GLOBE LIFE INC.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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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 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Net income | $1,161,238 | $1,070,762 | $970,755 |
| Adjustments to reconcile net income to cash provided from operations: | |||
| Increase (decrease) in future policy benefits | 582,136 | 731,417 | 834,366 |
| Increase (decrease) in other policy benefits | 21,124 | 19,268 | 5,448 |
| Deferral of policy acquisition costs | (941,922) | (913,544) | (850,169) |
| Amortization of deferred policy acquisition costs | 447,760 | 410,001 | 379,700 |
| Change in current and deferred income taxes | 98,887 | 77,930 | 101,448 |
| Realized (gains) losses | 27,788 | 24,188 | 65,676 |
| Other, net | (620) | (17,582) | (24,799) |
| Cash provided from (used for) operating activities | 1,396,391 | 1,402,440 | 1,482,425 |
| Cash provided from (used for) investing activities: | |||
| Investments sold or matured: | |||
| Fixed maturities available for sale—sold | 623,792 | 1,207,237 | 602,556 |
| Fixed maturities available for sale—matured or other redemptions | 313,676 | 214,442 | 250,652 |
| Mortgage loans | 65,724 | 54,157 | 44,004 |
| Other long-term investments | 128,281 | 43,362 | 151,262 |
| Total investments sold or matured | 1,131,473 | 1,519,198 | 1,048,474 |
| Acquisition of investments: | |||
| Fixed maturities—available for sale | (921,339) | (1,379,238) | (1,536,409) |
| Mortgage loans | (139,817) | (174,665) | (158,823) |
| Other long-term investments | (247,052) | (459,660) | (155,700) |
| Total investments acquired | (1,308,208) | (2,013,563) | (1,850,932) |
| Net (increase) decrease in policy loans | (41,706) | (42,649) | (42,154) |
| Net (increase) decrease in short-term investments | (229,676) | (3,295) | 32,381 |
| Additions to property and equipment | (142,484) | (71,045) | (49,553) |
| Other investing activities | — | 96 | — |
| Investments in low-income housing interests | (53,017) | (30,258) | (64,365) |
| Cash provided from (used for) investing activities | (643,618) | (641,516) | (926,149) |
| Cash provided from (used for) financing activities: | |||
| Issuance of common stock | 164,448 | 51,786 | 114,080 |
| Cash dividends paid to shareholders | (86,067) | (85,485) | (84,116) |
| Repayment of debt | — | — | (165,612) |
| Proceeds from issuance of debt | — | 530,000 | 170,000 |
| Payment for debt issuance costs | (6,399) | (7,253) | (757) |
| Net borrowing (repayment) of commercial paper | 102,638 | (13,878) | 32,961 |
| Proceeds from commercial paper with original maturities greater than 90 days | 487,610 | 484,726 | — |
| Repayment of commercial paper with original maturities greater than 90 days | (700,993) | (372,011) | — |
| Acquisition of treasury stock | (880,983) | (1,002,109) | (511,100) |
| Amounts paid to reinsurer | — | (413,779) | — |
| Net receipts (payments) from deposit-type products | 151,694 | 112,168 | (96,943) |
| Cash provided from (used for) financing activities | (768,052) | (715,835) | (541,487) |
| Effect of foreign exchange rate changes on cash | (5,342) | 17,080 | (4,192) |
| Net increase (decrease) in cash | (20,621) | 62,169 | 10,597 |
| Cash at beginning of year | 165,325 | 103,156 | 92,559 |
| Cash at end of year | $144,704 | $165,325 | $103,156 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.