Tearsheet

Globe Life (GL)


Market Price (5/13/2026): $154.92 | Market Cap: $12.2 Bil
Sector: Financials | Industry: Life & Health Insurance

Globe Life (GL)


Market Price (5/13/2026): $154.92
Market Cap: $12.2 Bil
Sector: Financials
Industry: Life & Health Insurance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 10%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -125%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%

Stock buyback support
Stock Buyback 3Y Total is 2.5 Bil

Low stock price volatility
Vol 12M is 20%

Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, Fintech & Digital Payments, and AI in Financial Services. Themes include Geriatric Care, Show more.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Weak multi-year price returns
3Y Excs Rtn is -32%

Short seller report
Fuzzy Panda Research report on 4/11/2024.

Key risks
GL key risks include [1] a Department of Justice probe and class action lawsuits over allegations of widespread fraud at its AIL subsidiary, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 10%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -125%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%
3 Stock buyback support
Stock Buyback 3Y Total is 2.5 Bil
4 Low stock price volatility
Vol 12M is 20%
5 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, Fintech & Digital Payments, and AI in Financial Services. Themes include Geriatric Care, Show more.
6 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
7 Weak multi-year price returns
3Y Excs Rtn is -32%
8 Short seller report
Fuzzy Panda Research report on 4/11/2024.
9 Key risks
GL key risks include [1] a Department of Justice probe and class action lawsuits over allegations of widespread fraud at its AIL subsidiary, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Globe Life (GL) stock has gained about 10% since 1/31/2026 because of the following key factors:

1. Strong First Quarter 2026 Financial Performance and Upgraded Full-Year Outlook.

Globe Life reported robust financial results for the first quarter ended March 31, 2026, with net income increasing to $3.39 per diluted common share from $3.01 in the prior-year quarter, and net operating income rising to $3.43 per diluted common share from $3.07. This operating EPS of $3.43 surpassed analyst consensus estimates. The company further bolstered investor confidence by raising its full-year 2026 earnings guidance to a range of $15.40 to $15.90, marking an increase of $0.35 at the midpoint. Profitability metrics also showed strength, with net income per share increasing by 13% and net operating income per share by 12% year-over-year.

2. Enhanced Shareholder Returns Through Increased Buybacks and Dividends.

The company demonstrated a commitment to returning capital to shareholders by significantly increasing its planned full-year share repurchases. After repurchasing approximately 1.4 million shares for $203 million in Q1 2026, Globe Life expanded its anticipated full-year share repurchase program to a range of $560 million to $610 million. Additionally, Globe Life announced a 22% increase in its annual dividend rate, with a quarterly dividend of $0.33 per share approved for payment on May 1, 2026.

Show more
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 10.7% change in GL stock from 1/31/2026 to 5/12/2026 was primarily driven by a 5.3% change in the company's P/E Multiple.
(LTM values as of)13120265122026Change
Stock Price ($)139.89154.9110.7%
Change Contribution By: 
Total Revenues ($ Mil)5,9416,0742.2%
Net Income Margin (%)19.4%19.4%0.1%
P/E Multiple9.810.35.3%
Shares Outstanding (Mil)81792.8%
Cumulative Contribution10.7%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/12/2026
ReturnCorrelation
GL10.7% 
Market (SPY)7.0%35.6%
Sector (XLF)-3.0%50.9%

Fundamental Drivers

The 18.3% change in GL stock from 10/31/2025 to 5/12/2026 was primarily driven by a 7.0% change in the company's Net Income Margin (%).
(LTM values as of)103120255122026Change
Stock Price ($)130.94154.9118.3%
Change Contribution By: 
Total Revenues ($ Mil)5,8836,0743.2%
Net Income Margin (%)18.1%19.4%7.0%
P/E Multiple10.110.32.6%
Shares Outstanding (Mil)82794.4%
Cumulative Contribution18.3%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/12/2026
ReturnCorrelation
GL18.3% 
Market (SPY)8.8%34.3%
Sector (XLF)-0.7%55.1%

