Globe Life Inc
(NYSE:GL)

Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Inves...

Website: https://home.globelifeinsurance.com/

Founded: 1900

Full Time Employees: 3,196

CEO: Gary L. Coleman / Larry M. Hutchison

Sector: Financial Services

Industry: Insurance-Life

Insurance Financial Services

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Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-03-31	2015-12-31	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2013-12-31	2013-09-30	2013-03-31	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-06-30	2010-03-31	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31

revenue:
life premium	849,580,000	844,483,000	839,544,000	829,863,000	822,962,000	818,638,000	815,482,000	804,265,000	794,815,000	788,099,000	781,733,000		755,115,000	759,924,000	754,602,000	732,997,000	728,924,000	728,170,000	708,119,000			670,822,000	649,630,000	630,824,000	631,201,000	624,289,000		602,534,000	598,303,000	580,651,000	576,223,000	573,836,000	575,837,000	544,151,000		520,038,000	513,342,000	491,724,000	491,952,000	468,473,000	470,936,000	470,813,000	450,950,000	451,878,000	432,087,000	429,927,000	433,573,000	430,657,000	433,828,000	430,299,000	415,044,000	412,748,000	406,114,000	406,492,000	402,948,000
health premium	392,336,000	386,524,000	378,099,000	369,791,000	358,308,000	353,955,000	351,643,000	341,019,000	335,857,000	331,236,000	329,187,000		319,289,000	319,189,000	317,000,000	312,774,000	299,143,000	295,586,000	294,173,000			282,877,000	280,205,000	269,166,000	266,282,000	266,684,000		251,440,000	251,798,000	245,816,000	242,991,000	242,775,000	244,791,000	235,697,000		315,492,000	316,765,000	293,879,000	307,791,000	282,007,000	279,948,000	313,871,000	254,506,000	266,444,000	221,285,000	220,458,000	238,617,000	249,106,000	252,086,000	256,866,000	264,014,000	271,340,000	268,940,000	289,084,000	303,664,000
total premium	1,241,916,000	1,231,007,000	1,217,643,000	1,199,654,000	1,181,270,000	1,172,593,000	1,167,125,000	1,145,284,000	1,130,672,000	1,119,335,000	1,110,920,000		1,074,405,000	1,079,113,000	1,071,602,000	1,045,771,000	1,028,067,000	1,023,756,000	1,002,293,000			953,702,000	929,835,000	899,993,000	897,484,000	890,973,000		853,979,000	850,106,000	826,473,000	819,217,000	816,614,000	820,631,000	779,860,000		835,567,000	830,148,000	785,715,000	799,866,000	750,611,000	750,998,000	784,814,000	705,582,000	718,475,000	653,542,000	650,525,000	672,350,000	679,901,000	688,105,000	689,369,000	681,541,000	686,485,000	678,597,000	699,404,000	710,593,000
net investment income	281,402,000	286,013,000	282,169,000	280,614,000	282,453,000	284,964,000	285,636,000	282,578,000	271,609,000	266,926,000	261,244,000		245,625,000	243,642,000	243,834,000	239,344,000	238,975,000	238,308,000	235,820,000			231,568,000	228,991,000	228,905,000	227,425,000	226,673,000	221,627,221,627,000	218,568,000	218,084,000	212,955,000	213,872,000	212,776,000	208,282,000	197,053,000		194,823,000	191,596,000	182,101,000	182,877,000	178,284,000	176,656,000	176,839,000	175,176,000	174,121,000	174,786,000	173,491,000	173,104,000	171,647,000	181,620,000	177,299,000	167,354,000	169,043,000	169,034,000	167,826,000	166,903,000
realized gains	-4,312,000	-4,987,000	-18,574,000	85,000	2,392,000	-2,192,000	-12,589,000	-11,799,000	13,287,000	-2,193,000	-45,843,000		-29,155,000	-30,446,000	-7,244,000	12,033,000	10,475,000	8,659,000	28,152,000			-4,790,000	-26,097,000	11,943,000	5,154,000	1,329,000
other income	615,000	955,000	49,000	69,000	162,000	42,000	74,000	76,000	123,000	50,000	85,000		398,000	299,000	164,000	212,000	321,000	388,000	295,000			404,000	325,000	438,000	398,000	241,000	416,000	416,000	295,000	2,000	331,000	393,000	416,000	421,000		691,000	669,000	668,000	663,000	174,000	676,000	470,000	376,000	321,000	471,000	625,000	608,000	447,000	728,000	384,000	468,000	405,000	942,000	960,000	1,901,000
total revenue	1,519,621,000	1,512,988,000	1,481,287,000	1,480,422,000	1,466,277,000	1,455,407,000	1,440,246,000	1,416,139,000	1,415,691,000	1,384,118,000	1,326,406,000	749,128,315,684,000	1,291,273,000	1,292,608,000	1,308,356,000	1,297,360,000	1,277,838,000	1,271,111,000	1,266,560,000	-199,447,385,087,746,900,000,000,000	6,740,212,877,951,232,000,000,000	1,180,884,000	1,133,054,000	1,141,279,000	1,130,461,000	1,119,216,000	6,055,472,552,012,222,000,000,000	1,084,776,000	1,070,436,000	1,056,899,000	1,046,015,000	1,029,078,000	1,023,581,000	977,627,000		1,033,694,000	1,022,532,000	967,001,000	983,983,000	930,594,000	932,789,000	958,216,000	885,795,000	897,923,000	833,554,000	837,241,000	877,334,000	829,272,000	864,977,000	874,805,000	819,734,000	809,638,000	753,352,000	860,492,000	872,433,000
yoy	3.64%	3.96%	2.85%	4.54%	3.57%	5.15%	8.58%	-100.00%	9.64%	7.08%	1.38%	57742416.78%	1.05%	1.69%	3.30%	-100.00%	-100.00%	7.64%	11.78%	-17475778060206741504.00%	596235772658343040.00%	5.51%	-100.00%	5.21%	5.61%	5.90%	578908768231069440.00%	5.41%	4.58%	8.11%		-0.45%	0.10%	1.10%		11.08%	9.62%	0.92%	11.08%	3.64%	11.91%	14.45%	0.96%	8.28%	-3.63%	-4.29%	7.03%	2.43%	14.82%	1.66%	-6.04%
qoq	0.44%	2.14%	0.06%	0.96%	0.75%	1.05%	1.70%	0.03%	2.28%	4.35%	-100.00%	58014612.28%	-0.10%	-1.20%	0.85%	1.53%	0.53%	0.36%	-100.00%	-3059.07%	570776882229857472.00%	4.22%	-0.72%	0.96%	1.00%	-100.00%	558223315413709504.00%	1.34%	1.28%	1.04%	1.65%	0.54%	4.70%			1.09%	5.74%	-1.73%	5.74%	-0.24%	-2.65%	8.18%	-1.35%	7.72%	-0.44%	-4.57%	5.80%	-4.13%	-1.12%	6.72%	1.25%	7.47%	-12.45%	-1.37%
benefits and expenses:
life policyholder benefits	514,307,000	381,511,000	519,355,000	509,756,000	507,812,000	454,502,000	518,792,000	519,871,000	514,472,000	515,676,000	512,664,000		494,627,000	511,034,000	549,343,000	539,512,000	516,196,000	498,471,000	517,631,000			459,845,000	421,670,000	406,963,000	410,961,000	409,692,000		399,334,000	400,581,000	389,878,000	386,445,000	390,859,000	391,079,000	362,860,000		347,364,000	339,701,000	328,116,000	324,192,000	305,936,000	305,931,000	305,141,000	292,784,000	290,688,000	282,551,000	280,172,000	277,847,000	278,339,000	283,131,000	282,630,000	276,102,000	270,334,000	268,338,000	273,917,000	267,285,000
health policyholder benefits	239,348,000	227,940,000	229,924,000	233,929,000	221,901,000	221,926,000	205,423,000	202,327,000	195,686,000	193,790,000	195,924,000		198,415,000	197,218,000	196,855,000	194,156,000	187,906,000	188,854,000	187,829,000			183,496,000	178,711,000	170,875,000	170,511,000	170,017,000		160,461,000	160,619,000	163,674,000	155,774,000	156,579,000	157,751,000	152,775,000		235,175,000	242,151,000	196,901,000	220,554,000	178,716,000	199,983,000	236,127,000	181,037,000	211,092,000	142,217,000	147,910,000	166,423,000	175,270,000	173,317,000	189,545,000	179,422,000	196,780,000	174,363,000	199,257,000	219,375,000
other policyholder benefits	7,254,000	7,171,000	6,719,000	7,080,000	9,059,000	11,756,000	11,479,000	9,595,000	9,612,000	9,578,000	8,922,000		6,986,000	7,074,000	7,050,000	7,213,000	7,303,000	7,286,000	7,259,000			7,475,000	7,588,000	7,854,000	7,890,000	8,048,000		8,582,000	8,689,000	8,913,000	9,000,000	8,977,000	8,946,000	9,338,000		9,754,000	10,045,000	10,515,000	10,461,000	10,909,000	10,869,000	10,735,000	10,986,000	10,867,000	10,913,000	10,692,000	10,424,000	10,518,000	12,009,000	11,598,000	8,811,000	10,500,000	8,535,000	8,224,000	7,741,000
total policyholder benefits	760,909,000	616,622,000	755,998,000	750,765,000	738,772,000	688,184,000	735,694,000	731,793,000	719,770,000	719,044,000	717,510,000		700,028,000	715,326,000	753,248,000	740,881,000	711,405,000	694,611,000	712,719,000			650,816,000	607,969,000	585,692,000	589,362,000	587,757,000		568,377,000	569,889,000	562,465,000	551,219,000	556,415,000	557,776,000	524,973,000		592,293,000	591,897,000	535,532,000	555,207,000	495,561,000	516,783,000	552,003,000	484,807,000	512,647,000	435,681,000	438,774,000	454,694,000	464,127,000	468,457,000	483,773,000	464,335,000	477,614,000	451,236,000	481,398,000	494,401,000
amortization of deferred acquisition costs	116,770,000	114,074,000	111,401,000	105,515,000	104,298,000	104,310,000	101,915,000	99,478,000	97,541,000	95,757,000	94,080,000		156,129,000	155,205,000	158,384,000	151,231,000	151,593,000	148,021,000	152,993,000			146,160,000	143,837,000	138,449,000	138,165,000	135,822,000		129,077,000	129,620,000	120,040,000	122,334,000	122,121,000	125,908,000	118,806,000		112,904,000	111,263,000	103,834,000	104,561,000	100,743,000	98,444,000	101,714,000	96,601,000	96,498,000	105,437,000	104,804,000	106,752,000	107,788,000	108,867,000	113,406,000	104,205,000	114,668,000	101,429,000	97,634,000	98,638,000
commissions, premium taxes, and non-deferred acquisition costs	163,472,000	157,494,000	157,411,000	164,323,000	153,148,000	149,693,000	149,802,000	148,110,000	144,234,000	138,677,000	138,459,000	73,548,519,529,000	93,028,000	93,595,000	90,813,000	86,758,000	82,774,000	82,312,000	79,666,000	-1,593,696,725,577,000	52,856,217,535,000	76,140,000	78,937,000	74,139,000	73,698,000	73,465,000	47,609,220,415,000	69,427,000	69,639,000	49,502,750	67,863,000	65,032,000	65,116,000	61,602,000		64,018,000	63,268,000	63,636,000	62,020,000	41,622,500	53,791,000	58,251,000	50,600,000	50,756,000
other operating expense	113,767,000	111,562,000	108,293,000	108,746,000	121,947,000	104,874,000	99,108,000	93,214,000	91,759,000	85,870,000	86,033,000		88,140,000	89,658,000	84,352,000	81,279,000	80,385,000	79,155,000	81,210,000			72,714,000	78,582,000	74,575,000	79,044,000	72,793,000		68,620,000	66,824,000	69,467,000	63,019,000	62,428,000	62,341,000	57,429,000		56,977,000	56,612,000	55,402,000	56,400,000	53,845,000	53,245,000	52,308,000	47,758,000	48,116,000	59,667,000	45,268,000	46,514,000	50,187,000	45,840,000	43,430,000	45,236,000	43,790,000	45,035,000	43,967,000	46,057,000
