Globe Life Inc. financial data

Symbol
GL, GL-PD on NYSE
Industry
Life Insurance
Location
3700 South Stonebridge Drive, Mckinney, TX
State of incorporation
DE
Fiscal year end
December 31
Former names
TORCHMARK CORP (to 8/2/2019)
Latest financial report
10-Q - Q2 2024 - Aug 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 474 % -18.6%
Return On Equity 21.6 % -4.85%
Return On Assets 3.76 % +13.2%
Operating Margin 23.3 % +3.29%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 89.8M shares -5.27%
Common Stock, Shares, Outstanding 102M shares -2.85%
Entity Public Float 10.4B USD +11.8%
Common Stock, Value, Issued 102M USD -2.85%
Weighted Average Number of Shares Outstanding, Basic 91.4M shares -4.08%
Weighted Average Number of Shares Outstanding, Diluted 91.4M shares -5%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 5.66B USD +7.12%
General and Administrative Expense 316M USD +3.5%
Operating Income (Loss) 1.32B USD +10.6%
Nonoperating Income (Expense) 9.47M USD +208%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.29B USD +20.8%
Income Tax Expense (Benefit) 248M USD +25.1%
Net Income (Loss) Attributable to Parent 1.04B USD +19.8%
Earnings Per Share, Basic 11.2 USD/shares +23.7%
Earnings Per Share, Diluted 11.1 USD/shares +24%

Balance Sheet

Label TTM Value / Value Unit Change %
Other Long-term Investments 975M USD -3.53%
Property, Plant and Equipment, Net 240M USD +13.3%
Goodwill 482M USD 0%
Assets 28.3B USD +5.71%
Liabilities 23.1B USD +1.24%
Accumulated Other Comprehensive Income (Loss), Net of Tax -2.19B USD +25.6%
Retained Earnings (Accumulated Deficit) 7.94B USD +9.03%
Stockholders' Equity Attributable to Parent 5.23B USD +31.3%
Liabilities and Equity 28.3B USD +5.96%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 351M USD -26.5%
Net Cash Provided by (Used in) Financing Activities 357M USD
Net Cash Provided by (Used in) Investing Activities -732M USD -195%
Common Stock, Shares Authorized 320M shares 0%
Common Stock, Shares, Issued 102M shares -2.85%
Common Stock, Par or Stated Value Per Share 1 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -19.6M USD -125%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 87.9M USD +17.2%
Deferred Tax Assets, Valuation Allowance 0 USD
Deferred Tax Assets, Gross 737M USD -0.55%
Payments to Acquire Property, Plant, and Equipment 9.11M USD +10.9%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1.8B USD +55.6%
Property, Plant and Equipment, Gross 455M USD +12.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.84M USD -35.4%
Lessee, Operating Lease, Liability, to be Paid, Year One 3.39M USD -8.53%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.61M USD +22.9%
Deferred Tax Assets, Operating Loss Carryforwards 4.23M USD +71.1%
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.14M USD -0.7%
Additional Paid in Capital 534M USD -0.39%
Preferred Stock, Shares Outstanding 0 shares
Share-based Payment Arrangement, Expense 34.9M USD +4.79%
Interest Expense 112M USD +12.4%
Preferred Stock, Par or Stated Value Per Share 1 USD/shares 0%