GLOBE LIFE INC.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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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.
FY2025 · Filed Feb 25, 2026
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, 2025 and 2024 | 57 |
| Consolidated Statements of Operations for each of the three years in the period ended December 31, 2025 | 58 |
| Consolidated Statements of Comprehensive Income for each of the three years in the period ended December 31, 2025 | 59 |
| Consolidated Statements of Shareholders’ Equity for each of the three years in the period ended December 31, 2025 | 60 |
| Consolidated Statements of Cash Flows for each of the three years in the period ended December 31, 2025 | 61 |
| Notes to Consolidated Financial Statements | 62 |
| Schedules Supporting Financial Statements for each of the three years in the period ended December 31, 2025: | |
| II. Condensed Financial Information of Registrant (Parent Company) | 149 |
| IV. Reinsurance (Consolidated) | 153 |
| 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 |
| 4.9 | Fifth Supplemental Indenture, dated as of July 1, 2025, between Globe Life Inc. and Regions Bank, as Trustee | 10-Q | August 6, 2025 |
| 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 | Amendment One to the Globe Life Inc. Supplemental Executive Retirement Plan* | 8-K | November 6, 2025 |
| 10.4 | 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 |
| 10.5 | Amendment No.1 to Receivables Purchase Agreement dated as of December 31, 2013 among AILIC Receivables Corporation, American Income Life Insurance Company, and TMK Re, Ltd. | 10-K | February 28, 2014 |
| 10.6 | Amendment No.2 to Receivables Purchase Agreement dated as of December 31, 2018 among AILIC Receivables Corporation, American Income Life Insurance Company, and TMK Re, Ltd. | 10-K | March 1, 2019 |
| 10.7 | Amendment No. 3 to Receivables Purchase Agreement dated as of December 31, 2023 among AILIC Receivables Corporation, American Income Life Insurance Company, and TMK Re, Ltd. | 10-K | February 25, 2026 |
| 10.8 | Torchmark Corporation 2011 Incentive Plan* | 8-K | May 4, 2011 |
| 10.9 | First Amendment to Torchmark Corporation 2011 Incentive Plan* | 8-K | April 29, 2014 |
| 10.10 | Torchmark Corporation Amended 2011 Non-Employee Director Compensation Plan, effective January, 2017* | 10-K | February 27, 2017 |
| 10.11 | Form of Restricted Stock Unit Award Notice under Torchmark Corporation 2011 Non-Employee Director Compensation Plan* | 10-K | February 28, 2011 |
| Exhibit No. | Description | Form | Filing Date |
| 10.12 | Torchmark Corporation 2018 Incentive Plan* | 8-K | May 2, 2018 |
| 10.13 | First Amendment to Torchmark Corporation 2018 Incentive Plan* | 10-K | February 27, 2020 |
| 10.14 | Second Amendment to Globe Life Inc. 2018 Incentive Plan* | 10-Q | May 9, 2023 |
| 10.15 | Second Amended and Restated Globe Life Inc. 2018 Non-Employee Director Compensation Plan* | 10-K | February 28, 2024 |
| 10.16 | Third Amended and Restated Globe Life Inc. 2018 Non-Employee Director Compensation Plan* | 10-K | February 25, 2026 |
| 10.17 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan* | 10-K | February 27, 2020 |
| 10.18 | 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 |
| 10.19 | 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 |
| 10.20 | 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 |
| 10.21 | Form of Stock Option under Globe Life Inc. 2018 Non-Employee Director Compensation Plan* | 10-K | February 27, 2020 |
| 10.22 | Form of Restricted Stock Unit Award Notice under Globe Life Inc. 2018 Non-Employee Director Compensation Plan* | 10-K | February 27, 2020 |
| 10.23 | Globe Life Inc. Management Incentive Plan (Effective as of January 1, 2024)* | 8-K | November 9, 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 | First Amendment to Second Amended and Restated Credit Agreement dated as of June 20, 2025 among Bank of America, N.A., the Lenders party thereto, Globe Life Inc. and TMK RE, LTD. | 10-Q | August 6, 2025 |
| 10.26 | 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 |
| 10.27 | 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 |
| 10.28 | Second Amendment to Delayed Draw Term Loan Agreement dated as of June 20, 2025 among Bank of America, N.A., as Administrative Agent, the Lenders party thereto, and Globe Life Inc. | 10-Q | August 6, 2025 |
| 10.29 | Form of Performance Share Award Certificate under Globe Life Inc. 2018 Incentive Plan (2023)* | 10-K | February 23, 2023 |
| 10.30 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan (2023)* | 10-K | February 23, 2023 |
| 10.31 | 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 |
| 10.32 | 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 |
| 10.33 | Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan (2024)* | 10-K | February 28, 2024 |
| 10.34 | 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 |
| 10.35 | 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 |
| Exhibit No. | Description | Form | Filing Date |
| 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 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 |
| 10.40 | Form of Performance Share Award Certificate under Globe Life Inc. 2018 Incentive Plan (2025)* | 10-K | February 26, 2025 |
| 10.41 | Form of Seven Year Stock Option Grant Agreement under Globe Life Inc. 2018 Incentive Plan (2026)* | 10-K | February 25, 2026 |
| 10.42 | Form of Seven Year Stock Option Grant Agreement under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (2026)* | 10-K | February 25, 2026 |
| 10.43 | Form of Restricted Stock Unit Award Agreement under Globe Life Inc. 2018 Incentive Plan (2026)* | 10-K | February 25, 2026 |
| 10.44 | Form of Restricted Stock Unit Award Agreement under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (2026)* | 10-K | February 25, 2026 |
| 10.45 | Form of Performance Share Award Certificate under Globe Life Inc. 2018 Incentive Plan (2026)* | 10-K | February 25, 2026 |
| 10.46 | Globe Life Inc. Executive Severance Plan* | 8-K | November 19, 2024 |
| 10.47 | Globe Life Inc. Long-Term Disability Benefits Summary* | 10-K | February 25, 2026 |
| 19 | Globe Life Inc. Insider Trading Policy | 10-K | February 26, 2025 |
| 21 | Subsidiaries of the Registrant | 10-K | February 25, 2026 |
| 23 | Consent of Deloitte & Touche LLP | 10-K | February 25, 2026 |
| 24 | Powers of Attorney | 10-K | February 25, 2026 |
| 31.1 | Rule 13a-14(a)/15d-14(a) Certification by J. Matthew Darden | 10-K | February 25, 2026 |
| 31.2 | Rule 13a-14(a)/15d-14(a) Certification by Frank M. Svoboda | 10-K | February 25, 2026 |
| 31.3 | Rule 13a-14(a)/15d-14(a) Certification by Thomas P. Kalmbach | 10-K | February 25, 2026 |
| 32.1 | Section 1350 Certification by J. Matthew Darden, Frank M. Svoboda, and Thomas P. Kalmbach | 10-K | February 25, 2026 |
| 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 25, 2026 |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document. | 10-K | February 25, 2026 |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document. | 10-K | February 25, 2026 |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document. | 10-K | February 25, 2026 |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document. | 10-K | February 25, 2026 |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document. | 10-K | February 25, 2026 |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101). | 10-K | February 25, 2026 |
*Compensatory plan or arrangement.
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