interest expense	35,210,000	36,134,000	34,885,000	34,992,000	35,679,000	31,388,000	31,404,000	28,621,000	25,676,000	25,955,000	25,818,000		23,965,000	21,828,000	19,944,000	19,653,000	20,886,000	21,769,000	21,178,000			22,813,000	20,808,000	21,094,000	21,432,000	21,278,000	2,243,322,433,000	22,411,000	21,622,000	21,707,000	20,970,000	21,156,000	20,699,000	19,369,000		19,114,000	19,060,000	19,033,000	19,037,000	19,080,000	19,676,000	20,877,000	19,649,000	19,671,000	19,527,000	19,510,000	19,411,000	19,460,000	18,812,000	18,937,000	14,916,000	15,664,000	15,507,000	14,818,000	16,172,000
total benefits and expenses	1,190,128,000	1,035,886,000	1,167,988,000	1,164,341,000	1,153,844,000	1,078,449,000	1,117,923,000	1,101,216,000	1,078,980,000	1,065,303,000	1,061,900,000		1,061,290,000	1,075,612,000	1,106,741,000	1,079,802,000	1,047,043,000	1,025,868,000	1,047,766,000			968,643,000	930,133,000	893,949,000	901,701,000	891,115,000		857,912,000	857,594,000	840,528,000	825,405,000	827,152,000	831,840,000	782,179,000		845,306,000	842,100,000	777,437,000	797,225,000	724,165,000	741,939,000	785,153,000	699,415,000	727,688,000	651,050,000	638,419,000	658,806,000	673,460,000	675,003,000	691,370,000	659,327,000	683,342,000	647,721,000	675,886,000	694,003,000
income before income taxes	329,493,000	477,102,000	313,299,000	316,081,000	312,433,000	376,958,000	322,323,000	314,923,000	336,711,000	318,815,000	264,506,000		229,983,000	216,996,000	201,615,000	217,558,000	230,795,000	245,243,000	218,794,000			212,241,000	202,921,000	247,330,000	228,760,000	228,101,000		226,864,000	212,842,000	216,371,000	220,610,000	201,926,000	191,741,000	195,448,000		188,388,000	180,432,000	189,564,000	186,758,000	139,174,250	190,850,000	173,063,000							189,974,000	183,435,000	160,407,000	126,296,000	105,631,000	184,606,000	178,430,000
income tax benefit	-63,410,000	-89,259,000	-60,550,000	-61,518,000	-57,237,000	-73,964,000	-63,968,000	-60,706,000	-61,909,000	-61,732,000	-49,246,000		-43,204,000	-39,992,000	-37,254,000	-39,605,000	-41,924,000	-45,625,000	-40,277,000			-39,193,000	-37,381,000	-45,512,000	-42,151,000	-42,707,000
net income	266,083,000	387,843,000	252,749,000	254,563,000	255,196,000	302,994,000	258,355,000	254,217,000	274,802,000	257,083,000	215,260,000		186,779,000	177,004,000	164,361,000	177,953,000	188,871,000	199,618,000	178,517,000			173,048,000	165,540,000	201,818,000	186,566,000	185,345,000		184,425,000	173,600,000	1,027,346,000	153,334,000	140,273,000	133,541,000	124,033,000		127,110,000	121,648,000	132,412,000	130,923,000	142,817,000	132,122,000	119,632,000	128,988,000	118,677,000	126,357,000	137,055,000	148,940,000	105,533,000	126,049,000	121,676,000	114,118,000	76,706,000	63,151,000	133,726,000	118,173,000
yoy	4.27%	28.00%	-2.17%	0.14%	-7.13%	17.86%	20.02%		47.13%	45.24%	30.97%		-1.11%	-11.33%	-7.93%			15.35%	7.84%			-6.63%		9.43%	7.47%	-81.96%		31.48%	30.00%	728.28%		10.36%	9.78%	-6.33%		-11.00%	-7.93%	10.68%	1.50%	20.34%	4.56%	-12.71%	-13.40%	12.45%	0.24%	12.64%	30.51%	37.58%	99.60%	-9.01%	-3.43%
qoq	-31.39%	53.45%	-0.71%	-0.25%	-15.78%	17.28%	1.63%	-7.49%	6.89%	19.43%			5.52%	7.69%	-7.64%	-5.78%	-5.38%	11.82%				4.54%	-17.98%	8.18%	0.66%			6.24%	-83.10%	570.01%	9.31%	5.04%	7.67%			4.49%	-8.13%	1.14%	-8.33%	8.09%	10.44%	-7.25%	8.69%	-6.08%	-7.81%	-7.98%	41.13%	-16.28%	3.59%	6.62%	48.77%	21.46%	-52.78%	13.16%
net income margin %	17.51%	25.63%	17.06%	17.20%	17.40%	20.82%	17.94%	17.95%	19.41%	18.57%	16.23%	0%	14.46%	13.69%	12.56%	13.72%	14.78%	15.70%	14.09%	0%	0%	14.65%	14.61%	17.68%	16.50%	16.56%	0%	17.00%	16.22%	97.20%	14.66%	13.63%	13.05%	12.69%	NaN%	12.30%	11.90%	13.69%	13.31%	15.35%	14.16%	12.48%	14.56%	13.22%	15.16%	16.37%	16.98%	12.73%	14.57%	13.91%	13.92%	9.47%	8.38%	15.54%	13.55%
basic net income per common share	3,360	4,810	3,090	3,050	3,030	3,450	2,830	2,710	2,920	2,720	2,260		1,920	1,800	1,660	1,382.5	1,860	1,940	1,730							1,680
diluted net income per common share	3,300	4,730	3,050	3,010	3,010	3,440	2,830	2,670	2,870	2,680	2,240		1,900	1,790	1,640	1,365	1,840	1,920	1,700							1,650
other premium													1,000						1,000			3,000		3,000	1,000			5,000	5,000	6,000	3,000	3,000	3,000	12,000		37,000	41,000	112,000	123,000	131,000	114,000	130,000	126,000	153,000	170,000	140,000	160,000	138,000	2,191,000	2,204,000	2,483,000	2,397,000	3,543,000	3,828,000	3,981,000
premium												749,128,315,684,000								4,986,184,627,193,500	6,740,212,877,951,000						6,055,472,552,012,861,000,000
expenses:
policy obligations												49,542,918,901,886,420,000,000
required interest on reserves
amortization of acquisition costs												7,192,912,114,453,000								86,606,707,262,877,250	11,431,626,026,501,000						10,379,225,162,538,130,000,000
insurance administrative expense																											55,812,359,059,402,000
parent expense																											266,715,784,245,000
stock-based compensation expense																											1,041,210,412,000
total expenses												459,534,227,814,000								370,817,162,578,000	503,318,214,935,000						436,951,194,948,000
subtotal												28,959,487,870,226,326,000,000								1,278,013,001,414,197,000,000,000	17,070,372,860,225,360,000,000						16,859,660,253,256,462,000,000
non-operating items																											5,168,000
measure of segment profitability												28,959,487,870,226,326,000,000								1,278,013,001,414,197,000,000,000	17,070,372,860,225,360,000,000						16,859,660,253,256,462,000,000
realized gain—investments												-7,244,000								-7,188,000	2,135,000
non-operating expenses												-112,000								-258,250	-1,033,000
income before income taxes per condensed consolidated statements of operations												294,176,000								161,675,000	231,538,000
policy benefits																				33,518,663,661,105,644,000	4,592,311,842,377,508,000						3,967,011,625,748,581,500,000,000
required interest on dac																				3,923,354,947,563,250	52,709,668,981,000						489,076,136,145,000
realized loss—redemption of debt																				-158,500	-634,000
income from continuing operations																						173,048,000	165,540,000	201,818,000	186,609,000	185,394,000		184,393,000	173,711,000	1,027,376,000	153,346,000	140,363,000	137,178,000	133,574,000									128,988,000	118,677,000	126,357,000	136,911,000	148,940,000	106,132,000
income from discontinued operations, net of tax																									-43,000	-49,000		32,000	-111,000	-30,000	-12,000	-90,000	-3,637,000	-9,541,000
basic net income per common share:
continuing operations																						1,630	1,540	1,850	1,700	1,680		1,630	1,520	8,840	1,320	1,200	1,160	1.1									1.33	1.19	1.25	1.31	1.34	1.37
discontinued operations																																	-30	-0.08														-0.01
total basic net income per common share																						1,630	1,540	1,850	1,700			1,630	1,520	8,840	1,320	1,200	1,130	1.02
diluted net income per common share:
total diluted net income per common share																						1,620	1,520	1,820	1,670			1,590	1,490	8,640	1,290	1,180	1,110	1.01
deduct applicable income taxes																											-41,744,000
net operating income																											182,722,000
add back income taxes applicable to segment profitability																											41,744,000
add																											1,032,000
add (deduct) administrative settlements																											-3,590,000
add (deduct) non-operating costs																											-1,578,000
income before income taxes per condensed consolidated statement of operations																											220,330,000
realized investment gains																												11,813,000	1,951,000	17,469,000	12,595,000	-705,000	-5,748,000	293,000		2,613,000	119,000	-1,483,000	577,000	1,525,000	4,459,000	-1,229,000	4,661,000	5,006,000	4,755,000	12,600,000	31,272,000	-22,723,000	-5,476,000	9,465,000	8,478,000	114,000	-95,221,000	-7,698,000	-6,964,000
income taxes																												-42,471,000	-39,131,000	-45,847,500	-67,264,000	-61,563,000	-54,563,000	-61,874,000		-61,278,000	-58,784,000	-57,152,000	-55,835,000	-63,612,000	-58,728,000	-53,431,000	-57,392,000	-51,558,000	-56,147,000	-61,911,000	-69,588,000	-49,680,000	-63,925,000	-61,759,000	-46,289,000	-49,590,000	-42,480,000	-50,880,000	-60,257,000
dividends declared per common share																												160	160	112.5	150	150	150	0.14		0.14		0.13	0.13	0.17	0.17	0.17	0.15	0.12	0.085	0.12	0.11	0.16	0.15	0.15	0.14	0.14	0.14	0.14	0.13
discontinued operations:
basic net income per share:
diluted net income per share:
basic net income per share																																				1.01		1.02	1	1.045	1.45	1.28							1.54	1.47	1.38	0.91	0.73	1.49	1.3
diluted net income per share																																				1		1	0.98	1.03	1.43	1.27							1.53	1.46	1.38	0.91	0.72	1.47	1.29
basic net income per share **																																					0.96
diluted net income per share **																																					0.95
dividends declared per common share **																																					0.14
other-than-temporary impairments																																										-2,678,000								-1,712,000	-34,665,000	-52,413,000
income from continuing operations before income taxes																																											186,380,000	170,235,000	182,504,000	198,822,000	218,528,000	155,812,000
loss on disposal of discontinued operations, net of tax
total basic net income per share																																											1.33	1.19	1.24	1.31	1.34	1.36
total diluted net income per share																																											1.32	1.17	1.23	1.3	1.32	1.33
commissions and premium taxes																																													30,738,000	30,063,000	31,435,000	31,898,000	33,027,000	31,824,000	30,635,000	31,606,000	34,514,000	38,069,000	38,735,000
loss on disposal, net of tax																																													-113,750	144,000		-599,000
income from discontinued operations																																														144,000		-599,000
portion of impairment loss recognized in other comprehensive income																																																			-3,442,000	6,004,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31

