|GL Overview
GL

GLOBE LIFE INC.

Financials • CIK: 0000320335

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Market Cap
$10.48B
P/E (TTM)
9.8x
Rev Growth (TTM)
Net Margin (TTM)
18.1%
FCF Yield (TTM)
FCF Margin (TTM)
22.9%

LATEST EARNINGS

Q4 FY2025
23 days ago
View source
Revenue
$1.52B
+3.6%
Net Income
$266.08M
+4.3%
EPS
$3.29
+9.3%
Operating
18.0% -0.1%
Net
17.5% +0.1%
  • Net operating income for the year increased 8% to $1,198,387 million, and net income increased 8% to $1,161,238 million.
  • Life insurance net sales increased 11% for the quarter, and net health sales increased 71%.
  • United American Division health net sales increased significantly from $30 million to approximately $77 million over the year-ago quarter.
  • The company repurchased 1.3 million shares of common stock during the quarter for $170 million.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$1.3B
Q2 '25
$295M-30%
Q1 '25
$420M+31%
FCF Margin
TTM22.9%
Q2 '2519.9%-30%
Sector: 21.9%Above Avg
OCF Margin
OCF/NI1.33x
CapEx Coverage20.5x
FCF Yield
FCF Growth (2Y)
Cash Conversion Cycle

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldEst.
Est.8.2%
Div Yield1.2%
+
Est. Buyback7.0%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)1.2%
FCF Payout Ratio9.5%
Free Cash Flow (TTM)$1.3B
Stock Repurchases ()$1.2B
Est. Dividends Paid (TTM)$127.8M
Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
14.0%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
18.1%
Asset Turnover
0.20x
Leverage (1+D/E)
1.51x
D/E: 0.51x
DuPont: 5.5%14.0% ROIC
Asset & CapEx Efficiency
Invested Cap Turn
0.77x
8Q:
CapEx Intensity
0.9%
8Q:
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Revenue
$5.9B
$1.5B0.1%
$1.5B1.0%
$1.5B0.7%
$1.5B1.1%
$1.4B1.7%
$1.4B0.0%
$1.4B2.3%
$1.4B
Operating Income
$1.3B
$313.3M0.9%
$316.1M13.9%
$277.5M27.6%
$383.1M13.1%
$338.6M3.4%
$327.4M0.0%
$327.4M1.6%
$322.1M
Net Income
$1.1B
$252.7M0.7%
$254.6M0.2%
$255.2M15.8%
$303.0M17.3%
$258.4M1.6%
$254.2M7.5%
$274.8M6.9%
$257.1M
Operating Cash Flow
$1.4B
$307.9M28.7%
$431.9M28.2%
$336.9M1.1%
$340.6M9.0%
$374.1M6.6%
$350.8M10.4%
$391.4M36.4%
$286.9M
Free Cash Flow
$1.3B
$295.0M29.8%
$420.1M30.5%
$321.9M3.4%
$311.3M12.7%
$356.5M4.3%
$341.7M9.7%
$378.3M37.0%
$276.1M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
9.8x
Valuation Lenses
Earnings
9.8x
vs sector
Cash Flow
10.1x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
0.7P/E per %ROIC
ROIC: 14.0%
Shareholder Returns
Dividend
1.2%
Buyback
Total Yield
Market Cap$10.48B
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
92/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 10%
20.6%
8Q:
Return on Invested Capital (ROIC)Top 25%
14.0%
8Q:
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 18.1%
Asset Turnover: 0.20x

Earnings Quality

Cash Conversion

1.33x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin100.0%

Capital Efficiency

Invested Capital Turnover0.77x

Working Capital

Cash Conversion Cycle

Growth Quality & Momentum

Growth Rates

Revenue Growth YoY
N/A
OpInc Growth YoY
-7.5%
EPS Growth YoY
N/A
FCF 3Y CAGR
N/A

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
100.0%
Operating
22.4%
Below Avg in sector
Net
18.1%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+4.8 pts
FCF: 22.9% | Net: 18.1%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Adequate
Net Debt / EBITDA
Net Debt: $2.43B
Interest Coverage
Leverage Metrics
Debt-to-Equity
0.51x
Balance sheet risk & solvency analysis