GLOBE LIFE INC.

GL 10-Q · Q2 2025

GL Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Premiums Earned Net 1,217,643 1,167,125 +4.3%
Show Product Lines breakouts
American Income 476,933 454,255 +5.0%
American Income · Health 31,422 30,721 +2.3%
American Income · Life 445,511 423,534 +5.2%
Direct to Consumer 265,435 266,971 -0.6%
Direct to Consumer · Health 19,212 18,132 +6.0%
Direct to Consumer · Life 246,223 248,839 -1.1%
Family Heritage 117,652 107,500 +9.4%
Family Heritage · Health 115,856 105,855 +9.4%
Family Heritage · Life 1,796 1,645 +9.2%
Health Insurance Product Line 378,099 351,643 +7.5%
Liberty National 144,894 139,902 +3.6%
Liberty National · Health 47,631 47,705 -0.2%
Liberty National · Life 97,263 92,197 +5.5%
Life Insurance Segment 839,544 815,482 +3.0%
Other 47,181 47,709 -1.1%
Other · Life 47,181 47,709 -1.1%
United American 165,548 150,788 +9.8%
United American · Health 163,978 149,230 +9.9%
United American · Life 1,570 1,558 +0.8%
Show Business Segments breakouts
Health 378,099 351,643 +7.5%
Life 839,544 815,482 +3.0%
Net Investment Income 282,169 285,636 -1.2%
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Investment 282,169 285,636 -1.2%
Show Equity Components breakouts
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 2,234 2,817 -20.7%
Show Investment Type breakouts
Fair Value Option Other Eligible Items 18 18 0.0%
Realized Investment Gains Losses -18,574 -12,589 -47.5%
Show Equity Components breakouts
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -12,837 -10,217 -25.6%
Other Income 49 74 -33.8%
Revenue 1,481,287 1,440,246 +2.8%
Policyholder Benefits And Claims Incurred Net 755,998 735,694 +2.8%
Show Product Lines breakouts
Health Insurance Product Line 229,924 205,423 +11.9%
Life Insurance Segment 519,355 518,792 +0.1%
Other Insurance Product Line 6,719 11,479 -41.5%
Deferred Policy Acquisition Cost Amortization Expense 111,401 101,915 +9.3%
Show Product Lines breakouts
American Income · Health 1,327 1,138 +16.6%
American Income · Life 50,781 44,401 +14.4%
Direct to Consumer · Health 37 36 +2.8%
Direct to Consumer · Life 25,905 25,362 +2.1%
Family Heritage · Health 8,102 7,334 +10.5%
Liberty National · Health 3,957 3,681 +7.5%
Liberty National · Life 15,359 14,015 +9.6%
Other Insurance Product Line · Life 4,156 4,137 +0.5%
United American · Health 1,418 1,422 -0.3%
Show Business Segments breakouts
Health 14,841 13,611 +9.0%
Life 96,201 87,915 +9.4%
Non Deferred Acquisition Costs And Premium Taxes 157,411 149,802 +5.1%
Other Cost And Expense Operating 108,293 99,108 +9.3%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit · Reclassification Out Of Accumulated Other Comprehensive Income 292 269 +8.6%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -233 -151 -54.3%
Interest Expense 34,885 31,404 +11.1%
Benefits Losses And Expenses 1,167,988 1,117,923 +4.5%
Income Before Taxes 313,299 322,323 -2.8%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -59 -118 +50.0%
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -10,603 -7,400 -43.3%
Income Tax Expense (Benefit) -60,550 -63,968 +5.3%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 12 22 -45.5%
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 2,227 1,554 +43.3%
Net Income 252,749 258,355 -2.2%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -47 -96 +51.0%
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -8,376 -5,846 -43.3%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income -8,423 -5,942 -41.8%
EPS (Basic) 3.09 2.83 +9.2%
EPS (Diluted) 3.05 2.83 +7.8%
Comprehensive Income 239,754 535,971 -55.3%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -12,995 277,616 -104.7%
Retained Earnings 252,749 258,355 -2.2%
Other Comprehensive Income -12,995 277,616 -104.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 47 96 -51.0%
Accumulated Net Unrealized Investment Gain Loss -98,779 -202,028 +51.1%
Accumulated Translation Adjustment 12,875 506 +2444.5%
Future Policy Benefits 72,862 479,042 -84.8%
