Form 8-K

8-K — GLOBE LIFE INC.

Accession: 0000320335-26-000143

Filed: 2026-04-22

Period: 2026-04-22

CIK: 0000320335

SIC: 6311 (LIFE INSURANCE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — gl-20260422.htm (Primary)

EX-99.1 (q1fy2026earningsrelease.htm)

GRAPHIC (globelifeheadera.gif)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — 8-K (Q1 2026 EARNINGS RELEASE)

8-K (Primary)

Filename: gl-20260422.htm · Sequence: 1

gl-20260422

0000320335falseChicago Stock Exchange, Inc.00003203352026-04-222026-04-220000320335us-gaap:CommonStockMemberexch:XNYS2026-04-222026-04-220000320335us-gaap:CommonStockMemberexch:XCHI2026-04-222026-04-220000320335us-gaap:SubordinatedDebtMember2026-04-222026-04-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 22, 2026

GLOBE LIFE INC.

(Exact name of registrant as specified in its charter)

Delaware 001-08052 63-0780404

(State or other jurisdiction

of incorporation)

(Commission

File No.)

(I.R.S. Employer

ID No.)

7677 Henneman Way, McKinney, Texas 75070

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (972) 569-4000

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a.-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, $1.00 par value per share GL

New York Stock Exchange

Common Stock, $1.00 par value per share GL NYSE Texas, Inc.

4.250% Junior Subordinated Debentures GL PRD New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On April 22, 2026, Globe Life Inc. issued a press release announcing its first quarter 2026 financial results. A copy of the press release is incorporated herein by reference and is provided as Exhibit 99.1.

In accordance with General Instruction B.2 of Form 8-K, the information included or incorporated in this report (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be set forth by specific reference in such filing.

Item 9.01 Financial Statement and Exhibits.

(a)Financial Statements of businesses or funds acquired.

Not applicable.

(b)Pro forma financial information.

Not applicable.

(c)Shell company transactions.

Not applicable

(d)Exhibits.

(99.1) Globe Life Inc. Q1 FY 2026 Press Release dated April 22, 2026

(104) Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 22, 2026

GLOBE LIFE INC.

/s/ Christopher T. Moore

Christopher T. Moore

Corporate Senior Vice President,

Associate Counsel and Corporate Secretary

EX-99.1

Filename: q1fy2026earningsrelease.htm · Sequence: 2

Document

GLOBE LIFE INC. REPORTS

First Quarter 2026 Results

McKinney, TX, April 22, 2026—Globe Life Inc. (NYSE: GL) reported today that for the quarter ended March 31, 2026, net income was $3.39 per diluted common share, compared with $3.01 per diluted common share for the year-ago quarter. Net operating income was $3.43 per diluted common share, compared with $3.07 per diluted common share for the year-ago quarter. The Company also increased full-year 2026 earnings guidance to a range of $15.40 to $15.90, an increase of $0.35 at the midpoint.

HIGHLIGHTS:

Net income as an ROE was 17.9% for the three months ended March 31, 2026. Book value per share was $77.03, an increase of 19% over the year-ago quarter.

Net operating income as an ROE excluding accumulated other comprehensive income (AOCI) was 14.0% for the three months ended March 31, 2026. Book value per share excluding AOCI was $98.56, an increase of 12% over the year-ago quarter.

Net income per share increased 13% and net operating income per share increased 12% over the year-ago quarter.

l Life net sales grew at each division, resulting in a 6% increase in total life net sales over the year-ago quarter.

At the American Income Life Division, life underwriting margin increased 7%, life premium increased 5%, and life net sales increased 3% over the year-ago quarter.

At the Liberty National Division, life net sales increased 13% and life underwriting margin increased 11% over the year-ago quarter. Additionally, the average producing agent count increased 9% over the year-ago quarter.

At the Family Heritage Division, health net sales increased 22%, health underwriting margin increased 11%, and health premium increased 10% over the year-ago quarter. Additionally, the average producing agent count increased 10% over the year-ago quarter.

At the Direct to Consumer Division, life underwriting margin increased 15% and life net sales increased 8% over the year-ago quarter.