Fundamental Drivers

The 26.7% change in GL stock from 4/30/2025 to 5/12/2026 was primarily driven by a 7.7% change in the company's P/E Multiple.
(LTM values as of)43020255122026Change
Stock Price ($)122.30154.9126.7%
Change Contribution By: 
Total Revenues ($ Mil)5,7786,0745.1%
Net Income Margin (%)18.5%19.4%4.6%
P/E Multiple9.610.37.7%
Shares Outstanding (Mil)84797.0%
Cumulative Contribution26.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/12/2026
ReturnCorrelation
GL26.7% 
Market (SPY)34.6%27.8%
Sector (XLF)7.4%50.5%

Fundamental Drivers

The 46.5% change in GL stock from 4/30/2023 to 5/12/2026 was primarily driven by a 23.5% change in the company's Shares Outstanding (Mil).
(LTM values as of)43020235122026Change
Stock Price ($)105.73154.9146.5%
Change Contribution By: 
Total Revenues ($ Mil)5,2276,07416.2%
Net Income Margin (%)17.1%19.4%13.3%
P/E Multiple11.510.3-9.9%
Shares Outstanding (Mil)977923.5%
Cumulative Contribution46.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/12/2026
ReturnCorrelation
GL46.5% 
Market (SPY)84.4%21.4%
Sector (XLF)63.2%34.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GL Return-0%30%2%-8%26%10%70%
Peers Return22%8%20%38%16%1%154%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
GL Win Rate58%50%50%67%67%60% 
Peers Win Rate68%47%60%63%63%52% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
GL Max Drawdown-9%-5%-14%-59%-0%-3% 
Peers Max Drawdown-5%-24%-14%-4%-6%-10% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AFL, CNO, UNM, PRI, LNC. See GL Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/12/2026 (YTD)

How Low Can It Go

EventGLS&P 500
2023 SVB Regional Banking Crisis
  % Loss-15.8%-6.7%
  % Gain to Breakeven18.7%7.1%
  Time to Breakeven183 days31 days
2020 COVID-19 Crash
  % Loss-47.4%-33.7%
  % Gain to Breakeven90.1%50.9%
  Time to Breakeven934 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-18.9%-19.2%
  % Gain to Breakeven23.3%23.7%
  Time to Breakeven109 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-22.2%-12.2%
  % Gain to Breakeven28.5%13.9%
  Time to Breakeven133 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-20.9%-17.9%
  % Gain to Breakeven26.5%21.8%
  Time to Breakeven91 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-12.7%-15.4%
  % Gain to Breakeven14.5%18.2%
  Time to Breakeven140 days125 days

Compare to AFL, CNO, UNM, PRI, LNC

In The Past

Globe Life's stock fell -8.5% during the 2025 US Tariff Shock. Such a loss loss requires a 9.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventGLS&P 500
2020 COVID-19 Crash
  % Loss-47.4%-33.7%
  % Gain to Breakeven90.1%50.9%
  Time to Breakeven934 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-22.2%-12.2%
  % Gain to Breakeven28.5%13.9%
  Time to Breakeven133 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-20.9%-17.9%
  % Gain to Breakeven26.5%21.8%
  Time to Breakeven91 days123 days
2008-2009 Global Financial Crisis
  % Loss-72.2%-53.4%
  % Gain to Breakeven259.5%114.4%
  Time to Breakeven636 days1085 days

Compare to AFL, CNO, UNM, PRI, LNC

In The Past

Globe Life's stock fell -8.5% during the 2025 US Tariff Shock. Such a loss loss requires a 9.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Globe Life (GL)

Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. It offers whole life, term life, and other life insurance products; Medicare supplement and supplemental health insurance, such as critical illness and accident plans; and single-premium and flexible-premium deferred annuities. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas.

