GLOBE LIFE INC.

GL 10-K · Q4 2025

GL Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Premiums Earned Net 1,241,916 1,181,270 +5.1%
Show Product Lines breakouts
American Income 487,906 463,420 +5.3%
American Income · Health 31,141 30,628 +1.7%
American Income · Life 456,765 432,792 +5.5%
Direct to Consumer 263,495 263,141 +0.1%
Direct to Consumer · Health 19,140 17,923 +6.8%
Direct to Consumer · Life 244,355 245,218 -0.4%
Family Heritage 123,199 112,305 +9.7%
Family Heritage · Health 121,213 110,589 +9.6%
Family Heritage · Life 1,986 1,716 +15.7%
Health Insurance Product Line 392,336 358,308 +9.5%
Liberty National 146,104 142,231 +2.7%
Liberty National · Health 47,645 47,769 -0.3%
Liberty National · Life 98,459 94,462 +4.2%
Life Insurance Segment 849,580 822,962 +3.2%
Other 46,531 47,183 -1.4%
Other · Life 46,531 47,183 -1.4%
United American 174,681 152,990 +14.2%
United American · Health 173,197 151,399 +14.4%
United American · Life 1,484 1,591 -6.7%
Show Business Segments breakouts
Health 392,336 358,308 +9.5%
Life 849,580 822,962 +3.2%
Net Investment Income 281,402 282,453 -0.4%
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Investment 281,402 282,453 -0.4%
Show Equity Components breakouts
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 2,074 3,927 -47.2%
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Fair Value Option Other Eligible Items 17.3 18.7 -7.5%
Realized Investment Gains Losses -4,312 2,392 -280.3%
Show Equity Components breakouts
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 407 -5,111 +108.0%
Other Income 615 162 +279.6%
Revenue 1,519,621 1,466,277 +3.6%
Policyholder Benefits And Claims Incurred Net 760,909 738,772 +3.0%
Show Product Lines breakouts
Health Insurance Product Line 239,348 221,901 +7.9%
Life Insurance Segment 514,307 507,812 +1.3%
Other Insurance Product Line 7,254 9,059 -19.9%
Deferred Policy Acquisition Cost Amortization Expense 116,770 104,298 +12.0%
Show Product Lines breakouts
American Income · Health 1,282 1,252 +2.4%
American Income · Life 54,322 48,021 +13.1%
Direct to Consumer · Health 29 38 -23.7%
Direct to Consumer · Life 26,315 25,527 +3.1%
Family Heritage · Health 8,906 4,997 +78.2%
Liberty National · Health 3,897 3,793 +2.7%
Liberty National · Life 16,193 14,791 +9.5%
Other Insurance Product Line · Life 4,203 4,131 +1.7%
United American · Health 1,286 1,370 -6.1%
Show Business Segments breakouts
Health 15,400 11,450 +34.5%
Life 101,033 92,470 +9.3%
Non Deferred Acquisition Costs And Premium Taxes 163,472 153,148 +6.7%
Other Cost And Expense Operating 113,767 121,947 -6.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit · Reclassification Out Of Accumulated Other Comprehensive Income 292 268 +9.0%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -230 -148 -55.4%
Interest Expense 35,210 35,679 -1.3%
Benefits Losses And Expenses 1,190,128 1,153,844 +3.1%
Income Before Taxes 329,493 312,433 +5.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -62 -120 +48.3%
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 2,481 -1,184 +309.5%
Income Tax Expense (Benefit) -63,410 -57,237 -10.8%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 11 26 -57.7%
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -521 248 -310.1%
Net Income 266,083 255,196 +4.3%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -51 -94 +45.7%
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 1,960 -936 +309.4%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income 1,909 -1,030 +285.3%
EPS (Basic) 3.36 3.03 +10.9%
EPS (Diluted) 3.3 3.01 +9.6%
Non-Operating Income (Expense) 1,685 16 +10431.2%
Comprehensive Income 467,530 710,219 -34.2%
