financial statements

The full income statement, balance sheet, and cash-flow statement for Globe Life Inc. (GL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	5.99B YoY+3.7%	5.78B YoY+6.1%	5.45B YoY+4.2%	5.23B YoY+2.2%	5.11B YoY+7.9%
Gross profit	—	—	1.26B YoY+6.9%	1.18B YoY-3.0%	1.22B YoY+34.9%
Selling, general & administrative	—	—	302M YoY-1.8%	308M YoY+9.0%	282M YoY+10.6%
General & administrative	—	—	302M YoY-1.8%	308M YoY+9.0%	282M YoY+10.6%
Operating income	—	—	1.27B YoY+6.6%	1.19B YoY-3.3%	1.23B YoY+35.5%
Interest expense	141M YoY+11.1%	127M YoY+24.2%	102M YoY+13.2%	90.4M YoY+8.3%	83.5M YoY-3.7%
Other non-operating income	-2.18M YoY+16.7%	-2.62M YoY+37.2%	-4.17M YoY-178.5%	5.31M YoY-55.4%	11.9M YoY+176.2%
Pre-tax income	1.44B YoY+8.2%	1.33B YoY+11.1%	1.19B YoY+8.4%	1.10B YoY-13.5%	1.27B YoY+42.1%
Income tax	275M YoY+7.4%	256M YoY+14.5%	224M YoY+7.6%	208M YoY-14.7%	243M YoY+47.7%
	1.16B YoY+8.4%	1.07B YoY+10.3%	971M YoY+8.5%	894M YoY-13.3%	1.03B YoY+40.9%
Income from continuing operations	—	—	—	—	745M YoY+1.8%
	$14.07 YoY+17.8%	$11.94 YoY+18.6%	$10.07 YoY+11.4%	$9.04 YoY-9.5%	$9.99 YoY+46.5%
EPS (basic)	$14.27 YoY+19.0%	$11.99 YoY+17.4%	$10.21 YoY+11.8%	$9.13 YoY-9.6%	$10.10 YoY+46.4%
Weighted-avg shares (basic)	81.4M YoY-8.9%	89.3M YoY-6.1%	95.1M YoY-2.9%	97.9M YoY-4.1%	102M YoY-3.8%
Weighted-avg shares (diluted)	82.5M YoY-8.0%	89.7M YoY-7.0%	96.4M YoY-2.6%	99.0M YoY-4.1%	103M YoY-3.8%
Dividends per share	$1.08 YoY+12.5%	$0.96 YoY+6.7%	$0.90 YoY+8.4%	$0.83 YoY+5.1%	$0.79 YoY+5.3%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	145M YoY-12.5%	165M YoY+60.3%	103M YoY+11.4%	92.6M YoY+0.4%	92.2M YoY-2.8%
Short-term investments	315M YoY+270.1%	85.0M YoY+4.0%	81.7M YoY-28.4%	114M YoY+65.0%	69.1M YoY-35.8%
	30.8B YoY+6.0%	29.1B YoY+3.7%	28.1B YoY+7.9%	26.0B YoY-12.7%	29.8B YoY+2.5%
Property, plant & equipment	370M YoY+30.0%	284M YoY+18.5%	240M YoY+13.3%	212M	—
Goodwill	490M YoY+0.0%	490M YoY+1.8%	482M YoY+0.0%	482M YoY+0.0%	482M YoY+9.1%
Short-term & current debt	305M YoY-26.7%	415M	0.00 YoY-100.0%	166M YoY+10.5%	150M
	24.8B YoY+4.5%	23.8B YoY+0.9%	23.6B YoY+6.9%	22.0B YoY+4.3%	21.1B YoY+4.2%
Long-term debt	2.32B YoY-0.1%	2.32B YoY+42.6%	1.63B YoY+0.1%	1.63B YoY+5.3%	1.55B YoY-7.3%
	5.97B YoY+12.6%	5.31B YoY+18.2%	4.49B YoY+13.6%	3.95B YoY+97.1%	2.00B YoY-77.2%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	92.2M YoY-5.1%	97.2M YoY-4.9%	102M YoY-2.9%	105M YoY-3.7%	109M YoY-3.5%
Additional paid-in capital	536M YoY+1.6%	528M YoY-0.9%	532M YoY+0.5%	530M YoY+1.7%	521M YoY-1.3%
Retained earnings	8.55B YoY+6.8%	8.00B YoY+7.0%	7.48B YoY+8.5%	6.89B YoY+11.5%	6.18B YoY+5.2%
Treasury stock	1.43B YoY+10.6%	1.29B YoY+51.3%	854M YoY+8.2%	790M YoY-6.7%	847M YoY+9.5%
Accumulated other comprehensive income	-1.77B YoY+12.7%	-2.03B YoY+26.8%	-2.77B YoY+0.6%	-2.79B YoY-204.2%	2.68B YoY-11.6%
Total liabilities & equity	30.8B YoY+6.0%	29.1B YoY+3.7%	28.1B YoY+7.9%	26.0B YoY-12.7%	29.8B YoY+2.5%
