• Globe Life average gross margin for 2024 was 38.74%, a 6.37% increase from 2023.
• Globe Life average gross margin for 2023 was 36.42%, a 3.52% increase from 2022.
• Globe Life average gross margin for 2022 was 37.75%, a 2.71% decline from 2021.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.