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Globe Life (STU:TMJ) Tax Rate % : 19.28% (As of Mar. 2024)


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What is Globe Life Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Globe Life's Tax Expense for the three months ended in Mar. 2024 was €56 Mil. Globe Life's Pre-Tax Income for the three months ended in Mar. 2024 was €290 Mil. Therefore, Globe Life's Tax Rate % for the quarter that ended in Mar. 2024 was 19.28%.

Globe Life Tax Rate % Historical Data

The historical data trend for Globe Life's Tax Rate % 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.

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Globe Life Tax Rate % Chart

Globe Life Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.30 18.39 19.10 18.85 18.72

Globe Life Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.46 18.62 19.36 18.39 19.28

Globe Life Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Globe Life's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=204.96/1095.142
=18.72 %

Globe Life's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=55.85/289.729
=19.28 %

* 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.

Globe Life Tax Rate % Related Terms

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

Globe Life (STU:TMJ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Globe Life Inc (STU:TMJ) » Definitions » Tax Rate %
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Traded in Other Exchanges
GL:USA
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.

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