GLOBE LIFE INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
GL$163.46+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 15. Exhibits and Financial Statement Schedules
Index of documents filed as a part of this report:
| Page of this report | |
|---|---|
| Financial Statements: | |
| Globe Life Inc. and Subsidiaries: | |
| Report of Independent Registered Public Accounting Firm | 54 |
| Consolidated Balance Sheets at December 31, 2023 and 2022 | 57 |
| Consolidated Statements of Operations for each of the three years in the period ended December 31, 2023 | 58 |
| Consolidated Statements of Comprehensive Income for each of the three years in the period ended December 31, 2023 | 59 |
| Consolidated Statements of Shareholders’ Equity for each of the three years in the period ended December 31, 2023 | 60 |
| Consolidated Statements of Cash Flows for each of the three years in the period ended December 31, 2023 | 61 |
| Notes to Consolidated Financial Statements | 62 |
| Schedules Supporting Financial Statements for each of the three years in the period ended December 31, 2023: | |
| II. Condensed Financial Information of Registrant (Parent Company) | 150 |
| IV. Reinsurance (Consolidated) | 154 |
| Schedules not referred to have been omitted as inapplicable or not required by Regulation S-X. | |
EXHIBITS
| Exhibit No. | Description | Form | Filing Date |
| 3.1 | Restated Certificate of Incorporation of Globe Life Inc. | 8-K | August 8, 2019 |
| 3.2 | Certificate of Amendment of Certificate of Incorporation of Globe Life Inc. | 8-K | May 2, 2023 |
| 3.3 | Amended and Restated By-Laws of Globe Life Inc., as amended August 10, 2023 | 8-K | August 15, 2023 |
| 4.1 | Junior Subordinated Indenture, dated November 2, 2001, between Torchmark Corporation and The Bank of New York defining the rights of the 7 3/4% Junior Subordinated Debentures | 8-K | November 2, 2001 |
| 4.2 | Third Supplemental Indenture dated as of November 17, 2017 between Torchmark Corporation and Regions Bank, as Trustee, supplementing the Junior Subordinated Indenture dated as of November 2, 2001 | 8-K | November 17, 2017 |
| 4.3 | Fourth Supplemental Indenture dated as of June 14, 2021 between Globe Life Inc. and Regions Bank, as Trustee, supplementing the Junior Subordinated Indenture dated as of November 2, 2001 | 8-K | June 14, 2021 |
| 4.4 | Senior Indenture, dated as of September 24, 2018, between Torchmark Corporation and Regions Bank, as Trustee | S-3 | September 24, 2018 |
| 4.5 | First Supplemental Indenture, dated as of September 27, 2018, between Torchmark Corporation and Regions Bank, as Trustee | 8-K | September 27, 2018 |
| 4.6 | Second Supplemental Indenture, dated as of August 21, 2020, between Globe Life Inc. and Regions Bank, as Trustee | 8-K | August 21, 2020 |
| 4.7 | Third Supplemental Indenture, dated as of May 19, 2022, between Globe Life Inc. and Regions Bank, as Trustee | 8-K | May 19, 2022 |
| 10.1 | Form of Retirement Life Insurance Benefit Agreement ($1,995,000 face amount limit)* | 10-K | March 22, 2002 |
| 10.2 | Form of Retirement Life Insurance Benefit Agreement ($495,000 face amount limit)* | 10-K | March 22, 2002 |
| 10.3 | Torchmark Corporation Supplemental Executive Retirement Plan* | 8-K | January 25, 2007 |
| 10.4 | Amendment No. 1 to the Torchmark Corporation Supplemental Executive Retirement Plan* | 10-K | February 29, 2008 |
| 10.5 | Amendment No. 2 to the Torchmark Corporation Supplemental Executive Retirement Plan* | 10-K | February 29, 2008 |
| 10.6 | Amendment Three to the Torchmark Corporation Supplemental Executive Retirement Plan* | 10-K | February 27, 2009 |
| 10.7 | Amendment Four to the Torchmark Corporation Supplemental Executive Retirement Plan* | 10-K | February 27, 2020 |
| 10.8 | Amendment Five to the Torchmark Corporation Supplemental Executive Retirement Plan* | 8-K | May 5, 2015 |
| 10.9 | Amendment Six to the Torchmark Corporation Supplemental Executive Retirement Plan* | 10-K | March 1, 2019 |
| 10.10 | Amendment Seven to the Torchmark Corporation Supplemental Executive Retirement Plan* | 10-Q | November 5, 2020 |
