Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Selected Information about Debt Issues

The following table presents information about the terms and outstanding balances of Globe Life's debt.

Selected Information about Debt Issues

				As of
				September 30, 2024								December 31, 2023
Instrument	Issue Date	Maturity Date	Coupon Rate	Par Value		Unamortized Discount & Issuance Costs		Book Value		Fair Value		Book Value
Senior notes	09/27/2018	09/15/2028	4.550%	$	550,000	$	(3,180)	$	546,820	$	550,088	$	546,283
Senior notes	08/21/2020	08/15/2030	2.150%	400,000		(2,983)		397,017		344,796		396,670
Senior notes(1)	05/19/2022	06/15/2032	4.800%	250,000		(3,828)		246,172		248,443		245,873
Senior notes	08/23/2024	09/15/2034	5.850%	450,000		(5,188)		444,812		464,881		—
Junior subordinated debentures	11/17/2017	11/17/2057	5.275%	125,000		(1,561)		123,439		109,657		123,427
Junior subordinated debentures	06/14/2021	06/15/2061	4.250%	325,000		(7,633)		317,367		236,730		317,306
Term loan(2)	05/11/2023	08/15/2027	6.593%	250,000		(1,951)		248,049		248,049		—
Total long-term debt				2,350,000		(26,324)		2,323,676		2,202,644		1,629,559
Term loan(2)				—		—		—		—		169,549
FHLB borrowings				17,000		—		17,000		17,000		—
Commercial paper				426,908		(6,490)		420,418		420,418		316,564
Total short-term debt				443,908		(6,490)		437,418		437,418		486,113
Total debt				$	2,793,908	$	(32,814)	$	2,761,094	$	2,640,062	$	2,115,672

(1)An additional $150 million par value and book value is held by insurance subsidiaries that eliminates in consolidation.

(2)Interest calculated quarterly using Secured Overnight Financing Rate (SOFR) plus 135 basis points.

The following tables present certain information about our commercial paper borrowings.

Credit Facility—Commercial Paper

	As of
	September 30, 2024			December 31, 2023			September 30, 2023
Balance of commercial paper at end of period (par value)	$	426,908		$	319,000		$	251,000
Annualized interest rate	5.56		%	5.71		%	5.65		%
Letters of credit outstanding	$	115,000		$	115,000		$	115,000
Remaining amount available under credit line	458,092			316,000			384,000

Credit Facility—Commercial Paper Activity

	Nine Months Ended September 30,
	2024			2023
Average balance of commercial paper outstanding during period (par value)	$	375,851		$	296,816
Daily-weighted average interest rate (annualized)	5.80		%	5.33		%
Maximum daily amount outstanding during period (par value)	$	633,425		$	477,700
Commercial paper issued during period (par value)	1,482,556			1,480,000
Commercial paper matured during period (par value)	(1,374,648)			(1,514,000)
Net commercial paper issued (matured) during period (par value)	107,908			(34,000)