Debt (Tables)

3 Months Ended

Mar. 31, 2025

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
				March 31, 2025								December 31, 2024
Instrument	Issue Date	Maturity Date	Coupon Rate	Par Value		Unamortized Discount & Issuance Costs		Book Value		Fair Value		Book Value
Senior notes	09/27/2018	09/15/2028	4.550%	$	550,000	$	(2,814)	$	547,186	$	548,751	$	546,999
Senior notes	08/21/2020	08/15/2030	2.150%	400,000		(2,750)		397,250		346,216		397,132
Senior notes	05/19/2022	06/15/2032	4.800%	250,000		(3,623)		246,377		242,348		246,272
Senior notes	08/23/2024	09/15/2034	5.850%	450,000		(5,085)		444,915		459,194		444,814
Junior subordinated debentures	11/17/2017	11/17/2057	5.275%	125,000		(1,552)		123,448		97,340		123,443
Junior subordinated debentures	06/14/2021	06/15/2061	4.250%	325,000		(7,592)		317,408		208,130		317,387
Term loan(2)	05/11/2023	08/15/2027	5.798%	250,000		(1,639)		248,361		248,361		248,204
Total long-term debt				2,350,000		(25,055)		2,324,945		2,150,340		2,324,251
FHLB borrowings				70,000		—		70,000		70,000		—
Commercial paper				409,500		(2,609)		406,891		406,891		415,401
Total short-term debt				479,500		(2,609)		476,891		476,891		415,401
Total debt				$	2,829,500	$	(27,664)	$	2,801,836	$	2,627,231	$	2,739,652

(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.

The following tables present certain information about our commercial paper borrowings.

Credit Facility—Commercial Paper

	As of
	March 31, 2025			December 31, 2024			March 31, 2024
Balance of commercial paper at end of period (par value)	$	409,500		$	419,000		$	324,000
Annualized interest rate	5.13		%	5.22		%	5.63		%
Letters of credit outstanding	$	115,000		$	115,000		$	115,000
Remaining amount available under credit line	475,500			466,000			561,000

Credit Facility—Commercial Paper Activity

	Three Months Ended March 31,
	2025			2024
Average balance of commercial paper outstanding during period (par value)	$	478,950		$	346,088
Daily-weighted average interest rate (annualized)	5.08		%	5.68		%
Maximum daily amount outstanding during period (par value)	$	605,500		$	384,000
Commercial paper issued during period (par value)	586,000			404,000
Commercial paper matured during period (par value)	(595,500)			(399,000)
Net commercial paper issued (matured) during period (par value)	(9,500)			5,000