Wtd Avg Shares (Basic) 81,915,162 91,441,350 -10.4%
Wtd Avg Shares (Diluted) 82,792,661 91,441,350 -9.5%
Communications And Information Technology 19,555 20,561 -4.9%
Labor And Related Expense 34,677 30,855 +12.4%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Short-Term Investments 116,724 100,560 +16.1%
Non-Current Assets
Goodwill 490,446
Show Business Segments breakouts
Health · Operating Segments 180,837
Life · Operating Segments 309,609
Show Consolidation Items breakouts
Operating Segments 490,446
Total Assets 29,809,348
Other Assets
Other Long Term Investments 1,268,624 974,515 +30.2%
Show Financial Instrument breakouts
Company-owned life insurance 202,854
Investment funds 1,022,425 915,665 +11.7%
Show Investment Type breakouts
Other Investments 43,345 58,850 -26.3%
Investments 19,925,090 19,707,652 +1.1%
Cash 239,122 87,914 +172.0%
Accrued Investment Income Receivable 271,670
Show Business Segments breakouts
Investment · Operating Segments 271,670
Show Consolidation Items breakouts
Operating Segments 271,670
Other Receivables 690,705 648,065 +6.6%
Deferred Policy Acquisition Costs 6,754,821 6,260,294 +7.9%
Show Product Lines breakouts
American Income · Health 81,545 71,589 +13.9%
American Income · Life 3,078,370 2,740,138 +12.3%
Direct to Consumer · Health 1,459 1,608 -9.3%
Direct to Consumer · Life 1,803,138 1,765,673 +2.1%
Family Heritage · Health 518,183 472,254 +9.7%
Liberty National · Health 152,822 145,097 +5.3%
Liberty National · Life 757,696 696,905 +8.7%
Other Insurance Product Line · Life 291,844 292,877 -0.4%
United American · Health 69,073 71,975 -4.0%
Show Business Segments breakouts
Annuity Segment [Member] 691 2,178 -68.3%
Health 823,082 762,523 +7.9%
Health · Operating Segments 823,082
Life 5,931,048 5,495,593 +7.9%
Life · Operating Segments 5,931,048
Show Consolidation Items breakouts
Operating Segments 6,754,130
Other Assets 1,437,494 838,416 +71.5%
Non-Current Liabilities
Long-Term Debt 2,325,642 1,630,396 +42.6%
Total Liabilities 24,390,318 23,071,052 +5.7%
Long-Term Debt (Q)
Show Consolidated Entities breakouts
Subsidiaries · Consolidation Eliminations 150
Other Liabilities
Available For Sale Securities Debt Securities 17,365,354
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 16,914,364
Fair Value Inputs Level2 · Corporate Debt Securities 7,222,920
Fair Value Inputs Level2 · Corporate Debt Securities 4,603,643
Fair Value Inputs Level2 · Corporate Debt Securities 1,942,506
Fair Value Inputs Level2 · Corporate Debt Securities 13,769,069
Fair Value Inputs Level2 · Foreign Government Debt Securities 29,606
Fair Value Inputs Level2 · Other asset-backed securities 42,877
Fair Value Inputs Level2 · U.S. Government direct, guaranteed, and government-sponsored enterprises 380,035
Fair Value Inputs Level2 · US States And Political Subdivisions 2,692,777
Fair Value Inputs Level3 450,990
Fair Value Inputs Level3 · Asset Backed Securities 32,593
Fair Value Inputs Level3 · Corporate Debt Securities 178,542
Fair Value Inputs Level3 · Corporate Debt Securities 121,976
Fair Value Inputs Level3 · Corporate Debt Securities 117,879
Fair Value Inputs Level3 · Corporate Debt Securities 418,397
Fair Value Inputs Level3 · Other asset-backed securities 32,593
Fair Value Inputs Level3 · Private placement fixed maturities 418,397
Show Financial Instrument breakouts
Corporate Debt Securities 14,187,466
Corporate Debt Securities · Financial 4,725,619
Corporate Debt Securities · Industrials 7,401,462
Corporate Debt Securities · Utilities 2,060,385
Foreign Government Debt Securities 29,606
Other asset-backed securities 75,470
U.S. Government direct, guaranteed, and government-sponsored enterprises 380,035
US States And Political Subdivisions 2,692,777
Liability For Future Policy Benefits 18,846,755 18,430,672 +2.3%
Show Product Lines breakouts
American Income · Health 138,238 123,480 +12.0%
American Income · Life 5,416,148 5,175,698 +4.6%
Direct to Consumer · Health 723 693 +4.3%
