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Globe Life GL Reserve for Incurred But Not Reported (IBNR) Claims
Reserve for Incurred But Not Reported (IBNR) Claims at other companies
Other financials
Where this comes from
Reported directly by Globe Life in its filing.
Tagged under the XBRL concept us-gaap:OtherPolicyholderFunds.
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 item | March 31,2026 | December 31, 2025 |
|---|---|---|
| Future policy benefits at current discount rates: (at original discount rates: 2026—$18,304,438; 2025—$18,129,506) | $18,934,135 | $19,169,687 |
| Unearned and advance premium | 285,763 | 270,663 |
| Policy claims and other benefits payable | 548,528 | 540,832 |
| Other policyholders' funds | 576,452 | 532,047 |
| Total policy liabilities | 20,344,878 | 20,513,229 |
| Current and deferred income taxes | 904,986 | 859,628 |
| Short-term debt | 457,047 | 304,656 |
| Long-term debt (estimated fair value: 2026—$2,177,494; 2025—$2,225,320) | 2,321,537 | 2,320,793 |
Item 1. Condensed Consolidated Financial Statements
FAQ
- What is Globe Life's reserve for incurred but not reported (IBNR) claims?
- Globe Life (GL) reported reserve for incurred but not reported (IBNR) claims of $576.45M in Q1 2026.
- How has Globe Life's reserve for incurred but not reported (IBNR) claims changed year-over-year?
- Globe Life's reserve for incurred but not reported (IBNR) claims increased by 24.5% year-over-year, from $463.15M to $576.45M.
- What is the long-term trend for Globe Life's reserve for incurred but not reported (IBNR) claims?
- Over 5 years (2020 to 2025), Globe Life's reserve for incurred but not reported (IBNR) claims has grown at a 40.1% compound annual growth rate (CAGR), from $98.46M to $532.05M.
- What does reserve for incurred but not reported (IBNR) claims mean?
- The IBNR reserve accounts for claims that have been incurred by the policyholder but have not yet been formally reported to the insurance company. This estimate is based on historical data and actuarial projections to ensure the company remains adequately capitalized for latent liabilities. It is a critical component of the company's overall loss reserve strategy.
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