Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Selected Information about Debt Issues

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

Selected Information about Debt Issues

				As of
				June 30, 2023								December 31, 2022
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%	$	—	$	—	$	—	$	—	$	165,500
Senior notes	9/27/2018	9/15/2028	4.550%	550,000		(4,058)		545,942		531,146		545,601
Senior notes	8/21/2020	8/15/2030	2.150%	400,000		(3,555)		396,445		315,536		396,219
Senior notes(1)	5/19/2022	6/15/2032	4.800%	250,000		(4,317)		245,683		239,521		245,493
Junior subordinated debentures	11/17/2017	11/17/2057	5.275%	125,000		(1,582)		123,418		122,104		123,410
Junior subordinated debentures	6/14/2021	6/15/2061	4.250%	325,000		(7,732)		317,268		255,580		317,229
Term loan(2)	5/11/2023	11/11/2024	6.200%	170,000		(639)		169,361		169,361		—
				1,820,000		(21,883)		1,798,117		1,633,248		1,793,452
Less current maturity of long-term debt				—		—		—		—		165,500
Total long-term debt				1,820,000		(21,883)		1,798,117		1,633,248		1,627,952
Current maturity of long-term debt				—		—		—		—		165,500
Commercial paper				260,000		(1,768)		258,232		258,232		283,603
Total short-term debt				260,000		(1,768)		258,232		258,232		449,103
Total debt				$	2,080,000	$	(23,651)	$	2,056,349	$	1,891,480	$	2,077,055

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

(2)Interest calculated quarterly using Secured Overnight Financing Rate (SOFR) plus 135 basis points.