1.26%
11.05%
17.27%
33.53%
0.83%
21.06%
18.78%
AI Spotlight on GL
Company Description
Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States.The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.It offers whole life, term life, and other life insurance products; Medicare supplement and supplemental health insurance, such as critical illness and accident plans; and single-premium and flexible-premium deferred annuities.
The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc.in August 2019.Globe Life Inc.
was incorporated in 1979 and is headquartered in McKinney, Texas.
Market Data
| Last Price | 123.84 |
| Change Percentage | 1.26% |
| Open | 121.42 |
| Previous Close | 122.3 |
| Market Cap ( Millions) | 10396 |
| Volume | 180269 |
| Year High | 132 |
| Year Low | 38.95 |
| M A 50 | 111.19 |
| M A 200 | 97.15 |
Financial Ratios
| FCF Yield | 13.35% |
| Dividend Yield | 0.78% |
| ROE | 22.49% |
| Debt / Equity | 59.52% |
| Net Debt / EBIDTA | 643.22% |
| Price To Book | 2.35 |
| Price Earnings Ratio | 9.98 |
| Price To FCF | 7.49 |
| Price To sales | 1.82 |
| EV / EBITDA | 31.89 |
News
- Jan -30 - Bronstein, Gewirtz & Grossman, LLC Is Investigating Globe Life Inc. (GL) And Encourages Stockholders to Connect
- Jan -30 - Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Globe Life Inc. (GL) and Encourages Stockholders to Learn More About the Investigation
- Jan -24 - GL.PR.D: A 7.24% YTM BBB+ Rated Addition To Our Long Duration Portfolio
- Jan -23 - Globe Life: A Stalwart That Can Balance Growth And Profitability
- Jan -16 - Globe Life Inc. AnnouncesFourth Quarter 2024 Earnings Release and Conference Call
- Jan -14 - Bronstein, Gewirtz & Grossman, LLC Is Investigating Globe Life Inc. (GL) And Encourages Shareholders to Connect
- Jan -13 - Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Globe Life Inc. (GL) And Encourages Shareholders to Reach Out
- Jan -12 - Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Globe Life Inc. (GL) and Encourages Shareholders to Learn More About the Investigation
- Jan -10 - Globe Life Rallies 33.9% in 6 Months: Here's How to Play the Stock
- Jan -10 - Globe Life Inc. (GL) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Contact the Firm to Learn More About the Investigation
- Jan -09 - Globe Life Inc. (GL) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Shareholders to Contact the Firm to Learn More About the Investigation
- Jan -08 - Bronstein, Gewirtz & Grossman, LLC Is Investigating Globe Life Inc. (GL) And Encourages Investors to Connect
- Jan -07 - Bronstein, Gewirtz & Grossman, LLC Encourages Globe Life Inc. (GL) Stockholders to Inquire about Securities Investigation
- Jan -06 - Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Globe Life Inc. (GL) and Encourages Investors to Learn More About the Investigation
- Jan -05 - GL INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces an Investigation into Globe Life Inc. and Encourages Investors to Contact the Firm
- Jan -03 - Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Globe Life Inc. (GL) And Encourages Stockholders to Reach Out
- Dec -31 - Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Globe Life Inc. (GL) and Encourages Stockholders to Learn More About the Investigation
- Dec -30 - Bronstein, Gewirtz & Grossman, LLC Encourages Globe Life Inc. (GL) Investors to Inquire about Securities Investigation
- Dec -29 - Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Globe Life Inc. (GL) and Encourages Investors to Learn More About the Investigation
- Dec -24 - Bronstein, Gewirtz & Grossman, LLC Is Investigating Globe Life Inc. (GL) And Encourages Stockholders to Connect
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Life
Expected Growth : 4.5 %
What the company do ?
Globe Life Inc.'s Life segment offers individual life insurance, supplemental health insurance, and annuity products to customers in the United States.
Why we expect these perspectives ?
Globe Life's 4.5% growth in Life segment is driven by increasing demand for term life insurance, expansion in the middle market, and strategic acquisitions. Additionally, the company's focus on underwriting excellence, diversified distribution channels, and effective expense management contribute to its growth momentum.
Segment n°2 -> Health
Expected Growth : 4.2 %
What the company do ?
