Security
Globe Life Inc. 4.25% Junior Subordinated Debentures due 2061 · GL PRD
GL PRDNYSEPreferred stockCurrentCIK 320335Updated Oct 28, 2026
Name history
TORCHMARK CORP · through Aug 2, 2019
GL PRD price & chart
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In the news
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Recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
144 filing
144 filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
10-Q filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 30,527,616,000Source | 29,556,820,000Source | 31,562,519,000Source | 29,809,348,000Source | 28,298,806,000Source | 30,965,851,000Source | 29,705,259,000Source | 28,570,593,000Source | 30,813,692,000Source | 29,076,181,000Source | 28,051,499,000Source | 25,537,159,000Source |
| Property, Plant and Equipment, NetUSD | — | — | — | — | — | — | — | — | 369,533,000Source | 284,272,000Source | 239,897,000Source | — |
| GoodwillUSD | 490,446,000Source | 490,446,000Source | 490,446,000Source | 490,446,000Source | 481,791,000Source | 490,446,000Source | 490,446,000Source | 481,791,000Source | 490,446,000Source | 490,446,000Source | 481,791,000Source | 481,791,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 24,838,528,000Source | 24,918,195,000Source | 25,406,704,000Source | 24,390,318,000Source | 23,071,052,000Source | 24,881,255,000Source | 24,279,843,000Source | 23,531,432,000Source | 24,839,113,000Source | 23,770,661,000Source | 23,564,696,000Source | 20,641,298,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 97,218,000Source | 102,218,000Source | 92,218,000Source | 97,218,000Source | 102,218,000Source | 92,218,000Source | 97,218,000Source | 102,218,000Source | 92,218,000Source | 97,218,000Source | 102,218,000Source | 105,218,000Source |
| Additional Paid in CapitalUSD | 552,509,000Source | 543,255,000Source | 536,347,000Source | 538,050,000Source | 534,028,000Source | 524,229,000Source | 524,041,000Source | 526,862,000Source | 536,363,000Source | 527,795,000Source | 532,474,000Source | 529,661,000Source |
| Retained Earnings (Accumulated Deficit)USD | 8,812,765,000Source | 8,225,030,000Source | 9,037,395,000Source | 8,453,893,000Source | 7,943,415,000Source | 8,786,392,000Source | 8,224,948,000Source | 7,706,655,000Source | 8,546,807,000Source | 8,002,521,000Source | 7,478,813,000Source | 6,466,220,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,972,891,000Source | -2,484,743,000Source | -1,721,729,000Source | -1,983,868,000Source | -2,189,620,000Source | -1,700,791,000Source | -1,970,873,000Source | -2,467,236,000Source | -1,771,444,000Source | -2,029,720,000Source | -2,772,419,000Source | -1,415,714,000Source |
| Stockholders' Equity Attributable to ParentUSD | 5,689,088,000Source | 4,638,625,000Source | 6,155,815,000Source | 5,419,030,000Source | 5,227,754,000Source | 6,084,596,000Source | 5,425,416,000Source | 5,039,161,000Source | 5,974,579,000Source | 5,305,520,000Source | 4,486,803,000Source | 4,895,861,000Source |
| Liabilities and EquityUSD | 30,527,616,000Source | 29,556,820,000Source | 31,562,519,000Source | 29,809,348,000Source | 28,298,806,000Source | 30,965,851,000Source | 29,705,259,000Source | 28,570,593,000Source | 30,813,692,000Source | 29,076,181,000Source | 28,051,499,000Source | 25,537,159,000Source |
| Additional Financial Items | ||||||||||||
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 935,061,000Source | 778,625,000Source | 540,891,000Source | 708,978,000Source |
| Long-term Debt, Current MaturitiesUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 165,500,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 2,320,013,000Source | 2,323,676,000Source | 2,665,296,000Source | 2,325,642,000Source | 1,630,396,000Source | 2,321,537,000Source | 2,324,945,000Source | 1,629,978,000Source | 2,320,793,000Source | 2,324,251,000Source | 1,629,559,000Source | 1,627,952,000Source |
| Short-term InvestmentsUSD | 62,824,000Source | 100,501,000Source | 198,327,000Source | 116,724,000Source | 100,560,000Source | 183,790,000Source | 134,066,000Source | 58,413,000Source | 314,711,000Source | 85,035,000Source | 81,740,000Source | 114,121,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | — | — | 53,355,000Source | 40,118,000Source | 30,736,000Source | 35,650,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | — | 37,740,000Source | 77,631,000Source | 28,359,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 420,938,000Source | 431,887,000Source | 1,396,391,000Source | 1,402,440,000Source | 1,482,425,000Source | 1,422,194,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -281,264,000Source | -239,954,000Source | -643,618,000Source | -641,516,000Source | -926,149,000Source | -943,015,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | — | — | 0Source | -96,000Source | 0Source | 0Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 24,911,000Source | 11,746,000Source | 142,484,000Source | 71,045,000Source | 49,553,000Source | 27,929,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 240,465,000Source | 264,544,000Source | 880,983,000Source | 1,002,109,000Source | 511,100,000Source | 454,638,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -29,632,000Source | -124,464,000Source | -768,052,000Source | -715,835,000Source | -541,487,000Source | -492,453,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 110,505,000Source | 66,945,000Source | -20,621,000Source | 62,169,000Source | 10,597,000Source | 396,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 302,716,000Source | 134,549,000Source | 257,054,000Source | 239,122,000Source | 255,209,000Source | 232,270,000Source | 144,704,000Source | 165,325,000Source | 103,156,000Source | 92,559,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | 144,680,000Source | 116,993,000Source | 99,545,000Source | 88,814,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 140,926,000Source | 47,000,000Source | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | 463,000Source | -524,000Source | -5,342,000Source | 17,080,000Source | -4,192,000Source | 13,670,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 14,603,000Source | 9,233,000Source | 16,974,000Source | 14,043,000Source | 13,603,000Source | 12,019,000Source | 53,355,000Source | 40,118,000Source | 30,736,000Source | 35,650,000Source |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecordedUSD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | — | — |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | — | -11,686,000Source | 257,000Source | 2,464,000Source | -12,837,000Source | -717,000Source | 788,000Source | -30,447,000Source | -11,563,000Source | -77,301,000Source | -32,552,000Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | — | — | 114,074,000Source | 104,310,000Source | 120,537,000Source | 111,401,000Source | 118,282,000Source | 105,515,000Source | 447,760,000Source | 410,001,000Source | 379,700,000Source | 624,407,000Source |
| DepreciationUSD | — | — | — | — | — | — | — | — | 30,000,000Source | 27,000,000Source | 21,000,000Source | 21,000,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | 5,958,000Source | -3,683,000Source | -3,055,000Source | -8,476,000Source | 5,571,000Source | 2,371,000Source | -10,074,000Source | -16,717,000Source | 15,102,000Source | -29,353,000Source |
| Gain (Loss) on Sale of InvestmentsUSD | — | — | — | — | — | — | — | — | -27,788,000Source | -24,188,000Source | -65,676,000Source | -76,548,000Source |
| Gain (Loss) on Sale of Mortgage LoansUSD | — | — | -4,526,000Source | -1,376,000Source | -110,000Source | -126,000Source | -141,000Source | 433,000Source | -2,817,000Source | -3,972,000Source | -5,603,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| General and Administrative ExpenseUSD | — | — | — | 89,195,000Source | — | — | — | — | — | — | 302,061,000Source | 307,516,000Source |
| GoodwillUSD | — | — | 490,446,000Source | 490,446,000Source | 490,446,000Source | 490,446,000Source | 490,446,000Source | 490,446,000Source | 490,446,000Source | 490,446,000Source | 481,791,000Source | 481,791,000Source |
| Income Tax Expense (Benefit)USD | — | — | 89,259,000Source | 73,964,000Source | 67,140,000Source | 60,550,000Source | 63,606,000Source | 61,518,000Source | 274,737,000Source | 255,875,000Source | 223,511,000Source | 166,607,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 387,843,000Source | 302,994,000Source | 287,747,000Source | 252,749,000Source | 270,526,000Source | 254,563,000Source | 1,161,238,000Source | 1,070,762,000Source | 970,755,000Source | 739,704,000Source |
| Nonoperating Income (Expense)USD | — | — | -498,000Source | -637,000Source | 0Source | — | -91,000Source | 0Source | -2,183,000Source | 2,620,000Source | 5,070,000Source | 7,807,000Source |
| Payments to Acquire InvestmentsUSD | — | — | — | — | — | — | 563,529,000Source | 287,418,000Source | 1,308,208,000Source | 2,013,563,000Source | 1,850,932,000Source | 1,710,702,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 21,397,000Source | 81,394,000Source | 164,448,000Source | 51,786,000Source | 114,080,000Source | 106,592,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | — | — | — | — | 170,000,000Source | 250,492,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | — | — | — | — | — | — | 92,053,000Source | 58,796,000Source | 313,676,000Source | 214,442,000Source | 250,652,000Source | 462,002,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | 164,448,000Source | 51,786,000Source | 114,080,000Source | 106,592,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | — | — | 404,000Source | 1,376,000Source | 110,000Source | 110,000Source | 141,000Source | -248,000Source | -852,000Source | 3,972,000Source | 1,883,000Source | — |
| Realized Investment Gains (Losses)USD | — | — | -4,987,000Source | -2,192,000Source | 7,138,000Source | -18,574,000Source | -1,478,000Source | 85,000Source | -27,788,000Source | -24,188,000Source | -65,676,000Source | -76,548,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 1,512,988,000Source | 1,455,407,000Source | 1,599,730,000Source | 1,481,287,000Source | 1,559,619,000Source | 1,480,422,000Source | 5,994,318,000Source | 5,778,069,000Source | 5,447,533,000Source | 5,214,906,000Source |