Common shares issued	92.2M YoY-5.1%	97.2M YoY-4.9%	102M YoY-2.9%	105M YoY-3.7%	109M YoY-3.5%
Common shares outstanding	92.2M YoY-5.1%	97.2M YoY-4.9%	102M YoY-2.9%	105M YoY-3.7%	109M YoY-3.5%
Shares outstanding (cover)	79.6M YoY-5.2%	83.9M YoY-10.8%	94.1M YoY-3.2%	97.3M YoY-3.7%	101M YoY-3.5%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.40B YoY-0.4%	1.40B YoY-5.4%	1.48B YoY+4.2%	1.42B YoY-1.1%	1.44B YoY-2.6%
Depreciation & amortization	30.0M YoY+11.1%	27.0M YoY+28.6%	21.0M YoY+0.0%	21.0M YoY+5.0%	20.0M YoY+17.6%
Share-based compensation	53.4M YoY+33.0%	40.1M YoY+30.5%	30.7M YoY-13.8%	35.6M YoY+17.8%	30.3M YoY-15.7%
Deferred income taxes	—	37.7M YoY-51.4%	77.6M YoY+12.9%	68.8M YoY-30.9%	99.5M YoY+182.2%
	-644M YoY-0.3%	-642M YoY+30.7%	-926M YoY+1.8%	-943M YoY-3.2%	-913M YoY+22.7%
Capital expenditure	142M YoY+100.6%	71.0M YoY+43.4%	49.6M YoY+77.4%	27.9M YoY-27.0%	38.2M YoY-8.4%
Purchases of investments	1.31B YoY-35.0%	2.01B YoY+8.8%	1.85B YoY+8.2%	1.71B YoY+35.5%	1.26B YoY-17.4%
Sales/maturities of investments	1.13B YoY-25.5%	1.52B YoY+44.9%	1.05B YoY+12.1%	936M YoY+101.6%	464M YoY-9.4%
Other investing activities	0.00 YoY+100.0%	-96.0K	0.00	0.00 YoY-100.0%	56.7M YoY+704.1%
	-768M YoY-7.3%	-716M YoY-32.2%	-541M YoY-10.0%	-492M YoY+5.9%	-524M YoY-91.1%
Long-term debt issued	—	—	170M YoY-32.1%	250M YoY-22.9%	325M YoY-53.6%
Common stock issued	164M YoY+217.6%	51.8M YoY-54.6%	114M YoY+7.0%	107M YoY+52.7%	69.8M YoY+45.2%
Common stock repurchased	881M YoY-12.1%	1.00B YoY+96.1%	511M YoY+12.4%	455M YoY-16.0%	541M YoY+22.0%
Dividends paid	86.1M YoY+0.7%	85.5M YoY+1.6%	84.1M YoY+4.4%	80.5M YoY+0.6%	80.0M YoY+2.4%
FX effect on cash	-5.34M YoY-131.3%	17.1M YoY+507.4%	-4.19M YoY-130.7%	13.7M YoY+503.1%	-3.39M YoY-95.7%
Net change in cash	-20.6M YoY-133.2%	62.2M YoY+486.7%	10.6M YoY+2576.0%	396K YoY+114.8%	-2.68M YoY-114.2%
Interest paid	145M YoY+23.7%	117M YoY+17.5%	99.5M YoY+12.1%	88.8M YoY+6.9%	83.1M YoY-0.5%
Income taxes paid	141M YoY+9.8%	128M YoY+6.1%	121M	0.00 YoY-100.0%	96.2M YoY+25.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	11.1B YoY+18.9%	9.36B YoY-18.3%	11.5B YoY-2.3%	11.7B YoY+23.9%	9.46B YoY-4.8%
P/E	9.6× YoY+9.7%	8.7× YoY-28.9%	12.3× YoY+16.9%	10.5× YoY+14.7%	9.2× YoY-32.4%
P/S	1.9× YoY+14.6%	1.6× YoY-24.7%	2.2× YoY-5.0%	2.3× YoY+22.3%	1.9× YoY-11.7%
P/B	1.9× YoY+5.6%	1.8× YoY-29.3%	2.5× YoY-23.3%	3.3× YoY-31.1%	4.7× YoY+316.8%
P/FCF	8.9× YoY+26.3%	7.0× YoY-13.6%	8.1× YoY-3.0%	8.4× YoY+24.0%	6.8× YoY-2.4%
Earnings yield	10.4% YoY-8.8%	11.4% YoY+40.7%	8.1% YoY-14.4%	9.5% YoY-12.8%	10.9% YoY+48.0%
FCF yield	11.3% YoY-20.8%	14.2% YoY+15.7%	12.3% YoY+3.0%	11.9% YoY-19.4%	14.8% YoY+2.4%
Dividend yield	0.8% YoY-10.3%	0.9% YoY+16.4%	0.7% YoY+7.4%	0.7% YoY-18.3%	0.8% YoY+6.7%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: GL's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GL filings on SEC EDGAR → Not investment advice.

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About this data

financial statements