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Business Segments (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Premium Income by Distribution Channel The following tables present segment premium revenue by each of Globe Life's distribution channels.
Premium Income by Distribution Channel
Three Months Ended June 30, 2023
 LifeHealthAnnuityTotal
Distribution ChannelAmount% of
Total
Amount% of
Total
Amount% of
Total
Amount% of
Total
American Income$394,620 51 $29,527 $— — $424,147 38 
Direct to Consumer248,607 32 17,175 — — 265,782 24 
Liberty National86,634 11 46,903 14 — — 133,537 12 
United American1,849 — 137,453 42 — — 139,302 13 
Family Heritage1,513 — 98,129 30 — — 99,642 
Other48,510 — — — — 48,510 
$781,733 100 $329,187 100 $— — $1,110,920 100 
Premium Income by Distribution Channel

 Three Months Ended June 30, 2022
 LifeHealthAnnuityTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount
% of
Total
Amount
% of
Total
American Income$375,748 50 $29,411 $— — $405,159 38 
Direct to Consumer247,264 33 17,848 — — 265,112 25 
Liberty National81,316 11 46,846 15 — — 128,162 12 
United American2,003 — 135,444 42 — — 137,447 13 
Family Heritage1,373 — 90,758 28 — — 92,131 
Other49,188 — — — — 49,188 
$756,892 100 $320,307 100 $— — $1,077,199 100 
Six Months Ended June 30, 2023
 LifeHealthAnnuityTotal
Distribution ChannelAmount% of
Total
Amount% of
Total
Amount% of
Total
Amount% of
Total
American Income$782,132 51 $59,121 $— — $841,253 38 
Direct to Consumer496,274 32 34,423 — — 530,697 24 
Liberty National171,837 11 93,875 14 — — 265,712 12 
United American3,731 — 270,060 42 — — 273,791 12 
Family Heritage2,993 — 194,201 30 — — 197,194 
Other97,363 — — — — 97,363 
$1,554,330 100 $651,680 100 $— — $2,206,010 100 

 Six Months Ended June 30, 2022
 LifeHealthAnnuityTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount
% of
Total
Amount
% of
Total
American Income$745,854 49 $58,177 $— — $804,031 37 
Direct to Consumer492,996 33 35,776 — — 528,772 25 
Liberty National161,876 11 94,606 15 — — 256,482 12 
United American4,077 — 267,134 42 — — 271,211 13 
Family Heritage2,732 — 180,298 28 — — 183,030 
Other98,485 — — — — 98,485 
$1,506,020 100 $635,991 100 $— — $2,142,011 100 
Schedule of Reconciliation of Segment Operating Information to Consolidated Statement of Operations
The following tables set forth a reconciliation of Globe Life's revenues and operations by segment to its major income statement line items. See Note 1—Significant Accounting Policies for additional information concerning reconciling items of segment profits to pretax income.
Three Months Ended June 30, 2023
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$781,733 $329,187 $— $— $— $— $1,110,920 
Net investment income— — — 261,244 — — 261,244 
Other income— — — — 85 — 85 
Total revenue781,733 329,187 — 261,244 85 — 1,372,249 
Expenses:
Policy benefits512,664 195,924 7,107 1,815 — — 717,510 
Required interest on reserves(191,781)(26,548)(9,715)228,044 — — — 
Amortization of acquisition costs81,173 12,484 423 — — — 94,080 
Commissions, premium taxes, and non-deferred acquisition costs83,547 54,908 — — — 138,459 
Insurance administrative expense(1)
— — — — 75,459 75,459 
Parent expense— — — — 3,088 — 3,088 
Stock-based compensation expense— — — — 7,486 — 7,486 
Interest expense— — — — 25,818 — 25,818 
Total expenses485,603 236,768 (2,181)229,859 111,851 — 1,061,900 
Subtotal296,130 92,419 2,181 31,385 (111,766)— 310,349 
Non-operating items— — — — — — 
Measure of segment profitability (pretax)
$296,130 $92,419 $2,181 $31,385 $(111,766)$— 310,349 
Realized gain (loss)—investments(45,843)
Income before income taxes per Condensed Consolidated Statements of Operations
$264,506 
(1)Administrative expense is not allocated to insurance segments.
