Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Globe Life's Pre-Tax Income for the
three
months ended in Dec. 2023 was $337 Mil. Globe Life's Revenue for the
three
months ended in Dec. 2023 was $1,416 Mil. Therefore, Globe Life's pretax margin for the quarter that ended in Dec. 2023 was 23.78%.
The historical rank and industry rank for Globe Life's Pretax Margin % or its related term are showing as below:
GL'
s Pretax Margin % Range Over the Past 10 Years
Min: 18.92 Med: 20.46 Max: 24.89
Current: 22.28
GL's Pretax Margin % is ranked better than 81.24% of 485
companies
in the Insurance industry
Industry Median: 9.87
vs GL: 22.28
Globe Life Pretax Margin % Historical Data
The historical data trend for Globe Life's Pretax Margin % 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.
Competitive Comparison of Globe Life's Pretax Margin %
For the Insurance - Life subindustry, Globe Life's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Globe Life's Pretax Margin % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Globe Life's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Globe Life's Pretax Margin % falls into.
Globe Life Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Globe Life's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NYSE:GL) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Globe Life Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Globe Life's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 four reportable segments: life insurance, supplemental health insurance, annuities, 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.
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