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Business Segments (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Premium Revenue by Distribution Channel The tables below present segment premium revenue by each of Globe Life's distribution channels.
 

Premium Income by Distribution Channel
For the Year 2019
 LifeHealthAnnuityTotal
Distribution ChannelAmount% of
Total
Amount% of
Total
Amount% of
Total
Amount% of
Total
American Income$1,160,495  46  $99,447   $—  —  $1,259,942  35  
Direct to Consumer855,543  34  77,557   —  —  933,100  26  
Liberty National285,551  11  189,578  18  —  —  475,129  13  
United American10,571   416,582  39   100  427,157  12  
Family Heritage3,830  —  294,182  27  —  —  298,012   
Other201,794   —  —  —  —  201,794   
$2,517,784  100  $1,077,346  100  $ 100  $3,595,134  100  

 For the Year 2018
 LifeHealthAnnuityTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount
% of
Total
Amount
% of
Total
American Income$1,081,333  45  $93,313   $—  —  $1,174,646  34  
Direct to Consumer828,935  34  76,297   —  —  905,232  26  
Liberty National278,878  12  191,378  19  —  —  470,256  14  
United American11,451   381,076  38  12  100  392,539  12  
Family Heritage3,501  —  273,275  27  —  —  276,776   
Other202,457   —  —  —  —  202,457   
$2,406,555  100  $1,015,339  100  $12  100  $3,421,906  100  
 For the Year 2017
 LifeHealthAnnuityTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount
% of
Total
Amount% of
Total
American Income$999,279  43  $89,036   $—  —  $1,088,315  33  
Direct to Consumer812,907  35  73,468   —  —  886,375  27  
Liberty National274,635  12  196,207  20  —  —  470,842  14  
United American12,547   364,128  37  15  100  376,690  12  
Family Heritage3,193  —  253,534  26  —  —  256,727   
Other203,986   —  —  —  —  203,986   
$2,306,547  100  $976,373  100  $15  100  $3,282,935  100  
Reconciliation of Segment Operating Information to Consolidated Statement of Operations The following tables set forth a reconciliation of Globe Life's revenues and operations by segment to its major income statement line items. See Note1 Significant Accounting Policies for additional information concerning reconciling items of segment profits to pretax income.
Twelve Months Ended December 31, 2019
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$2,517,784  $1,077,346  $ $—  $—  $—  $3,595,134  
Net investment income—  —  —  910,459  —  —  910,459  
Other income—  —  —  —  1,318  —  1,318  
Total revenue2,517,784  1,077,346   910,459  1,318  —  4,506,911  
Expenses:
Policy benefits1,638,053  687,764  31,532  —  —  —  2,357,349  
Required interest on reserves(666,168) (87,289) (43,522) 796,979  —  —  —  
Required interest on DAC202,502  25,435  494  (228,431) —  —  —  
Amortization of acquisition costs436,881  112,825  2,020  —  —  —  551,726  
Commissions, premium taxes, and non-deferred acquisition costs203,052  94,973  22  —  —  —  298,047  
Insurance administrative expense(1)
—  —  —  —  240,321  8,758  (2,3)249,079  
Parent expense—  —  —  —  10,260  643  (4) 10,903  
Stock-based compensation expense—  —  —  —  44,843  —  44,843  
Interest expense—  —  —  84,306  —  —  84,306  
Total expenses1,814,320  833,708  (9,454) 652,854  295,424  9,401  3,596,253  
Subtotal703,464  243,638  9,458  257,605  (294,106) (9,401) 910,658  
Non-operating items—  —  —  —  —  9,401  (2,3,4)9,401  
Measure of segment profitability (pretax)
$703,464  $243,638  $9,458  $257,605  $(294,106) $—  920,059  
Realized gain (loss)—investments20,621  
Administrative settlements(400) 
Legal proceedings(8,358) 
Non-operating fees(643) 
Income before income taxes per Consolidated Statements of Operations
$931,279  
(1)Administrative expense is not allocated to insurance segments.
(2)During 2019, Globe Life recorded $400 thousand in administrative settlements related to state regulatory examinations. These administrative settlements were included in "Other operating expense" in the Consolidated Statements of Operations.
(3)Legal proceedings. See Note 6—Commitments and Contingencies for further discussion.
(4)Non-operating fees.
Twelve Months Ended December 31, 2018
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$2,406,555  $1,015,339  $12  $—  $—  $—  $3,421,906  
Net investment income—  —  —  882,512  —  —  882,512  
Other income—  —  —  —  1,236  (99) (2) 1,137  
Total revenue2,406,555  1,015,339  12  882,512  1,236  (99) 4,305,555  
Expenses:
Policy benefits1,591,790  649,188  34,264  —  —  —  2,275,242  
Required interest on reserves(636,040) (83,243) (47,357) 766,640  —  —  —  
Required interest on DAC194,297  24,412  589  (219,298) —  —  —  
Amortization of acquisition costs414,200  100,376  2,114  —  —  —  516,690  
Commissions, premium taxes, and non-deferred acquisition costs190,007  88,553  26  —  —  (99) (2) 278,487  
Insurance administrative expense(1)
—  —  —  —  223,941  3,590  (3) 227,531  
Parent expense—  —  —  —  10,684  1,578  (4) 12,262  
Stock-based compensation expense—  —  —  —  39,792  —  39,792  
Interest expense—  —  —  90,076  —  —  90,076  
Total expenses1,754,254  779,286  (10,364) 637,418  274,417  5,069  3,440,080  
Subtotal652,301  236,053  10,376  245,094  (273,181) (5,168) 865,475  
Non-operating items—  —  —  —  —  5,168  (3,4)5,168  
Measure of segment profitability (pretax)
$652,301  $236,053  $10,376  $245,094  $(273,181) $—  870,643  
Realized gain (loss)—investments9,274  
Realized loss—redemption of debt(11,078) 
Administrative settlements(3,590) 
Non-operating fees(1,578) 
Income before income taxes per Consolidated Statements of Operations
$863,671  
(1)Administrative expense is not allocated to insurance segments.
(2)Elimination of intersegment commission.
(3)In 2018, the Company recorded $3.6 million in administrative settlements related to state regulatory examinations.
(4)Non-operating fees.
Twelve Months Ended December 31, 2017
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$2,306,547  $976,373  $15  $—  $—  $—  $3,282,935  
Net investment income—  —  —  847,885  —  —  847,885  
Other income—  —  —  —  1,270  (128) (2) 1,142  
Total revenue  2,306,547  976,373  15  847,885  1,270  (128) 4,131,962  
Expenses:  
Policy benefits  1,549,602  628,640  35,836  —  —  13,797  (3,4) 2,227,875  
Required interest on reserves  (607,007) (77,792) (49,571) 734,370  —  —  —  
Required interest on DAC  186,236  23,454  690  (210,380) —  —  —  
Amortization of acquisition costs  396,268  96,519  2,466  —  —  (4,850) (4) 490,403  
Commissions, premium taxes, and non-deferred acquisition costs  177,111  86,044  32  —  —  1,673  (2,5) 264,860  
Insurance administrative expense(1)
—  —  —  —  210,590  —  210,590  
Parent expense  —  —  —  —  9,631  —  9,631  
Stock-based compensation expense  —  —  —  —  33,654  3,380  (6) 37,034  
Interest expense  —  —  —  84,532  —  —  84,532  
Total expenses  1,702,210  756,865  (10,547) 608,522  253,875  14,000  3,324,925  
Subtotal  604,337  219,508  10,562  239,363  (252,605) (14,128) 807,037  
Non-operating items  14,128  (3,4,5,6) 14,128  
Measure of segment profitability (pretax)
$604,337  $219,508  $10,562  $239,363  $(252,605) $—  821,165  
Realized gain (loss)—investments27,652  
Realized loss—redemption of debt(4,041) 
Administrative settlements(8,659) 
Non-operating fees(288) 
Guaranty fund assessments(1,801) 
Stock-based compensation expense—Tax reform adjustment(3,380) 
Income before income taxes per Consolidated Statements of Operations
$830,648  
(1)Administrative expense is not allocated to insurance segments.
(2)Elimination of intersegment commission.
(3)In 2017, the Company recorded $8.7 million ($5.6 million, net of tax) in administrative settlements where claims were not properly filed or information to support the validity of the claim had not been properly submitted. These administrative settlements were included in "Policyholder benefits" in the Consolidated Statements of Operations.
(4)Non-operating fees.
(5)In 2017, the Company recorded $1.8 million ($1.2 million, net of tax) in unrecoverable guaranty fund assessments.
(6)The Company increased stock-based compensation expense by $3.4 million ($2.2 million, net of tax) due to the impact of the tax rate change on certain performance-based equity awards.
Assets by Segment The tables below reconcile segment assets to total assets as reported in the consolidated financial statements.
 
