| 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 | | | | | | | | June 30,
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 | | | $ | (1,859) | | | $ | 548,141 | | | $ | 548,762 | | | $ | 547,748 | | Senior notes | 08/21/2020 | | 08/15/2030 | | 2.150% | | 400,000 | | | (2,154) | | | 397,846 | | | 360,952 | | | 397,604 | | Senior notes(1) | 05/19/2022 | | 06/15/2032 | | 4.800% | | 400,000 | | | (7,573) | | | 392,427 | | | 394,428 | | | 246,692 | | Senior notes | 08/23/2024 | | 09/15/2034 | | 5.850% | | 450,000 | | | (4,567) | | | 445,433 | | | 464,247 | | | 445,218 | | | | | | | | | | | | | | | | | | | Junior subordinated debentures | 11/17/2017 | | 11/17/2057 | | 5.275% | | 125,000 | | | (1,530) | | | 123,470 | | | 92,299 | | | 123,461 | | | Junior subordinated debentures | 06/14/2021 | | 06/15/2061 | | 4.250% | | 325,000 | | | (7,484) | | | 317,516 | | | 197,600 | | | 317,472 | | Term loan(2) | 05/11/2023 | | 06/26/2029 | | 5.116% | | 450,000 | | | (3,352) | | | 446,648 | | | 446,648 | | | 248,890 | | Subtotal | | 2,700,000 | | | (28,519) | | | 2,671,481 | | | 2,504,936 | | | 2,327,085 | | Unamortized issuance costs(3) | | — | | | (6,185) | | | (6,185) | | | — | | | (6,292) | | | | | | | | | | | | | Total long-term debt | | 2,700,000 | | | (34,704) | | | 2,665,296 | | | 2,504,936 | | | 2,320,793 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial paper | | 279,000 | | | (1,047) | | | 277,953 | | | 277,953 | | | 304,656 | | Total short-term debt | | 279,000 | | | (1,047) | | | 277,953 | | | 277,953 | | | 304,656 | | | | | | | | | | | | | | | | | | Total debt | | $ | 2,979,000 | | | $ | (35,751) | | | $ | 2,943,249 | | | $ | 2,782,889 | | | $ | 2,625,449 | |
(1)The $150 million 4.80% Senior Notes, previously held by two insurance subsidiaries, were sold and issued to a third party at a discount of $4.2 million during the quarter ended June 30, 2026. (2)The term loan was amended and restated on June 26, 2026 extending the maturity date from August 15, 2027 to June 26, 2029 and increasing the principal amount from $250 million to $450 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 | | June 30,
2026 | | December 31, 2025 | | June 30,
2025 | | Balance of commercial paper at end of period (par value) | $ | 279,000 | | | $ | 306,000 | | | $ | 397,000 | | | Annualized interest rate | 4.07 | % | | 4.05 | % | | 4.73 | % | | Letters of credit outstanding | $ | 115,000 | | | $ | 115,000 | | | $ | 115,000 | | | Remaining amount available under credit line | 606,000 | | | 579,000 | | | 488,000 | |
Credit Facility—Commercial Paper Activity | | | | | | | | | | | | | Six Months Ended June 30, | | 2026 | | 2025 | | Average balance of commercial paper outstanding during period (par value) | $ | 395,242 | | | $ | 456,181 | | | Daily-weighted average interest rate (annualized) | 4.02 | % | | 4.99 | % | | Maximum daily amount outstanding during period (par value) | $ | 559,250 | | | $ | 605,500 | | Commercial paper issued during period (par value) | 1,266,250 | | | 1,158,250 | | | Commercial paper matured during period (par value) | (1,293,250) | | | (1,180,250) | | Net commercial paper issued (matured) during period (par value) | (27,000) | | | (22,000) | |
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