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Globe Life GL Health — Policy obligations

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The Hartford Financial Services Group logo
HIGGroup Benefits — Supplementary Insurance Information Liability For Future Policy Benefits Losses Claims And Loss Expense Reserves
$6.38B-2.5%
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PFGSegment Benefits And Protection — Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
$14.92B+6.2%
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KKRInsurance — Policy Liabilities (Including Market Risk Benefits)
$66.83B+10.2%
Prudential Financial logo
PRUGroup Insurance — Future Policy Benefits, Losses, Claims Expenses
$5.61B+3.4%
Principal Financial Group logo
PFGSegment US Insurance Solutions — Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
$12.13B-1.1%
Prudential Financial logo
PRUIndividual Life — Future Policy Benefits, Losses, Claims Expenses
$28.35B+6.8%

Other financials

Income statement

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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 gl:PolicyholderBenefitsAndClaimsIncurredNetAdjusted.

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 health — policy obligations?
Globe Life (GL) reported health — policy obligations of $263.73M in Q1 2026.
How has Globe Life's health — policy obligations changed year-over-year?
Globe Life's health — policy obligations increased by 12.7% year-over-year, from $233.93M to $263.73M.
What is the long-term trend for Globe Life's health — policy obligations?
Over 3 years (2022 to 2025), Globe Life's health — policy obligations has grown at a 7.3% compound annual growth rate (CAGR), from $752.87M to $931.14M.
What does health — policy obligations mean?
The total amount of money the company expects to pay out for health insurance claims and benefits in the future.
How do you interpret health — policy obligations?
An increase suggests a growing book of business or higher expected claim costs, while a decrease may indicate a shrinking portfolio or improved mortality/morbidity experience.
How does health — policy obligations compare across companies?
Commonly referred to as 'Policy Reserves' or 'Insurance Liabilities' in peer insurance financial statements.