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Globe Life GL Commercial Paper Outstanding

Commercial Paper Outstanding at other companies

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Corebridge FinancialCRBG
$276M

Other financials

Income statement

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Revenue$1.6B+8.0%
Net income$287.7M+13.8%
EPS (diluted)$3.65+19.7%

Balance sheet

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Cash & equivalents$255.2M+9.9%
Total debt$3.2B-1.3%
Total equity$6.1B+12.1%
Total assets$31.0B+4.2%

Cash flow

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Operating cash flow$420.9M-2.5%
CapEx$24.9M+112%
Free cash flow$396.0M-5.7%

Valuation

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Market cap$14.44B+23.9%
Enterprise value$17.42B-0.8%
P/E11.9×+1.0×
P/S2.3×+0.4×

Profitability

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Net margin19.6%+1.5pp
FCF margin20.2%-3.9pp

Returns & leverage

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Return on equity20.5%0.0pp
Debt / equity0.5×-0.1×

Where this comes from

Reported directly by Globe Life in its filing.

Tagged under the XBRL concept us-gaap:LettersOfCreditOutstandingAmount.

The source filing: Globe Life’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:32 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000320335-26-000169

Guarantees: In connection with the Pre-capitalized Trust Securities agreement signed on July 1, 2025, Globe Life Inc. is required to purchase any treasury securities in default. Management believes it is unlikely the Company will have to make any material payments under this agreement due to default. In addition, Globe Life Inc. has guaranteed letters of credit in connection with its credit facility with a group of banks as disclosed in Note 11—Debt. The letters of credit were issued by TMK Re, Ltd., a wholly-owned subsidiary ("TMK Re"), to secure TMK Re's obligation for claims on certain policies reinsured by TMK Re that were sold by other Globe Life Inc. insurance subsidiaries. These letters of credit facilitate TMK Re's ability to reinsure the business of Globe Life Inc.'s insurance subsidiaries. The credit facility expires in 2029. The maximum amount of letters of credit available is $250 million. Globe Life Inc. would be liable to the extent that TMK Re does not pay the reinsured party. The amount of letters of credit outstanding at March 31, 2026 was $115 million.

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Globe Life's commercial paper outstanding?
Globe Life (GL) reported commercial paper outstanding of $115M in Q1 2026.
How has Globe Life's commercial paper outstanding changed year-over-year?
Globe Life's commercial paper outstanding decreased by 0.0% year-over-year, from $115M to $115M.
What is the long-term trend for Globe Life's commercial paper outstanding?
Over 3 years (2020 to 2025), Globe Life's commercial paper outstanding has grown at a -5.2% compound annual growth rate (CAGR), from $135M to $115M.

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