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Globe Life GL Commissions, premium taxes, and non-deferred acquisition costs

Commissions, premium taxes, and non-deferred acquisition costs at other companies

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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$14.44B+23.9%
Enterprise value$17.42B-0.8%
P/E11.9×+1.0×
P/S2.3×+0.4×

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 gl:NonDeferredAcquisitionCostsAndPremiumTaxes.

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 itemThree Months Ended March 31, 20262025
Other policyholder benefits7,0007,080
Total policyholder benefits789,584750,765
Amortization of deferred acquisition costs118,282105,515
Commissions, premium taxes, and non-deferred acquisition costs169,886164,323
Other operating expense113,735108,746
Interest expense34,00034,992
Total benefits and expenses1,225,4871,164,341
Income before income taxes334,132316,081

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Globe Life's commissions, premium taxes, and non-deferred acquisition costs?
Globe Life (GL) reported commissions, premium taxes, and non-deferred acquisition costs of $169.89M in Q1 2026.
How has Globe Life's commissions, premium taxes, and non-deferred acquisition costs changed year-over-year?
Globe Life's commissions, premium taxes, and non-deferred acquisition costs increased by 3.4% year-over-year, from $164.32M to $169.89M.
What is the long-term trend for Globe Life's commissions, premium taxes, and non-deferred acquisition costs?
Over 4 years (2021 to 2025), Globe Life's commissions, premium taxes, and non-deferred acquisition costs has grown at a 9.0% compound annual growth rate (CAGR), from $455.25M to $642.7M.
What does commissions, premium taxes, and non-deferred acquisition costs mean?
This metric captures immediate expenses related to acquiring new business that are not capitalized, including commissions and premium taxes. Unlike deferred costs, these are recognized immediately in the period they are incurred. It serves as a measure of the current cash-based cost of sales and regulatory tax burdens.

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