Globe Life

NYSE: GL

Stock price

156.14 USD

(+67.53%) 5 years

Financial Performance

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5Y price score: 99

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 158%

DATE RANGE:

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127.8

52-week range

191.5

156.14

Your model inputs

Required return / cost of capital
%
FCFF terminal growth rate
%

Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

Forecast:

Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

8.2 %

Dividend Yield TTM

0.8 %

Market cap $

$ 11,999

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

10.4

Price / Book TTM

2

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

0.6

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

15.9 %

72.3 %

158 %

Free cash flow per share growth

46.5 %

15.9 %

81.5 %

Earnings per share growth

(1.9) %

106.2 %

238 %

Founded: 1,900

Employees: 3,732

Business Summary: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.

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Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q3 (Oct 22, 2026)

1) Financial Performance Overview - Net income for Q3 2026 was $361 million, or $4.62 per share, down 2% YoY from $4.73. - Net operating income increased 1% YoY to $379 million, or $4.84 per share. - Total premium revenue grew 7% YoY, with life premium revenue up 2% to $865 million and health premium revenue up 16% to $447 million. - Return on equity (ROE) was 19.7%, with book value per share at $85.35, a 23% increase YoY.

2) Segment Results and Underwriting Margins - Life underwriting margin decreased 5% YoY to $458 million, primarily due to assumption updates; however, excluding these updates, it would have increased by approximately 3%. - Health underwriting margin rose 7% YoY to $116 million, with expectations for full-year growth of 4.0% to 4.5%. - Administrative expenses were $95 million, up 6% YoY, maintaining a ratio of 7.3% of premium.

3) Challenges and Headwinds - Underwriting results at United American were negatively impacted by a CMS process change and high severity claims at Evri, leading to a negative health underwriting margin of $6 million. - The company faced a $7 million excess in Medicare Supplement claims due to prior period processing delays. - The average producing agent count at American Income Life decreased by 7%, although productivity improved.

4) Strategic Initiatives and Future Outlook - The company anticipates total premium revenue growth of around 6.5% for the full year and expects life premium revenue to grow between 2.5% to 2.75%. - For 2027, guidance includes net operating earnings per diluted share in the range of $16.10 to $17.10, reflecting a 7% increase at the midpoint. - The company plans to continue share repurchases, estimating $725 million to $775 million for the year, with a focus on maintaining capital levels at insurance subsidiaries.

5) Missing Information and Guidance Clarity - The call did not provide specific details on the expected life margin for Q4 2026 or the anticipated impact of assumption updates on future earnings guidance. - Further clarity on the long-term viability and strategic importance of Evri within the overall business model was also not fully addressed.

Bottom line: Globe Life Inc. demonstrated solid financial performance in Q3 2026, with growth in premium revenue and net operating income, despite facing challenges from high claims and operational adjustments. The company is strategically positioned for future growth, with a focus on maintaining strong underwriting margins and returning capital to shareholders through buybacks and dividends.

Annual Reports, Presentations And IR Contacts

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Globe Life — Financial Overview, Stock Price, Market Cap

Globe Life is a company. Founded in 1900. As of October 23, 2026, the company's market capitalization is $11999280930 with a current stock price of $156.14.