
GL Stock Forecast & Price Target
GL Analyst Ratings
Bulls say
Globe Life Inc. is projecting robust growth across its segments, with net life sales for American Income Life anticipated to increase by 16% in 2024, contributing to an overall 8% sales growth in the most recent quarter. In the Health segment, premium revenue is expected to rise by 7.5%-8.5%, supported by a solid underwriting margin of 26%-28%, while management forecasts a life premium revenue growth of 4%-4.5% for 2024, with an improved life underwriting margin of 41%. Additionally, the outlook for 2025 indicates continued momentum, with life premium revenue projected to grow between 4.5%-5% and underwriting margins expected to remain strong at 39%-42%.
Bears say
Globe Life Inc's health segment underwriting profitability has decreased to 25% of premium, down from 29% the previous year, indicating a declining trend in profitability that is below prior forecasts. Additionally, the company's sales projections show a downward revision for its direct-to-consumer segment, with anticipated declines of 8%, contrasted against low double-digit growth expected in other segments, highlighting potential challenges in overall sales performance. Furthermore, while excess investment income exceeded initial projections, the company faces risks associated with low interest rates that could further pressure investment income, compounded by total operational revenue falling short of both forecasts and consensus expectations.
This aggregate rating is based on analysts' research of Globe Life Inc and is not a guaranteed prediction by Public.com or investment advice.
GL Analyst Forecast & Price Prediction
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