GLOBE LIFE INC.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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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.
Sep 30, 2025 · Filed Nov 5, 2025
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Condensed Consolidated Statements of Operations
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Life premium | $844,483 | $818,638 | $2,513,890 | $2,438,385 |
| Health premium | 386,524 | 353,955 | 1,134,414 | 1,046,617 |
| Total premium | 1,231,007 | 1,172,593 | 3,648,304 | 3,485,002 |
| Net investment income | 286,013 | 284,964 | 848,796 | 853,178 |
| Realized gains (losses) | (4,987) | (2,192) | (23,476) | (26,580) |
| Other income | 955 | 42 | 1,073 | 192 |
| Total revenue | 1,512,988 | 1,455,407 | 4,474,697 | 4,311,792 |
| Benefits and expenses: | ||||
| Life policyholder benefits(1) | 381,511 | 454,502 | 1,410,622 | 1,493,165 |
| Health policyholder benefits(2) | 227,940 | 221,926 | 691,793 | 629,676 |
| Other policyholder benefits | 7,171 | 11,756 | 20,970 | 32,830 |
| Total policyholder benefits | 616,622 | 688,184 | 2,123,385 | 2,155,671 |
| Amortization of deferred acquisition costs | 114,074 | 104,310 | 330,990 | 305,703 |
| Commissions, premium taxes, and non-deferred acquisition costs | 157,494 | 149,693 | 479,228 | 447,605 |
| Other operating expense | 111,562 | 104,874 | 328,601 | 297,196 |
| Interest expense | 36,134 | 31,388 | 106,011 | 91,413 |
| Total benefits and expenses | 1,035,886 | 1,078,449 | 3,368,215 | 3,297,588 |
| Income before income taxes | 477,102 | 376,958 | 1,106,482 | 1,014,204 |
| Income tax benefit (expense) | (89,259) | (73,964) | (211,327) | (198,638) |
| Net income | $387,843 | $302,994 | $895,155 | $815,566 |
| Basic net income per common share | $4.81 | $3.45 | $10.91 | $8.96 |
| Diluted net income per common share | $4.73 | $3.44 | $10.77 | $8.93 |
(1)Net of a remeasurement, including both the impact of assumption changes and the effect of actual to expected experience adjustments, resulting in a gain of $149.5 million before tax for the three months ended September 30, 2025 and a remeasurement gain of $70.6 million before tax for the same period in 2024. Net of a remeasurement gain of $174.7 million before tax for the nine months ended September 30, 2025 and a remeasurement gain of $87.8 million before tax for the same period in 2024.
(2)Net of a remeasurement, including both the impact of assumption changes and the effect of actual to expected experience adjustments, resulting in a gain of $8.8 million before tax for the three months ended September 30, 2025 and a remeasurement loss of $9.6 million before tax for the same period in 2024. Net of a remeasurement gain of $13.2 million before tax for the nine months ended September 30, 2025 and a remeasurement loss of $3.1 million before tax for the same period in 2024.
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