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Globe Life GL Liberty National — Original discount rate

Other product segments

American Income
11.5%0.0%
Other
6.2%
United American
5.1%0.0%
Family Heritage
4.2%0.0%

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4.4%+0.1pp
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AFLOther — Weighted-average interest, original discount rate
7.3%+0.1pp

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:LiabilityForFuturePolicyBenefitWeightedAverageInterestAccretionRate.

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 itemAs of March 31, 2026 / Original discount rateAs of March 31, 2026 / Current discount rateAs of March 31, 2025 / Original discount rateAs of March 31, 2025 / Current discount rate
Life
American Income5.7%5.5%5.7%5.4%
Direct to Consumer6.0%5.6%5.9%5.4%
Liberty National5.6%5.6%5.6%5.4%
Other6.2%5.6%6.2%5.5%
Health
United American5.1%5.3%5.1%5.1%
Family Heritage4.2%5.4%4.2%5.2%

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Globe Life's liberty national — original discount rate?
Globe Life (GL) reported liberty national — original discount rate of 11.4% in Q1 2026.
How has Globe Life's liberty national — original discount rate changed year-over-year?
Globe Life's liberty national — original discount rate decreased by 0.0% year-over-year, from 11.4% to 11.4%.
What is the long-term trend for Globe Life's liberty national — original discount rate?
Over 3 years (2022 to 2025), Globe Life's liberty national — original discount rate has grown at a 0.0% compound annual growth rate (CAGR), from 45.6% to 45.6%.
What does liberty national — original discount rate mean?
The original discount rate is the interest rate used at the inception of a long-duration insurance contract to calculate the present value of future policy benefits. It serves as a benchmark for the initial valuation of liabilities. This rate remains constant for the life of the contract, providing a stable baseline for actuarial calculations.

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