• Globe Life average return on tangible equity for 2023 was 24.75, a 44.15% decline from 2022.
• Globe Life average return on tangible equity for 2022 was 17.17, a 63.52% increase from 2021.
• Globe Life average return on tangible equity for 2021 was 10.5, a 0.38% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.