Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Summary of Common Stock Activity

A summary of common share activity is presented in the following chart.

	Common Stock
	Issued	Treasury Stock
2020:
Balance at January 1, 2020	117,218,183	(9,497,940)
Grants of restricted stock	—	4,548
Vesting of performance shares	—	271,843
Issuance of common stock due to exercise of stock options	—	936,289
Treasury stock acquired	—	(5,135,439)
Retirement of treasury stock	(4,000,000)	4,000,000
Balance at December 31, 2020	113,218,183	(9,420,699)
2021:
Grants of restricted stock	—	10,031
Vesting of performance shares	—	210,155
Issuance of common stock due to exercise of stock options	—	1,191,704
Treasury stock acquired	—	(5,642,036)
Retirement of treasury stock	(4,000,000)	4,000,000
Balance at December 31, 2021	109,218,183	(9,650,845)
2022:
Grants of restricted stock	—	10,746
Vesting of performance shares	—	66,751
Issuance of common stock due to exercise of stock options	—	1,519,728
Treasury stock acquired	—	(4,424,668)
Retirement of treasury stock	(4,000,000)	4,000,000
Balance at December 31, 2022	105,218,183	(8,478,288)

Acquisition of Common Shares

See the following summary below:

	Globe Life Share Repurchase Program					Share Repurchase for Dilution Purposes
	Shares Acquired (in thousands)	Total Cost		Average Price		Shares Acquired (in thousands)	Total Cost		Average Price
2022	3,322	$	335,145	$	100.90	1,103	$	119,493	$	108.33
2021	4,784	455,030		95.11		858	86,405		100.75
2020	4,459	380,112		85.24		676	63,754		94.28

Reconciliation of Basic and Diluted Weighted Average Shares Outstanding

A reconciliation of basic and diluted weighted-average shares outstanding used in the computation of basic and diluted earnings per share is as follows:

	Year Ended December 31,
	2022	2021	2020
Basic weighted average shares outstanding	97,927,770	102,069,781	106,075,267
Weighted average dilutive options outstanding	1,056,874	1,100,351	1,149,327
Diluted weighted average shares outstanding	98,984,644	103,170,132	107,224,594
Antidilutive shares	31,269	2,412,884	2,476,019