Form 8-K

8-K — GLOBE LIFE INC.

Accession: 0000320335-26-000203

Filed: 2026-07-22

Period: 2026-07-22

CIK: 0000320335

SIC: 6311 (LIFE INSURANCE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — gl-20260722.htm (Primary)

EX-99.1 (q2fy2026earningsrelease.htm)

GRAPHIC (globelifeheader.gif)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — 8-K (Q2 2026 EARNINGS RELEASE)

8-K (Primary)

Filename: gl-20260722.htm · Sequence: 1

gl-20260722

0000320335falseChicago Stock Exchange, Inc.00003203352026-07-222026-07-220000320335us-gaap:CommonStockMemberexch:XNYS2026-07-222026-07-220000320335us-gaap:CommonStockMemberexch:XCHI2026-07-222026-07-220000320335us-gaap:SubordinatedDebtMember2026-07-222026-07-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 22, 2026

GLOBE LIFE INC.

(Exact name of registrant as specified in its charter)

Delaware 001-08052 63-0780404

(State or other jurisdiction

of incorporation)

(Commission

File No.)

(I.R.S. Employer

ID No.)

7677 Henneman Way, McKinney, Texas 75070

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (972) 569-4000

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a.-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, $1.00 par value per share GL

New York Stock Exchange

Common Stock, $1.00 par value per share GL NYSE Texas, Inc.

4.250% Junior Subordinated Debentures GL PRD New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 22, 2026, Globe Life Inc. issued a press release announcing its second quarter 2026 financial results. A copy of the press release is incorporated herein by reference and is provided as Exhibit 99.1.

In accordance with General Instruction B.2 of Form 8-K, the information included or incorporated in this report (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be set forth by specific reference in such filing.

Item 9.01 Financial Statement and Exhibits.

(a)Financial statements of businesses or funds acquired.

Not applicable.

(b)Pro forma financial information.

Not applicable.

(c)Shell company transactions.

Not applicable

(d)Exhibits.

(99.1) Globe Life Inc. Q2 FY 2026 Press Release dated July 22, 2026

(104) Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 22, 2026

GLOBE LIFE INC.

/s/ Christopher T. Moore

Christopher T. Moore

Corporate Senior Vice President,

Associate Counsel and Corporate Secretary

EX-99.1

Filename: q2fy2026earningsrelease.htm · Sequence: 2

Document

GLOBE LIFE INC. REPORTS

Second Quarter 2026 Results

McKinney, TX, July 22, 2026—Globe Life Inc. (NYSE: GL) reported today that for the quarter ended June 30, 2026, net income was $3.65 per diluted common share, compared with $3.05 per diluted common share for the year-ago quarter. Net operating income was $3.61 per diluted common share, compared with $3.27 per diluted common share for the year-ago quarter. The Company also increased full-year 2026 earnings guidance to a range of $15.55 to $15.95, an increase of $0.10 at the midpoint.

HIGHLIGHTS:

l Net income per share increased 20% and net operating income per share increased 10% over the year-ago quarter. Globe Life has produced double-digit growth in net operating income per share in eight of the last nine quarters.

Net income as an ROE was 18.4% for the six months ended June 30, 2026. Book value per share was $78.18, an increase of 18% over the year-ago quarter.

Net operating income as an ROE excluding accumulated other comprehensive income (AOCI) was 14.3% for the six months ended June 30, 2026. Book value per share excluding AOCI was $100.04, an increase of 11% over the year-ago quarter.

l Total premium revenue grew 7% over the year-ago quarter.

At the American Income Life Division, life premium increased 5% and life underwriting margin increased 4% over the year-ago quarter.

At the Liberty National Division, life underwriting margin increased 10% and life net sales increased 6% over the year-ago quarter. Additionally, the average producing agent count increased 8% over the year-ago quarter.

At the Family Heritage Division, health underwriting margin increased 10%, health premium increased 9%, and health net sales increased 4% over the year-ago quarter. Additionally, the average producing agent count increased 7% over the year-ago quarter.

l At the Direct to Consumer Division, life underwriting margin increased 10% over the year-ago quarter.

l At the United American Division, health premium increased 29% and health net sales increased 10% over the year-ago quarter.

l 1.1 million shares of Globe Life Inc. common stock were repurchased during the quarter at a total cost of $175 million.

