Globe Life Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.16B | $3.94B | $3.77B | $3.62B | $3.49B | $3.59B | $3.38B | $3.37B |
| Life premium | $2.31B | $2.19B | $2.07B | $1.97B | $1.89B | — | — | — |
| Health premium | $976.0M | $948.0M | $926.0M | $869.0M | $864.0M | — | — | — |
| Net investment income | $848.0M | $807.0M | $774.0M | $758.0M | $735.0M | — | — | — |
| Realized gains (losses) | $24.0M | $-11.0M | $-9.0M | $24.0M | $8.0M | — | — | — |
| Other income | $1.0M | $1.0M | $2.0M | $3.0M | $2.0M | — | — | — |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | $807.0M | $782.9M | $775.0M | $761.1M | $747.3M | $728.2M | $697.9M | $713.2M |
| Gross Margin | 19.4% | 19.9% | 20.6% | 21.0% | 21.4% | 20.3% | 20.7% | 21.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $210.6M | $197.2M | $186.2M | $177.3M | $176.8M | $165.4M | $179.0M | $155.6M |
| Operating Income | $821.2M | $787.3M | $776.4M | $771.6M | $756.1M | $753.6M | $732.0M | $722.4M |
| Operating Margin | 19.8% | 20.0% | 20.6% | 21.3% | 21.6% | 21.0% | 21.7% | 21.5% |
| Interest Expense | $84.5M | $83.3M | $76.6M | $76.1M | $80.5M | $80.5M | $77.9M | $75.5M |
| Pretax Income | $830.6M | $772.2M | $766.2M | $784.7M | $755.3M | $766.0M | $723.8M | $750.6M |
| Income Tax Expense | $-627.6M | $232.6M | $249.9M | $256.6M | $248.1M | $236.7M | $226.2M | $246.5M |
| Net Income | $1.45B | $549.8M | $527.1M | $542.9M | $528.5M | $529.3M | $497.2M | $498.9M |
| Net Margin | 35.0% | 14.0% | 14.0% | 15.0% | 15.1% | 14.7% | 14.7% | 14.8% |
| EPS (Basic) | $12.50 | $4.58 | $4.21 | $4.15 | $3.84 | $3.65 | $4.59 | $4.09 |
| EPS (Diluted) | $12.22 | $4.49 | $4.16 | $4.09 | $3.79 | $3.60 | $4.53 | $4.05 |
| Shares Outstanding (Basic) | 116.3M | 120.0M | 125.1M | 130.7M | 137.6M | 144.9M | 108.3M | 122.0M |
| Shares Outstanding (Diluted) | 119.0M | 122.4M | 126.8M | 132.6M | 139.6M | 146.8M | 109.8M | 123.1M |
| Dividends Per Share | $0.60 | $0.56 | $0.54 | $0.51 | $0.45 | $0.40 | $0.46 | $0.41 |