Life Insurance · SIC 6311

GLOBE LIFE INC.

GL

Watch

Latest revenue

$289.8M

as of 2026-03-31

Latest net income

$270.5M

as of 2026-03-31

Net margin

93.3%

as of 2026-03-31

Price · 5Y

+9.1% / yr 4.6 pts / yr vs S&P 500 54.6% total
Compare:

Live market

delayed ≤15 min
$156.28
0.20%
Market cap
$12.13B
Enterprise value
$-2.95B
P/E (trailing)
10.4×
Forward P/E
P/B
2.13×
Dividend yield
0.7%
52-wk high
$157.92
52-wk low
$116.73
Beta
Shares out
77.6M

5-year trend

What this company does

AI

Globe Life sells life and supplemental health insurance policies, primarily to middle-income American families through captive agents and direct-to-consumer channels. Premiums drive the business, with $3.6 billion in life and health premium income over nine months and $849 million in net investment income on its $20 billion bond-heavy portfolio. Earnings jumped 28% in Q3 on favorable policy benefit remeasurement gains of $158 million, while the company aggressively repurchased $689 million of stock year-to-date.

Generated from GL's filing dated 2026-02-25

Key risks

AI
  • Fixed-maturity portfolio sits at $17.80B fair value vs $18.95B amortized cost — a $1.15B unrealized loss limiting investment flexibility.
  • Heavy buybacks ($689M YTD) and $2.71B total debt against $5.69B equity; leverage rising while AOCI remains -$1.97B.
  • Earnings flattered by $174.7M YTD life-policy remeasurement gain; reversal of favorable assumption updates could materially compress reported benefits.

Generated from GL's filing dated 2026-02-25

Profitability

Net margin

19.4%

4.5%

Return on equity

19.4%

18.6%

Return on assets

3.8%

99.1%

Leverage

Debt / equity

4.16×

542.3%

Long-term debt / equity

0.39×

25.0%

Debt / assets

80.6%

105.2%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$289.8M+3.3%$270.5M+6.3%93.3%

Q4 2025

2025-12-31

$5.15B+4.5%$266.1M+4.3%5.2%

Q3 2025

2025-09-30

$286.0M+0.4%$387.8M+28.0%135.6%

Q2 2025

2025-06-30

$282.2M-1.2%$252.7M-2.2%89.6%

Q1 2025

2025-03-31

$280.6M-0.7%$254.6M+0.1%90.7%

Q4 2024

2024-12-31

$4.92B$255.2M5.2%

Q3 2024

2024-09-30

$285.0M+6.8%$303.0M+17.9%106.3%

Q2 2024

2024-06-30

$285.6M+9.3%$258.4M+20.0%90.4%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Life Insurance · SIC 6311

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Insider activity

Insider buying

$0

Insider selling

$70.4M

Net activity

−$70.4M

Distinct insiders

11

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-05-19

Thomas Peter Kalmbach

EVP & CFO

Sale11,903$156.61$1.9M
2026-05-11

Thomas Peter Kalmbach

EVP & CFO

Sale13,876$153.59$2.1M
2026-05-11

Thomas Peter Kalmbach

EVP & CFO

Sale1,761$154.16$271.5K
2026-05-08

Thomas Peter Kalmbach

EVP & CFO

Sale11,349$152.01$1.7M
2026-05-08

Thomas Peter Kalmbach

EVP & CFO

Sale441$152.41$67.2K
2026-05-06

Michael Shane Henrie

SVP & Chief Accounting Officer

Sale1,645$155.01$255.0K
2026-05-06

Michael Shane Henrie

SVP & Chief Accounting Officer

Sale505$155.78$78.7K
2026-05-05

Frank M Svoboda

Co-Chairman & CEO

Sale11,759$153.56$1.8M
2026-05-05

Frank M Svoboda

Co-Chairman & CEO

Sale1,095$154.07$168.7K
2026-05-05

James Matthew Darden

Co-Chairman & CEO

Sale12,905$153.53$2.0M
2026-05-05

James Matthew Darden

Co-Chairman & CEO

Sale9,114$154.29$1.4M
2026-05-04

Frank M Svoboda

Co-Chairman & CEO

Sale2,146$153.48$329.4K
2026-05-01

Frank M Svoboda

Co-Chairman & CEO

Sale8,720$153.68$1.3M
2026-05-01

Frank M Svoboda

Co-Chairman & CEO

Sale1,280$154.23$197.4K
2026-04-28

James Matthew Darden

Co-Chairman & CEO

Sale4,663$153.88$717.5K
2026-04-24

Michael Clay Majors

EVP - Chief Strategy Officer

Sale5,165$152.84$789.4K
2026-04-24

Michael Clay Majors

EVP - Chief Strategy Officer

Sale17,251$153.69$2.7M
2026-04-24

Michael Clay Majors

EVP - Chief Strategy Officer

Sale11,584$154.43$1.8M
2026-04-24

Michael Shane Henrie

SVP & Chief Accounting Officer

Sale526$154.35$81.2K
2026-04-24

Michael Shane Henrie

SVP & Chief Accounting Officer

Sale3,065$154.64$474.0K
2026-03-31

Rebecca E Zorn

EVP & Chief Talent Officer

Sale2,126$135.66$288.4K
2026-03-31

Rebecca E Zorn

EVP & Chief Talent Officer

Sale4,724$136.71$645.8K
2026-03-31

Rebecca E Zorn

EVP & Chief Talent Officer

Sale1,950$137.40$267.9K

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns GL

No institutional holdings on file for GL yet.

Source: SEC Form 13F-HR. Updated quarterly (45-day filing lag).

Top questions investors are asking

AI
  1. 1

    Life policyholder benefits dropped to $381M on a $149.5M remeasurement gain—how much of Q3 EPS upside is recurring versus one-time assumption relief?

  2. 2

    Health benefits ratio rose to 59% YTD ($692M/$1.13B) versus 60% prior year despite premium growth—what's driving claims trend and pricing response?

  3. 3

    With $689M YTD buybacks and only $5.69B equity against $17.8B AFS securities carrying $1.15B unrealized losses, how are you defending statutory capital adequacy?

Refreshed when GL files a new report · last from 2026-02-25