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Globe Life GL Liberty National — Deferred acquisition costs

Other product segments

American Income
$3.42B+11.5%
Family Heritage
$555.78M+9.7%
Other
$290.51M
United American
$67.49M-3.2%

Similar metrics at other companies

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AFLLife insurance — Deferred policy acquisition costs
$738M+5.3%
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FNFUniversal Life — Deferred Policy Acquisition Cost
$1.08B+29.1%
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FNFUniversal Life — Deferred Policy Acquisition Cost, Capitalization
$77M+11.6%
Cincinnati Financial logo
CINFWhole Life Insurance — Deferred policy acquisition costs
$56M+5.7%
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AMPTerm and Whole Life Insurance — Deferred acquisition costs
$17M0.0%
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CRBGLife Insurance — Deferred Policy Acquisition Cost

Other financials

Income statement

See full
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 us-gaap:DeferredPolicyAcquisitionCosts.

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 liberty national — deferred acquisition costs?
Globe Life (GL) reported liberty national — deferred acquisition costs of $956.62M in Q1 2026.
How has Globe Life's liberty national — deferred acquisition costs changed year-over-year?
Globe Life's liberty national — deferred acquisition costs increased by 7.0% year-over-year, from $894.37M to $956.62M.
What is the long-term trend for Globe Life's liberty national — deferred acquisition costs?
Over 3 years (2022 to 2025), Globe Life's liberty national — deferred acquisition costs has grown at a 8.3% compound annual growth rate (CAGR), from $2.89B to $3.67B.
What does liberty national — deferred acquisition costs mean?
The balance of upfront costs to acquire new policies that are spread out over the life of those policies.
How do you interpret liberty national — deferred acquisition costs?
An increasing balance suggests high investment in new business growth, while a decreasing balance may indicate lower sales activity or high amortization.
How does liberty national — deferred acquisition costs compare across companies?
Standard accounting metric (DAC) across the insurance industry, comparable to 'Deferred Acquisition Costs' at all major life insurers.