Globe Life

OverviewSuggest Edit

Globe Life (formerly known as Torchmark Corporation) provides various life and health insurance products, and annuities. It offers term life insurance, whole life insurance, children's life insurance, accidental benefits insurance, mortgage protection insurance, medicare supplement plans.

TypePublic
Founded1900
HQMcKinney, TX, USMap
Websiteglobelifeinsurance.com
Employee Ratings2.7More
Overall CultureC-More
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Employees (est.) (Dec 2019)3,196(+4%)
Job Openings106
Revenue (FY, 2020)$4.7 B(+5%)
Share Price (Sept 2021)$89(+2%)
Cybersecurity ratingAMore

Key People/Management at Globe Life

Gary L. Coleman

Gary L. Coleman

Co-Chairman and Chief Executive Officer
Charles E. Adair

Charles E. Adair

Director
Larry M. Hutchison

Larry M. Hutchison

Co-Chairman and Chief Executive Officer
Linda L. Addison

Linda L. Addison

Director
J. Matthew Darden

J. Matthew Darden

Executive Vice President and Chief Strategy Officer
Cheryl D. Alston

Cheryl D. Alston

Director
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Globe Life Office Locations

Globe Life has offices in McKinney, Cleveland and Syracuse
McKinney, TX, US (HQ)
3700 S Stonebridge Dr
Cleveland, OH, US
6001 E Royalton Rd #200
Syracuse, NY, US
301 Plainfield Rd Suite 150
Show all (3)

Globe Life Financials and Metrics

Globe Life Revenue

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Globe Life's revenue was reported to be $4.74 b in FY, 2020
USD

Revenue (Q1, 2021)

1.3b

Gross profit (Q1, 2021)

1.1b

Gross profit margin (Q1, 2021), %

85.2%

Net income (Q1, 2021)

178.5m

EBIT (Q1, 2021)

195.5m

Market capitalization (23-Sept-2021)

8.9b

Closing stock price (23-Sept-2021)

89.0

Cash (31-Mar-2021)

81.5m

EV

10.8b
Globe Life's current market capitalization is $8.9 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

3.4b3.4b3.6b3.8b4.0b3.8b3.9b4.2b4.3b4.5b4.7b

Revenue growth, %

5%(5%)4%

Cost of goods sold

669.2m617.5m687.4m708.9m875.6m602.6m612.7m633.8m649.2m687.8m733.5m

Gross profit

2.7b2.8b2.9b3.1b3.1b3.2b3.3b3.5b3.7b3.8b4.0b
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q1, 2021

Revenue

865.0m838.9m829.3m877.3m837.2m897.9m885.8m877.1m958.2m950.3m932.8m1.0b984.0m967.0m1.0b1.0b998.8m977.6m991.9m989.8m1.0b1.0b1.0b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.3b

Cost of goods sold

173.3m154.0m175.3m166.4m147.9m211.1m181.0m172.1m236.1m202.9m200.0m255.7m220.6m196.9m242.2m235.2m175.5m152.8m153.3m153.4m157.8m156.6m155.8m160.6m160.5m162.6m170.0m170.5m170.9m178.7m187.8m

Gross profit

691.7m684.9m654.0m710.9m689.3m686.8m704.8m705.0m722.1m747.5m732.8m761.4m763.4m770.1m780.4m798.5m823.3m824.9m838.6m836.4m865.8m872.5m890.2m909.8m924.3m921.2m949.2m960.0m970.4m954.3m1.1b

Gross profit Margin, %

80%82%79%81%82%76%80%80%75%79%79%75%78%80%76%77%82%84%85%85%85%85%85%85%85%85%85%85%85%84%85%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

365.7m84.1m61.7m36.9m66.0m61.4m76.2m118.6m121.0m75.9m94.8m

Accounts Receivable

230.3m253.5m383.7m331.1m544.0m344.6m384.5m391.8m415.2m441.7m474.2m

Inventories

15.9b

PP&E

119.0m125.0m136.0m139.0m175.0m217.0m256.0m298.0m350.0m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

27.3m32.5m283.7m90.2m176.0m78.3m70.7m298.8m25.3m44.9m38.8m40.0m45.8m67.0m3.1m62.8m59.5m12.8m49.7m104.9m61.8m97.7m88.5m88.6m82.2m77.4m67.3m89.3m66.7m90.4m114.0m80.1m81.5m

Accounts Receivable

200.3m205.2m254.1m223.9m232.4m264.4m308.6m334.6m393.9m388.7m413.0m372.6m425.4m499.9m566.0m627.7m676.2m349.7m358.7m361.3m370.3m380.0m389.1m396.4m407.7m406.9m419.6m425.4m432.2m441.7m445.5m458.4m477.6m

Goodwill

423.5m396.9m396.9m396.9m396.9m396.9m396.9m396.9m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m441.6m

Total Assets

17.0b17.7b16.3b16.2b17.0b16.7b17.2b17.9b18.9b18.1b18.1b19.1b19.7b19.9b20.7b20.0b20.1b20.6b21.6b22.1b22.1b22.6b23.0b23.2b22.9b23.5b24.1b24.9b25.8b25.4b27.5b28.0b28.1b
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

