Globe Life
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0.11 %
Yet to be announced
Company Overview
Globe Life Inc. provides various life and supplemental health insurance products, and annuities. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. Globe Life was formerly known as Torchmark Corporation.
Revenue Sources
Based on the company's financial reports and SEC filings, Globe Life's primary revenue sources come from insurance premiums and related services. While some of their products include annuities, their core business model revolves around providing life and health insurance protection, which are permissible activities from an Islamic finance perspective.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $1.46b | $1.08b | - | $31.39m | 0.00% | 2.91% |
| June 30, 2024 | $1.44b | $1.12b | - | $31.4m | 0.00% | 2.81% |
| March 31, 2024 | $1.42b | $1.1b | - | $28.62m | 0.00% | 2.60% |
| Dec. 31, 2023 | $1.42b | $1.08b | - | $25.68m | 0.00% | 2.38% |
Analyzing the company's financial data over the past four quarters, the interest expense ratios relative to total expenses were consistently low, ranging between 2.4% and 2.9% across all quarters. This indicates that interest expenses play a minor role in the company's overall operations.
Operational Ethics
After reviewing available information from SEC filings, company reports, and public sources, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in the United States.
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