Globe Life : Quarter 1 2026 GAAP Income Statement
GL
Published on 04/22/2026 at 04:53 pm EDT
GLOBE LIFE INC.
Condensed Consolidated Statement of Operations (Dollar amounts in thousands, except per share data) (Unaudited)
Three Months Ended March 31,
2026
2025
Revenues:
Life premium
$ 853,205
$ 829,863
Health premium
416,908
369,791
Total premium
1,270,113
1,199,654
Net investment income
289,824
280,614
Realized gains (losses)
(1,478)
85
Other income
1,160
69
Total revenues
1,559,619
1,480,422
Benefits and expenses:
Life policyholder benefits(1!
518,850
509,756
Health policyholder benefits!2)
263,734
233,929
Other policy benefits
7,000
7,080
Total policy benefits
789,584
750,765
Amortization of deferred acquisition costs
118,282
105,515
Commissions and premium taxes
169,886
164,323
Insurance G&A
94,768
91,976
Parent expenses
5,364
4,751
Stock option expense
13,603
12,019
Interest expense
34,000
34,992
Total benefits and expenses
1,225,487
1,164,341
Income before income tax
334,132
316,081
Income tax expense
(63,606)
(61,518)
Net income
$ 270,526
$ 254,563
Basic net income per share
$ 3.45
$ 3.05
Diluted net income per share
$ 3.39
$ 3.01
Average shares outstanding
78,500
83,480
Diluted average shares outstanding
79,741
84,480
Reconciliation of Net Income to Net Operating Income:
Net Income
$ 270,526
$ 254,563
Realized (gain) loss, net of tax
1,167
(67)
Non-operating expenses, net of tax
72
Legal proceedings, net of tax
1,755
4,841
Net operating income
$ 273,520
$ 259,337
Basic net operating income per share
$ 3.48
$ 3.11
Diluted net operating income per share
$ 3.43
$ 3.07
Net of a remeasurement resulting in a gain of $18.9 million for the three months ended March 31, 2026, and a total remeasurement gain of
$8.5 million for the same period in 2025.
Net of a remeasurement resulting in a gain of $6.0 million for the three months ended March 31, 2026, and a total remeasurement gain of
$0.4 million for the same period in 2025.
Disclaimer
Globe Life Inc. published this content on April 22, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 22, 2026 at 20:52 UTC.