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Globe Life GL Direct to Consumer — Other adjustments

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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 gl:LiabilityForFuturePolicyBenefitEffectOfOtherAdjustments.

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 / American IncomeLife / DTCLife / Liberty NationalLife / OtherLife / Total
Net liability for future policy benefits at original discount rates$4,951,354$3,197,663$2,302,287$3,173,886$13,625,190
Effect of changes in discount rate assumptions404,498369,96254,874395,8231,225,157
Other adjustments(1)22420875507
Net liability for future policy benefits, after other adjustments, at current discount rates5,356,0763,567,8332,357,1613,569,78414,850,854
Reinsurance recoverable(186)(7,922)(14)(8,122)
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates$5,355,890$3,567,833$2,349,239$3,569,770$14,842,732

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Globe Life's direct to consumer — other adjustments?
Globe Life (GL) reported direct to consumer — other adjustments of $12.77M in Q1 2026.
How has Globe Life's direct to consumer — other adjustments changed year-over-year?
Globe Life's direct to consumer — other adjustments increased by 120.8% year-over-year, from $5.78M to $12.77M.
What is the long-term trend for Globe Life's direct to consumer — other adjustments?
Over 2 years (2023 to 2025), Globe Life's direct to consumer — other adjustments has grown at a -4.9% compound annual growth rate (CAGR), from $37.58M to $34.01M.
What does direct to consumer — other adjustments mean?
This metric aggregates miscellaneous adjustments to the liability for future policy benefits that do not fall into standard categories like discount rate changes or cash flow variances. It captures unique, non-recurring, or minor actuarial refinements.

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