AI Analysis | Feedback

Here are a few analogies for Globe Life (GL):

  • Like State Farm or Farmers Insurance, but specializing in life and supplemental health policies for middle-income American families.
  • A New York Life or Prudential, focused on providing accessible life and health insurance for the average American household.

AI Analysis | Feedback

  • Life Insurance: Provides financial protection to beneficiaries upon the policyholder's death, including whole life, term life, and other life insurance products.
  • Supplemental Health Insurance: Offers additional coverage for specific health-related events, such as Medicare supplement, critical illness, and accident plans.
  • Annuities: Financial contracts designed to provide a steady income stream, typically during retirement, through single-premium and flexible-premium deferred options.

AI Analysis | Feedback

Globe Life Inc. (GL) Major Customers

Globe Life Inc. primarily sells its life and supplemental health insurance products, and annuities directly to individuals and households.

Customer Categories

  • Lower-middle income households
  • Middle-income households

AI Analysis | Feedback

null

AI Analysis | Feedback

J. Matthew Darden Co-Chairman and Chief Executive Officer

Mr. Darden was appointed Co-Chairman and Chief Executive Officer of Globe Life Inc. effective January 1, 2023. He joined Globe Life in 2014 and previously served as the Chief Strategy Officer since 2017 and President of American Income Life since 2018. He has 28 years of experience in the insurance industry, encompassing marketing, sales, administration, finance, accounting, information technology, business combinations, and capital market transactions. Prior to joining Globe Life, he was a Partner with Deloitte & Touche LLP for 16 years. Mr. Darden holds Bachelor of Business Administration and Master of Business Administration degrees from Baylor University and is a Certified Public Accountant.

Frank M. Svoboda Co-Chairman and Chief Executive Officer

Mr. Svoboda was appointed Co-Chairman and Chief Executive Officer of Globe Life Inc. effective January 1, 2023. He joined Globe Life in 2003 and served as Chief Financial Officer from 2012 to 2022 and President of Globe Life And Accident Insurance Company since 2018. He has over 35 years of experience in the insurance industry, with expertise in finance, accounting, tax, mergers and acquisitions, and capital market transactions, including 19 years in public accounting. Before his tenure at Globe Life, he was a Partner with KPMG in its Dallas office. Mr. Svoboda also previously served as President of American Income Life Insurance Co. He earned Bachelor of Science degrees in Accounting and Finance from Nebraska Wesleyan University.

Thomas P. Kalmbach Executive Vice President and Chief Financial Officer

Mr. Kalmbach was appointed Executive Vice President and Chief Financial Officer of Globe Life Inc., effective January 1, 2023. He served as Globe Life’s Chief Actuary since 2019. Before joining Globe Life, Mr. Kalmbach held various actuarial and financial positions with other insurance companies, including a role as Chief Financial Officer with Liberty Life Insurance of Boston. He holds a Bachelor of Science degree from the University of Massachusetts.

Robert E. Hensley Executive Vice President and Chief Investment Officer

Mr. Hensley serves as the Executive Vice President and Chief Investment Officer for Globe Life Inc. In this role, he is responsible for managing the company's significant investment portfolio that supports its insurance liabilities.

Michael C. Majors Executive Vice President and Chief Strategy Officer

Mr. Majors holds the position of Executive Vice President and Chief Strategy Officer at Globe Life Inc. He is responsible for the company's market positioning and initiatives for future growth. He also serves as Executive Vice President, Policy Acquisition.

AI Analysis | Feedback

Key Risks to Globe Life (GL)

Globe Life Inc. (GL) faces several key risks that could significantly impact its business operations and financial performance. These risks primarily stem from regulatory challenges, operational vulnerabilities within its distribution channels, and exposure to market and credit risks in its investment portfolio.