assets:
investments:
fixed maturities—available for sale, at fair value	17,589,342,000	17,796,754,000	17,365,354,000	17,504,967,000	17,155,012,000	18,334,570,000	17,613,008,000	18,144,353	17,870,206,000	16,260,034,000	17,033,450,000	17,206,885,000	16,005,140,000	17,181,967,000	19,179,107,000	21,305,287,000	21,160,866,000	21,101,780,000	20,154,910,000	21,213,509,000	20,277,056,000	19,661,182,000	17,879,541,000	18,797,674,000	17,934,274,000	17,223,585,000	16,231,471,000	16,284,691,000	16,635,885,000		16,652,913,000	16,318,286,000	15,874,131,000	15,837,700,000	15,440,090,000									12,879,133,000							11,888,205,000
mortgage loans	428,517,000	451,898,000	455,767,000	426,174,000	396,088,000	381,315,000	343,492,000	329,033	279,199,000
policy loans	741,375,000	729,541,000	718,621,000	708,175,000	699,669,000	691,072,000	676,077,000	664,641	657,020,000	644,553,000	633,558,000	622,736,000	605,426,000	597,187,000	591,958,000	589,634,000	585,791,000	583,088,000	584,297,000	584,379,000	581,211,000	579,541,000	579,133,000	568,892,000	560,469,000	555,456,000	543,836,000	537,808,000	532,383,000	529,529,000	523,318,000	516,064,000	510,574,000	499,085,000	501,555,000	496,840,000	492,462,000	486,042,000	479,953,000	474,717,000	464,999,000	457,824,000	451,972,000	448,887,000	441,867,000	433,331,000	428,011,000	417,211,000	410,801,000	404,559,000	400,914,000	395,391,000	387,342,000	382,151,000	370,763,000	396,382,000	389,217,000	375,937,000	368,957,000	363,564,000	354,819,000	350,045,000	346,599,000
other long-term investments	1,396,064,000	1,285,697,000	1,268,624,000	1,236,624,000	1,235,759,000	1,221,888,000	974,515,000	899,085	835,878,000	1,050,106,000	1,010,136,000	1,022,611,000	907,390,000	898,955,000	889,769,000	793,925,000	733,177,000	698,188,000	619,741,000	546,981,000	492,884,000	432,325,000	377,239,000	315,535,000	289,147,000	231,934,000	191,191,000	181,676,000	168,621,000	108,559,000	70,096,000	55,532,000	53,741,000	57,086,000	58,377,000	37,237,000	36,803,000	8,662,000	11,039,000	10,006,000	11,613,000	12,134,000	12,641,000	13,207,000	14,539,000	15,311,000	15,508,000	25,263,000	25,510,000	25,113,000	26,167,000	25,115,000	26,642,000	41,468,000	42,597,000	43,764,000	49,460,000	55,286,000	56,824,000	59,123,000	79,630,000	81,763,000	74,734,000
short-term investments	314,711,000	62,824,000	116,724,000	134,066,000	85,035,000	100,501,000	100,560,000	58,413	81,740,000	83,934,000	71,128,000	74,377,000	85,773,000	115,824,000	57,344,000	69,145,000	93,364,000	371,922,000	93,348,000	107,782,000	263,879,000	531,651,000	272,601,000	77,556,000	74,116,000	125,759,000	633,490,000	68,544,000	80,023,000	127,071,000	65,482,000	94,387,000	120,990,000	65,904,000	48,581,000	144,671,000	54,766,000	63,663,000	28,695,000	91,888,000	79,097,000	48,561,000	109,065,000	76,890,000	135,988,000	103,012,000	176,250,000	386,025,000	109,541,000	55,978,000	21,244,000	48,535,000	20,405,000	271,019,000	119,694,000	254,220,000	332,475,000	250,250,000	628,535,000	292,251,000	65,805,000	72,068,000	84,368,000
total investments	20,470,009,000	20,326,714,000	19,925,090,000	20,010,006,000	19,571,563,000	20,729,346,000	19,707,652,000	20,095,525	19,724,043,000	18,038,627,000	18,748,272,000	18,926,609,000	17,603,729,000	18,793,933,000	20,718,178,000	22,757,991,000	22,573,198,000	22,754,978,000	21,452,296,000	22,452,651,000	21,615,030,000	21,204,699,000	19,108,514,000	19,759,657,000	18,858,006,000	18,136,734,000	17,599,988,000	17,072,719,000	17,416,912,000	17,734,484,000	17,311,809,000	16,984,269,000	16,559,436,000	16,459,775,000	16,048,603,000	15,139,963,000	14,343,690,000	14,640,148,000	14,642,694,000	15,472,599,000	14,710,170,000	14,648,270,000	14,193,438,000	13,420,001,000	13,350,965,000	13,415,808,000	14,192,194,000	13,348,534,000	12,871,356,000	12,457,624,000	12,353,586,000	12,143,862,000	11,476,749,000	11,391,164,000	11,515,790,000	11,634,723,000	11,218,443,000	9,751,836,000	9,139,425,000	8,067,500,000	8,685,474,000	9,397,482,000	9,634,091,000
cash	144,704,000	302,716,000	239,122,000	232,270,000	165,325,000	134,549,000	87,914,000	83,547	103,156,000	85,546,000	75,011,000	172,108,000	85,586,000	172,257,000	127,628,000	92,163,000	96,325,000	138,072,000	81,504,000	94,847,000	80,101,000	114,031,000	90,370,000	66,675,000	89,319,000	67,342,000	77,439,000	82,230,000	88,615,000	118,563,000	88,462,000	97,652,000	61,754,000	104,900,000	49,678,000	12,758,000	61,383,000	59,485,000	62,849,000	3,086,000	66,998,000	45,803,000	40,016,000	36,943,000	38,792,000	44,937,000	25,256,000	298,831,000	70,666,000	78,302,000	84,113,000	175,960,000	90,230,000	283,673,000	30,264,000	27,292,000	39,939,000	171,520,000	339,608,000	46,685,000	16,495,000	18,224,000	7,944,000
accrued investment income	272,818,000	284,888,000	271,670,000	287,562,000	269,791,000	284,952,000	274,674,000	299,398	270,396,000	284,642,000	267,776,000	279,445,000	269,212,000	256,548,000	269,975,000	251,307,000	264,257,000	254,587,000	268,384,000	248,991,000	259,697,000	251,595,000	258,437,000	253,125,000	247,383,000	255,148,000	244,851,000	237,985,000	240,817,000	233,453,000	238,278,000	228,347,000	235,120,000	224,155,000	216,443,000	221,186,000	209,915,000	215,919,000	206,653,000	213,864,000	211,250,000	202,465,000	209,801,000	200,038,000	203,473,000	196,521,000	205,266,000	196,190,000	193,445,000	199,474,000	192,325,000	193,790,000	188,742,000	193,098,000	191,037,000	191,427,000	199,635,000	177,698,000	172,356,000	185,932,000	183,043,000	171,022,000	182,952,000
other receivables	768,592,000	729,160,000	690,705,000	691,523,000	691,907,000	651,871,000	648,065,000	645,966	630,223,000	616,881,000	601,787,000	594,421,000	475,363,000	478,571,000	487,929,000	487,443,000	485,475,000	484,392,000	477,596,000	474,180,000	458,359,000	445,539,000	441,740,000	432,236,000	425,372,000	419,610,000	406,907,000	407,676,000	396,379,000	391,775,000	389,084,000	380,028,000	370,306,000	361,283,000	358,686,000	349,652,000	344,552,000	676,155,000	627,660,000	565,965,000	499,876,000	425,425,000	372,617,000	331,103,000	412,972,000	388,745,000	393,870,000	334,599,000	308,585,000	264,429,000	253,549,000	232,354,000	223,870,000	254,108,000	205,210,000	200,339,000	195,128,000	211,332,000	228,636,000	179,906,000	90,186,000	95,548,000	91,482,000
deferred acquisition costs	6,999,136,000	6,872,342,000	6,754,821,000	6,623,644,000	6,495,589,000	6,386,682,000	6,260,294,000	6,131,237	6,009,477,000	5,889,293,000	5,778,732,000	5,654,438,000	5,162,172,000	5,084,878,000	4,999,935,000	4,914,728,000	4,837,409,000	4,743,032,000	4,662,509,000	4,595,444,000	4,517,255,000	4,446,356,000	4,386,478,000	4,281,018,000	4,232,717,000	4,185,231,000	4,091,601,000	4,045,890,000	4,002,181,000	3,958,063,000	3,911,800,000	3,862,418,000	3,821,718,000	3,739,526,000	3,698,449,000	3,656,449,000	3,617,135,000	3,585,302,000	3,550,836,000	3,510,564,000	3,433,890,000	3,398,379,000	3,363,952,000	3,337,649,000	3,306,417,000	3,262,943,000	3,229,000,000	2,994,744,000	2,966,272,000	2,951,155,000	3,484,851,000
goodwill	490,446,000	490,446,000	490,446,000	490,446,000	490,446,000	490,446,000	481,791,000	481,791	481,791,000	481,791,000	481,791,000	481,791,000	481,791,000	481,791,000	481,791,000	481,791,000	481,791,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	441,591,000	396,891,000	396,891,000	396,891,000	396,891,000	396,891,000	396,891,000	396,891,000	396,891,000	423,519,000	423,519,000	423,519,000	423,519,000	423,519,000	423,519,000	423,519,000	423,519,000
other assets	1,667,987,000	1,521,350,000	1,437,494,000	1,369,808,000	1,391,560,000	878,974,000	838,416,000	833,129	832,413,000	769,247,000	754,589,000	751,311,000	760,935,000	775,189,000	764,892,000	782,625,000	758,123,000	763,405,000	729,016,000	739,027,000	669,860,000	630,369,000	624,784,000	557,604,000	561,057,000	559,225,000	538,540,000	522,042,000	527,258,000	528,536,000	544,011,000	515,012,000	513,706,000	504,587,000	509,790,000	511,656,000	522,104,000	500,640,000	488,627,000	488,838,000	506,732,000	489,868,000	442,562,000	424,419,000	383,504,000	390,728,000	391,525,000	114,448,000	113,124,000	113,155,000	391,076,000	380,648,000	387,072,000	376,494,000	375,472,000	298,794,000	271,472,000	238,599,000	230,142,000	208,259,000	182,813,000	175,719,000	178,701,000
total assets	30,813,692,000	30,527,616,000	29,809,348,000	29,705,259,000	29,076,181,000	29,556,820,000	28,298,806,000	28,570,593	28,051,499,000	26,166,027,000	26,707,958,000	26,860,123,000	24,838,788,000	26,043,167,000	27,850,328,000	29,768,048,000	29,496,578,000	29,580,057,000	28,112,896,000	29,046,731,000	28,041,893,000	27,534,180,000	25,351,914,000	25,791,906,000	24,855,445,000	24,133,438,000	23,469,488,000	22,878,701,000	23,182,343,000	23,474,985,000	22,993,607,000	22,577,940,000	22,086,976,000	22,077,031,000	21,574,040,000	20,621,021,000	19,853,213,000	20,119,240,000	20,020,910,000	20,696,507,000	19,870,507,000	19,651,801,000	19,063,977,000	18,191,744,000	18,137,714,000	18,141,273,000	18,878,702,000	17,939,864,000	17,185,003,000	16,734,412,000	17,156,391,000	16,971,380,000	16,218,212,000	16,325,247,000	17,716,467,000	16,950,209,000	16,601,371,000	15,849,970,000	14,707,725,000	13,245,750,000	13,950,366,000	14,743,745,000	14,972,349,000
liabilities:
future policy benefits at current discount rates:	19,169,687,000	19,301,965,000	18,846,755,000	18,756,844,000	18,457,263,000	19,814,913,000	18,430,672,000	18,882,023	19,460,353,000	17,218,098,000	18,746,514,000	18,896,574,000
unearned and advance premium	270,663,000	272,740,000	273,195,000	273,887,000	257,631,000	264,644,000	270,077,000	270,105	254,567,000	260,843,000	266,710,000	271,517,000	64,223,000	68,451,000	70,889,000	65,472,000	64,900,000	70,550,000	68,817,000	61,728,000	64,703,000	68,397,000	67,868,000	62,586,000	66,892,000
