Globe Life Inc.

Globe Life Inc.verified

GL

Price:

$81.48

Market Cap:

$7.52B

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 head...[Read more]

Industry

Insurance - Life

IPO Date

1980-10-01

Stock Exchange

NYSE

Ticker

GL

The Current Ratio as of July 2024 (TTM) for Globe Life Inc. (GL) is 0.62

According to Globe Life Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.62. This represents a change of -58.98% compared to the average of 1.52 of the last 4 quarters.

Globe Life Inc. (GL) Historical Current Ratio (quarterly & annually)

How has GL Current Ratio performed in the past?

The mean historical Current Ratio of Globe Life Inc. over the last ten years is 20.29. The current 0.62 Current Ratio has changed 207.03% with respect to the historical average. Over the past ten years (40 quarters), GL's Current Ratio was at its highest in in the December 2020 quarter at 88.45. The Current Ratio was at its lowest in in the March 2015 quarter at 0.00.

Quarterly (TTM)
Annual

Average

20.29

Median

1.04

Minimum

0.18

Maximum

85.87

Globe Life Inc. (GL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Globe Life Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 6.07%

Maximum Annual Current Ratio = 85.87

Minimum Annual Increase = -99.60%

Minimum Annual Current Ratio = 0.18

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.80339.00%
20220.18-99.60%
202145.77-46.70%
202085.8731.80%
201965.156.07%
20181.06-4.69%
20171.119.28%
20161.015.96%
20150.96-7.34%
20141.033.01%

Globe Life Inc. (GL) Average Current Ratio

How has GL Current Ratio performed in the past?

The current Current Ratio of Globe Life Inc. (GL) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

15.58

5-year avg

39.56

10-year avg

20.29

Globe Life Inc. (GL) Current Ratio vs. Peers

How is GL’s Current Ratio compared to its peers?

Globe Life Inc.’s Current Ratio is greater than Prudential plc (0.10), greater than CNO Financial Group, Inc. (-0.31), less than MetLife, Inc. (3.91), greater than American Equity Investment Life Holding Company (0), greater than National Western Life Group, Inc. (-1.08), greater than Midwest Holding Inc. (0), less than MetLife, Inc. (3.91), less than Prudential Financial, Inc. (3.10), greater than Unum Group (-0.59), greater than Lincoln National Corporation (-0.28), greater than F&G Annuities & Life, Inc. (0.08), less than Brighthouse Financial, Inc. (8.22), less than MetLife, Inc. (3.91), greater than Jackson Financial Inc. (-0.53),

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