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Business Segments
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Business Segments Note 15—Business Segments
Premium Income by Distribution Channel
For the Year 2024
 LifeHealthTotal
Distribution ChannelAmount% of
Total		Amount% of
Total		Amount% of
Total
American Income$1,698,209 52 $123,123 9 $1,821,332 39 
Direct to Consumer988,522 30 71,993 5 1,060,515 23 
Liberty National371,061 12 190,381 14 561,442 12 
United American6,600 — 591,774 42 598,374 13 
Family Heritage6,661 — 427,654 30 434,315 9 
Other190,294 6 — — 190,294 4 
Total premium
$3,261,347 100 $1,404,925 100 $4,666,272 100 
 For the Year 2023
 LifeHealthTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount
% of
Total
American Income$1,588,702 51 $120,332 9 $1,709,034 38 
Direct to Consumer991,406 32 68,575 5 1,059,981 24 
Liberty National349,736 11 187,934 14 537,670 12 
United American7,311 — 545,723 42 553,034 13 
Family Heritage6,134 — 396,209 30 402,343 9 
Other193,955 6 — — 193,955 4 
Total premium
$3,137,244 100 $1,318,773 100 $4,456,017 100 
 For the Year 2022
 LifeHealthTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount% of
Total
American Income$1,505,034 50 $117,353 9 $1,622,387 38 
Direct to Consumer985,488 33 71,129 5 1,056,617 24 
Liberty National327,469 11 187,241 15 514,710 12 
United American7,966 — 539,874 42 547,840 13 
Family Heritage5,586 — 366,820 29 372,406 9 
Other196,281 6 — — 196,281 4 
$3,027,824 100 $1,282,417 100 4,310,241 100 
Annuity
1 — 
Total premium
$4,310,242 100 

Due to the nature of the life and health insurance industry, Globe Life has no individual or group which would be considered a major customer. Substantially all of Globe Life's business is conducted in the United States.
 
The measure of profitability established by the chief operating decision makers for the insurance segments is underwriting margin in accordance with the manner in which the segments are managed. It essentially represents gross profit margin on insurance products before insurance administrative expenses and consists primarily of premium less net policy benefits, acquisition expenses, and commissions. The CODMs use the Life and Health segment profit or loss in monitoring the insurance specific business and to analyze performance measures that inform decisions around product pricing and appropriate support services such as agency force and training. Required interest on policy liabilities is reflected as a component of the Investment segment (rather than as a component of underwriting margin in the insurance segment) in order to match this cost with the investment income earned on the assets supporting the policy liabilities.
 
The measure of profitability for the Investment segment is excess investment income, representing the income earned on the investment portfolio in excess of policy requirements. Excess investment income is used to analyze the performance of our investments in relation to our policy required obligations and informs and supports management actions regarding investment related decisions and policy benefits within our product features. Other than the required interest on the insurance segments, no other intersegment revenues or expenses are recognized.
 
Globe Life holds a sizable investment portfolio to support its insurance liabilities, the yield from which is used to offset policy benefit, acquisition, administrative, and tax expenses. This yield or investment income is taken into account when establishing premium rates and profitability expectations for its insurance products. From time to time, investments are sold or called, or experience a credit loss event, each of which are reflected by the Company as realized gain (loss)—investments. These gains or losses generally occur as a result of disposition due to issuer calls, compliance with Company investment policies, or other reasons often beyond management’s control. Unlike investment income, realized gains and losses are incidental to insurance operations, and only overall yields are considered when setting premium rates or insurance product profitability expectations. While these gains and losses are not relevant to segment profitability or core operating results, they can have a material positive or negative result on net income. For these reasons, management removes realized investment gains and losses when it views its segment operations.

