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Globe Life GL Liberty National — Deferred Policy Acquisition Costs, Amortization Expense

Other product segments

American Income
$57.02M+12.5%
Family Heritage
$9.11M+14.7%
United American
$1.27M-8.7%
Other
$678K

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FNFUniversal Life — Deferred Policy Acquisition Costs, Amortization Expense
$16M+33.3%
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PRUIndividual Life — Amortization of deferred policy acquisition costs
$108M+1.9%
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AFLLife insurance — Amortization of deferred policy acquisition costs
$19M+11.8%
Ameriprise Financial logo
AMPUniversal Life Insurance — Amortization of deferred acquisition costs
$2M0.0%
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APOOther Investment-type — Deferred Policy Acquisition Costs, Amortization Expense
$1M
Cincinnati Financial logo
CINFLife Insurance Product Line — Deferred Policy Acquisition Costs, Amortization Expense
$12M-7.7%

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:DeferredPolicyAcquisitionCostAmortizationExpense.

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 policy acquisition costs, amortization expense?
Globe Life (GL) reported liberty national — deferred policy acquisition costs, amortization expense of $20.3M in Q1 2026.
How has Globe Life's liberty national — deferred policy acquisition costs, amortization expense changed year-over-year?
Globe Life's liberty national — deferred policy acquisition costs, amortization expense increased by 7.7% year-over-year, from $18.86M to $20.3M.
What is the long-term trend for Globe Life's liberty national — deferred policy acquisition costs, amortization expense?
Over 4 years (2021 to 2025), Globe Life's liberty national — deferred policy acquisition costs, amortization expense has grown at a 8.8% compound annual growth rate (CAGR), from $55.66M to $77.93M.
What does liberty national — deferred policy acquisition costs, amortization expense mean?
The portion of acquisition costs recognized as an expense during the current period.
How do you interpret liberty national — deferred policy acquisition costs, amortization expense?
A rising amortization expense is expected as the book of business grows, but it should be monitored relative to the revenue generated by those policies.
How does liberty national — deferred policy acquisition costs, amortization expense compare across companies?
Standard industry expense metric, comparable to 'Amortization of DAC' at other life insurance companies.