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Globe Life GL Life — Liability for Future Policy Benefit, after Reinsurance

Other segment segments

Health
$2.43B+2.9%
Investment
$0

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$735M-6.4%

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:LiabilityForFuturePolicyBenefitAfterReinsurance.

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$5,290,581$3,343,253$2,311,295$3,252,723$14,197,852
Effect of changes in discount rate assumptions229,574284,1399,459310,822833,994
Other adjustments(1)204214133452
Net liability for future policy benefits, after other adjustments, at current discount rates5,520,3593,627,6062,320,7553,563,57815,032,298
Reinsurance recoverable(195)(8,162)(12)(8,369)
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates$5,520,164$3,627,606$2,312,593$3,563,566$15,023,929

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Globe Life's life — liability for future policy benefit, after reinsurance?
Globe Life (GL) reported life — liability for future policy benefit, after reinsurance of $15.02B in Q1 2026.
How has Globe Life's life — liability for future policy benefit, after reinsurance changed year-over-year?
Globe Life's life — liability for future policy benefit, after reinsurance increased by 1.2% year-over-year, from $14.84B to $15.02B.
What is the long-term trend for Globe Life's life — liability for future policy benefit, after reinsurance?
Over 3 years (2022 to 2025), Globe Life's life — liability for future policy benefit, after reinsurance has grown at a 0.4% compound annual growth rate (CAGR), from $59.53B to $60.32B.
What does life — liability for future policy benefit, after reinsurance mean?
This represents the estimated present value of future benefits payable to policyholders, adjusted for reinsurance recoveries. It reflects the company's long-term obligation to cover claims for life insurance policies, net of any risk transferred to third-party reinsurers.

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