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Globe Life GL Direct to Consumer — Interest accrual

Other product segments

American Income
$135.81M+3.0%
United American
$62.26M+29.8%
Liberty National
$53.78M-2.6%
Family Heritage
$40.49M+4.5%
Other
$5.63M

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AFLDisability — Interest accrual
$25M0.0%
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AFLOther — Interest accrual
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JXNPayout Annuities — Interest accrual
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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$14.28B+22.5%
Enterprise value$17.26B-0.8%
P/E11.8×+0.8×
P/S2.3×+0.3×

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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense.

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
Line itemLife / Present value of expected future policy benefits / American IncomeLife / Present value of expected future policy benefits / DTCLife / Present value of expected future policy benefits / Liberty NationalLife / Present value of expected future policy benefits / OtherLife / Present value of expected future policy benefits / Total
Effect of actual variances from expected experience(55,814)(41,948)(8,711)(5,447)(111,920)
Adjusted balance at January 1, 20259,452,7748,619,0003,331,5083,576,62124,979,903
Issuances(1)195,633121,77925,7805,211348,403
Interest accrual(2)127,459119,19444,73653,386344,775
Benefit payments(3)(109,126)(150,039)(54,594)(34,896)(348,655)
Effect of changes in the foreign exchange rate4,3474,347
Ending balance at original discount rates9,671,0878,709,9343,347,4303,600,32225,328,773
Effect of change from original to current discount rates441,809543,80668,427409,6571,463,699

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Globe Life's direct to consumer — interest accrual?
Globe Life (GL) reported direct to consumer — interest accrual of $120.76M in Q1 2026.
How has Globe Life's direct to consumer — interest accrual changed year-over-year?
Globe Life's direct to consumer — interest accrual decreased by 0.1% year-over-year, from $120.88M to $120.76M.
What is the long-term trend for Globe Life's direct to consumer — interest accrual?
Over 4 years (2021 to 2025), Globe Life's direct to consumer — interest accrual has grown at a 3.2% compound annual growth rate (CAGR), from $426.75M to $483.76M.
What does direct to consumer — interest accrual mean?
Represents the interest expense accrued on the liability for future policy benefits, reflecting the time value of money on long-term insurance obligations. This is a non-cash expense that grows the liability balance over time as the policy matures.

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