Note: As used in the earnings release, "Globe Life," the "Company," "we," "our," and "us" refer to Globe Life Inc., a Delaware corporation incorporated in 1979, its subsidiaries and affiliates.

GL Q2 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q2 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

RESULTS OF OPERATIONS

Net operating income, a non-GAAP(1) financial measure, has been used consistently by Globe Life’s management for many years to evaluate the operating performance of the Company, and is a measure commonly used in the life insurance industry. It differs from net income primarily because it excludes certain non-operating items such as realized investment gains and losses and certain significant and unusual items included in net income. Management believes an analysis of net operating income is important in understanding the profitability and operating trends of the Company’s business. Net income is the most directly comparable GAAP measure.

The following table represents Globe Life's operating summary for the three months ended June 30, 2026 and 2025:

Operating Summary

Per Share

Three Months Ended

June 30, Three Months Ended

June 30,

2026 2025 %

Chg. 2026 2025 %

Chg.

Insurance underwriting income(2)

$ 4.69 $ 4.28 10 $ 370,289 $ 354,176 5

Excess investment income(2)

0.49 0.42 17 38,315 34,828 10

Interest on debt (0.46) (0.42) 10 (36,050) (34,885) 3

Parent company expense

(0.06) (0.04) (4,569) (3,555)

Income tax expense (0.89) (0.82) 9 (70,202) (68,062) 3

Stock compensation benefit (expense), net of tax (0.17) (0.14) (13,098) (11,407)

Net operating income 3.61 3.27 10 284,685 271,095 5

Reconciling items, net of tax:

Realized gain (loss)

0.07 (0.18) 5,639 (14,674)

Legal proceedings

(0.03) (0.04) (2,577) (3,672)

Net income(3)

$ 3.65 $ 3.05 $ 287,747 $ 252,749

Weighted average diluted shares outstanding 78,909 82,793

(1)GAAP is defined as accounting principles generally accepted in the United States of America.

(2)Definitions included within this document.

(3)A GAAP-basis condensed consolidated statement of operations is included in the appendix of this report.

Note: Tables in this earnings release may not sum due to rounding.

GL Q2 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q2 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

MANAGEMENT VS. GAAP MEASURES

Shareholders' equity, excluding AOCI, and book value per share, excluding AOCI, are non-GAAP measures that are utilized by management to view the business without the effect of changes in AOCI, which are primarily attributable to fluctuation in interest rates. Management views the business in this manner because it creates more meaningful and easily identifiable trends, as we exclude fluctuations resulting from changes in interest rates. Shareholders' equity and book value per share are the most directly comparable GAAP measures.

Six Months Ended

June 30,

2026 2025

Net income

$ 558,273 $ 507,312

Net operating income

558,205 530,432

Net income as an ROE(1)

18.4 % 18.8 %

Net operating income as an ROE (excluding AOCI)(1)

14.3 % 14.4 %

June 30,

2026 2025

Shareholders' equity $ 6,155,815 $ 5,419,030

Impact of adjustment to exclude AOCI 1,721,729 1,983,868

Shareholders' equity, excluding AOCI $ 7,877,544 $ 7,402,898

Book value per share $ 78.18 $ 66.07

Impact of adjustment to exclude AOCI 21.86 24.19

Book value per share, excluding AOCI $ 100.04 $ 90.26

(1) Calculated using average shareholders' equity for the measurement period.

GL Q2 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q2 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

INSURANCE OPERATIONS:

Life insurance accounted for 78% of the Company’s insurance underwriting margin for the quarter and 66% of total premium revenue.

Health insurance accounted for 22% of the Company's insurance underwriting margin for the quarter and 34% of total premium revenue.

The following table summarizes Globe Life's premium revenue by product type for the three months ended June 30, 2026 and 2025:

Insurance Premium Revenue

Quarter Ended

June 30, 2026 June 30, 2025 %

Chg.

Life insurance $ 860,767 $ 839,544 3

Health insurance 436,855 378,099 16

Total $ 1,297,622 $ 1,217,643 7

INSURANCE UNDERWRITING INCOME

Insurance underwriting margin is management’s measure of profitability of the Company's life and health segments’ underwriting performance, and consists of premiums less policy obligations (excluding interest on policy liabilities), commissions and other acquisition expenses. Insurance underwriting income is the sum of the insurance underwriting margins of the life and health segments, plus annuity and other income, less administrative expenses. It excludes the investment segment, interest on debt, Parent Company expense, stock compensation expense and income taxes. Management believes this information helps provide a better understanding of the business and a more meaningful analysis of underwriting results by distribution channel. Insurance underwriting income, a non-GAAP measure, is a component of net operating income, which is reconciled to net income in the Results of Operations section above.

