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Globe Life GL Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

Aflac logo
AflacAFL
$8.95B-3.7%
Citizens logo
CitizensCIA
$229.2M+9.7%
Security National Financial Corporation logo
Security National Financial CorporationSNFCA
$137.6M+5.8%
MetLife logo
MetLifeMET
$21.57B+2.8%
Prudential Financial logo
Prudential FinancialPRU
$21.88B+3.1%
CNO Financial Group logo
CNO Financial GroupCNO
$2.51B+10.2%

Segments

By product

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American Income$3.42B+11.5%
Liberty National$956.62M+7.0%
Family Heritage$555.78M+9.7%
Other$290.51M
United American$67.49M-3.2%

By segment

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Life$6.25B+7.6%
Health$865.28M+7.1%
Annuity Segment$1.41M
Investment$0

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:DeferredPolicyAcquisitionCosts.

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 itemMarch 31,2026December 31, 2025
Cash255,209144,704
Accrued investment income289,633272,818
Other receivables727,521768,592
Deferred acquisition costs7,119,1206,999,136
Goodwill490,446490,446
Other assets1,675,5241,667,987
Total assets$30,965,851$30,813,692
Liabilities:

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Globe Life's deferred policy acquisition costs?
Globe Life (GL) reported deferred policy acquisition costs of $7.12B in Q1 2026.
How has Globe Life's deferred policy acquisition costs changed year-over-year?
Globe Life's deferred policy acquisition costs increased by 7.5% year-over-year, from $6.62B to $7.12B.
What is the long-term trend for Globe Life's deferred policy acquisition costs?
Over 5 years (2020 to 2025), Globe Life's deferred policy acquisition costs has grown at a 8.8% compound annual growth rate (CAGR), from $4.59B to $7B.
What does deferred policy acquisition costs mean?
These are the capitalized costs directly associated with acquiring new insurance policies, such as commissions and underwriting expenses. These costs are amortized over the expected life of the policy to match expenses with the related premium revenue.

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