0000320335false00003203352024-07-242024-07-240000320335us-gaap:CommonStockMember2024-07-242024-07-240000320335us-gaap:SubordinatedDebtMember2024-07-242024-07-24

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 24, 2024
GLOBE LIFE INC.
(Exact name of registrant as specified in its charter)
Delaware 001-0805263-0780404
(State or other jurisdiction
of incorporation)
 
(Commission
File No.)
(I.R.S. Employer
ID No.)
3700 South Stonebridge Drive, McKinney, Texas 75070
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (972) 569-4000
N/A
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a.-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $1.00 par value per shareGLNew York Stock Exchange
4.250% Junior Subordinated DebenturesGL PRDNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐



Item 2.02    Results of Operations and Financial Condition.
On July 24, 2024, Globe Life Inc. issued a press release announcing its second quarter 2024 financial results. A copy of the press release is incorporated herein by reference and is provided as Exhibit 99.1.
In accordance with General Instruction B.2 of Form 8-K, the information included or incorporated in this report (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be set forth by specific reference in such filing.
Item 9.01    Financial Statement and Exhibits.
(a)Financial Statements of businesses or funds acquired.
Not applicable.
(b)Pro forma financial information.
Not applicable.
(c)Shell company transactions.
Not applicable
(d)Exhibits.
(104) Cover Page Interactive Data File (embedded within the Inline XBRL document)





SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Date: July 24, 2024
 GLOBE LIFE INC.
 /s/ Christopher T. Moore
 Christopher T. Moore

Corporate Senior Vice President,
Associate Counsel and Corporate Secretary



globelifeheader.gif

GLOBE LIFE INC. REPORTS
Second Quarter 2024 Results


McKinney, TX, July 24, 2024—Globe Life Inc. (NYSE: GL) reported today that for the quarter ended June 30, 2024, net income was $2.83 per diluted common share, compared with $2.24 per diluted common share for the year-ago quarter. Net operating income for the quarter was $2.97 per diluted common share, compared with $2.61 per diluted common share for the year-ago quarter.

HIGHLIGHTS:
l
Net income as an ROE was 20.8% for the six months ended June 30, 2024. Net operating income as an ROE excluding accumulated other comprehensive income (AOCI) was 14.5% for the same period.
l
Net income increased 20% and net operating income increased 8% over the year-ago quarter.
l
At the American Income Life Division, life net sales and premiums increased over the year-ago quarter by 16% and 7%, respectively. Additionally, the average producing agent count increased 13% over the year-ago quarter.
l
At the Liberty National Division, the average producing agent count increased 16% over the year-ago quarter and life net sales and premiums increased 11% and 6%, respectively.
l
At the Family Heritage Division, health net sales increased 7% and premiums increased 8% over the year-ago quarter.
l
Total underwriting margin increased 8% over the year-ago quarter.
lNet investment income grew 9% over the year-ago quarter.
l3.8 million shares of Globe Life Inc. common stock were repurchased during the quarter.
















Note: As used in the earnings release, "Globe Life," the "Company," "we," "our," and "us" refer to Globe Life Inc., a Delaware corporation incorporated in 1979, its subsidiaries and affiliates.
1
GL Q2 2024 Earnings Release
GLOBE LIFE INC.
Earnings Release—Q2 2024
(Dollar amounts in thousands, except share and per share data)
(Unaudited)

RESULTS OF OPERATIONS

Net operating income, a non-GAAP(1) financial measure, has been used consistently by Globe Life’s management for many years to evaluate the operating performance of the Company, and is a measure commonly used in the life insurance industry. It differs from net income primarily because it excludes certain non-operating items such as realized investment gains and losses and certain significant and unusual items included in net income. Management believes an analysis of net operating income is important in understanding the profitability and operating trends of the Company’s business. Net income is the most directly comparable GAAP measure.

