Debt (Tables)

9 Months Ended

Sep. 30, 2022

The following table presents information about the terms and outstanding balances of Globe Life's debt.

Selected Information about Debt Issues


				As of
				September 30, 2022								December 31, 2021
Instrument	Issue Date	Maturity Date	Coupon Rate	Par Value		Unamortized Discount & Issuance Costs		Book Value		Fair Value		Book Value
Senior notes	5/27/1993	5/15/2023	7.875%	$	165,612	$	(185)	$	165,427	$	167,781	$	165,216
Senior notes(2)	—	—	—	—		—		—		—		149,752
Senior notes	9/27/2018	9/15/2028	4.550%	550,000		(4,562)		545,438		526,702		544,949
Senior notes	8/21/2020	8/15/2030	2.150%	400,000		(3,891)		396,109		310,560		395,778
Senior notes(1)	5/19/2022	6/15/2032	4.800%	250,000		(4,616)		245,384		231,700		—

Junior subordinated debentures	11/17/2017	11/17/2057	5.275%	125,000		(1,594)		123,406		124,016		123,396
Junior subordinated debentures	6/14/2021	6/15/2061	4.250%	325,000		(7,790)		317,210		252,545		317,155
				1,815,612		(22,638)		1,792,974		1,613,304		1,696,246
Less current maturity of long-term debt				165,612		(185)		165,427		167,781		149,752
Total long-term debt				1,650,000		(22,453)		1,627,547		1,445,523		1,546,494

Current maturity of long-term debt)				165,612		(185)		165,427		167,781		149,752
Commercial paper				270,000		(690)		269,310		269,310		329,892
Total short-term debt				435,612		(875)		434,737		437,091		479,644

Total debt				$	2,085,612	$	(23,328)	$	2,062,284	$	1,882,614	$	2,026,138

(1)An additional $150 million par value and book value is held by insurance subsidiaries that eliminates in consolidation.

(2)The $300 million of 3.80% Senior notes matured on September 15, 2022, of which $150 million was owned by Globe Life affiliates.