517.1m517.9m529.3m528.5m542.9m527.1m549.8m1.5b701.5m760.8m731.8m

Depreciation and Amortization

6.8m7.1m

Cash From Operating Activities

1.0b859.5m942.8m1.1b864.7m1.1b1.4b1.4b1.3b1.4b1.5b

Purchases of PP&E

(9.2m)(5.4m)(4.7m)(11.2m)(19.4m)(37.0m)(25.2m)(20.3m)(45.1m)(42.2m)(41.8m)
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

247.7m362.3m105.5m254.5m391.5m118.7m247.7m378.3m119.6m253.5m178.5m

Cash From Operating Activities

474.9m745.0m300.0m452.7m684.5m284.0m447.1m697.7m290.4m492.5m771.0m274.9m419.4m644.4m279.7m454.1m729.9m337.7m604.9m971.9m460.8m739.1m1.1b382.4m616.5m937.3m423.3m686.6m1.0b343.6m769.3m1.1b371.8m

Purchases of PP&E

(2.2m)(2.8m)(761.0k)(1.4m)(2.9m)(479.0k)(2.7m)(3.9m)(855.0k)(2.2m)(4.4m)(5.1m)(10.0m)(14.5m)(6.1m)(13.9m)(30.7m)(3.9m)(6.7m)(10.1m)(4.0m)(8.1m)(13.5m)(12.0m)(18.7m)(27.3m)(7.0m)(21.7m)(30.0m)(9.3m)(20.1m)(28.8m)(15.5m)

Cash From Investing Activities

(514.0m)(696.0m)(175.6m)(86.4m)(120.6m)(195.4m)(255.9m)(408.7m)(267.8m)(316.6m)(388.3m)(175.5m)(201.9m)(296.8m)(244.3m)(356.6m)(479.9m)(332.0m)(547.5m)(719.0m)(410.7m)(506.6m)(732.9m)(313.9m)(409.2m)(1.1b)(305.8m)(356.4m)(568.6m)(311.7m)(960.7m)(992.5m)(269.7m)
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USDQ2, 2010

Debt/Equity

0.2 x

Financial Leverage

4.3 x
Show all financial metrics

Globe Life Revenue Breakdown

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Globe Life revenue breakdown by business segment: 69.8% from Life Insurance, 30.2% from Health Insurance and 0.0% from Other

Globe Life Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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Globe Life Online and Social Media Presence

Globe Life's Trends

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Globe Life Company Culture

  • Overall Culture

    C-

    67/100

  • CEO Rating

    C-

    67/100

  • Compensation

    D

    56/100

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Globe Life News and Updates

July 19, 2021

Globe Life Inc. Announces Second Quarter 2021 Earnings Release And Conference Call

MCKINNEY, Texas, July 19, 2021 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) will release Second Quarter 2021 earnings after the market closes on Wednesday, July 21, 2021. At that time a copy of the Company's Q2 - 2021 earnings press release and any other financial and statistical...
October 20, 2020

Globe Life Inc. Announces Third Quarter 2020 Earnings Release and Conference Call

MCKINNEY, Texas, Oct. 20, 2020 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) will release Third Quarter 2020 earnings after the market closes on Wednesday, October 21, 2020. At that time a copy of the Company's Q3 - 2020 earnings press release and any other financial and statistical...
February 05, 2019

Torchmark Corporation To Present At Bank Of America Merrill Lynch Insurance Conference

MCKINNEY, Texas, Feb. 5, 2019 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) announced today that its Co-Chief Executive Officers Gary Coleman and Larry Hutchison will present Wednesday, February 13, 2019 at the Bank of America Merrill Lynch Insurance Conference in New York City....
January 23, 2019

Torchmark Corporation Announces Fourth Quarter 2018 Earnings Release And Conference Call

MCKINNEY, Texas, Jan. 23, 2019 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) will release Fourth Quarter 2018 earnings after the market closes on Tuesday, February 5, 2019. At that time a copy of the Company's Q4 -2018 earnings press release and any other financial and statistical...
October 15, 2018

Torchmark Corporation Announces Third Quarter 2018 Earnings Release And Conference Call

MCKINNEY, Texas, Oct. 15, 2018 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) will release Third Quarter 2018 earnings after the market closes on Wednesday, October 24, 2018. At that time a copy of the Company's Q3-2018 earnings press release and any other financial and statistical...
August 09, 2018

Torchmark Corporation Declares Dividend

MCKINNEY, Texas, Aug. 9, 2018 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) announced that its Board of Directors has declared a quarterly dividend of $.16 per share on all of the outstanding common stock of the Company held of record as of the close of business of the Company's...

 Globe Life Frequently Asked Questions

  • When was Globe Life founded?

    Globe Life was founded in 1900.

  • Who are Globe Life key executives?

    Globe Life's key executives are Gary L. Coleman, Charles E. Adair and Larry M. Hutchison.

  • How many employees does Globe Life have?

    Globe Life has 3,196 employees.

  • What is Globe Life revenue?

    Latest Globe Life annual revenue is $4.7 b.

  • What is Globe Life revenue per employee?

    Latest Globe Life revenue per employee is $1.5 m.

  • Who are Globe Life competitors?

    Competitors of Globe Life include VSP Vision Care, eHealth and UnitedHealthcare.

  • Where is Globe Life headquarters?

    Globe Life headquarters is located at 3700 S Stonebridge Dr, McKinney.

  • Where are Globe Life offices?

    Globe Life has offices in McKinney, Cleveland and Syracuse.

  • How many offices does Globe Life have?

    Globe Life has 3 offices.