| Schedule of Selected Information about Debt Issues |
The following table presents information about the terms and outstanding balances of Globe Life's debt. Selected Information about Debt Issues | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of | | | | | | | | March 31,
2026 | | December 31,
2025 | | Instrument | Issue Date | | Maturity Date | | Coupon Rate | | Par
Value | | Unamortized Discount & Issuance Costs | | Book
Value | | Fair
Value | | Book
Value | Senior notes | 09/27/2018 | | 09/15/2028 | | 4.550% | | $ | 550,000 | | | $ | (2,055) | | | $ | 547,945 | | | $ | 549,104 | | | $ | 547,748 | | Senior notes | 08/21/2020 | | 08/15/2030 | | 2.150% | | 400,000 | | | (2,275) | | | 397,725 | | | 359,252 | | | 397,604 | | Senior notes(1) | 05/19/2022 | | 06/15/2032 | | 4.800% | | 250,000 | | | (3,198) | | | 246,802 | | | 247,225 | | | 246,692 | | Senior notes | 08/23/2024 | | 09/15/2034 | | 5.850% | | 450,000 | | | (4,675) | | | 445,325 | | | 463,991 | | | 445,218 | | | | | | | | | | | | | | | | | | | Junior subordinated debentures | 11/17/2017 | | 11/17/2057 | | 5.275% | | 125,000 | | | (1,534) | | | 123,466 | | | 108,704 | | | 123,461 | | | Junior subordinated debentures | 06/14/2021 | | 06/15/2061 | | 4.250% | | 325,000 | | | (7,506) | | | 317,494 | | | 200,200 | | | 317,472 | | Term loan(2) | 05/11/2023 | | 08/15/2027 | | 5.127% | | 250,000 | | | (982) | | | 249,018 | | | 249,018 | | | 248,890 | | Subtotal | | 2,350,000 | | | (22,225) | | | 2,327,775 | | | 2,177,494 | | | 2,327,085 | | Unamortized issuance costs(3) | | — | | | (6,238) | | | (6,238) | | | — | | | (6,292) | | | | | | | | | | | | | Total long-term debt | | 2,350,000 | | | (28,463) | | | 2,321,537 | | | 2,177,494 | | | 2,320,793 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial paper | | 459,250 | | | (2,203) | | | 457,047 | | | 457,047 | | | 304,656 | | Total short-term debt | | 459,250 | | | (2,203) | | | 457,047 | | | 457,047 | | | 304,656 | | | | | | | | | | | | | | | | | | Total debt | | $ | 2,809,250 | | | $ | (30,666) | | | $ | 2,778,584 | | | $ | 2,634,541 | | | $ | 2,625,449 | |
(1)An additional $150 million par value and book value is held by insurance subsidiaries that eliminates in consolidation. (2)Interest calculated quarterly using Secured Overnight Financing Rate (SOFR) plus 135 basis points. The term loan was amended on August 15, 2024 extending the maturity date from November 11, 2024 to August 15, 2027 and increasing the principal amount from $170 million to $250 million. (3)Unamortized issuance costs for P-CAPS facility agreement. The following tables present selected information concerning our commercial paper borrowings.Credit Facility—Commercial Paper | | | | | | | | | | | | | | | | | | | As of | | March 31,
2026 | | December 31, 2025 | | March 31,
2025 | | Balance of commercial paper at end of period (par value) | $ | 459,250 | | | $ | 306,000 | | | $ | 409,500 | | | Annualized interest rate | 4.02 | % | | 4.05 | % | | 5.13 | % | | Letters of credit outstanding | $ | 115,000 | | | $ | 115,000 | | | $ | 115,000 | | | Remaining amount available under credit line | 425,750 | | | 579,000 | | | 475,500 | |
Credit Facility—Commercial Paper Activity | | | | | | | | | | | | | | Three Months Ended March 31, | | | 2026 | | 2025 | | Average balance of commercial paper outstanding during period (par value) | $ | 373,981 | | | $ | 478,950 | | | Daily-weighted average interest rate (annualized) | 3.98 | % | | 5.08 | % | | Maximum daily amount outstanding during period (par value) | $ | 559,250 | | | $ | 605,500 | | Commercial paper issued during period (par value) | 759,250 | | | 586,000 | | | Commercial paper matured during period (par value) | (606,000) | | | (595,500) | | Net commercial paper issued (matured) during period (par value) | 153,250 | | | (9,500) | |
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