At the United American Division, health net sales increased from $28 million to approximately $62 million and health underwriting margin increased from approximately $2 million to $5 million over the year-ago quarter. Health premium increased 22% over the year-ago quarter.

1.4 million shares of Globe Life Inc. common stock were repurchased during the quarter at a total cost of $203 million.

Note: As used in the earnings release, "Globe Life," the "Company," "we," "our," and "us" refer to Globe Life Inc., a Delaware corporation incorporated in 1979, its subsidiaries and affiliates.

GL Q1 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q1 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

RESULTS OF OPERATIONS

Net operating income, a non-GAAP(1) financial measure, has been used consistently by Globe Life’s management for many years to evaluate the operating performance of the Company, and is a measure commonly used in the life insurance industry. It differs from net income primarily because it excludes certain non-operating items such as realized investment gains and losses and certain significant and unusual items included in net income. Management believes an analysis of net operating income is important in understanding the profitability and operating trends of the Company’s business. Net income is the most directly comparable GAAP measure.

The following table represents Globe Life's operating summary for the three months ended March 31, 2026 and 2025:

Operating Summary

Per Share

Three Months Ended

March 31, Three Months Ended

March 31,

2026 2025 %

Chg. 2026 2025 %

Chg.

Insurance underwriting income(2)

$ 4.42 $ 3.98 11 $ 352,405 $ 336,315 5

Excess investment income(2)

0.46 0.42 10 36,654 35,870 2

Interest on debt (0.43) (0.41) 5 (34,000) (34,992) (3)

Parent company expense

(0.04) (0.04) (3,533) (3,050)

Income tax expense (0.85) (0.77) 10 (67,703) (64,891) 4

Stock compensation benefit (expense), net of tax (0.13) (0.12) (10,303) (9,915)

Net operating income 3.43 3.07 12 273,520 259,337 5

Reconciling items, net of tax:

Realized gain (loss)

(0.01) — (1,167) 67

Non-operating expenses — — (72) —

Legal proceedings

(0.02) (0.06) (1,755) (4,841)

Net income(3)

$ 3.39 $ 3.01 $ 270,526 $ 254,563

Weighted average diluted shares outstanding 79,741 84,480

(1)GAAP is defined as accounting principles generally accepted in the United States of America.

(2)Definitions included within this document.

(3)A GAAP-basis condensed consolidated statement of operations is included in the appendix of this report.

Note: Tables in this earnings release may not sum due to rounding.

GL Q1 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q1 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

MANAGEMENT VS. GAAP MEASURES

Shareholders' equity, excluding AOCI, and book value per share, excluding AOCI, are non-GAAP measures that are utilized by management to view the business without the effect of changes in AOCI, which are primarily attributable to fluctuation in interest rates. Management views the business in this manner because it creates more meaningful and easily identifiable trends, as we exclude fluctuations resulting from changes in interest rates. Shareholders' equity and book value per share are the most directly comparable GAAP measures.

Three Months Ended

March 31,

2026 2025

Net income

$ 270,526 $ 254,563

Net operating income

273,520 259,337

Net income as an ROE(1)

17.9 % 19.0 %

Net operating income as an ROE (excluding AOCI)(1)

14.0 % 14.1 %

March 31,

2026 2025

Shareholders' equity $ 6,084,596 $ 5,425,416

Impact of adjustment to exclude AOCI 1,700,791 1,970,873

Shareholders' equity, excluding AOCI $ 7,785,387 $ 7,396,289

Book value per share $ 77.03 $ 64.50

Impact of adjustment to exclude AOCI 21.53 23.42

Book value per share, excluding AOCI $ 98.56 $ 87.92

(1) Calculated using average shareholders' equity for the measurement period.

GL Q1 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q1 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

INSURANCE OPERATIONS:

Life insurance accounted for 79% of the Company’s insurance underwriting margin for the quarter and 67% of total premium revenue.

Health insurance accounted for 21% of the Company's insurance underwriting margin for the quarter and 33% of total premium revenue.

Net sales of life insurance increased 6% for the quarter, and net health sales increased 58%.

The following table summarizes Globe Life's premium revenue by product type for the three months ended March 31, 2026 and 2025:

Insurance Premium Revenue

Quarter Ended

March 31, 2026 March 31, 2025 %

Chg.

