GLOBE LIFE INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
GL$161.83+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets: | ||
| Investments: | ||
| Fixed maturities—available for sale, at fair value (amortized cost: 2023—$18,924,914; 2022—$18,301,692, allowance for credit losses: 2023— $7,115; 2022— $0) | $17,870,206 | $16,503,365 |
| Mortgage loans | 279,199 | 181,305 |
| Policy loans | 657,020 | 614,866 |
| Other long-term investments (includes: 2023—$795,583; 2022—$768,689 under the fair value option) | 835,878 | 794,711 |
| Short-term investments | 81,740 | 114,121 |
| Total investments | 19,724,043 | 18,208,368 |
| Cash | 103,156 | 92,559 |
| Accrued investment income | 270,396 | 259,581 |
| Other receivables | 630,223 | 589,171 |
| Deferred acquisition costs | 6,009,477 | 5,535,697 |
| Goodwill | 481,791 | 481,791 |
| Other assets | 832,413 | 819,630 |
| Total assets | $28,051,499 | $25,986,797 |
| Liabilities: | ||
| Future policy benefits at current discount rates: (at original rates: 2023—$16,984,615; 2022—$16,355,726) | $19,460,353 | $18,097,341 |
| Unearned and advance premium | 254,567 | 253,360 |
| Policy claims and other benefits payable | 514,875 | 509,356 |
| Other policyholders' funds | 236,958 | 123,236 |
| Total policy liabilities | 20,466,753 | 18,983,293 |
| Current and deferred income taxes | 494,639 | 434,649 |
| Short-term debt | 486,113 | 449,103 |
| Long-term debt (estimated fair value: 2023—$1,491,229; 2022—$1,440,277) | 1,629,559 | 1,627,952 |
| Other liabilities | 487,632 | 542,223 |
| Total liabilities | 23,564,696 | 22,037,220 |
| Commitments and Contingencies (Note 5) | ||
| Shareholders' equity: | ||
| Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2023 and 2022 | — | — |
| Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2023—102,218,183 issued; 2022—105,218,183 issued) | 102,218 | 105,218 |
| Additional paid-in-capital | 532,474 | 529,661 |
| Accumulated other comprehensive income (loss) | (2,772,419) | (2,790,313) |
| Retained earnings | 7,478,813 | 6,894,535 |
| Treasury stock, at cost: (2023—8,426,854 shares; 2022—8,478,288 shares) | (854,283) | (789,524) |
| Total shareholders' equity | 4,486,803 | 3,949,577 |
| Total liabilities and shareholders' equity | $28,051,499 | $25,986,797 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.