| 10.11 | Torchmark Corporation Non-Employee Director Compensation Plan, as amended and restated* | 8-K | April 29, 2008 |
| 10.12 | Form of Restricted Stock Unit Award Notice under Torchmark Corporation Non-Employee Director Compensation Plan* | 10-K | February 29, 2008 |
| Exhibit No. | Description | Form | Filing Date |
| 10.13 | Receivables Purchase Agreement dated as of December 31, 2008 among AILIC Receivables Corporation, American Income Life Insurance Company and TMK Re, Ltd. | 8-K | January 6, 2009 |
| 10.14 | Amendment No.1 to Receivables Purchase Agreement dated as of December 31, 2008 among AILIC Receivables Corporation, American Income Life Insurance Company, and TMK Re, Ltd. | 10-K | February 28, 2014 |
| 10.15 | Amendment No.2 to Receivables Purchase Agreement dated as of December 31, 2008 among AILIC Receivables Corporation, American Income Life Insurance Company, and TMK Re, Ltd. | 10-K | March 1, 2019 |
| 10.16 | Torchmark Corporation 2011 Incentive Plan* | 8-K | May 4, 2011 |
| 10.17 | First Amendment to Torchmark Corporation 2011 Incentive Plan* | 8-K | April 29, 2014 |
| 10.18 | Form of Ten year Stock Option under Torchmark Corporation 2011 Incentive Plan* | 8-K | May 4, 2011 |
| 10.19 | Form of Seven year Stock Option under Torchmark Corporation 2011 Incentive Plan* | 8-K | May 4, 2011 |
| 10.20 | Form of Seven Year Stock Option Grant Agreement under Torchmark Corporation 2011 Incentive Plan, as amended with Non-Compete, Non-Solicit and Confidentiality Provisions* | 10-K | February 27, 2017 |
| 10.21 | Form of Ten Year Stock Option Grant Agreement under Torchmark Corporation 2011 Incentive Plan, as amended with Non-Compete, Non-Solicit and Confidentiality Provisions* | 10-K | February 27, 2017 |
| 10.22 | Form of Seven Year Stock Option Grant Agreement (Special) under Torchmark Corporation 2011 Incentive Plan, as amended with Non-Compete, Non-Solicit and Confidentiality Provisions* | 10-K | February 27, 2017 |
| 10.23 | Torchmark Corporation Amended 2011 Non-Employee Director Compensation Plan, effective January, 2017* | 10-K | February 27, 2017 |
| 10.24 | Form of Restricted Stock Unit Award Notice under Torchmark Corporation 2011 Non-Employee Director Compensation Plan* | 10-K | February 28, 2011 |
| 10.25 | Torchmark Corporation 2018 Incentive Plan* | 8-K | May 2, 2018 |
| 10.26 | First Amendment to Torchmark Corporation 2018 Incentive Plan* | 10-K | February 27, 2020 |
| 10.27 | Second Amendment to Globe Life Inc. 2018 Incentive Plan* | 10-Q | May 9, 2023 |
| 10.28 | Second Amended and Restated Globe Life Inc. 2018 Non-Employee Director Compensation Plan* | 10-K | February 28, 2024 |
| 10.29 | Form of Performance Share Award under Torchmark Corporation 2018 Incentive Plan* | 8-K | May 2, 2018 |
| 10.30 | Form of Performance Share Award under Globe Life Inc. 2018 Incentive Plan* | 10-K | February 27, 2020 |
| 10.31 | Form of Performance Share Award under Globe Life Inc. 2018 Incentive Plan (2021)* | 10-K | February 25, 2021 |
| 10.32 | Form of Performance Share Award under Globe Life Inc. 2018 Incentive Plan (2022)* | 10-K | February 23, 2022 |
| 10.33 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan* | 10-K | February 27, 2020 |
| 10.34 | Form of Seven Year Stock Option under Torchmark Corporation 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions* | 8-K | May 2, 2018 |
| 10.35 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions* | 10-K | February 27, 2020 |
| 10.36 | Form of Ten Year Stock Option under Torchmark Corporation 2018 Incentive Plan* | 8-K | May 2, 2018 |
| Exhibit No. | Description | Form | Filing Date |
| 10.37 | Form of Ten Year Stock Option under Torchmark Corporation 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions* | 8-K | May 2, 2018 |
| 10.38 | Form of Stock Option under Globe Life Inc. 2018 Non-Employee Director Compensation Plan* | 10-K | February 27, 2020 |
| 10.39 | Form of Restricted Stock under Globe Life Inc. 2018 Non-Employee Director Compensation Plan* | 10-K | February 27, 2020 |
