GLOBE LIFE INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
GL$163.46+1.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Comprehensive Income (Loss)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net income | $254,217 | $223,610 |
| Other comprehensive income (loss): | ||
| Investments: | ||
| Unrealized gains (losses) on fixed maturities: | ||
| Unrealized holding gains (losses) arising during period | (305,016) | 469,119 |
| Other reclassification adjustments included in net income | (2,412) | 32,590 |
| Foreign exchange adjustment on fixed maturities recorded at fair value | 1,617 | 9,567 |
| Total unrealized investment gains (losses) | (305,811) | 511,276 |
| Less applicable tax (expense) benefit | 64,222 | (107,368) |
| Unrealized gains (losses) on investments, net of tax | (241,589) | 403,908 |
| Future Policy Benefits: | ||
| Change in discount rate on future policy benefits | 704,596 | (720,890) |
| Less applicable tax (expense) benefit | (147,964) | 151,387 |
| Future policy benefit adjustments, net of tax | 556,632 | (569,503) |
| Foreign exchange translation: | ||
| Foreign exchange translation adjustments, other than securities | (12,597) | (6,516) |
| Less applicable tax (expense) benefit | 2,646 | 1,368 |
| Foreign exchange translation adjustments, other than securities, net of tax | (9,951) | (5,148) |
| Pension: | ||
| Pension adjustments | 118 | (48) |
| Less applicable tax (expense) benefit | (27) | 11 |
| Pension adjustments, net of tax | 91 | (37) |
| Other comprehensive income (loss) | 305,183 | (170,780) |
| Comprehensive income (loss) | $559,400 | $52,830 |
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