2M	37.35M	629M
Levered Free Cash Flow	1.43B	1.16B	104M	1.18B	1.44B
Unlevered Free Cash Flow	1.49B	1.21B	160M	1.24B	1.52B
Change In Net Working Capital	-283M	28.47M	1.12B	-47.23M	-193M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.24	2.13	2.26	3	3.23
Return on Total Capital	6.27	5.87	7.08	12.68	12.17
Return On Equity %	9.11	8.56	10.93	23.01	21.87
Return on Common Equity	9.11	8.56	10.93	23.01	21.87
Margin Analysis
Gross Profit Margin %	27.11	25.78	25.9	30.54	32.69
SG&A Margin	0.21	0.2	0.18	0.35	0.27
EBITDA Margin %	21.18	20.03	19.56	24.2	26
EBITA Margin %	20.82	19.64	19.16	23.82	25.53
EBIT Margin %	20.82	19.64	19.16	23.82	25.53
Income From Continuing Operations Margin %	15.44	14.57	14.18	17.82	18.53
Net Income Margin %	15.44	14.57	14.18	17.82	18.53
Net Avail. For Common Margin %	15.44	14.57	14.18	17.82	18.53
Normalized Net Income Margin	11.87	11.25	10.89	13.71	14.58
Levered Free Cash Flow Margin	30.24	22.74	1.99	21.59	24.96
Unlevered Free Cash Flow Margin	31.38	23.76	3.08	22.76	26.33
Asset Turnover
Asset Turnover	0.17	0.17	0.19	0.2	0.2
Fixed Assets Turnover	27.31	26.15	25.01	24.1	22.01
Short Term Liquidity
Current Ratio	0.36	0.33	0.58	0.62	0.63
Quick Ratio	0.26	0.24	0.43	0.47	0.49
Operating Cash Flow to Current Liabilities	0.58	0.53	0.87	0.85	0.72
Average Days Payable Outstanding	40.53	39.07	39.81	49.4	49.29
Long Term Solvency
Total Debt/Equity	22.16	23.44	42.42	50.23	58.65
Total Debt / Total Capital	18.14	18.99	29.79	33.43	36.97
LT Debt/Equity	19.19	17.89	33.25	39.39	50.82
Long-Term Debt / Total Capital	15.71	14.5	23.35	26.22	32.03
Total Liabilities / Total Assets	69.8	70.97	80.83	84.01	81.75
EBIT / Interest Expense	11.38	12.03	11.05	12.68	11.61
EBITDA / Interest Expense	11.63	12.27	11.29	12.89	11.82
(EBITDA - Capex) / Interest Expense	11.15	11.81	10.98	12.4	11.26
Total Debt / EBITDA	1.93	1.98	2.04	1.71	2.07
Net Debt / EBITDA	1.83	1.89	1.95	1.63	1.96
Total Debt / (EBITDA - Capex)	2.01	2.06	2.09	1.78	2.17
Net Debt / (EBITDA - Capex)	1.91	1.96	2	1.69	2.06
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.65	7.91	2	4.22	6.07
Gross Profit, 1 Yr. Growth %	-2.73	2.61	2.49	6.93	13.52
EBITDA, 1 Yr. Growth %	-3.49	2.03	-0.37	8.43	13.94
EBITA, 1 Yr. Growth %	-3.64	1.76	-0.48	8.58	13.71
EBIT, 1 Yr. Growth %	-3.64	1.76	-0.48	8.58	13.71
Earnings From Cont. Operations, 1 Yr. Growth %	-3.83	1.8	-0.71	8.54	10.3
Net Income, 1 Yr. Growth %	-3.81	1.8	-0.71	8.54	10.3
Normalized Net Income, 1 Yr. Growth %	-4.22	2.29	-1.27	8.2	12.81
Diluted EPS Before Extra, 1 Yr. Growth %	-0.15	5.87	3.46	11.39	18.57
Net Property, Plant and Equip., 1 Yr. Growth %	15.53	10.22	3.41	13.21	18.75
Total Assets, 1 Yr. Growth %	11.82	2.48	-14.21	7.95	3.65
Common Equity, 1 Yr. Growth %	20.25	-1.46	-43.35	13.6	18.25
Tangible Book Value, 1 Yr. Growth %	21.55	-2.02	-45.91	15.49	20.23
Cash From Operations, 1 Yr. Growth %	8.25	-2.62	-1.08	4.24	-5.4
Capital Expenditures, 1 Yr. Growth %	-1.06	-8.41	-26.97	77.42	43.37
Levered Free Cash Flow, 1 Yr. Growth %	-46.23	-18.83	-91.06	-983.47	22.61
Unlevered Free Cash Flow, 1 Yr. Growth %	-45.28	-18.28	-86.79	-1.72K	22.69
Dividend Per Share, 1 Yr. Growth %	8.7	5.33	5.06	8.43	6.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.92	6.27	4.91	3.23	5.14
