Today, we’ll talk about Globe Life (GL), which has been a growth leader over the past 3 months.
Over the past three months, Globe Life shares have risen by +74.9%. At the same time, the financial sector, to which the company belongs, grew by +4.5%, and the S&P 500 index grew by +8.1%. As you can see, Globe Life shares show better returns than the sector average.
Globe Life is an insurance company that offers life insurance, supplemental health insurance, annuities, and investments. The main consumers of services are middle-class clients.
The company operates in the insurance industry. It was founded in 1900, listed on the NYSE in 1980, and in 1989 was included in the S&P 500 index. For the last year, the company has been led by Matthew Darden and a team of experienced managers.
The main competitors of Globe Life in the S&P 500 index are Loews, Everest Group and Assurant. As you can see from the table above, they are ahead of the company in terms of capitalization, but it has a number of competitive advantages.
Globe Life’s strengths are based on the diversification of its activities. Among other segments, the company is developing an investment segment to provide insurance benefits, not only from contributions, but also from investment instruments. This segment accounts for about 20% of the company’s revenue.
Globe Life published its latest report on April 22. 51% of the revenue structure is occupied by product manufacturing costs, and 49% by gross income. Over the past quarter, the company earned a profit of $254M. And its market capitalization is now $7.8B.
*This is not an investment recommendation. It is up to each individual to decide which criteria to favor when making an investment decision, taking into account their goals and individual risk tolerance.
