Contents
1. The overview of “Globe Life”
2. The detailed data of “Globe Life”
3. The map of “Globe Life”
4. The stock weekly chart of “Globe Life”
5. The stock weekly trading radar of “Globe Life”
6. The annual filings of “Globe Life”
7. The stock price of “Globe Life”
* Last update: February 8, 2022
The overview of “Globe Life”
“Globe Life Inc” is a financial services company based in McKinney, Texas, the U.S., that provides Life insurance, Health insurance, Annuity, Housing loan etc to middle-income households. The company is the predecessor of “Liberty National Life Insurance Company” that was founded in 1900, and the head-office had been in Birmingham, Alabama until 2006. Also, the company name was changed from “Torchmark Corporation”(NYSE:TMK) to “Globe Life”(NYSE:GL) on August 8, 2019.
They manage their businesses as the publicly traded company on the New York Stock Exchange (NYSE), that have subsidiary companies such as “Globe Life Liberty National Division”(McKinney, Texas) that is the new company of the predecessor, “United American Insurance Company”(McKinney, Texas) established in 1947, “Globe Life And Accident Insurance Company”(Oklahoma City, Oklahoma) established in 1951, “American Income Life Insurance Company”(Waco, Texas), “Globe Life Family Heritage Division”(Broadview Heights, Ohio) established in 1989 etc.
The detailed data of “Globe Life”
●Established date： 1900
●Location： 3700 South Stonebridge Drive Mckinney, TX 75070
●Stock Exchange： NYSE（GL）
●Listing date： November 1979
●Business details： Various insurance products（Insurance）
●Official website： https://home.globelifeinsurance.com/
The map of “Globe Life”
The stock weekly chart of “Globe Life”
The stock weekly trading radar of “Globe Life”
The annual filings of “Globe Life”
* Date: Feb 27, 2020
* Date: Mar 01, 2019
* Dollar amounts in thousands, except per share data
| Cutoff date | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|
| Operating income | 3,841,237 | 3,596,253 | 3,440,080 | 3,324,925 |
| Net income attributable | 731,773 | 760,790 | 701,466 | 1,454,494 |
| Total current assets | N/A | N/A | N/A | N/A |
| Total current liabilities | N/A | N/A | N/A | N/A |
| Current ratio (1.2 or more is the best) | N/A | N/A | N/A | N/A |
| Common stock and additional paid-in capital | 640,653 | 648,772 | 645,632 | 632,694 |
| Treasury stock | (772,914) | (750,624) | (763,398) | (631,755) |
| Retained earning, Accumulated deficit | 5,874,109 | 5,551,329 | 5,213,468 | 4,806,208 |
| Total stockholders' equity | 8,771,092 | 7,294,307 | 5,415,177 | 6,231,421 |
| Total equity and liabilities | 29,046,731 | 25,977,460 | 23,095,722 | 23,474,985 |
| Equity ratio (20% or more is better) (50% or more is the best) | 30.20% | 28.08% | 23.45% | 26.54% |
| Cash flows from operating activities | 1,476,434 | 1,363,874 | 1,277,647 | 1,429,058 |
| Cash flows from investing activities | (1,181,730) | (809,311) | (896,223) | (926,824) |
| Cash flows from financing activities | (274,057) | (590,508) | (391,520) | (453,981) |
| Free cash flow | 294,704 | 554,563 | 381,424 | 502,234 |
The stock price of “Globe Life”
"Globe Life Inc" was increased Retained earning and Equity ratio for 3 years in a row, and purchases Treasury stock.
That's why, it tends to be a stable good company.
Also, Free cash flow was reduced by about half, but has remained positive.
The stock price of "Globe Life Inc" in 2021 might tend to be extended a little as well as 2020, but be difficult to earn big benefits.
* Comment
"Globe Life Inc" was increased Retained earning and Equity ratio for 3 years in a row, and purchases Treasury stock.
Also, Net income, Retained earning, and Equity ratio increased.
That's why, it tends to be a very stable good company.
* Comment
Retained earning increases, and they have a good performance without depending on the common stock issuance.
Also, the company purchases Treasury stock.
Equity ratio and Free cash flow decreased, but maybe it's not bad situation.
That's why, The stock price in 2019 might tend to be extended or be stagnant.
| Term year | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Entity min stock price in monthly chart | N/A | approx 86.52 (Nov) | approx 68.20 (Apr) | approx 73.70 (Jan) | approx 74.50 (Dec) |
| Entity max stock price in monthly chart | N/A | approx 106.30 (Jun) | approx 105.50 (Feb) | approx 105.28 (Dec) | approx 91.40 (Jan) |
| Stock price increase ratio (50% or more is the best) | N/A | (22.9)% | 54.7% | 42.8% | (22.7)% |