Other Comprehensive Income 201,447 455,023 -55.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 8,363 22,568 -62.9%
Accumulated Net Unrealized Investment Gain Loss -68,446 -732,845 +90.7%
Accumulated Translation Adjustment 2,370 -22,795 +110.4%
Aoci Liability For Future Policy Benefit Parent 259,160 1,188,095 -78.2%
Wtd Avg Shares (Basic) -642,184 -1,770,279 +63.7%
Wtd Avg Shares (Diluted) -572,170 -1,661,097 +65.6%
Communications And Information Technology 20,287 21,532 -5.8%
Labor And Related Expense 34,385 33,963 +1.2%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Short-Term Investments 314,711 85,035 +270.1%
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Parent Company 28,006 29,005 -3.4%
Non-Current Assets
Goodwill 490,446 490,446 0.0%
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Health · Operating Segments 180,837 180,837 0.0%
Life · Operating Segments 309,609 309,609 0.0%
Show Consolidation Items breakouts
Operating Segments 490,446 490,446 0.0%
Total Assets 30,813,692 29,076,181 +6.0%
Show Consolidated Entities breakouts
Parent Company 8,949,447 8,362,118 +7.0%
Property, Plant & Equipment 369,533 284,272 +30.0%
Show Property Plant And Equipment By Type breakouts
Data processing equipment 245,357 219,614 +11.7%
Furniture And Fixtures 1,765 1,656 +6.6%
Real Estate 122,411 36,656 +233.9%
Long Term Investments (Q)
Show Consolidated Entities breakouts
Parent Company 32,677 39,404 -17.1%
Other Assets
Other Long Term Investments 1,396,064 1,235,759 +13.0%
Show Financial Instrument breakouts
Company-owned life insurance 243,721 202,734 +20.2%
Investment funds 1,109,719 986,766 +12.5%
Show Investment Type breakouts
Other Investments 42,624 46,259 -7.9%
Investments 20,470,009 19,571,563 +4.6%
Show Consolidated Entities breakouts
Parent Company 60,683 68,409 -11.3%
Cash 144,704 165,325 -12.5%
Show Consolidated Entities breakouts
Parent Company 62,865 66,770 -5.8%
Accrued Investment Income Receivable 272,818 269,791 +1.1%
Show Business Segments breakouts
Investment · Operating Segments 272,818 269,791 +1.1%
Show Consolidation Items breakouts
Operating Segments 272,818 269,791 +1.1%
Other Receivables 768,592 691,907 +11.1%
Show Consolidated Entities breakouts
Parent Company · Related Party 68,127 278,301 -75.5%
Deferred Policy Acquisition Costs 6,999,136 6,495,589 +7.8%
Show Product Lines breakouts
American Income · Health 86,446 76,319 +13.3%
American Income · Life 3,248,907 2,900,229 +12.0%
Direct to Consumer · Health 1,399 1,533 -8.7%
Direct to Consumer · Life 1,818,120 1,781,230 +2.1%
Family Heritage · Health 543,379 496,119 +9.5%
Liberty National · Health 152,210 148,920 +2.2%
Liberty National · Life 790,987 728,790 +8.5%
Other Insurance Product Line · Life 289,736 290,506 -0.3%
United American · Health 67,952 70,530 -3.7%
Show Business Segments breakouts
Health 851,386 793,421 +7.3%
Health · Operating Segments 851,386 793,421 +7.3%
Life 6,147,750 5,700,755 +7.8%
Life · Operating Segments 6,147,750 5,700,755 +7.8%
Show Consolidation Items breakouts
Operating Segments 6,999,136 6,494,176 +7.8%
Other Assets 1,667,987 1,391,560 +19.9%
Show Consolidated Entities breakouts
Parent Company · Nonrelated Party 212,355 193,363 +9.8%
Non-Current Liabilities
Long-Term Debt 2,320,793 2,324,251 -0.1%
Show Consolidated Entities breakouts
Parent Company 2,470,459 2,473,874 -0.1%
Total Liabilities 24,839,113 23,770,661 +4.5%
Show Consolidated Entities breakouts
Parent Company 2,974,868 3,056,598 -2.7%
Long-Term Debt (Q)
Show Consolidated Entities breakouts
Subsidiaries · Consolidation Eliminations 150
Other Liabilities
Available For Sale Securities Debt Securities 17,589,342 17,155,012 +2.5%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 17,194,117 16,680,898 +3.1%
