Globe Life Inc. (GL)

NYSE: GL · Life Insurance · Mckinney, TX · filing with the SEC since 1994

Grade6.6

◀ Past 6.9● Present 7.5▶ Future 5.0

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 25, 2026	Feb 26, 2025	Feb 28, 2024	Feb 23, 2023	Feb 24, 2022	Feb 25, 2021	Feb 27, 2020	Mar 1, 2019	Feb 27, 2018	Feb 27, 2017
Revenue	5,994,318	5,778,069	5,447,533	5,226,740^r	5,112,038^r	4,737,921	4,527,532	4,303,751	4,155,573	3,934,629
For lenders
Provision for credit losses	-852	3,972	1,883	962	·	·	·	·	·	·
For insurers
Premiums earned	4,890,220	4,666,272	4,456,017	4,310,242^r	4,094,813^r	3,813,905	3,595,134	3,421,906	3,282,935	3,137,034
Net investment income	1,130,198	1,135,631	1,056,884	991,800^r	956,690^r	927,062	910,459	882,512	847,885	806,903
Benefits, claims and losses	2,884,294	2,894,443	2,864,251	2,825,434^r	2,659,046^r	2,572,884	2,357,349	2,275,242	2,227,875	2,128,748
Total benefits, losses and expenses	4,558,343	4,451,432	4,253,267	4,124,629^r	3,837,427^r	3,841,237	3,596,253	3,440,080	3,324,925	3,162,394
Gross profit	·	·	1,259,942	1,178,659^r	1,215,292^r	901,055	910,658	865,475	807,037	782,918
General and administrative	·	·	302,061	307,516	282,029	254,932	249,079	227,531	210,590	197,151
Operating income	·	·	1,265,012	1,186,466^r	1,227,190^r	905,363	920,059	870,643	821,165	787,266
Interest expense	141,221	127,092	102,316	90,395	83,486	86,704	84,306	90,076	84,532	83,345
Total non-operating income (expense)	-2,183	-2,620^r	-4,170^r	5,311^r	11,898	4,308	9,401	5,168	14,128	4,348
Income before income taxes	1,435,975	1,326,637	1,194,266	1,102,111^r	1,274,611^r	896,684	931,279	863,671	830,648	772,235
Income tax expense	274,737	255,875	223,511	207,725^r	243,497^r	164,911	170,397	162,161	-627,615	232,645
Income from continuing operations	·	·	·	·	744,959	731,773	760,882	701,510	1,458,263	539,590
Income from discontinued operations	·	·	·	·	0	0	-92	-44	-3,769	10,189
Net income	1,161,238	1,070,762	970,755	894,386^r	1,031,114^r	731,773	760,790	701,466	1,454,494	549,779
Earnings per share, basic	14.27	11.99	10.21	9.13^r	10.10^r	6.90	6.97	6.22	12.50	4.58
Earnings per share, diluted	14.07	11.94	10.07	9.04^r	9.99^r	6.82	6.83	6.09	12.22	4.49
Weighted average shares, basic	81,376,845	89,278,574	95,098,474	97,927,770	102,069,781	106,075,267	109,213,524	112,872,581	116,342,529	120,001,191
Weighted average shares, diluted	82,524,992	89,661,422	96,363,841	98,984,644	103,170,132	107,224,594	111,381,250	115,248,953	118,983,494	122,367,785

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 3-for-2 split of Jul 2014.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLossesExpensed

Premiums earned insurance premiums earned in the periodus-gaap:PremiumsEarnedNet

Net investment income what its investments earnedus-gaap:NetInvestmentIncome

Benefits, claims and losses what it paid or set aside for claimsus-gaap:PolicyholderBenefitsAndClaimsIncurredNet

Total benefits, losses and expenses claims and every other cost togetherus-gaap:BenefitsLossesAndExpenses

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton GL · research, not advice