Life insurance $ 853,205 $ 829,863 3

Health insurance 416,908 369,791 13

Total $ 1,270,113 $ 1,199,654 6

INSURANCE UNDERWRITING INCOME

Insurance underwriting margin is management’s measure of profitability of the Company's life and health segments’ underwriting performance, and consists of premiums less policy obligations (excluding interest on policy liabilities), commissions and other acquisition expenses. Insurance underwriting income is the sum of the insurance underwriting margins of the life and health segments, plus annuity and other income, less administrative expenses. It excludes the investment segment, interest on debt, Parent Company expense, stock compensation expense and income taxes. Management believes this information helps provide a better understanding of the business and a more meaningful analysis of underwriting results by distribution channel. Insurance underwriting income, a non-GAAP measure, is a component of net operating income, which is reconciled to net income in the Results of Operations section above.

The following table summarizes Globe Life's insurance underwriting income by segment for the three months ended March 31, 2026 and 2025:

Insurance Underwriting Income

Quarter Ended

March 31, 2026 % of

Premium March 31, 2025 % of

Premium %

Chg.

Insurance underwriting margins:

Life $ 349,058 41 $ 337,264 41 3

Health 94,504 23 84,721 23 12

443,562 421,985 5

Annuity and other income

3,129 1,879

Administrative expenses (94,286) (87,549)

Insurance underwriting income $ 352,405 $ 336,315 5

Per share $ 4.42 $ 3.98 11

The ratio of administrative expenses to premium was 7.4%, compared with 7.3% for the year-ago quarter.

GL Q1 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q1 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

LIFE INSURANCE RESULTS BY DISTRIBUTION CHANNEL

Our distribution channels consist of the following exclusive divisions: American Income Life Division (American Income), Liberty National Division (Liberty National), Family Heritage Division (Family Heritage), Direct to Consumer Division (Direct to Consumer); and an independent agency, United American Division (United American).

Total premium, underwriting margins, first-year collected premium and net sales by all distribution channels are shown at https://investors.globelifeinsurance.com at "Financial Reports and Other Financial Information."

Life Underwriting Margin

Quarter Ended

March 31,

2026 2025

Amount % of Premium Amount % of Premium % Chg.

American Income $ 209,008 46 $ 196,169 45 7

Direct to Consumer 73,638 30 64,200 26 15

Liberty National 35,292 35 31,772 33 11

Other 31,120 62 45,123 90 (31)

Total $ 349,058 41 $ 337,264 41 3

Life Premium

Quarter Ended

March 31,

2026 2025 %

Chg.

American Income $ 459,200 $ 437,866 5

Direct to Consumer 244,223 245,600 (1)

Liberty National 99,885 96,182 4

Other 49,897 50,215 (1)

Total $ 853,205 $ 829,863 3

Life Net Sales(1)

Quarter Ended

March 31,

2026 2025 %

Chg.

American Income $ 101,337 $ 98,555 3

Direct to Consumer 27,188 25,175 8

Liberty National 25,358 22,469 13

Other 3,488 2,152 62

Total $ 157,371 $ 148,351 6

(1)Net sales is calculated as annualized premium issued, net of cancellations in the first thirty days after issue, except in the case of Direct to Consumer, where net sales is annualized premium issued at the time the first full premium is paid after any introductory offer period (typically 1 month) has expired. Management considers net sales to be a better indicator of the rate of premium growth than annualized premium issued since annualized premium issued is before cancellations, as cancellations do not contribute to premium income.

GL Q1 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q1 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

HEALTH INSURANCE RESULTS BY DISTRIBUTION CHANNEL

Health Underwriting Margin

Quarter Ended

March 31,

2026 2025

Amount % of Premium Amount % of Premium % Chg.

United American $ 5,281 3 $ 1,617 1 227

Family Heritage 43,745 36 39,249 35 11

Liberty National 25,670 54 25,982 54 (1)

American Income 18,771 60 19,389 63 (3)

Direct to Consumer 1,037 5 (1,516) (8)

Total $ 94,504 23 $ 84,721 23 12

Health Premium

Quarter Ended

March 31,

2026 2025 %

Chg.

