Globe Life - M&A Summary and Business Overview

InsuranceCompany

Globe Life M&A Summary

Globe Life has acquired 5 companies, including 2 in the last 5 years. It has also divested 1 asset.

Globe Life’s largest acquisition to date was in 1994, when it acquired American Income Life Insurance for $563M. It’s largest disclosed sale occurred in 2010, when it sold United Investors Life Insurance to Protective Life for $332M. Globe Life has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include insurance (100%).

Globe Life Business Overview

Where is Globe Life headquartered?

Globe Life is headquartered in McKinney, Texas.

What is Globe Life’s revenue?

Globe Life disclosed revenue of 5,447M USD for 2023 and 5,226M USD for 2022.

How many employees does Globe Life have?

Globe Life has 3,636 employees.

What sector is Globe Life in?

Globe Life is an insurance company.

When was Globe Life founded?

Globe Life was founded in 1979.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 5

Globe Life

Globe Life, Inc.

3700 South Stonebridge Drive,
McKinney, Texas 75070
United States,
(972) 569-4000
www.globelifeinsurance.com

Globe Life is a holding company specializing in life and supplemental health insurance for middle income Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies. Globe Life was founded in 1979 and is based in Mckinney, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 3 - 1 - 1 - 5
vol $782M $782M
Sell (0.0/yr) # 1 - - - - - 1
vol $332M $332M
  6

Most Recent M&A

Company Date Value Type
Evry Healthcare, Inc. 2023-10-13 - Add-on Acquisition
Dallas, Texas · www.evryhealth.com
Beazley Benefits 2021-08-02 - Divestiture
London, United Kingdom
Family Heritage Life Insurance Company of America 2012-08-01 219M USD Add-on Acquisition
Cleveland, Ohio · www.familyheritagelife.com
United Investors Life Insurance Co. 2010-09-14 332M USD Divestiture
Hoover, Alabama · www.uilic.com
American Income Life Insurance Co., Inc. 1994-09-16 563M USD Add-on Acquisition
Waco, Texas · www.ailife.com
United Investors Life Insurance Co. 1981-10-01 - Divestiture
Hoover, Alabama · www.uilic.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 5 (100%) 782M (100%) 1 (100%) 332M (100%)
Total 5 $782M 1 $332M

By Geo

State/Country Buy Value Sell Value
United States 4 782M 1 332M
  Texas 2 563M - -
  Alabama 1 - 1 332M
  Ohio 1 219M - -
United Kingdom 1 - - -
Domestic 4 (80%) 782M (100%) 1 (100%) 332M (100%)
Cross-border 1 (20%) - - -
Total 5 $782M 1 $332M

Top M&A Advisors

Financial Deals
PJT Partners
 1
BofA Securities
 1
Wells Fargo Securities
 1
Legal Deals
Locke Lord
 1
McAfee & Taft
 1

Deal Values

buy # Total
$100M to $1B 2 $782M
TOTAL $782M
Largest American Income Life Insurance Co., Inc.
$563M (1994-09-16)
sell # Total
$100M to $1B 1 $332M
TOTAL $332M
Largest United Investors Life Insurance Co.
$332M (2010-09-14)

M&A Connections

Deals
Acquired from
Strategic(s)
40%
2 (40%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Insurance

Revenue

5,447   5% 2023
5,226   3% 2022
5,121   9% 2021
4,738   5% 2020
4,528   6% 2019
4,304   4% 2018
4,156   6% 2017
3,935   5% 2016
3,766   5% 2015
3,620   4% 2014
3,494   3% 2013
3,589   2012
(millions of USD) Show More Show Less

Employees

3,636

Established

1979

Public

NYSE: GL

Former Name

Torchmark Corp.

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