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Globe Life GL Direct to Consumer — Deferred acquisition costs

Other product segments

American Income
$3.42B+11.5%
Liberty National
$956.62M+7.0%
Family Heritage
$555.78M+9.7%
Other
$290.51M
United American
$67.49M-3.2%

Similar metrics at other companies

Cincinnati Financial logo
CINFWhole Life Insurance — Deferred policy acquisition costs
$56M+5.7%
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CINFTerm Life Insurance — Deferred policy acquisition costs
$260M+4.8%
American Financial Group logo
AFGOther — Deferred policy acquisition costs
$15M-21.1%
Reinsurance Group of America logo
RGALife Insurance Product Line — Deferred policy acquisition costs and other
$5.02B+5.8%
Prudential Financial logo
PRUTotal Corporate and Other — Deferred Policy Acquisition Costs
-$651M-15.6%
Corebridge Financial logo
CRBGLife Insurance — Deferred Policy Acquisition Cost

Other financials

Income statement

See full
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 direct to consumer — deferred acquisition costs?
Globe Life (GL) reported direct to consumer — deferred acquisition costs of $1.83B in Q1 2026.
How has Globe Life's direct to consumer — deferred acquisition costs changed year-over-year?
Globe Life's direct to consumer — deferred acquisition costs increased by 2.1% year-over-year, from $1.79B to $1.83B.
What is the long-term trend for Globe Life's direct to consumer — deferred acquisition costs?
Over 3 years (2022 to 2025), Globe Life's direct to consumer — deferred acquisition costs has grown at a 3.2% compound annual growth rate (CAGR), from $6.58B to $7.23B.
What does direct to consumer — deferred acquisition costs mean?
The unamortized portion of costs spent to acquire new customers, which is treated as an asset on the balance sheet.
How do you interpret direct to consumer — deferred acquisition costs?
A growing balance suggests high investment in new business, while a shrinking balance may indicate reduced acquisition activity.
How does direct to consumer — deferred acquisition costs compare across companies?
Standard accounting metric for insurance companies under GAAP/IFRS.