XML 50 R32.htm IDEA: XBRL DOCUMENT v3.25.3
Business Segments (Tables)
 9 Months Ended
Sep. 30, 2025
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 September 30, 2025
 LifeHealthTotal
Distribution ChannelAmount% of
Total		Amount% of
Total		Amount% of
Total
American Income$451,214 53 $31,693 8 $482,907 39 
Direct to Consumer244,828 29 19,186 5 264,014 21 
Liberty National98,190 12 47,270 12 145,460 12 
United American1,542 — 169,735 44 171,277 14 
Family Heritage1,896 — 118,640 31 120,536 10 
Other46,813 6 — — 46,813 4 
Total
$844,483 100 $386,524 100 $1,231,007 100 
Premium Income by Distribution Channel
 Three Months Ended September 30, 2024
 LifeHealthTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount
% of
Total
American Income$427,839 52 $31,277 9 $459,116 39 
Direct to Consumer246,425 30 18,072 5 264,497 23 
Liberty National93,625 12 47,277 13 140,902 12 
United American1,608 — 149,510 42 151,118 13 
Family Heritage1,684 — 107,819 31 109,503 9 
Other47,457 6 — — 47,457 4 
Total
$818,638 100 $353,955 100 $1,172,593 100 
Nine Months Ended September 30, 2025
 LifeHealthTotal
Distribution ChannelAmount% of
Total		Amount% of
Total		Amount% of
Total
American Income$1,334,591 53 $93,806 8 $1,428,397 39 
Direct to Consumer736,651 29 57,374 5 794,025 22 
Liberty National291,635 12 142,823 13 434,458 12 
United American4,704 — 493,561 43 498,265 14 
Family Heritage5,418 — 346,850 31 352,268 9 
Other140,891 6 — — 140,891 4 
Total
$2,513,890 100 $1,134,414 100 $3,648,304 100 
 Nine Months Ended September 30, 2024
 LifeHealthTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount
% of
Total
American Income$1,265,417 52 $92,495 9 $1,357,912 39 
Direct to Consumer743,304 31 54,070 5 797,374 23 
Liberty National276,599 11 142,612 14 419,211 12 
United American5,009 — 440,375 42 445,384 13 
Family Heritage4,945 — 317,065 30 322,010 9 
Other143,111 6 — — 143,111 4 
Total
$2,438,385 100 $1,046,617 100 $3,485,002 100 
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 September 30, 2025
LifeHealthInvestmentConsolidated
Revenue:
Premium$844,483 $386,524 $— $1,231,007 
Net investment income— — 286,013 286,013 
Segment revenue
844,483 386,524 286,013 1,517,020 
Realized gains (losses)(4,987)
Other income955 
Total consolidated revenue
$1,512,988 
Expenses:
Policy obligations(1)
381,511 227,940 5,787 615,238 
Required interest on reserves (212,454)(28,517)243,343 2,372 
Amortization of acquisition costs 98,583 15,137 — 113,720 
Commissions42,924 42,699 — 85,623 
Premium taxes16,928 7,281 — 24,209 
Non-deferred acquisition costs35,383 13,610 — 48,993 
Segment profit or (loss) $481,608 $108,374 $36,883 626,865 
Insurance administrative expenses:
Salaries34,265 
Other employee costs10,056 
Information technology costs21,795 
Legal costs4,854 
Other administrative costs18,797 
Parent expense4,105 
Stock-based compensation expense14,603 
Interest expense36,134 
Legal proceedings2,589 
Other expenses498 
Annuity(1,965)
 Total expenses1,035,886 
Income before income taxes per Condensed Consolidated Statements of Operations
$477,102 
(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.
Three Months Ended September 30, 2024
LifeHealthInvestmentConsolidated
Revenue:
Premium$818,638 $353,955 $— $1,172,593 
Net investment income— — 284,964 284,964 
Segment revenue818,638 353,955 284,964 1,457,557 
Realized gains (losses)(2,192)
Other income42 
Total consolidated revenue
1,455,407 
Expenses:
Policy obligations(1)
454,502 221,926 6,040 682,468 
Required interest on reserves (203,875)(27,717)239,421 7,829 
Amortization of acquisition costs 90,070 13,852 — 103,922 
