NYSE · Financial Statements

Globe Life Inc. (GL) Financial Statements

$154.79 NYSE: GL Market Cap $11.90B

Globe Life Inc. most recently reported annual revenue of $6.0B, net profit of $1.2B. Revenue grew at an average annual rate of 4.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Globe Life Inc.: Revenue rose from $3.9B in 2016 to $6.0B in 2025, a change of +52.5% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 19.6% to 24.4%, a shift of +4.8 percentage points; the most recent year shows net profit of $1.2B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$3.9B$4.2B$4.3B$4.5B$4.7B$5.1B$5.2B$5.4B$5.8B$6.0B
Operating Expenses$3.2B$3.2B$3.5B$3.6B$3.8B$3.8B$4.1B$4.3B$4.5B$4.5B
Operating Profit$772.0M$924.0M$864.0M$931.0M$897.0M$1.3B$1.1B$1.2B$1.3B$1.5B
Operating Margin19.6%22.2%20.0%20.6%18.9%24.9%21.1%21.9%23.0%24.4%
Other Income$0$-93.0M$0$0$0$0$0$0$0$-23.0M
Interest$83.0M$85.0M$90.0M$84.0M$87.0M$83.0M$90.0M$102.0M$127.0M$141.0M
Depreciation$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$772.0M$831.0M$864.0M$931.0M$897.0M$1.3B$1.1B$1.2B$1.3B$1.4B
Tax$30.1M$-75.6M$18.8M$18.3M$18.4M$19.1M$18.9M$18.7M$19.3M$19.4M
Net Profit$550.0M$1.5B$701.0M$761.0M$732.0M$1.0B$894.0M$971.0M$1.1B$1.2B
EPS$4.49$12.22$6.08$6.83$6.82$7.22$9.04$10.07$11.94$14.06
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.4B$1.4B$1.4B$1.4B$1.5B$1.5B$1.5B$1.5B$1.5B$1.5B$1.6B$1.6B
Operating Expenses$1.1B$1.1B$1.1B$1.1B$1.1B$1.2B$1.2B$1.2B$1.0B$1.2B$1.2B$2.2B
Operating Profit$319.0M$337.0M$315.0M$322.0M$377.0M$312.0M$316.0M$313.0M$477.0M$356.0M$368.0M$-630.0M
Operating Margin23.0%23.8%22.2%22.4%25.9%21.3%21.4%21.1%31.5%23.4%23.6%-39.4%
Interest$26.0M$26.0M$29.0M$31.0M$31.0M$36.0M$35.0M$35.0M$36.0M$35.0M$34.0M$36.0M
Profit Before Tax$319.0M$337.0M$315.0M$322.0M$377.0M$312.0M$316.0M$313.0M$477.0M$333.0M$334.0M$355.0M
Tax$19.4M$18.4M$19.3M$19.9M$19.6M$18.3M$19.5M$19.3M$18.7M$20.2M$19.0M$18.9M
Net Profit$257.0M$275.0M$254.0M$258.0M$303.0M$255.0M$255.0M$253.0M$388.0M$266.0M$271.0M$288.0M
EPS$2.68$2.88$2.67$2.83$3.44$3.01$3.01$3.05$4.71$3.29$3.45$3.65

Over the 10 years reported for Globe Life Inc., borrowings increased from $1.4B in 2016 to $2.6B in 2025, cash stood at $145.0M in the latest year, shareholders' equity was $92.0M, current assets covered current liabilities 9.66 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$21.4B$23.5B$23.1B$26.0B$29.0B$29.8B$26.0B$28.1B$29.1B$30.8B
Current Assets$0$0$0$0$0$22.2B$17.6B$19.0B$18.4B$19.1B
Cash$76.0M$119.0M$121.0M$76.0M$95.0M$92.0M$93.0M$103.0M$165.0M$145.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$384.0M$392.0M$415.0M$442.0M$474.0M$739.0M$849.0M$901.0M$962.0M$1.0B
Fixed Assets$97.0M$108.0M$135.0M$161.0M$186.0M$205.0M$212.0M$240.0M$285.0M$370.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$30.6B$34.2B$32.7B$37.9B$42.6B$22.8B$18.2B$19.7B$19.6B$20.5B
Other Assets$442.0M$442.0M$442.0M$442.0M$442.0M$482.0M$482.0M$482.0M$490.0M$490.0M
Total Liabilities$16.9B$17.2B$17.7B$18.7B$20.3B$21.1B$22.0B$23.6B$23.8B$24.8B
Current Liabilities$0$0$0$0$0$2.7B$1.6B$1.8B$1.9B$2.0B
Borrowings$1.4B$1.5B$1.7B$1.6B$1.9B$2.0B$2.1B$2.1B$2.7B$2.6B
Other Liabilities$15.5B$15.8B$16.0B$17.0B$18.4B$19.1B$20.0B$21.4B$21.0B$22.2B
Equity$127.0M$124.0M$121.0M$117.0M$113.0M$109.0M$105.0M$102.0M$97.0M$92.0M
Reserves$4.6B$6.2B$5.4B$7.3B$8.8B$8.6B$4.0B$4.5B$5.3B$6.0B

For Globe Life Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.3B; free cash flow was positive in 10 of 10 years; financing activities used $736.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$1.4B$1.4B$1.3B$1.4B$1.5B$1.4B$1.4B$1.5B$1.4B$1.4B
Investing Cash Flow$-1.1B$-947.0M$-941.0M$-852.0M$-1.2B$-952.0M$-971.0M$-976.0M$-713.0M$-786.0M
Financing Cash Flow$-477.0M$-504.0M$-549.0M$-581.0M$-517.0M$-606.0M$-567.0M$-608.0M$-1.3B$-736.0M
Net Cash Flow$15.0M$42.0M$2.0M$-45.0M$19.0M$-3.0M$0$11.0M$62.0M$-21.0M
Free Cash Flow$1.4B$1.4B$1.2B$1.3B$1.4B$1.4B$1.4B$1.4B$1.3B$1.3B

Valuation & Return Ratios

MetricValue
PEG Ratio0.52
EV / EBITDA24.64
FCF Yield9.58%
Quick Ratio1.41
Interest Coverage4.04
Return 1Y22.40%
Return 3Y49.51%
Return 5Y83.16%

Globe Life Inc. (GL) financials — frequently asked questions

What is Globe Life Inc.'s annual revenue?

Globe Life Inc. (GL) reported annual revenue of $6.0B in its most recent fiscal year.

What is Globe Life Inc.'s net profit?

Globe Life Inc. (GL) reported net profit of $1.2B in its most recent fiscal year.

What is GL EV/EBITDA?

Globe Life Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 24.64.

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