Globe Life (GL) 10-Q 8 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	Apr. 30, 2024
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-08052
Entity Registrant Name	GLOBE LIFE INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	63-0780404
Entity Address, Address Line One	3700 South Stonebridge Drive
Entity Address, City or Town	McKinney
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75070
City Area Code	972
Local Phone Number	569-4000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		92,269,711
Entity Central Index Key	0000320335
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock, $1.00 par value per share
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, $1.00 par value per share
Trading Symbol	GL
Security Exchange Name	NYSE
4.250% Junior Subordinated Debentures
Entity Listings [Line Items]
Title of 12(b) Security	4.250% Junior Subordinated Debentures
Trading Symbol	GL PRD
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Investments:
Fixed maturities—available for sale, at fair value (amortized cost: 2024—$19,504,784; 2023—$18,924,914, allowance for credit losses: 2024— $7,027; 2023— $7,115)	$ 18,144,353	$ 17,870,206
Mortgage loans	329,033	279,199
Policy loans	664,641	657,020
Other long-term investments (includes: 2024—$844,916; 2023—$795,583 under the fair value option)	899,085	835,878
Short-term investments	58,413	81,740
Total investments	20,095,525	19,724,043
Cash	83,547	103,156
Accrued investment income	299,398	270,396
Other receivables	645,966	630,223
Deferred acquisition costs	6,131,237	6,009,477
Goodwill	481,791	481,791
Other assets	833,129	832,413
Total assets	28,570,593	28,051,499
Liabilities:
Future policy benefits	18,882,023	19,460,353
Unearned and advance premium	270,105	254,567
Policy claims and other benefits payable	520,094	514,875
Other policyholders' funds	401,269	236,958
Total policy liabilities	20,073,491	20,466,753
Current and deferred income taxes	630,268	494,639
Short-term debt	733,544	486,113
Long-term debt (estimated fair value: 2024—$1,510,512; 2023—$1,491,229)	1,629,978	1,629,559
Other liabilities	464,151	487,632
Total liabilities	23,531,432	23,564,696
Commitments and Contingencies (Note 5)
Shareholders' equity:
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2024 and 2023	0	0
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2024—102,218,183 issued; 2023—102,218,183 issued)	102,218	102,218
Additional paid-in-capital	526,862	532,474
Accumulated other comprehensive income (loss)	(2,467,236)	(2,772,419)
Retained earnings	7,706,655	7,478,813
Treasury stock, at cost: (2024—8,141,299 shares; 2023—8,426,854 shares)	(829,338)	(854,283)
Total shareholders' equity	5,039,161	4,486,803
Total liabilities and shareholders' equity	$ 28,570,593	$ 28,051,499

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Fixed maturities, available for sale, amortized cost	$ 19,504,784	$ 18,924,914
Fixed maturities, available for sale, allowance for credit losses	7,027	7,115
Other long-term investments under fair value option	899,085	835,878
Liabilities:
Future policy benefits at original rates	17,110,880	16,984,615
Total long-term debt, fair value	$ 1,510,512	$ 1,491,229
Shareholders' equity:
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	320,000,000	320,000,000
Common stock, shares issued (in shares)	102,218,183	102,218,183
Common stock, shares outstanding (in shares)	102,218,183	102,218,183
Common stock, shares held in treasury (in shares)	8,141,299	8,426,854
Investment funds
Assets:
Other long-term investments under fair value option	$ 844,916	$ 795,583

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Revenue:
Revenue		$ 1,145,284	$ 1,095,090
Net investment income		282,578	257,105
Realized gains (losses)		(11,799)	(30,927)
Other income		76	50
Total revenue		1,416,139	1,321,318
Benefits and expenses:
Total policyholder benefits		731,793	707,927
Amortization of deferred acquisition costs		99,478	92,322
Commissions, premium taxes, and non-deferred acquisition costs		148,110	137,797
Other operating expense		93,214	84,171
Interest expense		28,621	24,867
Total benefits and expenses		1,101,216	1,047,084
Income before income taxes		314,923	274,234
Income tax benefit (expense)		(60,706)	(50,624)
Net income		$ 254,217	$ 223,610
Basic net income per common share (in dollars per share)		$ 2.71	$ 2.32
Diluted net income per common share (in dollars per share)		$ 2.67	$ 2.28
Life premium
Revenue:
Revenue		$ 804,265	$ 772,597
Benefits and expenses:
Total policyholder benefits	[1]	519,871	507,977
Health premium
Revenue:
Revenue		341,019	322,493
Benefits and expenses:
Total policyholder benefits	[2]	202,327	190,962
Other premium
Revenue:
Revenue		0	0
Benefits and expenses:
Total policyholder benefits		$ 9,595	$ 8,988
[1] Net of a remeasurement gain of $4.9 million for the three months ended March 31, 2024, and a remeasurement gain of $2.7 million for the same period in 2023.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Life insurance
Policyholder benefits net of remeasurement gain (losses)	[1]	$ (4.9)	$ (2.7)
Health premium
Policyholder benefits net of remeasurement gain (losses)		$ (3.2)	$ 2
[1] Net of a remeasurement gain of $4.9 million for the three months ended March 31, 2024, and a remeasurement gain of $2.7 million for the same period in 2023.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 254,217	$ 223,610
Unrealized gains (losses) on fixed maturities:
Unrealized holding gains (losses) arising during period	(305,016)	469,119
Other reclassification adjustments included in net income	(2,412)	32,590
Foreign exchange adjustment on fixed maturities recorded at fair value	1,617	9,567
Total unrealized investment gains (losses)	(305,811)	511,276
Less applicable tax (expense) benefit	64,222	(107,368)
Unrealized gains (losses) on investments, net of tax	(241,589)	403,908
Future Policy Benefits:
Change in discount rate on future policy benefits	704,596	(720,890)
Less applicable tax (expense) benefit	(147,964)	151,387
Future policy benefit adjustments, net of tax	556,632	(569,503)
Foreign exchange translation:
Foreign exchange translation adjustments, other than securities	(12,597)	(6,516)
Less applicable tax (expense) benefit	2,646	1,368
Foreign exchange translation adjustments, other than securities, net of tax	(9,951)	(5,148)
Pension:
Pension adjustments	118	(48)
Less applicable tax (expense) benefit	(27)	11
Pension adjustments, net of tax	91	(37)
Other comprehensive income (loss)	305,183	(170,780)
Comprehensive income (loss)	$ 559,400	$ 52,830

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Treasury Stock
Beginning balance at Dec. 31, 2022	$ 3,949,577	$ 0	$ 105,218	$ 529,661	$ (2,790,313)	$ 6,894,535	$ (789,524)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	52,830				(170,780)	223,610
Common dividends declared	(21,542)					(21,542)
Acquisition of treasury stock	(179,276)						(179,276)
Stock-based compensation	7,678			(1,022)			8,700
Exercise of stock options	37,024					(4,059)	41,083
Ending balance at Mar. 31, 2023	3,846,291	0	105,218	528,639	(2,961,093)	7,092,544	(919,017)
Beginning balance at Dec. 31, 2023	4,486,803	0	102,218	532,474	(2,772,419)	7,478,813	(854,283)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	559,400				305,183	254,217
Common dividends declared	(22,603)					(22,603)
Acquisition of treasury stock	(23,469)						(23,469)
Stock-based compensation	9,267			(5,612)		(438)	15,317
Exercise of stock options	29,763					(3,334)	33,097
Ending balance at Mar. 31, 2024	$ 5,039,161	$ 0	$ 102,218	$ 526,862	$ (2,467,236)	$ 7,706,655	$ (829,338)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Common dividends declared, per share (in dollars per share)	$ 0.2400	$ 0.2250

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Cash Flows [Abstract]
Cash provided from (used for) operating activities	$ 350,806	$ 477,330
Investments sold or matured:
Fixed maturities available for sale—sold	27,853	15,705
Fixed maturities available for sale—matured or other redemptions	59,871	61,560
Mortgage loans	7,896	21
Other long-term investments	573	1,929
Total investments sold or matured	96,193	79,215
Acquisition of investments:
Fixed maturities—available for sale	(682,427)	(285,505)
Mortgage loans	(58,406)	(24,186)
Other long-term investments	(80,468)	(23,712)
Total investments acquired	(821,301)	(333,403)
Net (increase) decrease in policy loans	(7,621)	(7,870)
Net (increase) decrease in short-term investments	23,327	39,744
Additions to property and equipment	(9,106)	(8,210)
Investments in low-income housing interests	(13,428)	(17,246)
Cash provided from (used for) investing activities	(731,936)	(247,770)
Cash provided from (used for) financing activities:
Issuance of common stock	29,763	37,024
Cash dividends paid to shareholders	(21,117)	(20,071)
Net borrowing from FHLB	242,000	45,000
Net borrowing (repayment) of commercial paper	5,304	20,070
Acquisition of treasury stock	(23,469)	(179,276)
Net receipts (payments) from deposit-type products	124,475	(54,487)
Cash provided from (used for) financing activities	356,956	(151,740)
Effect of foreign exchange rate changes on cash	4,565	1,729
Net increase (decrease) in cash	(19,609)	79,549
Cash at beginning of year	103,156	92,559
Cash at end of period	$ 83,547	$ 172,108

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	Note 1—Significant Accounting Policies Business : (Globe Life), (the Company), refers to Globe Life Inc., an insurance holding company incorporated in Delaware in 1979, and Globe Life Inc. subsidiaries and affiliates. Globe Life Inc.'s direct or indirect primary subsidiaries are Globe Life And Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, Family Heritage Life Insurance Company of America, and United American Insurance Company. The underwriting companies are owned by their ultimate corporate parent, Globe Life Inc. (Parent Company). Globe Life provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The Company is organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Globe Life markets its insurance products through a number of distribution channels, each of which sells the products of one or more of Globe Life's insurance segments. Our distribution channels consist of the following exclusive agencies: American Income Life Division (American Income), Liberty National Division (Liberty National) and Family Heritage Division (Family Heritage); an independent agency, United American Division (United American); and our Direct to Consumer Division (DTC). Basis of Presentation : The accompanying condensed consolidated financial statements of Globe Life have been prepared in accordance with the instructions to Form 10-Q. Therefore, they do not include all of the disclosures required by accounting principles generally accepted in the United States of America (GAAP) for annual financial statements. However, in the opinion of management, these statements include all adjustments, consisting of normal recurring adjustments, which are necessary for a fair presentation of the condensed consolidated financial position at March 31, 2024, and the condensed consolidated results of operations, comprehensive income, and cash flows for the periods ended March 31, 2024 and 2023. The interim period condensed consolidated financial statements should be read in conjunction with the Consolidated Financial Statements that are included in the Form 10-K filed with the Securities Exchange Commission (SEC) on February 28, 2024. Use of Estimates : The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. See further documentation in the significant accounting policies or the accompanying notes.

New Accounting Standards

New Accounting Standards	3 Months Ended
	Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract]
New Accounting Standards	Note 2—New Accounting Standards Accounting Pronouncements Adopted in the Current Year Standard Description Effective Date Effect on the Condensed Consolidated Financial Statements ASU No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ASU 2022-03 adds disclosure requirements specific to equity securities subject to contractual sale restrictions. The disclosures clarify the nature of the contractual sale as well as the duration of the restriction and the circumstances that could cause a lapse in the restriction. This standard is effective for the Company for fiscal years beginning on January 1, 2024 and interim periods within those fiscal years. The adoption of this standard did not have a material impact on the Condensed Consolidated Financial Statements. Accounting Pronouncements Yet to be Adopted Standard Description Effective Date Effect on the Condensed Consolidated Financial Statements ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ASU 2023-07 adds disclosure requirements to segment expenses, improving the financial reporting of the entity’s overall performance and assessment of future cash flows. The disclosures will require more detailed information related to the entity’s reportable segments. This standard is effective for the Company for annual periods beginning on January 1, 2024 and for interim periods beginning on January 1, 2025, and will be implemented on a retrospective basis. The Company does not expect the standard will have a material impact on the Condensed Consolidated Financial Statements. ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ASU 2023-09 adds disclosure requirements to disaggregated information related to the effective tax rate reconciliation and information on income taxes paid. The disclosures will enhance the assessment of the entity’s operations and related tax risks. This standard is effective for the Company for annual periods beginning on January 1, 2025, and will be implemented on a prospective basis. The Company does not expect the standard will have a material impact on the Condensed Consolidated Financial Statements.

Supplemental Information about

Supplemental Information about Changes to Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Supplemental Information about Changes to Accumulated Other Comprehensive Income	Note 3—Supplemental Information about Changes to Accumulated Other Comprehensive Income Components of Accumulated Other Comprehensive Income : An analysis of the change in balance by component of Accumulated Other Comprehensive Income is as follows for the three month periods ended March 31, 2024 and 2023: Three Months Ended March 31, 2024 Available Future Policy Benefits Foreign Pension Total Balance at January 1, 2024 $ (827,596) $ (1,947,391) $ 4,719 $ (2,151) $ (2,772,419) Other comprehensive income (loss) before reclassifications, net of tax (239,684) 556,632 (9,951) — 306,997 Reclassifications, net of tax (1,905) — — 91 (1,814) Other comprehensive income (loss) (241,589) 556,632 (9,951) 91 305,183 Balance at March 31, 2024 $ (1,069,185) $ (1,390,759) $ (5,232) $ (2,060) $ (2,467,236) Three Months Ended March 31, 2023 Available Future Policy Benefits Foreign Pension Total Balance at January 1, 2023 $ (1,420,672) $ (1,369,204) $ (1,681) $ 1,244 $ (2,790,313) Other comprehensive income (loss) before reclassifications, net of tax 378,162 (569,503) (5,148) — (196,489) Reclassifications, net of tax 25,746 — — (37) 25,709 Other comprehensive income (loss) 403,908 (569,503) (5,148) (37) (170,780) Balance at March 31, 2023 $ (1,016,764) $ (1,938,707) $ (6,829) $ 1,207 $ (2,961,093) Reclassification Adjustments : Reclassification adjustments out of Accumulated Other Comprehensive Income are presented below for the three month periods ended March 31, 2024 and 2023. Three Months Ended March 31, Affected line items in the Statements of Operations Component Line Item 2024 2023 Unrealized investment (gains) losses on available for sale assets: Realized (gains) losses $ (228) $ 33,124 Realized (gains) losses Amortization of (discount) premium (2,184) (534) Net investment income Total before tax (2,412) 32,590 Tax 507 (6,844) Income taxes Total after-tax (1,905) 25,746 Pension adjustments: Amortization of prior service cost 269 269 Other operating expense Amortization of actuarial (gain) loss (151) (317) Other operating expense Total before tax 118 (48) Tax (27) 11 Income taxes Total after-tax 91 (37) Total reclassification (after-tax) $ (1,814) $ 25,709

