GLOBE LIFE INC.
Business
GLOBE LIFE INC. operates as an insurance holding company providing life and supplemental health insurance through its subsidiaries. It offers traditional whole life, term life, interest-sensitive and other life products, along with supplemental limited‑benefit health insurance and Medicare Supplement coverage. Key business segments include Direct to Consumer, American Income Life, Liberty National, Family Heritage, and United American divisions, which underwrite and distribute the company’s products. Globe Life distributes products nationwide through direct mail, electronic media, insert media, exclusive and independent agents, in‑home and worksite channels, and international agent networks.
Summary from filing dated 2025-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 4,890 | 4,666 | 4,456 | 4,310 | 4,095 | |
| Net investment income | 1,130 | 1,136 | 1,057 | 992 | 957 | |
| Realized gains (losses) | −28 | −24 | −66 | −77 | 59 | |
| Other income | 2 | 354,000 | 308,000 | 1 | 1 | |
| Total revenue | 5,994 | 5,778 | 5,448 | 5,227 | 5,112 | |
| Total policyholder benefits | 2,884 | 2,894 | 2,864 | 2,825 | 2,659 | |
| Amortization of deferred acquisition costs | 448 | 410 | 380 | 349 | 318 | |
| Commissions, premium taxes, and non-deferred acquisition costs | 643 | 601 | 559 | 506 | 455 | |
| Other operating expense | 442 | 419 | 348 | 354 | 322 | |
| Interest expense | 141 | 127 | 102 | 90 | 83 | |
| Total benefits and expenses | 4,558 | 4,451 | 4,253 | 4,125 | 3,837 | |
| Income before income taxes | 1,436 | 1,327 | 1,194 | 1,102 | 1,275 | |
| Income tax benefit (expense) | −275 | −256 | −224 | −208 | −243 | |
| Net income | 1,161 | 1,071 | 971 | 894 | 1,031 | |
| Basic net income per common share (in dollars per share) | 14.27 | 11.99 | 10.21 | 9.13 | 10.1 | |
| Diluted net income per common share (in dollars per share) | 14.07 | 11.94 | 10.07 | 9.04 | 9.99 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2023 2023-09-30 | FY 2023 2023-06-30 |
|---|---|---|---|---|---|---|
| Fixed maturitiesavailable for sale, at fair value (amortized cost: 2025$18,820,464; 2024$18,835,809, allowance for credit losses: 2025 $3,297; 2024 $10,395) | 17,589 | 17,155 | 17,870 | — | — | |
| Mortgage loans | 429 | 396 | 279 | — | — | |
| Policy loans | 741 | 700 | 657 | — | — | |
| Other long-term investments (includes: 2025$1,109,719; 2024$986,766 under the fair value option) | 1,396 | 1,236 | 836 | — | — | |
| Short-term investments | 315 | 85 | 82 | — | — | |
| Total investments | 20,470 | 19,572 | 19,724 | — | — | |
| Cash | 145 | 165 | 103 | — | — | |
| Accrued investment income | 273 | 270 | 270 | — | — | |
| Other receivables | 769 | 692 | 630 | — | — | |
| Deferred acquisition costs | 6,999 | 6,496 | 6,009 | — | — | |
| Goodwill | 490 | 490 | 482 | — | — | |
| Other assets | 1,668 | 1,392 | 832 | — | — | |
| Total assets | 30,814 | 29,076 | 28,051 | 26,223 | 26,770 | |
| Future policy benefits at current discount rates: (at original discount rates: 2025$18,129,506; 2024$17,552,564) | 19,170 | 18,457 | 19,460 | — | — | |
| Unearned and advance premium | 271 | 258 | 255 | — | — | |
| Policy claims and other benefits payable | 541 | 533 | 515 | — | — | |
| Other policyholders' funds | 532 | 469 | 237 | — | — | |
| Total policy liabilities | 20,513 | 19,716 | 20,467 | — | — | |
| Current and deferred income taxes | 860 | 731 | 495 | — | — | |
| Short-term debt | 305 | 415 | 486 | — | — | |
| Long-term debt (estimated fair value: 2025$2,225,320; 2024$2,122,772) | 2,321 | 2,324 | 1,630 | — | — | |
| Other liabilities | 841 | 583 | 488 | — | — | |
| Total liabilities | 24,839 | 23,771 | 23,565 | 21,600 | 22,789 | |
| Commitments and Contingencies (Note 5) | — | — | — | — | — | |
| Preferred stock, par value $1 per share5,000,000 shares authorized; outstanding: 0 in 2025 and 2024 | 0 | 0 | 0 | — | — | |
| Common stock, par value $1 per share320,000,000 shares authorized; outstanding: (202592,218,183 issued; 202497,218,183 issued) | 92 | 97 | 102 | — | — | |
| Additional paid-in-capital | 536 | 528 | 532 | — | — | |
| Accumulated other comprehensive income (loss) | −1,771 | −2,030 | −2,772 | — | — | |