United American $ 194,426 $ 159,848 22

Family Heritage 123,139 112,354 10

Liberty National 47,579 47,922 (1)

American Income 31,119 30,691 1

Direct to Consumer 20,645 18,976 9

Total $ 416,908 $ 369,791 13

Health Net Sales(1)

Quarter Ended

March 31,

2026 2025 %

Chg.

United American $ 61,534 $ 27,708 122

Family Heritage 32,713 26,816 22

Liberty National 6,968 7,198 (3)

American Income 4,317 4,870 (11)

Direct to Consumer 618 645 (4)

Total $ 106,150 $ 67,237 58

GL Q1 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q1 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

PRODUCING EXCLUSIVE AGENT COUNT RESULTS BY DISTRIBUTION CHANNEL

Quarterly Average

Producing Agent Count(1)

Quarter Ended Quarter Ended

March 31, December 31,

2026 2025 % Chg. 2025

American Income 11,064 11,510 (4) 11,699

Liberty National 4,031 3,688 9 3,965

Family Heritage 1,561 1,417 10 1,640

(1) The quarterly average producing agent count is based on the actual count at the beginning and end of each week during the period.

INVESTMENTS

Management uses excess investment income as the measure to evaluate the performance of the investment segment. It is defined as net investment income less the required interest attributable to policy liabilities. We also view excess investment income per diluted common share as an important and useful measure to evaluate performance of the investment segment, since it takes into consideration our stock repurchase program.

The following table summarizes Globe Life's investment income, excess investment income, and excess investment income per diluted common share.

Excess Investment Income

Quarter Ended

March 31,

2026 2025 %

Chg.

Net investment income $ 289,824 $ 280,614 3

Interest on policy liabilities(1)

(253,170) (244,744) 3

Excess investment income $ 36,654 $ 35,870 2

Per share $ 0.46 $ 0.42 10

(1)Interest on policy liabilities, at original discount rates, is a component of total policyholder benefits, a GAAP measure.

Net investment income increased 3% and average invested assets increased approximately 2%. Required interest on policy liabilities increased 3% and average policy liabilities increased 4%.

GL Q1 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q1 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

The composition of the investment portfolio at book value at March 31, 2026 is as follows:

Investment Portfolio

As of

March 31, 2026

Amount % of Total

Fixed maturities at fair value(1)

$ 17,579,376 86

Mortgage loans

461,025 2

Policy loans 749,108 4

Other long-term investments(2)

1,435,099 7

Short-term investments 183,790 1

Total $ 20,408,398

(1) As of March 31, 2026, fixed maturities at amortized cost were $19.1 billion, net of $3.3 million of allowance for credit losses.

(2) Includes $1.07 billion of investments accounted for under the fair value option which have a cost of $1.06 billion as of March 31, 2026.

Fixed maturities at amortized cost, net of allowance for credit losses, by asset class as of March 31, 2026 are as follows:

Fixed Maturity Portfolio by Sector

As of

March 31, 2026

Investment Grade Below Investment Grade Total Amortized Cost, net

Corporate bonds $ 14,672,909 $ 472,686 $ 15,145,595

Municipals 3,401,697 1,960 3,403,657

Government, agencies, and GSEs(1)

465,510 — 465,510

Other asset-backed securities 79,381 35,945 115,326

Total $ 18,619,497 $ 510,591 $ 19,130,088

(1) Government-Sponsored Enterprises

Below are fixed maturities available for sale by amortized cost, allowance for credit losses, and fair value at March 31, 2026 and the corresponding amounts of net unrealized gains and losses recognized in accumulated other comprehensive income (loss).

As of

Amortized

Cost Allowance for Credit Losses Net Unrealized Gains (Losses) Fair

Value

March 31, 2026

$ 19,133,385 $ (3,297) $ (1,550,712) $ 17,579,376

At amortized cost, net of allowance for credit losses, and at fair value, 97% of fixed maturities were rated “investment grade.” The fixed maturity portfolio earned an annual taxable equivalent effective yield of 5.32% during the first quarter of 2026, compared with 5.25% in the year-ago quarter.

Globe Life is not a party to any credit default swaps and does not participate in securities lending.

