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Business Segments (Tables)

12 Months Ended

Dec. 31, 2025

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


	For the Year 2025
	Life			Health			Total
Distribution Channel	Amount		% of Total	Amount		% of Total	Amount		% of Total
American Income	$	1,791,356	53	$	124,947	8	$	1,916,303	39
Direct to Consumer	981,006		29	76,514		5	1,057,520		21
Liberty National	390,094		12	190,468		12	580,562		12
United American	6,188		—	666,758		44	672,946		14
Family Heritage	7,404		—	468,063		31	475,467		10
Other	187,422		6	—		—	187,422		4
Total premium	$	3,363,470	100	$	1,526,750	100	$	4,890,220	100


	For the Year 2024
	Life			Health			Total
Distribution Channel	Amount		% of Total	Amount		% of Total	Amount		% of Total
American Income	$	1,698,209	52	$	123,123	9	$	1,821,332	39
Direct to Consumer	988,522		30	71,993		5	1,060,515		23
Liberty National	371,061		12	190,381		14	561,442		12
United American	6,600		—	591,774		42	598,374		13
Family Heritage	6,661		—	427,654		30	434,315		9
Other	190,294		6	—		—	190,294		4
Total premium	$	3,261,347	100	$	1,404,925	100	$	4,666,272	100


	For the Year 2023
	Life			Health			Total
Distribution Channel	Amount		% of Total	Amount		% of Total	Amount		% of Total
American Income	$	1,588,702	51	$	120,332	9	$	1,709,034	38
Direct to Consumer	991,406		32	68,575		5	1,059,981		24
Liberty National	349,736		11	187,934		14	537,670		12
United American	7,311		—	545,723		42	553,034		13
Family Heritage	6,134		—	396,209		30	402,343		9
Other	193,955		6	—		—	193,955		4
Total premium	$	3,137,244	100	$	1,318,773	100	$	4,456,017	100

Schedule of Reconciliation of Segment Operating Information to Consolidated Statement of Operations


	Year Ended December 31, 2025
	Life		Health		Investment		Consolidated
Revenue:
Premium	$	3,363,470	$	1,526,750	$	—	$	4,890,220
Net investment income	—		—		1,130,198		1,130,198
Segment revenue	3,363,470		1,526,750		1,130,198		6,020,418
Realized gains (losses)							(27,788)
Other income							1,688
Total consolidated revenue							$	5,994,318

Expenses:
Policy obligations(1)	1,924,929		931,141		22,415		2,878,485
Required interest on reserves	(845,875)		(113,832)		969,390		9,683
Amortization of acquisition costs	386,450		59,897		—		446,347
Commissions	174,029		173,490		—		347,519
Premium taxes	68,132		29,825		—		97,957
Non-deferred acquisition costs	146,444		56,101		—		202,545

Segment profit or (loss)	$	1,509,361	$	390,128	$	138,393	2,037,882

Insurance administrative expenses:
Salaries							137,015
Other employee costs							41,609
Information technology costs							82,573
Legal costs							22,510
Other administrative costs							71,888
Parent expense							14,182
Stock-based compensation expense							53,355
Interest expense							141,221
Legal proceedings							17,053
Other expenses							2,183
Annuity							(7,782)
Total expenses							4,558,343

Income before income taxes per Consolidated Statement of Operations							$	1,435,975

(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, 2024
	Life		Health		Investment		Consolidated
Revenue:
Premium	$	3,261,347	$	1,404,925	$	—	$	4,666,272
Net investment income	—		—		1,135,631		1,135,631
Segment revenue	3,261,347		1,404,925		1,135,631		5,801,903
Realized gains (losses)							(24,188)
Other income							354
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
Commissions	159,703		158,869		—		318,572
Premium taxes	68,360		28,421		—		96,781
Non-deferred acquisition costs	134,634		51,753		—		186,387

Segment profit or (loss)	$	1,352,597	$	372,423	$	164,404	1,889,424

Insurance administrative expenses:
Salaries							129,369
Other employee costs							36,176
Information technology costs							80,555
Legal costs							30,478
Other administrative costs							65,852
Parent expense							12,400
Stock-based compensation expense							40,118
Interest expense							127,092
Legal proceedings							21,575
Other expenses							2,620
Annuity							(7,282)
Total expenses							4,451,432

Income before income taxes per Consolidated Statement of Operations							$	1,326,637


	Year Ended December 31, 2023
	Life		Health		Investment		Consolidated
Revenue:
Premium	$	3,137,244	$	1,318,773	$	—	$	4,456,017
Net investment income	—		—		1,056,884		1,056,884
Segment revenue	3,137,244		1,318,773		1,056,884		5,512,901

Realized gains (losses)							(65,676)
Other income							308
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
Commissions	145,678		150,192		—		295,870
Premium taxes	64,571		26,440		—		91,011
Non-deferred acquisition costs	128,509		43,760		—		172,269

Segment profit or (loss)	$	1,192,972	$	377,937	$	130,382	1,701,291

Insurance administrative expenses:
Salaries							119,699
Other employee costs							35,905
Information technology costs							64,998
Legal costs							15,335
Other administrative costs							65,224
Parent expense							10,866
Stock-based compensation expense							30,736
Interest expense							102,316
Legal proceedings							900
Other expenses							4,170
Annuity							(8,492)
Total expenses							4,253,267

Income before income taxes per Consolidated Statement of Operations							$	1,194,266

Schedule of Assets by Segment

The tables below reconcile segment assets to total assets as reported on the Consolidated Balance Sheets.

Assets by Segment


	At December 31, 2025
	Life		Health		Investment				Consolidated
Cash and invested assets	$	—	$	—	$	20,614,713			$	20,614,713
Accrued investment income	—		—		272,818				272,818
Deferred acquisition costs	6,147,750		851,386		—				6,999,136
Goodwill	309,609		180,837		—				490,446

Total segment assets	$	6,457,359	$	1,032,223	$	20,887,531			28,377,113

Annuity and other corporate							2,436,579
Total assets							$	30,813,692


	At December 31, 2024
	Life		Health		Investment				Consolidated
Cash and invested assets	$	—	$	—	$	19,736,888			$	19,736,888
Accrued investment income	—		—		269,791				269,791
Deferred acquisition costs	5,700,755		793,421		—				6,494,176
Goodwill	309,609		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

Schedule of Liabilities by Segment

The tables below reconcile segment liabilities to total liabilities as reported on the Consolidated Balance Sheets.

Liabilities by Segment


	At December 31, 2025
	Life		Health		Investment		Consolidated
Future policy benefits	$	16,123,927	$	2,465,091	$	—	$	18,589,018
Unearned and advance premiums	199,011		71,652		—		270,663
Policy claims and other benefits payable	315,595		225,237		—		540,832
Debt	—		—		2,625,449		2,625,449
Other	95,047		—		437,000		532,047
Total segment liabilities	$	16,733,580	$	2,761,980	$	3,062,449	22,558,009

Annuity and other corporate					2,281,104
Total liabilities					$	24,839,113


	At December 31, 2024
	Life		Health		Investment				Consolidated
Future policy benefits	$	15,484,596	$	2,316,094	$	—			$	17,800,690
Unearned and advance premiums	198,127		59,504		—				257,631
Policy claims and other benefits payable	321,838		210,994		—				532,832
Debt	—		—		2,739,652				2,739,652
Other	96,604		—		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