The following table represents Globe Life's operating summary for the three months ended June 30, 2024 and 2023:
Operating Summary
Per Share
Three Months Ended
June 30,		Three Months Ended
June 30,
20242023%
Chg.		20242023%
Chg.
Insurance underwriting income(2)
$3.72 $3.28 13$340,437 $315,356 8
Excess investment income(2)
0.47 0.33 4242,791 31,385 36
Interest on debt(0.34)(0.27)26(31,404)(25,818)22
Parent company expense
(0.03)(0.03)(3,130)(3,088)
Income tax expense(0.75)(0.63)19(68,857)(60,801)13
Stock compensation benefit (expense), net of tax(0.09)(0.06)(8,620)(5,558)
Net operating income 2.97 2.61 14271,217 251,476 8
Reconciling items, net of tax:
Realized gain (loss)—investments(0.11)(0.38)(9,945)(36,216)
Non-operating expenses(0.01)— (993)— 
Legal proceedings(0.02)— (1,924)— 
Net income(3)
$2.83 $2.24 $258,355 $215,260 
Weighted average diluted shares outstanding 91,441 96,251 
(1)GAAP is defined as accounting principles generally accepted in the United States of America.
(2)Definitions included within this document.
(3)A GAAP-basis condensed consolidated statement of operations is included in the appendix of this report.


Note: Tables in this earnings release may not sum due to rounding.

2
GL Q2 2024 Earnings Release
GLOBE LIFE INC.
Earnings Release—Q2 2024
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
MANAGEMENT VS. GAAP MEASURES

Shareholders' equity, excluding AOCI, and book value per share, excluding AOCI, are non-GAAP measures that are utilized by management to view the business without the effect of changes in AOCI, which are primarily attributable to fluctuation in interest rates. Management views the business in this manner because it creates more meaningful and easily identifiable trends, as we exclude fluctuations resulting from changes in interest rates. Shareholders' equity and book value per share are the most directly comparable GAAP measures.
Six Months Ended
June 30,
20242023
Net income
$512,572 $438,870 
Net operating income
535,316 499,518 
Net income as an ROE(1)
20.8 %22.4 %
Net operating income as an ROE (excluding AOCI)(1)
14.5 %14.6 %
June 30,
20242023
Shareholders' equity$5,227,754 $3,980,306 
Impact of adjustment to exclude AOCI2,189,620 2,943,897 
Shareholders' equity, excluding AOCI$7,417,374 $6,924,203 
Book value per share$58.06 $41.44 
Impact of adjustment to exclude AOCI24.32 30.65 
Book value per share, excluding AOCI$82.38 $72.09 
(1) Calculated using average shareholders' equity for the measurement period.

INSURANCE OPERATIONS:

Life insurance accounted for 76% of the Company’s insurance underwriting margin for the quarter and 70% of total premium revenue.

Health insurance accounted for 24% of the Company's insurance underwriting margin for the quarter and 30% of total premium revenue.

Net sales of life insurance increased 10% for the quarter, and net health sales increased 17%.

The following table summarizes Globe Life's premium revenue by product type for the three months ended June 30, 2024 and 2023:
Insurance Premium Revenue
Quarter Ended
June 30, 2024June 30, 2023%
Chg.
Life insurance$815,482 $781,733 4
Health insurance351,643 329,187 7
Annuity— — 
Total$1,167,125 $1,110,920 5

3
GL Q2 2024 Earnings Release
GLOBE LIFE INC.
Earnings Release—Q2 2024
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
INSURANCE UNDERWRITING INCOME

Insurance underwriting margin is management’s measure of profitability of the Company's life, health, and annuity segments’ underwriting performance, and consists of premiums less policy obligations (excluding interest on policy liabilities), commissions and other acquisition expenses. Insurance underwriting income is the sum of the insurance underwriting margins of the life, health, and annuity segments, plus other income, less administrative expenses. It excludes the investment segment, interest on debt, Parent Company expense, stock compensation expense and income taxes. Management believes this information helps provide a better understanding of the business and a more meaningful analysis of underwriting results by distribution channel. Insurance underwriting income, a non-GAAP measure, is a component of net operating income, which is reconciled to net income in the Results of Operations section above.

