Globe Life vs Primerica
Globe Life is the larger business, with $5.99bn of revenue in fiscal 2025 against $3.29bn for Primerica (1.8 times as much). Primerica grew faster (6.6% against 3.7%). Primerica kept more of each dollar of sales as profit: a net margin of 22.7% against 19.4%. Primerica carries less debt relative to equity (0.0% against 43.9%).
| Latest fiscal year | Globe LifeGL, 2025 | PrimericaPRI, 2025 |
|---|---|---|
| Revenue | $5.99bn | $3.29bn |
| Revenue growth | 3.7% | 6.6% |
| Net income | $1.16bn | $749m |
| Operating margin | — | — |
| Net margin | 19.4% | 22.7% |
| Return on equity | 20.6% | 31.8% |
| Free cash flow | $1.25bn | $901m |
| Cash | $145m | $756m |
| Total debt | $2.63bn | $0 |
| Debt to equity | 43.9% | 0.0% |
| Dividend per share | $1.08 | — |
| Dividend yield | 0.6% | 3.2% |
| Share buybacks | $881m | $450m |
| Employees | 3,695 | 2,833 |
| Market value | $14.59bn | $8.72bn |
| Price vs our value range | — | — |
| Moat score | 88 (Strong) | 87 (Strong) |
| Insider trades, 12 months | 0 buys, 81 sales | 0 buys, 11 sales |