Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. It offers whole, term, and other life insurance products; Medicare supplement and supplemental health insurance products, such as accident, cancer, critical illness, heart, and intensive care plans; and single-premium and flexible-premium deferred annuities. The company sells its products through its direct to consumer division, exclusive agencies, and independent agents. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was founded in 1900 and is headquartered in McKinney, Texas.
Regulatory Hurdles | Globe Life faces DOJ and SEC inquiries, creating uncertainty despite strong operational performance and EPS outperformance in recent quarters |
Strategic Initiatives | Explore Globe Life's plans to unlock $1.3 billion in capital by 2025 and potential establishment of a Bermuda entity for tax advantages |
Market Resilience | Delve into Globe Life's robust distribution metrics and consistent earnings beats, signaling underlying strength amid regulatory challenges |
Analyst Perspectives | Average price target of $96.33, with estimates ranging from $75 to $108, reflecting mixed views on Globe Life's growth potential and risks |
Metrics to compare | GL | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipGLPeersSector | |
---|---|---|---|---|
P/E Ratio | 8.6x | 2.0x | 8.7x | |
PEG Ratio | 0.39 | 0.01 | 0.03 | |
Price/Book | 2.0x | 0.6x | 1.0x | |
Price / LTM Sales | 1.6x | 0.9x | 2.8x | |
Upside (Analyst Target) | 15.1% | 3.3% | 10.6% | |
Fair Value Upside | Unlock | 8.7% | 2.8% | Unlock |