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Globe Life GL Annuity Segment — Deferred acquisition costs

Other segment segments

Life
$6.25B+7.6%
Health
$865.28M+7.1%
Investment
$0

Similar metrics at other companies

Prudential Financial logo
PRUIndividual Annuities — Deferred Policy Acquisition Costs
$3.63B-22.6%
American Financial Group logo
AFGAnnuity Longterm Careand Life — Deferred Policy Acquisition Costs Amortization Expense Periodic Amortization
$25M-13.8%
Prudential Financial logo
PRUAnnuities — Deferred Policy Acquisition Cost
$2.25B-9.8%
American Financial Group logo
AFGAnnuity — Deferred policy acquisition costs
$287M-58.8%
Equitable Holdings logo
EQHCorporate Segment — Deferred policy acquisition costs
$7.56B+4.4%
Ameriprise Financial logo
AMPVariable Annuity — Amortization of deferred acquisition costs
$27M-3.6%

Other financials

Income statement

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Revenue$1.6B+5.3%
Net income$270.5M+6.3%
EPS (diluted)$3.39+12.6%

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$13.26B-0.4%
Enterprise value$16.24B-0.8%
P/E11.3×-1.2×
P/S2.2×-0.1×

Profitability

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Net margin19.4%+1.0pp
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:DeferredPolicyAcquisitionCosts.

The official record: Globe Life’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Globe Life's annuity segment — deferred acquisition costs?
Globe Life (GL) reported annuity segment — deferred acquisition costs of $0 in Q1 2026.
How has Globe Life's annuity segment — deferred acquisition costs changed year-over-year?
Globe Life's annuity segment — deferred acquisition costs decreased by 100.0% year-over-year, from $1.05M to $0.
What is the long-term trend for Globe Life's annuity segment — deferred acquisition costs?
Over 3 years (2022 to 2025), Globe Life's annuity segment — deferred acquisition costs has grown at a -53.9% compound annual growth rate (CAGR), from $21.25M to $2.08M.
What does annuity segment — deferred acquisition costs mean?
The portion of annuity sales and acquisition expenses that the company has paid but is spreading out as an asset to be expensed over the life of the policies.
How do you interpret annuity segment — deferred acquisition costs?
An increase suggests high levels of new business acquisition, while a decrease may indicate lower sales volume or accelerated amortization due to policy surrenders or changes in interest rate assumptions.
How does annuity segment — deferred acquisition costs compare across companies?
Most life and annuity insurers report deferred acquisition costs (DAC) as a primary asset on their balance sheets, with variations driven by product mix and accounting methodology for amortization.