Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. It offers whole life, term life, and other life insurance products; Medicare supplement and supplemental health insurance, such as critical illness and accident plans; and single-premium and flexible-premium deferred annuities. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas.
Company profile
Ticker
GL, GL-PD
Exchange
Website
CEO
Mr. Frank Martin Svoboda
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TORCHMARK CORP
SEC CIK
Corporate docs
IRS number
630780404
GL stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Other Events
17 Oct 24
8-K
Other Events
27 Sep 24
8-K
Entry into a Material Definitive Agreement
26 Aug 24
424B2
Prospectus for primary offering
22 Aug 24
FWP
Free writing prospectus
20 Aug 24
424B5
Prospectus supplement for primary offering
20 Aug 24
8-K
Entry into a Material Definitive Agreement
15 Aug 24
10-Q
2024 Q2
Quarterly report
7 Aug 24
8-K
Globe Life Inc. Reports Second Quarter 2024 Results
24 Jul 24
8-K
Other Events
22 Jul 24
Transcripts
GL
Earnings call transcript
2024 Q2
25 Jul 24
GL
Earnings call transcript
2024 Q1
23 Apr 24
GL
Earnings call transcript
2023 Q4
8 Feb 24
GL
Earnings call transcript
2023 Q3
26 Oct 23
GL
Earnings call transcript
2023 Q2
27 Jul 23
GL
Earnings call transcript
2023 Q2
27 Jul 23
GL
Earnings call transcript
2023 Q1
4 May 23
GL
Earnings call transcript
2022 Q4
2 Feb 23
GL
Earnings call transcript
2022 Q3
28 Oct 22
GL
Earnings call transcript
2022 Q2
28 Jul 22
Latest ownership filings
13F-HR
Quarterly holdings report by institutional manager
2 Aug 24
4
Mary E Thigpen
26 Jul 24
11-K
Annual report of employee stock purchases
28 Jun 24
11-K
Annual report of employee stock purchases
28 Jun 24
4
James Matthew Darden
6 Jun 24
4
Robert Edward Hensley
28 May 24
4
James Matthew Darden
22 May 24
4
FRANK M SVOBODA
22 May 24
4
FRANK M SVOBODA
21 May 24
4
James Matthew Darden
20 May 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 87.91 mm | 87.91 mm | 87.91 mm | 87.91 mm | 87.91 mm | 87.91 mm |
Cash burn (monthly) | (no burn) | 7.02 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 26.35 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 61.57 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 8.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
82.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 495 |
Opened positions | 82 |
Closed positions | 163 |
Increased positions | 153 |
Reduced positions | 191 |
13F shares | Current |
---|---|
Total value | 5.80 tn |
Total shares | 73.89 mm |
Total puts | 991.30 k |
Total calls | 1.05 mm |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 11.38 mm | $936.59 bn |
BLK BlackRock | 6.10 mm | $502.06 bn |
Wellington Management | 5.95 mm | $489.20 bn |
IVZ Invesco | 4.19 mm | $344.78 bn |
STT State Street | 3.43 mm | $282.21 bn |
Geode Capital Management | 2.53 mm | $208.55 bn |
MS Morgan Stanley | 1.68 mm | $138.20 bn |
BK The Bank of New York Mellon Corporation | 1.61 mm | $132.58 bn |
Millennium Management | 1.28 mm | $105.30 bn |
Ubs Global Asset Management Americas | 1.24 mm | $102.24 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Jul 24 | Mary E Thigpen | Common Stock | Buy | Acquire P | No | No | 90.2 | 3,000 | 270.60 k | 15,605.339 |
4 Jun 24 | James Matthew Darden | Common Stock | Discretionary | Acquire I | Yes | No | 81.81 | 2,579 | 210.99 k | 4,161 |
28 May 24 | Robert Edward Hensley | Common Stock | Buy | Acquire P | No | No | 82.1685 | 2,500 | 205.42 k | 7,290 |
21 May 24 | Frank M Svoboda | Common Stock | Buy | Acquire P | Yes | No | 82.2736 | 2,500 | 205.68 k | 144,898 |
21 May 24 | James Matthew Darden | Common Stock | Buy | Acquire P | No | No | 82.775 | 1,000 | 82.78 k | 38,973.462 |
News
Preview: Globe Life's Earnings
22 Oct 24
Reported Earlier, Globe Life Reports Extortion Attempt Involving Customer Data From Subsidiary, American Income Life Insurance, Impacting 5,000 Individuals; Investigation Ongoing With No Material Impact On Operations
17 Oct 24
Raymond James Maintains Strong Buy on Globe Life, Raises Price Target to $188
15 Oct 24
Wells Fargo Maintains Overweight on Globe Life, Raises Price Target to $117
10 Oct 24
TD Cowen Initiates Coverage On Globe Life with Buy Rating, Announces Price Target of $150
9 Oct 24
Press releases
GLOBE LIFE INC. ANNOUNCES THIRD QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL
21 Oct 24
GLOBE LIFE INC. ANNOUNCES THIRD QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL
8 Oct 24
AM Best Affirms Credit Ratings of Globe Life Inc. and Its Subsidiaries
3 Oct 24
Globe Life Supports Mothers and Children in Need
10 Sep 24
Sprout Social, Altimmune, Equinix, and Globe Life Investigation Alert: Johnson Fistel, LLP Encourages Long-Term Investors to Reach Out for More Information
5 Sep 24