Globe Life Inc. (GL)

GL Income Statement

Revenue, expenses, and profitability analysis

GL Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	6.078B	1.560B	1.524B	1.513B	1.481B	1.480B	1.466B	1.455B	1.440B
Cost of Goods Sold	3.764B	789.584M	1.061B	888.190M	1.025B	1.021B	998.838M	942.187M	987.411M
Gross Profit	2.314B	770.035M	462.610M	624.798M	456.477M	459.819M	467.439M	513.220M	452.835M
Gross Profit Margin	49.4%	49.4%	30.4%	41.3%	30.8%	31.1%	31.9%	35.3%	31.4%
Total Operating Expenses	799.131M	401.903M	106.354M	147.696M	143.178M	143.738M	155.006M	136.262M	130.512M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	493.903M	401.903M	92.000M	0.00	0.00	105.696M	97.122M	0.00	0.00
Operating Income (EBIT)	1.515B	368.132M	356.256M	477.102M	313.299M	316.081M	312.433M	376.958M	322.323M
Operating Margin	23.6%	23.6%	23.4%	31.5%	21.2%	21.4%	21.3%	25.9%	22.4%
Income Before Tax (EBT)	1.458B	334.132M	333.246M	477.102M	313.299M	316.081M	312.433M	376.958M	322.323M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	140.229M	34.000M	35.210M	36.134M	34.885M	34.992M	35.698M	31.388M	31.404M
Other Income/Expense	-57.010M	-34.000M	-23.010M	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	1.177B	270.526M	266.000M	387.843M	252.749M	254.563M	255.196M	302.994M	258.355M
Income Tax Expense	280.661M	63.606M	67.246M	89.259M	60.550M	61.518M	57.237M	73.964M	63.968M
Net Profit Margin	17.3%	17.3%	17.5%	25.6%	17.1%	17.2%	17.4%	20.8%	17.9%
EBITDA	1.609B	368.132M	379.266M	513.236M	348.184M	351.073M	348.131M	408.346M	353.727M
EBITDA Margin	23.6%	23.6%	24.9%	33.9%	23.5%	23.7%	23.7%	28.1%	24.6%
Depreciation & Amortization	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EPS Basic	14.70	3.45	3.35	4.81	3.09	3.05	3.04	3.45	2.83
EPS Diluted	14.50	3.45	3.29	4.71	3.05	3.01	3.01	3.44	2.83
Shares Outstanding	78.414M	78.414M	80.851M	83.480M	83.480M	83.480M	83.946M	87.874M	93.866M
Diluted Shares Outstanding	79.801M	79.801M	80.851M	82.015M	82.793M	84.480M	84.749M	88.087M	93.866M

GL Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	5.999B	5.778B	5.448B	5.227B	5.121B	4.739B	4.528B	4.315B
Cost of Goods Sold	3.995B	3.908B	3.807B	3.686B	3.434B	3.455B	3.208B	3.072B
Gross Profit	2.004B	1.870B	1.640B	1.541B	1.687B	1.284B	1.320B	1.243B
Gross Profit Margin	33.4%	32.4%	30.1%	29.5%	32.9%	27.1%	29.1%	28.8%
Total Operating Expenses	540.966M	543.615M	445.979M	439.038M	412.395M	387.343M	388.488M	379.161M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	197.696M	382.548M	331.897M	334.991M	301.903M	286.839M	285.564M	267.323M
Operating Income (EBIT)	1.463B	1.327B	1.194B	1.102B	1.275B	896.684M	931.279M	863.671M
Operating Margin	24.4%	23.0%	21.9%	21.1%	24.9%	18.9%	20.6%	20.0%
Income Before Tax (EBT)	1.440B	1.327B	1.194B	1.102B	1.275B	896.684M	931.279M	863.671M
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	141.221M	127.092M	102.316M	90.395M	83.486M	86.704M	84.306M	90.076M
Other Income/Expense	-23.010M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	1.161B	1.071B	970.755M	894.386M	1.031B	731.773M	760.790M	701.466M
Income Tax Expense	278.573M	255.875M	223.511M	207.725M	243.497M	164.911M	170.397M	162.161M
Net Profit Margin	19.4%	18.5%	17.8%	17.1%	20.1%	15.4%	16.8%	16.3%
EBITDA	1.592B	1.454B	1.297B	1.193B	1.358B	983.388M	1.016B	953.747M
EBITDA Margin	26.5%	25.2%	23.8%	22.8%	26.5%	20.8%	22.4%	22.1%
Depreciation & Amortization	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EPS Basic	14.30	11.99	10.21	9.13	7.30	6.90	6.97	6.22
EPS Diluted	14.06	11.94	10.07	9.04	7.22	6.82	6.83	6.08
Shares Outstanding	80.851M	83.946M	95.079M	97.928M	102.070M	106.075M	109.152M	112.701M
Diluted Shares Outstanding	80.851M	84.749M	96.364M	98.985M	103.170M	107.225M	111.381M	115.249M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Globe Life Inc.

Globe Life Inc. delivers diverse life insurance and supplementary health coverage, alongside annuity products, targeting households in the lower-middle to middle-income brackets throughout the United States. The company's operations are structured into four key segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. Its offerings encompass whole life, term life, and other life protection plans; supplemental health benefits like Medicare supplements, critical illness, and accident policies; and both single-premium and flexible-premium deferred annuities. Founded in 1979 and headquartered in McKinney, Texas, the enterprise rebranded from Torchmark Corporation to Globe Life Inc. in August 2019.

McKinney, TX

3,732 employees

www.home.globelifeinsurance.com

Financial Services / Insurance - Life

Sector: Financial Services
Industry: Insurance - Life
CEO: Frank Martin Svoboda

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