Globe Life (LTS:0Q1Q) 3-Year Book Growth Rate : -17.30% (As of Dec. 2023)

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What is Globe Life 3-Year Book Growth Rate?

Globe Life's Book Value per Share for the quarter that ended in Dec. 2023 was €38.65.

During the past 12 months, Globe Life's average Book Value per Share Growth Rate was 17.20% per year. During the past 3 years, the average Book Value per Share Growth Rate was -17.30% per year. During the past 5 years, the average Book Value per Share Growth Rate was -4.50% per year. During the past 10 years, the average Book Value per Share Growth Rate was 7.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Globe Life was 37.30% per year. The lowest was -17.30% per year. And the median was 11.20% per year.

Competitive Comparison of Globe Life's 3-Year Book Growth Rate

For the Insurance - Life subindustry, Globe Life's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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 3-Year Book Growth Rate Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Globe Life's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Globe Life's 3-Year Book Growth Rate falls into.

Globe Life 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Globe Life (LTS:0Q1Q) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Globe Life 3-Year Book Growth Rate Related Terms

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Globe Life (LTS:0Q1Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Globe Life Inc (LTS:0Q1Q) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

GL:USA

Address

3700 South Stonebridge Drive, McKinney, TX, USA, 75070

Website

https://www.globelifeinsurance.com

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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