The most significant risk to Globe Life involves extensive regulatory scrutiny, fraud allegations, and ongoing legal proceedings. The company has been subject to a Department of Justice (DOJ) inquiry, securities fraud complaints, and class-action lawsuits. These stem from allegations of widespread insurance fraud within its subsidiaries, including practices such as adding unauthorized policies to customer accounts and underwriting policies for deceased or fictitious individuals. Such allegations have led to a substantial drop in Globe Life's stock price and caused reputational damage. Furthermore, misconduct by independent sales agents could result in additional legal claims and regulatory sanctions.

Secondly, operational risks related to its distribution channels and agent management present a notable challenge. Globe Life's growth relies heavily on the development and maintenance of its distribution channels, as well as the successful recruitment and retention of skilled insurance personnel. The company has also faced a high rate of consumer complaints, indicating potential issues with sales practices or policy administration. The risk of misclassifying independent contractors could also lead to legal and financial repercussions.

Finally, Globe Life is exposed to inherent financial and strategic risks related to its investment portfolio and interest rate fluctuations. Its investment portfolio is subject to market and credit risks, where potential downgrades or defaults of securities could adversely affect net investment income and capital ratios. Changes in interest rates also pose a significant risk, as they can impact investment income, liquidity, and influence policyholder behavior, potentially leading to increased policyholder surrenders requiring asset liquidation.

AI Analysis | Feedback

The rapid growth of digital-first insurtech companies offering streamlined, direct-to-consumer life and supplemental health insurance products. These platforms leverage simplified underwriting, often eliminating traditional medical exams for certain coverages, and provide faster, more convenient online purchasing experiences, potentially attracting Globe Life's target lower-middle to middle-income demographic and eroding market share from traditional agent-based distribution models.

AI Analysis | Feedback

The addressable markets for Globe Life's main products and services in the United States are substantial. The company operates within the life insurance, supplemental health insurance (including Medicare supplement, critical illness, and accident plans), and annuities sectors.

Life Insurance Market (U.S.)

  • The U.S. life insurance market size was estimated at $1.93 trillion in 2024 and is predicted to be worth around $4.74 trillion by 2034, growing at a CAGR of 9.40% from 2025 to 2034.
  • Another estimate indicates the U.S. life insurance market was valued at $765.38 billion in 2023 and is projected to reach $1,476.31 billion by 2032, growing at a CAGR of 7.1% from 2024 to 2032.

Supplemental Health Insurance Market (U.S.)

  • The overall U.S. supplemental health market size was recorded at $40.8 billion in 2025, and is projected to reach nearly $70.62 billion by 2035, with a compound annual growth rate (CAGR) of 5.64% throughout the forecast timeline.
  • The individual supplemental health insurance market produced $9.05 billion in premium at year-end 2023.

Medicare Supplement Insurance (U.S.)

  • The U.S. Medicare supplement health insurance market size was valued at $26.97 billion in 2022 and was estimated at $27.90 billion in 2023. It is expected to reach $39.26 billion by 2030, expanding at a CAGR of 5.0% from 2023 to 2030.
  • Another source reported the U.S. Medicare supplement health insurance market size at $30.55 billion in 2025 and projected it to reach approximately $50.33 billion by 2035.
  • Total earned premiums in the Medicare Supplement market in 2024 totaled $39.1 billion.

Critical Illness Insurance (U.S.)

  • The U.S. Critical Illness Insurance Market size was valued at $90.15 billion in 2025 and is projected to reach $173.54 billion by 2033, growing at a CAGR of 8.59% during 2026-2033.
  • Another estimate places the U.S. Critical Illness Insurance Market size at $54.45 billion in 2024, projected to reach $111.83 billion by 2035, growing at a CAGR of 6.76% from 2025 to 2035.

Accident Insurance (U.S.)

  • The U.S. accident insurance market size was valued at $23.94 billion in 2024 and is expected to reach $33.46 billion by 2032, growing at a CAGR of 4.33% over the forecast period of 2025-2032.
  • In-force premium for accident insurance products in the U.S. was $1.7 billion in 2022.

