GL on NYSE

Globe Life

Logo: Globe Life Insurance, Public domain, via Wikimedia Commons5

American financial services company

Globe Life Inc. is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.3 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1900Founded1

Compare with F&G Annuities & Life, Inc., Jackson Financial Inc. or Brighthouse Financial, or pick any stock.

  • TickerGL on NYSE1
  • Industryfinancial sector, life insurance1
  • HeadquartersMcKinney1
  • Websitewww.torchmarkcorp.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address7677 Henneman Way, Mckinney, Tx 750706
  • Filer categoryLarge accelerated filer6
  • LEI5493001JFHKQOPP6XA714
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 8829744

Globe Life Inc. is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

19.4%Net margin9
3.7%Revenue growth, 20259
19.4%Return on equity9
0.39×Debt to equity9
$1.3BFree cash flow9

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs74¢$4.4B
  • Interest2¢$141.2M
  • Income tax5¢$274.7M
  • Profit19¢$1.2B

Out of $6.0B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Capital spending10¢$142.5M
  • Dividends paid6¢$86.1M
  • Share buybacks63¢$881.0M
  • Kept or used elsewhere21¢$286.9M

Out of $1.4B of cash from operations.9

Financial statements

Revenue101112139$6.0B in 2025+32% since 2019
0$2.0B$4.0B$6.0B2019: $4.5B$4.5B20192020: $4.7B$4.7B2020+5%2021: $5.1B$5.1B2021+8%2022: $5.2B$5.2B2022+2%2023: $5.4B$5.4B2023+4%2024: $5.8B$5.8B2024+6%2025: $6.0B$6.0B2025+4%
Gross profit101112$1.3B in 2023+38% since 2019
0$500.0M$1.0B$1.5B2019: $910.7M$910.7M20192020: $901.1M$901.1M2020−1%2021: $1.2B$1.2B2021+35%2022: $1.2B$1.2B2022−3%2023: $1.3B$1.3B2023+7%
Operating income101112$1.3B in 2023+37% since 2019
0$500.0M$1.0B$1.5B2019: $920.1M$920.1M20192020: $905.4M$905.4M2020−2%2021: $1.2B$1.2B2021+36%2022: $1.2B$1.2B2022−3%2023: $1.3B$1.3B2023+7%
Net income101112139$1.2B in 2025+53% since 2019
0$500.0M$1.0B$1.5B2019: $760.8M$760.8M20192020: $731.8M$731.8M2020−4%2021: $1.0B$1.0B2021+41%2022: $894.4M$894.4M2022−13%2023: $970.8M$970.8M2023+9%2024: $1.1B$1.1B2024+10%2025: $1.2B$1.2B2025+8%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Revenue$4.9B$4.7B$4.5B
Net investment income$1.1B$1.1B$1.1B
Realized gains (losses)-$27.8M-$24.2M-$65.7M
Other income$1.7M$354.0K$308.0K
Total revenue$6.0B$5.8B$5.4B
Total policyholder benefits$2.9B$2.9B$2.9B
Amortization of deferred acquisition costs$447.8M$410.0M$379.7M
Commissions, premium taxes, and non-deferred acquisition costs$642.7M$600.8M$559.2M
Other operating expense$442.4M$419.1M$347.8M
Interest expense$141.2M$127.1M$102.3M
Total benefits and expenses$4.6B$4.5B$4.3B
Income before income taxes$1.4B$1.3B$1.2B
Income tax benefit (expense)-$274.7M-$255.9M-$223.5M
Net income$1.2B$1.1B$970.8M
Basic net income per common share (in dollars per share)$14.27$11.99$10.21
Diluted net income per common share (in dollars per share)$14.07$11.94$10.07

Compare Globe Life with another company

Corporate structure

Globe Life sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Globe Life

  • Globe Life McKinney, Texas, United States
    • American Income Life Insurance Company Subsidiary · Indiana, United States
    • Family Heritage Life Insurance Company of America Subsidiary · Ohio, United States
    • Globe Life And Accident Insurance Company Subsidiary · Nebraska, United States
    • Liberty National Life Insurance Company Subsidiary · Nebraska, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Globe Life reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$615.0M9 Dec 31, 2025$527.0M9 Dec 31, 2024+16.7%
Accumulated depreciation$245.0M9 Dec 31, 2025$242.0M9 Dec 31, 2024+1.2%
Property and equipment, net$369.5M9 Dec 31, 2025$284.3M9 Dec 31, 2024+30.0%

Investments

ItemLatestA year beforeChange
Marketable securities, current$314.7M9 Dec 31, 2025$85.0M9 Dec 31, 2024+270.1%
Debt securities available for sale$17.6B9 Dec 31, 2025$17.2B9 Dec 31, 2024+2.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$490.4M9 Dec 31, 2025$490.4M9 Dec 31, 20240%

Properties, in its own words

Globe Life Inc., through its subsidiaries, owns or leases buildings across the U.S. that are used in the normal course of business. Globe Life Inc. occupies approximately 812,000 combined square feet in McKinney, Texas (headquarters) and at the Waco, Texas and Oklahoma City, Oklahoma campuses.

