Globe Life Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	4,830	4,666	4,456	4,310	4,095	3,814
Total Interest & Dividend Income	1,131	1,136	1,057	991.8	956.69	927.06
Gain (Loss) on Sale of Investments	-21.08	-24.19	-65.68	-76.55	59.32	-4.37
Other Revenue	1.24	0.35	0.31	1.25	1.22	1.33
Total Revenue	5,941	5,778	5,448	5,227	5,112	4,738
Revenue Growth (YoY)	3.73%	6.07%	4.22%	2.24%	7.90%	4.65%
Policy Benefits	2,862	2,894	2,864	2,825	2,659	2,573
Policy Acquisition & Underwriting Costs	1,052	995.05	919.67	845.45	762.87	880.61
Selling, General & Administrative	15.7	15.7	19.2	9.4	10	9.8
Other Operating Expenses	369.18	357.45	316.2	315.81	283.62	252.07
Total Operating Expenses	4,351	4,303	4,150	4,032	3,746	3,751
Operating Income	1,590	1,475	1,297	1,195	1,366	986.66
Interest Expense	-141.69	-127.09	-102.32	-90.4	-83.49	-86.7
EBT Excluding Unusual Items	1,448	1,348	1,195	1,105	1,283	899.96
Legal Settlements	-29.18	-21.58	-0.9	-2.5	-8.14	-3.28
Pretax Income	1,419	1,327	1,194	1,102	1,275	896.68
Income Tax Expense	268.56	255.88	223.51	207.73	243.5	164.91
Earnings From Continuing Ops.	1,150	1,071	970.76	894.39	1,031	731.77
Net Income	1,150	1,071	970.76	894.39	1,031	731.77
Net Income to Common	1,150	1,071	970.76	894.39	1,031	731.77
Net Income Growth	5.50%	10.30%	8.54%	-13.26%	40.91%	-3.81%
Shares Outstanding (Basic)	83	89	95	98	102	106
Shares Outstanding (Diluted)	83	90	96	99	103	107
Shares Change (YoY)	-9.60%	-6.96%	-2.65%	-4.06%	-3.78%	-3.73%
EPS (Basic)	13.94	11.99	10.21	9.13	10.10	6.90
EPS (Diluted)	13.77	11.94	10.07	9.04	9.99	6.82
EPS Growth	16.72%	18.57%	11.39%	-9.51%	46.48%	-0.13%
Free Cash Flow	1,246	1,331	1,433	1,394	1,399	1,435
Free Cash Flow Per Share	14.92	14.85	14.87	14.09	13.56	13.38
Dividend Per Share	1.050	0.960	0.900	0.830	0.790	0.750
Dividend Growth	11.11%	6.67%	8.43%	5.06%	5.33%	8.70%
Operating Margin	26.76%	25.53%	23.82%	22.86%	26.73%	20.82%
Profit Margin	19.36%	18.53%	17.82%	17.11%	20.17%	15.45%
Free Cash Flow Margin	20.97%	23.04%	26.30%	26.68%	27.38%	30.28%
EBITDA	1,621	1,502	1,318	1,216	1,386	1,004
EBITDA Margin	27.29%	26.00%	24.20%	23.27%	27.12%	21.18%
D&A For EBITDA	31.5	27	21	21	20	17
EBIT	1,590	1,475	1,297	1,195	1,366	986.66
EBIT Margin	26.76%	25.53%	23.82%	22.86%	26.73%	20.82%
Effective Tax Rate	18.93%	19.29%	18.71%	18.85%	19.10%	18.39%
Revenue as Reported	5,941	5,778	5,448	5,227	5,112	4,738

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.