policy claims and other benefits payable	540,832,000	529,911,000	532,179,000	546,670,000	532,832,000	530,399,000	526,126,000	520,094	514,875,000	503,072,000	510,929,000	489,296,000	417,739,000	431,652,000	433,553,000	412,940,000	395,914,000	375,823,000	398,190,000	399,507,000	367,453,000	380,178,000	364,276,000	351,729,000	351,347,000	357,294,000	337,981,000	329,469,000	333,760,000	333,294,000	318,832,000	307,384,000	301,944,000	281,047,000	265,712,000	269,198,000	272,898,000	245,706,000	232,352,000	222,668,000	227,421,000	213,553,000	231,269,000	223,380,000	248,821,000	228,545,000	226,946,000	236,185,000	221,652,000	241,191,000	222,254,000	227,165,000	211,130,000	229,067,000	218,279,000	226,836,000	232,271,000	221,010,000	218,449,000	242,979,000	235,644,000	241,562,000	258,002,000
other policyholders' funds	532,047,000	522,133,000	492,146,000	463,148,000	468,604,000	469,288,000	400,625,000	401,269	236,958,000	218,210,000	187,873,000	142,686,000	103,161,000	100,336,000	99,606,000	98,935,000	98,151,000	98,316,000	98,251,000	97,968,000	97,463,000	96,708,000	96,525,000	95,875,000	95,753,000	96,986,000	97,007,000	96,575,000	97,468,000	97,635,000	97,016,000	97,237,000	97,015,000				95,988,000													93,322,000
total policy liabilities	20,513,229,000	20,626,749,000	20,144,275,000	20,040,549,000	19,716,330,000	21,079,244,000	19,627,500,000	20,073,491	20,466,753,000	18,200,223,000	19,712,026,000	19,800,073,000	17,141,950,000	17,004,149,000	16,833,988,000	16,612,074,000	16,396,177,000	16,186,795,000	15,998,507,000	15,802,739,000	15,575,483,000	15,371,458,000	15,145,741,000	14,868,782,000	14,732,022,000	14,605,286,000	14,339,821,000	14,195,803,000	14,069,871,000	13,931,831,000	13,775,453,000	13,601,378,000	13,441,498,000	13,119,095,000	12,979,228,000	12,830,645,000	12,681,718,000	12,529,764,000	12,409,164,000	12,264,806,000	12,037,173,000	11,906,698,000	11,781,144,000	11,647,995,000	11,540,100,000	11,369,935,000	11,240,668,000	10,357,752,000	10,207,263,000	10,113,949,000	9,956,537,000	9,862,796,000	9,755,033,000	9,663,867,000	9,419,793,000	9,769,888,000	9,669,196,000	9,388,642,000	9,211,490,000	9,049,843,000	8,803,079,000	8,695,084,000	8,561,134,000
current and deferred income taxes	859,628,000	787,539,000	816,135,000	807,735,000	731,255,000	619,970,000	684,543,000	630,268	494,639,000	554,853,000	404,480,000	427,608,000	568,282,000	856,101,000	1,298,911,000	1,765,021,000	1,749,427,000	1,773,524,000	1,586,288,000	1,833,723,000	1,682,060,000	1,631,817,000	1,295,024,000	1,498,025,000	1,351,495,000
short-term debt	304,656,000	394,349,000	464,540,000	476,891,000	415,401,000	437,418,000	654,606,000	733,544	486,113,000	447,537,000	258,232,000	514,247,000	434,737,000	495,126,000	522,079,000	479,644,000	393,593,000	259,946,000	274,919,000	254,918,000	279,758,000	831,076,000	458,127,000	233,314,000	257,453,000	294,378,000	615,011,000	671,666,000	365,156,000	328,067,000	309,002,000	306,271,000	327,019,000	266,892,000	286,011,000	557,163,000	490,129,000	618,236,000	636,862,000	258,921,000	290,422,000	274,944,000	264,918,000	229,070,000	227,927,000	348,910,000	368,903,000	319,710,000	319,829,000	224,884,000	224,842,000	225,672,000	199,855,000	200,435,000	188,865,000	200,452,000	199,925,000	233,410,000	337,035,000	372,847,000	345,342,000	124,402,000	241,099,000
long-term debt	2,320,793,000	2,320,013,000	2,325,642,000	2,324,945,000	2,324,251,000	2,323,676,000	1,630,396,000	1,629,978	1,629,559,000	1,798,583,000	1,798,117,000	1,628,354,000	1,627,547,000	1,627,143,000	1,546,858,000	1,546,494,000	1,546,194,000	1,986,116,000	1,668,322,000	1,667,886,000	1,667,506,000	1,272,104,000	1,346,795,000	1,351,190,000	1,353,395,000	1,355,601,000	1,358,947,000	817,474,000	1,131,215,000	1,132,201,000	1,130,806,000	1,131,796,000	1,132,791,000	1,133,544,000	1,133,928,000	743,953,000	743,733,000	743,518,000	743,306,000	992,463,000	991,808,000	991,491,000	991,176,000	990,865,000	990,566,000	990,270,000	989,976,000	965,295,000	791,066,000	790,817,000	790,571,000	790,335,000	790,101,000	789,871,000	789,424,000	789,208,000	796,263,000	795,846,000	795,644,000	499,192,000	498,913,000	598,265,000	598,138,000
other liabilities	840,807,000	709,878,000	639,726,000	629,723,000	583,424,000	457,887,000	474,007,000	464,151	487,632,000	541,700,000	554,797,000	643,550,000	704,674,000	737,538,000	754,472,000	722,009,000	803,036,000	756,754,000	752,523,000	716,373,000	612,178,000	579,356,000	585,945,000	528,064,000	460,682,000	557,824,000	493,726,000	474,264,000	528,877,000	489,609,000	492,175,000	436,105,000	563,102,000	384,843,000	349,631,000	382,821,000	380,158,000	355,428,000	360,571,000	377,218,000	325,458,000	322,149,000	309,436,000	261,898,000	330,070,000	309,849,000	370,988,000	251,741,000	283,936,000	313,853,000	312,417,000	283,870,000	290,666,000	339,465,000	310,835,000	203,220,000	230,053,000	245,102,000	264,211,000	187,034,000	181,540,000	229,478,000	233,796,000
total liabilities	24,839,113,000	24,838,528,000	24,390,318,000	24,279,843,000	23,770,661,000	24,918,195,000	23,071,052,000	23,531,432	23,564,696,000	21,542,896,000	22,727,652,000	23,013,832,000	20,477,190,000	20,720,057,000	20,956,308,000	21,125,242,000	20,888,427,000	20,963,135,000	20,280,559,000	20,275,639,000	19,816,985,000	19,685,811,000	18,831,632,000	18,479,375,000	18,155,047,000	18,090,012,000	17,930,583,000	17,307,092,000	17,362,042,000	17,243,564,000	17,825,922,000	17,524,524,000	17,342,149,000	16,990,648,000	16,696,282,000	16,229,278,000	15,797,661,000	15,835,938,000	15,714,854,000	15,812,879,000	15,340,715,000	15,142,853,000	14,875,256,000	14,415,402,000	14,360,838,000	14,318,987,000	14,574,104,000	13,630,971,000	13,187,342,000	12,900,258,000	12,927,483,000	12,788,327,000	12,438,113,000	12,366,082,000	13,448,773,000	13,004,993,000	12,924,349,000	12,534,711,000	12,084,743,000	11,270,149,000	11,509,399,000	11,770,161,000	11,892,529,000
commitments and contingencies
shareholders' equity:
preferred stock, par value 1 per share—5,000,000 shares authorized; outstanding: 0 in 2025 and 2024
common stock	92,218,000	97,218,000	97,218,000	97,218,000	97,218,000	102,218,000	102,218,000	102,218	102,218,000	105,218,000	105,218,000	105,218,000	109,218,000	109,218,000	109,218,000	109,218,000	113,218,000	113,218,000	113,218,000	113,218,000	117,218,000	117,218,000	117,218,000	121,218,000	121,218,000	121,218,000	124,218,000	124,218,000	124,218,000	124,218,000	127,218,000	127,218,000	127,218,000	130,218,000	130,218,000	130,218,000	130,218,000	134,218,000	134,218,000	134,218,000	139,218,000	139,218,000	100,812,000	100,812,000	105,812,000	105,812,000	105,812,000	112,312,000	112,312,000	112,312,000	112,312,000	119,812,000	119,812,000	79,875,000	83,875,000	83,875,000	83,875,000	85,875,000	85,875,000	85,875,000	94,875,000	94,875,000	94,875,000
additional paid-in-capital	536,363,000	552,509,000	538,050,000	524,041,000	527,795,000	543,255,000	534,028,000	526,862	532,474,000	543,693,000	536,126,000	528,639,000	540,636,000	531,516,000	523,068,000	520,564,000	533,683,000	524,647,000	516,013,000	527,435,000	536,727,000	528,060,000	519,428,000	538,051,000	526,518,000
accumulated other comprehensive income	-1,771,444,000	-1,972,891,000	-1,983,868,000	-1,970,873,000	-2,029,720,000	-2,484,743,000	-2,189,620,000	-2,467,236	-2,772,419,000	-2,458,974,000	-2,943,897,000	-2,961,093,000	-1,811,549,000	-731,493,000	869,495,000	2,677,583,000	2,661,619,000	2,750,279,000	2,024,515,000	3,029,244,000	2,550,619,000	2,231,893,000	1,066,247,000	1,943,124,000	1,439,250,000	870,067,000	477,624,000	603,499,000	940,199,000	1,424,274,000	1,039,302,000	984,560,000	722,865,000	1,142,826,000	989,157,000	535,475,000	231,947,000	499,829,000	555,319,000	1,165,641,000	882,827,000	887,974,000	606,058,000	210,981,000	237,143,000	333,900,000	850,030,000	960,890,000	734,379,000	501,290,000	549,423,000	545,602,000	153,264,000	55,757,000	356,836,000	72,708,000	-141,405,000	-297,532,000	-896,344,000	-1,438,446,000	-900,865,000	-429,679,000	-289,800,000
retained earnings	8,546,807,000	8,812,765,000	8,453,893,000	8,224,948,000	8,002,521,000	8,225,030,000	7,943,415,000	7,706,655	7,478,813,000	7,519,893,000	7,285,809,000	7,092,544,000	6,633,369,000	6,469,956,000	6,315,609,000	6,182,100,000	6,353,261,000	6,185,966,000	6,020,552,000	5,874,109,000	6,002,407,000	5,838,930,000	5,686,431,000	5,686,636,000	5,514,517,000	5,364,820,000	5,267,964,000	5,115,071,000	4,955,608,000	4,806,208,000	4,239,582,000	4,112,757,000	3,994,665,000	3,934,026,000	3,817,666,000	3,715,179,000	3,614,369,000	3,686,375,000	3,568,715,000	3,472,042,000	3,443,803,000	3,329,397,000	3,659,477,000	3,545,939,000	3,724,146,000	3,613,315,000	3,498,727,000	3,568,655,000	3,462,272,000	3,349,856,000		3,813,959,000	3,693,313,000	3,599,304,000	3,554,063,000	3,452,243,000	3,338,417,000	3,185,308,000	3,096,187,000	2,993,652,000	3,269,586,000	3,226,245,000	3,108,298,000
treasury stock	-1,429,365,000	-1,800,513,000	-1,686,263,000	-1,449,918,000	-1,292,294,000	-1,747,135,000	-1,162,287,000	-829,338	-854,283,000	-1,086,699,000	-1,002,950,000	-919,017,000	-1,110,076,000	-1,056,087,000	-923,370,000	-846,659,000	-1,053,630,000	-957,188,000	-841,961,000	-772,914,000	-982,063,000	-867,732,000	-869,042,000	-976,498,000	-901,105,000	-831,208,000	-858,390,000	-788,256,000	-708,665,000	-631,755,000	-746,803,000	-671,242,000	-591,693,000	-616,758,000	-549,009,000	-471,801,000	-403,266,000	-525,438,000	-428,987,000	-351,226,000	-396,078,000	-298,375,000	-651,587,000	-543,448,000	-761,791,000	-690,976,000	-600,214,000	-786,301,000	-754,932,000	-566,341,000	-492,639,000	-741,558,000	-625,325,000	-216,833,000	-174,376,000	-107,402,000	-44,357,000	-107,790,000	-109,519,000	-109,519,000	-512,275,000	-402,522,000	-314,226,000
total shareholders' equity	5,974,579,000	5,689,088,000	5,419,030,000	5,425,416,000	5,305,520,000	4,638,625,000	5,227,754,000	5,039,161	4,486,803,000	4,623,131,000	3,980,306,000	3,846,291,000	4,361,598,000	5,323,110,000	6,894,020,000	8,642,806,000	8,608,151,000	8,616,922,000	7,832,337,000	8,771,092,000	8,224,908,000	7,848,369,000	6,520,282,000	7,312,531,000	6,700,398,000												4,055,552,000													3,834,154,000
