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Postretirement Benefits (Tables)
9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Pension Assets by Component at Fair Value The following table presents the assets of the Company's Pension Plans at September 30, 2025 and December 31, 2024.
Pension Assets by Component at September 30, 2025

 Fair Value Determined by:  
 
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
Significant
Observable
Inputs (Level 2)
Significant
Unobservable
Inputs (Level 3)
Total
Amount
% of
Total
Exchange traded fund(4)
$54,705 $— $— $54,705 
Equity exchange traded fund(1)
345,494 — — 345,494 51 
U.S. Government and Agency— 185,818 — 185,818 27 
Other bonds— — — 
Guaranteed annuity contract(2)
— 46,245 — 46,245 
Short-term investments3,322 — — 3,322 
Other341 — — 341 — 
$403,862 $232,066 $— 635,928 94 
Other long-term investments(3)
41,869 
Total pension assets
$677,797 100 
(1)A fund including marketable securities that mirror the S&P 500 index.
(2)Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Collective Bargaining Agreement Employees Pension Plan.
(3)Includes non-redeemable investment funds that report the Globe Life Inc. Pension Plan's pro-rata share of the limited partnership's net asset value (NAV) per share, or its equivalent, as a practical expedient for fair value. As of September 30, 2025, the Globe Life Inc. Pension Plan owned less than 1% of two long-term investment funds.
(4)A fund including U.S. dollar-denominated investment-grade securities issued by industrial, utility, and financial companies with maturities greater than 10 years.
Pension Assets by Component at December 31, 2024
 Fair Value Determined by:  

Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
Significant
Observable
Inputs (Level 2)
Significant
Unobservable
Inputs (Level 3)
Total
Amount
% of
Total
Exchange traded fund(4)
$35,483 $— $— $35,483 
Equity exchange traded fund(1)
322,846 — — 322,846 53 
U.S. Government and Agency— 179,418 — 179,418 29 
Other bonds— — — 
Guaranteed annuity contract(2)
— 43,893 — 43,893 
Short-term investments1,235 — — 1,235 — 
Other1,420 — — 1,420 — 
$360,984 $223,315 $— 584,299 95 
Other long-term investments(3)
30,546 
Total pension assets
$614,845 100 
(1)A fund including marketable securities that mirror the S&P 500 index.
(2)Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Collective Bargaining Agreement Employees Pension Plan.
(3)Includes non-redeemable investment funds that report the Globe Life Inc. Pension Plan's pro-rata share of the limited partnership's net asset value (NAV) per share, or its equivalent, as a practical expedient for fair value. As of December 31, 2024, the Globe Life Inc. Pension Plan owned less than 1% of two long-term investment funds.
(4)A fund including U.S. dollar-denominated investment-grade securities issued by industrial, utility, and financial companies with maturities greater than 10 years.
Schedule of Information Regarding the SERP The following tables include premiums paid for COLI at September 30, 2025 and 2024 and investments of the Rabbi Trust at September 30, 2025 and December 31, 2024.
Nine Months Ended
September 30,
20252024
Premiums paid for insurance coverage$— $443 
September 30,
2025
December 31,
2024
Total investments:
COLI
$58,505 $57,210 
Exchange traded funds107,804 98,314 
$166,309 $155,524 
Schedule of Pension Liability The following table presents liabilities for the defined benefit pension plans and SERP at September 30, 2025 and December 31, 2024.
September 30,
2025
December 31,
2024
Pension Plans$609,230 $561,615 
SERP74,167 73,441 
Benefit obligation
$683,397 $635,056 
Schedule of Net Periodic Benefit Cost The following table presents the net periodic benefit costs for the defined benefit pension plans and SERP by expense components for the three and nine month periods ended September 30, 2025 and 2024.
Components of Net Periodic Benefit Cost
Three Months Ended
September 30,
Nine Months Ended
September 30,
 2025202420252024
Service cost—benefits earned during the period$6,245 $6,224 $18,730 $18,673 
Interest cost on projected benefit obligation9,024 8,287 27,073 24,862 
Expected return on assets(11,563)(10,645)(34,689)(31,938)
Amortization:
Prior service cost292 265 876 803 
Actuarial (gain) loss— — 18 
Net periodic benefit cost
$3,998 $4,137 $11,990 $12,418