What does investment — non-deferred acquisition costs mean?

Costs incurred to acquire new insurance business that are recognized immediately as expenses rather than being capitalized and amortized. These costs impact current-period profitability more significantly than deferred costs.

Globe Life GL Investment — Non-deferred acquisition costs

Similar metrics at other companies

UNMDeferral of Acquisition Costs

$190.6M+10.4%

AIGDeferred acquisition costs

$2.11B+2.0%

JXNDeferred policy acquisition costs

$11.63B-1.2%

LNCDeferred acquisition costs, value of business acquired, deferred ales inducements and deferred front-end loads

$163M+4.5%

ACGLInsurance — Deferred Acquisition Costs

$788M+13.2%

LNCDeferred acquisition costs, value of business acquired, deferred ales inducements and deferred front-end loads

$163M+4.5%

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:NonDeferredAcquisitionCosts.

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 investment — non-deferred acquisition costs?: Globe Life (GL) reported investment — non-deferred acquisition costs of $0 in Q1 2026.
What does investment — non-deferred acquisition costs mean?: Costs incurred to acquire new insurance business that are recognized immediately as expenses rather than being capitalized and amortized. These costs impact current-period profitability more significantly than deferred costs.