| 10.40 | Form of Restricted Stock Unit Award Notice under Globe Life Inc. 2018 Non-Employee Director Compensation Plan* | 10-K | February 27, 2020 |
| 10.41 | Torchmark Corporation 2019 Management Incentive Plan (Effective as of January 1, 2019)* | 8-K | March 4, 2019 |
| 10.42 | Globe Life Inc. Management Incentive Plan (Effective as of January 1, 2024)* | 8-K | November 9, 2023 |
| 10.43 | The Globe Life Inc. Amended and Restated Pension Plan Generally Effective as of January 1, 2020* | 10-Q | November 5, 2020 |
| 10.44 | Globe Life Inc. Savings and Investment Plan* | 10-K | February 27, 2020 |
| 10.45 | Amended and Restated Credit Agreement dated as of September 30, 2021 among Bank of America, N.A., the Lenders party thereto, Globe Life Inc. and TMK RE, LTD. | 8-K | October 1, 2021 |
| 10.46 | First Amendment to Amended and Restated Credit Agreement dated January 10, 2023 among Bank of America, N.A., the Lenders party thereto, Globe Life Inc. and TMK RE, LTD. | 10-K | February 23, 2023 |
| 10.47 | Form of Performance Share Award Certificate under Globe Life Inc. 2018 Incentive Plan (2023)* | 10-K | February 23, 2023 |
| 10.48 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan (2023)* | 10-K | February 23, 2023 |
| 10.49 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (2023)* | 10-K | February 23, 2023 |
| 10.50 | Form of Restricted Stock Unit Award Certificate under Globe Life Inc. 2018 Incentive Plan* | 10-K | February 23, 2023 |
| 10.51 | Form of Restricted Stock Unit Award Certificate under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions* | 10-K | February 23, 2023 |
| 10.52 | Delayed Draw Term Loan Agreement dated as of April 14, 2023 among Bank of America, N.A., as Administrative Agent, the Lenders party thereto, and Globe Life Inc. | 8-K | April 18, 2023 |
| 10.53 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan (2024)* | 10-K | February 28, 2024 |
| 10.54 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (2024)* | 10-K | February 28, 2024 |
| 10.55 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (Special) (2024)* | 10-K | February 28, 2024 |
| 10.56 | Form of Restricted Stock Unit Award Certificate under Globe Life Inc. 2018 Incentive Plan (2024)* | 10-K | February 28, 2024 |
| 10.57 | Form of Restricted Stock Unit Award Certificate under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (2024)* | 10-K | February 28, 2024 |
| 10.58 | Form of Performance Share Award Certificate under Globe Life Inc. 2018 Incentive Plan (2024)* | 10-K | February 28, 2024 |
| Exhibit No. | Description | Form | Filing Date |
| 21 | Subsidiaries of the Registrant | 10-K | February 28, 2024 |
| 23 | Consent of Deloitte & Touche LLP | 10-K | February 28, 2024 |
| 24 | Powers of Attorney | 10-K | February 28, 2024 |
| 31.1 | Rule 13a-14(a)/15d-14(a) Certification by J. Matthew Darden | 10-K | February 28, 2024 |
| 31.2 | Rule 13a-14(a)/15d-14(a) Certification by Frank M. Svoboda | 10-K | February 28, 2024 |
| 31.3 | Rule 13a-14(a)/15d-14(a) Certification by Thomas P. Kalmbach | 10-K | February 28, 2024 |
| 32.1 | Section 1350 Certification by J. Matthew Darden, Frank M. Svoboda, and Thomas P. Kalmbach | 10-K | February 28, 2024 |
| 97 | Globe Life Inc. Clawback Policy | 10-K | February 28, 2024 |
| 101.INS | XBRL Instance Document- the instance document does not appear in the Interactive Data file because the XBRL tags are embedded within the Inline XBRL document. | 10-K | February 28, 2024 |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document. | 10-K | February 28, 2024 |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document. | 10-K | February 28, 2024 |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document. | 10-K | February 28, 2024 |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document. | 10-K | February 28, 2024 |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document. | 10-K | February 28, 2024 |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101). | 10-K | February 28, 2024 |
*Compensatory plan or arrangement.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.