Company
Globe Life Inc.
Headquarters: McKinney, TX, United States
Founded: 1900 in Birmingham, Alabama, U.S.
Employees: 3,222
CEO: Mr. Gary Lee Coleman
Market Cap
$7.52 Billion
USD as of July 1, 2024
Globe Life Inc. Categories
United States Financials Insurance—LifeUnited States Financials United States Insurance—Life
Company Description
Globe Life is a financial services holding company. Providing services through its wholly-owned subsidiaries, Globe Life offers life insurance, annuity, and supplemental health insurance products. It operates primarily in the states of Texas, New York, and Oklahoma.
Top Competitors by Market Capitalization
Industry: Insurance—Life
| Company | Market Cap (USD) |
|---|---|
| China Life | $95.97 B |
| Ping An Insurance | $95.13 B |
| AIA Group | $75.29 B |
| Aflac Incorporated | $50.60 B |
| MetLife, Inc. | $49.89 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
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 headquartered in McKinney, Texas.
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Stocks & Indices
Globe Life Inc. has the following listings and related stock indices.
Stock: NYSE: GL wb_incandescent
Stock: Bovespa: G1LL34 wb_incandescent
Stock: FSX: TMJ wb_incandescent
Key People
Gary Coleman and Larry Hutchison (CEO)
Financials
Revenue: US$4.304 billion (2018)
Operating income: US$706.97 million (2018)
Net income: US$701.47 million (2018)
Total assets: US$22.557 billion (2018)
Total equity: US$4.989 billion (2018)