Management also removes non-operating items unrelated to the Company's core insurance activities when evaluating those results. All other unallocated revenues and expenses, including expenses directly attributable to corporate operations, insurance administrative expense and interest on debt, are disclosed after segment profit or loss within the reconciliation to Income before taxes. Stock-based compensation expense is considered a corporate expense by Globe Life management. Therefore, these items are excluded in its presentation of segment results because accounting guidance requires that operating segment results be presented as management views its
business. All of these items are included in “Other operating expense” in the Consolidated Statements of Operations for the appropriate year. See additional detail below in the tables.
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.

Year Ended December 31, 2024
LifeHealthInvestmentConsolidated
Revenue:
Premium$3,261,347 $1,404,925 $— $4,666,272 
Net investment income— — 1,135,631 1,135,631 
Segment revenue3,261,347 1,404,925 1,135,631 5,801,903 
Other income354 
Realized gains (losses)(24,188)
Total consolidated revenue
$5,778,069 
Expenses:
Policy obligations(1)
2,000,977 851,577 20,969 $2,873,523 
Required interest on reserves (811,147)(110,342)950,258 28,769 
Amortization of acquisition costs 356,223 52,224 — 408,447 
Commissions159,703 158,869 — 318,572 
Premium taxes68,360 28,421 — 96,781 
Non-deferred acquisition costs134,634 51,753 — 186,387 
Segment profit or (loss)
$1,352,597 $372,423 $164,404 1,889,424 
Insurance administrative expenses:
Salaries129,369 
Other employee costs36,176 
Information technology costs80,555 
Legal costs30,478 
Other administrative costs65,852 
Parent expense12,400 
Stock-based compensation expense40,118 
Interest expense127,092 
Legal proceedings21,575 
Non-operating expenses2,620 
Annuity(7,282)
 Total expenses4,451,432 
.
Income before income taxes per Consolidated Statement of Operations
$1,326,637 
(1)Policy obligations are based upon policyholder behavior and impacts related to lapses, mortality, and morbidity. For detailed information, including remeasurement gains and losses, see Note 6—Policy Liabilities.
Year Ended December 31, 2023
LifeHealthInvestmentConsolidated
Revenue:
Premium$3,137,244 $1,318,773 $— $4,456,017 
Net investment income— — 1,056,884 1,056,884 
Segment revenue3,137,244 1,318,773 1,056,884 5,512,901 
Other income308 
Realized gains (losses)
(65,676)
Total consolidated revenue $5,447,533 
Expenses:
Policy obligations(1)
2,050,789 776,362 9,061 $2,836,212 
Required interest on reserves (772,701)(106,516)917,441 38,224 
Amortization of acquisition costs 327,426 50,598 — 378,024 
  Commissions145,678 150,192 — 295,870 
  Premium taxes64,571 26,440 — 91,011 
  Non-deferred acquisition costs128,509 43,760 — 172,269 
Segment profit or (loss)
$1,192,972 $377,937 $130,382 1,701,291 
Insurance administrative expenses:
Salaries119,699 
Other employee costs35,905 
Information technology costs64,998 
Legal costs15,335 
Other administrative costs65,224 
Parent expense10,866 
Stock-based compensation expense30,736 
Interest expense102,316 
Legal proceedings900 
Non-operating expenses4,170 
Annuity
(8,492)
 Total expenses4,253,267 
Income before income taxes per Consolidated Statement of Operations
$1,194,266 
(1)Policy obligations are based upon policyholder behavior and impacts related to lapses, mortality, and morbidity. For detailed information, including remeasurement gains and losses, see Note 6—Policy Liabilities.
Year Ended December 31, 2022
LifeHealthInvestmentConsolidated
Revenue:
Premium$3,027,824 $1,282,417 $— $4,310,241 
Net investment income— — 991,800 991,800 
Segment revenue3,027,824 1,282,417 991,800 5,302,041 
Annuity premium income
1 
Other income1,246 
Realized gains (losses)
(76,548)
Total consolidated revenue $5,226,740 
Expenses:
Policy obligations(1)
2,035,693 752,866 4,372 $2,792,931 
Required interest on reserves(735,688)(102,315)882,839 44,836 
Amortization of acquisition costs298,841 48,185 — 347,026 
Commissions140,283 145,185 — 285,468 
Premium taxes61,609 24,653 — 86,262 
Non-deferred acquisition costs97,561 36,706 — 134,267 
Segment profit or (loss)
$1,129,525 $377,137 $104,589 1,611,251 
Insurance administrative expenses:
Salaries129,711 
Other employee costs42,319 
Information technology costs55,526 
Legal costs12,056 
Other administrative costs59,729 
Parent expense11,156 
Stock-based compensation expense35,650 
Interest expense90,395 
Legal proceedings2,496 
Non-operating expenses5,311 
Annuity
(10,510)
Total expenses4,124,629 
Income before income taxes per Consolidated Statement of Operations
$1,102,111 
(1)Policy obligations are based upon policyholder behavior and impacts related to lapses, mortality, and morbidity. For detailed information, including remeasurement gains and losses, see Note 6—Policy Liabilities.
Assets for each segment are reported based on a specific identification basis. The insurance segments’ assets contain DAC. The investment segment includes the investment portfolio, cash, and accrued investment income. Goodwill is assigned to the insurance segments at the time of purchase. All other assets are included in the annuity and other corporate category. The tables below reconcile segment assets to total assets as reported on the Consolidated Balance Sheets.
 