Investments

Investments	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investments	1.20x Total % of Gross Total Loan-to-value ratio (2) : Less than 70% $ 35,492 $ 155,974 $ 125,457 $ 316,923 95 70% to 80% — — — — — 81% to 90% 9,621 — — 9,621 3 Greater than 90% 7,035 — — 7,035 2 Total $ 52,148 $ 155,974 $ 125,457 333,579 100 Less allowance for credit losses (4,546) Total, net of allowance for credit losses $ 329,033 (1) Annual net operating income divided by annual mortgage debt service (principal and interest). (2) Loan balance divided by appraised value at origination, including planned renovations and stabilized occupancy. Updated internal valuations are used when a loan is materially underperforming. December 31, 2023 Recorded Investment Debt Service Coverage Ratios (1) <1.00x 1.00x—1.20x >1.20x Total % of Gross Total Loan-to-value ratio (2) : Less than 70% $ 27,091 $ 180,761 $ 58,364 $ 266,216 94 70% to 80% — — — — — 81% to 90% 8,468 — 1,153 9,621 3 Greater than 90% 7,034 — — 7,034 3 Total $ 42,593 $ 180,761 $ 59,517 282,871 100 Less allowance for credit losses (3,672) Total, net of allowance for credit losses $ 279,199 (1) Annual net operating income divided by annual mortgage debt service (principal and interest). (2) Loan balance divided by appraised value at origination, including planned renovations and stabilized occupancy. Updated internal valuations are used when a loan is materially underperforming. As of March 31, 2024, the Company evaluated the commercial mortgage loan portfolio on a pool basis to determine the allowance for credit losses. At the end of the period, the Company had 32 loans in the portfolio. For the three months ended March 31, 2024, the allowance for credit losses increased by $874 thousand to $4.5 million. The provision for credit losses is included in "Realized gains (losses)" in the Condensed Consolidated Statements of Operations . Three Months Ended 2024 2023 Allowance for credit losses beginning balance $ 3,672 $ 1,789 Provision (reversal) for credit losses 874 1,280 Allowance for credit losses ending balance $ 4,546 $ 3,069 There was one delinquent commercial mortgage loan, with an outstanding par value of $3.7 million and outstanding interest due of $116 thousand, as of March 31, 2024. The underlying collateral for this loan is in the process of being sold and the Company expects to recover all interest and principal due as of March 31, 2024. There were no delinquent commercial mortgage loans as of December 31, 2023. As of March 31, 2024, the Company had one commercial mortgage loan in non-accrual status with a principal balance of $4.4 million. As of December 31, 2023, the Company had no commercial mortgage loans in non-accrual status. The Company's unfunded commitment balance to commercial loan borrowers was $29 million as of March 31, 2024. Other Long-Term Investments : Other long-term investments consist of the following assets: March 31, December 31, 2023 Investment funds $ 844,916 $ 795,583 Other 54,169 40,295 Total $ 899,085 $ 835,878 The following table presents additional information about the Company's investment funds as of March 31, 2024 and December 31, 2023 at fair value: Fair Value Unfunded Commitments Investment Category March 31, December 31, 2023 March 31, Redemption Term/Notice (1) Commercial mortgage loans $ 459,549 $ 411,315 $ 489,617 Fully redeemable and non-redeemable with varying terms. Opportunistic and private credit 180,019 181,410 125,844 Fully redeemable and non-redeemable with varying terms. Infrastructure 165,441 165,887 16,706 Fully redeemable and non-redeemable with varying terms. Other 39,907 36,971 53,752 Non-redeemable with varying terms Total investment funds $ 844,916 $ 795,583 $ 685,919 (1) Non-redeemable funds generally have an expected life of 7 to 12 years from fund closing with extension options of 1 to 4 years. Redemptions are paid out throughout the life of the funds at the General Partner's discretion. Redeemable funds can generally be redeemed over 6 to 36 months upon request from limited partners. The Company had $67 million of capital called during the period from existing investment funds. The Company's unfunded commitments were $686 million as of March 31, 2024." id="sjs-B4">Note 4—Investments Portfolio Composition : Summaries of fixed maturities available for sale by amortized cost, fair value, and allowance for credit losses at March 31, 2024 and December 31, 2023, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) are as follows. Redeemable preferred stock is included within "Corporates, by sector." At March 31, 2024 Amortized Allowance for Credit Losses Gross Gross Fair Value (1) % of Total Fixed Maturities (2) Fixed maturities available for sale: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 401,859 $ — $ 1 $ (39,039) $ 362,821 2 States, municipalities, and political subdivisions 3,301,276 — 38,251 (454,605) 2,884,922 16 Foreign governments 39,558 — — (10,227) 29,331 — Corporates, by sector: Industrials 8,297,566 (7,027) 161,482 (667,927) 7,784,094 43 Financial 5,213,973 — 89,584 (416,724) 4,886,833 27 Utilities 2,127,792 — 51,901 (105,623) 2,074,070 11 Total corporates 15,639,331 (7,027) 302,967 (1,190,274) 14,744,997 81 Collateralized debt obligations 36,730 — 3,001 — 39,731 — Other asset-backed securities 86,030 — 2 (3,481) 82,551 1 Total fixed maturities $ 19,504,784 $ (7,027) $ 344,222 $ (1,697,626) $ 18,144,353 100 (1) Amount reported in the balance sheet. (2) At fair value. At December 31, 2023 Amortized Allowance for Credit Losses Gross Gross Fair Value (1) % of Total Fixed Maturities (2) Fixed maturities available for sale: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 398,450 $ — $ 7 $ (32,306) $ 366,151 2 States, municipalities, and political subdivisions 3,296,305 — 47,346 (403,329) 2,940,322 16 Foreign governments 44,453 — 1 (10,348) 34,106 — Corporates, by sector: Industrials 8,016,126 (7,115) 213,078 (566,847) 7,655,242 43 Financial 5,028,151 — 112,368 (388,340) 4,752,179 27 Utilities 2,017,967 — 73,925 (94,130) 1,997,762 11 Total corporates 15,062,244 (7,115) 399,371 (1,049,317) 14,405,183 81 Collateralized debt obligations 37,110 — 5,036 — 42,146 — Other asset-backed securities 86,352 — 3 (4,057) 82,298 1 Total fixed maturities $ 18,924,914 $ (7,115) $ 451,764 $ (1,499,357) $ 17,870,206 100 (1) Amount reported in the balance sheet. (2) At fair value. The Company has exposure to real estate investment trusts with an average rating of BBB+, which had a fair value of $415 million (2% of the total fixed maturity portfolio) and $425 million (2% of the total fixed maturity portfolio) at March 31, 2024 and December 31, 2023, respectively. A schedule of fixed maturities available for sale by contractual maturity date at March 31, 2024, is shown below on an amortized cost basis, net of allowance for credit losses, and on a fair value basis. Actual disposition dates could differ from contractual maturities due to call or prepayment provisions. At March 31, 2024 Amortized Fair Fixed maturities available for sale: Due in one year or less $ 86,769 $ 86,518 Due after one year through five years 857,913 862,187 Due after five years through ten years 2,034,083 2,040,670 Due after ten years through twenty years 8,712,181 8,331,022 Due after twenty years 7,684,013 6,701,637 Mortgage-backed and asset-backed securities 122,798 122,319 $ 19,497,757 $ 18,144,353 Analysis of Investment Operations: "Net investment income" for the three month periods ended March 31, 2024 and 2023 is summarized as follows: Three Months Ended 2024 2023 % Change Fixed maturities available for sale $ 246,098 $ 232,299 6 Policy loans 12,816 11,755 9 Mortgage loans 6,760 4,003 69 Other long-term investments (1) 19,663 11,740 67 Short-term investments 1,688 1,595 287,025 261,392 10 Less investment expense (4,447) (4,287) 4 Net investment income $ 282,578 $ 257,105 10 (1) For the three months ended March 31, 2024 and 2023, the investment funds, accounted for under the fair value option method, recorded $18.9 million and $11.3 million, respectively, in net investment income. Refer to Other Long-Term Investments below for further discussion on the investment funds. Selected information about sales of fixed maturities available for sale is as follows: Three Months Ended 2024 2023 Fixed maturities available for sale: Proceeds from sales (1) $ 27,853 $ 15,705 Gross realized gains 175 — Gross realized losses (35) (358) (1) There were no unsettled sales in the periods ended March 31, 2024 and 2023. An analysis of "Realized gains (losses)" is as follows: Three Months Ended 2024 2023 Realized investment gains (losses): Fixed maturities available for sale: Sales and other (1) $ 140 $ (357) Provision for credit losses 88 (32,767) Fair value option—change in fair value (15,403) 1,858 Mortgage loans (874) (1,280) Other investments 314 (214) Realized gains (losses) from investments (15,735) (32,760) Other gains (losses) 3,936 1,833 Total realized gains (losses) (11,799) (30,927) Applicable tax 2,478 6,495 Realized gains (losses), net of tax $ (9,321) $ (24,432) (1) During the three months ended March 31, 2024 and 2023, the Company recorded $66.9 million and $0 of issuer-initiated exchanges of fixed maturities (noncash transactions) that resulted in no realized gains (losses) in either period. Fair Value Measurements: The following tables represent the fair value of fixed maturities measured on a recurring basis at March 31, 2024 and December 31, 2023: Fair Value Measurement at March 31, 2024: Quoted Prices in Significant Other Significant Total Fair Fixed maturities available for sale U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ 362,821 $ — $ 362,821 States, municipalities, and political subdivisions — 2,884,922 — 2,884,922 Foreign governments — 29,331 — 29,331 Corporates, by sector: Industrials — 7,584,006 200,088 7,784,094 Financial — 4,756,052 130,781 4,886,833 Utilities — 1,967,375 106,695 2,074,070 Total corporates — 14,307,433 437,564 14,744,997 Collateralized debt obligations — — 39,731 39,731 Other asset-backed securities — 82,551 — 82,551 Total fixed maturities $ — $ 17,667,058 $ 477,295 $ 18,144,353 Percentage of total — % 97 % 3 % 100 % Fair Value Measurement at December 31, 2023: Quoted Prices in Significant Other Significant Total Fair Fixed maturities available for sale U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ 366,151 $ — $ 366,151 States, municipalities, and political subdivisions — 2,940,322 — 2,940,322 Foreign governments — 34,106 — 34,106 Corporates, by sector: Industrials — 7,440,493 214,749 7,655,242 Financial — 4,621,160 131,019 4,752,179 Utilities — 1,888,797 108,965 1,997,762 Total corporates — 13,950,450 454,733 14,405,183 Collateralized debt obligations — — 42,146 42,146 Other asset-backed securities — 82,298 — 82,298 Total fixed maturities $ — $ 17,373,327 $ 496,879 $ 17,870,206 Percentage of total — % 97 % 3 % 100 % The following tables represent changes in fixed maturities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Asset- backed Securities Collateralized Corporates Total Balance at January 1, 2024 $ — $ 42,146 $ 454,733 $ 496,879 Included in realized gains / losses — — — — Included in other comprehensive income — (2,035) (5,996) (8,031) Acquisitions — — 7,800 7,800 Sales — — — — Amortization — 1,141 (4) 1,137 Other (1) — (1,521) (18,969) (20,490) Transfers into Level 3 (2) — — — — Transfers out of Level 3 (2) — — — — Balance at March 31, 2024 $ — $ 39,731 $ 437,564 $ 477,295 Percent of total fixed maturities — % — % 3 % 3 % (1) Includes capitalized interest, foreign exchange adjustments, and principal repayments. (2) Considered to be transferred at the end of the period. Transfers into Level 3 occur when observable inputs are no longer available. Transfers out of Level 3 occur when observable inputs become available. Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Asset- backed Securities Collateralized Corporates Total Balance at January 1, 2023 $ — $ 50,364 $ 478,083 $ 528,447 Included in realized gains / losses — — — — Included in other comprehensive income — (4,542) 5,370 828 Acquisitions — — — — Sales — — — — Amortization — 1,141 2 1,143 Other (1) — (1,461) (11,816) (13,277) Transfers into Level 3 (2) — — — — Transfers out of Level 3 (2) — — — — Balance at March 31, 2023 $ — $ 45,502 $ 471,639 $ 517,141 Percent of total fixed maturities — % — % 3 % 3 % (1) Includes capitalized interest, foreign exchange adjustments, and principal repayments. (2) Considered to be transferred at the end of the period. Transfers into Level 3 occur when observable inputs are no longer available. Transfers out of Level 3 occur when observable inputs become available. The following table presents changes in unrealized gains and losses for the period included in accumulated other comprehensive income for assets held at the end of the reporting period for Level 3 classification: Changes in Unrealized Gains (Losses) included in Accumulated Other Comprehensive Income for Assets Held at the End of the Period Asset- Collateralized Corporates Total At March 31, 2024 $ — $ (2,035) $ (5,996) $ (8,031) At March 31, 2023 — (4,542) 5,370 828 Unrealized Loss Analysis : The following table discloses information about fixed maturities available for sale in an unrealized loss position. Less than Twelve Months Twelve Months or Longer Total Number of issues (CUSIPs) held: As of March 31, 2024 350 1,654 2,004 As of December 31, 2023 151 1,614 1,765 Globe Life's entire fixed maturity portfolio consisted of 2,551 issues by 991 different issuers at March 31, 2024 and 2,473 issues by 980 different issuers at December 31, 2023. The increase in the number of securities in an unrealized loss position during the period ended March 31, 2024 is due to the increase in interest rates. The weighted-average quality rating of all unrealized loss positions at amortized cost was A- as of March 31, 2024 and December 31, 2023. The following tables disclose unrealized investment losses by class and major sector of fixed maturities available for sale at March 31, 2024 and December 31, 2023. Analysis of Gross Unrealized Investment Losses At March 31, 2024 Less than Twelve Months Twelve Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities available for sale: Investment grade securities: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 2,033 $ (66) $ 360,438 $ (38,973) $ 362,471 $ (39,039) States, municipalities, and political subdivisions 479,111 (7,440) 1,648,303 (447,165) 2,127,414 (454,605) Foreign governments 1,469 (5) 27,862 (10,222) 29,331 (10,227) Corporates, by sector: Industrials 692,151 (25,399) 4,221,438 (613,109) 4,913,589 (638,508) Financial 361,061 (3,813) 2,419,494 (369,671) 2,780,555 (373,484) Utilities 284,655 (3,438) 681,618 (100,695) 966,273 (104,133) Total corporates 1,337,867 (32,650) 7,322,550 (1,083,475) 8,660,417 (1,116,125) Collateralized debt obligations — — — — — — Other asset-backed securities — — 71,424 (2,980) 71,424 (2,980) Total investment grade securities 1,820,480 (40,161) 9,430,577 (1,582,815) 11,251,057 (1,622,976) Below investment grade securities: Corporates, by sector: Industrials — — 146,466 (29,419) 146,466 (29,419) Financial 8,704 (1,403) 166,838 (41,837) 175,542 (43,240) Utilities 8,902 (27) 19,713 (1,463) 28,615 (1,490) Total corporates 17,606 (1,430) 333,017 (72,719) 350,623 (74,149) Collateralized debt obligations — — — — — — Other asset-backed securities — — 11,079 (501) 11,079 (501) Total below investment grade securities 17,606 (1,430) 344,096 (73,220) 361,702 (74,650) Total fixed maturities $ 1,838,086 $ (41,591) $ 9,774,673 $ (1,656,035) $ 11,612,759 $ (1,697,626) Gross unrealized losses may fluctuate quarter over quarter due to adverse factors in the market that affect our holdings, such as changes in interest rates or credit spreads. The Company considers many factors when determining whether an allowance for a credit loss should be recorded. While the Company holds securities that may be in an unrealized loss position from time to time, Globe Life does not generally intend to sell and it is unlikely that the Company will be required to sell the fixed maturities prior to their anticipated recovery or maturity due to the strong cash flows generated by its insurance operations. Analysis of Gross Unrealized Investment Losses At December 31, 2023 Less than Twelve Months Twelve Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities available for sale: Investment grade securities: U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ — $ 364,006 $ (32,306) $ 364,006 $ (32,306) States, municipalities, and political subdivisions 252,800 (3,520) 1,610,163 (399,809) 1,862,963 (403,329) Foreign governments — — 32,591 (10,348) 32,591 (10,348) Corporates, by sector: Industrials 191,573 (3,881) 4,317,827 (530,011) 4,509,400 (533,892) Financial 242,099 (6,584) 2,341,424 (339,628) 2,583,523 (346,212) Utilities 81,194 (648) 686,043 (91,959) 767,237 (92,607) Total corporates 514,866 (11,113) 7,345,294 (961,598) 7,860,160 (972,711) Collateralized debt obligations — — — — — — Other asset-backed securities — — 70,956 (3,648) 70,956 (3,648) Total investment grade securities 767,666 (14,633) 9,423,010 (1,407,709) 10,190,676 (1,422,342) Below investment grade securities: Corporates, by sector: Industrials 10,745 (199) 145,697 (32,756) 156,442 (32,955) Financial 25,563 (2,602) 151,190 (39,526) 176,753 (42,128) Utilities — — 19,654 (1,523) 19,654 (1,523) Total corporates 36,308 (2,801) 316,541 (73,805) 352,849 (76,606) Collateralized debt obligations — — — — — — Other asset-backed securities — — 11,288 (409) 11,288 (409) Total below investment grade securities 36,308 (2,801) 327,829 (74,214) 364,137 (77,015) Total fixed maturities $ 803,974 $ (17,434) $ 9,750,839 $ (1,481,923) $ 10,554,813 $ (1,499,357) Fixed Maturities, Allowance for Credit Losses : A summary of the activity in the allowance for credit losses is as follows. Three Months Ended 2024 2023 Allowance for credit losses beginning balance $ 7,115 $ — Additions to allowance for which credit losses were not previously recorded — 32,767 Additions (reductions) to allowance for fixed maturities that previously had an allowance (88) — Reduction of allowance for which the Company intends to sell or more likely than not will be required to sell or sold during the period — — Allowance for credit losses ending balance $ 7,027 $ 32,767 As of March 31, 2024 and December 31, 2023, the Company did not have any fixed maturities in non-accrual status. Mortgage Loans (commercial mortgage loans): Summaries of commercial mortgage loans by property type and geographical location at March 31, 2024 and December 31, 2023 are as follows: March 31, 2024 December 31, 2023 Carrying Value % of Total Carrying Value % of Total Property type: Multi-family $ 117,147 36 $ 116,299 42 Industrial 81,975 25 57,267 20 Retail 46,822 14 23,925 9 Hospitality 43,634 13 43,897 16 Mixed use 37,267 11 34,749 12 Office 6,734 2 6,734 2 Total recorded investment 333,579 101 282,871 101 Less allowance for credit losses (4,546) (1) (3,672) (1) Carrying value, net of allowance for credit losses $ 329,033 100 $ 279,199 100 March 31, 2024 December 31, 2023 Carrying Value % of Total Carrying Value % of Total Geographic location: Florida $ 60,587 18 $ 48,233 17 California 57,093 17 54,721 20 Texas 53,399 16 45,111 16 New Jersey 44,592 14 44,574 16 New York 35,142 11 20,284 7 Washington 14,978 4 14,969 5 Other 67,788 21 54,979 20 Total recorded investment 333,579 101 282,871 101 Less allowance for credit losses (4,546) (1) (3,672) (1) Carrying value, net of allowance for credit losses $ 329,033 100 $ 279,199 100 The following tables are reflective of the key factors, debt service coverage ratios, and loan-to-value (LTV) ratios that are utilized by management to monitor the performance of the portfolios. The Company only makes new investments in commercial mortgage loans that have a LTV ratio less than 80%. LTV's that exceed 80% are generally as a result of decreases in the valuation of the underlying property. Generally, a higher LTV ratio and a lower debt service coverage ratio equates to higher risk of loss. March 31, 2024 Recorded Investment Debt Service Coverage Ratios (1) <1.00x 1.00x—1.20x >1.20x Total % of Gross Total Loan-to-value ratio (2) : Less than 70% $ 35,492 $ 155,974 $ 125,457 $ 316,923 95 70% to 80% — — — — — 81% to 90% 9,621 — — 9,621 3 Greater than 90% 7,035 — — 7,035 2 Total $ 52,148 $ 155,974 $ 125,457 333,579 100 Less allowance for credit losses (4,546) Total, net of allowance for credit losses $ 329,033 (1) Annual net operating income divided by annual mortgage debt service (principal and interest). (2) Loan balance divided by appraised value at origination, including planned renovations and stabilized occupancy. Updated internal valuations are used when a loan is materially underperforming. December 31, 2023 Recorded Investment Debt Service Coverage Ratios (1) <1.00x 1.00x—1.20x >1.20x Total % of Gross Total Loan-to-value ratio (2) : Less than 70% $ 27,091 $ 180,761 $ 58,364 $ 266,216 94 70% to 80% — — — — — 81% to 90% 8,468 — 1,153 9,621 3 Greater than 90% 7,034 — — 7,034 3 Total $ 42,593 $ 180,761 $ 59,517 282,871 100 Less allowance for credit losses (3,672) Total, net of allowance for credit losses $ 279,199 (1) Annual net operating income divided by annual mortgage debt service (principal and interest). (2) Loan balance divided by appraised value at origination, including planned renovations and stabilized occupancy. Updated internal valuations are used when a loan is materially underperforming. As of March 31, 2024, the Company evaluated the commercial mortgage loan portfolio on a pool basis to determine the allowance for credit losses. At the end of the period, the Company had 32 loans in the portfolio. For the three months ended March 31, 2024, the allowance for credit losses increased by $874 thousand to $4.5 million. The provision for credit losses is included in "Realized gains (losses)" in the Condensed Consolidated Statements of Operations . Three Months Ended 2024 2023 Allowance for credit losses beginning balance $ 3,672 $ 1,789 Provision (reversal) for credit losses 874 1,280 Allowance for credit losses ending balance $ 4,546 $ 3,069 There was one delinquent commercial mortgage loan, with an outstanding par value of $3.7 million and outstanding interest due of $116 thousand, as of March 31, 2024. The underlying collateral for this loan is in the process of being sold and the Company expects to recover all interest and principal due as of March 31, 2024. There were no delinquent commercial mortgage loans as of December 31, 2023. As of March 31, 2024, the Company had one commercial mortgage loan in non-accrual status with a principal balance of $4.4 million. As of December 31, 2023, the Company had no commercial mortgage loans in non-accrual status. The Company's unfunded commitment balance to commercial loan borrowers was $29 million as of March 31, 2024. Other Long-Term Investments : Other long-term investments consist of the following assets: March 31, December 31, 2023 Investment funds $ 844,916 $ 795,583 Other 54,169 40,295 Total $ 899,085 $ 835,878 The following table presents additional information about the Company's investment funds as of March 31, 2024 and December 31, 2023 at fair value: Fair Value Unfunded Commitments Investment Category March 31, December 31, 2023 March 31, Redemption Term/Notice (1) Commercial mortgage loans $ 459,549 $ 411,315 $ 489,617 Fully redeemable and non-redeemable with varying terms. Opportunistic and private credit 180,019 181,410 125,844 Fully redeemable and non-redeemable with varying terms. Infrastructure 165,441 165,887 16,706 Fully redeemable and non-redeemable with varying terms. Other 39,907 36,971 53,752 Non-redeemable with varying terms Total investment funds $ 844,916 $ 795,583 $ 685,919 (1) Non-redeemable funds generally have an expected life of 7 to 12 years from fund closing with extension options of 1 to 4 years. Redemptions are paid out throughout the life of the funds at the General Partner's discretion. Redeemable funds can generally be redeemed over 6 to 36 months upon request from limited partners. The Company had $67 million of capital called during the period from existing investment funds. The Company's unfunded commitments were $686 million as of March 31, 2024.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 5—Commitments and Contingencies Guarantees : The Parent Company has guaranteed letters of credit in connection with its credit facility with a group of banks. The letters of credit were issued by TMK Re, Ltd., a wholly-owned subsidiary, to secure TMK Re, Ltd.’s obligation for claims on certain policies reinsured by TMK Re, Ltd. that were sold by other Globe Life insurance subsidiaries. These letters of credit facilitate TMK Re, Ltd.’s ability to reinsure the business of Globe Life's insurance carriers . The agreement was amended on March 29, 2024 and now expires in 2029. The maximum amount of letters of credit available is $250 million. The Parent Company would be liable to the extent that TMK Re, Ltd. does not pay the reinsured party. The amount of letters of credit outstanding at March 31, 2024 was $115 million. Litigation : Globe Life Inc. and its subsidiaries, in common with the insurance industry in general, are subject to litigation, including: putative class action litigation; alleged breaches of contract; torts, including bad faith and fraud claims based on alleged wrongful or fraudulent acts of agents of the Parent Company's insurance subsidiaries; alleged employment discrimination; alleged worker misclassification; and miscellaneous other causes of action. Based upon information presently available, and in light of legal and other factual defenses available to the Parent Company and its subsidiaries, management does not believe that it is reasonably possible that such litigation will have a material adverse effect on Globe Life's financial condition, future operating results or liquidity; however, assessing the eventual outcome of litigation necessarily involves forward-looking speculation as to judgments to be made by judges, juries and appellate courts in the future. This bespeaks caution, particularly in states with reputations for high punitive damage verdicts. On September 30, 2022, putative class action litigation was filed against American Income, Giglione-Ackerman Agency, LLC, Eric Giglione and David Ackerman (collectively, “Defendants”) in New Jersey Superior Court ( Atiya Bell, et al. v. American Income Life Insurance Company, et al ., Case No. MID-L-004928-22). American Income subsequently removed the case to United States District Court for the District of New Jersey (Case No. 2:22-cv-06913-CCC-MAH). Plaintiffs Atiya Bell and Abel Flores (“Plaintiffs”) are former New Jersey independent sales agents who alleged they should have been classified as employees, and asserted claims under New Jersey state law on behalf of (i) a putative class of registered agents in New Jersey who have worked remotely for at least one week since March 9, 2020, and (ii) a putative class of registered agents in New Jersey who trained for at least one week to become sales agents for American Income in New Jersey during the six years prior to September 30, 2022. Plaintiffs made claims under the New Jersey Wage and Hour Law and the New Jersey Wage Payment Law for the alleged failure to pay minimum wages and overtime pay, including for time spent in training, liquidated damages and attorney’s fees and costs. American Income filed a motion to compel this matter to arbitration pursuant to the arbitration clauses found in the agent contracts executed by the claimants. In September 2023, the court denied American Income’s motion, but did so without prejudice, and invited the parties to “conduct limited discovery on the issue of arbitrability,” after which discovery the court would hear a renewed motion from American Income. However, in November 2023, prior to American Income’s filing such motion, the parties agreed in principle to settle the claimants’ claims for a non-material amount. On September 1, 2023, plaintiff Miné Caglar Cost (“Plaintiff) filed a complaint against American Income Life Insurance Company (“American Income”) in the Superior Court of the State of California for the County of Los Angeles, asserting a single claim for violation of the Private Attorneys General Act (“PAGA”) ( Cost v. American Income Life Insurance Company , et al. , Case No. 23SMCV04113). Plaintiff is a former California independent insurance sales agent who alleges one cause of action for civil penalties under PAGA arising out of alleged violations of the wage-and-hour provisions of the California Labor Code stemming from American Income’s alleged misclassification of Plaintiff and other California-based sales agents as independent contractors. American Income filed a motion to compel arbitration on an individual basis and stay the representative component of Plaintiff’s claims, to which Plaintiff stipulated. On December 12, 2023, the Court approved the parties’ stipulation to compel the matter to individual arbitration and stayed the case pending the completion of the individual arbitration. On April 4, 2023, putative class action litigation was filed against National Income Life Insurance Company (“National Income”) in New York Supreme Court by plaintiffs Melissa K. Goppert, Sarah Valente, James O’Neill, Jennifer Abe, and Emily Herendeen (“Plaintiffs”) ( Goppert, et al. v. National Income Life Insurance Company , Index No. 153096/2023). Plaintiffs are former National Income independent sales agents who allege they should have been classified as employees and assert claims under New York state law on behalf of a putative class of former independent sales agents and individuals who trained to become independent sale agents since March 2017. Plaintiffs make claims under New York’s Minimum Wage Law (NYLL § 633 and 12 NYCRR § 142-2.1); Overtime Compensation Law (NYLL § 633 and 12 NYCRR § 142-2.2); and “Spread of Hours” Law (12 NYCRR § 142-2.4) for the alleged failure to pay minimum wages and overtime pay, including for time spent in training, and attorney’s fees and costs. National Income filed a motion to compel arbitration of each Plaintiff’s claims on an individual basis, which the Court granted in full on January 11, 2024, and on February 7, 2024, Plaintiffs filed a notice of appeal of the Court’s order. On November 30, 2023, the Company and our subsidiary, American Income Life Insurance Company, received subpoenas from the U.S. Attorney’s Office for the Western District of Pennsylvania, seeking documents relating to sales practices by certain of our independent sales agents contracted to sell American Income Life Insurance Company policies. The Company and American Income Life Insurance Company are in the preliminary stages of responding to these subpoenas and have been cooperating with the Department of Justice’s investigation. The Department of Justice has not asserted any claims or made allegations against the Company and American Income Life Insurance Company with respect to the foregoing inquiry, and the Company currently is not aware that any legal proceedings are contemplated by governmental authorities. While no assurances can be made, at present management does not believe that it is reasonably possible or probable that this matter will result in a material loss. A putative securities class action was filed on April 30, 2024 against the Company and six of its current/former senior executives in the United States District Court for the Eastern District of Texas. The case, which is captioned City of Miami Gen. Emp. & Sanitation Emp. Ret. Trust, et al. v. Globe Life Inc., et al., Case No. 4:24-cv-00376, asserts claims under §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of a putative class of purchasers of the Company’s securities from May 8, 2019 through April 10, 2024. The Complaint alleges that certain of the Company’s disclosures about financial performance and certain other public statements during the putative class period were materially false or misleading. The Company plans to vigorously defend against the lawsuit. Pursuant to the Company’s governing documents and indemnification agreements with the named defendants, the Company has agreed to indemnify those defendants for all expenses and losses related to the litigation subject to the terms of those indemnification agreements. The outcome of litigation of this type is inherently uncertain, and there is always the possibility that a court rules in a manner that is adverse to the interests of the Company and the individual defendants. However, the amount of any such loss in that scenario cannot be reasonably estimated at this time. Further, management cannot reasonably estimate whether an outcome on the class action will be resolved in the near term.

