Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Globe Life

GL stock analysis · Financials · Life & Health Insurance

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$178.68HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$16.5B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Reverse DCF

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Relative valuation

20.8%

69 sector peers · median 17.1×

How this is calculated ↗
Valuation

Historical multiples

13.9×

7 annual observations · snapshot P/E 14.2× · 2.0% versus history

How this is calculated ↗
Valuation

Free cash flow yield

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Quality

ROIC / quality

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Value composite

Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

6.0%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

4.9%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Momentum

Fundamental momentum

Requires two adjacent years of revenue, operating income and cash flow.

Requires two adjacent years of revenue, operating income and cash flow.

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1.5B2020-12-31: cfo $1,476,434,000.002020-12-31: capex $41,756,000.0020202021-12-31: cfo $1,437,680,000.002021-12-31: capex $38,244,000.0020212022-12-31: cfo $1,422,194,000.002022-12-31: capex $27,929,000.0020222023-12-31: cfo $1,482,425,000.002023-12-31: capex $49,553,000.0020232024-12-31: cfo $1,402,440,000.002024-12-31: capex $71,045,000.0020242025-12-31: cfo $1,396,391,000.002025-12-31: capex $142,484,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%
10.0%
12.0%

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-316B1.2B1.4B142.5M30.8B
2024-12-315.8B1.1B1.4B71M29.1B
2023-12-315.4B970.8M1.5B49.6M28.1B
2022-12-315.2B894.4M1.4B27.9M26B
2021-12-315.1B1B1.4B38.2M29.8B
2020-12-314.7B731.8M1.5B41.8M29B
2019-12-314.5B760.8M1.4B42.2M26B
2018-12-314.3B701.5M1.3B45.1M23.1B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue6BRevenues2026-02-25
netIncome1.2BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-25
Parent/common earnings proxy1.2BNetIncomeLoss2026-02-25
cfo1.4BNetCashProvidedByUsedInOperatingActivities2026-02-25
capex142.5MPaymentsToAcquirePropertyPlantAndEquipment2026-02-25
operatingIncomeNot reported under a supported tag
assets30.8BAssets2026-02-25
equity6BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-25
Parent book equity proxy6BStockholdersEquity2026-02-25
debtNot reported under a supported tag
shortDebt304.7MShortTermBorrowings2026-02-25
cash144.7MCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents2026-02-25
shares82.5MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-25
dividends86.1MPaymentsOfDividends2026-02-25
buybacks881MPaymentsForRepurchaseOfCommonStock2026-02-25
issuance164.4MProceedsFromIssuanceOfCommonStock2026-02-25