GLGLOBE LIFE INC.
Life Insurance
- Revenue
- $6.0B
- 3.7% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $14.7B
- Employees
- —
- Net debt / EBITDA
- —
- $2.9B net debt
- AI in 10-K
- 0.4
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo120% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo69% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo2% of assetsOver 40% of assets
- Shareholder dissentNo89% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AIYes0.4 per 10K words · 19th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo2.3× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$14.7B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$80M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.1B | $5.2B | $5.4B | $5.8B | $6.0B | 3.7% |
| Operating income | $1.2B | $1.2B | $1.3B | — | — | |
| Net income | $1.0B | $894M | $971M | $1.1B | $1.2B | 8.4% |
| Operating cash flow | $1.4B | $1.4B | $1.5B | $1.4B | $1.4B | 0.4% |
| Capex | $38M | $28M | $50M | $71M | $142M | 101% |
| Stock-based comp | $30M | $36M | $31M | $40M | $53M | 33% |
| Buybacks | $541M | $455M | $511M | $1.0B | $881M | 12% |
| Dividends | $80M | $81M | $84M | $85M | $86M | 0.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $80M · 79
- Net
- −$80M
Pay vs performance
No pay-versus-performance disclosure yet.