Globe Life (Globe Life) Net Margin % : 19.41% (As of Dec. 2023)

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What is Globe Life Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Globe Life's Net Income for the three months ended in Dec. 2023 was $275 Mil. Globe Life's Revenue for the three months ended in Dec. 2023 was $1,416 Mil. Therefore, Globe Life's net margin for the quarter that ended in Dec. 2023 was 19.41%.

The historical rank and industry rank for Globe Life's Net Margin % or its related term are showing as below:

GL' s Net Margin % Range Over the Past 10 Years
Min: 13.97 Med: 16.53 Max: 35
Current: 18.07

GL's Net Margin % is ranked better than
82.92% of 486 companies
in the Insurance industry
Industry Median: 7.43 vs GL: 18.07

Globe Life Net Margin % Historical Data

The historical data trend for Globe Life's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Globe Life Net Margin % Chart

Globe Life Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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16.80

15.44

20.13

17.11

17.82

Globe Life Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Net Margin %	Get a 7-Day Free Trial															16.92	16.23	18.57	19.41	17.95

Competitive Comparison of Globe Life's Net Margin %

For the Insurance - Life subindustry, Globe Life's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Globe Life's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Globe Life's Net Margin % distribution charts can be found below:

* The bar in red indicates where Globe Life's Net Margin % falls into.

Globe Life Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Globe Life's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	970.755	/	5447.533
	=	17.82 %

Globe Life's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	274.802	/	1415.691
	=	19.41 %

Globe Life (NYSE:GL) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Globe Life Net Margin % Related Terms

Thank you for viewing the detailed overview of Globe Life's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Globe Life (Globe Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Globe Life Inc (NYSE:GL) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

G1LL34:Brazil

Address

3700 South Stonebridge Drive, McKinney, TX, USA, 75070

Website

https://www.globelifeinsurance.com

Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.

Executives

Jennifer Allison Haworth	officer: EVP & Chief Marketing Officer	3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
Melissa Jane Buchan	director	1920 MAIN STREET, SUITE 500, IRVINE CA 92614
Dolores L Skarjune	officer: EVP & Chief Admin. Officer	3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
Rebecca E Zorn	officer: EVP & Chief Talent Officer	3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
Michael Clay Majors	officer: EVP - Investor Rel. & Admin.	UNITED AMERICAN INSURANCE COMPANY, 3700 SOUTH STONEBRIDGE DRIVE, MCKINNEY TX 75070
Frank M Svoboda	officer: EVP & CFO	3340 PECAN HOLLOW CT, GRAPEVINE TX 76051
James Matthew Darden	officer: EVP, Chief Strategy Officer	2904 BELCLAIRE DRIVE, FRISCO TX 75034
Michael Shane Henrie	officer: SVP & Chief Accounting Officer	UNITED AMERICAN INSURANCE COMPANY, 3700 SOUTH STONEBRIDGE DRIVE, MCKINNEY TX 75070
Robert Brian Mitchell	officer: EVP, General Counsel and CRO	3120 HARVEY PKWY, OKLAHOMA CITY OK 73118
Cheryl Alston	director	3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
David A Rodriguez	director	10400 FERNWOOD ROAD, BETHESDA MD 20817
Alice S Cho	director	P.O. BOX 30918, BILLINGS MT 59116-0918
Steven John Dichiaro	other: Exec. Officer of Principal Sub	2152 SEVEN LAKES DR, LOVELAND CO 80538
Gary L Coleman	director, officer: Co-Chairman & CEO
Larry M Hutchison	director, officer: Co-Chaiman & CEO	P O BOX 8080, MCKINNEY TX 75010