Annuities Market (U.S.)

  • Total U.S. annuity sales increased to $461.3 billion in 2025, marking a fourth consecutive record year.
  • The U.S. life insurance and annuities market combined was $819 billion in 2024, and it is expected to reach $1,100.2 billion by 2032.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Globe Life (GL) over the next 2-3 years:

1. Growth in Agent Count and Productivity: Globe Life anticipates continued revenue growth driven by an increase in its producing agent count and enhanced agent productivity. For instance, the American Income Life division saw a 20% increase in average producing agent count in Q4 2023, which is expected to fuel sales growth in 2024.

2. Strong Health Premium Revenue Growth: The company projects significant expansion in its health insurance segment. Globe Life expects health premium revenue to grow between 7% and 8% in 2024, with even higher projections of 14% to 16% growth for 2026. This is partly due to strong demand for health-related products, particularly Medicare Supplement plans.

3. Consistent Life Premium Revenue Growth: Globe Life expects steady growth in life insurance premium revenue. Projections indicate a 4.5% to 5% increase in life premium revenue for 2024, and 4% to 4.5% for 2026, largely attributed to strong performance in its American Income and Liberty National divisions.

4. Increased Net Investment Income: The company benefits from its investment portfolio, with net investment income growing by 6% in Q4 2023. Management anticipates the blended earned yield on its fixed maturity portfolio to rise to approximately 5.4% to 5.5% in 2026 as higher-yielding new investments replace older, lower-yielding securities, contributing to overall revenue.

5. Enhanced Marketing and Technology-Driven Lead Generation: Globe Life is leveraging enhanced marketing efforts and investments in technology to improve lead generation and sales productivity. These initiatives are expected to contribute to overall premium growth across its insurance segments.

AI Analysis | Feedback

Share Repurchases

  • Globe Life repurchased 5.4 million shares for $685 million in 2025.
  • For the nine months ended September 30, 2024, the company repurchased 9.7 million shares at a total cost of $910 million.
  • In November 2024, the board authorized share repurchases of up to $1.8 billion under the existing stock repurchase program, replacing a $1.3 billion authorization from April 2024.

Share Issuance

  • Globe Life's shares outstanding declined by 9.88% year-over-year to 0.081 billion for the quarter ending December 31, 2025.
  • Shares outstanding decreased by 7.96% in 2025 from 2024, and by 6.96% in 2024 from 2023.

Outbound Investments

  • In 2025, Globe Life formed Globe Life Re Ltd., a Bermuda Class C insurer, to provide reinsurance support for its affiliate entities and reinsured $1.2 billion of reserves to Bermuda.
  • For 2026, the company plans to invest approximately $900 million to $1.1 billion in fixed maturities and $300 million to $400 million in non-fixed maturities (commercial mortgage loans and limited partnership investments).
  • Globe Life's net investment income benefits from higher interest rates on new investments, with approximately 88% of its invested assets being fixed maturities as of December 31, 2024.

Latest Trefis Analyses

Trade Ideas

Select ideas related to GL.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
EEFT_4302026_Dip_Buyer_ValueBuy04302026EEFTEuronet WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
HOMB_4242026_Insider_Buying_GTE_1Mil_EBITp+DE_V204242026HOMBHome BancSharesInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
1.5%1.5%0.0%
HBAN_3312026_Insider_Buying_45D_2Buy_200K03312026HBANHuntington BancsharesInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
7.1%7.1%0.0%
NP_3312026_Insider_Buying_45D_2Buy_200K03312026NPNeptune InsuranceInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
3.9%3.9%0.0%
JKHY_3272026_Monopoly_xInd_xCD_Getting_Cheaper03272026JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.3%0.3%-4.0%
GL_5312024_Insider_Buying_45D_2Buy_200K05312024GLGlobe LifeInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
35.1%48.6%-5.9%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GLAFLCNOUNMPRILNCMedian
NameGlobe Li.Aflac CNO Fina.Unum PrimericaLincoln . 
Mkt Price154.91116.1646.1781.16273.7735.0998.66
Mkt Cap12.259.64.313.38.76.710.4
Rev LTM6,07418,3104,51313,2413,36018,9499,657
Op Inc LTM-------
FCF LTM1,2302,934688539834243761
FCF 3Y Avg1,3152,8436511,064782-1,112923
CFO LTM1,3852,934688675861243774
CFO 3Y Avg1,4082,8436511,198812-1,1121,005

