GLOBE LIFE INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets: | ||
| Investments: | ||
| Fixed maturities—available for sale, at fair value (amortized cost: 2024—$18,835,809; 2023—$18,924,914, allowance for credit losses: 2024— $10,395; 2023— $7,115) | $17,155,012 | $17,870,206 |
| Mortgage loans | 396,088 | 279,199 |
| Policy loans | 699,669 | 657,020 |
| Other long-term investments (includes: 2024—$986,766; 2023—$795,583 under the fair value option) | 1,235,759 | 835,878 |
| Short-term investments | 85,035 | 81,740 |
| Total investments | 19,571,563 | 19,724,043 |
| Cash | 165,325 | 103,156 |
| Accrued investment income | 269,791 | 270,396 |
| Other receivables | 691,907 | 630,223 |
| Deferred acquisition costs | 6,495,589 | 6,009,477 |
| Goodwill | 490,446 | 481,791 |
| Other assets | 1,391,560 | 832,413 |
| Total assets | $29,076,181 | $28,051,499 |
| Liabilities: | ||
| Future policy benefits at current discount rates: (at original discount rates: 2024—$17,552,564; 2023—$16,984,615) | $18,457,263 | $19,460,353 |
| Unearned and advance premium | 257,631 | 254,567 |
| Policy claims and other benefits payable | 532,832 | 514,875 |
| Other policyholders' funds | 468,604 | 236,958 |
| Total policy liabilities | 19,716,330 | 20,466,753 |
| Current and deferred income taxes | 731,255 | 494,639 |
| Short-term debt | 415,401 | 486,113 |
| Long-term debt (estimated fair value: 2024—$2,122,772; 2023—$1,491,229) | 2,324,251 | 1,629,559 |
| Other liabilities | 583,424 | 487,632 |
| Total liabilities | 23,770,661 | 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—97,218,183 issued; 2023—102,218,183 issued) | 97,218 | 102,218 |
| Additional paid-in-capital | 527,795 | 532,474 |
| Accumulated other comprehensive income (loss) | (2,029,720) | (2,772,419) |
| Retained earnings | 8,002,521 | 7,478,813 |
| Treasury stock, at cost: (2024—13,240,616 shares; 2023—8,426,854 shares) | (1,292,294) | (854,283) |
| Total shareholders' equity | 5,305,520 | 4,486,803 |
| Total liabilities and shareholders' equity | $29,076,181 | $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.