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Globe Life
Globe Life (GL) investor relations material
Globe Life Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary5 Feb, 2026
Executive summary
Fourth quarter net income was $266 million ($3.29 per share), up from $255 million ($3.01 per share) year-over-year; net operating income was $274 million ($3.39 per share), up from $3.14.
Full-year 2025 net operating income reached $14.52 per share, slightly above guidance midpoint, and net income was $14.07 per share, both up 8% year-over-year.
Return on equity (ROE) through December 31 was 20.9% GAAP, or 16% excluding AOCI; book value per share rose 11% to $96.16.
Financial highlights
Total premium revenue in Q4 grew 5% year-over-year; life premium revenue up 3% to $850 million.
Life underwriting margin increased 4% to $350 million; health premium revenue up 9% to $392 million.
Health underwriting margin rose 9% to $99 million.
Insurance underwriting income for Q4 2025 was $359.7 million, up 6% year-over-year; per share, $4.45 vs. $3.99.
Net investment income was $281 million, flat year-over-year; excess investment income declined by $8 million.
Outlook and guidance
2026 net operating earnings per diluted share expected at $14.95–$15.65, a 5% increase at midpoint.
Total premium revenue projected to grow 7%–8% in 2026; life premiums up 4%–4.5%, health premiums up 14%–16%.
Health premium growth driven by Medicare Supplement sales and rate increases.
Underwriting margins for 2026 expected at 41.5%–44.5% (life) and 23%–27% (health).
Share repurchases to remain primary use of excess cash flow after dividends.
Drivers of United American health sales surge
Explain excess investment income decline Q4
Share repurchase impact on 2026 EPS guidance
Partial view of Summaries dataset, powered by Quartr API
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Next Globe Life earnings date
Q1 202630 Apr, 2026
Globe Life
Next Globe Life earnings date
Q1 202630 Apr, 2026
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Frequently asked questions
Globe Life And Accident Insurance Company provides life insurance products and services to lower middle to middle income households. The company offers whole and term life insurance products; funeral and final expense life insurance policies; endowments; and annuities. The company serves approximately four million customers through approximately 1,200 independent marketing agents. Globe Life Inc. was founded in 1951 and is headquartered in McKinney, Texas.
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