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Globe Life GL Health — Effect of changes in discount rate assumptions

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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:LiabilityForFuturePolicyBenefitEffectOfChangesInDiscountRateAssumptions.

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 itemHealth / United AmericanHealth / Family HeritageHealth / Liberty NationalHealth / American IncomeHealth / Direct to ConsumerHealth / Total
Net liability for future policy benefits at original discount rates$61,035$1,872,516$447,480$125,593$(4,590)$2,502,034
Effect of changes in discount rate assumptions(3,406)(219,265)19,0299,674(230)(194,198)
Other adjustments(1)34,5701,31511,3636995,57553,522
Net liability for future policy benefits, after other adjustments, at current discount rates92,1991,654,566477,872135,9667552,361,358
Reinsurance recoverable(2,511)(988)(3,499)
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates$89,688$1,654,566$476,884$135,966$755$2,357,859

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Globe Life's health — effect of changes in discount rate assumptions?
Globe Life (GL) reported health — effect of changes in discount rate assumptions of -$212.3M in Q1 2026.
How has Globe Life's health — effect of changes in discount rate assumptions changed year-over-year?
Globe Life's health — effect of changes in discount rate assumptions decreased by 9.3% year-over-year, from -$194.2M to -$212.3M.
What is the long-term trend for Globe Life's health — effect of changes in discount rate assumptions?
Over 3 years (2022 to 2025), Globe Life's health — effect of changes in discount rate assumptions has grown at a 251.7% compound annual growth rate (CAGR), from -$15.67M to -$681.78M.
What does health — effect of changes in discount rate assumptions mean?
This metric quantifies the impact on the liability balance resulting from changes in the discount rate assumptions used for valuation. It highlights the sensitivity of the health segment's financial position to interest rate changes. This is a non-operating adjustment that helps reconcile period-over-period changes in reserves.

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