Policy Liabilities

Policy Liabilities	3 Months Ended
	Mar. 31, 2024
Policyholder Account Balance [Abstract]
Policy Liabilities	Note 6—Policy Liabilities The liability for future policy benefits is determined based on the net level premium method, which requires the liability be calculated as the present value of estimated future policyholder benefits and the related termination expenses, less the present value of estimated future net premiums to be collected from policyholders. The following tables summarize balances and changes in the net liability for future policy benefits, before reinsurance, for traditional life long-duration contracts for the three month periods ended March 31, 2024 and 2023: Life Present value of expected future net premiums American Income DTC Liberty National Other Total Balance at January 1, 2023 $ 4,273,156 $ 5,910,224 $ 1,094,407 $ 470,741 $ 11,748,528 Beginning balance at original discount rates 4,246,723 5,680,864 1,066,123 449,209 11,442,919 Effect of changes in assumptions on future cash flows — — — — — Effect of actual variances from expected experience (29,981) (47,988) (5,590) (1,886) (85,445) Adjusted balance at January 1, 2023 4,216,742 5,632,876 1,060,533 447,323 11,357,474 Issuances (1) 192,555 168,952 30,142 7,241 398,890 Interest accrual (2) 47,898 70,991 13,288 5,670 137,847 Net premiums collected (3) (127,239) (153,919) (33,188) (11,557) (325,903) Effect of changes in the foreign exchange rate (3,999) — — — (3,999) Ending balance at original discount rates 4,325,957 5,718,900 1,070,775 448,677 11,564,309 Effect of change from original to current discount rates 141,680 391,650 57,308 34,379 625,017 Balance at March 31, 2023 $ 4,467,637 $ 6,110,550 $ 1,128,083 $ 483,056 $ 12,189,326 Balance at January 1, 2024 $ 4,681,888 $ 6,052,651 $ 1,129,716 $ 478,052 $ 12,342,307 Beginning balance at original discount rates 4,523,329 5,664,259 1,077,831 443,949 11,709,368 Effect of changes in assumptions on future cash flows — — — — — Effect of actual variances from expected experience (48,248) (36,229) (10,448) (1,851) (96,776) Adjusted balance at January 1, 2024 4,475,081 5,628,030 1,067,383 442,098 11,612,592 Issuances (1) 211,847 149,231 26,164 5,931 393,173 Interest accrual (2) 53,823 73,420 13,839 5,764 146,846 Net premiums collected (3) (135,686) (152,631) (33,901) (11,401) (333,619) Effect of changes in the foreign exchange rate (8,927) — — — (8,927) Ending balance at original discount rates 4,596,138 5,698,050 1,073,485 442,392 11,810,065 Effect of change from original to current discount rates 56,533 247,209 28,724 21,777 354,243 Balance at March 31, 2024 $ 4,652,671 $ 5,945,259 $ 1,102,209 $ 464,169 $ 12,164,308 (1) Issuances represent the present value, using the original discount rate, of the expected net premiums related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected net premiums, as well as the interest on actual net premiums earned during the period, using the original interest rate. (3) Net premiums collected represent the product of the current period net premium ratio and the gross premiums collected during the period on the in-force business. Life Present value of expected future policy benefits American Income DTC Liberty National Other Total Balance at January 1, 2023 $ 9,119,104 $ 9,225,451 $ 3,429,256 $ 3,976,150 $ 25,749,961 Beginning balance at original discount rates 8,409,761 8,477,892 3,272,980 3,403,704 23,564,337 Effect of changes in assumptions on future cash flows — — — — — Effect of actual variances from expected experience (31,526) (48,947) (7,054) (2,896) (90,423) Adjusted balance at January 1, 2023 8,378,235 8,428,945 3,265,926 3,400,808 23,473,914 Issuances (1) 192,555 168,952 30,142 7,241 398,890 Interest accrual (2) 109,329 112,768 43,256 50,378 315,731 Benefit payments (3) (96,674) (147,061) (54,730) (30,892) (329,357) Effect of changes in the foreign exchange rate (9,711) — — — (9,711) Ending balance at original discount rates 8,573,734 8,563,604 3,284,594 3,427,535 23,849,467 Effect of change from original to current discount rates 1,063,729 1,061,076 274,418 738,992 3,138,215 Balance at March 31, 2023 $ 9,637,463 $ 9,624,680 $ 3,559,012 $ 4,166,527 $ 26,987,682 Balance at January 1, 2024 $ 10,163,627 $ 9,714,516 $ 3,605,392 $ 4,239,623 $ 27,723,158 Beginning balance at original discount rates 9,061,833 8,656,752 3,338,252 3,506,859 24,563,696 Effect of changes in assumptions on future cash flows — — — — — Effect of actual variances from expected experience (52,221) (36,444) (10,449) (2,867) (101,981) Adjusted balance at January 1, 2024 9,009,612 8,620,308 3,327,803 3,503,992 24,461,715 Issuances (1) 211,847 149,231 26,164 5,931 393,173 Interest accrual (2) 120,201 117,925 44,554 52,136 334,816 Benefit payments (3) (104,758) (159,061) (58,109) (34,177) (356,105) Effect of changes in the foreign exchange rate (20,637) — — — (20,637) Ending balance at original discount rates 9,216,265 8,728,403 3,340,412 3,527,882 24,812,962 Effect of change from original to current discount rates 741,828 771,812 159,330 576,010 2,248,980 Balance at March 31, 2024 $ 9,958,093 $ 9,500,215 $ 3,499,742 $ 4,103,892 $ 27,061,942 (1) Issuances represent the present value, using the original discount rate, of the expected future policy benefits related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected future policy benefits, as well as the interest on actual benefits and expenses paid during the period, using the original interest rate. (3) Benefit payments represent the release of the present value, using the original discount rate, of the actual future policy benefits incurred during the period due to death, lapse, and maturity benefit payments based on the revised expected assumptions. Life (2) Net liability for future policy benefits as of March 31, 2023 American Income DTC Liberty National Other Total Net liability for future policy benefits at original discount rates $ 4,247,777 $ 2,844,704 $ 2,213,819 $ 2,978,858 $ 12,285,158 Effect of changes in discount rate assumptions 922,049 669,426 217,110 704,613 2,513,198 Other Adjustments (1) 95 4,546 8,017 72 12,730 Net liability for future policy benefits, after other adjustments, at current discount rates 5,169,921 3,518,676 2,438,946 3,683,543 14,811,086 Reinsurance recoverable (141) — (7,531) (36,837) (44,509) Net liability for future policy benefits, after reinsurance recoverable, at current discount rates $ 5,169,780 $ 3,518,676 $ 2,431,415 $ 3,646,706 $ 14,766,577 (1) Other adjustments include the Company's effects of capping and flooring the liability. (2) Includes the immaterial error correction noted below. Life Net liability for future policy benefits as of March 31, 2024 American Income DTC Liberty National Other Total Net liability for future policy benefits at original discount rates $ 4,620,127 $ 3,030,353 $ 2,266,927 $ 3,085,490 $ 13,002,897 Effect of changes in discount rate assumptions 685,295 524,603 130,606 554,233 1,894,737 Other Adjustments (1) 287 3,549 5,418 85 9,339 Net liability for future policy benefits, after other adjustments, at current discount rates 5,305,709 3,558,505 2,402,951 3,639,808 14,906,973 Reinsurance recoverable (170) — (7,787) (36,564) (44,521) Net liability for future policy benefits, after reinsurance recoverable, at current discount rates $ 5,305,539 $ 3,558,505 $ 2,395,164 $ 3,603,244 $ 14,862,452 (1) Other adjustments include the Company's capping and flooring the liability. The following tables summarize balances and changes in the net liability for future policy benefits for long-duration health contracts for the three month periods ended March 31, 2024 and 2023: Health Present value of expected future net premiums United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2023 $ 2,908,501 $ 1,594,992 $ 423,490 $ 190,296 $ 90,143 $ 5,207,422 Beginning balance at original discount rates 2,941,261 1,729,219 415,442 192,631 87,751 5,366,304 Effect of changes in assumptions on future cash flows — — — — — — Effect of actual variances from expected experience (34,132) (18,758) (16,585) (1,621) (2,573) (73,669) Adjusted balance at January 1, 2023 2,907,129 1,710,461 398,857 191,010 85,178 5,292,635 Issuances (1) 75,839 67,787 13,303 10,212 2,392 169,533 Interest accrual (2) 31,587 16,199 4,890 2,036 1,057 55,769 Net premiums collected (3) (65,914) (43,979) (12,403) (5,424) (2,661) (130,381) Effect of changes in the foreign exchange rate — — — (388) — (388) Ending balance at original discount rates 2,948,641 1,750,468 404,647 197,446 85,966 5,387,168 Effect of change from original to current discount rates 49,082 (86,054) 16,800 3,220 4,277 (12,675) Balance at March 31, 2023 $ 2,997,723 $ 1,664,414 $ 421,447 $ 200,666 $ 90,243 $ 5,374,493 Balance at January 1, 2024 $ 3,697,771 $ 1,711,741 $ 358,472 $ 206,381 $ 115,363 $ 6,089,728 Beginning balance at original discount rates 3,625,803 1,783,173 348,570 201,869 109,880 6,069,295 Effect of changes in assumptions on future cash flows — — — — — — Effect of actual variances from expected experience (40,531) (17,092) (11,410) (3,550) (2,316) (74,899) Adjusted balance at January 1, 2024 3,585,272 1,766,081 337,160 198,319 107,564 5,994,396 Issuances (1) 104,603 64,008 13,558 9,949 4,609 196,727 Interest accrual (2) 41,822 18,103 4,227 2,283 1,368 67,803 Net premiums collected (3) (70,249) (46,400) (12,780) (5,839) (2,678) (137,946) Effect of changes in the foreign exchange rate — — — (862) — (862) Ending balance at original discount rates 3,661,448 1,801,792 342,165 203,850 110,863 6,120,118 Effect of change from original to current discount rates (8,053) (107,766) 3,276 (55) 3,016 (109,582) Balance at March 31, 2024 $ 3,653,395 $ 1,694,026 $ 345,441 $ 203,795 $ 113,879 $ 6,010,536 (1) Issuances represent the present value, using the original discount rate, of the expected net premiums related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected net premiums, as well as the interest on actual net premiums earned during the period, using the original interest rate. (3) Net premiums collected represent the product of the current period net premium ratio and the gross premiums collected during the period on the in-force business. Health Present value of expected future policy benefits United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2023 $ 3,046,829 $ 3,005,664 $ 941,574 $ 312,750 $ 87,532 $ 7,394,349 Beginning balance at original discount rates 3,080,633 3,336,344 904,865 303,713 85,212 7,710,767 Effect of changes in assumptions on future cash flows — — — — — — Effect of actual variances from expected experience (31,443) (19,779) (15,995) (1,578) (2,302) (71,097) Adjusted balance at January 1, 2023 3,049,190 3,316,565 888,870 302,135 82,910 7,639,670 Issuances (1) 75,683 67,787 13,285 10,212 2,388 169,355 Interest accrual (2) 33,480 32,289 11,840 3,668 1,057 82,334 Benefit payments (3) (78,563) (29,261) (23,976) (7,137) (3,354) (142,291) Effect of changes in the foreign exchange rate — — — (708) — (708) Ending balance at original discount rates 3,079,790 3,387,380 890,019 308,170 83,001 7,748,360 Effect of change from original to current discount rates 52,672 (212,708) 59,977 18,363 4,089 (77,607) Balance at March 31, 2023 $ 3,132,462 $ 3,174,672 $ 949,996 $ 326,533 $ 87,090 $ 7,670,753 Balance at January 1, 2024 $ 3,814,328 $ 3,315,880 $ 865,808 $ 335,504 $ 109,482 $ 8,441,002 Beginning balance at original discount rates 3,741,530 3,506,689 816,819 315,431 104,501 8,484,970 Effect of changes in assumptions on future cash flows — — — — — — Effect of actual variances from expected experience (40,325) (19,049) (12,821) (4,002) (2,321) (78,518) Adjusted balance at January 1, 2024 3,701,205 3,487,640 803,998 311,429 102,180 8,406,452 Issuances (1) 104,431 64,008 13,349 9,949 4,598 196,335 Interest accrual (2) 43,444 35,663 10,833 3,937 1,368 95,245 Benefit payments (3) (82,085) (33,037) (23,864) (6,402) (3,096) (148,484) Effect of changes in the foreign exchange rate — — — (1,548) — (1,548) Ending balance at original discount rates 3,766,995 3,554,274 804,316 317,365 105,050 8,548,000 Effect of change from original to current discount rates (10,461) (282,670) 29,690 11,418 2,725 (249,298) Balance at March 31, 2024 $ 3,756,534 $ 3,271,604 $ 834,006 $ 328,783 $ 107,775 $ 8,298,702 (1) Issuances represent the present value, using the original discount rate, of the expected future policy benefits related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected future policy benefits, as well as the interest on actual benefits and expenses paid during the period, using the original interest rate. (3) Benefit payments represent the release of the present value, using the original discount rate, of the actual future policy benefits incurred during the period due to death, lapse, and maturity benefit payments based on the revised expected assumptions. Health (2) Net liability for future policy benefits as of March 31, 2023 United American Family Heritage Liberty National American Income Direct to Consumer Total Net liability for future policy benefits at original discount rates $ 131,149 $ 1,636,912 $ 485,372 $ 110,724 $ (2,965) $ 2,361,192 Effect of changes in discount rate assumptions 3,590 (126,654) 43,177 15,143 (188) (64,932) Other Adjustments (1) 5,380 490 5,776 333 4,162 16,141 Net liability for future policy benefits, after other adjustments, at current discount rates 140,119 1,510,748 534,325 126,200 1,009 2,312,401 Reinsurance recoverable (3,609) (9,852) (1,428) — — (14,889) Net liability for future policy benefits, after reinsurance recoverable, at current discount rates $ 136,510 $ 1,500,896 $ 532,897 $ 126,200 $ 1,009 $ 2,297,512 (1) Other adjustments include the effects of capping and flooring the liability. (2) Includes the immaterial error correction noted below. Health Net liability for future policy benefits as of March 31, 2024 United American Family Heritage Liberty National American Income Direct to Consumer Total Net liability for future policy benefits at original discount rates 105,547 1,752,482 462,151 113,515 (5,813) 2,427,882 Effect of changes in discount rate assumptions (2,408) (174,904) 26,414 11,473 (291) (139,716) Other Adjustments (1) 14,449 444 11,254 749 6,838 33,734 Net liability for future policy benefits, after other adjustments, at current discount rates 117,588 1,578,022 499,819 125,737 734 2,321,900 Reinsurance recoverable (3,096) (10,577) (1,224) — — (14,897) Net liability for future policy benefits, after reinsurance recoverable, at current discount rates $ 114,492 $ 1,567,445 $ 498,595 $ 125,737 $ 734 $ 2,307,003 (1) Other adjustments include the effects of capping and flooring the liability. Immaterial Correction of Previously Issued Financial Statements —The Company previously presented reinsurance recoverable on a net basis as a component of future policy benefits. In the fourth quarter of 2023, the Company corrected its presentation of reinsurance recoverable to a gross basis as a component of other assets, which resulted in the reclassification of $60 million of reinsurance recoverable at current discount rates from liabilities to assets ($49 million at original discount rates) as of March 31, 2023, with no change to equity, and the related tables in the footnote have been adjusted to reflect such changes. Remeasurement Gain or Loss —During the three months ended March 31, 2024 and 2023, the Company's results for actual variances from expected experience produced a net reserve remeasurement gain of $8.1 million and a net reserve remeasurement gain of $659 thousand, respectively, in the Condensed Consolidated Statements of Operations There were no changes to the judgments, assumptions, and methods used in measuring the liability for future policy benefits during the three months ended March 31, 2024 and 2023. The following table reconciles the liability for future policy benefits to the Condensed Consolidated Balance Sheets as of March 31, 2024 and 2023: At Original Discount Rates At Current Discount Rates As of March 31, As of March 31, 2024 2023 (2) 2024 2023 (2) Life (1) : American Income $ 4,620,358 $ 4,247,898 $ 5,305,709 $ 5,169,921 Direct to Consumer 3,030,353 2,844,707 3,558,505 3,518,676 Liberty National 2,265,329 2,213,819 2,402,951 2,438,946 Other 3,085,512 2,978,885 3,639,808 3,683,543 Net liability for future policy benefits—long duration life 13,001,552 12,285,309 14,906,973 14,811,086 Health (1) : United American 117,042 134,455 117,588 140,119 Family Heritage 1,752,138 1,637,015 1,578,022 1,510,748 Liberty National 472,140 489,917 499,819 534,325 American Income 114,146 111,096 125,737 126,200 Direct to Consumer 707 961 734 1,009 Net liability for future policy benefits—long duration health 2,456,173 2,373,444 2,321,900 2,312,401 Deferred profit liability 174,605 177,248 174,605 177,248 Deferred annuity 739,019 907,797 739,019 907,797 Interest sensitive life 729,721 737,900 729,721 737,900 Other 9,810 10,067 9,805 10,066 Total future policy benefits $ 17,110,880 $ 16,491,765 $ 18,882,023 $ 18,956,498 (1) Balances are presented net of the effects of capping and flooring the liability. (2) Includes the immaterial error correction for reinsurance as noted above. The following tables provide the weighted-average original and current discount rates for the liability for future policy benefits and the additional insurance liabilities as of March 31, 2024 and 2023: As of March 31, 2024 2023 Original discount rate Current discount rate Original discount rate Current discount rate Life American Income 5.7 % 5.2 % 5.8 % 4.9 % Direct to Consumer 6.0 % 5.2 % 6.0 % 5.0 % Liberty National 5.6 % 5.2 % 5.6 % 5.0 % Other 6.2 % 5.2 % 6.2 % 5.0 % Health United American 5.1 % 5.0 % 5.2 % 4.8 % Family Heritage 4.2 % 5.1 % 4.3 % 4.9 % Liberty National 5.8 % 5.2 % 5.8 % 4.9 % American Income 5.8 % 5.0 % 5.9 % 4.8 % Direct to Consumer 5.1 % 5.0 % 5.2 % 4.8 % The following table provides the weighted-average durations of the liability for future policy benefits and the additional insurance liabilities as of March 31, 2024 and 2023: As of March 31, 2024 2023 At original discount rates At current discount rates At original discount rates At current discount rates Life American Income 23.05 23.33 22.90 23.33 Direct to Consumer 19.57 21.01 20.24 21.82 Liberty National 15.16 15.60 14.94 15.63 Other 16.18 17.59 16.52 18.23 Health United American 11.53 10.74 11.40 10.80 Family Heritage 15.07 14.34 14.91 14.43 Liberty National 9.23 9.39 9.31 9.66 American Income 12.28 12.67 12.15 12.74 Direct to Consumer 11.53 10.74 11.40 10.80 The following tables summarize the amount of gross premiums and interest related to long duration life and health contracts that are recognized in the Condensed Consolidated Statements of Operations for the three month periods ended March 31, 2024 and 2023: Life Three Months Ended Three Months Ended Gross Interest Gross Interest American Income $ 413,759 $ 66,379 $ 387,145 $ 61,431 Direct to Consumer 245,194 44,460 244,707 41,714 Liberty National 89,871 30,542 84,072 29,769 Other 51,069 45,917 51,835 44,275 Total $ 799,893 $ 187,298 $ 767,759 $ 177,189 Health Three Months Ended Three Months Ended Gross Interest Gross Interest United American $ 104,097 $ 1,567 $ 97,833 $ 1,822 Family Heritage 103,391 17,431 96,090 15,977 Liberty National 47,434 6,583 46,745 6,920 American Income 28,919 1,655 28,096 1,632 Direct to Consumer 3,657 — 3,542 — Total $ 287,498 $ 27,236 $ 272,306 $ 26,351 Gross premiums are included within life and health premium on the Condensed Consolidated Statements of Operations , while the related interest expense is included in life and health policyholder benefits. The following tables provide the undiscounted and discounted expected future net premiums, expected future gross premiums, and expected future policy benefits, at both original and current discount rates, for life and health contracts as of March 31, 2024 and 2023: Life As of March 31, 2024 As of March 31, 2023 Not discounted At original discount rates At current discount rates Not discounted At original discount rates At current discount rates American Income PV of expected future gross premiums $ 24,668,992 $ 13,924,819 $ 14,181,177 $ 23,041,514 $ 13,054,486 $ 13,575,751 PV of expected future net premiums 8,131,005 4,596,138 4,652,671 7,617,532 4,325,957 4,467,637 PV of expected future policy benefits 31,114,756 9,216,265 9,958,093 28,821,998 8,573,734 9,637,463 DTC PV of expected future gross premiums $ 17,617,001 $ 9,214,360 $ 9,597,417 $ 17,479,516 $ 9,165,113 $ 9,773,835 PV of expected future net premiums 10,831,408 5,698,050 5,945,259 10,832,386 5,718,900 6,110,550 PV of expected future policy benefits 25,909,464 8,728,403 9,500,215 25,582,750 8,563,604 9,624,680 Liberty National PV of expected future gross premiums $ 4,667,397 $ 2,725,502 $ 2,739,275 $ 4,453,139 $ 2,599,082 $ 2,667,795 PV of expected future net premiums 1,888,084 1,073,485 1,102,209 1,889,419 1,070,775 1,128,083 PV of expected future policy benefits 8,916,134 3,340,412 3,499,742 8,658,766 3,284,594 3,559,012 Other PV of expected future gross premiums $ 3,701,248 $ 1,879,815 $ 2,027,187 $ 3,798,669 $ 1,920,302 $ 2,126,949 PV of expected future net premiums 906,921 442,392 464,169 919,924 448,677 483,056 PV of expected future policy benefits 12,437,133 3,527,882 4,103,892 12,392,224 3,427,535 4,166,527 Total PV of expected future gross premiums $ 50,654,638 $ 27,744,496 $ 28,545,056 $ 48,772,838 $ 26,738,983 $ 28,144,330 PV of expected future net premiums 21,757,418 11,810,065 12,164,308 21,259,261 11,564,309 12,189,326 PV of expected future policy benefits 78,377,487 24,812,962 27,061,942 75,455,738 23,849,467 26,987,682 As of March 31, 2024, for the life segment using current discount rates, the Company anticipates $28.5 billion of expected future gross premiums and $12.2 billion of expected future net premiums. As of March 31, 2023, using current discount rates, the Company anticipated $28.1 billion of expected future gross premiums and $12.2 billion in expected future net premiums. For each respective period, only expected future net premiums are included in the determination of the liability for future policy benefits on the balance sheet, while the difference between the expected future gross premiums and the expected future net premiums is not. Health As of March 31, 2024 As of March 31, 2023 Not discounted At original discount rates At current discount rates Not discounted At original discount rates At current discount rates United American PV of expected future gross premiums $ 8,757,778 $ 5,349,917 $ 5,334,881 $ 6,783,819 $ 4,279,547 $ 4,346,007 PV of expected future net premiums 6,002,434 3,661,448 3,653,395 4,685,306 2,948,641 2,997,723 PV of expected future policy benefits 6,186,167 3,766,995 3,756,534 4,909,212 3,079,790 3,132,462 Family Heritage PV of expected future gross premiums $ 6,854,106 $ 4,037,762 $ 3,816,256 $ 6,442,316 $ 3,846,392 $ 3,682,300 PV of expected future net premiums 3,039,406 1,801,792 1,694,026 2,908,079 1,750,468 1,664,414 PV of expected future policy benefits 6,769,500 3,554,274 3,271,604 6,358,594 3,387,380 3,174,672 Liberty National PV of expected future gross premiums $ 2,073,015 $ 1,315,879 $ 1,353,262 $ 2,232,290 $ 1,396,334 $ 1,468,763 PV of expected future net premiums 509,069 342,165 345,441 634,061 404,647 421,447 PV of expected future policy benefits 1,395,561 804,316 834,006 1,575,745 890,019 949,996 American Income PV of expected future gross premiums $ 1,768,477 $ 991,946 $ 1,024,262 $ 1,760,671 $ 984,216 $ 1,037,339 PV of expected future net premiums 362,982 203,850 203,795 351,655 197,446 200,666 PV of expected future policy benefits 644,293 317,365 328,783 626,151 308,170 326,533 Direct to Consumer PV of expected future gross premiums $ 238,499 $ 150,065 $ 154,223 $ 171,266 $ 112,442 $ 118,105 PV of expected future net premiums 176,500 110,863 113,879 131,187 85,966 90,243 PV of expected future policy benefits 164,347 105,050 107,775 124,597 83,001 87,090 Total PV of expected future gross premiums $ 19,691,875 $ 11,845,569 $ 11,682,884 $ 17,390,362 $ 10,618,931 $ 10,652,514 PV of expected future net premiums 10,090,391 6,120,118 6,010,536 8,710,288 5,387,168 5,374,493 PV of expected future policy benefits 15,159,868 8,548,000 8,298,702 13,594,299 7,748,360 7,670,753 As of March 31, 2024, for the health segment using current discount rates, the Company anticipates $11.7 billion of expected future gross premiums and $6.0 billion of expected future net premiums. As of March 31, 2023, using current discount rates, the Company anticipated $10.6 billion of expected future gross premiums and $5.4 billion in expected future net premiums. For each respective period, only expected future net premiums are included in the determination of the liability for future policy benefits on the balance sheet, while the difference between the expected future gross premiums and the expected future net premiums is not. The following table summarizes the balances of, and changes in, policyholders’ account balances as of March 31, 2024 and 2023: Policyholders' Account Balances As of March 31, 2024 As of March 31, 2023 Interest Sensitive Life Deferred Annuity Other Policy-holders' Funds Interest Sensitive Life Deferred Annuity Other Policy-holders' Funds Balance at January 1, $ 732,948 $ 773,039 $ 236,958 $ 739,105 $ 954,318 $ 123,236 Issuances — 198 — — 202 — Premiums received 5,624 3,573 166,700 6,030 4,776 21,662 Policy charges (3,111) — — (3,319) — — Surrenders and withdrawals (6,309) (31,563) (3,517) (5,384) (43,533) (3,303) Benefit payments (9,140) (12,771) — (7,844) (15,784) — Interest credited 7,016 6,243 3,521 7,135 7,560 1,238 Other 2,693 300 (2,393) 2,177 258 (147) Balance at March 31, $ 729,721 $ 739,019 $ 401,269 $ 737,900 $ 907,797 $ 142,686 Weighted-average credit rate 3.89 % 3.34 % 4.49 % 3.92 % 3.29 % 3.78 % Net amount at risk $ 1,740,325 N/A N/A $ 1,847,128 N/A N/A Cash surrender value $ 669,721 $ 739,019 $ 401,269 $ 676,247 $ 907,797 $ 142,686 The following tables present the policyholders' account balances by range of guaranteed minimum crediting rates and the related range of difference, if any, in basis points between rates being credited to policy holders and the respective guaranteed minimums as of March 31, 2024 and 2023: At March 31, 2024 Range of guaranteed minimum crediting rates Interest Sensitive Life Deferred Annuity Other Policyholders' Funds At guaranteed minimum Less than 3.00% $ — $ 1,796 $ 303,935 3.00%-3.99% 29,176 545,598 3,521 4.00%-4.99% 610,643 191,625 6,745 Greater than 5.00% 89,902 — 37,384 Total 729,721 739,019 351,585 51-150 basis points above Less than 3.00% — — — 3.00%-3.99% — — — 4.00%-4.99% — — 49,684 Greater than 5.00% — — — Total — — 49,684 Grand Total $ 729,721 $ 739,019 $ 401,269 At March 31, 2023 Range of guaranteed minimum crediting rates Interest Sensitive Life Deferred Annuity Other Policyholders' Funds At guaranteed minimum Less than 3.00% $ — $ 1,971 $ 43,191 3.00%-3.99% 28,956 698,952 4,097 4.00%-4.99% 619,411 206,874 57,596 Greater than 5.00% 89,533 — 37,802 Total $ 737,900 $ 907,797 $ 142,686 51-150 basis points above Less than 3.00% $ — $ — $ — 3.00%-3.99% — — — 4.00%-4.99% — — — Greater than 5.00% — — — Total — — — Grand Total $ 737,900 $ 907,797 $ 142,686