The following table summarizes Globe Life's insurance underwriting income by segment for the three months ended June 30, 2024 and 2023:
Insurance Underwriting Income
Quarter Ended
June 30, 2024% of
Premium		June 30, 2023% of
Premium		%
Chg.
Insurance underwriting margins:
Life$320,323 39$296,130 388
Health100,488 2992,419 289
Annuity1,748 2,181 
422,559 390,730 8
Other income74 85 
Administrative expenses(82,196)(75,459)9
Insurance underwriting income$340,437 $315,356 8
Per share$3.72 $3.28 13

The ratio of administrative expenses to premium was 7.0%, compared with 6.8% for the year-ago quarter.

4
GL Q2 2024 Earnings Release
GLOBE LIFE INC.
Earnings Release—Q2 2024
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
LIFE INSURANCE RESULTS BY DISTRIBUTION CHANNEL

Our distribution channels consist of the following exclusive agencies: American Income Life Division (American Income), Liberty National Division (Liberty National) and Family Heritage Division (Family Heritage); an independent agency, United American Division (United American); and our Direct to Consumer Division (Direct to Consumer).

Total premium, underwriting margins, first-year collected premium and net sales by all distribution channels are shown at https://investors.globelifeinsurance.com at "Financial Reports and Other Financial Information."
Life Underwriting Margin
Quarter Ended
June 30,
20242023
Amount% of PremiumAmount% of Premium% Chg.
American Income $192,662 45 $179,537 45 7
Direct to Consumer 63,848 26 56,433 23 13
Liberty National 31,072 34 28,386 33 9
Other 32,741 64 31,774 61 3
Total$320,323 39 $296,130 38 8
Life Premium
Quarter Ended
June 30,
20242023%
Chg.
American Income $423,534 $394,620 7
Direct to Consumer 248,839 248,607 —
Liberty National 92,197 86,634 6
Other 50,912 51,872 (2)
Total$815,482 $781,733 4
Life Net Sales(1)
Quarter Ended
June 30,
20242023%
Chg.
American Income $94,668 $81,940 16
Direct to Consumer 30,614 31,629 (3)
Liberty National 25,889 23,269 11
Other 2,332 2,450 (5)
Total$153,503 $139,288 10
(1)Net sales is calculated as annualized premium issued, net of cancellations in the first thirty days after issue, except in the case of Direct to Consumer, where net sales is annualized premium issued at the time the first full premium is paid after any introductory offer period (typically 1 month) has expired. Management considers net sales to be a better indicator of the rate of premium growth than annualized premium issued since annualized premium issued excludes cancellations, and cancellations do not contribute to premium income.

5
GL Q2 2024 Earnings Release
GLOBE LIFE INC.
Earnings Release—Q2 2024
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
HEALTH INSURANCE RESULTS BY DISTRIBUTION CHANNEL
Health Underwriting Margin
Quarter Ended
June 30,
20242023
Amount% of PremiumAmount% of Premium% Chg.
United American $16,571 11 $14,753 11 12
Family Heritage 36,611 35 32,704 33 12
Liberty National 26,400 55 26,208 56 1
American Income 19,092 62 18,169 62 5
Direct to Consumer1,814 10 585 3 210
Total$100,488 29 $92,419 28 9
Health Premium
Quarter Ended
June 30,
20242023%
Chg.
United American $149,230 $137,453 9
Family Heritage 105,855 98,129 8
Liberty National 47,705 46,903 2
American Income 30,721 29,527 4
Direct to Consumer 18,132 17,175 6
Total$351,643 $329,187 7
Health Net Sales(1)
Quarter Ended
June 30,
20242023%
Chg.
United American $18,228 $12,933 41
Family Heritage 24,570 23,010 7
Liberty National 8,356 8,058 4
American Income 5,792 4,712 23
Direct to Consumer 839 707 19
Total$57,785 $49,420 17
(1)Net sales is calculated as annualized premium issued, net of cancellations in the first thirty days after issue, except in the case of Direct to Consumer, where net sales is annualized premium issued at the time the first full premium is paid after any introductory offer period (typically 1 month) has expired. Management considers net sales to be a better indicator of the rate of premium growth than annualized premium issued since annualized premium issued excludes cancellations, and cancellations do not contribute to premium income.

