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Business Segments (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Premium Income by Distribution Channel
Premium Income by Distribution Channel
Three Months Ended September 30, 2022
 LifeHealthAnnuityTotal
Distribution ChannelAmount% of
Total
Amount% of
Total
Amount% of
Total
Amount% of
Total
American Income$378,306 50 $29,694 $— — $408,000 38 
Direct to Consumer242,550 32 17,455 — — 260,005 24 
Liberty National82,072 11 45,809 14 — — 127,881 12 
United American1,949 — 134,200 42 100 136,150 13 
Family Heritage1,408 — 92,131 29 — — 93,539 
Other48,830 — — — — 48,830 
$755,115 100 $319,289 100 $100 $1,074,405 100 
Premium Income by Distribution Channel

 Three Months Ended September 30, 2021
 LifeHealthAnnuityTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount
% of
Total
Amount
% of
Total
American Income$356,456 49 $29,070 10 $— — $385,526 37 
Direct to Consumer240,578 33 18,192 — — 258,770 25 
Liberty National78,528 11 46,716 16 — — 125,244 12 
United American2,199 — 118,240 39 — — 120,439 12 
Family Heritage1,286 — 86,925 29 — — 88,211 
Other49,877 — — — — 49,877 
$728,924 100 $299,143 100 $— — $1,028,067 100 
Nine Months Ended September 30, 2022
 LifeHealthAnnuityTotal
Distribution ChannelAmount% of
Total
Amount% of
Total
Amount% of
Total
Amount% of
Total
American Income$1,124,712 50 $87,940 $— — $1,212,652 38 
Direct to Consumer743,041 33 53,802 — — 796,843 25 
Liberty National244,242 11 139,650 15 — — 383,892 12 
United American6,022 — 401,657 42 100 407,680 13 
Family Heritage4,147 — 272,429 28 — — 276,576 
Other147,477 — — — — 147,477 
$2,269,641 100 $955,478 100 $100 $3,225,120 100 

 Nine Months Ended September 30, 2021
 LifeHealthAnnuityTotal
Distribution ChannelAmount
% of
Total
Amount
% of
Total
Amount
% of
Total
Amount
% of
Total
American Income$1,039,047 48 $85,210 10 $— — $1,124,257 37 
Direct to Consumer734,046 34 56,002 — — 790,048 26 
Liberty National232,118 11 140,874 16 — — 372,992 12 
United American6,737 — 351,544 39 100 358,282 12 
Family Heritage3,630 — 255,272 29 — — 258,902 
Other149,635 — — — — 149,635 
$2,165,213 100 $888,902 100 $100 $3,054,116 100 
Schedule of 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 Note—1 Significant Accounting Policies for additional information concerning reconciling items of segment profits to pretax income.
Three Months Ended September 30, 2022
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$755,115 $319,289 $$— $— $— $1,074,405 
Net investment income— — — 245,625 — — 245,625 
Other income— — — — 398 — 398 
Total revenue755,115 319,289 245,625 398 — 1,320,428 
Expenses:
Policy benefits494,627 198,415 6,974 12 — — 700,028 
Required interest on reserves(194,279)(27,637)(9,548)231,464 — — — 
Required interest on DAC58,413 7,783 47 (66,243)— — — 
Amortization of acquisition costs124,261 31,415 453 — — — 156,129 
Commissions, premium taxes, and non-deferred acquisition costs63,938 29,085 — — — 93,028 
Insurance administrative expense(1)
— — — — 75,048 1,416 (2)76,464 
Parent expense— — — — 2,556 — 2,556 
Stock-based compensation expense— — — — 9,120 — 9,120 
Interest expense— — — 23,965 — — 23,965 
Total expenses546,960 239,061 (2,069)189,198 86,724 1,416 1,061,290 
Subtotal208,155 80,228 2,070 56,427 (86,326)(1,416)259,138 
Non-operating items— — — — — 1,416 (2)1,416 
Measure of segment profitability (pretax)
$208,155 $80,228 $2,070 $56,427 $(86,326)$— 260,554 
Realized gain (loss)—investments(29,155)
Legal proceedings(1,416)
Income before income taxes per Condensed Consolidated Statements of Operations
$229,983 
(1)Administrative expense is not allocated to insurance segments.
(2)Legal proceedings.
Three Months Ended September 30, 2021
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$728,924 $299,143 $— $— $— $— $1,028,067 
Net investment income— — — 238,975 — — 238,975 
Other income— — — — 321 — 321 
Total revenue728,924 299,143 — 238,975 321 — 1,267,363 
Expenses:
Policy obligations516,196 187,906 7,303 — — — 711,405 
Required interest on reserves(185,295)(25,859)(10,034)221,188 — — — 
Required interest on DAC55,066 7,203 64 (62,333)— — — 
Amortization of acquisition costs122,311 28,799 483 — — — 151,593 
Commissions, premium taxes, and non-deferred acquisition costs58,652 24,116 — — — 82,774 
Insurance administrative expense(1)
— — — — 68,036 68,036 
Parent expense— — — — 2,176 2,397 (2)4,573 
Stock-based compensation expense— — — — 7,776 — 7,776 
Interest expense— — — 20,886 — — 20,886 
Total expenses566,930 222,165 (2,178)179,741 77,988 2,397 1,047,043 
Subtotal161,994 76,978 2,178 59,234 (77,667)(2,397)220,320 
Non-operating items— — — — — 2,397 (2)2,397 
Measure of segment profitability (pretax)
$161,994 $76,978 $2,178 $59,234 $(77,667)$— 222,717 
Realized gain (loss)—investments19,789 
Realized loss—redemption of debt(9,314)
Non-operating expenses(2,397)
Income before income taxes per Condensed Consolidated Statements of Operations
$230,795 
(1)Administrative expense is not allocated to insurance segments.
(2)Non-operating expenses.

