GLOBE LIFE INC.
GL · XNYSCIK 320335fmd_1QKH4ZXW41WTSYPS6GATXHTRQ8Finance, Insurance and Real Estate · Life InsuranceTemplate: Insurance
Coverage: Jan 01, 2007 to Sep 30, 2026, 74 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net premiums earned | 3,137 | 3,283 | 3,422 | 3,595 | 3,814 | 4,095 | 4,310 | 4,456 | 4,666 | 4,890 |
| Total revenues | 3,935 | 4,156 | 4,304 | 4,528 | 4,738 | 5,112 | 5,227 | 5,448 | 5,778 | 5,994 |
| Net investment income | 807 | 848 | 883 | 910 | 927 | 957 | 992 | 1,057 | 1,136 | 1,130 |
| Realized investment gains (losses) | (11) | 28 | 9 | 21 | (4) | 59 | (77) | (66) | (24) | (28) |
| Gross profit | 783 | 807 | 865 | 911 | 901 | 1,215 | 1,179 | 1,260 | – | – |
| Provision for credit losses | – | – | – | – | – | – | 1 | 2 | 4 | (1) |
| Losses and loss adjustment expenses | 2,129 | 2,228 | 2,275 | 2,357 | 2,573 | 2,659 | 2,825 | 2,864 | 2,894 | 2,884 |
| Policy acquisition costs | 469 | 490 | 517 | 552 | 576 | 318 | 349 | 380 | 410 | 448 |
| Total benefits, losses and expenses | 3,162 | 3,325 | 3,440 | 3,596 | 3,841 | 3,837 | 4,125 | 4,253 | 4,451 | 4,558 |
| Compensation and benefits | – | – | – | – | – | – | 130 | 120 | 129 | 137 |
| Operating income | 787 | 821 | 871 | 920 | 905 | 1,227 | 1,186 | 1,265 | – | – |
| Interest expense | 83 | 85 | 90 | 84 | 87 | 83 | 90 | 102 | 127 | 141 |
| Other non-operating income (expense) | 4 | 14 | 5 | 9 | 4 | 12 | 5 | (4) | (3) | (2) |
| Income before taxes | 772 | 831 | 864 | 931 | 897 | 1,275 | 1,102 | 1,194 | 1,327 | 1,436 |
| Income tax expense | 233 | (628) | 162 | 170 | 165 | 243 | 208 | 224 | 256 | 275 |
| Net income from continuing operations | 540 | 1,458 | 702 | 761 | 732 | 745 | 894 | 971 | 1,071 | 1,161 |
| Net income | 550 | 1,454 | 701 | 761 | 732 | 1,031 | 894 | 971 | 1,071 | 1,161 |