Globe Life Inc. (GL) Debt to Equity Ratio: 0.44
Is Globe Life Inc.’s debt to equity ratio high or low?
Globe Life Inc.'s debt to equity ratio of 0.44 is in line with its 5-year average of 0.40, near the high end of its 5-year range (0.22–0.53).
As of Friday, June 19, 2026. 8.33% below its 12-month average of 0.48.
GL Debt to Equity Ratio Chart
GL Average Debt to Equity Ratio Chart
GL Current vs Average Debt to Equity Ratio Chart
GL Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.44
DEBT TO EQUITY RATIO AVG TTM
0.48
DEBT TO EQUITY RATIO AVG 3Y
0.49
DEBT TO EQUITY RATIO AVG 5Y
0.40
DEBT TO EQUITY RATIO AVG 10Y
0.34
DEBT TO EQUITY RATIO AVG 15Y
0.29
DEBT TO EQUITY RATIO AVG 20Y
0.30
CURRENT VS TTM AVG
-8.33%
CURRENT VS 3Y AVG
-10.20%
CURRENT VS 5Y AVG
+9.54%
CURRENT VS 10Y AVG
+27.70%
CURRENT VS 15Y AVG
+49.88%
CURRENT VS 20Y AVG
+44.64%
GL Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Globe Life Inc. (GL) | $13.26B | 0.44 | 0.48 | 0.49 | 0.40 |
| Assurant, Inc. (AIZ)vs › | $12.88B | 0.38 | 0.40 | 0.43 | 0.42 |
| Global Payments Inc. (GPN)vs › | $15.83B | 0.96 | 0.85 | 0.78 | 0.66 |
| Franklin Resources, Inc. (BEN)vs › | $17.17B | 1.10 | 1.08 | 0.99 | 0.88 |
| Kinsale Capital Group, Inc. (KNSL)vs › | $7.12B | 0.11 | 0.11 | 0.17 | 0.14 |
| Brown & Brown, Inc. (BRO)vs › | $20.03B | 0.63 | 0.63 | 0.72 | 0.67 |
| Circle Internet Group (CRCL)vs › | $21.44B | 0.01 | 0.04 | 0.05 | 0.05 |
| Main Street Capital Corporation (MAIN)vs › | $4.74B | 0.82 | 0.79 | 0.81 | 0.84 |
| Loews Corporation (L)vs › | $22.07B | 0.51 | 0.52 | 0.56 | 0.55 |
| SoFi Technologies, Inc. (SOFI)vs › | $22.97B | 0.18 | 0.33 | 0.67 | 0.87 |
Financial Health
Debt/Equity
0.44
Current Ratio
9.66
Globe Life Inc. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Globe Life Inc. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Globe Life Inc. (GL)?
- The debt to equity ratio for GL stock is 0.44.
- Is Globe Life Inc.'s debt to equity ratio high or low?
- Globe Life Inc.'s debt to equity ratio of 0.44 is in line with its 5-year average of 0.40, near the high end of its 5-year range (0.22–0.53).
- What is the TTM average debt to equity ratio for Globe Life Inc. (GL)?
- The TTM average debt to equity ratio for GL stock is 0.48.
- What is the 3Y average debt to equity ratio for Globe Life Inc. (GL)?
- The 3Y average debt to equity ratio for GL stock is 0.49.
- What is the 5Y average debt to equity ratio for Globe Life Inc. (GL)?
- The 5Y average debt to equity ratio for GL stock is 0.40.
- What is the 10Y average debt to equity ratio for Globe Life Inc. (GL)?
- The 10Y average debt to equity ratio for GL stock is 0.34.
- What is the 15Y average debt to equity ratio for Globe Life Inc. (GL)?
- The 15Y average debt to equity ratio for GL stock is 0.29.
- What is the 20Y average debt to equity ratio for Globe Life Inc. (GL)?
- The 20Y average debt to equity ratio for GL stock is 0.30.
Globe Life Inc. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 0.44 |
| 2024-12-31 | 0.52 |
| 2023-12-31 | 0.47 |
| 2022-12-31 | 0.53 |
| 2021-12-31 | 0.23 |
| 2020-12-31 | 0.22 |
| 2019-12-31 | 0.23 |
| 2018-12-31 | 0.31 |
| 2017-12-31 | 0.23 |
| 2016-12-31 | 0.31 |
| 2015-12-31 | 0.30 |
| 2014-12-31 | 0.26 |
| 2013-12-31 | 0.32 |
| 2012-12-31 | 0.30 |
| 2011-12-31 | 0.24 |
| 2010-12-31 | 0.25 |
| 2009-12-31 | 0.34 |
| 2008-12-31 | 0.46 |
| 2007-12-31 | 0.28 |
| 2006-12-31 | 0.26 |
| 2005-12-31 | 0.33 |
| 2004-12-31 | 0.30 |
| 2003-12-31 | 0.27 |
| 2002-12-31 | 0.26 |
| 2001-12-31 | 0.30 |
| 2000-12-31 | 0.32 |
| 1999-12-31 | 0.40 |
| 1998-12-31 | 0.33 |
| 1997-12-31 | 0.47 |
| 1996-12-31 | 0.51 |
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