total liabilities and shareholders' equity	30,813,692,000	30,527,616,000	29,809,348,000	29,705,259,000	29,076,181,000	29,556,820,000	28,298,806,000	28,570,593	28,051,499,000	26,166,027,000	26,707,958,000	26,860,123,000	24,838,788,000	26,043,167,000	27,850,328,000	29,768,048,000	29,496,578,000	29,580,057,000	28,112,896,000	29,046,731,000	28,041,893,000	27,534,180,000	25,351,914,000	25,791,906,000	24,855,445,000												19,853,213,000													16,734,412,000
preferred stock, par value 1 per share—5,000,000 shares authorized; outstanding: 0 in 2024 and 2023
preferred stock, par value 1 per share—5,000,000 shares authorized; outstanding: 0 in 2023 and 2022
future policy benefits													16,556,827,000	16,403,710,000	16,229,940,000	16,034,727,000	15,837,212,000	15,642,106,000	15,433,249,000	15,243,536,000	15,045,864,000	14,826,175,000	14,617,072,000	14,358,592,000	14,218,030,000	14,084,082,000	13,842,694,000	13,702,887,000	13,571,585,000	13,439,472,000	13,298,069,000	13,127,651,000	12,972,517,000	12,678,227,000	12,544,683,000	12,394,378,000	12,245,811,000	12,117,926,000	12,004,366,000	11,871,991,000	11,638,992,000	11,521,630,000	11,376,058,000	11,256,155,000	11,118,833,000	10,967,788,000	10,839,599,000	9,958,274,000	9,820,893,000	9,704,961,000	9,572,257,000	9,470,005,000	9,375,248,000	9,263,983,000	9,031,866,000	9,369,669,000	9,261,705,000	8,992,853,000	8,816,625,000	8,627,715,000	8,387,642,000	8,269,660,000	8,125,428,000
preferred stock, par value 1 per share—5,000,000 shares authorized; outstanding: 0 in 2022 and 2021
preferred stock, par value 1 per share—5,000,000 shares authorized; outstanding: 0 in 2021 and 2020
preferred stock, par value 1 per share—5,000,000 shares authorized; outstanding: 0 in 2020 and 2019
assets related to discontinued operations																										68,557,000	68,571,000	68,568,000	68,590,000	68,520,000	68,572,000	68,623,000	83,345,000	241,214,000	250,800,000
liabilities related to discontinued operations																										51,426,000	50,222,000	49,474,000	50,236,000	49,854,000	49,328,000	39,149,000	13,724,000	62,418,000	60,393,000
preferred stock, par value 1 per share—5,000,000 shares authorized; outstanding: 0 in 2019 and 2018
unearned and advance premiums																										66,924,000	62,139,000	66,872,000	67,058,000	61,430,000	61,536,000	69,106,000	70,022,000	63,204,000	72,649,000	71,537,000	67,021,000	70,334,000	76,978,000	74,729,000	74,202,000	74,973,000	77,911,000	74,174,000	78,098,000	79,333,000	80,221,000	70,145,000	71,734,000	74,475,000	69,539,000	73,202,000	76,603,000	78,940,000	79,015,000	83,086,000	84,866,000	84,700,000	86,601,000	89,457,000	89,389,000	93,525,000	87,468,000
current and deferred income taxes payable																										1,225,497,000	1,072,856,000	1,098,411,000	1,216,687,000	1,312,002,000	2,069,158,000	2,009,825,000	1,864,015,000	2,023,856,000	1,887,091,000	1,665,136,000	1,450,888,000	1,588,992,000	1,564,951,000	1,919,471,000	1,695,854,000	1,647,571,000	1,528,582,000	1,285,574,000	1,272,175,000	1,300,023,000	1,603,569,000	1,612,052,000	1,460,827,000	1,332,334,000	1,518,695,000	1,501,233,000	1,278,037,000	1,248,023,000	1,340,590,000	1,204,453,000	1,114,564,000	959,135,000	613,744,000
shareholders’ equity:
additional paid-in capital																										518,529,000	527,489,000	517,077,000	508,941,000	508,476,000	508,386,000	500,123,000	491,772,000	496,071,000	489,726,000	482,672,000	482,284,000	488,318,000	476,791,000	462,953,000	460,022,000	450,734,000	473,961,000	462,058,000	471,566,000	460,235,000	450,243,000	453,337,000	443,630,000	437,037,000	425,331,000	445,238,000	439,035,000	441,062,000	447,296,000	443,792,000	440,492,000	449,398,000	446,783,000	444,039,000	489,646,000	484,665,000	480,673,000
total shareholders’ equity																										6,043,426,000	5,538,905,000	5,571,609,000	5,820,301,000	6,231,421,000	5,167,685,000	5,053,416,000	4,744,827,000	5,086,383,000	4,877,758,000	4,391,743,000		4,283,302,000	4,306,056,000	4,883,628,000	4,529,792,000	4,508,948,000	4,188,721,000	3,776,342,000	3,776,876,000	3,822,286,000	4,304,598,000	4,308,893,000	3,997,661,000		4,228,908,000	4,183,053,000	3,780,099,000	3,959,165,000	4,267,694,000	3,945,216,000	3,677,022,000	3,315,259,000	2,622,982,000	1,975,601,000	2,440,967,000	2,973,584,000	3,079,820,000
total liabilities and shareholders’ equity																										24,133,438,000	23,469,488,000	22,878,701,000	23,182,343,000	23,474,985,000	22,993,607,000	22,577,940,000	22,086,976,000	22,077,031,000	21,574,040,000	20,621,021,000		20,119,240,000	20,020,910,000	20,696,507,000	19,870,507,000	19,651,801,000	19,063,977,000	18,191,744,000	18,137,714,000	18,141,273,000	18,878,702,000	17,939,864,000	17,185,003,000		17,156,391,000	16,971,380,000	16,218,212,000	16,325,247,000	17,716,467,000	16,950,209,000	16,601,371,000	15,849,970,000	14,707,725,000	13,245,750,000	13,950,366,000	14,743,745,000	14,972,349,000
preferred stock, par value 1 per share—authorized 5,000,000 shares; outstanding: 0 in 2018 and 2017
preferred stock, par value 1 per share—authorized 5,000,000 shares; outstanding: -0- in 2018 and 2017
fixed maturities-available for sale, at fair value																														16,969,325,000							13,758,024,000
preferred stock, par value 1 per share—authorized 5,000,000 shares; outstanding: 0 in 2017 and 2016
preferred stock, par value 1 per share—authorized 5,000,000 shares; outstanding: -0- in 2017 and 2016
preferred stock, par value 1 per share—authorized 5,000,000 shares; outstanding: -0- in 2017 and in 2016
assets
liabilities and shareholders’ equity
other policyholders’ funds																																		96,617,000	96,184,000	95,532,000		95,798,000	95,468,000	95,418,000	96,558,000	96,542,000	95,906,000	94,286,000	94,348,000	94,269,000	93,902,000	93,148,000	92,984,000		92,487,000	92,424,000	92,052,000	91,877,000	90,633,000	90,297,000	90,354,000	90,079,000	89,815,000	89,692,000	90,404,000	90,337,000	90,236,000
preferred stock, par value 1 per share—authorized 5,000,000 shares; outstanding: -0- in 2016 and in 2015
preferred stock, par value 1 per share–authorized 5,000,000 shares; outstanding: -0- in 2016 and in 2015
fixed maturities, available for sale, at fair value																																				14,459,605,000		14,080,199,000	14,121,462,000	14,894,514,000	14,153,044,000	14,128,324,000	13,618,451,000		12,756,917,000	12,862,567,000	13,571,021,000	12,503,376,000	12,308,684,000	11,954,840,000		11,657,513,000	11,025,120,000	10,679,547,000							8,168,032,000
equity securities, at fair value																																				1,610,000	1,635,000	1,582,000	1,545,000	1,474,000	1,417,000	1,427,000	1,309,000	1,884,000	1,654,000	1,587,000	1,404,000	16,659,000	16,820,000	17,134,000	17,056,000	17,308,000	17,240,000	16,979,000							17,188,000
assets held for sale																																				287,766,000	312,843,000
liabilities held for sale																																				49,560,000	51,035,000
preferred stock, par value 1 per share–authorized 5,000,000 shares; outstanding: -0- in 2015 and 2014
preferred stock, par value 1 per share–authorized 5,000,000 shares; outstanding: -0- in 2015 and in 2014
preferred stock, par value 1 per share–authorized 5,000,000 shares; outstanding: -0- in 2014 and in 2013
preferred stock, par value 1 per share—authorized 5,000,000 shares; outstanding: 0 in 2013 and in 2012
preferred stock, par value 1 per share – authorized 5,000,000 shares; outstanding: -0- in 2013 and in 2012
preferred stock, par value 1 per share–authorized 5,000,000 shares; outstanding: -0- in 2012 and in 2011
policy liabilities:
preferred stock, par value 1 per share–authorized 5,000,000 shares; outstanding: -0- in 2013 and in 2012
low-income housing interests																																																255,627,000	264,664,000	273,382,000
due to affiliates																																																124,421,000	124,421,000	124,421,000	124,421,000	124,421,000	124,421,000	124,421,000	124,421,000	124,421,000	124,421,000	124,421,000	124,421,000	124,421,000	124,421,000	124,421,000	124,421,000
preferred stock, par value 1 per share – authorized 5,000,000 shares; outstanding: -0- in 2012 and in 2011
liabilities and shareholders' equity
preferred stock, par value 1 per share—authorized 5,000,000 shares; outstanding: 0 in 2011 and in 2010
retained earnings*																																																			3,634,481,000
deferred acquisition costs and value of insurance purchased																																																				3,447,875,000	3,454,658,000	3,429,819,000	3,355,958,000	3,460,764,000	3,463,308,000	3,417,898,000	3,435,841,000	3,443,032,000	3,352,788,000	3,272,576,000	3,217,875,000
preferred stock, par value 1 per share - authorized 5,000,000 shares; outstanding: -0- in 2011 and in 2010
assets of subsidiary held for sale																																																							1,645,845,000
liabilities of subsidiary held for sale																																																							1,274,845,000
preferred stock, par value 1 per share—authorized 5,000,000 shares; outstanding: -0- in 2010 and in 2009
separate account assets																																																								713,351,000	789,927,000	788,155,000	738,198,000	690,917,000	1,016,048,000	1,189,655,000	1,235,785,000
separate account liabilities																																																								713,351,000	789,927,000	788,155,000	738,198,000	690,917,000	1,016,048,000	1,189,655,000	1,235,785,000
receivable from sale of securities																																																										669,413,000
preferred stock, par value 1 per share—authorized 5,000,000 shares; outstanding: -0- in 2009 and in 2008
deferred and accrued income taxes																																																												345,895,000	540,056,000	808,856,000	898,156,000
preferred stock, par value 1 per share - authorized 5,000,000 shares; outstanding: -0- in 2008 and in 2007
preferred stock, par value 1 per share—authorized 5,000,000 shares; outstanding: -0- in 2008 and in 2007