Deferred Acquisition Costs

Deferred Acquisition Costs	3 Months Ended
	Mar. 31, 2024
Insurance [Abstract]
Deferred Acquisition Costs	Note 7—Deferred Acquisition Costs The following tables roll forward the deferred policy acquisition costs for the three month periods ended March 31, 2024 and 2023: Life American Income DTC Liberty National Other Total Balance at January 1, 2023 $ 2,258,291 $ 1,676,931 $ 610,723 $ 298,346 $ 4,844,291 Capitalizations 115,395 47,410 24,221 3,321 190,347 Amortization expense (38,299) (24,753) (12,412) (4,125) (79,589) Foreign exchange adjustment (2,787) — — — (2,787) Balance at March 31, 2023 $ 2,332,600 $ 1,699,588 $ 622,532 $ 297,542 $ 4,952,262 Balance at January 1, 2024 $ 2,573,370 $ 1,737,117 $ 666,419 $ 294,869 $ 5,271,775 Capitalizations 127,443 42,125 26,065 3,013 198,646 Amortization expense (42,976) (25,058) (13,599) (4,135) (85,768) Foreign exchange adjustment (5,828) — — — (5,828) Balance at March 31, 2024 $ 2,652,009 $ 1,754,184 $ 678,885 $ 293,747 $ 5,378,825 Health United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2023 $ 77,394 $ 416,608 $ 133,096 $ 57,811 $ 1,854 $ 686,763 Capitalizations 507 15,097 4,882 3,143 — 23,629 Amortization expense (1,513) (6,560) (3,250) (938) (47) (12,308) Foreign exchange adjustment — — — (126) — (126) Balance at March 31, 2023 $ 76,388 $ 425,145 $ 134,728 $ 59,890 $ 1,807 $ 697,958 Balance at January 1, 2024 $ 73,489 $ 452,843 $ 139,941 $ 66,783 $ 1,679 $ 734,735 Capitalizations 496 16,690 7,979 3,530 1 28,696 Amortization expense (1,381) (7,187) (3,607) (1,099) (37) (13,311) Foreign exchange adjustment — — — (276) — (276) Balance at March 31, 2024 $ 72,604 $ 462,346 $ 144,313 $ 68,938 $ 1,643 $ 749,844 The following table presents a reconciliation of deferred policy acquisition costs to the Condensed Consolidated Balance Sheets as of March 31, 2024: March 31, 2024 2023 Life American Income $ 2,652,009 $ 2,332,600 Direct to Consumer 1,754,184 1,699,588 Liberty National 678,885 622,532 Other 293,747 297,542 Total DAC—Life 5,378,825 4,952,262 Health United American 72,604 76,388 Family Heritage 462,346 425,145 Liberty National 144,313 134,728 American Income 68,938 59,890 Direct to Consumer 1,643 1,807 Total DAC—Health 749,844 697,958 Annuity 2,568 4,218 Tota l $ 6,131,237 $ 5,654,438

Liability for Unpaid Claims

Liability for Unpaid Claims	3 Months Ended
	Mar. 31, 2024
Insurance [Abstract]
Liability for Unpaid Claims	Note 8—Liability for Unpaid Claims Activity in the liability for unpaid health claims is summarized as follows: March 31, December 31, Balance at beginning of period $ 194,809 $ 184,286 Less reinsurance recoverables (2,157) (2,084) Net balance at beginning of period 192,652 182,202 Incurred related to: Current year 184,167 697,521 Prior years 188 (4,853) Total incurred 184,355 692,668 Paid related to: Current year 74,254 535,971 Prior years 103,375 146,247 Total paid 177,629 682,218 Net balance at end of period 199,378 192,652 Plus reinsurance recoverables 1,667 2,157 Balance at end of period $ 201,045 $ 194,809 Below is the reconciliation of the liability of "Policy claims and other benefits payable" in the Condensed Consolidated Balance Sheets . March 31, December 31, Policy claims and other benefits payable: Life insurance $ 319,049 $ 320,066 Health insurance 201,045 194,809 Total $ 520,094 $ 514,875

Postretirement Benefits

Postretirement Benefits	3 Months Ended
	Mar. 31, 2024
Retirement Benefits [Abstract]
Postretirement Benefits	Note 9—Postretirement Benefits Globe Life has qualified noncontributory defined benefit pension plans (Pension Plans) and contributory savings plans that cover substantially all employees. There is also a nonqualified noncontributory supplemental executive retirement plan (SERP) that covers a limited number of officers. The tables included herein will focus on the Pension Plans and SERP. Pension Assets: The following table presents the assets of the Company's Pension Plans at March 31, 2024 and December 31, 2023. Pension Assets by Component at March 31, 2024 Fair Value Determined by: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Total Amount % of Exchange traded fund (4) $ 26,481 $ — $ — $ 26,481 5 Equity exchange traded fund (1) 330,810 — — 330,810 56 U.S. Government and Agency — 159,108 — 159,108 27 Other bonds — 4 — 4 — Guaranteed annuity contract (2) — 43,602 — 43,602 7 Short-term investments 3,016 — — 3,016 1 Other 1,487 — — 1,487 — $ 361,794 $ 202,714 $ — 564,508 96 Other long-term investments (3) 23,670 4 Total pension assets $ 588,178 100 (1) A fund including marketable securities that mirror the S&P 500 index. (2) Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Collective Bargaining Agreement Employees Pension Plan. (3) Includes non-redeemable investment funds that report the Globe Life Inc. Pension Plan's pro-rata share of the limited partnership's net asset value (NAV) per share, or its equivalent, as a practical expedient for fair value. As of March 31, 2024, the Globe Life Inc. Pension Plan owned less than 1% of two long-term investment funds. (4) A fund including U.S. dollar-denominated investment-grade securities issued by industrial, utility, and financial companies with maturities greater than 10 years. Pension Assets by Component at December 31, 2023 Fair Value Determined by: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Amount % of Exchange traded fund (4) $ 18,715 $ — $ — $ 18,715 3 Equity exchange traded fund (1) 315,886 — — 315,886 55 U.S. Government and Agency — 167,450 — 167,450 30 Other bonds — 5 — 5 — Guaranteed annuity contract (2) — 43,428 — 43,428 8 Short-term investments 6,506 — — 6,506 1 Other 463 — — 463 — $ 341,570 $ 210,883 $ — 552,453 97 Other long-term investments (3) 18,314 3 Total pension assets $ 570,767 100 (1) A fund including marketable securities that mirror the S&P 500 index. (2) Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Collective Bargaining Agreement Employees Pension Plan. (3) Includes non-redeemable investment funds that report the Globe Life Inc. Pension Plan's pro-rata share of the limited partnership's net asset value (NAV) per share, or its equivalent, as a practical expedient for fair value. As of December 31, 2023, the Globe Life Inc. Pension Plan owned less than 1% of two long-term investment funds. (4) A fund including U.S. dollar-denominated investment-grade securities issued by industrial, utility, and financial companies with maturities greater than 10 years. SERP : The following tables include premiums paid for the company owned life insurance (COLI) at March 31, 2024 and 2023 and investments of the Rabbi Trust at March 31, 2024 and December 31, 2023. Three Months Ended 2024 2023 Premiums paid for insurance coverage $ 443 $ 443 March 31, December 31, Total investments: COLI $ 55,974 $ 55,185 Exchange traded funds 90,514 86,156 $ 146,488 $ 141,341 Pension Plans and SERP Liabilities : The following table presents liabilities for the defined benefit pension plans and SERP at March 31, 2024 and December 31, 2023. March 31, December 31, Pension Plans $ 574,981 $ 554,957 SERP 72,453 72,603 Benefit obligation $ 647,434 $ 627,560 Net Periodic Benefit Cost: The following table presents the net periodic benefit costs for the defined benefit pension plans and SERP by expense components for the three month periods ended March 31, 2024 and 2023. Components of Net Periodic Benefit Cost Three Months Ended 2024 2023 Service cost—benefits earned during the period $ 6,221 $ 5,392 Interest cost on projected benefit obligation 8,267 7,834 Expected return on assets (10,646) (9,656) Amortization: Prior service cost 269 269 Actuarial (gain) loss 6 (52) Net periodic benefit cost $ 4,117 $ 3,787

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Note 10—Earnings Per Share Earnings per Share : A reconciliation of basic and diluted weighted-average shares outstanding used in the computation of basic and diluted earnings per share is as follows: Three Months Ended 2024 2023 Basic weighted average shares outstanding 93,865,606 96,388,211 Weighted average dilutive options outstanding 1,248,909 1,522,889 Diluted weighted average shares outstanding 95,114,515 97,911,100 Antidilutive shares 186,359 209,870

Debt

Debt	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Debt	Note 11—Debt The following table presents information about the terms and outstanding balances of Globe Life's debt. Selected Information about Debt Issues As of March 31, December 31, Instrument Issue Date Maturity Date Coupon Rate Par Unamortized Discount & Issuance Costs Book Fair Book Senior notes 09/27/2018 09/15/2028 4.550% $ 550,000 $ (3,538) $ 546,462 $ 539,198 $ 546,283 Senior notes 08/21/2020 08/15/2030 2.150% 400,000 (3,214) 396,786 334,816 396,670 Senior notes (1) 05/19/2022 06/15/2032 4.800% 250,000 (4,028) 245,972 242,950 245,873 Junior subordinated debentures 11/17/2017 11/17/2057 5.275% 125,000 (1,569) 123,431 123,538 123,427 Junior subordinated debentures 06/14/2021 06/15/2061 4.250% 325,000 (7,673) 317,327 270,010 317,306 Total long-term debt 1,650,000 (20,022) 1,629,978 1,510,512 1,629,559 Term loan (2) 05/11/2023 11/11/2024 6.680% 170,000 (324) 169,676 169,676 169,549 FHLB borrowings 242,000 — 242,000 242,000 — Commercial paper 324,000 (2,132) 321,868 321,868 316,564 Total short-term debt 736,000 (2,456) 733,544 733,544 486,113 Total debt $ 2,386,000 $ (22,478) $ 2,363,522 $ 2,244,056 $ 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 commercial paper has the highest priority of all unsecured debt, followed by senior notes then junior subordinated debentures. The senior notes are callable under a make-whole provision, and the junior subordinated debentures are subject to an optional redemption five years from issuance. Interest on the 4.25% junior subordinated debentures is payable quarterly while all other long-term debt is payable semi-annually. Credit facility : On March 29, 2024, Globe Life amended the credit agreement dated September 30, 2021, which provides for a $1 billion revolving credit facility that may be increased to $1.25 billion. The amended credit facility matures March 29, 2029 and may be extended up to two one-year periods upon the Company's request. Pursuant to this agreement, the participating lenders have agreed to make revolving loans to Globe Life and to issue secured or unsecured letters of credit. The Company has not drawn on any of the credit to date. The facility is further designated as a back-up credit line for a commercial paper program under which the Company may either borrow from the credit line or issue commercial paper at any time, with total commercial paper outstanding not to exceed the facility maximum of $1 billion, less any letters of credit issued. Interest is charged at variable rates. In accordance with the agreement, Globe Life is subject to certain covenants regarding capitalization. As of March 31, 2024, the Company was in full compliance with these covenants. The following tables present certain information about our commercial paper borrowings. Credit Facility—Commercial Paper (Dollar amounts in thousands) At March 31, December 31, 2023 March 31, Balance of commercial paper at end of period (par value) $ 324,000 $ 319,000 $ 305,000 Annualized interest rate 5.63 % 5.71 % 5.28 % Letters of credit outstanding $ 115,000 $ 115,000 $ 115,000 Remaining amount available under credit line 561,000 316,000 330,000 Credit Facility—Commercial Paper Activity (Dollar amounts in thousands) Three Months Ended March 31, 2024 2023 Average balance of commercial paper outstanding during period (par value) $ 346,088 $ 293,892 Daily-weighted average interest rate (annualized) 5.68 % 4.95 % Maximum daily amount outstanding during period (par value) $ 384,000 $ 477,700 Commercial paper issued during period (par value) 404,000 545,000 Commercial paper matured during period (par value) (399,000) (525,000) Net commercial paper issued (matured) during period (par value) 5,000 20,000 Federal Home Loan Bank (FHLB) : FHLB membership provides our insurance subsidiaries with access to various low-cost collateralized borrowings and funding agreements. The membership requires ownership of FHLB common stock, as well as the purchase of activity-based common stock equal to approximately 4.1% of outstanding borrowings. Globe Life owned $34.3 million in FHLB common stock as of March 31, 2024 and $22.3 million as of December 31, 2023. The FHLB stock is restricted for the duration of the membership and recorded at cost (par) as required by applicable guidance. The FHLB stock is included in "Other long-term investments " in the Condensed Consolidated Balance Sheets. Borrowings with the FHLB are subject to the availability of pledged assets at the insurance subsidiaries of Globe Life. As of March 31, 2024, Globe Life's insurance subsidiaries maximum borrowing capacity under the FHLB facility was approximately $589 million, net of outstanding funding agreements and short-term borrowings, on pledged assets with a fair value of $1.4 billion. As of March 31, 2024, $303 million in funding agreements were outstanding with the FHLB, compared to $138 million as of December 31, 2023. This amount is included in "Other policyholders' funds" in the Condensed Consolidated Balance Sheets . In addition, the Company had $242 million in short-term borrowings from the FHLB as of March 31, 2024, compared to $0 as of December 31, 2023, this amount is recorded in "Short-term debt".

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Business Segments	Note 12—Business Segments Globe Life is organized into four segments: life insurance, supplemental health insurance, annuities, and investments. In addition, other expenses not included in these segments are reported in "Corporate & Other." Globe Life's reportable insurance segments are based on the insurance product lines it markets and administers: life insurance, supplemental health insurance, and annuities. These major product lines are set out as reportable segments because of the common characteristics of products within these categories, comparability of margins, and the similarity in regulatory environment and management techniques. There is also an investment segment that manages the investment portfolio and cash flow for the insurance segments and the corporate function, which excludes the interest on deferred acquisition costs. The Company's chief operating decision makers evaluate the overall performance of the operations of the Company in accordance with these segments. Life insurance products marketed by Globe Life include traditional whole life and term life insurance. An immaterial amount of annuities sold as companion products are included in the life segment. Health insurance products are generally guaranteed renewable and include Medicare Supplement, cancer, critical illness, accident, and other limited-benefit supplemental hospital and surgical products. Annuities include fixed-benefit contracts. The following tables present segment premium revenue by each of Globe Life's distribution channels. Premium Income by Distribution Channel Three Months Ended March 31, 2024 Life Health Annuity Total Distribution Channel Amount % of Amount % of Amount % of Amount % of American Income $ 414,044 52 $ 30,497 9 $ — — $ 444,541 39 Direct to Consumer 248,040 31 17,866 5 — — 265,906 23 Liberty National 90,777 11 47,630 14 — — 138,407 12 United American 1,843 — 141,635 42 — — 143,478 13 Family Heritage 1,616 — 103,391 30 — — 105,007 9 Other 47,945 6 — — — — 47,945 4 $ 804,265 100 $ 341,019 100 $ — — $ 1,145,284 100 Three Months Ended March 31, 2023 Life Health Annuity Total Distribution Channel Amount % of Total Amount % of Total Amount % of Total Amount % of Total American Income $ 387,512 50 $ 29,594 9 $ — — $ 417,106 38 Direct to Consumer 247,667 32 17,248 5 — — 264,915 24 Liberty National 85,203 11 46,972 15 — — 132,175 12 United American 1,882 — 132,607 41 — — 134,489 12 Family Heritage 1,480 — 96,072 30 — — 97,552 9 Other 48,853 7 — — — — 48,853 5 $ 772,597 100 $ 322,493 100 $ — — $ 1,095,090 100 Due to the nature of the life insurance industry, Globe Life has no individual or group that would be considered a major customer. Substantially all of Globe Life's business is conducted in the United States. The measure of profitability established by the chief operating decision makers for the insurance segments is underwriting margin before other income and administrative expenses, in accordance with the manner in which the segments are managed. It essentially represents gross profit margin on insurance products before insurance administrative expenses and consists primarily of premium less net policy benefits, acquisition expenses, and commissions. Required interest on policy liabilities is reflected as a component of the Investment segment (rather than as a component of underwriting margin in the insurance and annuity segments) in order to match this cost with the investment income earned on the assets supporting the policy liabilities. The measure of profitability for the Investment segment is excess investment income, representing the income earned on the investment portfolio in excess of policy requirements. Other than the required interest on the insurance segments, no other intersegment revenues or expenses are recognized. Expenses directly attributable to corporate operations are included in the “Corporate & Other” category. Stock-based compensation expense is considered a corporate expense by Globe Life management and is included in this category. All other unallocated revenues and expenses on a pretax basis, including insurance administrative expense and interest on debt, are also included in the “Corporate & Other” segment category. Globe Life holds a sizable investment portfolio to support its insurance liabilities, the yield from which is used to offset policy benefit, acquisition, administrative, and tax expenses. This yield or investment income is taken into account when establishing premium rates and profitability expectations for its insurance products. From time to time, investments are sold or called, or experience a credit loss event, each of which are reflected by the Company as realized gain (loss)—investments. These gains or losses generally occur as a result of disposition due to issuer calls, compliance with Company investment policies, or other reasons often beyond management’s control. Unlike investment income, realized gains and losses are incidental to insurance operations, and only overall yields are considered when setting premium rates or insurance product profitability expectations. While these gains and losses are not relevant to segment profitability or core operating results, they can have a material positive or negative result on net income. For these reasons, management removes realized investment gains and losses when it views its segment operations. Management also removes non-operating items unrelated to the Company's core insurance activities when evaluating those results. Therefore, these items are excluded in its presentation of segment results because accounting guidance requires that operating segment results be presented as management views its business. All of these items are included in “Other operating expense” in the Condensed Consolidated Statements of Operations for the appropriate year. See additional detail below in the tables. 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 March 31, 2024 Life Health Annuity Investment Corporate & Other Adjustments Consolidated Revenue: Premium $ 804,265 $ 341,019 $ — $ — $ — $ — $ 1,145,284 Net investment income — — — 282,578 — — 282,578 Other income — — — — 76 — 76 Total revenue 804,265 341,019 — 282,578 76 — 1,427,938 Expenses: Policy benefits 519,871 202,327 6,127 3,468 — — 731,793 Required interest on reserves (199,707) (27,173) (8,445) 235,325 — — — Amortization of acquisition costs 85,768 13,311 399 — — — 99,478 Commissions, premium taxes, and non-deferred acquisition costs 89,322 58,784 4 — — — 148,110 Insurance administrative expense (1) — — — — 80,411 — 80,411 Parent expense — — — — 2,826 710 (2) 3,536 Stock-based compensation expense — — — — 9,267 — 9,267 Interest expense — — — — 28,621 — 28,621 Total expenses 495,254 247,249 (1,915) 238,793 121,125 710 1,101,216 Subtotal 309,011 93,770 1,915 43,785 (121,049) (710) 326,722 Non-operating items — — — — — 710 (2) 710 Measure of segment profitability (pretax) $ 309,011 $ 93,770 $ 1,915 $ 43,785 $ (121,049) $ — 327,432 Realized gains (losses) (11,799) Non-operating expenses (710) Income before income taxes per Condensed Consolidated Statements of Operations $ 314,923 (1) Administrative expense is not allocated to insurance segments. (2) Non-operating expenses. Three Months Ended March 31, 2023 Life Health Annuity Investment Corporate & Other Adjustments Consolidated Revenue: Premium $ 772,597 $ 322,493 $ — $ — $ — $ — $ 1,095,090 Net investment income — — — 257,105 — — 257,105 Other income — — — — 50 — 50 Total revenue 772,597 322,493 — 257,105 50 — 1,352,245 Expenses: Policy obligations 507,977 190,962 7,541 1,447 — — 707,927 Required interest on reserves (189,821) (26,323) (10,259) 226,403 — — — Amortization of acquisition costs 79,589 12,308 425 — — — 92,322 Commissions, premium taxes, and non-deferred acquisition costs 83,578 54,214 5 — — — 137,797 Insurance administrative expense (1) — — — — 73,907 — 73,907 Parent expense — — — — 2,585 2,585 Stock-based compensation expense — — — — 7,679 — 7,679 Interest expense — — — — 24,867 — 24,867 Total expenses 481,323 231,161 (2,288) 227,850 109,038 — 1,047,084 Subtotal 291,274 91,332 2,288 29,255 (108,988) — 305,161 Non-operating items — — — — — — — Measure of segment profitability (pretax) $ 291,274 $ 91,332 $ 2,288 $ 29,255 $ (108,988) $ — 305,161 Realized gains (losses) (30,927) Income before income taxes per Condensed Consolidated Statements of Operations $ 274,234 (1) Administrative expense is not allocated to insurance segments.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 254,217	$ 223,610

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation : The accompanying condensed consolidated financial statements of Globe Life have been prepared in accordance with the instructions to Form 10-Q. Therefore, they do not include all of the disclosures required by accounting principles generally accepted in the United States of America (GAAP) for annual financial statements. However, in the opinion of management, these statements include all adjustments, consisting of normal recurring adjustments, which are necessary for a fair presentation of the condensed consolidated financial position at March 31, 2024, and the condensed consolidated results of operations, comprehensive income, and cash flows for the periods ended March 31, 2024 and 2023. The interim period condensed consolidated financial statements should be read in conjunction with the Consolidated Financial Statements that are included in the Form 10-K filed with the Securities Exchange Commission (SEC) on February 28, 2024.
Use of Estimates	Use of Estimates : The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. See further documentation in the significant accounting policies or the accompanying notes.
Accounting Pronouncements Yet to be Adopted	Accounting Pronouncements Adopted in the Current Year Standard Description Effective Date Effect on the Condensed Consolidated Financial Statements ASU No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ASU 2022-03 adds disclosure requirements specific to equity securities subject to contractual sale restrictions. The disclosures clarify the nature of the contractual sale as well as the duration of the restriction and the circumstances that could cause a lapse in the restriction. This standard is effective for the Company for fiscal years beginning on January 1, 2024 and interim periods within those fiscal years. The adoption of this standard did not have a material impact on the Condensed Consolidated Financial Statements. Accounting Pronouncements Yet to be Adopted Standard Description Effective Date Effect on the Condensed Consolidated Financial Statements ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ASU 2023-07 adds disclosure requirements to segment expenses, improving the financial reporting of the entity’s overall performance and assessment of future cash flows. The disclosures will require more detailed information related to the entity’s reportable segments. This standard is effective for the Company for annual periods beginning on January 1, 2024 and for interim periods beginning on January 1, 2025, and will be implemented on a retrospective basis. The Company does not expect the standard will have a material impact on the Condensed Consolidated Financial Statements. ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ASU 2023-09 adds disclosure requirements to disaggregated information related to the effective tax rate reconciliation and information on income taxes paid. The disclosures will enhance the assessment of the entity’s operations and related tax risks. This standard is effective for the Company for annual periods beginning on January 1, 2025, and will be implemented on a prospective basis. The Company does not expect the standard will have a material impact on the Condensed Consolidated Financial Statements.

New Accounting Standards (Table

New Accounting Standards (Tables)	3 Months Ended
	Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract]
Schedule Of New Accounting Standards on Previously Reported Results	Accounting Pronouncements Adopted in the Current Year Standard Description Effective Date Effect on the Condensed Consolidated Financial Statements ASU No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ASU 2022-03 adds disclosure requirements specific to equity securities subject to contractual sale restrictions. The disclosures clarify the nature of the contractual sale as well as the duration of the restriction and the circumstances that could cause a lapse in the restriction. This standard is effective for the Company for fiscal years beginning on January 1, 2024 and interim periods within those fiscal years. The adoption of this standard did not have a material impact on the Condensed Consolidated Financial Statements. Accounting Pronouncements Yet to be Adopted Standard Description Effective Date Effect on the Condensed Consolidated Financial Statements ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ASU 2023-07 adds disclosure requirements to segment expenses, improving the financial reporting of the entity’s overall performance and assessment of future cash flows. The disclosures will require more detailed information related to the entity’s reportable segments. This standard is effective for the Company for annual periods beginning on January 1, 2024 and for interim periods beginning on January 1, 2025, and will be implemented on a retrospective basis. The Company does not expect the standard will have a material impact on the Condensed Consolidated Financial Statements. ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ASU 2023-09 adds disclosure requirements to disaggregated information related to the effective tax rate reconciliation and information on income taxes paid. The disclosures will enhance the assessment of the entity’s operations and related tax risks. This standard is effective for the Company for annual periods beginning on January 1, 2025, and will be implemented on a prospective basis. The Company does not expect the standard will have a material impact on the Condensed Consolidated Financial Statements.

