← GLOBE LIFE INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $3.9b | $4.2b | $4.3b | $4.5b | $4.7b | $5.1b | $5.2b | $5.4b | $5.8b | $6.0b | |
| Revenues: | |||||||||||
| Gross Profit | $782.9m | $807.0m | $865.5m | $910.7m | $901.1m | $853.1m | $982.9m | $1.3b | — | — | |
| Operating Income (Loss) | $787.3m | $821.2m | $870.6m | $920.1m | $905.4m | $865.0m | $990.7m | $1.3b | — | — | |
| Additional Financial Items | |||||||||||
| Other Income | $1.4m | $1.1m | $1.1m | $1.3m | $1.3m | $1.2m | $1.2m | $308k | $354k | $1.7m | |
| Realized Investment Gains (Losses) | ($10.7m) | $23.6m | $9.3m | $20.6m | ($3.7m) | $68.6m | ($76.5m) | ($65.7m) | ($24.2m) | ($27.8m) | |
| Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded | — | — | — | — | — | — | — | — | — | $0 | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | $1.3m | $1.0m | $22.9m | ($29.4m) | $15.1m | ($16.7m) | ($10.1m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | $1.4b | |
| Income (Loss) from Continuing Operations, Per Basic Share | $4 | $13 | $6 | $7 | $7 | $7 | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $4 | $12 | $6 | $7 | $7 | $7 | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | $931.3m | $896.7m | $912.4m | $906.3m | $1.2b | $1.3b | $1.4b | |
| Policyholder Benefits and Claims Incurred, Net | $2.1b | $2.2b | $2.3b | $2.4b | $2.6b | $2.9b | $2.9b | $2.9b | $2.9b | $2.9b | |
| Premiums Earned, Net | $3.1b | $3.3b | $3.4b | $3.6b | $3.8b | $4.1b | $4.3b | $4.5b | $4.7b | $4.9b | |
| Net Investment Income | $806.9m | $847.9m | $882.5m | $910.5m | $927.1m | $952.4m | $987.5m | $1.1b | $1.1b | $1.1b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $539.6m | $1.5b | $701.5m | $760.9m | $731.8m | $745.0m | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $10.2m | ($3.8m) | ($44k) | ($92k) | $0 | $0 | — | — | — | — | |
| Net Income (Loss) Attributable to Parent | $549.8m | $1.5b | $701.5m | $760.8m | $731.8m | $745.0m | $739.7m | $970.8m | $1.1b | $1.2b | |
| Earnings Per Share, Basic | $4.58 | $12.50 | $6.22 | $6.97 | $6.90 | $7.30 | $7.55 | $10.21 | $11.99 | $14.27 | |
| Earnings Per Share, Diluted | $4.49 | $12.22 | $6.09 | $6.83 | $6.82 | $7.22 | $7.47 | $10.07 | $11.94 | $14.07 | |
| Common Stock, Dividends, Per Share, Declared | $0.56 | $0.60 | $0.64 | $0.69 | — | $0.79 | $0.83 | $0.90 | $0.96 | $1.08 | |
| Weighted Average Number of Shares Outstanding, Basic | 120.0m | 116.3m | 112.9m | 109.2m | 106.1m | 102.1m | 97.9m | 95.1m | 89.3m | 81.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | 122.4m | 119.0m | 115.2m | 111.4m | 107.2m | 103.2m | 99.0m | 96.4m | 89.7m | 82.5m | |
| Expenses | |||||||||||
| Deferred Policy Acquisition Costs, Amortization Expense | $469.1m | $490.4m | $516.7m | $551.7m | $575.8m | $603.8m | $624.4m | $379.7m | $410.0m | $447.8m | |
| Interest Expense | $83.3m | $84.5m | $90.1m | $84.3m | $86.7m | $83.5m | $90.4m | $102.3m | $127.1m | $141.2m | |
| Other Cost and Expense, Operating | $232.1m | $257.3m | $279.6m | $304.8m | $301.0m | $322.0m | $354.0m | $347.8m | $419.1m | $442.4m | |
| Current Income Tax Expense (Benefit) | $132.8m | $138.3m | $134.6m | $134.9m | $129.6m | $144.7m | $138.2m | $145.9m | $218.1m | — | |
| General and Administrative Expense | $197.2m | $210.6m | $227.5m | $249.1m | $254.9m | $282.0m | $307.5m | $302.1m | — | — | |
| Labor and Related Expense | — | — | — | — | — | — | — | — | $129.4m | $137.0m | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $508.9m | $512.5m | $552.6m | $611.1m | $570.1m | — | — | — | — | — | |
| Nonoperating Income (Expense) | $4.3m | $14.1m | $5.2m | $9.4m | $4.3m | $11.9m | $7.8m | $5.1m | $2.6m | ($2.2m) | |
| Other General and Administrative Expense | — | — | — | — | — | — | — | — | $65.9m | $71.9m | |
| Income Tax Expense (Benefit) | $232.6m | ($627.6m) | $162.2m | $170.4m | $164.9m | $167.4m | $166.6m | $223.5m | $255.9m | $274.7m | |
| Benefits, Losses and Expenses | $3.2b | $3.3b | $3.4b | $3.6b | $3.8b | $4.2b | $4.3b | $4.3b | $4.5b | $4.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.