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Globe Life GL Amortization of deferred acquisition costs

Amortization of deferred acquisition costs at other companies

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AflacAFL
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PrimericaPRI
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Segments

By product

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American Income$57.02M+12.5%
Liberty National$20.3M+7.7%
Family Heritage$9.11M+14.7%
United American$1.27M-8.7%
Other$678K

By segment

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Life$102.69M+13.3%
Health$15.59M+7.4%

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:DeferredPolicyAcquisitionCostAmortizationExpense.

The source filing: Globe Life’s 8-K, filed July 22, 2026. Open the filing →

Filed
Jul 22, 2026, 4:34 PM EDT
Accession
0000320335-26-000203

FAQ

What is Globe Life's amortization of deferred acquisition costs?
Globe Life (GL) reported amortization of deferred acquisition costs of $120.54M in Q2 2026.
How has Globe Life's amortization of deferred acquisition costs changed year-over-year?
Globe Life's amortization of deferred acquisition costs increased by 7.7% year-over-year, from $111.94M to $120.54M.
What is the long-term trend for Globe Life's amortization of deferred acquisition costs?
Over 4 years (2021 to 2025), Globe Life's amortization of deferred acquisition costs has grown at a 9.0% compound annual growth rate (CAGR), from $317.62M to $447.76M.
What does amortization of deferred acquisition costs mean?
This is the non-cash expense recognized as previously capitalized acquisition costs are systematically charged to the income statement over the life of the insurance policies. It represents the consumption of the asset created by initial policy acquisition efforts.

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