Supplemental Information Abou_2

Supplemental Information About Changes to Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Schedule of Change in Balance by Component of Accumulated Other Comprehensive Income	An analysis of the change in balance by component of Accumulated Other Comprehensive Income is as follows for the three month periods ended March 31, 2024 and 2023: Three Months Ended March 31, 2024 Available Future Policy Benefits Foreign Pension Total Balance at January 1, 2024 $ (827,596) $ (1,947,391) $ 4,719 $ (2,151) $ (2,772,419) Other comprehensive income (loss) before reclassifications, net of tax (239,684) 556,632 (9,951) — 306,997 Reclassifications, net of tax (1,905) — — 91 (1,814) Other comprehensive income (loss) (241,589) 556,632 (9,951) 91 305,183 Balance at March 31, 2024 $ (1,069,185) $ (1,390,759) $ (5,232) $ (2,060) $ (2,467,236) Three Months Ended March 31, 2023 Available Future Policy Benefits Foreign Pension Total Balance at January 1, 2023 $ (1,420,672) $ (1,369,204) $ (1,681) $ 1,244 $ (2,790,313) Other comprehensive income (loss) before reclassifications, net of tax 378,162 (569,503) (5,148) — (196,489) Reclassifications, net of tax 25,746 — — (37) 25,709 Other comprehensive income (loss) 403,908 (569,503) (5,148) (37) (170,780) Balance at March 31, 2023 $ (1,016,764) $ (1,938,707) $ (6,829) $ 1,207 $ (2,961,093)
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income	Reclassification adjustments out of Accumulated Other Comprehensive Income are presented below for the three month periods ended March 31, 2024 and 2023. Three Months Ended March 31, Affected line items in the Statements of Operations Component Line Item 2024 2023 Unrealized investment (gains) losses on available for sale assets: Realized (gains) losses $ (228) $ 33,124 Realized (gains) losses Amortization of (discount) premium (2,184) (534) Net investment income Total before tax (2,412) 32,590 Tax 507 (6,844) Income taxes Total after-tax (1,905) 25,746 Pension adjustments: Amortization of prior service cost 269 269 Other operating expense Amortization of actuarial (gain) loss (151) (317) Other operating expense Total before tax 118 (48) Tax (27) 11 Income taxes Total after-tax 91 (37) Total reclassification (after-tax) $ (1,814) $ 25,709

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Fixed Maturities and Equity Securities Available for Sale by Component	Summaries of fixed maturities available for sale by amortized cost, fair value, and allowance for credit losses at March 31, 2024 and December 31, 2023, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) are as follows. Redeemable preferred stock is included within "Corporates, by sector." At March 31, 2024 Amortized Allowance for Credit Losses Gross Gross Fair Value (1) % of Total Fixed Maturities (2) Fixed maturities available for sale: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 401,859 $ — $ 1 $ (39,039) $ 362,821 2 States, municipalities, and political subdivisions 3,301,276 — 38,251 (454,605) 2,884,922 16 Foreign governments 39,558 — — (10,227) 29,331 — Corporates, by sector: Industrials 8,297,566 (7,027) 161,482 (667,927) 7,784,094 43 Financial 5,213,973 — 89,584 (416,724) 4,886,833 27 Utilities 2,127,792 — 51,901 (105,623) 2,074,070 11 Total corporates 15,639,331 (7,027) 302,967 (1,190,274) 14,744,997 81 Collateralized debt obligations 36,730 — 3,001 — 39,731 — Other asset-backed securities 86,030 — 2 (3,481) 82,551 1 Total fixed maturities $ 19,504,784 $ (7,027) $ 344,222 $ (1,697,626) $ 18,144,353 100 (1) Amount reported in the balance sheet. (2) At fair value. At December 31, 2023 Amortized Allowance for Credit Losses Gross Gross Fair Value (1) % of Total Fixed Maturities (2) Fixed maturities available for sale: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 398,450 $ — $ 7 $ (32,306) $ 366,151 2 States, municipalities, and political subdivisions 3,296,305 — 47,346 (403,329) 2,940,322 16 Foreign governments 44,453 — 1 (10,348) 34,106 — Corporates, by sector: Industrials 8,016,126 (7,115) 213,078 (566,847) 7,655,242 43 Financial 5,028,151 — 112,368 (388,340) 4,752,179 27 Utilities 2,017,967 — 73,925 (94,130) 1,997,762 11 Total corporates 15,062,244 (7,115) 399,371 (1,049,317) 14,405,183 81 Collateralized debt obligations 37,110 — 5,036 — 42,146 — Other asset-backed securities 86,352 — 3 (4,057) 82,298 1 Total fixed maturities $ 18,924,914 $ (7,115) $ 451,764 $ (1,499,357) $ 17,870,206 100 (1) Amount reported in the balance sheet. (2) At fair value.
Schedule of Fixed Maturities by Contractual Maturity	A schedule of fixed maturities available for sale by contractual maturity date at March 31, 2024, is shown below on an amortized cost basis, net of allowance for credit losses, and on a fair value basis. Actual disposition dates could differ from contractual maturities due to call or prepayment provisions. At March 31, 2024 Amortized Fair Fixed maturities available for sale: Due in one year or less $ 86,769 $ 86,518 Due after one year through five years 857,913 862,187 Due after five years through ten years 2,034,083 2,040,670 Due after ten years through twenty years 8,712,181 8,331,022 Due after twenty years 7,684,013 6,701,637 Mortgage-backed and asset-backed securities 122,798 122,319 $ 19,497,757 $ 18,144,353
Schedule of Analysis of Investment Operations	"Net investment income" for the three month periods ended March 31, 2024 and 2023 is summarized as follows: Three Months Ended 2024 2023 % Change Fixed maturities available for sale $ 246,098 $ 232,299 6 Policy loans 12,816 11,755 9 Mortgage loans 6,760 4,003 69 Other long-term investments (1) 19,663 11,740 67 Short-term investments 1,688 1,595 287,025 261,392 10 Less investment expense (4,447) (4,287) 4 Net investment income $ 282,578 $ 257,105 10 (1) For the three months ended March 31, 2024 and 2023, the investment funds, accounted for under the fair value option method, recorded $18.9 million and $11.3 million, respectively, in net investment income. Refer to Other Long-Term Investments below
Schedule of Realized Gains (Losses) on Investments	Selected information about sales of fixed maturities available for sale is as follows: Three Months Ended 2024 2023 Fixed maturities available for sale: Proceeds from sales (1) $ 27,853 $ 15,705 Gross realized gains 175 — Gross realized losses (35) (358) (1) There were no unsettled sales in the periods ended March 31, 2024 and 2023. An analysis of "Realized gains (losses)" is as follows: Three Months Ended 2024 2023 Realized investment gains (losses): Fixed maturities available for sale: Sales and other (1) $ 140 $ (357) Provision for credit losses 88 (32,767) Fair value option—change in fair value (15,403) 1,858 Mortgage loans (874) (1,280) Other investments 314 (214) Realized gains (losses) from investments (15,735) (32,760) Other gains (losses) 3,936 1,833 Total realized gains (losses) (11,799) (30,927) Applicable tax 2,478 6,495 Realized gains (losses), net of tax $ (9,321) $ (24,432) (1)
Schedule of Fair Value of Fixed Maturities Measured on a Recurring Basis	The following tables represent the fair value of fixed maturities measured on a recurring basis at March 31, 2024 and December 31, 2023: Fair Value Measurement at March 31, 2024: Quoted Prices in Significant Other Significant Total Fair Fixed maturities available for sale U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ 362,821 $ — $ 362,821 States, municipalities, and political subdivisions — 2,884,922 — 2,884,922 Foreign governments — 29,331 — 29,331 Corporates, by sector: Industrials — 7,584,006 200,088 7,784,094 Financial — 4,756,052 130,781 4,886,833 Utilities — 1,967,375 106,695 2,074,070 Total corporates — 14,307,433 437,564 14,744,997 Collateralized debt obligations — — 39,731 39,731 Other asset-backed securities — 82,551 — 82,551 Total fixed maturities $ — $ 17,667,058 $ 477,295 $ 18,144,353 Percentage of total — % 97 % 3 % 100 % Fair Value Measurement at December 31, 2023: Quoted Prices in Significant Other Significant Total Fair Fixed maturities available for sale U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ 366,151 $ — $ 366,151 States, municipalities, and political subdivisions — 2,940,322 — 2,940,322 Foreign governments — 34,106 — 34,106 Corporates, by sector: Industrials — 7,440,493 214,749 7,655,242 Financial — 4,621,160 131,019 4,752,179 Utilities — 1,888,797 108,965 1,997,762 Total corporates — 13,950,450 454,733 14,405,183 Collateralized debt obligations — — 42,146 42,146 Other asset-backed securities — 82,298 — 82,298 Total fixed maturities $ — $ 17,373,327 $ 496,879 $ 17,870,206 Percentage of total — % 97 % 3 % 100 % The following tables disclose unrealized investment losses by class and major sector of fixed maturities available for sale at March 31, 2024 and December 31, 2023. Analysis of Gross Unrealized Investment Losses At March 31, 2024 Less than Twelve Months Twelve Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities available for sale: Investment grade securities: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 2,033 $ (66) $ 360,438 $ (38,973) $ 362,471 $ (39,039) States, municipalities, and political subdivisions 479,111 (7,440) 1,648,303 (447,165) 2,127,414 (454,605) Foreign governments 1,469 (5) 27,862 (10,222) 29,331 (10,227) Corporates, by sector: Industrials 692,151 (25,399) 4,221,438 (613,109) 4,913,589 (638,508) Financial 361,061 (3,813) 2,419,494 (369,671) 2,780,555 (373,484) Utilities 284,655 (3,438) 681,618 (100,695) 966,273 (104,133) Total corporates 1,337,867 (32,650) 7,322,550 (1,083,475) 8,660,417 (1,116,125) Collateralized debt obligations — — — — — — Other asset-backed securities — — 71,424 (2,980) 71,424 (2,980) Total investment grade securities 1,820,480 (40,161) 9,430,577 (1,582,815) 11,251,057 (1,622,976) Below investment grade securities: Corporates, by sector: Industrials — — 146,466 (29,419) 146,466 (29,419) Financial 8,704 (1,403) 166,838 (41,837) 175,542 (43,240) Utilities 8,902 (27) 19,713 (1,463) 28,615 (1,490) Total corporates 17,606 (1,430) 333,017 (72,719) 350,623 (74,149) Collateralized debt obligations — — — — — — Other asset-backed securities — — 11,079 (501) 11,079 (501) Total below investment grade securities 17,606 (1,430) 344,096 (73,220) 361,702 (74,650) Total fixed maturities $ 1,838,086 $ (41,591) $ 9,774,673 $ (1,656,035) $ 11,612,759 $ (1,697,626) Analysis of Gross Unrealized Investment Losses At December 31, 2023 Less than Twelve Months Twelve Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities available for sale: Investment grade securities: U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ — $ 364,006 $ (32,306) $ 364,006 $ (32,306) States, municipalities, and political subdivisions 252,800 (3,520) 1,610,163 (399,809) 1,862,963 (403,329) Foreign governments — — 32,591 (10,348) 32,591 (10,348) Corporates, by sector: Industrials 191,573 (3,881) 4,317,827 (530,011) 4,509,400 (533,892) Financial 242,099 (6,584) 2,341,424 (339,628) 2,583,523 (346,212) Utilities 81,194 (648) 686,043 (91,959) 767,237 (92,607) Total corporates 514,866 (11,113) 7,345,294 (961,598) 7,860,160 (972,711) Collateralized debt obligations — — — — — — Other asset-backed securities — — 70,956 (3,648) 70,956 (3,648) Total investment grade securities 767,666 (14,633) 9,423,010 (1,407,709) 10,190,676 (1,422,342) Below investment grade securities: Corporates, by sector: Industrials 10,745 (199) 145,697 (32,756) 156,442 (32,955) Financial 25,563 (2,602) 151,190 (39,526) 176,753 (42,128) Utilities — — 19,654 (1,523) 19,654 (1,523) Total corporates 36,308 (2,801) 316,541 (73,805) 352,849 (76,606) Collateralized debt obligations — — — — — — Other asset-backed securities — — 11,288 (409) 11,288 (409) Total below investment grade securities 36,308 (2,801) 327,829 (74,214) 364,137 (77,015) Total fixed maturities $ 803,974 $ (17,434) $ 9,750,839 $ (1,481,923) $ 10,554,813 $ (1,499,357)
Schedule of Fair Value, Assets Measured on Recurring Basis Using Significant Unobservable Inputs	The following tables represent changes in fixed maturities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Asset- backed Securities Collateralized Corporates Total Balance at January 1, 2024 $ — $ 42,146 $ 454,733 $ 496,879 Included in realized gains / losses — — — — Included in other comprehensive income — (2,035) (5,996) (8,031) Acquisitions — — 7,800 7,800 Sales — — — — Amortization — 1,141 (4) 1,137 Other (1) — (1,521) (18,969) (20,490) Transfers into Level 3 (2) — — — — Transfers out of Level 3 (2) — — — — Balance at March 31, 2024 $ — $ 39,731 $ 437,564 $ 477,295 Percent of total fixed maturities — % — % 3 % 3 % (1) Includes capitalized interest, foreign exchange adjustments, and principal repayments. (2) Considered to be transferred at the end of the period. Transfers into Level 3 occur when observable inputs are no longer available. Transfers out of Level 3 occur when observable inputs become available. Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Asset- backed Securities Collateralized Corporates Total Balance at January 1, 2023 $ — $ 50,364 $ 478,083 $ 528,447 Included in realized gains / losses — — — — Included in other comprehensive income — (4,542) 5,370 828 Acquisitions — — — — Sales — — — — Amortization — 1,141 2 1,143 Other (1) — (1,461) (11,816) (13,277) Transfers into Level 3 (2) — — — — Transfers out of Level 3 (2) — — — — Balance at March 31, 2023 $ — $ 45,502 $ 471,639 $ 517,141 Percent of total fixed maturities — % — % 3 % 3 % (1) Includes capitalized interest, foreign exchange adjustments, and principal repayments. (2) Considered to be transferred at the end of the period. Transfers into Level 3 occur when observable inputs are no longer available. Transfers out of Level 3 occur when observable inputs become available. The following table presents changes in unrealized gains and losses for the period included in accumulated other comprehensive income for assets held at the end of the reporting period for Level 3 classification: Changes in Unrealized Gains (Losses) included in Accumulated Other Comprehensive Income for Assets Held at the End of the Period Asset- Collateralized Corporates Total At March 31, 2024 $ — $ (2,035) $ (5,996) $ (8,031) At March 31, 2023 — (4,542) 5,370 828
Schedule of Additional Information about Investments in Unrealized Loss Position	The following table discloses information about fixed maturities available for sale in an unrealized loss position. Less than Twelve Months Twelve Months or Longer Total Number of issues (CUSIPs) held: As of March 31, 2024 350 1,654 2,004 As of December 31, 2023 151 1,614 1,765
Schedule of Fixed Maturities, Allowance for Credit Loss	A summary of the activity in the allowance for credit losses is as follows. Three Months Ended 2024 2023 Allowance for credit losses beginning balance $ 7,115 $ — Additions to allowance for which credit losses were not previously recorded — 32,767 Additions (reductions) to allowance for fixed maturities that previously had an allowance (88) — Reduction of allowance for which the Company intends to sell or more likely than not will be required to sell or sold during the period — — Allowance for credit losses ending balance $ 7,027 $ 32,767
Schedule of Commercial Mortgage Loan Participations	Summaries of commercial mortgage loans by property type and geographical location at March 31, 2024 and December 31, 2023 are as follows: March 31, 2024 December 31, 2023 Carrying Value % of Total Carrying Value % of Total Property type: Multi-family $ 117,147 36 $ 116,299 42 Industrial 81,975 25 57,267 20 Retail 46,822 14 23,925 9 Hospitality 43,634 13 43,897 16 Mixed use 37,267 11 34,749 12 Office 6,734 2 6,734 2 Total recorded investment 333,579 101 282,871 101 Less allowance for credit losses (4,546) (1) (3,672) (1) Carrying value, net of allowance for credit losses $ 329,033 100 $ 279,199 100 March 31, 2024 December 31, 2023 Carrying Value % of Total Carrying Value % of Total Geographic location: Florida $ 60,587 18 $ 48,233 17 California 57,093 17 54,721 20 Texas 53,399 16 45,111 16 New Jersey 44,592 14 44,574 16 New York 35,142 11 20,284 7 Washington 14,978 4 14,969 5 Other 67,788 21 54,979 20 Total recorded investment 333,579 101 282,871 101 Less allowance for credit losses (4,546) (1) (3,672) (1) Carrying value, net of allowance for credit losses $ 329,033 100 $ 279,199 100
Schedule of Commercial Loan Participations, Credit Quality Indicators	The following tables are reflective of the key factors, debt service coverage ratios, and loan-to-value (LTV) ratios that are utilized by management to monitor the performance of the portfolios. The Company only makes new investments in commercial mortgage loans that have a LTV ratio less than 80%. LTV's that exceed 80% are generally as a result of decreases in the valuation of the underlying property. Generally, a higher LTV ratio and a lower debt service coverage ratio equates to higher risk of loss. March 31, 2024 Recorded Investment Debt Service Coverage Ratios (1) <1.00x 1.00x—1.20x >1.20x Total % of Gross Total Loan-to-value ratio (2) : Less than 70% $ 35,492 $ 155,974 $ 125,457 $ 316,923 95 70% to 80% — — — — — 81% to 90% 9,621 — — 9,621 3 Greater than 90% 7,035 — — 7,035 2 Total $ 52,148 $ 155,974 $ 125,457 333,579 100 Less allowance for credit losses (4,546) Total, net of allowance for credit losses $ 329,033 (1) Annual net operating income divided by annual mortgage debt service (principal and interest). (2) Loan balance divided by appraised value at origination, including planned renovations and stabilized occupancy. Updated internal valuations are used when a loan is materially underperforming. December 31, 2023 Recorded Investment Debt Service Coverage Ratios (1) <1.00x 1.00x—1.20x >1.20x Total % of Gross Total Loan-to-value ratio (2) : Less than 70% $ 27,091 $ 180,761 $ 58,364 $ 266,216 94 70% to 80% — — — — — 81% to 90% 8,468 — 1,153 9,621 3 Greater than 90% 7,034 — — 7,034 3 Total $ 42,593 $ 180,761 $ 59,517 282,871 100 Less allowance for credit losses (3,672) Total, net of allowance for credit losses $ 279,199 (1) Annual net operating income divided by annual mortgage debt service (principal and interest). (2) Loan balance divided by appraised value at origination, including planned renovations and stabilized occupancy. Updated internal valuations are used when a loan is materially underperforming.
Schedule of Commercial Loan Participations, Allowance for Credit Loss	Three Months Ended 2024 2023 Allowance for credit losses beginning balance $ 3,672 $ 1,789 Provision (reversal) for credit losses 874 1,280 Allowance for credit losses ending balance $ 4,546 $ 3,069
Schedule of Other Long-Term Investments	Other long-term investments consist of the following assets: March 31, December 31, 2023 Investment funds $ 844,916 $ 795,583 Other 54,169 40,295 Total $ 899,085 $ 835,878
Schedule of Investment Funds	The following table presents additional information about the Company's investment funds as of March 31, 2024 and December 31, 2023 at fair value: Fair Value Unfunded Commitments Investment Category March 31, December 31, 2023 March 31, Redemption Term/Notice (1) Commercial mortgage loans $ 459,549 $ 411,315 $ 489,617 Fully redeemable and non-redeemable with varying terms. Opportunistic and private credit 180,019 181,410 125,844 Fully redeemable and non-redeemable with varying terms. Infrastructure 165,441 165,887 16,706 Fully redeemable and non-redeemable with varying terms. Other 39,907 36,971 53,752 Non-redeemable with varying terms Total investment funds $ 844,916 $ 795,583 $ 685,919 (1) Non-redeemable funds generally have an expected life of 7 to 12 years from fund closing with extension options of 1 to 4 years. Redemptions are paid out throughout the life of the funds at the General Partner's discretion. Redeemable funds can generally be redeemed over 6 to 36 months upon request from limited partners.

Policy Liabilities (Tables)