6
GL Q2 2024 Earnings Release
GLOBE LIFE INC.
Earnings Release—Q2 2024
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
PRODUCING EXCLUSIVE AGENT COUNT RESULTS BY DISTRIBUTION CHANNEL

Quarterly Average
Producing Agent Count(1)
Quarter EndedQuarter Ended
June 30,March 31,
20242023% Chg.2024
American Income11,869 10,488 13 11,139 
Liberty National 3,700 3,180 16 3,419 
Family Heritage 1,361 1,345 1 1,295 

(1) The quarterly average producing agent count is based on the actual count at the beginning and end of each week during the period.


INVESTMENTS

Management uses excess investment income as the measure to evaluate the performance of the investment segment. It is defined as net investment income less the required interest attributable to policy liabilities. We also view excess investment income per diluted common share as an important and useful measure to evaluate performance of the investment segment, since it takes into consideration our stock repurchase program.

The following table summarizes Globe Life's investment income, excess investment income, and excess investment income per diluted common share.
Excess Investment Income
Quarter Ended
June 30,
20242023%
Chg.
Net investment income$285,636 $261,244 9
Interest on policy liabilities(1)
(242,845)(229,859)6
Excess investment income$42,791 $31,385 36
Per share$0.47 $0.33 42
(1)Interest on policy liabilities, at original discount rates, is a component of total policyholder benefits, a GAAP measure.

Net investment income increased 9% and average invested assets increased 6%. Required interest on policy liabilities increased 6% and average policy liabilities increased 5%.

7
GL Q2 2024 Earnings Release
GLOBE LIFE INC.
Earnings Release—Q2 2024
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
The composition of the investment portfolio at book value at June 30, 2024 is as follows:
Investment Portfolio
As of
June 30, 2024
Amount% of Total
Fixed maturities at fair value(1)
$17,613,008 89 
Mortgage Loans343,492 2 
Policy loans676,077 3 
Other long-term investments(2)
974,515 5 
Short-term investments100,560 1 
Total$19,707,652 
(1) As of June 30, 2024, fixed maturities at amortized cost were $19.2 billion, net of $7.1 million of allowance for credit losses.
(2) Includes $916 million of investments accounted for under the fair value option which have a cost of $898 million as of June 30, 2024.

Fixed maturities at amortized cost, net of allowance for credit losses, by asset class as of June 30, 2024 are as follows:
Fixed Maturity Portfolio by Sector
As of
June 30, 2024
Investment GradeBelow Investment GradeTotal Amortized Cost, net
Corporate bonds$14,884,237 $521,168 $15,405,405 
Municipals3,255,829 — 3,255,829 
Government, agencies, and GSEs(1)
443,826 — 443,826 
Collateralized debt obligations— 36,945 36,945 
Other asset-backed securities74,147 5,989 80,136 
Total$18,658,039 $564,102 $19,222,141 
(1) Government-Sponsored Enterprises

Below are fixed maturities available for sale by amortized cost, allowance for credit losses, and fair value at June 30, 2024 and the corresponding amounts of net unrealized gains and losses recognized in accumulated other comprehensive income (loss).
As of
Amortized
Cost		Allowance for Credit LossesNet Unrealized Gains (Losses)Fair
 Value
June 30, 2024
$19,229,273 $(7,132)$(1,609,133)$17,613,008 

At amortized cost, net of allowance for credit losses, 97% of fixed maturities (97% at fair value) were rated “investment grade.” The fixed maturity portfolio earned an annual taxable equivalent effective yield of 5.26% during the second quarter of 2024, compared with 5.18% in the year-ago quarter.

Globe Life is not a party to any credit default swaps and does not participate in securities lending.


8
GL Q2 2024 Earnings Release
GLOBE LIFE INC.
Earnings Release—Q2 2024
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
Comparable information for acquisitions of fixed maturity investments is as follows:
Fixed Maturity Acquisitions
Quarter Ended
June 30,
20242023
Amount$240,669 $359,487 
Average annual effective yield6.2 %5.8 %
Average ratingA-AA-
Average life (in years) to:
Next call32.2 15.5 
Maturity34.8 24.4 

SHARE REPURCHASE:

During the quarter, the Company repurchased 3.8 million shares of Globe Life Inc. common stock at a total cost of $314 million and an average share price of $81.87.

