• Globe Life average net profit margin for 2023 was 17.16%, a 15.59% increase from 2022.
• Globe Life average net profit margin for 2022 was 20.33%, a 22.62% decline from 2021.
• Globe Life average net profit margin for 2021 was 16.58%, a 5.2% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.