GLOBE LIFE INC.

GL 10-Q · Q3 2025

GL Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Premiums Earned Net 1,231,007 1,172,593 +5.0%
Show Product Lines breakouts
American Income 482,907 459,116 +5.2%
American Income · Health 31,693 31,277 +1.3%
American Income · Life 451,214 427,839 +5.5%
Direct to Consumer 264,014 264,497 -0.2%
Direct to Consumer · Health 19,186 18,072 +6.2%
Direct to Consumer · Life 244,828 246,425 -0.6%
Family Heritage 120,536 109,503 +10.1%
Family Heritage · Health 118,640 107,819 +10.0%
Family Heritage · Life 1,896 1,684 +12.6%
Health Insurance Product Line 386,524 353,955 +9.2%
Liberty National 145,460 140,902 +3.2%
Liberty National · Health 47,270 47,277 -0.0%
Liberty National · Life 98,190 93,625 +4.9%
Life Insurance Segment 844,483 818,638 +3.2%
Other 46,813 47,457 -1.4%
Other · Life 46,813 47,457 -1.4%
United American 171,277 151,118 +13.3%
United American · Health 169,735 149,510 +13.5%
United American · Life 1,542 1,608 -4.1%
Show Business Segments breakouts
Health 386,524 353,955 +9.2%
Life 844,483 818,638 +3.2%
Net Investment Income 286,013 284,964 +0.4%
Show Business Segments breakouts
Investment 286,013 284,964 +0.4%
Show Equity Components breakouts
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 1,813 2,151 -15.7%
Show Investment Type breakouts
Fair Value Option Other Eligible Items 21.6 19.1 +13.1%
Realized Investment Gains Losses -4,987 -2,192 -127.5%
Show Equity Components breakouts
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -11,746 257 -4670.4%
Other Income 955 42 +2173.8%
Revenue 1,512,988 1,455,407 +4.0%
Policyholder Benefits And Claims Incurred Net 616,622 688,184 -10.4%
Show Product Lines breakouts
Health Insurance Product Line 227,940 221,926 +2.7%
Life Insurance Segment 381,511 454,502 -16.1%
Other Insurance Product Line 7,171 11,756 -39.0%
Deferred Policy Acquisition Cost Amortization Expense 114,074 104,310 +9.4%
Show Product Lines breakouts
American Income · Health 1,284 1,189 +8.0%
American Income · Life 52,577 46,033 +14.2%
Direct to Consumer · Health 32 37 -13.5%
Direct to Consumer · Life 26,111 25,478 +2.5%
Family Heritage · Health 8,541 7,517 +13.6%
Liberty National · Health 3,945 3,715 +6.2%
Liberty National · Life 15,719 14,427 +9.0%
Other Insurance Product Line · Life 4,176 4,132 +1.1%
United American · Health 1,335 1,394 -4.2%
Show Business Segments breakouts
Health 15,137 13,852 +9.3%
Life 98,583 90,070 +9.5%
Non Deferred Acquisition Costs And Premium Taxes 157,494 149,693 +5.2%
Other Cost And Expense Operating 111,562 104,874 +6.4%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit · Reclassification Out Of Accumulated Other Comprehensive Income 292 265 +10.2%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -228 -147 -55.1%
Interest Expense 36,134 31,388 +15.1%
Benefits Losses And Expenses 1,035,886 1,078,449 -3.9%
Income Before Taxes 477,102 376,958 +26.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -64 -118 +45.8%
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -9,933 2,408 -512.5%
Income Tax Expense (Benefit) -89,259 -73,964 -20.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 14 25 -44.0%
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 2,086 -505 +513.1%
Net Income 387,843 302,994 +28.0%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -50 -93 +46.2%
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -7,847 1,903 -512.3%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income -7,897 1,810 -536.3%
EPS (Basic) 4.81 3.45 +39.4%
EPS (Diluted) 4.73 3.44 +37.5%
Non-Operating Income (Expense) 498 637 -21.8%
Comprehensive Income 398,820 7,871 +4967.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 10,977 -295,123 +103.7%
Retained Earnings 387,843 302,994 +28.0%
Other Comprehensive Income 10,977 -295,123 +103.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 50 93 -46.2%
Accumulated Net Unrealized Investment Gain Loss 349,891 684,440 -48.9%
Accumulated Translation Adjustment -4,445 5,764 -177.1%