Globe Life Inc.'s Health segment offers supplemental health insurance products, including Medicare Supplement, critical illness, and accident insurance, to individuals and families.
Why we expect these perspectives ?
Globe Life Inc.'s 4.2% growth in Health segment is driven by increasing demand for supplemental health insurance, expansion of Medicare Advantage plans, and rising healthcare costs. Additionally, strategic acquisitions, such as the purchase of Liberty Bankers Life, have contributed to the growth. Furthermore, the company's focus on digital transformation and customer engagement has improved sales and retention rates.
Segment n°3 -> Investment
Expected Growth : 4.8 %
What the company do ?
Globe Life Inc. invested $100 million in a 10-year, 4.15% senior unsecured notes offering to strengthen its capital structure and support business growth.
Why we expect these perspectives ?
Globe Life Inc.'s 4.8% growth is driven by increasing demand for life insurance and supplemental health products, expansion into new markets, and strategic acquisitions. Additionally, the company's focus on digital transformation, cost savings initiatives, and strong capital management have contributed to its growth momentum.
Segment n°4 -> Corporate & Other
Expected Growth : 3.8 %
What the company do ?
Corporate & Other from Globe Life Inc. refers to the company's headquarters and other miscellaneous operations, excluding its core insurance business.
Why we expect these perspectives ?
Globe Life's Corporate & Other segment growth of 3.8% is driven by increased investment income, favorable mortality experience, and expense management. Additionally, the company's strategic investments in technology and digital capabilities have improved operational efficiency, contributing to the segment's growth.
Globe Life Inc. Products
| Product Range | What is it ? |
|---|---|
| Life Insurance | Globe Life offers a range of life insurance products, including term life, whole life, and universal life insurance, to provide financial protection for loved ones in the event of death. |
| Accident Insurance | Globe Life's accident insurance provides financial protection against unexpected medical expenses resulting from accidents, including injuries and illnesses. |
| Supplemental Health Insurance | Globe Life's supplemental health insurance products provide additional financial protection against unexpected medical expenses, including hospital stays, surgeries, and other medical procedures. |
| Mortgage Protection Insurance | Globe Life's mortgage protection insurance provides financial protection for homeowners, paying off the mortgage balance in the event of death or disability. |
| Annuities | Globe Life's annuity products provide a guaranteed income stream for a set period or for life, helping individuals plan for retirement and ensure a steady income. |
Globe Life Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Globe Life Inc. is medium due to the presence of alternative insurance providers and financial institutions offering similar products.
Bargaining Power Of Customers
The bargaining power of customers is low for Globe Life Inc. as individual customers have limited negotiating power, and the company has a diversified customer base.
Bargaining Power Of Suppliers
The bargaining power of suppliers is medium for Globe Life Inc. as the company relies on a network of independent agents and brokers, but has some negotiating power due to its size and scale.
Threat Of New Entrants
The threat of new entrants is low for Globe Life Inc. due to the high barriers to entry in the insurance industry, including regulatory hurdles and capital requirements.
Intensity Of Rivalry
The intensity of rivalry is high for Globe Life Inc. due to the competitive nature of the insurance industry, with many established players competing for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 32.04% |
| Debt Cost | 5.95% |
| Equity Weight | 67.96% |
| Equity Cost | 7.84% |
| WACC | 7.23% |
| Leverage | 47.15% |
Globe Life Inc. : Quality Control
Globe Life Inc. passed 6 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| PRI | Primerica, Inc., together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings … |
| AEL | American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues fixed index and rate annuities, as well as single premium … |
| GNW | Genworth Financial, Inc. provides insurance products in the United States and internationally. The company operates in three segments: Enact, U.S. Life Insurance, and Runoff. The Enact segment offers mortgage insurance … |
| BHF | Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and … |
| FG | F&G Annuities & Life, Inc. provides fixed annuities and life insurance products. It serves retail annuity and life customers, as well as institutional clients. The company was founded in 1959 … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Primerica
A-Score
1-Year Total Return ->
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American Equity
A-Score
1-Year Total Return ->
🥉
Genworth Financial
A-Score
1-Year Total Return ->
4
F&G Annuities & Life
A-Score
1-Year Total Return ->
5
Globe Life
A-Score
1-Year Total Return ->
6
