GLOBE LIFE INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 2,930 | 32.9 |
| Stockholders' equity | 5,975 | 67.1 |
| Total capitalization | 8,905 | 100.0 |
76,849,447 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 5 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 2,625 |
| Long-term debt, noncurrent | 2,321 |
| Short-term borrowings / commercial paper | 305 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 320,000,000 |
| Common shares issued | 92,218,183 |
| Treasury shares | 13,125,082 |
| Par or stated value per share ($) | 1 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 7/31/26 | 76,849,447 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 1.08 | 7.7 |
| 2024 | 0.96 | 8.0 |
| 2023 | 0.90 | 8.9 |
| 2022 | 0.83 | 9.2 |
| 2021 | 0.79 | 7.9 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as TORCHMARK CORP (to 2 August 2019).
BUSINESS: Classified by the SEC under Standard Industrial Classification 6311, Life Insurance. Large accelerated filer. Principal executive office: 7677 Henneman Way, Mckinney, TX 75070. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Premiums earned | 4,890 | 4,666 | 4,456 |
| Net investment income | 1,130 | 1,136 | 1,057 |
| Total revenues | 5,994 | 5,778 | 5,448 |
| Benefits, losses and expenses | 4,558 | 4,451 | 4,253 |
| Income before income taxes | 1,436 | 1,327 | 1,194 |
| Income taxes | 275 | 256 | 224 |
| Net income | 1,161 | 1,071 | 971 |
| Earned per share, diluted ($) | 14.07 | 11.94 | 10.07 |
| Dividends per share ($) | 1.08 | 0.96 | 0.90 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Total investments | 20,470 | 19,572 |
| Total assets | 30,814 | 29,076 |
| Policy liabilities and reserves | 19,170 | 18,457 |
| Debt | 2,327 | 2,324 |
| Total liabilities | 24,839 | 23,771 |
| Stockholders' equity | 5,975 | 5,306 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Total assets | Total liabilities | Total debt | Deposits | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 5,994 | – | 1,161 | 19.4 | 14.07 | 1.08 | 1,396 | 30,814 | 24,839 | 2,930 | – | 5,975 | 19.4 | 0.49 |
| 12/31/24 | 5,778 | – | 1,071 | 18.5 | 11.94 | 0.96 | 1,402 | 29,076 | 23,771 | 3,155 | – | 5,306 | 20.2 | 0.59 |
| 12/31/23 | 5,448 | 1,265 | 971 | 17.8 | 10.07 | 0.90 | 1,482 | 28,051 | 23,565 | 2,116 | – | 4,487 | 21.6 | 0.47 |
| 12/31/22 | 5,227 | 1,186 | 894 | 17.1 | 9.04 | 0.83 | 1,422 | 25,987 | 22,037 | 2,243 | – | 3,950 | 22.6 | 0.57 |
| 12/31/21 | 5,112 | 1,227 | 1,031 | 20.2 | 9.99 | 0.79 | 1,438 | 29,768 | 21,125 | 2,176 | – | 2,004 | 51.5 | 1.09 |
| 12/31/20 | 4,738 | 905 | 732 | 15.4 | 6.82 | 0.75 | 1,476 | 29,047 | 20,276 | 1,923 | – | 8,771 | 8.3 | 0.22 |
| 12/31/19 | 4,528 | 920 | 761 | 16.8 | 6.83 | 0.69 | 1,364 | 25,977 | 18,683 | 1,657 | – | 7,294 | 10.4 | 0.23 |
| 12/31/18 | 4,304 | 871 | 701 | 16.3 | 6.09 | 0.64 | 1,278 | 23,096 | 17,681 | 1,672 | – | 5,415 | 13.0 | 0.31 |
| 12/31/17 | 4,156 | 821 | 1,454 | 35.0 | 12.22 | 0.60 | 1,429 | 23,475 | 17,244 | 1,465 | – | 6,231 | 23.3 | 0.24 |
| 12/31/16 | 3,935 | 787 | 550 | 14.0 | 4.49 | 0.56 | 1,399 | 21,436 | 16,869 | 1,400 | – | 4,567 | 12.0 | 0.31 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; capital expenditure and free cash flow are not shown for banks and insurers, where they are not meaningful; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
GLOBE LIFE INC.
CIK 320335 · EIN 63-0780404
PRINCIPAL OFFICE:
7677 Henneman Way, Mckinney, TX 75070
Tel.: 972-569-4000
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
6311 · Life Insurance
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 25 February 2026
FORMER NAMES:
TORCHMARK CORP
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/25/26) · 10-K FY2024 (filed 2/26/25) · 10-K FY2023 (filed 2/28/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/24/22) · 10-K FY2020 (filed 2/25/21) · 10-K FY2019 (filed 2/27/20) · 10-K FY2018 (filed 3/1/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.