LIQUIDITY/CAPITAL:

Globe Life's operations consist primarily of writing basic protection life and supplemental health insurance policies which generate strong and stable cash flows. These cash flows are not impacted by volatile equity markets. Liquidity at the Parent Company is sufficient to meet additional capital needs of the insurance companies.

EARNINGS GUIDANCE FOR THE YEAR ENDING DECEMBER 31, 2024:

Globe Life projects net operating income between $11.80 to $12.10 per diluted common share for the year ending December 31, 2024.

NON-GAAP MEASURES:

In this news release, Globe Life includes non-GAAP measures to enhance investors' understanding of management's view of the business. The non-GAAP measures are not a substitute for GAAP, but rather a supplement to increase transparency by providing broader perspective. Globe Life's definitions of non-GAAP measures may differ from other companies' definitions. More detailed financial information, including various GAAP and non-GAAP measurements, is located at https://investors.globelifeinsurance.com on the Investors page under “Financial Reports and Other Financial Information."


9
GL Q2 2024 Earnings Release

CAUTION REGARDING FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements within the meaning of the federal securities laws. These prospective statements reflect management’s current expectations, but are not guarantees of future performance. Whether or not actual results differ materially from forward-looking statements may depend on numerous foreseeable and unforeseeable events or developments, which may be national in scope, related to the insurance industry generally, or applicable to the Company specifically. Such events or developments could include, but are not necessarily limited to:

1) Economic and other conditions, including the continued impact of inflation, geopolitical events, and the recent pandemic on the U.S. economy, leading to unexpected changes in lapse rates and/or sales of our policies, as well as levels of mortality, morbidity, and utilization of health care services that differ from Globe Life's assumptions;
2) Regulatory developments, including changes in accounting standards or governmental regulations (particularly those impacting taxes and changes to the Federal Medicare program that would affect Medicare Supplement);
3) Market trends in the senior-aged health care industry that provide alternatives to traditional Medicare (such as Health Maintenance Organizations and other managed care or private plans) and that could affect the sales of traditional Medicare Supplement insurance;
4) Interest rate changes that affect product sales, financing costs, and/or investment portfolio yield;
5) General economic, industry sector or individual debt issuers’ financial conditions (including developments and volatility arising from geopolitical events, particularly in certain industries that may compromise part of our investment portfolio) that may affect the current market value of securities we own, or that may impair an issuer’s ability to make principal and/or interest payments due on those securities;
6) Changes in the competitiveness of the Company's products and pricing;
7) Litigation results;
8) Levels of administrative and operational efficiencies that differ from our assumptions (including any reduction in efficiencies resulting from increased costs arising from the impact of higher than anticipated inflation);
9) The ability to obtain timely and appropriate premium rate increases for health insurance policies from our regulators;
10) The customer response to new products and marketing initiatives;
11) Reported amounts in the consolidated financial statements which are based on management estimates and judgments which may differ from the actual amounts ultimately realized;
12) Compromise by a malicious actor or other event that causes a loss of secure data from, or inaccessibility to, our computer and other information technology systems;
13) The impact of any reputational damage on the Company’s ability to attract and retain agents;

14) The severity, magnitude, and impact of natural or man-made catastrophic events, including but not limited to pandemics, tornadoes, hurricanes, earthquakes, war and terrorism, on our operations and personnel, commercial activity and demand for our products; and
15) Globe Life’s ability to access the commercial paper and debt markets, particularly if such markets become unpredictable or unstable for a certain period.
Readers are also directed to consider other risks and uncertainties described in other documents on file with the Securities and Exchange Commission. Globe Life specifically disclaims any obligation to update or revise any forward-looking statement because of new information, future developments or otherwise.

