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Globe Life GL Liberty National — Other adjustments

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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$14.23B+26.3%
Enterprise value$17.21B-0.8%
P/E11.7×+1.2×
P/S2.3×+0.4×

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 gl:LiabilityForFuturePolicyBenefitEffectOfOtherAdjustments.

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 itemLife / American IncomeLife / DTCLife / Liberty NationalLife / OtherLife / Total
Net liability for future policy benefits at original discount rates$4,951,354$3,197,663$2,302,287$3,173,886$13,625,190
Effect of changes in discount rate assumptions404,498369,96254,874395,8231,225,157
Other adjustments(1)22420875507
Net liability for future policy benefits, after other adjustments, at current discount rates5,356,0763,567,8332,357,1613,569,78414,850,854
Reinsurance recoverable(186)(7,922)(14)(8,122)
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates$5,355,890$3,567,833$2,349,239$3,569,770$14,842,732

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Globe Life's liberty national — other adjustments?
Globe Life (GL) reported liberty national — other adjustments of $15.58M in Q1 2026.
How has Globe Life's liberty national — other adjustments changed year-over-year?
Globe Life's liberty national — other adjustments increased by 37.1% year-over-year, from $11.36M to $15.58M.
What is the long-term trend for Globe Life's liberty national — other adjustments?
Over 2 years (2023 to 2025), Globe Life's liberty national — other adjustments has grown at a -7.8% compound annual growth rate (CAGR), from $57.46M to $48.86M.
What does liberty national — other adjustments mean?
Captures miscellaneous adjustments to the liability for future policy benefits that do not fall under standard categories like discount rate changes or cash flow updates. This includes model refinements or accounting policy changes.

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