The following table summarizes Globe Life's insurance underwriting income by segment for the three months ended June 30, 2026 and 2025:

Insurance Underwriting Income

Quarter Ended

June 30, 2026 % of

Premium June 30, 2025 % of

Premium %

Chg.

Insurance underwriting margins:

Life $ 359,350 42 $ 340,074 41 6

Health 99,285 23 98,057 26 1

458,635 438,131 5

Annuity and other income

3,100 2,092

Administrative expenses (91,446) (86,047)

Insurance underwriting income $ 370,289 $ 354,176 5

Per share $ 4.69 $ 4.28 10

The ratio of administrative expenses to premium was 7.0%, compared with 7.1% for the year-ago quarter.

GL Q2 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q2 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

LIFE INSURANCE RESULTS BY DISTRIBUTION CHANNEL

Our distribution channels consist of the following exclusive divisions: American Income Life Division (American Income), Liberty National Division (Liberty National), Family Heritage Division (Family Heritage), Direct to Consumer Division (Direct to Consumer); and an independent agency, United American Division (United American).

Total premium, underwriting margins, first-year collected premium and net sales by all distribution channels are shown at https://investors.globelifeinsurance.com at "Financial Reports and Other Financial Information."

Life Underwriting Margin

Quarter Ended

June 30,

2026 2025

Amount % of Premium Amount % of Premium % Chg.

American Income $ 213,604 46 $ 204,533 46 4

Direct to Consumer 75,876 31 68,959 28 10

Liberty National 36,652 36 33,446 34 10

Other 33,218 67 33,136 66 —

Total $ 359,350 42 $ 340,074 41 6

Life Premium

Quarter Ended

June 30,

2026 2025 %

Chg.

American Income $ 466,334 $ 445,511 5

Direct to Consumer 244,220 246,223 (1)

Liberty National 100,516 97,263 3

Other 49,697 50,547 (2)

Total $ 860,767 $ 839,544 3

Life Net Sales(1)

Quarter Ended

June 30,

2026 2025 %

Chg.

American Income $ 94,733 $ 96,227 (2)

Direct to Consumer 26,578 31,096 (15)

Liberty National 26,131 24,615 6

Other 2,165 2,947

Total $ 149,607 $ 154,885 (3)

(1)Net sales is calculated as annualized premium issued, net of cancellations in the first thirty days after issue, except in the case of Direct to Consumer, where net sales is annualized premium issued at the time the first full premium is paid after any introductory offer period (typically 1 month) has expired. Management considers net sales to be a better indicator of premium growth than annualized premium issued since annualized premium issued is before cancellations, as cancellations do not contribute to premium income.

GL Q2 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q2 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

HEALTH INSURANCE RESULTS BY DISTRIBUTION CHANNEL

Health Underwriting Margin

Quarter Ended

June 30,

2026 2025

Amount % of Premium Amount % of Premium % Chg.

United American $ 10,914 5 $ 12,402 8 (12)

Family Heritage 45,087 36 40,927 35 10

Liberty National 23,145 49 24,372 51 (5)

American Income 18,221 59 19,325 62 (6)

Direct to Consumer 1,918 9 1,031 5

Total $ 99,285 23 $ 98,057 26 1

Health Premium

Quarter Ended

June 30,

2026 2025 %

Chg.

United American $ 211,416 $ 163,978 29

Family Heritage 126,273 115,856 9

Liberty National 47,403 47,631 —

American Income 30,805 31,422 (2)

Direct to Consumer 20,958 19,212 9

Total $ 436,855 $ 378,099 16

Health Net Sales(1)

Quarter Ended

June 30,

2026 2025 %

Chg.

United American $ 27,894 $ 25,454 10

Family Heritage 30,725 29,561 4

Liberty National 6,991 8,182 (15)

American Income 4,093 4,749 (14)

Direct to Consumer 696 786 (11)

Total $ 70,399 $ 68,732 2

GL Q2 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q2 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

PRODUCING EXCLUSIVE AGENT COUNT RESULTS BY DISTRIBUTION CHANNEL

Quarterly Average

Producing Agent Count(1)

Quarter Ended Quarter Ended

June 30, March 31,

2026 2025 % Chg. 2026

American Income 11,391 12,241 (7) 11,064

Liberty National 4,194 3,882 8 4,031

Family Heritage 1,608 1,498 7 1,561

(1) The quarterly average producing agent count is based on the actual count at the beginning and end of each week during the period.

