Globe Life Inc. (GLPD) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3700 SOUTH STONEBRIDGE DRIVE MCKINNEY, TX 75070 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6311 - Life Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 250 | 185 | 207 | 161 | 203 | 114 | |||
| Cash and cash equivalent | 165 | 103 | 93 | 92 | 95 | 76 | |||
| Short-term investments | 85 | 82 | 114 | 69 | 108 | 38 | |||
| Total current assets: | 250 | 185 | 207 | 161 | 203 | 114 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 284 | 240 | 212 | 205 | 186 | 161 | |||
| Long-term investments and receivables | 1,236 | 836 | 976 | 794 | 547 | 326 | |||
| Long-term investments | 1,236 | 836 | 976 | 794 | 547 | 326 | |||
| Intangible assets, net (including goodwill) | 490 | 482 | 482 | 482 | 442 | 442 | |||
| Goodwill | 490 | 482 | 482 | 482 | 442 | 442 | |||
| Total noncurrent assets: | 2,010 | 1,558 | 1,670 | 1,481 | 1,175 | 929 | |||
| Other undisclosed assets | 26,815 | 26,309 | 23,661 | 28,126 | 27,670 | 24,934 | |||
| TOTAL ASSETS: | 29,076 | 28,051 | 25,537 | 29,768 | 29,047 | 25,977 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 415 | 486 | 615 | 629 | 255 | 308 | |||
| Total current liabilities: | 415 | 486 | 615 | 629 | 255 | 308 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,324 | 1,630 | 1,628 | 1,546 | 1,668 | 1,349 | |||
| Long-term debt, excluding current maturities | 2,324 | 1,630 | 1,628 | 1,546 | 1,668 | 1,349 | |||
| Total noncurrent liabilities: | 2,324 | 1,630 | 1,628 | 1,546 | 1,668 | 1,349 | |||
| Other undisclosed liabilities | 21,031 | 21,449 | 18,399 | 18,949 | 18,353 | 17,026 | |||
| Total liabilities: | 23,771 | 23,565 | 20,641 | 21,125 | 20,276 | 18,683 | |||
| Equity | |||||||||
| Equity, attributable to parent | 5,306 | 4,487 | 4,896 | 8,643 | 8,771 | 7,294 | |||
| Common stock | 97 | 102 | 105 | 109 | 113 | 117 | |||
| Treasury stock, value | (1,292) | (854) | (790) | (847) | (773) | (751) | |||
| Additional paid in capital | 528 | 532 | 530 | 521 | 527 | 532 | |||
| Accumulated other comprehensive income (loss) | (2,030) | (2,772) | (1,416) | 2,678 | 3,029 | 1,845 | |||
| Retained earnings | 8,003 | 7,479 | 6,466 | 6,182 | 5,874 | 5,551 | |||
| Total equity: | 5,306 | 4,487 | 4,896 | 8,643 | 8,771 | 7,294 | |||
| TOTAL LIABILITIES AND EQUITY: | 29,076 | 28,051 | 25,537 | 29,768 | 29,047 | 25,977 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,778 | 5,448 | 5,215 | 5,113 | 4,738 | 4,528 | ||
| Premiums earned, net | 4,666 | 4,456 | 4,303 | 4,100 | 3,814 | 3,595 | ||
| Net investment income | 1,136 | 1,057 | 987 | 952 | 927 | 910 | ||
| Cost of revenue | (3,304) | (3,244) | (3,490) | (3,463) | (3,149) | (2,909) | ||
| Policyholder benefits and claims incurred, net | (2,894) | (2,864) | (2,865) | (2,860) | (2,573) | (2,357) | ||
| Deferred policy acquisition costs, amortization expense | (410) | (380) | (624) | (604) | (576) | (552) | ||
| Other undisclosed gross profit | (944) | (742) | (796) | (688) | (708) | |||
| Gross profit: | 2,474 | 1,260 | 983 | 853 | 901 | 911 | ||
| Operating expenses | (419) | |||||||
| Other undisclosed operating income (loss) | 5 | 8 | 12 | 4 | 9 | |||
| Operating income: | 2,054 | 1,265 | 991 | 865 | 905 | 920 | ||
| Nonoperating expense (Investment Income, Nonoperating) | (19) | (17) | (22) | (21) | (18) | (16) | ||
| Interest and debt expense | (102) | (90) | (9) | (1) | (84) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 10 | 112 | ||||||
| Income from continuing operations before equity method investments, income taxes: | 2,035 | 1,145 | 878 | 835 | 897 | 931 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (709) | 49 | 28 | 78 | ||||
| Income from continuing operations before income taxes: | 1,327 | 1,194 | 906 | 912 | 897 | 931 | ||
| Income tax expense | (256) | (224) | (167) | (167) | (165) | (170) | ||
| Income from continuing operations: | 1,071 | 971 | 740 | 745 | 732 | 761 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 745 | 732 | 761 | |
| Net income: | 1,071 | 971 | 740 | 745 | 732 | 761 | ||
| Other undisclosed net loss attributable to parent | (0) | |||||||
| Net income available to common stockholders, diluted: | 1,071 | 971 | 740 | 745 | 732 | 761 | ||
Comprehensive Income ($ in millions)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,071 | 971 | 740 | 745 | 732 | 761 | ||
| Other comprehensive income (loss) | (627) | 755 | (5,191) | (447) | 1,498 | 1,933 | ||
| Comprehensive income (loss): | 443 | 1,725 | (4,451) | 298 | 2,229 | 2,694 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,370 | (737) | 1,098 | 95 | (313) | (408) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,813 | 989 | (3,354) | 393 | 1,916 | 2,286 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.