Three Months Ended June 30, 2022
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$756,892 $320,307 $— $— $— $— $1,077,199 
Net investment income— — — 244,712 — — 244,712 
Other income— — — — 299 — 299 
Total revenue756,892 320,307 — 244,712 299 — 1,322,210 
Expenses:
Policy obligations492,364 190,075 7,922 1,070 — — 691,431 
Required interest on reserves(182,756)(25,460)(11,361)219,577 — — — 
Amortization of acquisition costs73,681 12,052 452 — — — 86,185 
Commissions, premium taxes, and non-deferred acquisition costs74,478 51,729 — — — 126,213 
Insurance administrative expense(1)
— — — — 73,700 4,985 (2)78,685 
Parent expense— — — — 2,893 (368)(2)2,525 
Stock-based compensation expense— — — — 8,448 — 8,448 
Interest expense— — — — 21,828 — 21,828 
Total expenses457,767 228,396 (2,981)220,647 106,869 4,617 1,015,315 
Subtotal299,125 91,911 2,981 24,065 (106,570)(4,617)306,895 
Non-operating items— — — — — 4,617 (2)4,617 
Measure of segment profitability (pretax)
$299,125 $91,911 $2,981 $24,065 $(106,570)$— 311,512 
Realized gain (loss)—investments(30,446)
Non-operating expenses(4,617)
Income before income taxes per Condensed Consolidated Statements of Operations
$276,449 
(1)Administrative expense is not allocated to insurance segments.
(2)Non-operating expenses.
The following tables set forth a reconciliation of Globe Life's revenues and operations by segment to its major income statement line items. See Note—1 Significant Accounting Policies for additional information concerning reconciling items of segment profits to pretax income.
Six Months Ended June 30, 2023
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$1,554,330 $651,680 $— $— $— $— $2,206,010 
Net investment income— — — 518,349 — — 518,349 
Other income— — — — 135 — 135 
Total revenue1,554,330 651,680 — 518,349 135 — 2,724,494 
Expenses:
Policy obligations1,020,641 386,886 14,648 3,262 — — 1,425,437 
Required interest on reserves(381,602)(52,871)(19,974)454,447 — — — 
Amortization of acquisition costs160,762 24,792 848 — — — 186,402 
Commissions, premium taxes, and non-deferred acquisition costs167,125 109,122 — — — 276,256 
Insurance administrative expense(1)
— — — — 149,366 149,366 
Parent expense— — — — 5,673 5,673 
Stock-based compensation expense— — — — 15,165 — 15,165 
Interest expense— — — — 50,685 — 50,685 
Total expenses966,926 467,929 (4,469)457,709 220,889 — 2,108,984 
Subtotal587,404 183,751 4,469 60,640 (220,754)— 615,510 
Non-operating items— — — — — — — 
Measure of segment profitability (pretax)
$587,404 $183,751 $4,469 $60,640 $(220,754)$— 615,510 
Realized gain (loss)—investments(76,770)
Income before income taxes per Consolidated Statements of Operations
$538,740 
(1)Administrative expense is not allocated to insurance segments.
Six Months Ended June 30, 2022
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$1,506,020 $635,991 $— $— $— $— $2,142,011 
Net investment income— — — 489,606 — — 489,606 
Other income— — — — 463 — 463 
Total revenue1,506,020 635,991 — 489,606 463 — 2,632,080 
Expenses:
Policy obligations987,793 379,093 16,564 2,130 — — 1,385,580 
Required interest on reserves(364,128)(50,730)(22,728)437,586 — — — 
Amortization of acquisition costs145,610 24,166 905 — — — 170,681 
Commissions, premium taxes, and non-deferred acquisition costs148,026 103,681 15 — — — 251,722 
Insurance administrative expense(1)
— — — — 146,265 5,097 (2)151,362 
Parent expense— — — — 5,533 (368)(2)5,165 
Stock-based compensation expense— — — — 17,483 — 17,483 
Interest expense— — — — 41,772 — 41,772 
Total expenses917,301 456,210 (5,244)439,716 211,053 4,729 2,023,765 
Subtotal588,719 179,781 5,244 49,890 (210,590)(4,729)608,315 
Non-operating items— — — — — 4,729 (2)4,729 
Measure of segment profitability (pretax)
$588,719 $179,781 $5,244 $49,890 $(210,590)$— 613,044 
Realized gain (loss)—investments(37,690)
Non-operating expenses(4,729)
Income before income taxes per Consolidated Statements of Operations
$570,625 
(1)Administrative expense is not allocated to insurance segments.
(2)Non-operating expenses.