GL Q1 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q1 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

Comparable information for acquisitions of fixed maturity and other investments is as follows:

Fixed Maturity Acquisitions

Quarter Ended

March 31,

2026 2025

Amount $ 418,753 $ 244,845

Average annual effective yield 6.2 % 6.4 %

Average rating A A-

Average life (in years) to:

Next call 40.3 40.7

Maturity 42.1 43.1

Other Investment Acquisitions

Quarter Ended

March 31,

2026 2025

Limited partnerships

$ 11,453 $ 15,831

Mortgage loans

58,519 35,621

Common stock

1,574 502

Company owned life insurance

75,000 —

Total $ 146,546 $ 51,954

SHARE REPURCHASE:

During the quarter, the Company repurchased 1.4 million shares of Globe Life Inc. common stock at a total cost of $203 million and an average share price of $141.24.

LIQUIDITY/CAPITAL:

Globe Life's operations consist primarily of writing basic protection life and supplemental health insurance policies which generate strong and stable cash flows. These cash flows are not impacted by volatile equity markets. Liquidity at the Parent Company is sufficient to meet additional capital needs of the insurance companies.

NON-GAAP MEASURES:

In this news release, Globe Life includes non-GAAP measures to enhance investors' understanding of management's view of the business. The non-GAAP measures are not a substitute for GAAP, but rather a supplement to increase transparency by providing broader perspective. Globe Life's definitions of non-GAAP measures may differ from other companies' definitions. More detailed financial information, including various GAAP and non-GAAP measurements, is located at https://investors.globelifeinsurance.com on the Investors page under “Financial Reports and Other Financial Information."

GL Q1 2026 Earnings Release

CAUTION REGARDING FORWARD-LOOKING STATEMENTS:

This press release may contain forward-looking statements within the meaning of the federal securities laws. These prospective statements reflect management’s current expectations, but are not guarantees of future performance. Whether or not actual results differ materially from forward-looking statements may depend on numerous foreseeable and unforeseeable events or developments, which may be national in scope, related to the insurance industry generally, or applicable to the Company specifically. Such events or developments could include, but are not necessarily limited to:

1) Economic and other conditions, including the impact of inflation, immigration, geopolitical events, escalating tariff and non-tariff trade measures imposed by the U.S. and other countries, and other governmental actions on the U.S. economy and/or U.S. consumer confidence, leading to unexpected changes in lapse rates and/or sales of our policies, as well as levels of mortality, morbidity, and utilization of health care services that differ from Globe Life's assumptions;

2) Regulatory developments, including changes in accounting standards or governmental regulations (particularly those impacting taxes and changes to the Federal Medicare program that would affect Medicare Supplement);

3) Market trends in the senior-aged health care industry that provide alternatives to traditional Medicare (such as Health Maintenance Organizations and other managed care or private plans) and that could affect the sales of traditional Medicare Supplement insurance;

4) Interest rate changes that affect product sales, financing costs, and/or investment yields;

5) General economic, industry sector or individual debt issuers’ financial conditions (including developments and volatility arising from geopolitical events, particularly in certain industries that may compromise part of our investment portfolio) that may affect the current market value of securities we own, or that may impair an issuer’s ability to make principal and/or interest payments due on those securities;

6) Changes in the competitiveness of the Company's products and pricing;

7) Litigation results;

8) Levels of administrative and operational efficiencies that differ from our assumptions (including any reduction in efficiencies resulting from increased costs arising from the impact of higher than anticipated inflation);

9) The ability to obtain timely and appropriate premium rate increases for health insurance policies from our regulators;

10) The ability of our subsidiaries to pay dividends to the Parent Company and to receive required regulatory approvals on such amounts;

11) The customer response to new products and marketing initiatives;

12) Reported amounts in the consolidated financial statements which are based on management estimates and judgments which may differ from the actual amounts ultimately realized;

13) Compromise by a malicious actor or other event that causes a loss of secure data from, or inaccessibility to, our computer and other information technology systems;

14) The Company's ability to attract and retain agents;

15) The severity, magnitude, and impact of natural or man-made catastrophic events, including but not limited to pandemics, tornadoes, hurricanes, earthquakes, war and terrorism, on our operations and personnel, commercial activity and demand for our products; and

16) Globe Life’s ability to access the commercial paper and debt markets, particularly if such markets become unpredictable or unstable for a certain period.

