ADDED
gl-20251231 0000320335 2025 FY FALSE Chicago Stock Exchange, Inc.
11,920 average producing agents in the U.S., Canada, and New Zealand.
Agents of American Income Life, Liberty National and Family Heritage are independent contractors that exclusively sell for Globe Life.
The following table presents annualized premium in force for the three years ended December 31, 2025 by distribution method: Annualized Premium in Force (1) (Dollar amounts in thousands) 2025 2024 2023 Direct to Consumer $ 924,242 $ 922,508 $ 933,057 Exclusive agents: American Income 1,869,082 1,761,713 1,654,197 Liberty National 428,124 410,912 390,693 Independent agents: United American 6,010 6,499 6,958 Other 193,685 197,629 200,840 $ 3,421,143 $ 3,299,261 $ 3,185,745 (1) See definition of annualized premium in force under Results of Operations in Management's Discussion Analysis .
Annualized Premium in Force (Dollar amounts in thousands) 2025 2024 2023 Direct to Consumer $ 81,040 $ 74,815 $ 70,249 Exclusive agents: Liberty National 200,815 201,874 200,160 American Income 121,903 119,986 116,962 Family Heritage 495,750 454,725 418,693 Independent agents and brokers: United American 750,162 624,446 579,237 $ 1,649,670 $ 1,475,846 $ 1,385,301 Globe Life offers Medicare Supplement and limited-benefit supplemental health insurance products that include accident, cancer, critical illness, heart, intensive care, and other health products.
Medicare Supplement plans are offered to enrollees in the traditional fee-for-service Medicare program.
Medicare Supplement plans are standardized by federal regulation and are designed to pay certain costs, such as deductibles and co-payments not paid by Medicare.
Annualized Premium in Force (Dollar amounts in thousands) 2025 2024 2023 Amount % of Total Amount % of Total Amount % of Total Limited-benefit plans $ 896,994 54 $ 824,844 56 $ 782,424 56 Medicare Supplement 752,676 46 651,002 44 602,877 44 $ 1,649,670 100 $ 1,475,846 100 $ 1,385,301 100 Pricing Premium rates for life and health insurance products are established using assumptions as to future mortality, morbidity, persistency, investment income, expenses, and target profit margins.
Reinsurance We participate in reinsurance activities in order to minimize exposure to significant risks, limit losses and provide additional capacity for future growth.
Globe Life has historically participated in third-party reinsurance whereby we enter into various agreements with reinsurers that cover individual risks, group risks or defined blocks of business.
REMOVED
11,741 average producing agents in the U.S., Canada, and New Zealand.
The following table presents annualized premium in force for the three years ended December 31, 2024 by distribution method: Annualized Premium in Force (1) (Dollar amounts in thousands) 2024 2023 2022 Direct to Consumer $ 922,508 $ 933,057 $ 936,507 Exclusive agents: American Income 1,761,713 1,654,197 1,553,003 Liberty National 410,912 390,693 360,963 Independent agents: United American 6,499 6,958 7,609 Other 197,629 200,840 203,438 $ 3,299,261 $ 3,185,745 $ 3,061,520 (1) See definition of annualized premium in force under Results of Operations i n Management's Discussion Analysis .
Annualized Premium in Force (Dollar amounts in thousands) 2024 2023 2022 Direct to Consumer $ 74,815 $ 70,249 $ 72,161 Exclusive agents: Liberty National 201,874 200,160 196,336 American Income 119,986 116,962 113,087 Family Heritage 454,725 418,693 387,897 Independent agents: United American 624,446 579,237 558,373 $ 1,475,846 $ 1,385,301 $ 1,327,854 Globe Life offers Medicare Supplement and limited-benefit supplemental health insurance products that include accident, cancer, critical illness, heart, intensive care, and other health products.
Medicare Supplements are offered to enrollees in the traditional fee-for-service Medicare program.
Medicare Supplement plans are standardized by federal regulation and are designed to pay deductibles and co-payments not paid by Medicare.
Annualized Premium in Force (Dollar amounts in thousands) 2024 2023 2022 Amount % of Total Amount % of Total Amount % of Total Limited-benefit plans $ 824,844 56 $ 782,424 56 $ 735,858 55 Medicare Supplement 651,002 44 602,877 44 591,996 45 $ 1,475,846 100 $ 1,385,301 100 $ 1,327,854 100 Pricing Premium rates for life and health insurance products are established using assumptions as to future mortality, morbidity, persistency, investment income, expenses, and target profit margins.
Reinsurance Globe Life has historically participated in third-party reinsurance.
Approximately 88% of our invested assets, at fair value, are fixed maturities at December 31, 2024 (see Note 4 Investments and Management s Discussion and Analysis ).
Insurance companies are also required to file detailed annual reports with supervisory agencies, and records of their business are subject to examination at any time.
We plan to advance our sustainable business practices by further developing the Company's sustainability strategy and have substantially aligned disclosures with the Sustainability Accounting Standards Board (SASB) standards and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.