Item 2 of the 10-K filed Feb 25, 2026.17

The story

The original core of Globe Life, Liberty National Life Insurance Company was founded in 1900 as the Heralds of Liberty, a fraternal benefit society. The company was headquartered in Birmingham, Alabama, until 2006 when it moved to McKinney, Texas.

In 1980, Liberty National acquired Globe Life And Accident Insurance Company and formed the holding company Torchmark Corporation.

In 1981, Torchmark acquired United Investors Life Insurance Company (UIL), United American Insurance Company, and Waddell and Reed Financial.

In 1994, Torchmark acquired American Income Life Insurance Company.

In 1998, Torchmark spun off Waddell and Reed Financial, a mutual fund subsidiary.

In August 2001, a mutual fund company filed a civil racketeering suit against Torchmark Corporation, which accused Torchmark and its former chief executive of scheming to continue control over Waddell & Reed Financial Inc. after Torchmark spun it off in 1998. However, in a series of orders dated February 20, 2003, August 20, 2004, and September 28, 2004, the United States District Court for the Northern District of Kansas later granted summary judgment against plaintiff Waddell & Reed and in favor of Torchmark and the other defendants named in the action.

In 2006, Torchmark began moving its headquarters from Birmingham, Alabama to McKinney, Texas.

In 2010, Torchmark sold United Investors Life Insurance Company to Protective Life Corporation.

Read the full text

In 2012, TMK acquired Family Heritage Life Insurance Company of America. It was renamed Globe Life Family Heritage Division in 2019.

On February 5, 2014, Torchmark's subsidiary Globe Life purchased the naming rights of Globe Life Park in Arlington, formerly Rangers Ballpark in Arlington, the home of Major League Baseball's Texas Rangers Baseball Club located in Arlington, Texas. The naming rights were eventually transferred to Globe Life Field, the Rangers' new home park, alongside extending the naming rights through 2048.

On August 8, 2019, Torchmark Corporation was renamed Globe Life.

On April 11, 2024, Globe Life's share price experienced its biggest single-day decline, falling by 53.14% from $104.93 to $49.17. This came after Fuzzy Panda Research, which had taken a short position on the company, alleged that Globe Life committed numerous instances of insurance fraud, allegations which Globe Life rejected. The company completed a review of the allegations in July, and by August 29th, 2024, the share price had regained its value and closed at $104.98. On December 4, 2024, short seller Fuzzy Panda issued new claims that Globe Life had shuttered offices, suggesting a shrinking workforce, causing its stock to fall again. The company disputed the claims, issuing a statement that since the COVID-19 pandemic, they were transitioning to a virtual business model.

From Wikipedia’s article on Globe Life, shared under CC BY-SA 4.0.7

Leadership

Who has led Globe Life, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (58)

Products and brands

Globe Life Liberty National Division, McKinney, Texas

Globe Life And Accident Insurance Company, Oklahoma City, Oklahoma

United American Insurance Company, McKinney, Texas

American Income Life Insurance Company, Waco, Texas

Read the full text

Globe Life Insurance Company of New York, Syracuse, New York

Globe Life Family Heritage Division (previously known as Family Heritage Life Insurance Company of America)

From Wikipedia’s article on Globe Life, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

Subsidiaries (Exhibit 21)

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • TORCHMARK CORPFeb 22, 1994 to Aug 2, 20196

Timeline

  1. Aug 7, 20268-K Executive or director change86
  2. Jul 22, 20268-K Results of operations87
  3. Jun 29, 20268-K Entered a material agreement88
  4. May 4, 20268-K Executive or director change; Shareholder vote89
  5. Apr 22, 20268-K Results of operations90
  6. Feb 27, 20268-K Executive or director change91
  7. Feb 4, 20268-K Results of operations92
  8. Nov 6, 20258-K Executive or director change93
  9. Oct 22, 20258-K Results of operations94
  10. Jul 29, 20258-K Other events95
  11. Jul 23, 20258-K Results of operations96
  12. Jul 1, 20258-K New debt or obligation97
  13. Feb 23, 2023New chief executive Frank M. Svoboda becomes CEO19
  14. Jan 31, 2023New chief executive James Matthew Darden becomes CEO18
  15. Aug 7, 2012New chief executive Larry M. Hutchison becomes CEO21
  16. Aug 7, 2012New chief executive Gary L. Coleman becomes CEO20
  17. Apr 27, 2007New chief executive Mark S. McAndrew becomes CEO22
  18. 1900Founded Founded1