Policy Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Policyholder Account Balance [Abstract]
Schedule of Liability for Future Policy Benefit, Activity	Life Present value of expected future net premiums American Income DTC Liberty National Other Total Balance at January 1, 2023 $ 4,273,156 $ 5,910,224 $ 1,094,407 $ 470,741 $ 11,748,528 Beginning balance at original discount rates 4,246,723 5,680,864 1,066,123 449,209 11,442,919 Effect of changes in assumptions on future cash flows — — — — — Effect of actual variances from expected experience (29,981) (47,988) (5,590) (1,886) (85,445) Adjusted balance at January 1, 2023 4,216,742 5,632,876 1,060,533 447,323 11,357,474 Issuances (1) 192,555 168,952 30,142 7,241 398,890 Interest accrual (2) 47,898 70,991 13,288 5,670 137,847 Net premiums collected (3) (127,239) (153,919) (33,188) (11,557) (325,903) Effect of changes in the foreign exchange rate (3,999) — — — (3,999) Ending balance at original discount rates 4,325,957 5,718,900 1,070,775 448,677 11,564,309 Effect of change from original to current discount rates 141,680 391,650 57,308 34,379 625,017 Balance at March 31, 2023 $ 4,467,637 $ 6,110,550 $ 1,128,083 $ 483,056 $ 12,189,326 Balance at January 1, 2024 $ 4,681,888 $ 6,052,651 $ 1,129,716 $ 478,052 $ 12,342,307 Beginning balance at original discount rates 4,523,329 5,664,259 1,077,831 443,949 11,709,368 Effect of changes in assumptions on future cash flows — — — — — Effect of actual variances from expected experience (48,248) (36,229) (10,448) (1,851) (96,776) Adjusted balance at January 1, 2024 4,475,081 5,628,030 1,067,383 442,098 11,612,592 Issuances (1) 211,847 149,231 26,164 5,931 393,173 Interest accrual (2) 53,823 73,420 13,839 5,764 146,846 Net premiums collected (3) (135,686) (152,631) (33,901) (11,401) (333,619) Effect of changes in the foreign exchange rate (8,927) — — — (8,927) Ending balance at original discount rates 4,596,138 5,698,050 1,073,485 442,392 11,810,065 Effect of change from original to current discount rates 56,533 247,209 28,724 21,777 354,243 Balance at March 31, 2024 $ 4,652,671 $ 5,945,259 $ 1,102,209 $ 464,169 $ 12,164,308 (1) Issuances represent the present value, using the original discount rate, of the expected net premiums related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected net premiums, as well as the interest on actual net premiums earned during the period, using the original interest rate. (3) Net premiums collected represent the product of the current period net premium ratio and the gross premiums collected during the period on the in-force business. Life Present value of expected future policy benefits American Income DTC Liberty National Other Total Balance at January 1, 2023 $ 9,119,104 $ 9,225,451 $ 3,429,256 $ 3,976,150 $ 25,749,961 Beginning balance at original discount rates 8,409,761 8,477,892 3,272,980 3,403,704 23,564,337 Effect of changes in assumptions on future cash flows — — — — — Effect of actual variances from expected experience (31,526) (48,947) (7,054) (2,896) (90,423) Adjusted balance at January 1, 2023 8,378,235 8,428,945 3,265,926 3,400,808 23,473,914 Issuances (1) 192,555 168,952 30,142 7,241 398,890 Interest accrual (2) 109,329 112,768 43,256 50,378 315,731 Benefit payments (3) (96,674) (147,061) (54,730) (30,892) (329,357) Effect of changes in the foreign exchange rate (9,711) — — — (9,711) Ending balance at original discount rates 8,573,734 8,563,604 3,284,594 3,427,535 23,849,467 Effect of change from original to current discount rates 1,063,729 1,061,076 274,418 738,992 3,138,215 Balance at March 31, 2023 $ 9,637,463 $ 9,624,680 $ 3,559,012 $ 4,166,527 $ 26,987,682 Balance at January 1, 2024 $ 10,163,627 $ 9,714,516 $ 3,605,392 $ 4,239,623 $ 27,723,158 Beginning balance at original discount rates 9,061,833 8,656,752 3,338,252 3,506,859 24,563,696 Effect of changes in assumptions on future cash flows — — — — — Effect of actual variances from expected experience (52,221) (36,444) (10,449) (2,867) (101,981) Adjusted balance at January 1, 2024 9,009,612 8,620,308 3,327,803 3,503,992 24,461,715 Issuances (1) 211,847 149,231 26,164 5,931 393,173 Interest accrual (2) 120,201 117,925 44,554 52,136 334,816 Benefit payments (3) (104,758) (159,061) (58,109) (34,177) (356,105) Effect of changes in the foreign exchange rate (20,637) — — — (20,637) Ending balance at original discount rates 9,216,265 8,728,403 3,340,412 3,527,882 24,812,962 Effect of change from original to current discount rates 741,828 771,812 159,330 576,010 2,248,980 Balance at March 31, 2024 $ 9,958,093 $ 9,500,215 $ 3,499,742 $ 4,103,892 $ 27,061,942 (1) Issuances represent the present value, using the original discount rate, of the expected future policy benefits related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected future policy benefits, as well as the interest on actual benefits and expenses paid during the period, using the original interest rate. (3) Benefit payments represent the release of the present value, using the original discount rate, of the actual future policy benefits incurred during the period due to death, lapse, and maturity benefit payments based on the revised expected assumptions. Life (2) Net liability for future policy benefits as of March 31, 2023 American Income DTC Liberty National Other Total Net liability for future policy benefits at original discount rates $ 4,247,777 $ 2,844,704 $ 2,213,819 $ 2,978,858 $ 12,285,158 Effect of changes in discount rate assumptions 922,049 669,426 217,110 704,613 2,513,198 Other Adjustments (1) 95 4,546 8,017 72 12,730 Net liability for future policy benefits, after other adjustments, at current discount rates 5,169,921 3,518,676 2,438,946 3,683,543 14,811,086 Reinsurance recoverable (141) — (7,531) (36,837) (44,509) Net liability for future policy benefits, after reinsurance recoverable, at current discount rates $ 5,169,780 $ 3,518,676 $ 2,431,415 $ 3,646,706 $ 14,766,577 (1) Other adjustments include the Company's effects of capping and flooring the liability. (2) Includes the immaterial error correction noted below. Life Net liability for future policy benefits as of March 31, 2024 American Income DTC Liberty National Other Total Net liability for future policy benefits at original discount rates $ 4,620,127 $ 3,030,353 $ 2,266,927 $ 3,085,490 $ 13,002,897 Effect of changes in discount rate assumptions 685,295 524,603 130,606 554,233 1,894,737 Other Adjustments (1) 287 3,549 5,418 85 9,339 Net liability for future policy benefits, after other adjustments, at current discount rates 5,305,709 3,558,505 2,402,951 3,639,808 14,906,973 Reinsurance recoverable (170) — (7,787) (36,564) (44,521) Net liability for future policy benefits, after reinsurance recoverable, at current discount rates $ 5,305,539 $ 3,558,505 $ 2,395,164 $ 3,603,244 $ 14,862,452 (1) Other adjustments include the Company's capping and flooring the liability. The following tables summarize balances and changes in the net liability for future policy benefits for long-duration health contracts for the three month periods ended March 31, 2024 and 2023: Health Present value of expected future net premiums United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2023 $ 2,908,501 $ 1,594,992 $ 423,490 $ 190,296 $ 90,143 $ 5,207,422 Beginning balance at original discount rates 2,941,261 1,729,219 415,442 192,631 87,751 5,366,304 Effect of changes in assumptions on future cash flows — — — — — — Effect of actual variances from expected experience (34,132) (18,758) (16,585) (1,621) (2,573) (73,669) Adjusted balance at January 1, 2023 2,907,129 1,710,461 398,857 191,010 85,178 5,292,635 Issuances (1) 75,839 67,787 13,303 10,212 2,392 169,533 Interest accrual (2) 31,587 16,199 4,890 2,036 1,057 55,769 Net premiums collected (3) (65,914) (43,979) (12,403) (5,424) (2,661) (130,381) Effect of changes in the foreign exchange rate — — — (388) — (388) Ending balance at original discount rates 2,948,641 1,750,468 404,647 197,446 85,966 5,387,168 Effect of change from original to current discount rates 49,082 (86,054) 16,800 3,220 4,277 (12,675) Balance at March 31, 2023 $ 2,997,723 $ 1,664,414 $ 421,447 $ 200,666 $ 90,243 $ 5,374,493 Balance at January 1, 2024 $ 3,697,771 $ 1,711,741 $ 358,472 $ 206,381 $ 115,363 $ 6,089,728 Beginning balance at original discount rates 3,625,803 1,783,173 348,570 201,869 109,880 6,069,295 Effect of changes in assumptions on future cash flows — — — — — — Effect of actual variances from expected experience (40,531) (17,092) (11,410) (3,550) (2,316) (74,899) Adjusted balance at January 1, 2024 3,585,272 1,766,081 337,160 198,319 107,564 5,994,396 Issuances (1) 104,603 64,008 13,558 9,949 4,609 196,727 Interest accrual (2) 41,822 18,103 4,227 2,283 1,368 67,803 Net premiums collected (3) (70,249) (46,400) (12,780) (5,839) (2,678) (137,946) Effect of changes in the foreign exchange rate — — — (862) — (862) Ending balance at original discount rates 3,661,448 1,801,792 342,165 203,850 110,863 6,120,118 Effect of change from original to current discount rates (8,053) (107,766) 3,276 (55) 3,016 (109,582) Balance at March 31, 2024 $ 3,653,395 $ 1,694,026 $ 345,441 $ 203,795 $ 113,879 $ 6,010,536 (1) Issuances represent the present value, using the original discount rate, of the expected net premiums related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected net premiums, as well as the interest on actual net premiums earned during the period, using the original interest rate. (3) Net premiums collected represent the product of the current period net premium ratio and the gross premiums collected during the period on the in-force business. Health Present value of expected future policy benefits United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2023 $ 3,046,829 $ 3,005,664 $ 941,574 $ 312,750 $ 87,532 $ 7,394,349 Beginning balance at original discount rates 3,080,633 3,336,344 904,865 303,713 85,212 7,710,767 Effect of changes in assumptions on future cash flows — — — — — — Effect of actual variances from expected experience (31,443) (19,779) (15,995) (1,578) (2,302) (71,097) Adjusted balance at January 1, 2023 3,049,190 3,316,565 888,870 302,135 82,910 7,639,670 Issuances (1) 75,683 67,787 13,285 10,212 2,388 169,355 Interest accrual (2) 33,480 32,289 11,840 3,668 1,057 82,334 Benefit payments (3) (78,563) (29,261) (23,976) (7,137) (3,354) (142,291) Effect of changes in the foreign exchange rate — — — (708) — (708) Ending balance at original discount rates 3,079,790 3,387,380 890,019 308,170 83,001 7,748,360 Effect of change from original to current discount rates 52,672 (212,708) 59,977 18,363 4,089 (77,607) Balance at March 31, 2023 $ 3,132,462 $ 3,174,672 $ 949,996 $ 326,533 $ 87,090 $ 7,670,753 Balance at January 1, 2024 $ 3,814,328 $ 3,315,880 $ 865,808 $ 335,504 $ 109,482 $ 8,441,002 Beginning balance at original discount rates 3,741,530 3,506,689 816,819 315,431 104,501 8,484,970 Effect of changes in assumptions on future cash flows — — — — — — Effect of actual variances from expected experience (40,325) (19,049) (12,821) (4,002) (2,321) (78,518) Adjusted balance at January 1, 2024 3,701,205 3,487,640 803,998 311,429 102,180 8,406,452 Issuances (1) 104,431 64,008 13,349 9,949 4,598 196,335 Interest accrual (2) 43,444 35,663 10,833 3,937 1,368 95,245 Benefit payments (3) (82,085) (33,037) (23,864) (6,402) (3,096) (148,484) Effect of changes in the foreign exchange rate — — — (1,548) — (1,548) Ending balance at original discount rates 3,766,995 3,554,274 804,316 317,365 105,050 8,548,000 Effect of change from original to current discount rates (10,461) (282,670) 29,690 11,418 2,725 (249,298) Balance at March 31, 2024 $ 3,756,534 $ 3,271,604 $ 834,006 $ 328,783 $ 107,775 $ 8,298,702 (1) Issuances represent the present value, using the original discount rate, of the expected future policy benefits related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected future policy benefits, as well as the interest on actual benefits and expenses paid during the period, using the original interest rate. (3) Benefit payments represent the release of the present value, using the original discount rate, of the actual future policy benefits incurred during the period due to death, lapse, and maturity benefit payments based on the revised expected assumptions. Health (2) Net liability for future policy benefits as of March 31, 2023 United American Family Heritage Liberty National American Income Direct to Consumer Total Net liability for future policy benefits at original discount rates $ 131,149 $ 1,636,912 $ 485,372 $ 110,724 $ (2,965) $ 2,361,192 Effect of changes in discount rate assumptions 3,590 (126,654) 43,177 15,143 (188) (64,932) Other Adjustments (1) 5,380 490 5,776 333 4,162 16,141 Net liability for future policy benefits, after other adjustments, at current discount rates 140,119 1,510,748 534,325 126,200 1,009 2,312,401 Reinsurance recoverable (3,609) (9,852) (1,428) — — (14,889) Net liability for future policy benefits, after reinsurance recoverable, at current discount rates $ 136,510 $ 1,500,896 $ 532,897 $ 126,200 $ 1,009 $ 2,297,512 (1) Other adjustments include the effects of capping and flooring the liability. (2) Includes the immaterial error correction noted below. Health Net liability for future policy benefits as of March 31, 2024 United American Family Heritage Liberty National American Income Direct to Consumer Total Net liability for future policy benefits at original discount rates 105,547 1,752,482 462,151 113,515 (5,813) 2,427,882 Effect of changes in discount rate assumptions (2,408) (174,904) 26,414 11,473 (291) (139,716) Other Adjustments (1) 14,449 444 11,254 749 6,838 33,734 Net liability for future policy benefits, after other adjustments, at current discount rates 117,588 1,578,022 499,819 125,737 734 2,321,900 Reinsurance recoverable (3,096) (10,577) (1,224) — — (14,897) Net liability for future policy benefits, after reinsurance recoverable, at current discount rates $ 114,492 $ 1,567,445 $ 498,595 $ 125,737 $ 734 $ 2,307,003 (1) Other adjustments include the effects of capping and flooring the liability. There were no changes to the judgments, assumptions, and methods used in measuring the liability for future policy benefits during the three months ended March 31, 2024 and 2023. The following table reconciles the liability for future policy benefits to the Condensed Consolidated Balance Sheets as of March 31, 2024 and 2023: At Original Discount Rates At Current Discount Rates As of March 31, As of March 31, 2024 2023 (2) 2024 2023 (2) Life (1) : American Income $ 4,620,358 $ 4,247,898 $ 5,305,709 $ 5,169,921 Direct to Consumer 3,030,353 2,844,707 3,558,505 3,518,676 Liberty National 2,265,329 2,213,819 2,402,951 2,438,946 Other 3,085,512 2,978,885 3,639,808 3,683,543 Net liability for future policy benefits—long duration life 13,001,552 12,285,309 14,906,973 14,811,086 Health (1) : United American 117,042 134,455 117,588 140,119 Family Heritage 1,752,138 1,637,015 1,578,022 1,510,748 Liberty National 472,140 489,917 499,819 534,325 American Income 114,146 111,096 125,737 126,200 Direct to Consumer 707 961 734 1,009 Net liability for future policy benefits—long duration health 2,456,173 2,373,444 2,321,900 2,312,401 Deferred profit liability 174,605 177,248 174,605 177,248 Deferred annuity 739,019 907,797 739,019 907,797 Interest sensitive life 729,721 737,900 729,721 737,900 Other 9,810 10,067 9,805 10,066 Total future policy benefits $ 17,110,880 $ 16,491,765 $ 18,882,023 $ 18,956,498 (1) Balances are presented net of the effects of capping and flooring the liability. (2) Includes the immaterial error correction for reinsurance as noted above. The following tables provide the weighted-average original and current discount rates for the liability for future policy benefits and the additional insurance liabilities as of March 31, 2024 and 2023: As of March 31, 2024 2023 Original discount rate Current discount rate Original discount rate Current discount rate Life American Income 5.7 % 5.2 % 5.8 % 4.9 % Direct to Consumer 6.0 % 5.2 % 6.0 % 5.0 % Liberty National 5.6 % 5.2 % 5.6 % 5.0 % Other 6.2 % 5.2 % 6.2 % 5.0 % Health United American 5.1 % 5.0 % 5.2 % 4.8 % Family Heritage 4.2 % 5.1 % 4.3 % 4.9 % Liberty National 5.8 % 5.2 % 5.8 % 4.9 % American Income 5.8 % 5.0 % 5.9 % 4.8 % Direct to Consumer 5.1 % 5.0 % 5.2 % 4.8 % The following table provides the weighted-average durations of the liability for future policy benefits and the additional insurance liabilities as of March 31, 2024 and 2023: As of March 31, 2024 2023 At original discount rates At current discount rates At original discount rates At current discount rates Life American Income 23.05 23.33 22.90 23.33 Direct to Consumer 19.57 21.01 20.24 21.82 Liberty National 15.16 15.60 14.94 15.63 Other 16.18 17.59 16.52 18.23 Health United American 11.53 10.74 11.40 10.80 Family Heritage 15.07 14.34 14.91 14.43 Liberty National 9.23 9.39 9.31 9.66 American Income 12.28 12.67 12.15 12.74 Direct to Consumer 11.53 10.74 11.40 10.80 The following tables summarize the amount of gross premiums and interest related to long duration life and health contracts that are recognized in the Condensed Consolidated Statements of Operations for the three month periods ended March 31, 2024 and 2023: Life Three Months Ended Three Months Ended Gross Interest Gross Interest American Income $ 413,759 $ 66,379 $ 387,145 $ 61,431 Direct to Consumer 245,194 44,460 244,707 41,714 Liberty National 89,871 30,542 84,072 29,769 Other 51,069 45,917 51,835 44,275 Total $ 799,893 $ 187,298 $ 767,759 $ 177,189 Health Three Months Ended Three Months Ended Gross Interest Gross Interest United American $ 104,097 $ 1,567 $ 97,833 $ 1,822 Family Heritage 103,391 17,431 96,090 15,977 Liberty National 47,434 6,583 46,745 6,920 American Income 28,919 1,655 28,096 1,632 Direct to Consumer 3,657 — 3,542 — Total $ 287,498 $ 27,236 $ 272,306 $ 26,351
Schedule of Undiscounted and Discounted Expected Future Gross Premiums and Expected Future Benefits And Expenses	The following tables provide the undiscounted and discounted expected future net premiums, expected future gross premiums, and expected future policy benefits, at both original and current discount rates, for life and health contracts as of March 31, 2024 and 2023: Life As of March 31, 2024 As of March 31, 2023 Not discounted At original discount rates At current discount rates Not discounted At original discount rates At current discount rates American Income PV of expected future gross premiums $ 24,668,992 $ 13,924,819 $ 14,181,177 $ 23,041,514 $ 13,054,486 $ 13,575,751 PV of expected future net premiums 8,131,005 4,596,138 4,652,671 7,617,532 4,325,957 4,467,637 PV of expected future policy benefits 31,114,756 9,216,265 9,958,093 28,821,998 8,573,734 9,637,463 DTC PV of expected future gross premiums $ 17,617,001 $ 9,214,360 $ 9,597,417 $ 17,479,516 $ 9,165,113 $ 9,773,835 PV of expected future net premiums 10,831,408 5,698,050 5,945,259 10,832,386 5,718,900 6,110,550 PV of expected future policy benefits 25,909,464 8,728,403 9,500,215 25,582,750 8,563,604 9,624,680 Liberty National PV of expected future gross premiums $ 4,667,397 $ 2,725,502 $ 2,739,275 $ 4,453,139 $ 2,599,082 $ 2,667,795 PV of expected future net premiums 1,888,084 1,073,485 1,102,209 1,889,419 1,070,775 1,128,083 PV of expected future policy benefits 8,916,134 3,340,412 3,499,742 8,658,766 3,284,594 3,559,012 Other PV of expected future gross premiums $ 3,701,248 $ 1,879,815 $ 2,027,187 $ 3,798,669 $ 1,920,302 $ 2,126,949 PV of expected future net premiums 906,921 442,392 464,169 919,924 448,677 483,056 PV of expected future policy benefits 12,437,133 3,527,882 4,103,892 12,392,224 3,427,535 4,166,527 Total PV of expected future gross premiums $ 50,654,638 $ 27,744,496 $ 28,545,056 $ 48,772,838 $ 26,738,983 $ 28,144,330 PV of expected future net premiums 21,757,418 11,810,065 12,164,308 21,259,261 11,564,309 12,189,326 PV of expected future policy benefits 78,377,487 24,812,962 27,061,942 75,455,738 23,849,467 26,987,682 Health As of March 31, 2024 As of March 31, 2023 Not discounted At original discount rates At current discount rates Not discounted At original discount rates At current discount rates United American PV of expected future gross premiums $ 8,757,778 $ 5,349,917 $ 5,334,881 $ 6,783,819 $ 4,279,547 $ 4,346,007 PV of expected future net premiums 6,002,434 3,661,448 3,653,395 4,685,306 2,948,641 2,997,723 PV of expected future policy benefits 6,186,167 3,766,995 3,756,534 4,909,212 3,079,790 3,132,462 Family Heritage PV of expected future gross premiums $ 6,854,106 $ 4,037,762 $ 3,816,256 $ 6,442,316 $ 3,846,392 $ 3,682,300 PV of expected future net premiums 3,039,406 1,801,792 1,694,026 2,908,079 1,750,468 1,664,414 PV of expected future policy benefits 6,769,500 3,554,274 3,271,604 6,358,594 3,387,380 3,174,672 Liberty National PV of expected future gross premiums $ 2,073,015 $ 1,315,879 $ 1,353,262 $ 2,232,290 $ 1,396,334 $ 1,468,763 PV of expected future net premiums 509,069 342,165 345,441 634,061 404,647 421,447 PV of expected future policy benefits 1,395,561 804,316 834,006 1,575,745 890,019 949,996 American Income PV of expected future gross premiums $ 1,768,477 $ 991,946 $ 1,024,262 $ 1,760,671 $ 984,216 $ 1,037,339 PV of expected future net premiums 362,982 203,850 203,795 351,655 197,446 200,666 PV of expected future policy benefits 644,293 317,365 328,783 626,151 308,170 326,533 Direct to Consumer PV of expected future gross premiums $ 238,499 $ 150,065 $ 154,223 $ 171,266 $ 112,442 $ 118,105 PV of expected future net premiums 176,500 110,863 113,879 131,187 85,966 90,243 PV of expected future policy benefits 164,347 105,050 107,775 124,597 83,001 87,090 Total PV of expected future gross premiums $ 19,691,875 $ 11,845,569 $ 11,682,884 $ 17,390,362 $ 10,618,931 $ 10,652,514 PV of expected future net premiums 10,090,391 6,120,118 6,010,536 8,710,288 5,387,168 5,374,493 PV of expected future policy benefits 15,159,868 8,548,000 8,298,702 13,594,299 7,748,360 7,670,753
Schedule of Policyholder Account Balance	The following table summarizes the balances of, and changes in, policyholders’ account balances as of March 31, 2024 and 2023: Policyholders' Account Balances As of March 31, 2024 As of March 31, 2023 Interest Sensitive Life Deferred Annuity Other Policy-holders' Funds Interest Sensitive Life Deferred Annuity Other Policy-holders' Funds Balance at January 1, $ 732,948 $ 773,039 $ 236,958 $ 739,105 $ 954,318 $ 123,236 Issuances — 198 — — 202 — Premiums received 5,624 3,573 166,700 6,030 4,776 21,662 Policy charges (3,111) — — (3,319) — — Surrenders and withdrawals (6,309) (31,563) (3,517) (5,384) (43,533) (3,303) Benefit payments (9,140) (12,771) — (7,844) (15,784) — Interest credited 7,016 6,243 3,521 7,135 7,560 1,238 Other 2,693 300 (2,393) 2,177 258 (147) Balance at March 31, $ 729,721 $ 739,019 $ 401,269 $ 737,900 $ 907,797 $ 142,686 Weighted-average credit rate 3.89 % 3.34 % 4.49 % 3.92 % 3.29 % 3.78 % Net amount at risk $ 1,740,325 N/A N/A $ 1,847,128 N/A N/A Cash surrender value $ 669,721 $ 739,019 $ 401,269 $ 676,247 $ 907,797 $ 142,686
Schedule of Policyholder Account Balance, Guaranteed Minimum Crediting Rate	The following tables present the policyholders' account balances by range of guaranteed minimum crediting rates and the related range of difference, if any, in basis points between rates being credited to policy holders and the respective guaranteed minimums as of March 31, 2024 and 2023: At March 31, 2024 Range of guaranteed minimum crediting rates Interest Sensitive Life Deferred Annuity Other Policyholders' Funds At guaranteed minimum Less than 3.00% $ — $ 1,796 $ 303,935 3.00%-3.99% 29,176 545,598 3,521 4.00%-4.99% 610,643 191,625 6,745 Greater than 5.00% 89,902 — 37,384 Total 729,721 739,019 351,585 51-150 basis points above Less than 3.00% — — — 3.00%-3.99% — — — 4.00%-4.99% — — 49,684 Greater than 5.00% — — — Total — — 49,684 Grand Total $ 729,721 $ 739,019 $ 401,269 At March 31, 2023 Range of guaranteed minimum crediting rates Interest Sensitive Life Deferred Annuity Other Policyholders' Funds At guaranteed minimum Less than 3.00% $ — $ 1,971 $ 43,191 3.00%-3.99% 28,956 698,952 4,097 4.00%-4.99% 619,411 206,874 57,596 Greater than 5.00% 89,533 — 37,802 Total $ 737,900 $ 907,797 $ 142,686 51-150 basis points above Less than 3.00% $ — $ — $ — 3.00%-3.99% — — — 4.00%-4.99% — — — Greater than 5.00% — — — Total — — — Grand Total $ 737,900 $ 907,797 $ 142,686

Deferred Acquisition Costs (Tab

Deferred Acquisition Costs (Tables)	3 Months Ended
	Mar. 31, 2024
Insurance [Abstract]
Schedule of Analysis of Deferred Acquisition Costs	The following tables roll forward the deferred policy acquisition costs for the three month periods ended March 31, 2024 and 2023: Life American Income DTC Liberty National Other Total Balance at January 1, 2023 $ 2,258,291 $ 1,676,931 $ 610,723 $ 298,346 $ 4,844,291 Capitalizations 115,395 47,410 24,221 3,321 190,347 Amortization expense (38,299) (24,753) (12,412) (4,125) (79,589) Foreign exchange adjustment (2,787) — — — (2,787) Balance at March 31, 2023 $ 2,332,600 $ 1,699,588 $ 622,532 $ 297,542 $ 4,952,262 Balance at January 1, 2024 $ 2,573,370 $ 1,737,117 $ 666,419 $ 294,869 $ 5,271,775 Capitalizations 127,443 42,125 26,065 3,013 198,646 Amortization expense (42,976) (25,058) (13,599) (4,135) (85,768) Foreign exchange adjustment (5,828) — — — (5,828) Balance at March 31, 2024 $ 2,652,009 $ 1,754,184 $ 678,885 $ 293,747 $ 5,378,825 Health United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2023 $ 77,394 $ 416,608 $ 133,096 $ 57,811 $ 1,854 $ 686,763 Capitalizations 507 15,097 4,882 3,143 — 23,629 Amortization expense (1,513) (6,560) (3,250) (938) (47) (12,308) Foreign exchange adjustment — — — (126) — (126) Balance at March 31, 2023 $ 76,388 $ 425,145 $ 134,728 $ 59,890 $ 1,807 $ 697,958 Balance at January 1, 2024 $ 73,489 $ 452,843 $ 139,941 $ 66,783 $ 1,679 $ 734,735 Capitalizations 496 16,690 7,979 3,530 1 28,696 Amortization expense (1,381) (7,187) (3,607) (1,099) (37) (13,311) Foreign exchange adjustment — — — (276) — (276) Balance at March 31, 2024 $ 72,604 $ 462,346 $ 144,313 $ 68,938 $ 1,643 $ 749,844 The following table presents a reconciliation of deferred policy acquisition costs to the Condensed Consolidated Balance Sheets as of March 31, 2024: March 31, 2024 2023 Life American Income $ 2,652,009 $ 2,332,600 Direct to Consumer 1,754,184 1,699,588 Liberty National 678,885 622,532 Other 293,747 297,542 Total DAC—Life 5,378,825 4,952,262 Health United American 72,604 76,388 Family Heritage 462,346 425,145 Liberty National 144,313 134,728 American Income 68,938 59,890 Direct to Consumer 1,643 1,807 Total DAC—Health 749,844 697,958 Annuity 2,568 4,218 Tota l $ 6,131,237 $ 5,654,438

Liability for Unpaid Claims (Ta

Liability for Unpaid Claims (Tables)	3 Months Ended
	Mar. 31, 2024
Insurance [Abstract]
Schedule of Liability for Unpaid Health Claims	Activity in the liability for unpaid health claims is summarized as follows: March 31, December 31, Balance at beginning of period $ 194,809 $ 184,286 Less reinsurance recoverables (2,157) (2,084) Net balance at beginning of period 192,652 182,202 Incurred related to: Current year 184,167 697,521 Prior years 188 (4,853) Total incurred 184,355 692,668 Paid related to: Current year 74,254 535,971 Prior years 103,375 146,247 Total paid 177,629 682,218 Net balance at end of period 199,378 192,652 Plus reinsurance recoverables 1,667 2,157 Balance at end of period $ 201,045 $ 194,809
Schedule of Reconciliation of Policy Claims and Other Benefits Payable	Below is the reconciliation of the liability of "Policy claims and other benefits payable" in the Condensed Consolidated Balance Sheets . March 31, December 31, Policy claims and other benefits payable: Life insurance $ 319,049 $ 320,066 Health insurance 201,045 194,809 Total $ 520,094 $ 514,875

Postretirement Benefits (Tables

Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2024
Retirement Benefits [Abstract]
Schedule of Pension Assets by Component at Fair Value	Pension Assets: The following table presents the assets of the Company's Pension Plans at March 31, 2024 and December 31, 2023. Pension Assets by Component at March 31, 2024 Fair Value Determined by: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Total Amount % of Exchange traded fund (4) $ 26,481 $ — $ — $ 26,481 5 Equity exchange traded fund (1) 330,810 — — 330,810 56 U.S. Government and Agency — 159,108 — 159,108 27 Other bonds — 4 — 4 — Guaranteed annuity contract (2) — 43,602 — 43,602 7 Short-term investments 3,016 — — 3,016 1 Other 1,487 — — 1,487 — $ 361,794 $ 202,714 $ — 564,508 96 Other long-term investments (3) 23,670 4 Total pension assets $ 588,178 100 (1) A fund including marketable securities that mirror the S&P 500 index. (2) Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Collective Bargaining Agreement Employees Pension Plan. (3) Includes non-redeemable investment funds that report the Globe Life Inc. Pension Plan's pro-rata share of the limited partnership's net asset value (NAV) per share, or its equivalent, as a practical expedient for fair value. As of March 31, 2024, the Globe Life Inc. Pension Plan owned less than 1% of two long-term investment funds. (4) A fund including U.S. dollar-denominated investment-grade securities issued by industrial, utility, and financial companies with maturities greater than 10 years. Pension Assets by Component at December 31, 2023 Fair Value Determined by: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Amount % of Exchange traded fund (4) $ 18,715 $ — $ — $ 18,715 3 Equity exchange traded fund (1) 315,886 — — 315,886 55 U.S. Government and Agency — 167,450 — 167,450 30 Other bonds — 5 — 5 — Guaranteed annuity contract (2) — 43,428 — 43,428 8 Short-term investments 6,506 — — 6,506 1 Other 463 — — 463 — $ 341,570 $ 210,883 $ — 552,453 97 Other long-term investments (3) 18,314 3 Total pension assets $ 570,767 100 (1) A fund including marketable securities that mirror the S&P 500 index. (2) Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Collective Bargaining Agreement Employees Pension Plan. (3) Includes non-redeemable investment funds that report the Globe Life Inc. Pension Plan's pro-rata share of the limited partnership's net asset value (NAV) per share, or its equivalent, as a practical expedient for fair value. As of December 31, 2023, the Globe Life Inc. Pension Plan owned less than 1% of two long-term investment funds. (4)
Schedule of Information Regarding the SERP	The following tables include premiums paid for the company owned life insurance (COLI) at March 31, 2024 and 2023 and investments of the Rabbi Trust at March 31, 2024 and December 31, 2023. Three Months Ended 2024 2023 Premiums paid for insurance coverage $ 443 $ 443 March 31, December 31, Total investments: COLI $ 55,974 $ 55,185 Exchange traded funds 90,514 86,156 $ 146,488 $ 141,341
Schedule of Pension Liability	The following table presents liabilities for the defined benefit pension plans and SERP at March 31, 2024 and December 31, 2023. March 31, December 31, Pension Plans $ 574,981 $ 554,957 SERP 72,453 72,603 Benefit obligation $ 647,434 $ 627,560
Schedule of Net Periodic Benefit Cost	The following table presents the net periodic benefit costs for the defined benefit pension plans and SERP by expense components for the three month periods ended March 31, 2024 and 2023. Components of Net Periodic Benefit Cost Three Months Ended 2024 2023 Service cost—benefits earned during the period $ 6,221 $ 5,392 Interest cost on projected benefit obligation 8,267 7,834 Expected return on assets (10,646) (9,656) Amortization: Prior service cost 269 269 Actuarial (gain) loss 6 (52) Net periodic benefit cost $ 4,117 $ 3,787

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of 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: Three Months Ended 2024 2023 Basic weighted average shares outstanding 93,865,606 96,388,211 Weighted average dilutive options outstanding 1,248,909 1,522,889 Diluted weighted average shares outstanding 95,114,515 97,911,100 Antidilutive shares 186,359 209,870

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 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 March 31, December 31, Instrument Issue Date Maturity Date Coupon Rate Par Unamortized Discount & Issuance Costs Book Fair Book Senior notes 09/27/2018 09/15/2028 4.550% $ 550,000 $ (3,538) $ 546,462 $ 539,198 $ 546,283 Senior notes 08/21/2020 08/15/2030 2.150% 400,000 (3,214) 396,786 334,816 396,670 Senior notes (1) 05/19/2022 06/15/2032 4.800% 250,000 (4,028) 245,972 242,950 245,873 Junior subordinated debentures 11/17/2017 11/17/2057 5.275% 125,000 (1,569) 123,431 123,538 123,427 Junior subordinated debentures 06/14/2021 06/15/2061 4.250% 325,000 (7,673) 317,327 270,010 317,306 Total long-term debt 1,650,000 (20,022) 1,629,978 1,510,512 1,629,559 Term loan (2) 05/11/2023 11/11/2024 6.680% 170,000 (324) 169,676 169,676 169,549 FHLB borrowings 242,000 — 242,000 242,000 — Commercial paper 324,000 (2,132) 321,868 321,868 316,564 Total short-term debt 736,000 (2,456) 733,544 733,544 486,113 Total debt $ 2,386,000 $ (22,478) $ 2,363,522 $ 2,244,056 $ 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 (Dollar amounts in thousands) At March 31, December 31, 2023 March 31, Balance of commercial paper at end of period (par value) $ 324,000 $ 319,000 $ 305,000 Annualized interest rate 5.63 % 5.71 % 5.28 % Letters of credit outstanding $ 115,000 $ 115,000 $ 115,000 Remaining amount available under credit line 561,000 316,000 330,000 Credit Facility—Commercial Paper Activity (Dollar amounts in thousands) Three Months Ended March 31, 2024 2023 Average balance of commercial paper outstanding during period (par value) $ 346,088 $ 293,892 Daily-weighted average interest rate (annualized) 5.68 % 4.95 % Maximum daily amount outstanding during period (par value) $ 384,000 $ 477,700 Commercial paper issued during period (par value) 404,000 545,000 Commercial paper matured during period (par value) (399,000) (525,000) Net commercial paper issued (matured) during period (par value) 5,000 20,000

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Premium Income by Distribution Channel	The following tables present segment premium revenue by each of Globe Life's distribution channels. Premium Income by Distribution Channel Three Months Ended March 31, 2024 Life Health Annuity Total Distribution Channel Amount % of Amount % of Amount % of Amount % of American Income $ 414,044 52 $ 30,497 9 $ — — $ 444,541 39 Direct to Consumer 248,040 31 17,866 5 — — 265,906 23 Liberty National 90,777 11 47,630 14 — — 138,407 12 United American 1,843 — 141,635 42 — — 143,478 13 Family Heritage 1,616 — 103,391 30 — — 105,007 9 Other 47,945 6 — — — — 47,945 4 $ 804,265 100 $ 341,019 100 $ — — $ 1,145,284 100 Three Months Ended March 31, 2023 Life Health Annuity Total Distribution Channel Amount % of Total Amount % of Total Amount % of Total Amount % of Total American Income $ 387,512 50 $ 29,594 9 $ — — $ 417,106 38 Direct to Consumer 247,667 32 17,248 5 — — 264,915 24 Liberty National 85,203 11 46,972 15 — — 132,175 12 United American 1,882 — 132,607 41 — — 134,489 12 Family Heritage 1,480 — 96,072 30 — — 97,552 9 Other 48,853 7 — — — — 48,853 5 $ 772,597 100 $ 322,493 100 $ — — $ 1,095,090 100
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 March 31, 2024 Life Health Annuity Investment Corporate & Other Adjustments Consolidated Revenue: Premium $ 804,265 $ 341,019 $ — $ — $ — $ — $ 1,145,284 Net investment income — — — 282,578 — — 282,578 Other income — — — — 76 — 76 Total revenue 804,265 341,019 — 282,578 76 — 1,427,938 Expenses: Policy benefits 519,871 202,327 6,127 3,468 — — 731,793 Required interest on reserves (199,707) (27,173) (8,445) 235,325 — — — Amortization of acquisition costs 85,768 13,311 399 — — — 99,478 Commissions, premium taxes, and non-deferred acquisition costs 89,322 58,784 4 — — — 148,110 Insurance administrative expense (1) — — — — 80,411 — 80,411 Parent expense — — — — 2,826 710 (2) 3,536 Stock-based compensation expense — — — — 9,267 — 9,267 Interest expense — — — — 28,621 — 28,621 Total expenses 495,254 247,249 (1,915) 238,793 121,125 710 1,101,216 Subtotal 309,011 93,770 1,915 43,785 (121,049) (710) 326,722 Non-operating items — — — — — 710 (2) 710 Measure of segment profitability (pretax) $ 309,011 $ 93,770 $ 1,915 $ 43,785 $ (121,049) $ — 327,432 Realized gains (losses) (11,799) Non-operating expenses (710) Income before income taxes per Condensed Consolidated Statements of Operations $ 314,923 (1) Administrative expense is not allocated to insurance segments. (2) Non-operating expenses. Three Months Ended March 31, 2023 Life Health Annuity Investment Corporate & Other Adjustments Consolidated Revenue: Premium $ 772,597 $ 322,493 $ — $ — $ — $ — $ 1,095,090 Net investment income — — — 257,105 — — 257,105 Other income — — — — 50 — 50 Total revenue 772,597 322,493 — 257,105 50 — 1,352,245 Expenses: Policy obligations 507,977 190,962 7,541 1,447 — — 707,927 Required interest on reserves (189,821) (26,323) (10,259) 226,403 — — — Amortization of acquisition costs 79,589 12,308 425 — — — 92,322 Commissions, premium taxes, and non-deferred acquisition costs 83,578 54,214 5 — — — 137,797 Insurance administrative expense (1) — — — — 73,907 — 73,907 Parent expense — — — — 2,585 2,585 Stock-based compensation expense — — — — 7,679 — 7,679 Interest expense — — — — 24,867 — 24,867 Total expenses 481,323 231,161 (2,288) 227,850 109,038 — 1,047,084 Subtotal 291,274 91,332 2,288 29,255 (108,988) — 305,161 Non-operating items — — — — — — — Measure of segment profitability (pretax) $ 291,274 $ 91,332 $ 2,288 $ 29,255 $ (108,988) $ — 305,161 Realized gains (losses) (30,927) Income before income taxes per Condensed Consolidated Statements of Operations $ 274,234 (1) Administrative expense is not allocated to insurance segments.

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024 segment
Accounting Policies [Abstract]
Number of reportable segments	4

Supplemental Information abou_3

Supplemental Information about Changes to Accumulated Other Comprehensive Income - Schedule of Change in Balance by Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	$ 4,486,803	$ 3,949,577
Other comprehensive income (loss) before reclassifications, net of tax	306,997	(196,489)
Reclassifications, net of tax	(1,814)	25,709
Other comprehensive income (loss)	305,183	(170,780)
Ending balance	5,039,161	3,846,291
Total
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	(2,772,419)	(2,790,313)
Ending balance	(2,467,236)	(2,961,093)
Available for Sale Assets
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	(827,596)	(1,420,672)
Other comprehensive income (loss) before reclassifications, net of tax	(239,684)	378,162
Reclassifications, net of tax	(1,905)	25,746
Other comprehensive income (loss)	(241,589)	403,908
Ending balance	(1,069,185)	(1,016,764)
Future Policy Benefits
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	(1,947,391)	(1,369,204)
Other comprehensive income (loss) before reclassifications, net of tax	556,632	(569,503)
Reclassifications, net of tax	0	0
Other comprehensive income (loss)	556,632	(569,503)
Ending balance	(1,390,759)	(1,938,707)
Foreign Exchange
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	4,719	(1,681)
Other comprehensive income (loss) before reclassifications, net of tax	(9,951)	(5,148)
Reclassifications, net of tax	0	0
Other comprehensive income (loss)	(9,951)	(5,148)
Ending balance	(5,232)	(6,829)
Pension Adjustments
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	(2,151)	1,244
Other comprehensive income (loss) before reclassifications, net of tax	0	0
Reclassifications, net of tax	91	(37)
Other comprehensive income (loss)	91	(37)
Ending balance	$ (2,060)	$ 1,207

Supplemental Information abou_4

Supplemental Information about Changes to Accumulated Other Comprehensive Income - Schedule of Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Unrealized investment (gains) losses on available for sale assets:
Realized (gains) losses	$ 11,799	$ 30,927
Net investment income	(282,578)	(257,105)
Other operating expense	93,214	84,171
Total before tax	(314,923)	(274,234)
Tax	60,706	50,624
Total after-tax	(254,217)	(223,610)
Reclassification out of Accumulated Other Comprehensive Income
Unrealized investment (gains) losses on available for sale assets:
Total after-tax	(1,814)	25,709
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gains (Losses) on Available for Sale Assets
Unrealized investment (gains) losses on available for sale assets:
Realized (gains) losses	(228)	33,124
Net investment income	(2,184)	(534)
Total before tax	(2,412)	32,590
Tax	507	(6,844)
Total after-tax	(1,905)	25,746
Reclassification out of Accumulated Other Comprehensive Income | Pension adjustments:
Unrealized investment (gains) losses on available for sale assets:
Total before tax	118	(48)
Tax	(27)	11
Total after-tax	91	(37)
Reclassification out of Accumulated Other Comprehensive Income | Amortization of prior service cost
Unrealized investment (gains) losses on available for sale assets:
Other operating expense	269	269
Reclassification out of Accumulated Other Comprehensive Income | Amortization of actuarial (gain) loss
Unrealized investment (gains) losses on available for sale assets:
Other operating expense	$ (151)	$ (317)

Investments - Schedule of Fixed

Investments - Schedule of Fixed Maturities Available for Sale by Component (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 19,504,784	$ 18,924,914
Allowance for Credit Losses	(7,027)	(7,115)
Gross Unrealized Gains	344,222	451,764
Gross Unrealized Losses	(1,697,626)	(1,499,357)
Fair value	$ 18,144,353	$ 17,870,206
Percentage of total fixed maturities (as a percent)	100%	100%
U.S. Government direct, guaranteed, and government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 401,859	$ 398,450
Allowance for Credit Losses	0	0
Gross Unrealized Gains	1	7
Gross Unrealized Losses	(39,039)	(32,306)
Fair value	$ 362,821	$ 366,151
Percentage of total fixed maturities (as a percent)	2%	2%
States, municipalities, and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 3,301,276	$ 3,296,305
Allowance for Credit Losses	0	0
Gross Unrealized Gains	38,251	47,346
Gross Unrealized Losses	(454,605)	(403,329)
Fair value	$ 2,884,922	$ 2,940,322
Percentage of total fixed maturities (as a percent)	16%	16%
Foreign governments
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 39,558	$ 44,453
Allowance for Credit Losses	0	0
Gross Unrealized Gains	0	1
Gross Unrealized Losses	(10,227)	(10,348)
Fair value	$ 29,331	$ 34,106
Percentage of total fixed maturities (as a percent)	0%	0%
Corporates
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 15,639,331	$ 15,062,244
Allowance for Credit Losses	(7,027)	(7,115)	$ (32,767)	$ 0
Gross Unrealized Gains	302,967	399,371
Gross Unrealized Losses	(1,190,274)	(1,049,317)
Fair value	$ 14,744,997	$ 14,405,183
Percentage of total fixed maturities (as a percent)	81%	81%
Corporates | Industrials
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 8,297,566	$ 8,016,126
Allowance for Credit Losses	(7,027)	(7,115)
Gross Unrealized Gains	161,482	213,078
Gross Unrealized Losses	(667,927)	(566,847)
Fair value	$ 7,784,094	$ 7,655,242
Percentage of total fixed maturities (as a percent)	43%	43%
Corporates | Financial
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 5,213,973	$ 5,028,151
Allowance for Credit Losses	0	0
Gross Unrealized Gains	89,584	112,368
Gross Unrealized Losses	(416,724)	(388,340)
Fair value	$ 4,886,833	$ 4,752,179
Percentage of total fixed maturities (as a percent)	27%	27%
Corporates | Utilities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 2,127,792	$ 2,017,967
Allowance for Credit Losses	0	0
Gross Unrealized Gains	51,901	73,925
Gross Unrealized Losses	(105,623)	(94,130)
Fair value	$ 2,074,070	$ 1,997,762
Percentage of total fixed maturities (as a percent)	11%	11%
Collateralized debt obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 36,730	$ 37,110
Allowance for Credit Losses	0	0
Gross Unrealized Gains	3,001	5,036
Gross Unrealized Losses	0	0
Fair value	$ 39,731	$ 42,146
Percentage of total fixed maturities (as a percent)	0%	0%
Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 86,030	$ 86,352
Allowance for Credit Losses	0	0
Gross Unrealized Gains	2	3
Gross Unrealized Losses	(3,481)	(4,057)
Fair value	$ 82,551	$ 82,298
Percentage of total fixed maturities (as a percent)	1%	1%

Investments - Additional Inform

Investments - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) loan commercial_mortgage_loan issuer Issue	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) Issue commercial_mortgage_loan issuer	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Fair value	$ 18,144,353		$ 17,870,206
Percentage of fixed maturities at fair value	100%		100%
Fixed maturity, portfolio issues | Issue	2,551		2,473
Fixed portfolio, number of issuers | issuer	991		980
Number of loans | loan	32
Increase in allowance for credit losses	$ 874
Allowance for credit losses	4,546	$ 3,069	$ 3,672	$ 1,789
Realized gains (losses)	$ (11,799)	$ (30,927)
Number of loans in non-accrual status | commercial_mortgage_loan	0		0
Mortgage loans	$ 329,033		$ 279,199
Investment funds, unfunded commitments	686,000
Unfunded Loan Commitment
Debt Securities, Available-for-sale [Line Items]
Mortgage loans	$ 29,000
Commercial Portfolio Segment
Debt Securities, Available-for-sale [Line Items]
Financing receivable, number of loans in delinquent | loan	1
Delinquent loans, outstanding par value (in dollars per share)	$ 3,700
Delinquent loans, outstanding interest	116
Outstanding principal on nonaccrual loan	4,400
Corporates
Debt Securities, Available-for-sale [Line Items]
Fair value	$ 14,744,997		$ 14,405,183
Percentage of fixed maturities at fair value	81%		81%
Investment in Limited Partnerships
Debt Securities, Available-for-sale [Line Items]
Capital called from investment funds	$ 67,000
Investment funds, unfunded commitments	685,919
Real Estate Investment Trust | Fixed maturities available for sale | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair value	$ 415,000		$ 425,000
Percentage of fixed maturities at fair value	2%		2%

Investments - Schedule of Fix_2

Investments - Schedule of Fixed Maturities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost, net
Due in one year or less	$ 86,769
Due after one year through five years	857,913
Due after five years through ten years	2,034,083
Due after ten years through twenty years	8,712,181
Due after twenty years	7,684,013
Mortgage-backed and asset-backed securities	122,798
Fixed maturities, net of allowance for credit losses	19,497,757
Fair Value
Due in one year or less	86,518
Due after one year through five years	862,187
Due after five years through ten years	2,040,670
Due after ten years through twenty years	8,331,022
Due after twenty years	6,701,637
Mortgage-backed and asset-backed securities	122,319
Fixed maturities, fair value	$ 18,144,353	$ 17,870,206

Investments - Schedule of Analy

Investments - Schedule of Analysis of Investment Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net Investment Income [Line Items]
Investment income, gross	$ 287,025	$ 261,392
Percentage change in investment income, gross	10%
Less investment expense	$ (4,447)	(4,287)
Percentage change in investment expense	4%
Net investment income	$ 282,578	257,105
Percentage change in net investment income	10%
Fixed maturities available for sale
Net Investment Income [Line Items]
Investment income, gross	$ 246,098	232,299
Percentage change in investment income, gross	6%
Policy loans
Net Investment Income [Line Items]
Investment income, gross	$ 12,816	11,755
Percentage change in investment income, gross	9%
Mortgage loans
Net Investment Income [Line Items]
Investment income, gross	$ 6,760	4,003
Percentage change in investment income, gross	69%
Other long-term investments
Net Investment Income [Line Items]
Investment income, gross	$ 19,663	11,740
Percentage change in investment income, gross	67%
Short-term investments
Net Investment Income [Line Items]
Investment income, gross	$ 1,688	1,595
Percentage change in investment income, gross
Fair value option
Net Investment Income [Line Items]
Net investment income	$ 18,900	$ 11,300

Investments - Schedule of Selec

Investments - Schedule of Selected Information about Sales of Fixed Maturities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale	$ 27,853	$ 15,705
Gross realized gains	175	0
Gross realized losses	$ (35)	$ (358)

Investments - Schedule of Reali

Investments - Schedule of Realized Gain (Loss) on Investments (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Sales and other	$ 140,000	$ (357,000)
Provision for credit losses	88,000	(32,767,000)
Fair value option—change in fair value	(15,403,000)	1,858,000
Mortgage loans	(874,000)	(1,280,000)
Other investments	314,000	(214,000)
Realized gains (losses) from investments	(15,735,000)	(32,760,000)
Other gains (losses)	3,936,000	1,833,000
Total realized gains (losses)	(11,799,000)	(30,927,000)
Applicable tax	2,478,000	6,495,000
Realized gains (losses), net of tax	(9,321,000)	(24,432,000)
Exchanges of fixed maturities	66,900,000	0
Exchanges of fixed maturities, net realized gains	$ 0	$ 0

Investments - Schedule of Asset

Investments - Schedule of Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 18,144,353	$ 17,870,206
Percentage of total	100%	100%
U.S. Government direct, guaranteed, and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 362,821	$ 366,151
States, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	2,884,922	2,940,322
Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	29,331	34,106
Corporates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	14,744,997	14,405,183
Corporates | Industrials
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	7,784,094	7,655,242
Corporates | Financial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	4,886,833	4,752,179
Corporates | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	2,074,070	1,997,762
Collateralized debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	39,731	42,146
Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	82,551	82,298
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 0	$ 0
Percentage of total	0%	0%
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Government direct, guaranteed, and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 0	$ 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | States, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates | Industrials
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates | Financial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 17,667,058	$ 17,373,327
Percentage of total	97%	97%
Significant Other Observable Inputs (Level 2) | U.S. Government direct, guaranteed, and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 362,821	$ 366,151
Significant Other Observable Inputs (Level 2) | States, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	2,884,922	2,940,322
Significant Other Observable Inputs (Level 2) | Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	29,331	34,106
Significant Other Observable Inputs (Level 2) | Corporates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	14,307,433	13,950,450
Significant Other Observable Inputs (Level 2) | Corporates | Industrials
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	7,584,006	7,440,493
Significant Other Observable Inputs (Level 2) | Corporates | Financial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	4,756,052	4,621,160
Significant Other Observable Inputs (Level 2) | Corporates | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	1,967,375	1,888,797
Significant Other Observable Inputs (Level 2) | Collateralized debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Significant Other Observable Inputs (Level 2) | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	82,551	82,298
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 477,295	$ 496,879
Percentage of total	3%	3%	3%
Significant Unobservable Inputs (Level 3) | U.S. Government direct, guaranteed, and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 0	$ 0
Significant Unobservable Inputs (Level 3) | States, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Significant Unobservable Inputs (Level 3) | Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Significant Unobservable Inputs (Level 3) | Corporates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 437,564	454,733
Percentage of total	3%		3%
Significant Unobservable Inputs (Level 3) | Corporates | Industrials
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 200,088	214,749
Significant Unobservable Inputs (Level 3) | Corporates | Financial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	130,781	131,019
Significant Unobservable Inputs (Level 3) | Corporates | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	106,695	108,965
Significant Unobservable Inputs (Level 3) | Collateralized debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 39,731	42,146
Percentage of total	0%		0%
Significant Unobservable Inputs (Level 3) | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 0	$ 0

