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Globe Life GL Health insurance — Premiums Earned, Net, Excluding Policy Charges

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AFLHealth insurance — Ceded Premiums Earned
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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:PremiumsEarnedNetExcludingPolicyCharges.

The source filing: Globe Life’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 5:20 PM EST
Fiscal year
FY2025
Accession
0000320335-26-000090

| Life insurance in force | $229,804,503 | $430,278 | $1,734,812 | $231,109,037 | 0.8 | | Premiums(2): | | | | | | | Life insurance | $3,294,163 | $(39,968) | $17,669 | $3,351,800 | 0.5 | | Health insurance | 1,516,215 | 128 | 10,663 | 1,526,750 | 0.7 | | Total premium | $4,810,378 | $(39,840) | $28,332 | $4,878,550 | 0.6 | | For the Year Ended December 31, 2024 | | | | | | | Life insurance in force | $227,975,584 | $671,056 | $1,823,957 | $229,128,485 | 0.8 | | Premiums(2): | | | | | | | Life insurance | $3,235,744 | $4,649 | $17,994 | $3,249,089 | 0.6 | | Health insurance | 1,384,080 | 2,449 | 23,294 | 1,404,925 | 1.7 |

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

FAQ

What is Globe Life's health insurance — premiums earned, net, excluding policy charges?
Globe Life (GL) reported health insurance — premiums earned, net, excluding policy charges of $381.69M in Q4 2025.
How has Globe Life's health insurance — premiums earned, net, excluding policy charges changed year-over-year?
Globe Life's health insurance — premiums earned, net, excluding policy charges increased by 8.7% year-over-year, from $351.23M to $381.69M.
What is the long-term trend for Globe Life's health insurance — premiums earned, net, excluding policy charges?
Over 4 years (2021 to 2025), Globe Life's health insurance — premiums earned, net, excluding policy charges has grown at a 6.2% compound annual growth rate (CAGR), from $1.2B to $1.53B.
What does health insurance — premiums earned, net, excluding policy charges mean?
This metric measures the net revenue generated from health insurance policies after accounting for both premiums ceded to reinsurers and premiums assumed from other entities. It excludes non-premium policy charges, providing a clear view of the core insurance underwriting revenue. It is a critical measure of the segment's profitability and operational efficiency.

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