Calendar

Coming up

  1. Oct 21, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $4.81 a share, on Oct 22, 2025.98

When it reported results

  1. Jul 22, 2026Reported quarterly or annual results87
  2. Apr 22, 2026Reported quarterly or annual results90
  3. Feb 4, 2026Reported quarterly or annual results92
  4. Oct 22, 2025Reported quarterly or annual results94
  5. Jul 23, 2025Reported quarterly or annual results96
  6. Apr 30, 2025Reported quarterly or annual results99
  7. Feb 5, 2025Reported quarterly or annual results100
  8. Oct 23, 2024Reported quarterly or annual results101

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

560 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 54 major events, 347 insider forms, 17 large holders, 122 other. The latest 20:

  1. Sep 23, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  2. Sep 22, 2026144 EDGAR
  3. Aug 13, 2026144 EDGAR
  4. Aug 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Aug 7, 20268-K 8-K (DIRECTOR RETIREMENT) EDGAR
  6. Aug 5, 2026144 EDGAR
  7. Aug 5, 202610-Q 10-Q (Q2 2026) EDGAR
  8. Aug 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Aug 3, 202613F-HR EDGAR
  10. Jul 30, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  11. Jul 30, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  12. Jul 29, 2026144 EDGAR
  13. Jul 29, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Jul 27, 2026144 EDGAR
  15. Jul 24, 2026144 EDGAR
  16. Jul 22, 20268-K 8-K (Q2 2026 EARNINGS RELEASE) EDGAR
  17. Jun 30, 2026144 EDGAR
  18. Jun 30, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  19. Jun 29, 20268-K 8-K (2026 CREDIT AGREEMENT_TERM LOAN) EDGAR
  20. Jun 26, 202611-K 11-K (FY 2025)_AIL EDGAR

The 560 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

166 open-market trades by officers, directors and large owners since October 2021: 12 buys and 154 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 22, 2026Hensley Robert EdwardEVP & Chief Investment OfficerSale10,000$170.07$1.7MForm 4
Aug 7, 2026MITCHELL ROBERT BRIANEVP, General Counsel and CROSale23,000$183.34$4.2MForm 4
Jul 31, 2026Darden James MatthewCo-Chairman & CEOSale50,000$182.44$9.1MForm 4
Jul 30, 2026Kalmbach Thomas PeterEVP & CFOSale21,000$180.06$3.8MForm 4
Jul 29, 2026MAJORS MICHAEL CLAYEVP - Chief Strategy OfficerSale37,000$178.63$6.6MForm 4
Jul 28, 2026Kalmbach Thomas PeterEVP & CFOSale25,650$178.58$4.6MForm 4
Jun 30, 2026Skarjune Dolores LEVP and Chief Admin. OfficerSale1,850$179.18$331.5KForm 4
Jun 25, 2026Alston CherylDirectorSale8,258$179.24$1.5MForm 4
Jun 18, 2026Zorn Rebecca EEVP & Chief Talent OfficerSale2,000$170.10$340.2KForm 4
Jun 12, 2026Skarjune Dolores LEVP and Chief Admin. OfficerSale4,175$166.18$693.8KForm 4
Jun 12, 2026SVOBODA FRANK MCo-Chairman & CEOSale10,000$166.68$1.7MForm 4
Jun 11, 2026SVOBODA FRANK MCo-Chairman & CEOSale10,000$164.89$1.6MForm 4
May 29, 2026MITCHELL ROBERT BRIANEVP, General Counsel and CROSale600$155.55$93.3KForm 4
May 22, 2026Kalmbach Thomas PeterEVP & CFOSale7,936$156.59$1.2MForm 4
May 22, 2026SVOBODA FRANK MCo-Chairman & CEOSale20,000$156.68$3.1MForm 4
May 19, 2026Kalmbach Thomas PeterEVP & CFOSale11,903$156.61$1.9MForm 4
May 11, 2026Kalmbach Thomas PeterEVP & CFOSale15,637$153.65$2.4MForm 4
May 8, 2026Kalmbach Thomas PeterEVP & CFOSale11,790$152.03$1.8MForm 4
May 6, 2026HENRIE MICHAEL SHANESVP & Chief Accounting OfficerSale2,150$155.19$333.7KForm 4
May 5, 2026SVOBODA FRANK MCo-Chairman & CEOSale12,854$153.60$2.0MForm 4