Growth & Margins

GLAFLCNOUNMPRILNCMedian
NameGlobe Li.Aflac CNO Fina.Unum PrimericaLincoln . 
Rev Chg LTM4.0%6.8%5.0%4.4%6.4%1.9%4.7%
Rev Chg 3Y Avg6.6%-0.6%6.6%3.5%8.2%7.8%6.6%
Rev Chg Q5.3%27.7%2.5%8.3%8.4%12.9%8.3%
QoQ Delta Rev Chg LTM1.3%5.5%0.6%2.0%2.1%3.3%2.0%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM22.8%16.0%15.2%5.1%25.6%1.3%15.6%
CFO/Rev 3Y Avg24.2%15.5%14.9%9.4%26.1%-8.6%15.2%
FCF/Rev LTM20.2%16.0%15.2%4.1%24.8%1.3%15.6%
FCF/Rev 3Y Avg22.6%15.5%14.9%8.4%25.1%-8.6%15.2%

Valuation

GLAFLCNOUNMPRILNCMedian
NameGlobe Li.Aflac CNO Fina.Unum PrimericaLincoln . 
Mkt Cap12.259.64.313.38.76.710.4
P/S2.03.31.01.02.60.41.5
P/Op Inc-------
P/EBIT7.610.28.111.18.4-8.4
P/E10.312.917.717.011.23.912.0
P/CFO8.820.36.319.710.127.714.9
Total Yield10.4%9.8%7.2%8.2%10.5%30.6%10.1%
Dividend Yield0.7%2.0%1.5%2.3%1.6%5.0%1.8%
FCF Yield 3Y Avg12.0%5.2%17.9%8.7%9.0%-20.1%8.9%
D/E0.20.11.00.30.20.90.3
Net D/E-1.3-1.1-1.1-2.4-0.0-4.2-1.2

Returns

GLAFLCNOUNMPRILNCMedian
NameGlobe Li.Aflac CNO Fina.Unum PrimericaLincoln . 
1M Rtn6.2%4.9%9.3%6.5%4.8%2.6%5.6%
3M Rtn9.4%0.8%7.7%13.8%3.8%-9.6%5.7%
6M Rtn17.6%3.2%13.6%7.6%8.0%-12.9%7.8%
12M Rtn29.4%12.4%21.6%2.8%1.8%5.2%8.8%
3Y Rtn48.5%87.6%133.5%99.8%58.0%118.2%93.7%
1M Excs Rtn-2.5%-3.9%0.8%-1.7%-5.0%-7.0%-3.2%
3M Excs Rtn2.8%-5.8%1.1%7.2%-2.8%-16.2%-0.9%
6M Excs Rtn7.7%-7.1%2.9%-4.9%-0.7%-22.7%-2.8%
12M Excs Rtn-2.6%-18.8%-6.5%-27.5%-27.2%-20.4%-19.6%
3Y Excs Rtn-32.1%4.6%50.6%19.9%-22.0%24.9%12.2%

Comparison Analyses

null

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Investments20,00720,09818,56123,10122,796
Life6,0105,5815,1544,5464,292
Annuity and other corporate2,0851,466   
Health974907859848742
Annuity  523
Other income  1,4091,2701,213
Total29,07628,05125,98729,76829,047