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2019-03-31	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31

cash provided from (used for) operating activities	1,045,790,000	739,813,000	431,887,000		340,590,000	374,117,000	350,806,000	391,397,000	286,887,000	326,811,000	477,330,000	1,050,387,000	693,390,000	397,133,000	377,658,000	357,983,000	330,209,000	371,830,000	397,818,000	309,314,000	425,748,000	343,554,000	343,538,000
cash provided from (used for) investing activities:
investments sold or matured:
fixed maturities available for sale—sold	456,567,000	272,067,000	53,911,000	533,112,000	163,221,000	483,051,000	27,853,000	410,549,000	46,183,000	130,119,000	15,705,000	346,722,000	219,027,000	75,116,000	24,861,000	17,085,000	12,852,000	61,858,000	0	661,000	1,660,000	50,360,000	27,154,000	0	34,997,000			52,951,000			75,299,000	51,299,000	14,331,000	200,462,000	12,043,000	2,843,000	11,444,000	28,253,000			54,712,000	3,655,000	28,735,000	46,361,000	17,570,000	75,994,000	55,033,000				77,475,000	58,038,000	44,925,000	108,095,000	73,379,000	3,286,000		50,492,000	44,388,000
fixed maturities available for sale—matured or other redemptions	217,427,000	132,253,000	58,796,000	53,167,000	75,890,000	25,514,000	59,871,000	37,716,000	74,677,000	76,699,000	61,560,000	387,787,000	305,656,000	115,160,000	61,338,000	140,838,000	72,132,000	36,683,000	82,690,000	115,609,000	50,635,000	167,387,000	163,905,000	252,543,000	188,253,000
mortgage loans	19,742,000	3,437,000	6,237,000	24,724,000	3,362,000	18,175,000	7,896,000
other long-term investments	82,337,000	25,939,000	18,927,000	13,367,000	15,870,000	13,552,000	573,000	18,099,000	73,570,000	57,643,000	1,950,000	55,877,000	48,334,000	20,929,000	286,000	31,570,000	757,000	3,733,000	7,443,000	6,489,000	28,827,000	231,000			-22,971,000	23,000		3,523,000	3,046,000	3,071,000	466,000	1,394,000	8,000	1,288,000	2,021,000	380,000	51,000	47,000	-45,000	68,000	1,904,000	-21,000	-14,669,000	14,119,000	894,000	129,000	502,000	581,000	14,115,000	535,000	936,000	3,735,000	965,000	2,908,000	3,495,000	884,000	2,156,000	1,820,000	871,000
total investments sold or matured	776,073,000	433,696,000	137,871,000	624,370,000	258,343,000	540,292,000	96,193,000	510,368,000	194,430,000	264,461,000	79,215,000	790,386,000	573,017,000	211,205,000	86,485,000	189,493,000	85,741,000	102,274,000	90,133,000	122,759,000	81,122,000	217,978,000	191,059,000																				248,303,000	211,021,000	487,642,000	202,319,000	84,976,000	147,201,000	323,447,000	118,736,000	165,684,000	233,408,000	241,271,000	250,664,000	368,402,000	229,092,000	114,897,000	245,578,000	210,735,000
acquisition of investments:
fixed maturities—available for sale	-775,630,000	-511,297,000	-236,058,000	-378,573,000	-77,569,000	-240,669,000	-682,427,000	-459,710,000	-453,676,000	-337,518,000	-285,505,000	-1,178,751,000	-717,994,000	-339,145,000	-316,391,000	-272,859,000	-119,265,000	-295,869,000	-357,063,000	-342,496,000	-351,121,000	-211,754,000	-353,416,000	-282,295,000	-421,111,000	-540,442,000	-358,753,000	-1,042,705,000	-676,648,000	-461,324,000	-910,090,000	-651,267,000	-287,204,000
total investments acquired	-982,498,000	-631,782,000	-287,418,000	-432,455,000	-400,523,000	-359,284,000	-821,301,000	-575,140,000	-561,583,000	-380,806,000	-333,403,000	-1,365,026,000	-875,907,000	-461,155,000	-368,078,000	-337,493,000	-195,243,000	-361,866,000	-410,218,000	-399,280,000	-457,516,000	-261,650,000	-380,097,000	-340,303,000	-444,082,000	-604,886,000	-412,606,000	-1,059,480,000	-678,423,000	-461,324,000	-930,494,000	-673,029,000	-287,848,000										-351,569,000	-340,936,000	-317,934,000	-195,799,000	-235,025,000	-133,961,000	-461,696,000	-235,244,000	-495,014,000	-384,292,000	-680,970,000	-963,832,000	-251,047,000	-233,131,000	-268,450,000	-246,331,000	-432,840,000
net increase in policy loans	-29,872,000	-18,952,000	-8,506,000		-14,995,000	-11,436,000	-7,621,000	-12,467,000	-10,995,000	-10,822,000	-7,870,000	-15,792,000	-7,553,000	-2,324,000	-3,843,000	-2,703,000	1,209,000	82,000	-3,168,000	-1,670,000	-408,000	-3,641,000	-8,423,000	-5,013,000	-5,390,000	-8,279,000	-2,854,000	-15,343,000	-8,089,000	-2,599,000			-4,378,000	-6,420,000	-6,089,000	-5,236,000	-2,608,000	-7,175,000	-5,852,000	-3,085,000	-7,020,000	-8,536,000	-5,320,000	-3,961,000	-6,410,000			-8,049,000
net increase in short-term investments	22,211,000	-31,689,000	-49,031,000		59,000	-42,147,000	23,327,000	2,194,000	-12,806,000	3,249,000	39,744,000	-16,628,000	-46,679,000	11,801,000	24,219,000	278,558,000	-278,574,000	14,434,000	156,097,000	267,772,000	-259,050,000	-234,316,000	-3,464,000	60,665,000	-62,471,000	58,527,000	47,048,000	6,556,000	-22,347,000	-48,950,000	-11,138,000	6,185,000	-89,905,000	8,897,000	-34,968,000	63,193,000	-76,006,000	-30,536,000	60,504,000	-32,175,000	59,098,000	-32,976,000	73,238,000	-81,390,000	-276,484,000	-53,563,000	-34,734,000			-54,337,000	124,143,000	78,255,000	25,124,000	378,285,000	-336,284,000	-161,297,000	6,263,000	12,300,000	26,852,000
additions to property and equipment	-121,979,000	-24,687,000	-11,746,000	-14,998,000	-29,309,000	-17,632,000	-9,106,000	-13,104,000	-10,820,000	-17,419,000	-8,210,000															-18,735,000	-11,966,000	-13,451,000	-8,080,000	-3,978,000	-10,138,000	-6,740,000	-3,879,000
other investing activities				0											2,500,000				48,000
investments in low-income housing interests	-41,709,000	-30,569,000	-21,124,000	-2,418,000	-9,970,000	-4,442,000	-13,428,000	-10,028,000	-16,061,000	-21,030,000	-17,246,000	-64,023,000	-37,181,000	-27,870,000	-17,885,000	-15,504,000	-10,652,000	-9,080,000	-9,198,000	-5,620,000	-2,306,000	-20,743,000
cash provided from (used for) investing activities	-377,774,000	-303,983,000	-239,954,000		-196,299,000	105,351,000	-731,936,000	-98,177,000	-417,835,000	-162,367,000	-247,770,000	-690,849,000	-407,930,000	-275,324,000	-284,116,000	46,148,000	-405,717,000	-269,685,000	-189,272,000	-31,801,000	-648,982,000	-311,675,000	-212,211,000	-50,594,000	-305,762,000	-409,241,000	-313,877,000	-732,946,000	-506,580,000	-410,738,000
cash provided from (used for) financing activities:
issuance of common stock	145,569,000	93,391,000	81,394,000	16,935,000	5,088,000	0	29,763,000	53,001,000	18,898,000	5,157,000	37,024,000	49,536,000	34,734,000	25,931,000	2,479,000	1,019,000	33,604,000	32,724,000	20,756,000	9,812,000	717,000	16,808,000	17,975,000	28,006,000	11,592,000	21,352,000	13,569,000	40,891,000	27,970,000	22,225,000	47,053,000	25,286,000	3,763,000
cash dividends paid to shareholders	-64,394,000	-42,524,000	-20,146,000	-20,193,000	-21,611,000	-22,564,000	-21,117,000	-21,171,000	-21,376,000	-21,498,000	-20,071,000	-60,441,000	-40,208,000	-19,687,000	-19,975,000	-20,177,000	-20,380,000	-19,511,000	-19,689,000	-19,962,000	-19,953,000	-18,588,000	-18,841,000	-18,956,000	-17,696,000	-35,406,000	-17,194,000	-51,532,000	-34,093,000	-16,503,000	-50,258,000	-33,478,000	-16,524,000	-16,682,000	-16,911,000	-17,096,000	-16,210,000	-16,648,000	-16,761,000	-15,219,000	-15,424,000	-15,571,000	-15,780,000	-14,136,000	-14,308,000	-14,898,000	-12,087,000	-12,100,000	-12,280,000	-12,508,000	-12,226,000	-12,410,000	-12,425,000	-11,582,000	-11,584,000	-11,858,000	-12,367,000	-12,570,000	-11,765,000
proceeds from issuance of debt				0				0	0			250,492,000	250,492,000		0	0			0	400,000,000
payment for debt issuance costs	-6,399,000			-115,000				0	-64,000			-5,272,000	-5,272,000		-48,000	0			0	-4,953,000
net borrowing from federal home loan bank	65,000,000	70,000,000	70,000,000
net borrowing (repayment) of commercial paper	1,870,000	26,983,000	-58,474,000	-45,321,000	145,937,000	-119,798,000	5,304,000	67,027,000	-8,695,000	-45,441,000	20,070,000	-60,582,000	-150,047,000	42,348,000	85,965,000	-16,019,000	-14,973,000	20,001,000	-24,840,000	-169,525,000	1,156,000	158,764,000	-24,764,000	-37,550,000	-14,095,000	50,213,000	36,464,000	42,652,000	40,546,000	61,919,000	25,266,000	45,010,000	66,899,000
proceeds from commercial paper with original maturities greater than 90 days	442,040,000	361,118,000	184,470,000	97,479,000	47,729,000
repayment of commercial paper with original maturities greater than 90 days	-529,962,000	-408,962,000	-134,506,000	-57,175,000	-78,050,000
acquisition of treasury stock	-688,719,000	-514,855,000	-264,544,000	-51,661,000	-591,106,000	-335,873,000	-23,469,000	-145,171,000	-96,898,000	-89,755,000	-179,276,000	-335,452,000	-263,421,000	-119,482,000	-148,055,000	-97,796,000	-162,864,000	-132,720,000	-147,218,000	-129,919,000	0	-166,729,000	-104,372,000	-119,201,000	-110,896,000	-206,589,000	-109,954,000	-301,448,000	-203,756,000	-113,719,000	-311,356,000	-202,975,000	-85,089,000	-88,460,000	-118,499,000	-100,948,000	-110,619,000	-103,771,000	-112,678,000	-125,635,000	-139,584,000	-96,416,000	-117,025,000	-129,239,000	-76,456,000	-199,694,000	-189,949,000	-125,943,000	-428,431,000	-235,913,000	-70,911,000	-63,405,000	-13,485,000	0	0	-47,564,000	-133,267,000	-98,475,000	-147,541,000