| Operating Income (Loss)USD | — | — | — | 383,116,000Source | — | — | — | — | — | — | 1,265,012,000Source | 990,666,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 477,102,000Source | 376,958,000Source | 354,887,000Source | 313,299,000Source | 334,132,000Source | 316,081,000Source | 1,435,975,000Source | 1,326,637,000Source | 1,194,266,000Source | 906,311,000Source |
| Income Tax Expense (Benefit)USD | — | — | 89,259,000Source | 73,964,000Source | 67,140,000Source | 60,550,000Source | 63,606,000Source | 61,518,000Source | 274,737,000Source | 255,875,000Source | 223,511,000Source | 166,607,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 387,843,000Source | 302,994,000Source | 287,747,000Source | 252,749,000Source | 270,526,000Source | 254,563,000Source | 1,161,238,000Source | 1,070,762,000Source | 970,755,000Source | 739,704,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 4.81Source | 3.45Source | 3.71Source | 3.09Source | 3.45Source | 3.05Source | 14.27Source | 11.99Source | 10.21Source | 7.55Source |
| Earnings Per Share, DilutedUSD per share | — | — | 4.73Source | 3.44Source | 3.65Source | 3.05Source | 3.39Source | 3.01Source | 14.07Source | 11.94Source | 10.07Source | 7.47Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 80,692,558Source | 87,874,488Source | 77,460,371Source | 81,915,162Source | 78,500,338Source | 83,479,997Source | 81,376,845Source | 89,278,574Source | 95,098,474Source | 97,927,770Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 82,015,446Source | 88,087,041Source | 78,909,152Source | 82,792,661Source | 79,740,525Source | 84,480,113Source | 82,524,992Source | 89,661,422Source | 96,363,841Source | 98,984,644Source |
| Additional Financial Items | ||||||||||||
| Benefits, Losses and ExpensesUSD | — | — | 1,035,886,000Source | 1,078,449,000Source | 1,244,843,000Source | 1,167,988,000Source | 1,225,487,000Source | 1,164,341,000Source | 4,558,343,000Source | 4,451,432,000Source | 4,253,267,000Source | 4,308,595,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.27Source | 0.24Source | 0.33Source | 0.27Source | 0.33Source | 0.27Source | 1.08Source | 0.96Source | 0.9Source | 0.83Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | — | 218,135,000Source | 145,880,000Source | 138,248,000Source |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecordedUSD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | — | — |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | — | — | 114,074,000Source | 104,310,000Source | 120,537,000Source | 111,401,000Source | 118,282,000Source | 105,515,000Source | 447,760,000Source | 410,001,000Source | 379,700,000Source | 624,407,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | 5,958,000Source | -3,683,000Source | -3,055,000Source | -8,476,000Source | 5,571,000Source | 2,371,000Source | -10,074,000Source | -16,717,000Source | 15,102,000Source | -29,353,000Source |
| General and Administrative ExpenseUSD | — | — | — | 89,195,000Source | — | — | — | — | — | — | 302,061,000Source | 307,516,000Source |
| Gross ProfitUSD | — | — | — | 379,150,000Source | — | — | — | — | — | — | 1,259,942,000Source | 982,859,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 1,400,000,000Source | — | — | — |
| Interest ExpenseUSD | — | — | 36,134,000Source | 31,388,000Source | 36,050,000Source | 34,885,000Source | 34,000,000Source | 34,992,000Source | 141,221,000Source | 127,092,000Source | 102,316,000Source | 90,395,000Source |
| Labor and Related ExpenseUSD | — | — | 34,265,000Source | 33,377,000Source | 34,340,000Source | 34,677,000Source | 35,379,000Source | 33,688,000Source | 137,015,000Source | 129,369,000Source | — | — |
| Net Investment IncomeUSD | — | — | 286,013,000Source | 284,964,000Source | 293,820,000Source | 282,169,000Source | 289,824,000Source | 280,614,000Source | 1,130,198,000Source | 1,135,631,000Source | 1,056,884,000Source | 987,499,000Source |
| Nonoperating Income (Expense)USD | — | — | -498,000Source | -637,000Source | 0Source | — | -91,000Source | 0Source | -2,183,000Source | 2,620,000Source | 5,070,000Source | 7,807,000Source |
| Other Cost and Expense, OperatingUSD | — | — | 111,562,000Source | 104,874,000Source | 116,251,000Source | 108,293,000Source | 113,735,000Source | 108,746,000Source | 442,368,000Source | 419,143,000Source | 347,833,000Source | 353,954,000Source |
| Other General and Administrative ExpenseUSD | — | — | 18,797,000Source | 16,869,000Source | 20,074,000Source | 16,581,000Source | 20,072,000Source | 16,375,000Source | 71,888,000Source | 65,852,000Source | — | — |
| Other IncomeUSD | — | — | 955,000Source | 42,000Source | 1,150,000Source | 49,000Source | 1,160,000Source | 69,000Source | 1,688,000Source | 354,000Source | 308,000Source | 1,246,000Source |
| Realized Investment Gains (Losses)USD | — | — | -4,987,000Source | -2,192,000Source | 7,138,000Source | -18,574,000Source | -1,478,000Source | 85,000Source | -27,788,000Source | -24,188,000Source | -65,676,000Source | -76,548,000Source |