Readers are also directed to consider other risks and uncertainties described in other documents on file with the Securities and Exchange Commission, including those described in the "Risk Factors" section of our most recent Annual Report on Form 10-K. Globe Life specifically disclaims any obligation to update or revise any forward-looking statement because of new information, future developments or otherwise.

GL Q1 2026 Earnings Release

EARNINGS RELEASE CONFERENCE CALL WEBCAST:

Globe Life will provide a live audio webcast of its first quarter 2026 earnings release conference call with financial analysts at 11:00 am (Eastern) tomorrow, April 23, 2026. Access to the live webcast and replay will be available at https://investors.globelifeinsurance.com on the Calls and Meetings page, at the Conference Calls on the Web icon. Immediately following this press release, supplemental financial reports will be available before the conference call on the Investors page menu of the Globe Life website at “Financial Reports.”

For additional information contact:

Mike Majors, Executive Vice President - Chief Strategy Officer

Globe Life Inc.

7677 Henneman Way

P.O. Box 8080

McKinney, Texas 75070-8080

Phone: 972-569-3627 or email: investors@globe.life

Website: https://investors.globelifeinsurance.com

GL Q1 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q1 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

APPENDIX

GLOBE LIFE INC.

GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended

March 31,

2026 2025

Revenue:

Life premium $ 853,205 $ 829,863

Health premium 416,908 369,791

Total premium 1,270,113 1,199,654

Net investment income 289,824 280,614

Realized gains (losses) (1,478) 85

Other income 1,160 69

Total revenue 1,559,619 1,480,422

Benefits and expenses:

Life policyholder benefits(1)

518,850 509,756

Health policyholder benefits(2)

263,734 233,929

Other policyholder benefits 7,000 7,080

Total policyholder benefits 789,584 750,765

Amortization of deferred acquisition costs 118,282 105,515

Commissions, premium taxes, and non-deferred acquisition costs 169,886 164,323

Other operating expense 113,735 108,746

Interest expense 34,000 34,992

Total benefits and expenses 1,225,487 1,164,341

Income before income taxes 334,132 316,081

Income tax benefit (expense) (63,606) (61,518)

Net income $ 270,526 $ 254,563

Basic net income per common share $ 3.45 $ 3.05

Diluted net income per common share $ 3.39 $ 3.01

(1) Net of total remeasurement gain of $18.9 million for the three months ended March 31, 2026, and a total remeasurement gain of $8.5 million for the same period in 2025.

(2)Net of a total remeasurement gain of $6.0 million for the three months ended March 31, 2026, and a total remeasurement gain of $0.4 million for the same period in 2025.

GL Q1 2026 Earnings Release

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Cover page

Apr. 22, 2026

Entity Listings [Line Items]

Document Type

8-K

Document Period End Date

Apr. 22, 2026

Entity Registrant Name

GLOBE LIFE INC.

Entity Incorporation, State or Country Code

Entity File Number

001-08052

Entity Tax Identification Number

63-0780404

Entity Address, Address Line One

7677 Henneman Way

Entity Address, City or Town

McKinney

Entity Address, State or Province

Entity Address, Postal Zip Code

75070

City Area Code

972

Local Phone Number

569-4000

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Entity Central Index Key

0000320335

Amendment Flag

false

Common Stock, $1.00 par value per share | New York Stock Exchange

Entity Listings [Line Items]

Title of 12(b) Security

Common Stock, $1.00 par value per share

Trading Symbol

Security Exchange Name

NYSE

Common Stock, $1.00 par value per share | NYSE Texas, Inc.

Entity Listings [Line Items]

Title of 12(b) Security

Common Stock, $1.00 par value per share

Trading Symbol

Security Exchange Name

CHX

4.250% Junior Subordinated Debentures

Entity Listings [Line Items]

Title of 12(b) Security

4.250% Junior Subordinated Debentures

Trading Symbol

GL PRD

Security Exchange Name

NYSE

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_EntityListingsLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

dei_EntityListingsExchangeAxis=exch_XNYS

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

dei_EntityListingsExchangeAxis=exch_XCHI

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_SubordinatedDebtMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type: