Globe Life Financial Statements
NYSE: GLFinanceLife InsuranceUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Globe Life revenue and earnings
In fiscal 2025, Globe Life generated $5.99 billion in revenue, up 3.7% from fiscal 2024, its 12th consecutive year of revenue growth. Net income was $1.16 billion (+8.4% year over year), for a net margin of 19.4% versus a median of 17.8% in the prior 5 years. Diluted earnings per share came in at $14.07, up from $11.94.
Over the last 5 fiscal years, GL's revenue has grown at a 4.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Globe Life income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.99B | 5.78B | 5.45B | 5.23B | 5.11B | 4.74B | 4.53B | 4.30B | 4.16B | 3.93B |
| Revenue growth (YoY) | +3.74% | +6.07% | +4.22% | +2.24% | +7.90% | +4.65% | +5.20% | +3.57% | +5.62% | +4.48% |
| Gross Profit | — | — | 1.26B | 1.18B | 1.22B | 901.05M | 910.66M | 865.48M | 807.04M | 782.92M |
| Operating Expenses | 4.56B | 4.45B | 4.25B | 4.12B | 3.84B | 3.84B | 3.60B | 3.44B | 3.32B | 3.16B |
| Operating Income | — | — | 1.27B | 1.19B | 1.23B | 905.36M | 920.06M | 870.64M | 821.16M | 787.27M |
| Interest Expense | 141.22M | 127.09M | 102.32M | 90.39M | 83.49M | 86.70M | 84.31M | 90.08M | 84.53M | 83.34M |
| Other Income (Expense) | -2.18M | -2.62M | -4.17M | 5.31M | 11.90M | 4.31M | 9.40M | 5.17M | 14.13M | 4.35M |
| Pretax Income | 1.44B | 1.33B | 1.19B | 1.10B | 1.27B | 896.68M | 931.28M | 863.67M | 830.65M | 772.24M |
| Income Tax | 274.74M | 255.88M | 223.51M | 207.72M | 243.50M | 164.91M | 170.40M | 162.16M | -627.62M | 232.65M |
| Net Income | 1.16B | 1.07B | 970.75M | 894.39M | 1.03B | 731.77M | 760.79M | 701.47M | 1.45B | 549.78M |
| Net Income growth (YoY) | +8.45% | +10.30% | +8.54% | -13.26% | +40.91% | -3.81% | +8.46% | -51.77% | +164.56% | +4.30% |
| EPS (Basic) | 14.27 | 11.99 | 10.21 | 9.13 | 10.10 | 6.90 | 6.97 | 6.22 | 12.50 | 4.58 |
| EPS (Diluted) | 14.07 | 11.94 | 10.07 | 9.04 | 9.99 | 6.82 | 6.83 | 6.09 | 12.22 | 4.49 |
| Shares Outstanding (Basic) | 81.38M | 89.28M | 95.10M | 97.93M | 102.07M | 106.08M | 109.21M | 112.87M | 116.34M | 120.00M |
| Shares Outstanding (Diluted) | 82.52M | 89.66M | 96.36M | 98.98M | 103.17M | 107.22M | 111.38M | 115.25M | 118.98M | 122.37M |
| EBITDA | — | — | 1.29B | 1.21B | 1.25B | 922.36M | 936.06M | 883.64M | 832.16M | 797.27M |
| Gross Margin | — | — | 23.13% | 22.55% | 23.77% | 19.02% | 20.11% | 20.11% | 19.42% | 19.90% |
| Operating Margin | — | — | 23.22% | 22.70% | 24.01% | 19.11% | 20.32% | 20.23% | 19.76% | 20.01% |
| Net Margin | 19.37% | 18.53% | 17.82% | 17.11% | 20.17% | 15.45% | 16.80% | 16.30% | 35.00% | 13.97% |
This table shows 10 annual periods of Globe Life's income statement, from FY 2025 back to FY 2016, across 17 line items including revenue, gross profit, operating expenses. Values in USD; B = billions, M = millions. Fiscal periods follow GL's reporting calendar. What is a income statement?