INVESTMENTS

Management uses excess investment income as the measure to evaluate the performance of the investment segment. It is defined as net investment income less the required interest attributable to policy liabilities. We also view excess investment income per diluted common share as an important and useful measure to evaluate performance of the investment segment, since it takes into consideration our stock repurchase program.

The following table summarizes Globe Life's investment income, excess investment income, and excess investment income per diluted common share.

Excess Investment Income

Quarter Ended

June 30,

2026 2025 %

Chg.

Net investment income $ 293,820 $ 282,169 4

Required interest on policy liabilities(1)

(255,505) (247,341) 3

Excess investment income $ 38,315 $ 34,828 10

Per share $ 0.49 $ 0.42 17

(1)Interest on policy liabilities, at original discount rates, is a component of total policyholder benefits, a GAAP measure.

Net investment income increased 4% and average invested assets increased 2%. Required interest on policy liabilities increased 3% and average policy liabilities increased 4%.

GL Q2 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q2 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

The composition of the investment portfolio at book value at June 30, 2026 is as follows:

Investment Portfolio

As of

June 30, 2026

Amount % of Total

Fixed maturities at fair value(1)

$ 17,940,189 86

Mortgage loans

425,513 2

Policy loans 758,676 4

Other long-term investments(2)

1,466,858 7

Short-term investments 198,327 1

Total $ 20,789,563

(1) As of June 30, 2026, fixed maturities at amortized cost were $19.3 billion, net of $3.3 million of allowance for credit losses.

(2) Includes $1.10 billion of investments accounted for under the fair value option which have a cost of $1.08 billion as of June 30, 2026.

Fixed maturities at amortized cost, net of allowance for credit losses, by asset class as of June 30, 2026 are as follows:

Fixed Maturity Portfolio by Sector

As of

June 30, 2026

Investment Grade Below Investment Grade Total Amortized Cost, net

Corporate bonds $ 14,797,965 $ 470,927 $ 15,268,892

Municipals 3,423,079 1,959 3,425,038

Government, agencies, and GSEs(1)

464,427 — 464,427

Other asset-backed securities 102,711 42,930 145,641

Total $ 18,788,182 $ 515,816 $ 19,303,998

(1) Government-Sponsored Enterprises

Below are fixed maturities available for sale by amortized cost, allowance for credit losses, and fair value at June 30, 2026 and the corresponding amounts of net unrealized gains and losses recognized in accumulated other comprehensive income (loss).

As of

Amortized

Cost Allowance for Credit Losses Net Unrealized Gains (Losses) Fair

Value

June 30, 2026

$ 19,307,295 $ (3,297) $ (1,363,809) $ 17,940,189

At amortized cost, net of allowance for credit losses, and at fair value, 97% of fixed maturities were rated “investment grade.” The fixed maturity portfolio earned an annual taxable equivalent effective yield of 5.30% during the second quarter of 2026, compared with 5.29% in the year-ago quarter.

Globe Life is not a party to any credit default swaps and does not participate in securities lending.

GL Q2 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q2 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

Comparable information for acquisitions of fixed maturity and other investments is as follows:

Fixed Maturity Acquisitions

Quarter Ended

June 30,

2026 2025

Amount $ 399,143 $ 263,252

Average annual effective yield 6.3 % 6.4 %

Average rating A A

Average life (in years) to:

Next call 32.0 31.2

Maturity 36.1 33.8

Other Investment Acquisitions

Quarter Ended

June 30,

2026 2025

Limited partnerships

$ 63,728 $ 36,985

Mortgage loans

25,179 31,215

Common stock

2,340 1,342

Company owned life insurance

— —

Total $ 91,247 $ 69,542

SHARE REPURCHASES:

During the quarter, the Company repurchased 1.1 million shares of Globe Life Inc. common stock at a total cost of $175 million and an average share price of $154.28.

LIQUIDITY/CAPITAL:

Globe Life's operations consist primarily of writing basic protection life and supplemental health insurance policies which generate strong and stable cash flows. These cash flows are not impacted by volatile equity markets. Liquidity at the Parent Company is sufficient to meet additional capital needs of the insurance companies.