All 166 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Frank M. Svoboda64$900.0K$9.5M109
2025J. Matthew Darden$900.0K$9.1M109
2025Thomas P. Kalmbach$684.1K$4.2M109
2025Michael C. Majors$534.8K$3.7M109
2025R. Brian Mitchell$557.7K$3.7M109
2025Robert E. Hensley$554.7K$3.0M109
2024Co-Chairman andChief Executive Officer$900.0K$8.7M109
2024Executive Vice President andChief Financial Officer$572.0K$3.4M109
2024Executive Vice PresidentGeneral Counsel and Chief Risk Officer$515.0K$3.0M109
2023Co-Chairman andChief Executive Officer$850.0K$7.2M109
2023Executive Vice PresidentGeneral Counsel and Chief Risk Officer$495.0K$3.0M109
2023Executive Vice President andChief Financial Officer$520.0K$2.8M109

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,528,883$987.9M0.0%−13,648
Vanguard Capital Management LLC5,080,734$907.8M0.0%−69,258
Invesco Ltd.4,619,219$825.4M0.1%+602,869
Vanguard Portfolio Management LLC4,181,598$747.2M0.0%−72,505
State Street Corp3,735,409$667.4M0.0%+76,745
Geode Capital Management, LLC2,804,413$500.4M0.0%+75,079
Dimensional Fund Advisors LP2,393,372$427.7M0.1%+40,180
Morgan Stanley1,940,584$346.7M0.0%+8,706
Aqr Capital Management LLC1,515,987$270.9M0.1%+318,085
Nuveen, LLC1,496,640$267.4M0.1%−2,207
Arrowstreet Capital, Limited Partnership1,440,836$257.4M0.1%+37,860
Pzena Investment Management LLC1,355,811$242.3M0.7%+329,565
Swedbank AB1,301,300$232.5M0.2%+192,100
Fmr LLC1,266,887$226.4M0.0%+216,923
Norges Bank915,219$163.5M0.0%New
Westfield Capital Management Co LP770,990$137.8M0.4%−71,433
Northern Trust Corp768,122$137.2M0.0%−16,786
Wellington Management Group Llp761,798$136.1M0.0%−561,683
Charles Schwab Investment Management Inc734,319$131.2M0.0%−11,298
Regions Financial Corp710,501$127.0M0.8%−31,409
Equity Investment Corp688,216$123.0M2.3%−129,090
Bank Of America Corp /de/680,759$121.6M0.0%+39,416
Nordea Investment Management Ab650,334$117.2M0.1%−139,543
Goldman Sachs Group Inc650,757$116.3M0.0%−27,094
Raymond James Financial Inc576,832$103.1M0.0%−29,383

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000+2.3%Report
Jul 10, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000−17.4%Report
Jun 17, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000+11.2%Report
Aug 5, 2024Susan M. CollinsRepublican, SenateSale$15,001 - $50,000−39.9%Report
Sep 8, 2023Lois FrankelDemocratic, HouseSale$1,001 - $15,000+19.7%Report
Jun 2, 2023Lois FrankelDemocratic, HousePartial sale$1,001 - $15,000+23.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Globe Life is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGLOBE LIFE INC.2
  • CIK0000320335
  • Employer ID (EIN)63-078040417
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inDelaware17
  • Fiscal year endsDecember 312
  • Industry code (SIC)6311 Life Insurance2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address7677 Henneman Way, Mckinney, TX 750702
  • Phone972-569-40002
  • Shares outstanding76,849,447 as of Jul 31, 202615
  • Public float$10.0B as of Jun 30, 202517
  • AuditorDeloitte & Touche LLP, Dallas, Texas PCAOB ID 34; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceJan 20, 19942
  • Filings3,083 in all: 4 (1,819), 8-K (284), 4/A (178), 10-Q (98), 13F-HR (97), 5 (64), 144 (62), 11-K (60)2
    All 56 form types