10
GL Q2 2024 Earnings Release

EARNINGS RELEASE CONFERENCE CALL WEBCAST:

Globe Life will provide a live audio webcast of its second quarter 2024 earnings release conference call with financial analysts at 11:00 am (Eastern) tomorrow, July 25, 2024. Access to the live webcast and replay will be available at https://investors.globelifeinsurance.com on the Calls and Meetings page, at the Conference Calls on the Web icon. Immediately following this press release, supplemental financial reports will be available before the conference call on the Investors page menu of the Globe Life website at “Financial Reports.”
For additional information contact:
Mike Majors, Executive Vice President - Policy Acquisition and Chief Strategy Officer
Globe Life Inc.
3700 South Stonebridge Drive
P. O. Box 8080
McKinney, Texas 75070-8080
Phone: 972-569-3627 or email: investors@globe.life
Website: https://investors.globelifeinsurance.com

11
GL Q2 2024 Earnings Release

APPENDIX

GLOBE LIFE INC.
GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended
June 30,		Six Months Ended
June 30,
 2024202320242023
Revenue:
Life premium$815,482 $781,733 $1,619,747 $1,554,330 
Health premium351,643 329,187 692,662 651,680 
Other premium— — — — 
Total premium1,167,125 1,110,920 2,312,409 2,206,010 
Net investment income285,636 261,244 568,214 518,349 
Realized gains (losses)(12,589)(45,843)(24,388)(76,770)
Other income74 85 150 135 
Total revenue1,440,246 1,326,406 2,856,385 2,647,724 
Benefits and expenses:
Life policyholder benefits(1)
518,792 512,664 1,038,663 1,020,641 
Health policyholder benefits(2)
205,423 195,924 407,750 386,886 
Other policyholder benefits11,479 8,922 21,074 17,910 
Total policyholder benefits735,694 717,510 1,467,487 1,425,437 
Amortization of deferred acquisition costs101,915 94,080 201,393 186,402 
Commissions, premium taxes, and non-deferred acquisition costs149,802 138,459 297,912 276,256 
Other operating expense99,108 86,033 192,322 170,204 
Interest expense31,404 25,818 60,025 50,685 
Total benefits and expenses1,117,923 1,061,900 2,219,139 2,108,984 
Income before income taxes322,323 264,506 637,246 538,740 
Income tax benefit (expense)(63,968)(49,246)(124,674)(99,870)
Net income$258,355 $215,260 $512,572 $438,870 
Basic net income per common share$2.83 $2.26 $5.53 $4.58 
Diluted net income per common share$2.83 $2.24 $5.51 $4.52 
(1)Net of a remeasurement gain of $12.4 million for the three months ended June 30, 2024, and a remeasurement gain of $2.4 million for the same period in 2023. Net of a remeasurement gain of $17.3 million for the six months ended June 30, 2024, and a remeasurement gain of $5.1 million for the same period in 2023.
(2)Net of a remeasurement gain of $3.2 million for the three months ended June 30, 2024, and a remeasurement gain of $2.6 million for the same period in 2023. Net of a remeasurement gain of $6.5 million for the six months ended June 30, 2024, and a remeasurement gain of $532 thousand for the same period in 2023.
12
GL Q2 2024 Earnings Release
v3.24.2
Cover page
Jul. 24, 2024
Entity Listings [Line Items]  
Document Type 8-K
Document Period End Date Jul. 24, 2024
Entity Registrant Name GLOBE LIFE INC.
Entity Incorporation, State or Country Code DE
Entity File Number 001-08052
Entity Tax Identification Number 63-0780404
Entity Address, Address Line One 3700 South Stonebridge Drive
Entity Address, City or Town McKinney
Entity Address, State or Province TX
Entity Address, Postal Zip Code 75070
City Area Code 972
Local Phone Number 569-4000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0000320335
Amendment Flag false
Common Stock, $1.00 par value per share  
Entity Listings [Line Items]  
Title of 12(b) Security Common Stock, $1.00 par value per share
Trading Symbol GL
Security Exchange Name NYSE
4.250% Junior Subordinated Debentures  
Entity Listings [Line Items]  
Title of 12(b) Security 4.250% Junior Subordinated Debentures
Trading Symbol GL PRD
Security Exchange Name NYSE
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