# Globe Life Inc. (GL)

**Exchange:** NYSE  
**Sector:** Financial Services  
**Market cap:** $13.59B  
**Price:** $164.64 (+1.30%)

> Globe Life Inc. is an insurance holding company that provides a broad range of life and supplemental health insurance products, along with annuities, to individuals and families in the United States. Headquartered in McKinney, Texas, the company operates through core segments that include life insurance, supplemental health insurance, and investments. Its life insurance offerings span traditional whole life, interest-sensitive whole life, and term life policies designed to provide financial protection and coverage flexibility. In health insurance, Globe Life focuses on guaranteed-renewable products such as Medicare supplement, critical illness, accident, and limited-benefit hospital and surgical coverage. The company also offers fixed-benefit annuity contracts aimed at supporting long-term financial planning needs. Globe Life distributes its products through multiple channels, including captive agencies, independent agents, and direct-to-consumer platforms, allowing it to reach a wide customer base across diverse income levels and geographies. Through its investment operations, the company manages a largely fixed-maturity portfolio structured to support policy obligations and maintain the stability of its insurance offerings in the broader financial services market.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $5.99B | — | — | $1.16B | $14.07 |
| 2024 | $5.78B | — | — | $1.07B | $11.94 |
| 2023 | $5.45B | $1.26B | $1.27B | $971M | $10.07 |
| 2022 | $5.23B | $1.18B | $1.19B | $894M | $9.04 |
| 2021 | $5.11B | $1.22B | $1.23B | $1.03B | $9.99 |
| 2020 | $4.74B | $901M | $905M | $732M | $6.82 |
| 2019 | $4.53B | $911M | $920M | $761M | $6.83 |
| 2018 | $4.30B | $865M | $871M | $701M | $6.09 |
| 2017 | $4.16B | $807M | $821M | $1.45B | $12.22 |
| 2016 | $3.93B | $783M | $787M | $550M | $4.49 |
| 2015 | $3.77B | $775M | $776M | $527M | $4.16 |
| 2014 | $3.62B | $761M | $772M | $543M | $4.09 |
| 2013 | $3.49B | $747M | $756M | $528M | $3.79 |
| 2012 | $3.59B | $728M | $754M | $529M | $3.60 |
| 2011 | $3.38B | $698M | $732M | $497M | $4.53 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $30.81B | $24.84B | $5.97B | — | $2.32B |
| 2024 | $29.08B | $23.77B | $5.31B | — | $2.32B |
| 2023 | $28.05B | $23.56B | $4.49B | — | $1.63B |
| 2022 | $25.99B | $22.04B | $3.95B | — | $1.79B |
| 2021 | $29.77B | $21.13B | $2.00B | — | $1.70B |
| 2020 | $29.05B | $20.28B | $8.77B | — | $1.67B |
| 2019 | $25.98B | $18.68B | $7.29B | — | $1.36B |
| 2018 | $23.10B | $17.68B | $5.42B | — | $1.36B |
| 2017 | $23.47B | $17.24B | $6.23B | — | $1.14B |
| 2016 | $21.44B | $16.87B | $4.57B | — | $1.14B |
| 2015 | $19.85B | $15.80B | $4.06B | — | $744M |
| 2014 | $20.27B | $15.57B | $4.70B | — | $992M |
| 2013 | $18.19B | $14.42B | $3.78B | — | $991M |
| 2012 | $18.78B | $14.42B | $4.36B | $62M | $990M |
| 2011 | $16.59B | $12.73B | $3.86B | $84M | $914M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $1.40B | $142M | $1.25B |
| 2024 | $1.40B | $71M | $1.33B |
| 2023 | $1.48B | $50M | $1.43B |
| 2022 | $1.42B | $28M | $1.39B |
| 2021 | $1.44B | $38M | $1.40B |
| 2020 | $1.48B | $42M | $1.43B |
| 2019 | $1.36B | $42M | $1.32B |
| 2018 | $1.28B | $45M | $1.23B |
| 2017 | $1.43B | $20M | $1.41B |
| 2016 | $1.40B | $25M | $1.37B |
| 2015 | $1.12B | $37M | $1.08B |
| 2014 | $865M | $19M | $845M |
| 2013 | $1.12B | $11M | $1.11B |
| 2012 | $943M | $5M | $938M |
| 2011 | $859M | $5M | $854M |

Source: [CompaniesByCap](https://companiesbycap.com/company/GL)