Globe Life Inc. (GL) Tax Rate: 19.35%
Is Globe Life Inc.’s tax rate high or low?
Globe Life Inc.'s tax rate of 19.35% is in line with its 5-year average of 18.95%, near the high end of its 5-year range (18.39%–19.35%).
0.16% above its 12-month average of 19.32%.
GL Tax Rate Chart
GL Average Tax Rate Chart
GL Current vs Average Tax Rate Chart
GL Tax Rate Metrics
TAX RATE
19.35%
TAX RATE AVG TTM
19.32%
TAX RATE AVG 3Y
19.05%
TAX RATE AVG 5Y
18.95%
TAX RATE AVG 10Y
12.54%
TAX RATE AVG 15Y
24.94%
TAX RATE AVG 20Y
26.89%
CURRENT VS TTM AVG
+0.16%
CURRENT VS 3Y AVG
+1.56%
CURRENT VS 5Y AVG
+2.11%
CURRENT VS 10Y AVG
+54.27%
CURRENT VS 15Y AVG
-22.41%
CURRENT VS 20Y AVG
-28.04%
Globe Life Inc. Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Globe Life Inc. Tax Rate FAQ
- What is the tax rate for Globe Life Inc. (GL)?
- The tax rate for GL stock is 19.35%.
- Is Globe Life Inc.'s tax rate high or low?
- Globe Life Inc.'s tax rate of 19.35% is in line with its 5-year average of 18.95%, near the high end of its 5-year range (18.39%–19.35%).
- What is the TTM average tax rate for Globe Life Inc. (GL)?
- The TTM average tax rate for GL stock is 19.32%.
- What is the 3Y average tax rate for Globe Life Inc. (GL)?
- The 3Y average tax rate for GL stock is 19.05%.
- What is the 5Y average tax rate for Globe Life Inc. (GL)?
- The 5Y average tax rate for GL stock is 18.95%.
- What is the 10Y average tax rate for Globe Life Inc. (GL)?
- The 10Y average tax rate for GL stock is 12.54%.
- What is the 15Y average tax rate for Globe Life Inc. (GL)?
- The 15Y average tax rate for GL stock is 24.94%.
- What is the 20Y average tax rate for Globe Life Inc. (GL)?
- The 20Y average tax rate for GL stock is 26.89%.
Globe Life Inc. Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 19.35% |
| 2024-12-31 | 19.29% |
| 2023-12-31 | 18.72% |
| 2022-12-31 | 18.85% |
| 2021-12-31 | 19.10% |
| 2020-12-31 | 18.39% |
| 2019-12-31 | 18.30% |
| 2018-12-31 | 18.78% |
| 2017-12-31 | -75.56% |
| 2016-12-31 | 30.13% |
| 2015-12-31 | 32.62% |
| 2014-12-31 | 32.70% |
| 2013-12-31 | 32.85% |
| 2012-12-31 | 30.90% |
| 2011-12-31 | 31.25% |
| 2010-12-31 | 32.84% |
| 2009-12-31 | 33.10% |
| 2008-12-31 | 31.62% |
| 2007-12-31 | 33.79% |
| 2006-12-31 | 32.96% |
| 2005-12-31 | 32.28% |
| 2004-12-31 | 34.00% |
| 2003-12-31 | 34.14% |
| 2002-12-31 | 33.39% |
| 2001-12-31 | 34.25% |
| 2000-12-31 | 33.90% |
| 1999-12-31 | 33.38% |
| 1998-12-31 | 34.53% |
| 1997-12-31 | 33.86% |
| 1996-12-31 | 36.48% |
Related Metrics
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.
- Sector
- Financial Services
- Industry
- Insurance - Life
- CEO
- Frank Martin Svoboda