• Globe Life average net profit margin for 2023 was 17.48%, a 11.98% increase from 2022.
• Globe Life average net profit margin for 2022 was 19.86%, a 15.73% decline from 2021.
• Globe Life average net profit margin for 2021 was 17.16%, a 10.92% increase from 2020.

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