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Globe Life GL Other premium — Interest accrual
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Where this comes from
Reported directly by Globe Life in its filing.
Tagged under the XBRL concept us-gaap:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense.
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
| Effect of actual variances from expected experience | (66,848) | (75,724) | (12,123) | (3,796) | (158,491) | |||||
| Adjusted balance at January 1, 2026 | 9,838,583 | 8,541,205 | 3,279,767 | 3,639,596 | 25,299,151 | |||||
| Issuances(1) | 167,013 | 121,469 | 26,812 | 5,208 | 320,502 | |||||
| Interest accrual(2) | 131,015 | 118,467 | 43,797 | 54,313 | 347,592 | |||||
| Benefit payments(3) | (113,572) | (134,299) | (52,738) | (39,416) | (340,025) | |||||
| Effect of changes in the foreign exchange rate | (875) | — | — | — | (875) | |||||
| Ending balance at original discount rates | 10,022,164 | 8,646,842 | 3,297,638 | 3,659,701 | 25,626,345 | |||||
| Effect of change from original to current discount rates | 238,693 | 412,253 | 13,130 | 319,608 | 983,684 |
Item 1. Condensed Consolidated Financial Statements
FAQ
- What is Globe Life's other premium — interest accrual?
- Globe Life (GL) reported other premium — interest accrual of $54.31M in Q1 2026.
- How has Globe Life's other premium — interest accrual changed year-over-year?
- Globe Life's other premium — interest accrual increased by 1.7% year-over-year, from $53.39M to $54.31M.
- What is the long-term trend for Globe Life's other premium — interest accrual?
- Over 4 years (2021 to 2025), Globe Life's other premium — interest accrual has grown at a 3.2% compound annual growth rate (CAGR), from $189.78M to $214.86M.
- What does other premium — interest accrual mean?
- Represents the interest expense accrued on the liability for future policy benefits over the reporting period. This reflects the time value of money and the cost of maintaining long-term insurance reserves.
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