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.
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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 | 55 |
| Consolidated Balance Sheets at December 31, 2024 and 2023 | 57 |
| Consolidated Statements of Operations for each of the three years in the period ended December 31, 2024 | 58 |
| Consolidated Statements of Comprehensive Income for each of the three years in the period ended December 31, 2024 | 59 |
| Consolidated Statements of Shareholders’ Equity for each of the three years in the period ended December 31, 2024 | 60 |
| Consolidated Statements of Cash Flows for each of the three years in the period ended December 31, 2024 | 61 |
| Notes to Consolidated Financial Statements | 62 |
| Schedules Supporting Financial Statements for each of the three years in the period ended December 31, 2024: | |
| II. Condensed Financial Information of Registrant (Parent Company) | 143 |
| IV. Reinsurance (Consolidated) | 147 |
| 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 |
| 4.8 | Fourth Supplemental Indenture, dated as of August 23, 2024, between Globe Life Inc. and Regions Bank, as Trustee | 8-K | August 26, 2024 |
| 10.1 | Form of Retirement Life Insurance Benefit Agreement ($495,000 face amount limit)* | 10-K | March 22, 2002 |
| 10.2 | Amended and Restated Supplemental Executive Retirement Plan* | 10-K | February 26, 2025 |
| 10.3 | 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 |
| 10.4 | 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 |
| 10.5 | 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 |
| 10.6 | Torchmark Corporation 2011 Incentive Plan* | 8-K | May 4, 2011 |
| 10.7 | First Amendment to Torchmark Corporation 2011 Incentive Plan* | 8-K | April 29, 2014 |
| 10.8 | Torchmark Corporation Amended 2011 Non-Employee Director Compensation Plan, effective January, 2017* | 10-K | February 27, 2017 |
| 10.9 | Form of Restricted Stock Unit Award Notice under Torchmark Corporation 2011 Non-Employee Director Compensation Plan* | 10-K | February 28, 2011 |
| 10.1 | Torchmark Corporation 2018 Incentive Plan* | 8-K | May 2, 2018 |
| 10.11 | First Amendment to Torchmark Corporation 2018 Incentive Plan* | 10-K | February 27, 2020 |
| 10.12 | Second Amendment to Globe Life Inc. 2018 Incentive Plan* | 10-Q | May 9, 2023 |
| Exhibit No. | Description | Form | Filing Date |
| 10.13 | Second Amended and Restated Globe Life Inc. 2018 Non-Employee Director Compensation Plan* | 10-K | February 28, 2024 |
| 10.14 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan* | 10-K | February 27, 2020 |
| 10.15 | 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 |
| 10.16 | 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 |
| 10.17 | Form of Ten Year Stock Option under Torchmark Corporation 2018 Incentive Plan* | 8-K | May 2, 2018 |
| 10.18 | 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 |
| 10.19 | Form of Stock Option under Globe Life Inc. 2018 Non-Employee Director Compensation Plan* | 10-K | February 27, 2020 |
| 10.20 | Form of Restricted Stock Unit Award Notice under Globe Life Inc. 2018 Non-Employee Director Compensation Plan* | 10-K | February 27, 2020 |
| 10.21 | Globe Life Inc. Management Incentive Plan (Effective as of January 1, 2024)* | 8-K | November 9, 2023 |
| 10.22 | 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 |
| 10.23 | 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 |
| 10.24 | Second Amended and Restated Credit Agreement dated as of March 29, 2024 among Bank of America, N.A., the Lenders party thereto, Globe Life Inc. and TMK RE, LTD | 8-K | April 2, 2024 |
| 10.25 | 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 |
| 10.26 | First Amendment to Delayed Draw Term Loan Agreement dated as of August 15, 2024 among Bank of America, N.A., as Administrative Agent, the Lenders party thereto, and Globe Life Inc. | 8-K | August 15, 2024 |
| 10.27 | Form of Performance Share Award Certificate under Globe Life Inc. 2018 Incentive Plan (2023)* | 10-K | February 23, 2023 |
| 10.28 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan (2023)* | 10-K | February 23, 2023 |
| 10.29 | 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 |
| 10.30 | Form of Restricted Stock Unit Award Certificate under Globe Life Inc. 2018 Incentive Plan* | 10-K | February 23, 2023 |
| 10.31 | 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 |
| 10.32 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan (2024)* | 10-K | February 28, 2024 |
| 10.33 | 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 |
| 10.34 | Form of Restricted Stock Unit Award Certificate under Globe Life Inc. 2018 Incentive Plan (2024)* | 10-K | February 28, 2024 |
| Exhibit No. | Description | Form | Filing Date |
| 10.35 | 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 |
| 10.36 | Form of Performance Share Award Certificate under Globe Life Inc. 2018 Incentive Plan (2024)* | 10-K | February 28, 2024 |
| 10.37 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan (November 2024)* | 8-K | November 19, 2024 |
| 10.38 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (November 2024)* | 8-K | November 19, 2024 |
| 10.39 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (Special) (November 2024)* | 8-K | November 19, 2024 |
| 10.40 | Form of Restricted Stock Unit Award Agreement under Globe Life Inc. 2018 Incentive Plan (November 2024)* | 8-K | November 19, 2024 |
| 10.41 | Form of Restricted Stock Unit Award Agreement under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (November 2024)* | 8-K | November 19, 2024 |
| 10.42 | Form of Performance Share Award Certificate under Globe Life Inc. 2018 Incentive Plan (2025)* | 10-K | February 26, 2025 |
| 10.43 | Globe Life Inc. Executive Severance Plan* | 8-K | November 19, 2024 |
| 19 | Globe Life Inc. Insider Trading Policy | 10-K | February 26, 2025 |
| 21 | Subsidiaries of the Registrant | 10-K | February 26, 2025 |
| 23 | Consent of Deloitte & Touche LLP | 10-K | February 26, 2025 |
| 24 | Powers of Attorney | 10-K | February 26, 2025 |
| 31.1 | Rule 13a-14(a)/15d-14(a) Certification by J. Matthew Darden | 10-K | February 26, 2025 |
| 31.2 | Rule 13a-14(a)/15d-14(a) Certification by Frank M. Svoboda | 10-K | February 26, 2025 |
| 31.3 | Rule 13a-14(a)/15d-14(a) Certification by Thomas P. Kalmbach | 10-K | February 26, 2025 |
| 32.1 | Section 1350 Certification by J. Matthew Darden, Frank M. Svoboda, and Thomas P. Kalmbach | 10-K | February 26, 2025 |
| 97 | Globe Life Inc. Clawback Policy | 10-K | February 26, 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 26, 2025 |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document. | 10-K | February 26, 2025 |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document. | 10-K | February 26, 2025 |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document. | 10-K | February 26, 2025 |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document. | 10-K | February 26, 2025 |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document. | 10-K | February 26, 2025 |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101). | 10-K | February 26, 2025 |
*Compensatory plan or arrangement.
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