Aoci Liability For Future Policy Benefit Parent -334,519 -985,420 +66.1%
Wtd Avg Shares (Basic) 80,692,558 87,874,488 -8.2%
Wtd Avg Shares (Diluted) 82,015,446 88,087,041 -6.9%
Communications And Information Technology 21,795 20,155 +8.1%
Labor And Related Expense 34,265 33,377 +2.7%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Short-Term Investments 62,824 100,501 -37.5%
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 30,527,616
Other Assets
Other Long Term Investments 1,285,697
Show Financial Instrument breakouts
Company-owned life insurance 205,284
Investment funds 1,037,447
Show Investment Type breakouts
Other Investments 42,966
Investments 20,326,714 20,729,346 -1.9%
Cash 302,716 134,549 +125.0%
Accrued Investment Income Receivable 284,888
Show Business Segments breakouts
Investment · Operating Segments 284,888
Show Consolidation Items breakouts
Operating Segments 284,888
Other Receivables 729,160 651,871 +11.9%
Deferred Policy Acquisition Costs 6,872,342 6,386,682 +7.6%
Show Product Lines breakouts
American Income · Health 83,672 74,399 +12.5%
American Income · Life 3,159,464 2,829,810 +11.6%
Direct to Consumer · Health 1,428 1,571 -9.1%
Direct to Consumer · Life 1,812,034 1,773,417 +2.2%
Family Heritage · Health 530,103 482,860 +9.8%
Liberty National · Health 152,630 146,971 +3.9%
Liberty National · Life 773,243 712,733 +8.5%
Other Insurance Product Line · Life 290,815 291,769 -0.3%
United American · Health 68,616 71,361 -3.8%
Show Business Segments breakouts
Annuity Segment [Member] 337 1,791 -81.2%
Health 836,449 777,162 +7.6%
Health · Operating Segments 836,449
Life 6,035,556 5,607,729 +7.6%
Life · Operating Segments 6,035,556
Show Consolidation Items breakouts
Operating Segments 6,872,005
Other Assets 1,521,350 878,974 +73.1%
Non-Current Liabilities
Long-Term Debt 2,320,013 2,323,676 -0.2%
Total Liabilities 24,838,528 24,918,195 -0.3%
Long-Term Debt (Q)
Show Consolidated Entities breakouts
Subsidiaries · Consolidation Eliminations 150
Other Liabilities
Available For Sale Securities Debt Securities 17,796,754
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 17,416,570
Fair Value Inputs Level2 · Corporate Debt Securities 7,369,953
Fair Value Inputs Level2 · Corporate Debt Securities 4,724,499
Fair Value Inputs Level2 · Corporate Debt Securities 2,004,049
Fair Value Inputs Level2 · Corporate Debt Securities 14,098,501
Fair Value Inputs Level2 · Foreign Government Debt Securities 40,011
Fair Value Inputs Level2 · Other asset-backed securities 25,737
Fair Value Inputs Level2 · U.S. Government direct, guaranteed, and government-sponsored enterprises 379,167
Fair Value Inputs Level2 · US States And Political Subdivisions 2,873,154
Fair Value Inputs Level3 380,184
Fair Value Inputs Level3 · Asset Backed Securities 63,909
Fair Value Inputs Level3 · Corporate Debt Securities 106,142
Fair Value Inputs Level3 · Corporate Debt Securities 122,108
Fair Value Inputs Level3 · Corporate Debt Securities 88,025
Fair Value Inputs Level3 · Corporate Debt Securities 316,275
Fair Value Inputs Level3 · Other asset-backed securities 63,909
Fair Value Inputs Level3 · Private placement fixed maturities 316,275
Show Financial Instrument breakouts
Corporate Debt Securities 14,414,776
Corporate Debt Securities · Financial 4,846,607
Corporate Debt Securities · Industrials 7,476,095
Corporate Debt Securities · Utilities 2,092,074
Foreign Government Debt Securities 40,011
Other asset-backed securities 89,646
U.S. Government direct, guaranteed, and government-sponsored enterprises 379,167
US States And Political Subdivisions 2,873,154
Liability For Future Policy Benefits 19,301,965 19,814,913 -2.6%
Show Product Lines breakouts
American Income · Health 146,377 140,681 +4.0%
American Income · Life 5,592,465 5,667,941 -1.3%
Direct to Consumer · Health 696 911 -23.6%
Direct to Consumer · Life 3,687,291 3,767,409 -2.1%
Family Heritage · Health 1,755,055 1,713,530 +2.4%
Liberty National · Health 477,579 508,632 -6.1%