Gross Profit, 2 Yr. CAGR %	2.05	-0.09	2.55	-0.79	10.17
EBITDA, 2 Yr. CAGR %	1.89	-0.77	0.82	-2.47	11.15
EBITA, 2 Yr. CAGR %	1.71	-0.98	0.63	-2.55	11.11
EBIT, 2 Yr. CAGR %	1.71	-0.98	0.63	-2.55	11.11
Earnings From Cont. Operations, 2 Yr. CAGR %	2.13	-1.05	0.54	-2.97	9.42
Net Income, 2 Yr. CAGR %	2.14	-1.05	0.54	-2.97	9.42
Normalized Net Income, 2 Yr. CAGR %	2.08	-1.02	0.49	-3.47	10.48
Diluted EPS Before Extra, 2 Yr. CAGR %	5.82	2.82	4.66	0.4	14.93
Net Property, Plant and Equip., 2 Yr. CAGR %	17.38	12.84	6.76	8.2	15.95
Total Assets, 2 Yr. CAGR %	12.15	7.05	-6.24	-2.93	5.78
Common Equity, 2 Yr. CAGR %	27.27	8.85	-25.29	-27.95	15.9
Tangible Book Value, 2 Yr. CAGR %	29.41	9.13	-27.2	-29.95	17.84
Cash From Operations, 2 Yr. CAGR %	7.5	2.67	-1.85	1.54	-0.7
Capital Expenditures, 2 Yr. CAGR %	-3.77	-4.81	-18.22	13.83	59.49
Levered Free Cash Flow, 2 Yr. CAGR %	13.39	-33.94	-73.06	3.26	229.12
Unlevered Free Cash Flow, 2 Yr. CAGR %	12.7	-33.13	-67.15	3.61	345.59
Dividend Per Share, 2 Yr. CAGR %	8.25	7	5.2	6.74	7.55
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.47	5.91	4.82	4.76	4.17
Gross Profit, 3 Yr. CAGR %	3.09	2.24	0.76	9.01	3.77
EBITDA, 3 Yr. CAGR %	2.71	1.94	-0.64	9.52	2.72
EBITA, 3 Yr. CAGR %	2.54	1.73	-0.81	9.56	2.59
EBIT, 3 Yr. CAGR %	2.54	1.73	-0.81	9.56	2.59
Earnings From Cont. Operations, 3 Yr. CAGR %	-20.53	2.02	-0.94	9.88	1.27
Net Income, 3 Yr. CAGR %	-20.47	2.03	-0.93	9.88	1.27
Normalized Net Income, 3 Yr. CAGR %	2.71	2.15	-1.11	9.92	1.67
Diluted EPS Before Extra, 3 Yr. CAGR %	-17.76	5.84	3.03	13.87	6.12
Net Property, Plant and Equip., 3 Yr. CAGR %	19.87	14.94	9.61	8.87	11.61
Total Assets, 3 Yr. CAGR %	7.36	8.83	-0.57	-1.16	-0.78
Common Equity, 3 Yr. CAGR %	12.07	16.86	-12.44	-20.02	-15.01
Tangible Book Value, 3 Yr. CAGR %	12.89	17.95	-13.64	-21.66	-16.13
Cash From Operations, 3 Yr. CAGR %	1.09	4.01	1.41	0.14	-0.82
Capital Expenditures, 3 Yr. CAGR %	27.21	-5.34	-12.86	5.87	22.93
Levered Free Cash Flow, 3 Yr. CAGR %	29.08	1.43	-66.08	-6.36	9.35
Unlevered Free Cash Flow, 3 Yr. CAGR %	34.34	1.25	-61.06	-5.87	9.62
Dividend Per Share, 3 Yr. CAGR %	7.72	7.27	6.35	6.27	6.71
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.7	5.38	4.65	4.83	5
Gross Profit, 5 Yr. CAGR %	3.78	3.92	2.87	6.17	7.42
EBITDA, 5 Yr. CAGR %	3.36	3.42	1.95	6.4	7.63
EBITA, 5 Yr. CAGR %	3.2	3.25	1.77	6.35	7.58
EBIT, 5 Yr. CAGR %	3.2	3.25	1.77	6.35	7.58
Earnings From Cont. Operations, 5 Yr. CAGR %	7.22	6.66	-12.69	6.71	7.07
Net Income, 5 Yr. CAGR %	6.78	6.26	-12.65	6.71	7.07
Normalized Net Income, 5 Yr. CAGR %	3.27	3.58	1.81	6.71	7.49
Diluted EPS Before Extra, 5 Yr. CAGR %	10.88	10.36	-9.43	10.58	11.82
Net Property, Plant and Equip., 5 Yr. CAGR %	17.51	16.14	14.44	12.2	12.1
Total Assets, 5 Yr. CAGR %	7.91	6.79	1.7	3.96	2.28
Common Equity, 5 Yr. CAGR %	16.68	13.61	-4.71	-3.69	-6.17
Tangible Book Value, 5 Yr. CAGR %	18.18	14.62	-5.28	-4.24	-6.81
Cash From Operations, 5 Yr. CAGR %	5.68	0.55	-0.1	3.02	0.56
Capital Expenditures, 5 Yr. CAGR %	2.47	8.73	6.6	1.9	10.98
Levered Free Cash Flow, 5 Yr. CAGR %	22.01	-3.24	-31.03	1.09	-11.55
Unlevered Free Cash Flow, 5 Yr. CAGR %	20.81	-3.11	-23.52	1.16	-10.95
Dividend Per Share, 5 Yr. CAGR %	6.79	7.12	6.71	7.06	6.83