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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Grant Contract Periods and Vesting Periods Options generally vest in accordance with the following schedule:
Shares vested by period
Contract Period6 MonthsYear 1Year 2Year 3Year 4Year 5
Directors
7 years100%—%—%—%—%—%
Employees
7 years—%—%50%50%—%—%
Schedule of Stock Compensation Activity
A summary of stock compensation activity for each of the three years ended December 31, 2024 is presented below:
202420232022
Stock-based compensation expense recognized(1)
$40,118 $30,736 $35,650 
Tax benefit recognized7,085 11,178 12,738 
(1)No stock-based compensation expense was capitalized in any period in accordance with applicable GAAP.
Schedule of Additional Information of Stock-Based Compensation
Additional stock compensation information is as follows at December 31:
20242023
Unrecognized compensation(1)
$46,956 $36,599 
Weighted average period of expected recognition (in years)(1)
0.530.53
(1)Includes stock options, restricted stock units and performance shares
Schedule of Options Outstanding
Options: The following table summarizes information about stock options outstanding at December 31, 2024.
 Options OutstandingOptions Exercisable
Range of
Exercise Prices
Number
Outstanding
Weighted-
Average
Remaining
Contractual
Life (Years)
Weighted-
Average
Exercise
Price
Number
Exercisable
Weighted-
Average
Exercise
Price
$50.64 - $87.60
1,609,506 1.48$81.93 1,609,506 $81.93 
92.40 - 100.74
1,994,603 2.6699.47 1,994,603 99.47 
103.23
1,187,349 4.15103.23 734,148 103.23 
105.56 - 128.40
1,034,499 5.56123.96 38,179 108.55 
$50.64 - $128.40
5,825,957 3.15$99.74 4,376,436 $93.73 
Schedule of Analysis of Option Activity
An analysis of option activity for each of the three years ended December 31, 2024, is as follows:
202420232022
OptionsWeighted-Average
Exercise Price
OptionsWeighted-Average
Exercise Price
OptionsWeighted-Average
Exercise Price
Outstanding—beginning of year
5,940,320 $96.19 6,962,374 $91.73 7,197,662 $85.11 
Granted:
7-year term
520,810 128.32 497,060 120.49 1,300,211 103.20 
Exercised(584,993)88.52 (1,375,313)82.95 (1,519,728)70.14 
Expired and forfeited(50,180)106.62 (143,801)90.92 (15,771)96.54 
Outstanding—end of year
5,825,957 $99.74 5,940,320 $96.19 6,962,374 $91.73 
Exercisable at end of year
4,376,436 $93.73 4,003,028 $91.23 3,666,871 $84.00 
Schedule of Additional Information on Unvested Options
Additional information about Globe Life's stock option activity as of December 31, 2024 and 2023 is as follows:
20242023
Outstanding options:
Weighted-average remaining contractual term (in years)3.153.68
Aggregate intrinsic value$81,703 $151,685 
Exercisable options:
Weighted-average remaining contractual term (in years)2.483.01
Aggregate intrinsic value$77,946 $122,052 

Selected stock option activity for the three years ended December 31, 2024, is presented below:
202420232022
Weighted-average grant-date fair value of options granted
(per share)
$33.80 $32.25 $22.03 
Intrinsic value of options exercised17,127 49,163 58,201 
Cash received from options exercised51,786 114,080 106,592 
Actual tax benefit received2,489 9,379 11,907 

Additional information concerning Globe Life's unvested options is as follows at December 31:
20242023
Number of shares outstanding1,449,521 1,937,292 
Weighted-average exercise price (per share)$117.88 $106.42 
Weighted-average remaining contractual term (in years)5.195.05
Aggregate intrinsic value$3,757 $29,634 
Schedule of Restricted Stock Units Outstanding And Vested
Following are the restricted stock units outstanding for each of the three years ended December 31, 2024:
Year of grantsOutstanding as of year end
202293,381 
2023163,108 
2024219,864 
Schedule of Performance Shares Settled
Below is the final determination of the performance share grants in 2020 to 2022:
Year of grantsFinal settlement of sharesFinal settlement date
202084,298 February 22, 2023
2021143,211 February 28, 2024
2022152,680 February 26, 2025
Schedule of Restricted Stock and Restricted Stock Units Granted
A summary of restricted stock grants for each of the years in the three-year period ended December 31, 2024, is presented in the table below:
202420232022
Directors restricted stock:
Shares7,375 7,110 10,746 
Price per share$122.06 $119.59 $94.94 
Aggregate value$900 $850 $1,020 
Percent vested100 %100 %100 %
Directors restricted stock units (including dividend equivalents):
Shares4,854 9,479 8,956 
Price per share$120.16 $117.73 $95.62 
Aggregate value$583 $1,116 $856 
Percent vested100 %100 %100 %
Employees restricted stock units:
Shares101,011 96,975 — 
Price per share$127.29 $120.18 $— 
Aggregate value$12,858 $11,654 $— 
Percent vested— %— %— %
Performance shares:
Target shares96,800 81,300 146,500 
Target price per share$128.40 $120.49 $103.23 
Aggregate value$12,429 $9,796 $15,123 
Percent vested— %— %— %
Schedule of Analysis of Unvested Restricted Stock
An analysis of nonvested restricted stock is as follows:
Executive
Performance
Shares
Directors
Restricted
Stock
Directors
Restricted
Stock
Units
Employees
Restricted
Stock
Units
Total
2022:
Balance at December 31, 2021342,388 289 289 — 342,966 
Grants146,500 10,746 8,956 — 166,202 
Additional performance shares(1)
(16,102)— — — (16,102)
Restriction lapses(66,751)(11,035)(9,245)— (87,031)
Forfeitures(7,500)— — — (7,500)
Balance at December 31, 2022398,535 — — — 398,535 
2023:
Grants81,300 7,110 9,479 96,975 194,864 
Additional performance shares(1)
(28,857)— — — (28,857)
Restriction lapses(84,298)(7,110)(9,479)— (100,887)
Forfeitures(12,600)— — (4,410)(17,010)
Balance at December 31, 2023354,080 — — 92,565 446,645 
2024:
Grants96,800 7,375 4,854 101,011 210,040 
Additional performance shares(1)
84,712 — — — 84,712 
Restriction lapses(143,211)(7,375)(4,854)(437)(155,877)
Forfeitures(6,000)— — (10,008)(16,008)
Balance at December 31, 2024386,381 — — 183,131 569,512 
(1)Estimated additional (reduced) share grants expected due to achievement of performance criteria.
Schedule of Weighted-Average Grant-Date Fair Values of Unvested Restricted Stock
An analysis of the weighted-average grant-date fair values per share of nonvested restricted stock is as follows for the year 2024:
Executive Performance SharesDirectors Restricted StockDirectors Restricted Stock Units
Employees
Restricted
Stock
Units
Grant-date fair value per share at January 1, 2024
$105.28 $— $— $120.16 
Grants128.40 122.06 122.06 127.29 
Estimated additional performance shares107.56 — — — 
Restriction lapses(98.32)(122.06)(122.06)(94.40)
Forfeitures— — (122.74)
Grant-date fair value per share at December 31, 2024
115.78 — — 124.02