Fair Value Inputs Level2 · Corporate Debt Securities 4,661,175 4,551,737 +2.4%
Fair Value Inputs Level2 · Corporate Debt Securities 7,232,179 6,998,900 +3.3%
Fair Value Inputs Level2 · Corporate Debt Securities 1,968,840 1,890,559 +4.1%
Fair Value Inputs Level2 · Corporate Debt Securities 13,862,194 13,441,196 +3.1%
Fair Value Inputs Level2 · Foreign Government Debt Securities 39,546 28,031 +41.1%
Fair Value Inputs Level2 · Other asset-backed securities 27,898 65,907 -57.7%
Fair Value Inputs Level2 · U.S. Government direct, guaranteed, and government-sponsored enterprises 383,853 358,960 +6.9%
Fair Value Inputs Level2 · US States And Political Subdivisions 2,880,626 2,786,804 +3.4%
Fair Value Inputs Level3 395,225 474,114 -16.6%
Fair Value Inputs Level3 · Asset Backed Securities 85,901
Fair Value Inputs Level3 · Corporate Debt Securities 121,151 124,193 -2.4%
Fair Value Inputs Level3 · Corporate Debt Securities 85,507 183,356 -53.4%
Fair Value Inputs Level3 · Corporate Debt Securities 102,666 112,516 -8.8%
Fair Value Inputs Level3 · Corporate Debt Securities 309,324 420,065 -26.4%
Fair Value Inputs Level3 · Other asset-backed securities 85,901 11,183 +668.1%
Fair Value Inputs Level3 · Private placement fixed maturities 309,324
Show Financial Instrument breakouts
Corporate Debt Securities 14,171,518 13,861,261 +2.2%
Corporate Debt Securities · Financial 4,782,326 4,675,930 +2.3%
Corporate Debt Securities · Industrials 7,317,686 7,182,256 +1.9%
Corporate Debt Securities · Utilities 2,071,506 2,003,075 +3.4%
Foreign Government Debt Securities 39,546 28,031 +41.1%
Other asset-backed securities 113,799 77,090 +47.6%
U.S. Government direct, guaranteed, and government-sponsored enterprises 383,853 358,960 +6.9%
US States And Political Subdivisions 2,880,626 2,786,804 +3.4%
Liability For Future Policy Benefits 19,169,687 18,457,263 +3.9%
Show Product Lines breakouts
American Income · Health 145,965 132,870 +9.9%
American Income · Life 5,566,061 5,224,897 +6.5%
Direct to Consumer · Health 625 765 -18.3%
Direct to Consumer · Life 3,663,000 3,502,224 +4.6%
Family Heritage · Health 1,765,018 1,601,693 +10.2%
Liberty National · Health 471,286 477,886 -1.4%
Liberty National · Life 2,362,637 2,329,070 +1.4%
Other Insurance Product Line · Life 3,628,688 3,520,949 +3.1%
United American · Health 79,178 99,822 -20.7%
Show Business Segments breakouts
Health 2,462,072 2,313,036 +6.4%
Health · Operating Segments 2,465,091 2,316,094 +6.4%
Life 15,220,386 14,577,140 +4.4%
Life · Operating Segments 16,123,927 15,484,596 +4.1%
Show Consolidation Items breakouts
Operating Segments 18,589,018 17,800,690 +4.4%
Unearned Premiums 270,663 257,631 +5.1%
Show Business Segments breakouts
Health · Operating Segments 71,652 59,504 +20.4%
Life · Operating Segments 199,011 198,127 +0.4%
Show Consolidation Items breakouts
Operating Segments 270,663 257,631 +5.1%
Liability For Claims And Claims Adjustment Expense 540,832 532,832 +1.5%
Show Product Lines breakouts
Health Insurance Product Line 225,237 210,994 +6.8%
Life Insurance Segment 315,595 321,838 -1.9%
Show Business Segments breakouts
Health · Operating Segments 225,237 210,994 +6.8%
Life · Operating Segments 315,595 321,838 -1.9%
Show Consolidation Items breakouts
Operating Segments 540,832 532,832 +1.5%
Other Policyholder Funds 532,047 468,604 +13.5%
Policyholder Account Balance Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense 20,513,229 19,716,330 +4.0%
Accrued Income Taxes 859,628 731,255 +17.6%
Short Term Borrowings 304,656 415,401 -26.7%
Show Consolidated Entities breakouts
Parent Company 304,656 415,401 -26.7%
Show Short Term Debt Type breakouts
Commercial Paper 304,656 415,401 -26.7%
Other Liabilities 840,807 583,424 +44.1%
Show Consolidated Entities breakouts