Direct to Consumer · Life 3,595,775 3,479,316 +3.3%
Family Heritage · Health 1,680,211 1,558,721 +7.8%
Liberty National · Health 474,254 487,206 -2.7%
Liberty National · Life 2,358,656 2,339,535 +0.8%
Other Insurance Product Line · Life 3,571,636 3,532,049 +1.1%
United American · Health 87,997 114,028 -22.8%
Show Business Segments breakouts
Health 2,381,423 2,284,128 +4.3%
Life 14,942,215 14,526,598 +2.9%
Unearned Premiums 273,195 270,077 +1.2%
Liability For Claims And Claims Adjustment Expense 532,179 526,126 +1.2%
Show Product Lines breakouts
Health Insurance Product Line 221,427 204,565 +8.2%
Life Insurance Segment 310,752 321,561 -3.4%
Other Policyholder Funds 492,146 400,625 +22.8%
Policyholder Account Balance Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense 20,144,275 19,627,500 +2.6%
Accrued Income Taxes 816,135 684,543 +19.2%
Short Term Borrowings 464,540 654,606 -29.0%
Show Short Term Debt Type breakouts
Commercial Paper 394,540 304,802 +29.4%
Federal Home Loan Bank Borrowings 70,000 180,000 -61.1%
Other Liabilities 639,726 474,007 +35.0%
Stockholders' Equity
Common Stock 97,218 102,218 -4.9%
Additional Paid-In Capital 538,050 534,028 +0.8%
Accumulated Other Comprehensive Income -1,983,868 -2,189,620 +9.4%
Retained Earnings 8,453,893 7,943,415 +6.4%
Treasury Stock Common Value -1,686,263 -1,162,287 -45.1%
Total Stockholders' Equity 5,419,030 5,227,754 +3.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 20,797 -1,964 +1158.9%
Accumulated Net Unrealized Investment Gain Loss -1,251,427 -1,271,213 +1.6%
Accumulated Other Comprehensive Income -1,983,868 -2,189,620 +9.4%
Accumulated Translation Adjustment -6,969 -4,726 -47.5%
Additional Paid In Capital 538,050 534,028 +0.8%
Common Stock 97,218 102,218 -4.9%
Future Policy Benefits -746,269 -911,717 +18.1%
Retained Earnings 8,453,893 7,943,415 +6.4%
Treasury Stock Common -1,686,263 -1,162,287 -45.1%
Total Liabilities & Equity 29,809,348 28,298,806 +5.3%
Mortgage Loans On Real Estate Commercial And Consumer Net 455,767 343,492 +32.7%
Loans Insurance Policy 718,621 676,077 +6.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Net Cash from Operations 739,813 724,923 +2.1%
Investing Activities
Proceeds From Sale Of Available For Sale Securities Debt 272,067 510,904 -46.7%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 132,253 85,385 +54.9%
Proceeds From Maturities Prepayments And Calls Of Mortgages 3,437 26,071 -86.8%
Proceeds From Sale And Maturity Of Other Investments 25,939 14,125 +83.6%
Proceeds From Sale Maturity And Collections Of Investments 433,696 636,485 -31.9%
Purchases of Investments -511,297 -923,096 +44.6%
Payments To Acquire Mortgages -66,686 -92,167 +27.6%
Payments To Acquire Other Investments -53,799 -165,322 +67.5%
Payments To Acquire Investments -631,782 -1,180,585 +46.5%
Payments For Proceeds From Policy Loans -18,952 -19,057 +0.6%
Payments For Proceeds From Short Term Investments -31,689 -18,820 -68.4%
Capital Expenditures -24,687 -26,738 +7.7%
Investment In Low Income Housing Interests -30,569 -17,870 -71.1%
Net Cash from Investing -303,983 -626,585 +51.5%
Financing Activities
Proceeds From Issuance Of Common Stock 93,391 29,763 +213.8%
Payments Of Dividends -42,524 -43,681 +2.6%
Proceeds From Federal Home Loan Bank Borrowings 70,000 180,000 -61.1%
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less 26,983 -114,494 +123.6%
Proceeds From Short Term Debt Maturing In More Than Three Months 361,118 339,518 +6.4%
Repayments Of Short Term Debt Maturing In More Than Three Months -408,962 -236,786 -72.7%
Share Repurchases -514,855 -359,342 -43.3%
Net Change Annuities And Investment Certificates 59,600 85,236 -30.1%
Net Cash from Financing -355,249 -119,786 -196.6%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -6,784 6,206 -209.3%
Net Change in Cash 73,797 -15,242 +584.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 239,122 87,914 +172.0%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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