GLOBE LIFE INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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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.
FY2024 · Filed Feb 26, 2025
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
Consolidated Statements of Comprehensive Income
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net income | $1,070,762 | $970,755 | $894,386 |
| Other comprehensive income (loss): | |||
| Investments: | |||
| Unrealized gains (losses) on fixed maturities: | |||
| Unrealized holding gains (losses) arising during period | (630,042) | 671,211 | (5,332,818) |
| Other reclassification adjustments included in net income | 3,764 | 80,238 | 32,377 |
| Foreign exchange adjustment on fixed maturities recorded at fair value | 3,469 | (715) | 1,749 |
| Total unrealized investment gains (losses) | (622,809) | 750,734 | (5,298,692) |
| Less applicable tax (expense) benefit | 130,787 | (157,658) | 1,112,730 |
| Unrealized gains (losses) on investments, net of tax | (492,022) | 593,076 | (4,185,962) |
| Future Policy benefits: | |||
| Change in discount rate on future policy benefits | 1,567,530 | (731,883) | 7,021,147 |
| Less applicable tax (expense) benefit | (329,181) | 153,696 | (1,474,441) |
| Future policy benefit adjustments, net of tax | 1,238,349 | (578,187) | 5,546,706 |
| Foreign exchange translation: | |||
| Foreign exchange translation adjustments, other than securities | (33,516) | 8,102 | (26,494) |
| Less applicable tax (expense) benefit | 7,040 | (1,702) | 5,565 |
| Foreign exchange translation adjustments, other than securities, net of tax | (26,476) | 6,400 | (20,929) |
| Pension: | |||
| Amortization of pension costs | 474 | (390) | 13,754 |
| Plan amendments | (1,212) | — | — |
| Experience gain (loss) | 29,659 | (3,907) | 119,055 |
| Pension adjustments | 28,921 | (4,297) | 132,809 |
| Less applicable tax (expense) benefit | (6,073) | 902 | (27,889) |
| Pension adjustments, net of tax | 22,848 | (3,395) | 104,920 |
| Other comprehensive income (loss) | 742,699 | 17,894 | 1,444,735 |
| Comprehensive income (loss) | $1,813,461 | $988,649 | $2,339,121 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.