    3 (57), SC 13G/A (57), 10-K (33), DEF 14A (33), 424B5 (30), ARS (18), UPLOAD (18), S-8 (16), SC 13G (13), 8-K/A (12), FWP (12), CORRESP (10), 8-A12B (8), 10-Q/A (7), DEFA14A (7), S-3/A (7), S-3ASR (7), 5/A (6), SC 13D (6), PRE 14A (5), 13F-HR/A (4), S-8 POS (4), SC 13D/A (4), SC 14D1/A (4), 10-K/A (3), 11-K/A (3), 25-NSE (3), 3/A (3), S-3 (3), SCHEDULE 13G (3), SCHEDULE 13G/A (3), 305B2 (2), 424B2 (2), CERT (2), CERTNYS (2), NT 11-K (2), 144/A (1), ARS/A (1), CT ORDER (1), DEFS14A (1), POS AM (1), POS EX (1), POSASR (1), PRER14A (1), PRES14A (1), RW (1), S-3MEF (1), SC 14D1 (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Mar 19, 2026
    Latest 8-K (8-K) Aug 7, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $1.00 par value per shareGLNew York Stock Exchange
Common Stock, $1.00 par value per shareGLChicago Stock Exchange, Inc.
4.250% Junior Subordinated DebenturesGL PRDNew York Stock Exchange

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Globe Life names in Item 1A of its 10-K filed Feb 25, 2026: 23 risks under these headings, as written.17

  • Risks Related to Our Business
  • Business and Operational Risks
  • The development and maintenance of our various distribution channels are critical to growth in product sales and profits.
  • Our life insurance products are sold in niche markets. We are at risk should any of these markets diminish.
  • Actual or alleged misclassification of independent contractors at our insurance subsidiaries could result in adverse legal, tax or financial consequences.
  • The use of third-party vendors, including independent sales agents, to support the Company's operations makes the Company susceptible to the operational risk of those third parties, which could lower revenues, increase costs, reduce profits, disrupt business, or damage the Company’s reputation.
  • Financial and Strategic Risks
  • Our investments are subject to market and credit risks. Significant downgrades, delinquencies and defaults in our investment portfolio could potentially result in lower net investment income and increased realized and unrealized investment losses.
  • Our investment portfolio contains certain alternative investments that may be illiquid and volatile, which could negatively affect our investment income and liquidity.
  • Changes in interest rates could negatively affect income.
  • Our ability to fund operations is substantially dependent on available funds from our insurance subsidiaries.
  • We are subject to liquidity risks associated with sourcing a concentration of our funding from the FHLB.
The other 14 risks
  • Adverse capital and credit market conditions may significantly affect our ability to meet liquidity needs or access capital, as well as affect our cost of capital.
  • We have become subject to, and may in the future be subject to, short selling strategies driving down the market price of our common stock.
  • Industry Risks
  • Variations in actual-to-expected rates of mortality, morbidity and policyholder behavior could materially negatively affect our results of operations and financial condition.
  • A ratings downgrade or other negative action by a rating agency could materially affect our business, financial condition, and results of operations.
  • Obtaining timely and appropriate premium rate increases for certain supplemental health insurance policies is critical.
  • We are exposed to model risk, which is the risk of financial loss or reputational damage or adverse regulatory impacts caused by model errors or limitations, incorrect implementation of models, or misuse of or overreliance upon models.
  • Legal, Regulatory, and Compliance Risks
  • Recent volatility in the trading price of our common stock has and can be expected to result in securities class action litigation.
  • Our businesses are heavily regulated and changes in regulation or regulatory scrutiny may have a material adverse impact on our business, financial condition or results of operation.
  • Changes in accounting standards issued by accounting standard-setting bodies may affect our financial statements, reduce our reported profitability and change the timing of profit recognition.
  • Non-compliance with laws or regulations related to customer and consumer privacy and information security, including a failure to ensure that third parties with access to sensitive customer and consumer information maintain its confidentiality, could materially adversely affect our reputation and business operations.
  • General Risk Factors
  • The failure to maintain effective information systems or manage responsible use of emerging technologies, including artificial intelligence, could adversely affect our financial condition and results of operations at the Company.
  • Changes in U.S. federal income tax law could increase our tax costs or negatively impact our insurance subsidiaries' capital.
  • Damage to the brand and reputation of Globe Life or its subsidiaries could affect our ability to conduct business.
  • We may not meet expectations relating to corporate responsibility and sustainability standards and practices.

Legal proceedings

Discussion regarding litigation is provided in Note 5—Commitments and Contingencies.

The opening of Item 3, Legal Proceedings.17

Sources

The numbers on this page point here. Each one links to the record it came from.

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  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88
  89. 89
  90. 90
  91. 91
  92. 92
  93. 93
  94. 94
  95. 95
    SEC EDGAROther events
  96. 96
  97. 97
  98. 98
  99. 99
  100. 100
  101. 101
  102. 102
  103. 103
  104. 104
  105. 105
  106. 106
  107. 107
  108. 108
  109. 109