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

Other product segments

American Income
$5.66B+3.1%
Liberty National
$2.77B-2.0%
Family Heritage
$1.76B+6.1%
United American
$68.69M-23.4%

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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$14.28B+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 other — liability for future policy benefit, after reinsurance?
Globe Life (GL) reported other — liability for future policy benefit, after reinsurance of $3.56B in Q1 2026.
How has Globe Life's other — liability for future policy benefit, after reinsurance changed year-over-year?
Globe Life's other — liability for future policy benefit, after reinsurance decreased by 0.2% year-over-year, from $3.57B to $3.56B.
What is the long-term trend for Globe Life's other — liability for future policy benefit, after reinsurance?
Over 3 years (2022 to 2025), Globe Life's other — liability for future policy benefit, after reinsurance has grown at a -1.0% compound annual growth rate (CAGR), from $14.86B to $14.44B.
What does other — liability for future policy benefit, after reinsurance mean?
This metric represents the net liability for future policy benefits after accounting for reinsurance recoverables. It reflects the company's retained risk exposure for the segment. This is a key measure of the net financial burden the company must support through its own capital and investment returns.

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