Assets by Segment

 At December 31, 2024
 LifeHealthInvestmentConsolidated
Cash and invested assets$— $— $19,736,888 $19,736,888 
Accrued investment income— — 269,791 269,791 
Deferred acquisition costs5,700,755 793,421 — 6,494,176 
Goodwill309,609 180,837 — 490,446 
Total segment assets
$6,010,364 $974,258 $20,006,679 26,991,301 
Annuity and other corporate
2,084,880 
Total assets
$29,076,181 

 At December 31, 2023
 LifeHealthInvestmentConsolidated
Cash and invested assets$— $— $19,827,199 $19,827,199 
Accrued investment income— — 270,396 270,396 
Deferred acquisition costs5,271,775 734,735 — 6,006,510 
Goodwill309,609 172,182 — 481,791 
Total segment assets
$5,581,384 $906,917 $20,097,595 26,585,896 
Annuity and other corporate
1,465,603 
Total assets
$28,051,499 
Liabilities for each segment are reported also on a specific identification basis similar to the assets. The insurance segments' liabilities contain future policy benefits, unearned and advance premiums, and policy claims and other benefits payable. Other policyholders' funds and annuities are included in annuity and other corporate as well as current and deferred income taxes payable. Debt represents both short and long-term. The tables below reconcile segment liabilities to total liabilities as reported on the Consolidated Balance Sheets.

Liabilities by Segment
 At December 31, 2024
 LifeHealthInvestmentConsolidated
Future policy benefits$15,484,596 $2,316,094 $— $17,800,690 
Unearned and advance premiums198,127 59,504 — 257,631 
Policy claims and other benefits payable321,838 210,994 — 532,832 
Debt— — 2,739,652 2,739,652 
Other96,604 — 372,000 468,604 
Total segment liabilities
$16,101,165 $2,586,592 $3,111,652 21,799,409 
Annuity and other corporate
1,971,252 
Total liabilities
$23,770,661 

At December 31, 2023
LifeHealthInvestmentConsolidated
Future policy benefits$16,304,797 $2,382,517 $— $18,687,314 
Unearned and advance premiums196,630 57,937 — 254,567 
Policy claims and other benefits payable320,066 194,809 — 514,875 
Debt— — 2,115,672 2,115,672 
Other98,958 — 138,000 236,958 
Total segment liabilities
$16,920,451 $2,635,263 $2,253,672 21,809,386 
Annuity and other corporate
1,755,310 
Total liabilities
$23,564,696