NON-GAAP MEASURES:

In this news release, Globe Life includes non-GAAP measures to enhance investors' understanding of management's view of the business. The non-GAAP measures are not a substitute for GAAP, but rather a supplement to increase transparency by providing broader perspective. Globe Life's definitions of non-GAAP measures may differ from other companies' definitions. More detailed financial information, including various GAAP and non-GAAP measurements, is located at https://investors.globelifeinsurance.com on the Investors page under “Financial Reports and Other Financial Information."

GL Q2 2026 Earnings Release

CAUTION REGARDING FORWARD-LOOKING STATEMENTS:

This press release may contain forward-looking statements within the meaning of the federal securities laws. These prospective statements reflect management’s current expectations, but are not guarantees of future performance. Whether or not actual results differ materially from forward-looking statements may depend on numerous foreseeable and unforeseeable events or developments, which may be national in scope, related to the insurance industry generally, or applicable to the Company specifically. Such events or developments could include, but are not necessarily limited to:

1) Economic and other conditions, including the impact of inflation, immigration, geopolitical events, escalating tariff and non-tariff trade measures imposed by the U.S. and other countries, and other governmental actions on the U.S. economy and/or U.S. consumer confidence, leading to unexpected changes in lapse rates and/or sales of our policies, as well as levels of mortality, morbidity, and utilization of health care services that differ from Globe Life's assumptions;

2) Regulatory developments, including changes in accounting standards or governmental regulations (particularly those impacting taxes and changes to the Federal Medicare program that would affect Medicare Supplement);

3) Market trends in the senior-aged health care industry that provide alternatives to traditional Medicare (such as Health Maintenance Organizations and other managed care or private plans) and that could affect the sales of traditional Medicare Supplement insurance;

4) Ratings changes with respect to our financial strength and credit ratings and potential adverse impacts to liquidity;

5) Interest rate changes that affect product sales, financing costs, and/or investment yields;

6) General economic, industry sector or individual debt issuers’ financial conditions (including developments and volatility arising from geopolitical events, particularly in certain industries that may compromise part of our investment portfolio) that may affect the current market value of securities we own, or that may impair an issuer’s ability to make principal and/or interest payments due on those securities;

7) Changes in the competitiveness of the Company's products and pricing;

8) Litigation results and regulatory actions;

9) Levels of administrative and operational efficiencies that differ from our assumptions (including any reduction in efficiencies resulting from increased costs arising from the impact of higher than anticipated inflation);

10) The ability to obtain timely and appropriate premium rate increases for health insurance policies from our regulators;

11) The ability of our subsidiaries to pay dividends to the Parent Company and to receive required regulatory approvals on such amounts;

12) The customer response to new products and marketing initiatives;

13) Reported amounts in the consolidated financial statements which are based on management estimates and judgments which may differ from the actual amounts ultimately realized;

14) Compromise by a malicious actor or other event that causes a loss of secure data from, or inaccessibility to, our computer and other information technology systems;

15) The Company's ability to attract and retain agents;

16) The severity, magnitude, and impact of natural or man-made catastrophic events, including but not limited to pandemics, tornadoes, hurricanes, earthquakes, war and terrorism, on our operations and personnel, commercial activity and demand for our products; and

17) Globe Life’s ability to access the commercial paper and debt markets, particularly if such markets become unpredictable or unstable for a certain period.

Readers are also directed to consider other risks and uncertainties described in other documents on file with the Securities and Exchange Commission, including those described in the "Risk Factors" section of our most recent Annual Report on Form 10-K. Globe Life specifically disclaims any obligation to update or revise any forward-looking statement because of new information, future developments or otherwise.

GL Q2 2026 Earnings Release

EARNINGS RELEASE CONFERENCE CALL WEBCAST:

Globe Life will provide a live audio webcast of its second quarter 2026 earnings release conference call with financial analysts at 11:00 am (Eastern) tomorrow, July 23, 2026. Access to the live webcast and replay will be available at https://investors.globelifeinsurance.com on the Calls and Meetings page, at the Conference Calls on the Web icon. Immediately following this press release, supplemental financial reports will be available before the conference call on the Investors page menu of the Globe Life website at “Financial Reports.”

For additional information contact:

Stephen Mota, Vice President - Investor Relations

Globe Life Inc.