Assets by Segment
 At December 31, 2019
 LifeHealthAnnuityInvestmentCorporate & OtherConsolidated
Cash and invested assets$—  $—  $—  $19,923,204  $—  $19,923,204  
Accrued investment income—  —  —  245,129  —  245,129  
Deferred acquisition costs3,768,797  569,126  4,018  —  —  4,341,941  
Goodwill309,609  131,982  —  —  —  441,591  
Other assets—  —  —  —  1,025,595  1,025,595  
Total assets
$4,078,406  $701,108  $4,018  $20,168,333  $1,025,595  $25,977,460  


 At December 31, 2018
 LifeHealthAnnuityInvestmentCorporate & OtherConsolidated
Cash and invested assets$—  $—  $—  $17,239,570  $—  $17,239,570  
Accrued investment income—  —  —  243,003  —  243,003  
Deferred acquisition costs3,580,693  548,640  8,592  —  —  4,137,925  
Goodwill309,609  131,982  —  —  —  441,591  
Other assets—  —  —  —  1,033,633  1,033,633  
Total assets
$3,890,302  $680,622  $8,592  $17,482,573  $1,033,633  $23,095,722  
Liabilities by Segment The tables below reconcile segment liabilities to total liabilities as reported in the consolidated financial statements.
Liabilities by Segment
 At December 31, 2019
 LifeHealthAnnuityInvestmentCorporate & OtherConsolidated
Future policy benefits$11,403,078  $2,006,424  $1,098,632  $—  $—  $14,508,134  
Unearned and advance premiums17,701  46,008  —  —  —  63,709  
Policy claims and other benefits payable201,594  163,808  —  —  —  365,402  
Debt—  —  —  1,647,726  —  1,647,726  
Other—  —  —  —  2,098,182  2,098,182  
Total liabilities
$11,622,373  $2,216,240  $1,098,632  $1,647,726  $2,098,182  $18,683,153  

At December 31, 2018
LifeHealthAnnuityInvestmentCorporate & OtherConsolidated
Future policy benefits$10,847,356  $1,927,732  $1,178,738  $—  $—  $13,953,826  
Unearned and advance premiums17,850  43,358  —  —  —  61,208  
Policy claims and other benefits payable196,298  154,528  —  —  —  350,826  
Debt—  —  —  1,665,033  —  1,665,033  
Other—  —  —  —  1,649,652  1,649,652  
Total liabilities
$11,061,504  $2,125,618  $1,178,738  $1,665,033  $1,649,652  $17,680,545