v3.26.1
Business Segments
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Business Segments Note 12—Business Segments
Globe Life is organized into three operating segments: life, health, and investments.

Globe Life's reportable insurance segments are based on the insurance product lines it markets and administers: life insurance and supplemental health insurance. There is also an investment segment that manages the investment portfolio and cash flow for the insurance segments. The Company's chief operating decision makers (the "CODM"), our Co-CEOs, evaluate the overall performance of the operations of the Company in accordance with these segments.

Life insurance products marketed by Globe Life include traditional whole life and term life insurance. Health insurance products are generally guaranteed renewable and include Medicare Supplement, cancer, critical illness, accident, and other limited-benefit supplemental hospital and surgical products.

The following tables present segment premium revenue by each of Globe Life's distribution channels.
Premium Income by Distribution Channel
Three Months Ended March 31, 2026
 LifeHealthTotal
Distribution ChannelAmount% of
Total		Amount% of
Total		Amount% of
Total
American Income$459,200 54 $31,119 7 $490,319 38 
Direct to Consumer244,223 29 20,645 5 264,868 21 
Liberty National99,885 12 47,579 11 147,464 12 
United American1,720 — 194,426 47 196,146 15 
Family Heritage2,043 — 123,139 30 125,182 10 
Other46,134 5 — — 46,134 4 
Total
$853,205 100 $416,908 100 $1,270,113 100 

Premium Income by Distribution Channel
 Three Months Ended March 31, 2025
 LifeHealthTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount
% of
Total
American Income$437,866 53 $30,691 8 $468,557 39 
Direct to Consumer245,600 30 18,976 5 264,576 22 
Liberty National96,182 11 47,922 13 144,104 12 
United American1,592 — 159,848 43 161,440 13 
Family Heritage1,726 — 112,354 31 114,080 10 
Other46,897 6 — — 46,897 4 
Total
$829,863 100 $369,791 100 $1,199,654 100 
Three Months Ended March 31, 2026
LifeHealthInvestmentConsolidated
Revenue:
Premium$853,205 $416,908 $— $1,270,113 
Net investment income— — 289,824 289,824 
Segment revenue853,205 416,908 289,824 1,559,937 
Realized gains (losses)(1,478)
Other income1,160 
Total consolidated revenue
$1,559,619 
Expenses:
Policy obligations(1)
518,850 263,734 5,546 788,130 
Required interest on reserves (216,538)(28,882)247,624 2,204 
Amortization of acquisition costs 102,694 15,588 — 118,282 
Commissions43,547 47,445 — 90,992 
Premium taxes17,773 8,223 — 25,996 
Non-deferred acquisition costs37,821 16,296 — 54,117 
Segment profit or (loss)
$349,058 $94,504 $36,654 480,216 
Insurance administrative expenses:
Salaries35,379 
Other employee costs13,771 
Information technology costs21,872 
Legal costs3,192 
Other administrative costs20,072 
Parent expense3,533 
Stock-based compensation expense13,603 
Interest expense34,000 
Legal proceedings2,222 
Other expenses91 
Annuity(1,969)
 Total expenses1,225,487 
Income before income taxes per Condensed Consolidated Statement of Operations
$334,132 
(1)Policy obligations are based upon policyholder behavior and impacts related to lapses, mortality, and morbidity. For detailed information, including remeasurement gains and losses, see Note 6—Policy Liabilities.
Three Months Ended March 31, 2025
LifeHealthInvestmentConsolidated
Revenue:
Premium$829,863 $369,791 $— $1,199,654 
Net investment income— — 280,614 280,614 
Segment revenue829,863 369,791 280,614 1,480,268 
Realized gains (losses)85 
Other income69 
Total consolidated revenue $1,480,422 
Expenses:
Policy obligations(1)
509,756 233,929 5,394 $749,079 
Required interest on reserves (208,536)(28,286)239,350 2,528 
Amortization of acquisition costs 90,633 14,519 — 105,152 
  Commissions45,567 42,887 — 88,454 
  Premium taxes18,011 7,493 — 25,504 
  Non-deferred acquisition costs37,168 14,528 — 51,696 
Segment profit or (loss)
$337,264 $84,721 $35,870 457,855 
Insurance administrative expenses:
Salaries33,688 
Other employee costs10,301 
Information technology costs20,936 
Legal costs6,249 
Other administrative costs16,375 
Parent expense3,050 
Stock-based compensation expense12,019 
Interest expense34,992 
Legal proceedings6,128 
Other expenses
— 
Annuity
(1,810)
 Total expenses1,164,341 
Income before income taxes per Condensed Consolidated Statement of Operations
$316,081 
(1)Policy obligations are based upon policyholder behavior and impacts related to lapses, mortality, and morbidity. For detailed information, including remeasurement gains and losses, see Note 6—Policy Liabilities.
Assets for each segment are reported based on a specific identification basis. The insurance segments’ assets contain DAC. The investment segment includes the investment portfolio, cash, and accrued investment income. Goodwill is assigned to the insurance segments at the time of purchase. All other assets are included in the annuity and other corporate category. The tables below reconcile segment assets to total assets as reported on the Condensed Consolidated Balance Sheets.
 
Assets by Segment

 March 31, 2026
 LifeHealthInvestmentConsolidated
Cash and invested assets$— $— $20,663,607 $20,663,607 
Accrued investment income— — 289,633 289,633 
Deferred acquisition costs6,253,845 865,275 — 7,119,120 
Goodwill309,609 180,837 — 490,446 
Total segment assets
$6,563,454 $1,046,112 $20,953,240 28,562,806 
Annuity and other corporate
2,403,045 
Total assets
$30,965,851 

 December 31, 2025
 LifeHealthInvestmentConsolidated
Cash and invested assets$— $— $20,614,713 $20,614,713 
Accrued investment income— — 272,818 272,818 
Deferred acquisition costs6,147,750 851,386 — 6,999,136 
Goodwill309,609 180,837 — 490,446 
Total segment assets
$6,457,359 $1,032,223 $20,887,531 28,377,113 
Annuity and other corporate
2,436,579 
Total assets
$30,813,692