net receipts (payments) from deposit-type products	107,951,000	59,600,000	17,342,000	-10,123,000	37,055,000	-39,239,000	124,475,000	-27,417,000	46,911,000	-61,950,000	-54,487,000	-66,078,000	-33,782,000	-13,810,000	-15,962,000	-17,540,000	-16,925,000	-13,811,000	-16,070,000	-11,985,000	-25,222,000	-19,651,000
cash provided from (used for) financing activities	-527,044,000	-355,249,000	-124,464,000		-95,096,000	-476,742,000	356,956,000	-271,731,000	136,776,000	-254,792,000	-151,740,000	-377,797,000	-207,504,000	-84,700,000	-95,596,000	-450,513,000	135,823,000	-113,317,000	-187,061,000	-309,032,000	253,307,000	-31,271,000	-153,286,000	-186,657,000	-169,481,000	-250,967,000	-103,343,000	-336,599,000	-214,252,000	-67,252,000	-206,121,000	-63,988,000	-48,592,000
effect of foreign exchange rate changes on cash	-3,581,000	-6,784,000	-524,000	13,434,000	-2,560,000	1,641,000	4,565,000	-3,879,000	4,707,000	-6,749,000	1,729,000	11,682,000	2,138,000	-1,644,000	-2,108,000	4,635,000	-3,747,000	-2,171,000	-6,739,000	-2,411,000	-6,412,000	13,829,000	-685,000	-4,124,000	-1,726,000	7,355,000	4,883,000	-3,998,000	3,265,000	2,825,000	-3,268,000	-5,172,000	-5,797,000	19,809,000	8,995,000	-1,189,000	6,754,000	6,462,000	-4,853,000	7,628,000	3,548,000	-1,422,000			1,826,000	903,000	-2,576,000	409,000	2,100,000	-3,455,000	-3,494,000	875,000	-1,634,000				-7,435,000	-602,000	-2,000
net increase in cash	137,391,000	73,797,000	66,945,000	30,776,000	46,635,000	4,367,000	-19,609,000	17,610,000	10,535,000	-97,097,000	79,549,000	-6,577,000	80,094,000	35,465,000	-4,162,000	-41,747,000	56,568,000	-13,343,000	14,746,000	-33,930,000	23,661,000	14,437,000	-22,644,000	21,977,000	-53,684,000	-36,333,000	-29,948,000	12,299,000	21,489,000	-14,409,000	43,517,000	-11,705,000	-48,625,000		-3,364,000			21,195,000	5,787,000	3,073,000		-6,145,000	19,681,000	-36,454,000	228,165,000	-7,636,000	-5,811,000	85,730,000	-193,443,000	-82,006,000	5,174,000	-12,647,000	-191,979,000	-168,088,000	292,923,000	285,000	-1,729,000	10,280,000	-12,154,000
cash at beginning of year	165,325,000	165,325,000	165,325,000	0	0	0	103,156,000	0	0	0	92,559,000	92,163,000	92,163,000	92,163,000	0	0	0	94,847,000	0	0	0	75,933,000	0	0	121,026,000	118,563,000	118,563,000	76,163,000	76,163,000	76,163,000	61,383,000	61,383,000	61,383,000	0	0	0	66,019,000	0	0	36,943,000	0	0	0	61,710,000	0	0	84,113,000	0	0	365,679,000	0	0	231,918,000	0	0	46,400,000	0	0	20,098,000
cash at end of period	302,716,000	239,122,000	232,270,000		46,635,000	4,367,000	83,547,000		10,535,000	-97,097,000	172,108,000	85,586,000	172,257,000	127,628,000		-41,747,000	56,568,000	81,504,000		-33,930,000	23,661,000	90,370,000	-22,644,000	21,977,000	67,342,000	82,230,000	88,615,000	88,462,000	97,652,000	61,754,000	104,900,000	49,678,000	12,758,000		-3,364,000	59,763,000	3,086,000	21,195,000	5,787,000	40,016,000		-6,145,000	19,681,000	25,256,000	228,165,000	-7,636,000	78,302,000	85,730,000	-193,443,000	283,673,000	5,174,000	-12,647,000	39,939,000	-168,088,000	292,923,000	46,685,000	-1,729,000	10,280,000	7,944,000
balance at july 1, 2025	-1,251,427,000
other comprehensive income before reclassifications, net of tax	342,044,000	-107,155,000	169,609,000									-1,079,185,000	-1,611,891,000													257,595,000		55,160,000	257,595,000
reclassifications, net of tax	7,847,000	8,376,000	-2,639,000									9,592,000	17,585,000													403,000		-8,314,000	403,000
other comprehensive income	349,891,000	-98,779,000	166,970,000									-1,069,593,000	-1,594,306,000													257,998,000		46,846,000	257,998,000
balance at september 30, 2025	-901,536,000
balance at april 1, 2025		-1,152,648,000
balance at june 30, 2025		-1,251,427,000
balance at january 1, 2025			-1,319,618,000
balance at march 31, 2025			-1,152,648,000
net income
adjustments to reconcile net income to cash from operations:
increase in future policy benefits
increase in other policy benefits
deferral of policy acquisition costs
amortization of deferred policy acquisition costs
change in current and deferred income taxes
realized losses
other
cash from operating activities
capital expenditures
free cash flows
cash from investing activities:
net decrease in policy loans
net decrease in short-term investments
cash from investing activities
cash from financing activities:
repayment of debt								0	0			-150,000,000			0				0	-382,500,000	-2,500,000	-1,875,000	-1,875,000	-1,875,000	-1,250,000	-21,875,000	-625,000	-1,250,000	-625,000
amounts paid to reinsurer
cash from financing activities																																			-164,836,000	-1,133,000	-105,089,000	-115,340,000	-107,543,000	-103,867,000		-211,537,000	-133,816,000	-62,967,000	128,574,000	-111,154,000	-91,867,000	-112,179,000	-437,475,000	-203,001,000	-79,457,000	-96,317,000	-68,394,000	-35,362,000	329,350,000	-33,910,000	324,000	-181,475,000	-60,423,000
cash at end of year
property and equipment, net of accumulated depreciation:
company occupied real estate
data processing equipment
transportation equipment
furniture and equipment
total property and equipment, net of depreciation
accounting pronouncements adopted in the current year
standard
asu no. 2022-03, fair value measurement (topic 820): fair value measurement of equity securities subject to contractual sale restrictions
net borrowing from fhlb						-62,000,000	242,000,000
adjustments to reconcile net income to cash provided from operations:
realized (gains) losses
property and equipment, net of depreciation:
balance, net of reinsurance, at original discount rates as of december 31, 2020
effect of changes in discount rate assumptions
effect of capping and flooring
balance, net of reinsurance, at current discount rates as of january 1, 2021
short-term borrowings from fhlb											45,000,000
additions to properties												-19,766,000	-13,627,000	-6,981,000	-7,514,000	-7,003,000	-8,198,000	-15,529,000	-12,966,000	-8,645,000	-10,829,000	-9,316,000	-8,395,000	-14,639,000	-7,015,000									-6,294,000	-16,714,000	-7,869,000	-6,080,000	-4,476,000	-4,931,000	-5,075,000	-6,804,000	-2,117,000	-1,392,000	-855,000	-1,175,000	-2,202,000	-479,000	-1,528,000	-638,000	-761,000	-619,000	-1,894,000	-324,000	-1,679,000	-1,173,000	-2,084,000	-1,974,000	-2,246,000	-4,385,000
balance at july 1, 2022												-643,385,000
balance at september 30, 2022												-1,712,978,000
balance at april 1, 2022													950,921,000
balance at june 30, 2022													-643,385,000
accounting pronouncements yet to be adopted
asu no. 2018-12/2019-09/2020-11, financial services - insurance (topic 944): targeted improvements to the accounting for long-duration contracts, with clarification guidance issued in november 2019 and 2020.
adjustments to reconcile net income from continuing operations to cash provided from continuing operations:
loss (income) from discontinued operations, net of income taxes
net cash provided from (used for) continuing operations
net cash provided from (used for) discontinued operations
assets acquired:
trade name
value of customer relationships acquired
value of distribution acquired
goodwill
ceding commission
total purchase price
asu no. 2020-08, codification improvements to subtopic 310-20, receivables-nonrefundable fees and other costs
assets:
commercial mortgage loans
agent debit balances
commercial mortgage loan participations
sale of other assets																					5,000	13,000				17,000		18,000	18,000	18,000
dispositions of properties																							17,000
investment in low-income housing interests																							-2,908,000	-3,862,000	-10,054,000	-15,701,000	-7,518,000	-13,852,000	-8,875,000	-5,875,000	-16,126,000	-9,260,000	-7,925,000		-15,124,000	-5,089,000	-6,865,000	-17,249,000	-6,988,000	-15,042,000		-14,473,000	-12,252,000	-7,738,000	-14,094,000	-26,764,000	-21,595,000	-9,841,000	-15,975,000	-6,861,000	-14,855,000	-14,878,000	-11,787,000	-10,107,000	-3,841,000	-5,110,000
net receipts (payments) from deposit product																							-21,409,000
asu no. 2016-02/2018-11, leases (topic 842), with clarification guidance issued in july 2018.
asu no. 2017-08, receivables—nonrefundable fees and other costs (topic 310-20): premium amortization on purchased callable debt securities
other long term investments
cash provided from operating activities																									423,285,000	616,520,000	382,389,000	1,085,842,000	739,056,000	460,756,000	971,926,000	604,935,000
disposition of investments:
total investments disposed																									223,250,000
net receipts (payments) from deposit-type product																									-37,136,000	-58,662,000	-25,603,000	-65,912,000	-44,294,000	-21,174,000	-57,188,000	-38,193,000	-17,641,000
fixed maturities available for sale—matured, called, and repaid																										179,793,000	74,019,000	306,132,000	216,170,000	108,899,000	178,873,000	92,475,000	44,622,000	33,362,000	128,807,000	86,435,000	127,554,000	110,535,000			40,669,000	83,254,000	219,421,000	150,541,000	469,178,000	126,196,000	29,441,000				87,273,000	171,635,000	195,381,000	139,661,000	291,528,000	224,922,000		193,266,000	165,476,000
