GLOBE LIFE INC.

NYSELarge CapFinancials

13F Pro Quality Score

66.0/100

Rank #447 of 2,961 stocksTOP 25%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

41.2/100

Profitability

80.6/100

Balance Sheet

64.8/100

Earnings Quality

44.8/100

Free Cash Flow

72.7/100

Institutional Flow

95.2/100

Revenue Scale

80.7/100

Dilution Risk

60.5/100

Price Chart

Email me the moment this company reports earnings

AI Research Report

Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

Upgrade to Pro

Pro: 5 reports/month · Pro+: unlimitedOpinion, not investment advice. Do your own research.

What's Driving GL's Business? Latest 10-Q Breakdown

37/37 datapoints verified

AI-extracted from the 10-Q filed 2026-08-05 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Total revenue rose to $1.60B in Q2 2026 from $1.48B a year earlier, driven by 16% health premium growth to $437M on Medicare Supplement sales and approved rate increases, lifting net income 14% to $288M.

Biggest Revenue Drivers

Life premium$860.8M

American Income, Globe Life's largest life channel, grew life premium; DTC net sales declined amid reduced paid search volume

Health premium$436.9M

Higher premiums from strong growth in Medicare Supplement sales plus approved premium rate increases on individual Medicare Supplement policies

Biggest Revenue Drivers

Total revenue: $1,599.7M

Life premium$860.8M

American Income, Globe Life's largest life channel, grew life premium; DTC net sales declined amid reduced paid search volume

Health premium$436.9M

Higher premiums from strong growth in Medicare Supplement sales plus approved premium rate increases on individual Medicare Supplement policies

Within Health premium

United American$213.0M

Largest health distribution channel at 48% of health premium; net sales up on Medicare Advantage-to-Supplement migration

Net investment income$293.8M+4% YoY

Higher earned yields on fixed maturities, commercial mortgage loans and other long-term investments

Realized gains (losses)$7.1M

Versus a $18.6M loss in the prior-year quarter, aided by $8.5M of other gains

Largest Expense Items

Total policyholder benefits$798.3M

Health policyholder benefits rose to $277.0M from $229.9M, while life benefits fell to $514.0M on improved mortality

Commissions, premium taxes, and non-deferred acquisition costs$173.8M

Higher health commissions of $47.5M and non-deferred acquisition costs on sales growth

Amortization of deferred acquisition costs$120.5M

Life amortization of $104.7M plus health amortization of $15.9M on a growing in-force block

Other operating expense$116.3M

Higher information technology costs ($24.6M) and employee costs; legal costs fell to $3.9M

Margins: Life underwriting margin held at 41% of premium as net policy obligations improved to 35% from 37% on better mortality; health margin slipped to 23% from 24% as United American's mix carries higher policy obligations and group claims experience worsened.

Watch Items from the Filing

Fixed maturities carry $1,675.1M of gross unrealized losses against $311.3M of gains, with $8.2B of fair value in a loss position twelve months or longer.
Securities class action and multiple derivative suits stemming from short-seller reports remain pending; the Company states any loss cannot be reasonably estimated at this time.
Average producing agent count at American Income, the largest life channel, fell 5% to 11,228 on lower retention of new agents.
Unfunded investment fund commitments were $762M plus $354M in fixed maturities and $18M to commercial loan borrowers as of June 30, 2026.
Company repurchased 2.6 million shares for $378 million (average $146.99) in the first half, with $736 million remaining under authorization.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →