GL (Globe Life) Policy Acquisition Expense: $470 Mil (As of Mar. 2026)

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GL Globe Life Inc GL
85 GF Score
Price $179.22
GF Value $149.74
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Globe Life Policy Acquisition Expense?

Globe Life GL -0.11% 85 Policy Acquisition Expense is $470 Mil as of Mar. 2026. GuruFocus rates GL with a GF Score™ of 85/100 and a GF Value™ of $149.74 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Policy acquisition expense is the expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc. Globe Life's policy acquisition expense for the three months ended in Mar. 2026 was $118 Mil. Its policy acquisition expense for the trailing twelve months (TTM) ended in Mar. 2026 was $470 Mil.

Globe Life Policy Acquisition Expense Historical Data

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The historical data trend for Globe Life's Policy Acquisition Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Globe Life Policy Acquisition Expense Chart

Globe Life Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Policy Acquisition Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 317.62 348.82 379.70 410.00 447.76

Globe Life Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Policy Acquisition Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 111.40 114.07 116.77 118.28 120.54
GL
85GF Score
Globe Life Inc GL
Policy Acquisition Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Globe Life Policy Acquisition Expense Calculation

Expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc.

Policy Acquisition Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $470 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Policy Acquisition Expense of $470 Mil mean?
Globe Life (GL) has a Policy Acquisition Expense of $470 Mil as of Mar. 2026. Policy acquisition expenses are costs insurance companies incur through marketing and commissions. View historical data on Globe Life and its competitors.
Is Globe Life's Policy Acquisition Expense too high?
Globe Life's current Policy Acquisition Expense is $470 Mil. Overall, Globe Life has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Globe Life's Policy Acquisition Expense compare to UNM and PRI?
Globe Life's Policy Acquisition Expense of $470 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Policy Acquisition Expense for an Insurance company?
A good Policy Acquisition Expense depends on the Insurance industry context. However, Policy Acquisition Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Policy Acquisition Expense mean?
A high Policy Acquisition Expense can signal that a stock is expensive relative to its fundamentals. Policy acquisition expenses are costs insurance companies incur through marketing and commissions. View historical data on Globe Life and its competitors. Globe Life's current Policy Acquisition Expense is $470 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Globe Life stock overvalued right now?
Based on GuruFocus' analysis, Globe Life (GL) is currently considered Modestly Overvalued. The stock's GF Value™ is $149.74, compared to a current price of $179.22 — trading 19.7% above its estimated fair value. The current Policy Acquisition Expense is $470 Mil. Globe Life's overall GF Score™ is 85/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Policy Acquisition Expense calculated?
Policy Acquisition Expense is calculated from a company's financial statements. For Globe Life (GL), the current Policy Acquisition Expense is $470 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Globe Life (GL) Overvalued in 2026?

Based on GuruFocus' analysis, Globe Life stock appears to be overvalued. The current stock price of $179.22 is trading 19.7% above its estimated GF Value™ of $149.74. GuruFocus considers Globe Life to be Modestly Overvalued.

Key valuation signals for GL:

  • Policy Acquisition Expense: $470 Mil
  • GF Value™: $149.74 vs. price of $179.22 (19.7% above fair value)
  • GF Score™: 85/100 with 9 warning signs

No single metric tells the full story. See the GL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Globe Life Business Description

Other Exchanges TMJ:GermanyG1LL34:Brazil
Address 7677 Henneman Way, McKinney, TX, USA, 75070
Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into three reportable segments: life insurance, supplemental health insurance and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.
85GF Score

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Policy Acquisition Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$179.22
Price
$149.74
GF Value