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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
$221M+2.3%
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The Travelers CompaniesTRV
$1.77B-0.7%

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+5.3%
Net income$270.5M+6.3%
EPS (diluted)$3.39+12.6%

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$13.26B-0.4%
Enterprise value$16.24B-0.8%
P/E11.3×-1.2×
P/S2.2×-0.1×

Profitability

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Net margin19.4%+1.0pp
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 official record: Globe Life’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Globe Life's amortization of deferred acquisition costs?
Globe Life (GL) reported amortization of deferred acquisition costs of $118.28M in Q1 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 5.7% year-over-year, from $111.94M to $118.28M.
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?
The portion of upfront acquisition costs being recognized as an expense during the current period.
How do you interpret amortization of deferred acquisition costs?
An increase reflects the aging of the existing book of business, while a decrease may indicate a shift in the policy portfolio mix or duration.
How does amortization of deferred acquisition costs compare across companies?
Standard accounting practice for insurance firms; peers report this to reconcile net income with cash flow.