| Retained earnings | 8,500 | 8,003 | 7,479 | — | — | |
| Treasury stock, at cost: (202513,125,082 shares; 202413,240,616 shares) | −1,429 | −1,292 | −854 | — | — | |
| Total shareholders' equity | 5,975 | 5,306 | 4,487 | — | — | |
| Total liabilities and shareholders' equity | 30,814 | 29,076 | 28,051 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Increase (decrease) in future policy benefits | 582 | 731 | 834 | 759 | 646 | |
| Increase (decrease) in other policy benefits | 21 | 19 | 5 | 36 | 32 | |
| Deferral of policy acquisition costs | −942 | −914 | −850 | −829 | −782 | |
| Change in current and deferred income taxes | 99 | 78 | 101 | 92 | 148 | |
| Realized (gains) losses | 28 | 24 | 66 | 77 | −59 | |
| Other, net | −620,000 | −18 | −25 | 44 | 105 | |
| Cash provided from (used for) operating activities | 1,396 | 1,402 | 1,482 | 1,422 | 1,438 | |
| Fixed maturities available for salesold | 624 | 1,207 | 603 | 390 | 117 | |
| Fixed maturities available for salematured or other redemptions | 314 | 214 | 251 | 462 | 311 | |
| Mortgage loans | 66 | 54 | 44 | 33 | 31 | |
| Other long-term investments | 128 | 43 | 151 | 50 | 5 | |
| Total investments sold or matured | 1,131 | 1,519 | 1,048 | 936 | 464 | |
| Fixed maturitiesavailable for sale | −921 | −1,379 | −1,536 | −1,420 | −1,004 | |
| Mortgage loans | −140 | −175 | −159 | −77 | −10 | |
| Other long-term investments | −247 | −460 | −156 | −213 | −248 | |
| Total investments acquired | −1,308 | −2,014 | −1,851 | −1,711 | −1,263 | |
| Net (increase) decrease in policy loans | −42 | −43 | −42 | −25 | −5 | |
| Net (increase) decrease in short-term investments | −230 | −3 | 32 | −45 | 39 | |
| Additions to property and equipment | −142 | −71 | −50 | −28 | −38 | |
| Other investing activities | 0 | 96,000 | 0 | 0 | −57 | |
| Investments in low-income housing interests | −53 | −30 | −64 | −70 | −53 | |
| Cash provided from (used for) investing activities | −644 | −642 | −926 | −943 | −913 | |
| Issuance of common stock | 164 | 52 | 114 | 107 | 70 | |
| Cash dividends paid to shareholders | −86 | −85 | −84 | −81 | −80 | |
| Repayment of debt | 0 | 0 | −166 | −150 | −300 | |
| Proceeds from issuance of debt | 0 | 530 | 170 | 250 | — | |
| Payment for debt issuance costs | −6 | −7 | −757,000 | −5 | −8 | |
| Net borrowing (repayment) of commercial paper | 103 | −14 | 33 | −46 | — | |
| Proceeds from commercial paper with original maturities greater than 90 days | 488 | 485 | 0 | 0 | — | |
| Repayment of commercial paper with original maturities greater than 90 days | −701 | −372 | 0 | 0 | — | |
| Acquisition of treasury stock | −881 | −1,002 | −511 | −455 | −541 | |
| Amounts paid to reinsurer | 0 | −414 | 0 | 0 | — | |
| Net receipts (payments) from deposit-type products | 152 | 112 | −97 | −113 | −64 | |
| Cash provided from (used for) financing activities | −768 | −716 | −541 | −492 | −524 | |
| Effect of foreign exchange rate changes on cash | −5 | 17 | −4 | 14 | −3 | |
| Net increase (decrease) in cash | −21 | 62 | 11 | 396,000 | −3 |
Filings
Material Events
Insiders
Institutional Holders
Holdings (13F)
Portfolio as of 2026-03-31 · 2 positions
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $380.80M | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| VANGUARD INDEX FDS | — | 549.2K | $328.16M | 86.2% |
| VANGUARD SCOTTSDALE FDS | — | 704.5K | $52.64M | 13.8% |
Frequently asked questions
What is GLOBE LIFE INC.'s CIK number?
GLOBE LIFE INC.'s SEC CIK number is 0000320335 (320335). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GLOBE LIFE INC.'s SEC filings?
All of GLOBE LIFE INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GLOBE LIFE INC. last report earnings?
GLOBE LIFE INC. (GL) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000320335-26-000143). This is GLOBE LIFE INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is GLOBE LIFE INC.'s most recent earnings 8-K?
GLOBE LIFE INC.'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0000320335-26-000143. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GLOBE LIFE INC.'s latest earnings 8-K →
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