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Globe Life GL Health — Policy obligations

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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:PolicyholderBenefitsAndClaimsIncurredNetAdjusted.

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 itemLifeHealthInvestmentConsolidated
Other income1,160
Total consolidated revenue$1,559,619
Expenses:
Policy obligations(1)518,850263,7345,546788,130
Required interest on reserves(216,538)(28,882)247,6242,204
Amortization of acquisition costs102,69415,588118,282
Commissions43,54747,44590,992
Premium taxes17,7738,22325,996

Item 1. Condensed Consolidated Financial Statements

FAQ

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?
Represents the total estimated liability for future policy benefits and claims within the health insurance segment. This figure reflects the actuarial present value of future obligations to policyholders, serving as a critical measure of long-term solvency risk for the segment.

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