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Globe Life GL United American — Current discount rate

Other product segments

Liberty National
11%+2.8%
American Income
10.8%+2.9%
Other
5.5%
Family Heritage
5.4%+3.8%

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JXNPayout Annuities — Current discount rate
5.4%0.0pp
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FNFImmediate annuities — Current discount rate
5.6%+0.2pp

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:LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate.

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
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%
Liberty National5.8%5.4%5.8%5.3%
American Income5.8%5.3%5.8%5.1%
Direct to Consumer5.1%5.3%5.1%5.1%

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Globe Life's united american — current discount rate?
Globe Life (GL) reported united american — current discount rate of 5.3% in Q1 2026.
How has Globe Life's united american — current discount rate changed year-over-year?
Globe Life's united american — current discount rate increased by 3.9% year-over-year, from 5.1% to 5.3%.
What is the long-term trend for Globe Life's united american — current discount rate?
Over 3 years (2022 to 2025), Globe Life's united american — current discount rate has grown at a 3.3% compound annual growth rate (CAGR), from 18.6% to 20.5%.
What does united american — current discount rate mean?
The current discount rate is the market-based interest rate used to remeasure the liability for future policy benefits at the current reporting date. Unlike the original rate, this rate fluctuates with market conditions, impacting the reported value of long-term liabilities. It provides a current market view of the cost to settle future obligations.

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