Commissions40,092 36,963 — 77,055 
Premium taxes16,968 9,131 — 26,099 
Non-deferred acquisition costs33,698 12,837 — 46,535 
Segment profit or (loss) $387,183 $86,963 $39,503 513,649 
Insurance administrative expenses:
Salaries33,377 
Other employee costs10,455 
Information technology costs20,155 
Legal costs7,609 
Other administrative costs16,869 
Parent expense3,210 
Stock-based compensation expense9,233 
Interest expense31,388 
Legal proceedings3,329 
Other expenses637 
Annuity(1,721)
 Total expenses1,078,449 
Income before income taxes per Condensed Consolidated Statements of Operations
$376,958 
(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.
Nine Months Ended September 30, 2025
LifeHealthInvestmentConsolidated
Revenue:
Premium$2,513,890 $1,134,414 $— $3,648,304 
Net investment income— — 848,796 848,796 
Segment revenue2,513,890 1,134,414 848,796 4,497,100 
Realized gains (losses)(23,476)
Other income1,073 
Total consolidated revenue
$4,474,697 
Expenses:
Policy obligations(1)
1,410,622 691,793 16,591 2,119,006 
Required interest on reserves (632,150)(85,194)724,624 7,280 
Amortization of acquisition costs 285,417 44,497 — 329,914 
Commissions130,848 127,551 — 258,399 
Premium taxes51,621 22,423 — 74,044 
Non-deferred acquisition costs108,586 42,192 — 150,778 
Segment profit or (loss)
$1,158,946 $291,152 $107,581 1,557,679 
Insurance administrative expenses:
Salaries102,630 
Other employee costs29,764 
Information technology costs62,286 
Legal costs16,930 
Other administrative costs51,753 
Parent expense10,710 
Stock-based compensation expense40,665 
Interest expense106,011 
Legal proceedings13,365 
Other expenses498 
Annuity(5,818)
 Total expenses3,368,215 
Income before income taxes per Condensed Consolidated Statement of Operations
$1,106,482 
(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.
Nine Months Ended September 30, 2024
LifeHealthInvestmentConsolidated
Revenue:
Premium$2,438,385 $1,046,617 $— $3,485,002 
Net investment income— — 853,178 853,178 
Segment revenue2,438,385 1,046,617 853,178 4,338,180 
Realized gains (losses)(26,580)
Other income192 
Total consolidated revenue $4,311,792 
Expenses:
Policy obligations(1)
1,493,165 629,676 15,044 $2,137,885 
Required interest on reserves (605,397)(82,300)712,055 24,358 
Amortization of acquisition costs 263,753 40,774 — 304,527 
  Commissions118,480 117,773 — 236,253 
  Premium taxes51,254 21,221 — 72,475 
  Non-deferred acquisition costs100,613 38,252 — 138,865 
Segment profit or (loss)
$1,016,517 $281,221 $126,079 1,423,817 
Insurance administrative expenses:
Salaries95,406 
Other employee costs28,531 
Information technology costs59,023 
Legal costs19,771 
Other administrative costs48,341 
Parent expense9,166 
Stock-based compensation expense28,590 
Interest expense91,413 
Legal proceedings5,764 
Other expenses
2,604 
Annuity
(5,384)
 Total expenses3,297,588 
Income before income taxes per Condensed Consolidated Statement of Operations
$1,014,204 
(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.
Schedule of Assets by Segment The tables below reconcile segment assets to total assets as reported on the Condensed Consolidated Balance Sheets.
 
Assets by Segment

 September 30, 2025
 LifeHealthInvestmentConsolidated
Cash and invested assets$— $— $20,629,430 $20,629,430 
Accrued investment income— — 284,888 284,888 
Deferred acquisition costs6,035,556 836,449 — 6,872,005 
Goodwill309,609 180,837 — 490,446 
Total segment assets
$6,345,165 $1,017,286 $20,914,318 28,276,769 
Annuity and other corporate
2,250,847 
Total assets
$30,527,616 

 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