.
The following tables set forth a reconciliation of Globe Life's revenues and operations by segment to its major income statement line items. See Note—1 Significant Accounting Policies for additional information concerning reconciling items of segment profits to pretax income.
Nine Months Ended September 30, 2022
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$2,269,641 $955,478 $$— $— $— $3,225,120 
Net investment income— — — 733,101 — — 733,101 
Other income— — — — 861 — 861 
Total revenue2,269,641 955,478 733,101 861 — 3,959,082 
Expenses:
Policy obligations1,555,004 592,488 21,098 12 — — 2,168,602 
Required interest on reserves(575,710)(81,740)(28,890)686,340 — — — 
Required interest on DAC171,288 22,808 149 (194,245)— — — 
Amortization of acquisition costs372,872 95,488 1,358 — — — 469,718 
Commissions, premium taxes, and non-deferred acquisition costs190,028 87,390 18 — — — 277,436 
Insurance administrative expense(1)
— — — — 221,313 6,513 (2,3)227,826 
Parent expense— — — — 8,089 (368)(3)7,721 
Stock-based compensation expense— — — — 26,603 — 26,603 
Interest expense— — — 65,737 — — 65,737 
Total expenses1,713,482 716,434 (6,267)557,844 256,005 6,145 3,243,643 
Subtotal556,159 239,044 6,268 175,257 (255,144)(6,145)715,439 
Non-operating items— — — — — 6,145 (2,3)6,145 
Measure of segment profitability (pretax)
$556,159 $239,044 $6,268 $175,257 $(255,144)$— 721,584 
Realized gain (loss)—investments(66,845)
Legal proceedings(1,416)
Non-operating expenses(4,729)
Income before income taxes per Condensed Consolidated Statements of Operations
$648,594 
(1)Administrative expense is not allocated to insurance segments.
(2)Legal proceedings.
(3) Non-operating expenses.
Nine Months Ended September 30, 2021
LifeHealthAnnuityInvestmentCorporate & OtherAdjustmentsConsolidated
Revenue:
Premium$2,165,213 $888,902 $$— $— $— $3,054,116 
Net investment income— — — 713,103 — — 713,103 
Other income— — — — 1,004 — 1,004 
Total revenue2,165,213 888,902 713,103 1,004 — 3,768,223 
Expenses:
Policy obligations1,532,298 564,589 21,848 — — — 2,118,735 
Required interest on reserves(547,715)(76,288)(30,055)654,058 — — — 
Required interest on DAC163,083 21,242 200 (184,525)— — — 
Amortization of acquisition costs366,022 85,138 1,447 — — — 452,607 
Commissions, premium taxes, and non-deferred acquisition costs174,130 70,602 20 — — — 244,752 
Insurance administrative expense(1)
— — — — 201,715 5,089 (2)206,804 
Parent expense— — — — 7,251 2,397 (3)9,648 
Stock-based compensation expense— — — — 24,298 — 24,298 
Interest expense— — — 63,833 — — 63,833 
Total expenses1,687,818 665,283 (6,540)533,366 233,264 7,486 3,120,677 
Subtotal477,395 223,619 6,541 179,737 (232,260)(7,486)647,546 
Non-operating items— — — — — 7,486 (2,3)7,486 
Measure of segment profitability (pretax)
$477,395 $223,619 $6,541 $179,737 $(232,260)$— 655,032 
Realized gain (loss)—investments56,600 
Realized loss—redemption of debt(9,314)
Legal proceedings(5,089)
Non-operating expenses(2,397)
Income before income taxes per Condensed Consolidated Statements of Operations
$694,832 
(1)Administrative expense is not allocated to insurance segments.
(2)Legal proceedings.
(3)Non-operating expenses.