Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Summary of Common Stock Activity

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

	Common Stock
	Issued	Treasury Stock
2021:
Balance at January 1, 2021	113,218,183	(9,420,699)
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)
2023:
Grants of restricted stock	—	7,110
Vesting of performance shares	—	84,298
Issuance of common stock due to exercise of stock options	—	1,375,313
Treasury stock acquired	—	(4,415,287)
Retirement of treasury stock	(3,000,000)	3,000,000
Balance at December 31, 2023	102,218,183	(8,426,854)

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
2023	3,369	$	380,103	$	112.84	1,080	$	127,155	$	117.72
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

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,
	2023	2022	2021
Basic weighted average shares outstanding	95,098,474	97,927,770	102,069,781
Weighted average dilutive options outstanding	1,265,367	1,056,874	1,100,351
Diluted weighted average shares outstanding	96,363,841	98,984,644	103,170,132
Antidilutive shares	422,739	31,269	2,412,884