For the year ending 2025-12-31, GL-PD had -$20,621K decrease in cash & cash equivalents over the period. $1,253,907K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenue | 38,682 | - | - | - |
| General operating expenses | 94,021 | - | - | - |
| Reimbursements from affiliates | 75,504 | - | - | - |
| Interest expense | 147,673 | - | - | - |
| Total benefits and expenses | 166,190 | - | - | - |
| Operating income (loss) before income taxes and equity in earnings of affiliates | -127,508 | - | - | - |
| Income tax benefit (expense) | -16,005 | - | - | - |
| Net operating loss before equity in earnings of affiliates | -111,503 | - | - | - |
| Equity in earnings of affiliates, net of tax | 1,272,741 | - | - | - |
| Net income | 1,161,238 | 1,070,762 | 970,755 | 739,704 |
| Increase (decrease) in future policy benefits | 582,136 | 731,417 | 834,366 | 828,028 |
| Increase (decrease) in other policy benefits | 21,124 | 19,268 | 5,448 | 36,784 |
| Deferral of policy acquisition costs | 941,922 | 913,544 | 850,169 | 960,583 |
| Amortization of deferred acquisition costs | 447,760 | 410,001 | 379,700 | 624,407 |
| Change in current and deferred income taxes | -98,887 | -77,930 | -101,448 | -50,718 |
| Realized (gains) losses | -27,788 | -24,188 | -65,676 | -76,548 |
| Other, net | 620 | 17,582 | 24,799 | -26,588 |
| Cash provided from (used for) operating activities | 1,396,391 | 1,402,440 | 1,482,425 | 1,422,194 |
| Fixed maturities available for salesold | 623,792 | 1,207,237 | 602,556 | 390,392 |
| Fixed maturities available for salematured or other redemptions | 313,676 | 214,442 | 250,652 | 462,002 |
| Mortgage loans | 65,724 | 54,157 | 44,004 | - |
| Other long-term investments | 128,281 | 43,362 | 151,262 | 83,151 |
| Total investments sold or matured | 1,131,473 | 1,519,198 | 1,048,474 | 935,545 |
| Fixed maturitiesavailable for sale | 921,339 | 1,379,238 | 1,536,409 | 1,420,220 |
| Mortgage loans | 139,817 | 174,665 | 158,823 | - |
| Other long-term investments | 247,052 | 459,660 | 155,700 | 290,482 |
| Total investments acquired | 1,308,208 | 2,013,563 | 1,850,932 | 1,710,702 |
| Net (increase) decrease in policy loans | 41,706 | 42,649 | 42,154 | 25,232 |
| Net (increase) decrease in short-term investments | 229,676 | 3,295 | -32,381 | 44,976 |
| Additions to property and equipment | 142,484 | 71,045 | 49,553 | 27,929 |
| Other investing activities | 0 | -96 | 0 | 0 |
| Investments in low-income housing interests | 53,017 | 30,258 | 64,365 | 69,721 |
| Cash provided from (used for) investing activities | -643,618 | -641,516 | -926,149 | -943,015 |
| Issuance of common stock | 164,448 | 51,786 | 114,080 | 106,592 |
| Cash dividends paid to shareholders | 86,067 | 85,485 | 84,116 | 80,547 |
| Repayment of debt | 0 | 0 | 165,612 | 150,000 |
| Proceeds from issuance of debt | 0 | 530,000 | 170,000 | 250,492 |
| Payment for debt issuance costs | 6,399 | 7,253 | 757 | 5,272 |
| Net borrowing (repayment) of commercial paper | 102,638 | -13,878 | - | - |
| Proceeds from commercial paper with original maturities greater than 90 days | 487,610 | 484,726 | - | - |
| Net borrowing (repayment) of commercial paper | - | - | 32,961 | -46,289 |
| Repayment of commercial paper with original maturities greater than 90 days | 700,993 | 372,011 | - | - |
| Acquisition of treasury stock | 880,983 | 1,002,109 | 511,100 | 454,638 |
| Amounts paid to reinsurer | 0 | 413,779 | - | - |
| Net receipts (payments) from deposit-type products | 151,694 | 112,168 | -96,943 | -112,791 |
| Cash provided from (used for) financing activities | -768,052 | -715,835 | -541,487 | -492,453 |
| Effect of foreign exchange rate changes on cash | -5,342 | 17,080 | -4,192 | 13,670 |
| Net increase (decrease) in cash | -20,621 | 62,169 | 10,597 | 396 |
| Cash at beginning of year | 165,325 | 103,156 | 92,559 | 92,163 |
| Cash at end of year | 144,704 | 165,325 | 103,156 | 92,559 |
GLOBE LIFE INC. (GL-PD)
GLOBE LIFE INC. (GL-PD)