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
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Financial Statements
Condensed Consolidated Balance Sheets
| March 31,2024 | December 31, 2023 | |
|---|---|---|
| Assets: | ||
| Investments: | ||
| Fixed maturities—available for sale, at fair value (amortized cost: 2024—$19,504,784; 2023—$18,924,914, allowance for credit losses: 2024— $7,027; 2023— $7,115) | $18,144,353 | $17,870,206 |
| Mortgage loans | 329,033 | 279,199 |
| Policy loans | 664,641 | 657,020 |
| Other long-term investments (includes: 2024—$844,916; 2023—$795,583 under the fair value option) | 899,085 | 835,878 |
| Short-term investments | 58,413 | 81,740 |
| Total investments | 20,095,525 | 19,724,043 |
| Cash | 83,547 | 103,156 |
| Accrued investment income | 299,398 | 270,396 |
| Other receivables | 645,966 | 630,223 |
| Deferred acquisition costs | 6,131,237 | 6,009,477 |
| Goodwill | 481,791 | 481,791 |
| Other assets | 833,129 | 832,413 |
| Total assets | $28,570,593 | $28,051,499 |
| Liabilities: | ||
| Future policy benefits at current discount rates: (at original rates: 2024—$17,110,880; 2023—$16,984,615) | $18,882,023 | $19,460,353 |
| Unearned and advance premium | 270,105 | 254,567 |
| Policy claims and other benefits payable | 520,094 | 514,875 |
| Other policyholders' funds | 401,269 | 236,958 |
| Total policy liabilities | 20,073,491 | 20,466,753 |
| Current and deferred income taxes | 630,268 | 494,639 |
| Short-term debt | 733,544 | 486,113 |
| Long-term debt (estimated fair value: 2024—$1,510,512; 2023—$1,491,229) | 1,629,978 | 1,629,559 |
| Other liabilities | 464,151 | 487,632 |
| Total liabilities | 23,531,432 | 23,564,696 |
| Commitments and Contingencies (Note 5) | ||
| Shareholders' equity: | ||
| Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2024 and 2023 | — | — |
| Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2024—102,218,183 issued; 2023—102,218,183 issued) | 102,218 | 102,218 |
| Additional paid-in-capital | 526,862 | 532,474 |
| Accumulated other comprehensive income (loss) | (2,467,236) | (2,772,419) |
| Retained earnings | 7,706,655 | 7,478,813 |
| Treasury stock, at cost: (2024—8,141,299 shares; 2023—8,426,854 shares) | (829,338) | (854,283) |
| Total shareholders' equity | 5,039,161 | 4,486,803 |
| Total liabilities and shareholders' equity | $28,570,593 | $28,051,499 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.