Liberty National · Life 2,383,656 2,498,275 -4.6%
Other Insurance Product Line · Life 3,671,575 3,810,659 -3.6%
United American · Health 84,322 114,081 -26.1%
Show Business Segments breakouts
Health 2,464,029 2,477,835 -0.6%
Life 15,334,987 15,744,284 -2.6%
Unearned Premiums 272,740 264,644 +3.1%
Liability For Claims And Claims Adjustment Expense 529,911 530,399 -0.1%
Show Product Lines breakouts
Health Insurance Product Line 223,642 205,477 +8.8%
Life Insurance Segment 306,269 324,922 -5.7%
Other Policyholder Funds 522,133 469,288 +11.3%
Policyholder Account Balance Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense 20,626,749 21,079,244 -2.1%
Accrued Income Taxes 787,539 619,970 +27.0%
Short Term Borrowings 394,349 437,418 -9.8%
Show Short Term Debt Type breakouts
Commercial Paper 329,349 420,418 -21.7%
Federal Home Loan Bank Borrowings 65,000 17,000 +282.4%
Other Liabilities 709,878 457,887 +55.0%
Stockholders' Equity
Common Stock 97,218 102,218 -4.9%
Additional Paid-In Capital 552,509 543,255 +1.7%
Accumulated Other Comprehensive Income -1,972,891 -2,484,743 +20.6%
Retained Earnings 8,812,765 8,225,030 +7.1%
Treasury Stock Common Value -1,800,513 -1,747,135 -3.1%
Total Stockholders' Equity 5,689,088 4,638,625 +22.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 20,847 -1,871 +1214.2%
Accumulated Net Unrealized Investment Gain Loss -901,536 -586,773 -53.6%
Accumulated Other Comprehensive Income -1,972,891 -2,484,743 +20.6%
Accumulated Translation Adjustment -11,414 1,038 -1199.6%
Additional Paid In Capital 552,509 543,255 +1.7%
Aoci Liability For Future Policy Benefit Parent -1,080,788 -1,897,137 +43.0%
Common Stock 97,218 102,218 -4.9%
Retained Earnings 8,812,765 8,225,030 +7.1%
Treasury Stock Common -1,800,513 -1,747,135 -3.1%
Total Liabilities & Equity 30,527,616 29,556,820 +3.3%
Mortgage Loans On Real Estate Commercial And Consumer Net 451,898 381,315 +18.5%
Loans Insurance Policy 729,541 691,072 +5.6%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Net Cash from Operations 1,045,790 1,065,513 -1.9%
Investing Activities
Proceeds From Sale Of Available For Sale Securities Debt 456,567 674,125 -32.3%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 217,427 161,275 +34.8%
Proceeds From Maturities Prepayments And Calls Of Mortgages 19,742 29,433 -32.9%
Proceeds From Sale And Maturity Of Other Investments 82,337 29,995 +174.5%
Proceeds From Sale Maturity And Collections Of Investments 776,073 894,828 -13.3%
Purchases of Investments -775,630 -1,000,665 +22.5%
Payments To Acquire Mortgages -118,572 -134,667 +12.0%
Payments To Acquire Other Investments -88,296 -445,776 +80.2%
Payments To Acquire Investments -982,498 -1,581,108 +37.9%
Payments For Proceeds From Policy Loans -29,872 -34,052 +12.3%
Payments For Proceeds From Short Term Investments 22,211 -18,761 +218.4%
Capital Expenditures -121,979 -56,047 -117.6%
Investment In Low Income Housing Interests -41,709 -27,840 -49.8%
Net Cash from Investing -377,774 -822,884 +54.1%
Financing Activities
Proceeds From Issuance Of Common Stock 145,569 34,851 +317.7%
Payments Of Dividends -64,394 -65,292 +1.4%
Debt Issuance Costs -6,399 -7,138 +10.4%
Proceeds From Federal Home Loan Bank Borrowings 65,000 17,000 +282.4%
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less 1,870 31,443 -94.1%
Proceeds From Short Term Debt Maturing In More Than Three Months 442,040 387,247 +14.1%
Repayments Of Short Term Debt Maturing In More Than Three Months -529,962 -314,836 -68.3%
Share Repurchases -688,719 -950,448 +27.5%
Net Change Annuities And Investment Certificates 107,951 122,291 -11.7%
Net Cash from Financing -527,044 -214,882 -145.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -3,581 3,646 -198.2%
Net Change in Cash 137,391 31,393 +337.6%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 302,716 134,549 +125.0%

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

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