Globe Life Inc. — Intrinsic Value & Fair Price

NYSEFinancial ServicesInsurance - LifeCIK 0000320335home.globelifeinsurance.comAbout GL

Last close · Oct 16, 2026168.77+1.18 (+0.70%)

Market cap$13.0B

Model value · P/B · justified

160.41

Globe Life closed at $168.77 — overvalued by 5% vs model.

140.36the model's range187.14

P/B · justified leads for an insurer. From the justified price to book.

Other models

26.59 – 191.93

Wall St. target

185.00 9% below

Above model, 1y

5 of 20 days

Price and model value

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What the marks mean

Daily close

Valuation models

price $168.77 · as of Oct 17, 2026

P/B · justifiedused140.36 – 187.14160.415% overvalued P/E · peers155.82 – 204.24191.9312% undervalued P/E · own history156.25 – 213.62182.948% undervalued PEG—141.2020% overvalued Dividend discount17.03 – 51.0726.59535% overvalued Wall St. consensus target—185.009% below Cost of capital (WACC)—7.11%—

P/B · justified leads for an insurer. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Quarterly · as of Oct 16, 2026

Yield, trailing 12 months

0.75%

Past 2 years

low 0.63%high 1.02%

Dividends per share, a year at a time

Dividends / earnings, FY2025: 7.4%
Raised: 20 years in a row
Growth, 5 yrs: 10.0% a year
Last change: +22.2% · Apr 2026

Every payment, with ex-dates · latest $0.33, paid Oct 30, 2026

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How it is valued

Valued asInsurer

Low/slowing growth (~5% recent)Moderate margins (19% net margin)Highly cyclical earningsStrong FCF yield (9.7%)

What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for insurers

Price / book

2.3×

Return on equity

19.4%

P/E

12.0×

Dividend yield, TTM

0.75%

Payout ratio

7.4%

Debt / equity

0.4

On the lists: #34 Lowest P/E

Full financials

Superinvestors

13F · Q2 2026

Richard PzenaPzena Investment Management LLC$242.3M BridgewaterBridgewater Associates, LP$11.8M Tweedy BrowneTweedy, Browne Co LLC$4.0M

All 3 holders

Analyst actions

third-party, quoted

10-05Morgan Stanley · target197.00

07-15Piper Sandler · target200.00

07-10Jefferies · target166.00

08-05Morgan Stanley · “Overweight” from “Equal Weight”upgrade

Ratings, targets and estimates

Recent

filings, insider trades and key news

09-22Form 4 · MHensley Robert Edward · 10,000 sh@ 0.00 09-22Form 4 · SHensley Robert Edward · 6,656 sh@ 170.34 09-22Form 4 · SHensley Robert Edward · 3,344 sh@ 169.53 09-22Form 4 · MHensley Robert Edward · 10,000 sh@ 103.23 08-078-K · 5.02Departure/Election of Directors or Officers 08-07Form 4 · MMITCHELL ROBERT BRIAN · 23,000 sh@ 103.23

57 filings · 40 insider transactions

Comparable companies

by business, not by industry label

AFLAflac METMetLife PRUPrudential Financial PFGPrincipal Financial Group

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About Globe Life

Globe Life Inc. delivers diverse life insurance and supplementary health coverage, alongside annuity products, targeting households in the lower-middle to middle-income brackets throughout the United States. The company's operations are structured into four key segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. Its offerings encompass whole life, term life, and other life protection plans; supplemental health benefits like Medicare supplements, critical illness, and accident policies; and both single-premium and flexible-premium deferred annuities. Founded in 1979 and headquartered in McKinney, Texas, the enterprise rebranded from Torchmark Corporation to Globe Life Inc. in August 2019.

CEO: Frank Martin Svoboda
Headquarters: McKinney, TX
Employees: 3,695
IPO: 1980-10-01

Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.