Price Behavior

Price Behavior
Market Price$154.91 
Market Cap ($ Bil)12.3 
First Trading Date12/30/1987 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$145.65$140.06
DMA Trendupup
Distance from DMA6.4%10.6%
 3M1YR
Volatility16.6%20.3%
Downside Capture32.1531.03
Upside Capture58.5252.32
Correlation (SPY)49.7%28.4%
GL Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.630.650.440.440.470.59
Up Beta0.780.770.660.710.590.76
Down Beta-2.090.700.710.540.540.73
Up Capture77%64%44%43%36%13%
Bmk +ve Days15223166141428
Stock +ve Days15243968136425
Down Capture-8%53%9%16%38%57%
Bmk -ve Days4183056108321
Stock -ve Days7192556114325

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GL
GL28.2%20.3%1.11-
Sector ETF (XLF)5.1%14.6%0.1250.5%
Equity (SPY)32.5%12.4%1.9828.1%
Gold (GLD)41.3%26.9%1.26-7.1%
Commodities (DBC)50.3%18.5%2.06-17.6%
Real Estate (VNQ)12.8%13.5%0.6540.6%
Bitcoin (BTCUSD)-21.0%41.7%-0.464.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GL
GL9.0%35.6%0.37-
Sector ETF (XLF)8.7%18.6%0.3545.5%
Equity (SPY)13.7%17.1%0.6331.9%
Gold (GLD)21.0%17.9%0.95-3.2%
Commodities (DBC)11.4%19.4%0.477.4%
Real Estate (VNQ)3.9%18.8%0.1127.6%
Bitcoin (BTCUSD)7.2%55.9%0.348.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GL
GL11.3%32.1%0.43-
Sector ETF (XLF)12.7%22.1%0.5365.5%
Equity (SPY)15.5%17.9%0.7453.1%
Gold (GLD)13.4%15.9%0.70-4.3%
Commodities (DBC)8.4%17.9%0.3918.4%
Real Estate (VNQ)5.6%20.7%0.2446.0%
Bitcoin (BTCUSD)68.2%66.8%1.0710.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity1.6 Mil
Short Interest: % Change Since 41520269.8%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest2.9 days
Basic Shares Quantity78.5 Mil
Short % of Basic Shares2.1%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/22/20261.8%0.9% 
2/4/20261.5%-0.6%-1.8%
10/22/20250.1%-2.9%-3.9%
7/23/20255.4%13.0%11.9%
4/30/2025-4.6%-1.9%-1.2%
2/5/2025-2.5%-1.3%2.0%
10/23/2024-1.3%-3.5%-1.7%
7/24/20240.9%5.1%12.1%
...
SUMMARY STATS   
# Positive111113
# Negative131310
Median Positive1.8%2.4%2.6%
Median Negative-2.1%-2.3%-2.0%
Max Positive14.1%17.6%25.5%
Max Negative-5.2%-7.7%-10.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202502/25/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202402/26/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/28/202410-K
09/30/202311/06/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202202/23/202310-K
09/30/202211/08/202210-Q
06/30/202208/05/202210-Q

Recent Forward Guidance [BETA]

Latest: Q1 2026 Earnings Reported 4/22/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 EPS15.415.715.92.3% RaisedGuidance: 15.3 for 2026

Prior: Q4 2025 Earnings Reported 2/4/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net Operating Income per diluted common share14.915.315.72.3% RaisedGuidance: 14.9 for 2026

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Kalmbach, Thomas PeterEVP & CFODirectSell5122026153.6515,6372,402,6426,965,726Form
2Kalmbach, Thomas PeterEVP & CFODirectSell5122026152.0211,7901,792,3656,228,690Form
3Svoboda, Frank MCo-Chairman & CEODirectSell5062026153.6012,8541,974,4228,297,744Form
4Darden, James MatthewCo-Chairman & CEODirectSell5062026153.8522,0193,387,5378,992,528Form
5Svoboda, Frank MCo-Chairman & CEODirectSell5062026153.482,146329,3738,291,174Form