Parent Company · Nonrelated Party 163,383 114,755 +42.4%
Parent Company · Related Party 36,370 52,568 -30.8%
Stockholders' Equity
Preferred Stock Value (Q)
Show Consolidated Entities breakouts
Parent Company 351 351 0.0%
Common Stock 92,218 97,218 -5.1%
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Parent Company 92,218 97,218 -5.1%
Additional Paid-In Capital 536,363 527,795 +1.6%
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Parent Company 886,874 878,306 +1.0%
Accumulated Other Comprehensive Income -1,771,444 -2,029,720 +12.7%
Show Consolidated Entities breakouts
Parent Company -1,771,444 -2,029,720 +12.7%
Retained Earnings 8,546,807 8,002,521 +6.8%
Show Consolidated Entities breakouts
Parent Company 8,546,807 8,002,521 +6.8%
Treasury Stock Common Value -1,429,365 -1,292,294 -10.6%
Total Stockholders' Equity 5,974,579 5,305,520 +12.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 29,210 20,697 +41.1%
Accumulated Net Unrealized Investment Gain Loss -969,982 -1,319,618 +26.5%
Accumulated Other Comprehensive Income -1,771,444 -2,029,720 +12.7%
Accumulated Translation Adjustment -9,044 -21,757 +58.4%
Additional Paid In Capital 536,363 527,795 +1.6%
Aoci Liability For Future Policy Benefit Parent -821,628 -709,042 -15.9%
Common Stock 92,218 97,218 -5.1%
Retained Earnings 8,546,807 8,002,521 +6.8%
Treasury Stock Common -1,429,365 -1,292,294 -10.6%
Show Consolidated Entities breakouts
Parent Company 5,974,579 5,305,520 +12.6%
Total Liabilities & Equity 30,813,692 29,076,181 +6.0%
Show Consolidated Entities breakouts
Parent Company 8,949,447 8,362,118 +7.0%
Mortgage Loans On Real Estate Commercial And Consumer Net 428,517 396,088 +8.2%
Loans Insurance Policy 741,375 699,669 +6.0%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Net Cash from Operations 350,601 336,927 +4.1%
Investing Activities
Proceeds From Sale Of Available For Sale Securities Debt 167,225 533,112 -68.6%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 96,249 53,167 +81.0%
Proceeds From Maturities Prepayments And Calls Of Mortgages 45,982 24,724 +86.0%
Proceeds From Sale And Maturity Of Other Investments 45,944 13,367 +243.7%
Proceeds From Sale Maturity And Collections Of Investments 355,400 624,370 -43.1%
Purchases of Investments -145,709 -378,573 +61.5%
Payments To Acquire Mortgages -21,245 -39,998 +46.9%
Payments To Acquire Other Investments -158,756 -13,884 -1043.4%
Payments To Acquire Investments -325,710 -432,455 +24.7%
Payments For Proceeds From Policy Loans -11,834 -8,597 -37.7%
Payments For Proceeds From Short Term Investments -251,887 15,466 -1728.6%
Capital Expenditures -20,505 -14,998 -36.7%
Investment In Low Income Housing Interests -11,308 -2,418 -367.7%
Net Cash from Investing -265,844 181,368 -246.6%
Financing Activities
Proceeds From Issuance Of Common Stock 18,879 16,935 +11.5%
Payments Of Dividends -21,673 -20,193 -7.3%
Debt Issuance Costs 0 -115 +100.0%
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less 100,768 -45,321 +322.3%
Proceeds From Short Term Debt Maturing In More Than Three Months 45,570 97,479 -53.3%
Repayments Of Short Term Debt Maturing In More Than Three Months -171,031 -57,175 -199.1%
Share Repurchases -192,264 -51,661 -272.2%
Net Change Annuities And Investment Certificates 43,743 -10,123 +532.1%
Net Cash from Financing -241,008 -500,953 +51.9%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -1,761 13,434 -113.1%
Net Change in Cash -158,012 30,776 -613.4%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 144,704 165,325 -12.5%
Show Consolidated Entities breakouts
Parent Company 62,865 66,770 -5.8%

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

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