Globe Life Inc (N:GL)
Business Focus: Life Insurance
| Sector: Financials | Industry: Life & Health Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3700 S Stonebridge Dr MCKINNEY TX 75070-5934 |
| Tel: | 1-972-5693627 |
| Website: | https://investors.globelifeinsurance.com |
| IR: | See website |
| Key People | ||
| J. Matthew Darden Co-Chairman of the Board, Co-Chief Executive Officer | Rebecca E. Zorn Executive Vice President, Chief Talent Officer | Frank M. Svoboda Co-Chairman of the Board, Co-Chief Executive Officer |
| Thomas P. Kalmbach Chief Financial Officer, Executive Vice President | Dolores L. Skarjune Executive Vice President, Chief Administrative Officer | Robert Edward Hensley Executive Vice President, Chief Investment Officer |
| Christopher K. Tyler Executive Vice President, Chief Information Officer | Jennifer Allison Haworth Executive Vice President, Chief Marketing Officer | R. Brian Mitchell Chief Risk Officer, Executive Vice President, General Counsel, President of Liberty | Michael C. Majors Executive Vice President - Policy Acquisition and Chief Strategy Officer |
| Business Overview |
| Globe Life Inc. is an insurance holding company. The Company's primary subsidiaries are Globe Life And Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, Family Heritage Life Insurance Company of America, and United American Insurance Company. The Company offers Medicare Supplement and limited-benefit supplemental health insurance products that include accident, cancer, critical illness, heart, and intensive care products. These products are designed to supplement health coverage that applicants already own. Medicare Supplements are offered to enrollees in the traditional fee-for-service Medicare program. Medicare Supplement plans are standardized by federal regulation and are designed to pay deductibles and co-payments not paid by Medicare. It has four segments: life insurance, supplemental health insurance, annuities and investments. Life insurance segment's products include traditional whole life and term life insurance. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Globe Life Inc revenues increased 4% to $5.45B. Net income increased 9% to $970.8M. Revenues reflect Life segment increase of 4% to $3.14B, Investment segment increase of 7% to $1.06B. Net income benefited from Salaries decrease of 8% to $119.7M (expense), Other employee costs decrease of 15% to $35.9M (expense). Dividend per share increased from $0.82 to $0.88. |
| Employees: | 3,636 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $8,125M as of Dec 31, 2023 |
| Annual revenue (TTM): | $5,448M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,677M as of Dec 31, 2023 |
| Net annual income (TTM): | $970.76M as of Dec 31, 2023 |
| Free cash flow (TTM): | $1,349M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,013M as of Dec 31, 2023 |
| Shares outstanding: | 94,036,897 as of Mar 1, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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