Globe Life Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	4,890	4,666	4,456	4,310	4,095
Total Interest & Dividend Income	1,130	1,136	1,057	991.8	956.69
Gain (Loss) on Sale of Investments	-27.79	-24.19	-65.68	-76.55	59.32
Other Revenue	1.69	0.35	0.31	1.25	1.22
Total Revenue	5,994	5,778	5,448	5,227	5,112
Revenue Growth (YoY)	3.74%	6.07%	4.22%	2.24%	7.90%
Policy Benefits	2,884	2,894	2,864	2,825	2,659
Policy Acquisition & Underwriting Costs	1,090	995.05	919.67	845.45	762.87
Selling, General & Administrative	-	15.7	19.2	9.4	10
Other Operating Expenses	442.37	357.45	316.2	315.81	283.62
Total Operating Expenses	4,417	4,303	4,150	4,032	3,746
Operating Income	1,577	1,475	1,297	1,195	1,366
Interest Expense	-141.22	-127.09	-102.32	-90.4	-83.49
EBT Excluding Unusual Items	1,436	1,348	1,195	1,105	1,283
Legal Settlements	-	-21.58	-0.9	-2.5	-8.14
Pretax Income	1,436	1,327	1,194	1,102	1,275
Income Tax Expense	274.74	255.88	223.51	207.73	243.5
Earnings From Continuing Ops.	1,161	1,071	970.76	894.39	1,031
Net Income	1,161	1,071	970.76	894.39	1,031
Net Income to Common	1,161	1,071	970.76	894.39	1,031
Net Income Growth	8.45%	10.30%	8.54%	-13.26%	40.91%
Shares Outstanding (Basic)	81	89	95	98	102
Shares Outstanding (Diluted)	83	90	96	99	103
Shares Change (YoY)	-7.96%	-6.96%	-2.65%	-4.06%	-3.78%
EPS (Basic)	14.27	11.99	10.21	9.13	10.10
EPS (Diluted)	14.07	11.94	10.07	9.04	9.99
EPS Growth	17.84%	18.57%	11.39%	-9.51%	46.48%
Free Cash Flow	-	1,331	1,433	1,394	1,399
Free Cash Flow Per Share	-	14.85	14.87	14.09	13.56
Dividend Per Share	1.080	0.960	0.900	0.830	0.790
Dividend Growth	12.50%	6.67%	8.43%	5.06%	5.33%
Operating Margin	26.31%	25.53%	23.82%	22.86%	26.73%
Profit Margin	19.37%	18.53%	17.82%	17.11%	20.17%
Free Cash Flow Margin	-	23.04%	26.30%	26.68%	27.38%
EBITDA	1,604	1,502	1,318	1,216	1,386
EBITDA Margin	26.76%	26.00%	24.20%	23.27%	27.12%
D&A For EBITDA	27	27	21	21	20
EBIT	1,577	1,475	1,297	1,195	1,366
EBIT Margin	26.31%	25.53%	23.82%	22.86%	26.73%
Effective Tax Rate	19.13%	19.29%	18.71%	18.85%	19.10%
Revenue as Reported	5,994	5,778	5,448	5,227	5,112

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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