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Debt (Tables) | 9 Months Ended
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Sep. 30, 2025
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, 2025 |  | December 31, 2024
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 |  |  | $ | (2,439) |  |  | $ | 547,561 |  |  | $ | 554,846 |  |  | $ | 546,999 |
Senior notes | 08/21/2020 |  | 08/15/2030 |  | 2.150% |  | 400,000 |  |  | (2,514) |  |  | 397,486 |  |  | 359,436 |  |  | 397,132 |
Senior notes(1) | 05/19/2022 |  | 06/15/2032 |  | 4.800% |  | 250,000 |  |  | (3,413) |  |  | 246,587 |  |  | 251,192 |  |  | 246,272 |
Senior notes | 08/23/2024 |  | 09/15/2034 |  | 5.850% |  | 450,000 |  |  | (4,883) |  |  | 445,117 |  |  | 472,325 |  |  | 444,814 |
Junior subordinated debentures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Junior subordinated debentures | 11/17/2017 |  | 11/17/2057 |  | 5.275% |  | 125,000 |  |  | (1,543) |  |  | 123,457 |  |  | 100,389 |  |  | 123,443 |
Junior subordinated debentures | 06/14/2021 |  | 06/15/2061 |  | 4.250% |  | 325,000 |  |  | (7,549) |  |  | 317,451 |  |  | 215,800 |  |  | 317,387 |
Term loan(2) | 05/11/2023 |  | 08/15/2027 |  | 5.670% |  | 250,000 |  |  | (1,300) |  |  | 248,700 |  |  | 248,700 |  |  | 248,204 |
Subtotal |  | 2,350,000 |  |  | (23,641) |  |  | 2,326,359 |  |  | 2,202,688 |  |  | 2,324,251 |
Unamortized issuance costs(3) |  | — |  |  | (6,346) |  |  | (6,346) |  |  | (6,346) |  |  | — |
Total long-term debt |  | 2,350,000 |  |  | (29,987) |  |  | 2,320,013 |  |  | 2,196,342 |  |  | 2,324,251 |
Current maturity of long-term debt |  |  |  |  |  |  |  |  |  |
Term loan(2) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
FHLB borrowings |  | 65,000 |  |  | — |  |  | 65,000 |  |  | 65,000 |  |  | — |
Commercial paper |  | 331,000 |  |  | (1,651) |  |  | 329,349 |  |  | 329,349 |  |  | 415,401 |
Total short-term debt |  | 396,000 |  |  | (1,651) |  |  | 394,349 |  |  | 394,349 |  |  | 415,401 |
Total debt |  | $ | 2,746,000 |  |  | $ | (31,638) |  |  | $ | 2,714,362 |  |  | $ | 2,590,691 |  |  | $ | 2,739,652 |
(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. (3)Unamortized issuance costs for P-CAPS facility agreement. The following tables present certain information about our commercial paper borrowings. Credit Facility—Commercial Paper
| As of
| September 30, 2025 |  | December 31, 2024 |  | September 30, 2024
Balance of commercial paper at end of period (par value) | $ | 331,000 |  |  | $ | 419,000 |  |  | $ | 426,908 |
Annualized interest rate | 4.60 | % |  | 5.22 | % |  | 5.56 | %
Letters of credit outstanding | $ | 115,000 |  |  | $ | 115,000 |  |  | $ | 115,000 |
Remaining amount available under credit line | 554,000 |  |  | 466,000 |  |  | 458,092 |
Credit Facility—Commercial Paper Activity
| Nine Months Ended September 30,
| 2025 |  | 2024
Average balance of commercial paper outstanding during period (par value) | $ | 430,732 |  |  | $ | 375,851 |
Daily-weighted average interest rate (annualized) | 4.90 | % |  | 5.80 | %
Maximum daily amount outstanding during period (par value) | $ | 605,500 |  |  | $ | 633,425 |
Commercial paper issued during period (par value) | 1,678,250 |  |  | 1,482,556 |
Commercial paper matured during period (par value) | (1,766,250) |  |  | (1,374,648) |
Net commercial paper issued (matured) during period (par value) | (88,000) |  |  | 107,908 |

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