---
title: Globe Life (GL) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/gl
ticker: GL
as_of: 2026-10-17
sector: Financial Services
industry: Insurance - Life
---
# Globe Life (GL)

Globe Life (GL) closed at $168.77 on Oct 16, 2026, overvalued by 5% vs its model value of $160.41 (from the justified price to book).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $168.77 (Oct 16, 2026) |
| Model value (from the justified price to book) | $160.41 |
| Price vs model | overvalued by 5% vs model |
| Range of that model | $140.36 – $187.14 |
| Market value | $13.0B |
| P/E (fiscal 2025) | 12.0 |
| Net margin (fiscal 2025) | 19.4% |
| Free cash flow (fiscal 2025) | $1.3B |
| Dividend yield (trailing twelve months) | 0.75% |
| Beta | 0.44 |
| Cost of capital (WACC) | 7.11% |
| Business classification | Mature & Stable (Low/slowing growth (~5% recent), Moderate margins (19% net margin), Highly cyclical earnings, Strong FCF yield (9.7%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Lowest P/E | #34 | 12.0× | https://sweetvaluelab.com/lists/lowest-pe |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 0.75% |
| Dividends per share, last 12 months | $1.26 |
| Dividends / earnings (fiscal 2025) | 7.4% |
| Raised | 20 years in a row |
| Growth over 5 years | 10.0% a year |
| Latest payment | $0.33, ex-date Oct 5, 2026, paid Oct 30, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Oct 1, 2021 | $0.78 |
| To Oct 6, 2022 | $0.82 |
| To Oct 5, 2023 | $0.88 |
| To Oct 4, 2024 | $0.95 |
| To Oct 3, 2025 | $1.05 |
| Trailing twelve months (to Oct 5, 2026) | $1.26 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/B · justified | primary | $160.41 | $140.36 | $187.14 |
| P/E · peers | cross check | $191.93 | $155.82 | $204.24 |
| P/E · own history | cross check | $182.94 | $156.25 | $213.62 |
| PEG | sanity check | $141.20 | $141.20 | $141.20 |
| Dividend discount | cross check | $26.59 | $17.03 | $51.07 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 16 open-market sales ($30.0M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 22, 2026 | Hensley Robert Edward | EVP & Chief Investment Officer | Option/RSU exercise | 10,000 | $0 |
| Sep 22, 2026 | Hensley Robert Edward | EVP & Chief Investment Officer | Open-market sell | 6,656 | $1.1M |
| Sep 22, 2026 | Hensley Robert Edward | EVP & Chief Investment Officer | Open-market sell | 3,344 | $566,912 |
| Sep 22, 2026 | Hensley Robert Edward | EVP & Chief Investment Officer | Option/RSU exercise | 10,000 | $1.0M |
| Aug 7, 2026 | MITCHELL ROBERT BRIAN | EVP, General Counsel and CRO | Option/RSU exercise | 23,000 | $2.4M |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 7, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/320335/000032033526000218/gl-20260807.htm |
| Aug 5, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/320335/000032033526000216/gl-20260630.htm |
| Jul 22, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/320335/000032033526000203/gl-20260722.htm |
| Jun 29, 2026 | 8-K | 1.01 Entry into a Material Agreement; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/320335/000032033526000198/gl-20260629.htm |
| May 7, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/320335/000032033526000169/gl-20260331.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Richard Pzena | 2026-06-30 | 1,355,811 | $242.3M |
| Bridgewater | 2026-06-30 | 66,120 | $11.8M |
| Tweedy Browne | 2026-06-30 | 22,364 | $4.0M |

3 tracked managers in all.

## About

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.

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Source: https://sweetvaluelab.com/stocks/gl (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.