total long-term investments sold or matured																										179,816,000	74,019,000	362,606,000	219,216,000	111,970,000	254,638,000	145,168,000	58,961,000		142,871,000	89,658,000	139,049,000	138,835,000	97,206,000	39,105,000
balance at april 1, 2017																										832,057,000			832,057,000
balance at june 30, 2017																										1,090,055,000			1,090,055,000
balance at april 1, 2018																										1,082,896,000
balance at june 30, 2018																										746,514,000
equity in earnings of affiliates
cash dividends from subsidiaries
cash from operations
investment in subsidiaries
loaned money to affiliates
repayments from affiliates
net issuance (repayment) of commercial paper
issuance of stock
acquisitions of treasury stock
borrowed money from affiliate
repayments to affiliates
excess tax benefit on stock option exercises
payment of dividends
cash balance at beginning of period
cash balance at end of period
dividends from subsidiaries
stock-based compensation not involving cash
purchase of agent debit balances
net change in payable or receivable for securities																															94,000	-711,000	2,990,000							-902,000	2,000	2,000	196,000	-44,187,000	-24,316,000	25,389,000	11,423,000	0	-1,000	2,833,000	38,687,000	623,000	1,453,000	-16,527,000	45,528,000	-11,657,000
balance at july 1, 2017																												1,090,055,000
balance at september 30, 2017																												1,136,901,000
balance at july 1, 2016																												1,084,551,000
balance at september 30, 2016																												1,236,054,000
balance at april 1, 2016																													634,337,000
balance at june 30, 2016																													1,084,551,000
net (increase) in policy loans																															-6,623,000	-9,093,000
sales of other assets																															767,000
cash from (used for) investing activities																															-719,020,000	-547,480,000
repayment of 6.375% notes																															-250,000,000	-250,000,000
issuance of term loan																															100,000,000	100,000,000
issuance of 6.125% junior subordinated debentures																															300,000,000	300,000,000
issue expenses of debt offering																															-9,638,000	-9,638,000
excess tax benefit from stock option exercises																																		1,898,000	4,690,000	6,037,000	4,952,000	1,386,000	6,732,000	4,366,000	6,646,000	4,911,000	3,866,000	5,892,000	4,397,000	981,000	9,273,000
•
cash provided from operations																																	337,748,000		275,771,000	174,392,000	279,729,000	225,015,000	144,533,000	274,850,000	348,277,000	278,522,000	202,107,000	290,374,000	250,537,000	163,084,000	284,047,000	231,749,000	152,686,000	300,047,000	270,099,000	171,573,000	303,282,000	228,392,000	141,977,000	218,382,000	190,523,000	190,425,000	232,933,000
cash provided from (used for) investment activities:
cash from (used for) investment activities																																	-331,984,000
(income) from discontinued operations, net of income taxes
realized (gains) losses on sale of investments and properties
cash provided from (used for) operations
equity securities
sales of properties
cash provided from (used for) investment activities
repayment of 7.375% notes																																									0
increase in cash
long-term investments sold or matured:
long-term investments acquired:
fixed maturities																																			-188,270,000	-250,077,000	-291,798,000	-174,376,000	-167,230,000	-158,344,000		-100,607,000	-351,064,000	-340,891,000	-317,261,000	-198,377,000	-231,370,000	-133,961,000	-465,723,000	-231,217,000	-487,071,000	-377,125,000	-675,579,000	-956,844,000	-245,627,000	-229,992,000	-262,880,000	-240,626,000	-430,576,000
total long-term investments acquired																																			-188,290,000	-251,944,000	-291,817,000	-174,376,000	-167,210,000	-158,364,000
disposition of properties																																						35,000				310,000	47,000	200,000	-1,000	38,000	19,000	57,000	2,718,000	37,000				24,000			145,000	470,000	153,000
cash from investment activities																																			-123,294,000	-112,307,000	-244,327,000	-94,942,000	-26,350,000	-175,538,000	-226,075,000	-71,708,000	-48,749,000	-267,846,000	-152,772,000	-60,469,000	-195,415,000	-34,249,000	89,246,000	-175,597,000	-181,974,000	-88,778,000	-425,233,000	-363,172,000	-178,404,000	-184,187,000	-185,141,000	1,932,000	-184,662,000
proceeds from exercise of stock options																																			11,012,000	9,684,000	11,823,000	4,542,000	21,061,000	13,954,000		19,739,000	21,987,000	31,396,000	35,033,000	8,836,000	94,439,000	6,069,000	9,328,000	45,171,000	3,567,000	364,000	1,673,000	1,640,000	0	749,000	15,803,000	7,667,000	1,932,000
net borrowings (repayments) of commercial paper																																			-18,755,000	128,447,000	20,523,000	15,478,000	10,026,000	35,848,000		-26,957,000	-20,028,000	49,825,000	-94,041,000	94,945,000	42,000	25,817,000	-580,000	1,560,000	-11,587,000	527,000	-33,382,000	-4,570,000	-35,804,000	-30,852,000	121,461,000	-116,697,000	39,041,000
net receipts (withdrawals) from deposit-type products																																			-26,373,000	-27,257,000	-15,558,000	-16,327,000	-15,923,000	-17,181,000
basic weighted-average shares outstanding																																			-1,358,947,000	-1,304,158,000	127,121,101,000	-1,521,280,000	42,715,539,000	88,775,643,000		-926,199,000	-1,385,410,000	93,580,778,000	-1,770,458,000	-3,172,059,000	100,068,360,000	-6,230,712,000	33,131,916,000	77,878,218,000	-1,241,444,000	-829,215,000	82,846,370,000	11,479,000	-1,140,661,000	83,875,426,000	-2,442,219,000	-1,326,881,000	90,788,310,000
weighted-average dilutive options outstanding																																			59,615,000	156,947,000	1,465,751,000	83,663,000	575,590,000	1,248,050,000		302,304,000	112,769,000	989,132,000	286,579,000	-262,232,000	1,191,932,000	-1,288,354,000	356,524,000	1,464,550,000	-6,333,000	218,673,000	367,402,000				-444,246,000	147,956,000	1,088,347,000
diluted weighted-average shares outstanding																																			-1,299,332,000	-1,147,211,000	128,586,852,000	-1,437,617,000	43,291,129,000	90,023,693,000		-623,895,000	-1,272,641,000	94,569,910,000	-1,483,879,000	-3,434,291,000	101,260,292,000	-7,519,066,000	33,488,440,000	79,342,768,000	-1,247,777,000	-610,542,000	83,213,772,000	108,809,000	-1,140,661,000	83,875,426,000	-2,886,465,000	-1,178,925,000	91,876,657,000
antidilutive shares																																					605,188,000			3,513,000
net (decreases) increase in cash																																					-62,933,000
equities																																							0	700,000
fixed maturities available for sale - sold																																								16,049,000								73,733,000	111,471,000	15,052,000
fixed maturities available for sale - matured, called, and repaid																																								22,288,000								72,887,000	197,861,000	103,149,000
change in other receivables
loss on disposal of subsidiary
cash from investment activities:
acquisition of family heritage, net of cash acquired
proceeds from sale of subsidiary
issuance of 3.8% senior notes
issuance of 5.875% junior subordinated debentures
issue expenses of debt offerings
redemption of 7.1% junior subordinated debentures
equities and other long-term investments																																										-199,000
long -term investments acquired:
proceeds from issuance of 3.8% senior notes
proceeds from issuance of 5 7/8% junior notes
net receipts (withdrawals) from deposit product operations																																										-3,193,000	-6,836,000	-6,705,000	6,050,000	-1,324,000	6,415,000	-8,195,000	-6,771,000	-6,976,000	11,380,000	-12,480,000	-10,775,000	78,062,000	80,430,000	55,615,000	6,439,000	37,693,000	57,461,000
investments acquired:
antidilutive shares*																																															66,813,000	2,909,679,000	194,886,000	880,362,000	3,965,000	-12,000,000	7,106,533,000	-581,036,000	-149,788,000	9,623,629,000	58,000,000	545,423,000	1,263,689,000
effect of foreign currency translation on cash																																												3,985,000
antidilutive shares *
net change in short-term investments																																																-28,128,000
repurchase of 9 1/4% senior notes																																																			0
tax benefit from stock option exercises																																																2,173,000	1,259,000	5,665,000							2,255,000	907,000	449,000
net proceeds from issuance of 9 1/4% senior notes
repayment of 8 1/4% senior debentures
net proceeds from issuance of 9 1 /4% senior notes
acquisition of dmad
net effect of change in payable or receivable for securities																																																										-378,000	25,462,000
acquisitions of low-income housing tax credit interests																																																										-7,461,000	-10,639,000

Globe Life Inc(NYSE:GL)

Globe Life Inc
(NYSE:GL)