7677 Henneman Way

P.O. Box 8080

McKinney, Texas 75070-8080

Phone: 972-569-3627 or email: investors@globe.life

Website: https://investors.globelifeinsurance.com

GL Q2 2026 Earnings Release

GLOBE LIFE INC.

Earnings Release—Q2 2026

(Dollar amounts in thousands, except share and per share data)

(Unaudited)

APPENDIX

GLOBE LIFE INC.

GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended

June 30, Six Months Ended

June 30,

2026 2025 2026 2025

Revenue:

Life premium $ 860,767 $ 839,544 $ 1,713,972 $ 1,669,407

Health premium 436,855 378,099 853,763 747,890

Total premium 1,297,622 1,217,643 2,567,735 2,417,297

Net investment income 293,820 282,169 583,644 562,783

Realized gains (losses) 7,138 (18,574) 5,660 (18,489)

Other income 1,150 49 2,310 118

Total revenue 1,599,730 1,481,287 3,159,349 2,961,709

Benefits and expenses:

Life policyholder benefits(1)

513,959 519,355 1,032,809 1,029,111

Health policyholder benefits(2)

277,012 229,924 540,746 463,853

Other policyholder benefits 7,280 6,719 14,280 13,799

Total policyholder benefits 798,251 755,998 1,587,835 1,506,763

Amortization of deferred acquisition costs 120,537 111,401 238,819 216,916

Commissions, premium taxes, and non-deferred acquisition costs 173,754 157,411 343,640 321,734

Other operating expense 116,251 108,293 229,986 217,039

Interest expense 36,050 34,885 70,050 69,877

Total benefits and expenses 1,244,843 1,167,988 2,470,330 2,332,329

Income before income taxes 354,887 313,299 689,019 629,380

Income tax benefit (expense) (67,140) (60,550) (130,746) (122,068)

Net income $ 287,747 $ 252,749 $ 558,273 $ 507,312

Basic net income per common share $ 3.71 $ 3.09 $ 7.16 $ 6.13

Diluted net income per common share $ 3.65 $ 3.05 $ 7.04 $ 6.07

(1)Net of total remeasurement gain of $23.5 million before tax for the three months ended June 30, 2026 and a total remeasurement gain of $16.7 million before tax for the same period in 2025. Net of total remeasurement gain of $42.4 million for the six months ended June 30, 2026, and a total remeasurement gain of $25.3 million for the same period in 2025.

(2)Net of total remeasurement gain of $1.3 million before tax for the three months ended June 30, 2026 and a total remeasurement gain of $3.9 million before tax for the same period in 2025. Net of a total remeasurement gain of $7.3 million for the six months ended June 30, 2026, and a total remeasurement gain of $4.3 million for the same period in 2025.

GL Q2 2026 Earnings Release

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v3.26.1

Cover page

Jul. 22, 2026

Entity Listings [Line Items]

Document Type

8-K

Document Period End Date

Jul. 22, 2026

Entity Registrant Name

GLOBE LIFE INC.

Entity Incorporation, State or Country Code

Entity File Number

001-08052

Entity Tax Identification Number

63-0780404

Entity Address, Address Line One

7677 Henneman Way

Entity Address, City or Town

McKinney

Entity Address, State or Province

Entity Address, Postal Zip Code

75070

City Area Code

972

Local Phone Number

569-4000

Written Communications

false

Soliciting Material

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Common Stock, $1.00 par value per share | New York Stock Exchange

Entity Listings [Line Items]

Title of 12(b) Security

Common Stock, $1.00 par value per share

Trading Symbol

Security Exchange Name

NYSE

Common Stock, $1.00 par value per share | NYSE Texas, Inc.

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Title of 12(b) Security

Common Stock, $1.00 par value per share

Trading Symbol

Security Exchange Name

CHX

4.250% Junior Subordinated Debentures

Entity Listings [Line Items]

Title of 12(b) Security

4.250% Junior Subordinated Debentures

Trading Symbol

GL PRD

Security Exchange Name

NYSE

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Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

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Area code of city

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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

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Address Line 1 such as Attn, Building Name, Street Name

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Name of the City or Town

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Code for the postal or zip code

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Name of the state or province.

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Indicate if registrant meets the emerging growth company criteria.

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-Publisher SEC

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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Two-character EDGAR code representing the state or country of incorporation.

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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-Publisher SEC

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-Number 240

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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-Section 13e

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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