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Globe Life GL Investment — Deferred acquisition costs

Other segment segments

Life
$6.25B+7.6%
Health
$865.28M+7.1%
Annuity Segment
$1.41M

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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 us-gaap:DeferredPolicyAcquisitionCosts.

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
Cash and invested assets$20,663,607$20,663,607
Accrued investment income289,633289,633
Deferred acquisition costs6,253,845865,2757,119,120
Goodwill309,609180,837490,446
Total segment assets$6,563,454$1,046,112$20,953,24028,562,806
Annuity and other corporate2,403,045
Total assets$30,965,851

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Globe Life's investment — deferred acquisition costs?
Globe Life (GL) reported investment — deferred acquisition costs of $0 in Q1 2026.
What does investment — deferred acquisition costs mean?
Costs incurred to acquire new insurance policies that are capitalized and amortized over the life of the policy. This reflects the long-term investment made in customer acquisition.

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