Investments - Schedule of Chang

Investments - Schedule of Changes in Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Percent of total fixed maturities	100%		100%
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Realized gains (losses)	Realized gains (losses)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent
Significant Unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Beginning Balance	$ 496,879	$ 528,447
Included in realized gains / losses	0	0
Included in other comprehensive income	(8,031)	828
Acquisitions	7,800	0
Sales	0	0
Amortization	1,137	1,143
Other	(20,490)	(13,277)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	$ 477,295	$ 517,141
Percent of total fixed maturities	3%	3%	3%
Significant Unobservable Inputs (Level 3) | Asset- backed Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Beginning Balance	$ 0	$ 0
Included in realized gains / losses	0	0
Included in other comprehensive income	0	0
Acquisitions	0	0
Sales	0	0
Amortization	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	$ 0	$ 0
Percent of total fixed maturities	0%	0%
Significant Unobservable Inputs (Level 3) | Collateralized debt obligations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Beginning Balance	$ 42,146	$ 50,364
Included in realized gains / losses	0	0
Included in other comprehensive income	(2,035)	(4,542)
Acquisitions	0	0
Sales	0	0
Amortization	1,141	1,141
Other	(1,521)	(1,461)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	$ 39,731	$ 45,502
Percent of total fixed maturities	0%	0%
Significant Unobservable Inputs (Level 3) | Corporates
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Beginning Balance	$ 454,733	$ 478,083
Included in realized gains / losses	0	0
Included in other comprehensive income	(5,996)	5,370
Acquisitions	7,800	0
Sales	0	0
Amortization	(4)	2
Other	(18,969)	(11,816)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	$ 437,564	$ 471,639
Percent of total fixed maturities	3%	3%

Investments - Schedule of Unrea

Investments - Schedule of Unrealized Gains or (Losses) Included in Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in unrealized gains (losses) for the period	$ (8,031)	$ 828
Asset- backed Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in unrealized gains (losses) for the period	0	0
Collateralized debt obligations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in unrealized gains (losses) for the period	(2,035)	(4,542)
Corporates
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in unrealized gains (losses) for the period	$ (5,996)	$ 5,370

Investments - Schedule of Infor

Investments - Schedule of Information about Investments in Unrealized Loss Position (Details) - Issue	Mar. 31, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Less than Twelve Months	350	151
Twelve Months or Longer	1,654	1,614
Total	2,004	1,765

Investments - Schedule of Unr_2

Investments - Schedule of Unrealized Investment Losses by Class of Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	$ 1,838,086	$ 803,974
Unrealized Loss, Less than Twelve Months	(41,591)	(17,434)
Fair Value, Twelve Months or Longer	9,774,673	9,750,839
Unrealized Loss, Twelve Months or Longer	(1,656,035)	(1,481,923)
Fair Value	11,612,759	10,554,813
Unrealized Loss	(1,697,626)	(1,499,357)
Investment Grade
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	1,820,480	767,666
Unrealized Loss, Less than Twelve Months	(40,161)	(14,633)
Fair Value, Twelve Months or Longer	9,430,577	9,423,010
Unrealized Loss, Twelve Months or Longer	(1,582,815)	(1,407,709)
Fair Value	11,251,057	10,190,676
Unrealized Loss	(1,622,976)	(1,422,342)
Investment Grade | U.S. Government direct, guaranteed, and government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	2,033	0
Unrealized Loss, Less than Twelve Months	(66)	0
Fair Value, Twelve Months or Longer	360,438	364,006
Unrealized Loss, Twelve Months or Longer	(38,973)	(32,306)
Fair Value	362,471	364,006
Unrealized Loss	(39,039)	(32,306)
Investment Grade | States, municipalities, and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	479,111	252,800
Unrealized Loss, Less than Twelve Months	(7,440)	(3,520)
Fair Value, Twelve Months or Longer	1,648,303	1,610,163
Unrealized Loss, Twelve Months or Longer	(447,165)	(399,809)
Fair Value	2,127,414	1,862,963
Unrealized Loss	(454,605)	(403,329)
Investment Grade | Foreign governments
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	1,469	0
Unrealized Loss, Less than Twelve Months	(5)	0
Fair Value, Twelve Months or Longer	27,862	32,591
Unrealized Loss, Twelve Months or Longer	(10,222)	(10,348)
Fair Value	29,331	32,591
Unrealized Loss	(10,227)	(10,348)
Investment Grade | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	1,337,867	514,866
Unrealized Loss, Less than Twelve Months	(32,650)	(11,113)
Fair Value, Twelve Months or Longer	7,322,550	7,345,294
Unrealized Loss, Twelve Months or Longer	(1,083,475)	(961,598)
Fair Value	8,660,417	7,860,160
Unrealized Loss	(1,116,125)	(972,711)
Investment Grade | Corporates | Industrials
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	692,151	191,573
Unrealized Loss, Less than Twelve Months	(25,399)	(3,881)
Fair Value, Twelve Months or Longer	4,221,438	4,317,827
Unrealized Loss, Twelve Months or Longer	(613,109)	(530,011)
Fair Value	4,913,589	4,509,400
Unrealized Loss	(638,508)	(533,892)
Investment Grade | Corporates | Financial
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	361,061	242,099
Unrealized Loss, Less than Twelve Months	(3,813)	(6,584)
Fair Value, Twelve Months or Longer	2,419,494	2,341,424
Unrealized Loss, Twelve Months or Longer	(369,671)	(339,628)
Fair Value	2,780,555	2,583,523
Unrealized Loss	(373,484)	(346,212)
Investment Grade | Corporates | Utilities
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	284,655	81,194
Unrealized Loss, Less than Twelve Months	(3,438)	(648)
Fair Value, Twelve Months or Longer	681,618	686,043
Unrealized Loss, Twelve Months or Longer	(100,695)	(91,959)
Fair Value	966,273	767,237
Unrealized Loss	(104,133)	(92,607)
Investment Grade | Collateralized debt obligations
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	0
Unrealized Loss, Less than Twelve Months	0	0
Fair Value, Twelve Months or Longer	0	0
Unrealized Loss, Twelve Months or Longer	0	0
Fair Value	0	0
Unrealized Loss	0	0
Investment Grade | Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	0
Unrealized Loss, Less than Twelve Months	0	0
Fair Value, Twelve Months or Longer	71,424	70,956
Unrealized Loss, Twelve Months or Longer	(2,980)	(3,648)
Fair Value	71,424	70,956
Unrealized Loss	(2,980)	(3,648)
Below Investment Grade
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	17,606	36,308
Unrealized Loss, Less than Twelve Months	(1,430)	(2,801)
Fair Value, Twelve Months or Longer	344,096	327,829
Unrealized Loss, Twelve Months or Longer	(73,220)	(74,214)
Fair Value	361,702	364,137
Unrealized Loss	(74,650)	(77,015)
Below Investment Grade | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	17,606	36,308
Unrealized Loss, Less than Twelve Months	(1,430)	(2,801)
Fair Value, Twelve Months or Longer	333,017	316,541
Unrealized Loss, Twelve Months or Longer	(72,719)	(73,805)
Fair Value	350,623	352,849
Unrealized Loss	(74,149)	(76,606)
Below Investment Grade | Corporates | Industrials
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	10,745
Unrealized Loss, Less than Twelve Months	0	(199)
Fair Value, Twelve Months or Longer	146,466	145,697
Unrealized Loss, Twelve Months or Longer	(29,419)	(32,756)
Fair Value	146,466	156,442
Unrealized Loss	(29,419)	(32,955)
Below Investment Grade | Corporates | Financial
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	8,704	25,563
Unrealized Loss, Less than Twelve Months	(1,403)	(2,602)
Fair Value, Twelve Months or Longer	166,838	151,190
Unrealized Loss, Twelve Months or Longer	(41,837)	(39,526)
Fair Value	175,542	176,753
Unrealized Loss	(43,240)	(42,128)
Below Investment Grade | Corporates | Utilities
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	8,902	0
Unrealized Loss, Less than Twelve Months	(27)	0
Fair Value, Twelve Months or Longer	19,713	19,654
Unrealized Loss, Twelve Months or Longer	(1,463)	(1,523)
Fair Value	28,615	19,654
Unrealized Loss	(1,490)	(1,523)
Below Investment Grade | Collateralized debt obligations
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	0
Unrealized Loss, Less than Twelve Months	0	0
Fair Value, Twelve Months or Longer	0	0
Unrealized Loss, Twelve Months or Longer	0	0
Fair Value	0	0
Unrealized Loss	0	0
Below Investment Grade | Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	0
Unrealized Loss, Less than Twelve Months	0	0
Fair Value, Twelve Months or Longer	11,079	11,288
Unrealized Loss, Twelve Months or Longer	(501)	(409)
Fair Value	11,079	11,288
Unrealized Loss	$ (501)	$ (409)

Investments - Schedule of Fix_3

Investments - Schedule of Fixed Maturities, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses beginning balance	$ 7,115
Allowance for credit losses ending balance	7,027
Corporates
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses beginning balance	7,115	$ 0
Additions to allowance for which credit losses were not previously recorded	0	32,767
Additions (reductions) to allowance for fixed maturities that previously had an allowance	(88)	0
Reduction of allowance for which the Company intends to sell or more likely than not will be required to sell or sold during the period	0	0
Allowance for credit losses ending balance	$ 7,027	$ 32,767

Investments - Schedule of Comme

Investments - Schedule of Commercial Mortgage Loan Participations (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 333,579	$ 282,871
Carrying value, gross, percent	101%	101%
Less allowance for credit losses	$ (4,546)	$ (3,672)	$ (3,069)	$ (1,789)
Allowance for credit losses, percent	(1.00%)	(1.00%)
Carrying value, net of valuation allowance	$ 329,033	$ 279,199
Carrying value, net, percent	100%	100%
Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 60,587	$ 48,233
Carrying value, gross, percent	18%	17%
California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 57,093	$ 54,721
Carrying value, gross, percent	17%	20%
Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 53,399	$ 45,111
Carrying value, gross, percent	16%	16%
New Jersey
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 44,592	$ 44,574
Carrying value, gross, percent	14%	16%
New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 35,142	$ 20,284
Carrying value, gross, percent	11%	7%
Washington
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 14,978	$ 14,969
Carrying value, gross, percent	4%	5%
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 67,788	$ 54,979
Carrying value, gross, percent	21%	20%
Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 117,147	$ 116,299
Carrying value, gross, percent	36%	42%
Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 81,975	$ 57,267
Carrying value, gross, percent	25%	20%
Hospitality
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 43,634	$ 43,897
Carrying value, gross, percent	13%	16%
Mixed use
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 37,267	$ 34,749
Carrying value, gross, percent	11%	12%
Retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 46,822	$ 23,925
Carrying value, gross, percent	14%	9%
Office
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 6,734	$ 6,734
Carrying value, gross, percent	2%	2%

Investments - Schedule of Com_2

Investments - Schedule of Commercial Mortgage Loan Participations Recorded Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	$ 329,033	$ 279,199
Carrying value	333,579	282,871
Less allowance for credit losses	$ (4,546)	$ (3,672)	$ (3,069)	$ (1,789)
Carrying value, net of valuation allowance, percent	100%	100%
Less than 70%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 316,923	$ 266,216
Carrying value, net of valuation allowance, percent	95%	94%
70% to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 0	$ 0
Carrying value, net of valuation allowance, percent	0%	0%
81% to 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 9,621	$ 9,621
Carrying value, net of valuation allowance, percent	3%	3%
Greater than 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 7,035	$ 7,034
Carrying value, net of valuation allowance, percent	2%	3%
Less Than 1.00x
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	$ 52,148	$ 42,593
Less Than 1.00x | Less than 70%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	35,492	27,091
Less Than 1.00x | 70% to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	0	0
Less Than 1.00x | 81% to 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	9,621	8,468
Less Than 1.00x | Greater than 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	7,035	7,034
1.00x-1.20x
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	155,974	180,761
1.00x-1.20x | Less than 70%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	155,974	180,761
1.00x-1.20x | 70% to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	0	0
1.00x-1.20x | 81% to 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	0	0
1.00x-1.20x | Greater than 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	0	0
Greater Than 1.20x
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	125,457	59,517
Greater Than 1.20x | Less than 70%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	125,457	58,364
Greater Than 1.20x | 70% to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	0	0
Greater Than 1.20x | 81% to 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	0	1,153
Greater Than 1.20x | Greater than 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	$ 0	$ 0

Investments - Schedule of Com_3

Investments - Schedule of Commercial Loan Participations, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses beginning balance	$ 3,672	$ 1,789
Provision (reversal) for credit losses	874	1,280
Allowance for credit losses ending balance	$ 4,546	$ 3,069

Investments - Schedule of Other

Investments - Schedule of Other Long-Term Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Long-Term Investment [Line Items]
Commercial mortgage loan participations	$ 899,085	$ 835,878
Other
Long-Term Investment [Line Items]
Commercial mortgage loan participations	54,169	40,295
Investment funds
Long-Term Investment [Line Items]
Commercial mortgage loan participations	$ 844,916	$ 795,583

Investments - Schedule of Inves

Investments - Schedule of Investment Funds (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Alternative Investment [Line Items]
Investment funds, Unfunded Commitments	$ 686,000
Minimum
Alternative Investment [Line Items]
Expected life of non-redeemable funds	7 years
Extension options term of non-redeemable funds	1 year
Expected life of redeemable funds	6 months
Maximum
Alternative Investment [Line Items]
Expected life of non-redeemable funds	12 years
Extension options term of non-redeemable funds	4 years
Expected life of redeemable funds	36 months
Commercial mortgage loans
Alternative Investment [Line Items]
Investment funds, Fair Value	$ 459,549	$ 411,315
Investment funds, Unfunded Commitments	489,617
Opportunistic and private credit
Alternative Investment [Line Items]
Investment funds, Fair Value	180,019	181,410
Investment funds, Unfunded Commitments	125,844
Infrastructure
Alternative Investment [Line Items]
Investment funds, Fair Value	165,441	165,887
Investment funds, Unfunded Commitments	16,706
Other investments
Alternative Investment [Line Items]
Investment funds, Fair Value	39,907	36,971
Investment funds, Unfunded Commitments	53,752
Investment funds
Alternative Investment [Line Items]
Investment funds, Fair Value	844,916	$ 795,583
Investment funds, Unfunded Commitments	$ 685,919

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Thousands	Apr. 30, 2024 defendant	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)
Obligation with Joint and Several Liability Arrangement [Line Items]
Letters of credit facility outstanding		$ 115,000	$ 115,000	$ 115,000
Subsequent Event
Obligation with Joint and Several Liability Arrangement [Line Items]
Number of defendants | defendant	6
Letter of Credit
Obligation with Joint and Several Liability Arrangement [Line Items]
Letter of credit maximum available amount		$ 250,000

Policy Liabilities - Schedule o

Policy Liabilities - Schedule of Liability for Future Policy Benefit, Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Net liability for future policy benefits—long duration health	$ 18,882,023	$ 18,956,498	$ 19,460,353
Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	12,342,307	11,748,528
Beginning balance	11,709,368	11,442,919
Effect of changes in assumptions on future cash flows			0	$ 0
Effect of actual variances from expected experience			(96,776)	(85,445)
Adjusted balance			11,612,592	11,357,474
Issuances	393,173	398,890
Interest accrual	146,846	137,847
Net premiums collected	(333,619)	(325,903)
Effect of changes in the foreign exchange rate	(8,927)	(3,999)
Ending balance	11,810,065	11,564,309
Effect of change from original to current discount rates	354,243	625,017
Ending balance	12,164,308	12,189,326
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	27,723,158	25,749,961
Beginning balance	24,563,696	23,564,337
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(101,981)	(90,423)
Adjusted balance			24,461,715	23,473,914
Issuances	393,173	398,890
Interest accrual	334,816	315,731
Benefit payments	(356,105)	(329,357)
Effect of changes in the foreign exchange rate	(20,637)	(9,711)
Ending balance	24,812,962	23,849,467
Effect of changes in discount rate assumptions	2,248,980	3,138,215
Ending balance	27,061,942	26,987,682
Net liability for future policy benefits at original discount rates	13,002,897	12,285,158
Effect of changes in discount rate assumptions	1,894,737	2,513,198
Other Adjustments	9,339	12,730
Net liability for future policy benefits—long duration health	14,906,973	14,811,086
Reinsurance recoverable	(44,521)	(44,509)
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates	14,862,452	14,766,577
Health
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	6,089,728	5,207,422
Beginning balance	6,069,295	5,366,304
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(74,899)	(73,669)
Adjusted balance			5,994,396	5,292,635
Issuances	196,727	169,533
Interest accrual	67,803	55,769
Net premiums collected	(137,946)	(130,381)
Effect of changes in the foreign exchange rate	(862)	(388)
Ending balance	6,120,118	5,387,168
Effect of change from original to current discount rates	(109,582)	(12,675)
Ending balance	6,010,536	5,374,493
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	8,441,002	7,394,349
Beginning balance	8,484,970	7,710,767
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(78,518)	(71,097)
Adjusted balance			8,406,452	7,639,670
Issuances	196,335	169,355
Interest accrual	95,245	82,334
Benefit payments	(148,484)	(142,291)
Effect of changes in the foreign exchange rate	(1,548)	(708)
Ending balance	8,548,000	7,748,360
Effect of changes in discount rate assumptions	(249,298)	(77,607)
Ending balance	8,298,702	7,670,753
Net liability for future policy benefits at original discount rates	2,427,882	2,361,192
Effect of changes in discount rate assumptions	(139,716)	(64,932)
Other Adjustments	33,734	16,141
Net liability for future policy benefits—long duration health	2,321,900	2,312,401
Reinsurance recoverable	(14,897)	(14,889)
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates	2,307,003	2,297,512
American Income | Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	4,681,888	4,273,156
Beginning balance	4,523,329	4,246,723
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(48,248)	(29,981)
Adjusted balance			4,475,081	4,216,742
Issuances	211,847	192,555
Interest accrual	53,823	47,898
Net premiums collected	(135,686)	(127,239)
Effect of changes in the foreign exchange rate	(8,927)	(3,999)
Ending balance	4,596,138	4,325,957
Effect of change from original to current discount rates	56,533	141,680
Ending balance	4,652,671	4,467,637
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	10,163,627	9,119,104
Beginning balance	9,061,833	8,409,761
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(52,221)	(31,526)
Adjusted balance			9,009,612	8,378,235
Issuances	211,847	192,555
Interest accrual	120,201	109,329
Benefit payments	(104,758)	(96,674)
Effect of changes in the foreign exchange rate	(20,637)	(9,711)
Ending balance	9,216,265	8,573,734
Effect of changes in discount rate assumptions	741,828	1,063,729
Ending balance	9,958,093	9,637,463
Net liability for future policy benefits at original discount rates	4,620,127	4,247,777
Effect of changes in discount rate assumptions	685,295	922,049
Other Adjustments	287	95
Net liability for future policy benefits—long duration health	5,305,709	5,169,921
Reinsurance recoverable	(170)	(141)
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates	5,305,539	5,169,780
American Income | Health
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	206,381	190,296
Beginning balance	201,869	192,631
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(3,550)	(1,621)
Adjusted balance			198,319	191,010
Issuances	9,949	10,212
Interest accrual	2,283	2,036
Net premiums collected	(5,839)	(5,424)
Effect of changes in the foreign exchange rate	(862)	(388)
Ending balance	203,850	197,446
Effect of change from original to current discount rates	(55)	3,220
Ending balance	203,795	200,666
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	335,504	312,750
Beginning balance	315,431	303,713
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(4,002)	(1,578)
Adjusted balance			311,429	302,135
Issuances	9,949	10,212
Interest accrual	3,937	3,668
Benefit payments	(6,402)	(7,137)
Effect of changes in the foreign exchange rate	(1,548)	(708)
Ending balance	317,365	308,170
Effect of changes in discount rate assumptions	11,418	18,363
Ending balance	328,783	326,533
Net liability for future policy benefits at original discount rates	113,515	110,724
Effect of changes in discount rate assumptions	11,473	15,143
Other Adjustments	749	333
Net liability for future policy benefits—long duration health	125,737	126,200
Reinsurance recoverable	0	0
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates	125,737	126,200
Direct to Consumer | Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	6,052,651	5,910,224
Beginning balance	5,664,259	5,680,864
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(36,229)	(47,988)
Adjusted balance			5,628,030	5,632,876
Issuances	149,231	168,952
Interest accrual	73,420	70,991
Net premiums collected	(152,631)	(153,919)
Effect of changes in the foreign exchange rate	0	0
Ending balance	5,698,050	5,718,900
Effect of change from original to current discount rates	247,209	391,650
Ending balance	5,945,259	6,110,550
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	9,714,516	9,225,451
Beginning balance	8,656,752	8,477,892
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(36,444)	(48,947)
Adjusted balance			8,620,308	8,428,945
Issuances	149,231	168,952
Interest accrual	117,925	112,768
Benefit payments	(159,061)	(147,061)
Effect of changes in the foreign exchange rate	0	0
Ending balance	8,728,403	8,563,604
Effect of changes in discount rate assumptions	771,812	1,061,076
Ending balance	9,500,215	9,624,680
Net liability for future policy benefits at original discount rates	3,030,353	2,844,704
Effect of changes in discount rate assumptions	524,603	669,426
Other Adjustments	3,549	4,546
Net liability for future policy benefits—long duration health	3,558,505	3,518,676
Reinsurance recoverable	0	0
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates	3,558,505	3,518,676
Direct to Consumer | Health
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	115,363	90,143
Beginning balance	109,880	87,751
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(2,316)	(2,573)
Adjusted balance			107,564	85,178
Issuances	4,609	2,392
Interest accrual	1,368	1,057
Net premiums collected	(2,678)	(2,661)
Effect of changes in the foreign exchange rate	0	0
Ending balance	110,863	85,966
Effect of change from original to current discount rates	3,016	4,277
Ending balance	113,879	90,243
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	109,482	87,532
Beginning balance	104,501	85,212
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(2,321)	(2,302)
Adjusted balance			102,180	82,910
Issuances	4,598	2,388
Interest accrual	1,368	1,057
Benefit payments	(3,096)	(3,354)
Effect of changes in the foreign exchange rate	0	0
Ending balance	105,050	83,001
Effect of changes in discount rate assumptions	2,725	4,089
Ending balance	107,775	87,090
Net liability for future policy benefits at original discount rates	(5,813)	(2,965)
Effect of changes in discount rate assumptions	(291)	(188)
Other Adjustments	6,838	4,162
Net liability for future policy benefits—long duration health	734	1,009
Reinsurance recoverable	0	0
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates	734	1,009
Liberty National | Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	1,129,716	1,094,407
Beginning balance	1,077,831	1,066,123
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(10,448)	(5,590)
Adjusted balance			1,067,383	1,060,533
Issuances	26,164	30,142
Interest accrual	13,839	13,288
Net premiums collected	(33,901)	(33,188)
Effect of changes in the foreign exchange rate	0	0
Ending balance	1,073,485	1,070,775
Effect of change from original to current discount rates	28,724	57,308
Ending balance	1,102,209	1,128,083
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	3,605,392	3,429,256
Beginning balance	3,338,252	3,272,980
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(10,449)	(7,054)
Adjusted balance			3,327,803	3,265,926
Issuances	26,164	30,142
Interest accrual	44,554	43,256
Benefit payments	(58,109)	(54,730)
Effect of changes in the foreign exchange rate	0	0
Ending balance	3,340,412	3,284,594
Effect of changes in discount rate assumptions	159,330	274,418
Ending balance	3,499,742	3,559,012
Net liability for future policy benefits at original discount rates	2,266,927	2,213,819
Effect of changes in discount rate assumptions	130,606	217,110
Other Adjustments	5,418	8,017
Net liability for future policy benefits—long duration health	2,402,951	2,438,946
Reinsurance recoverable	(7,787)	(7,531)
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates	2,395,164	2,431,415
Liberty National | Health
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	358,472	423,490
Beginning balance	348,570	415,442
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(11,410)	(16,585)
Adjusted balance			337,160	398,857
Issuances	13,558	13,303
Interest accrual	4,227	4,890
Net premiums collected	(12,780)	(12,403)
Effect of changes in the foreign exchange rate	0	0
Ending balance	342,165	404,647
Effect of change from original to current discount rates	3,276	16,800
Ending balance	345,441	421,447
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	865,808	941,574
Beginning balance	816,819	904,865
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(12,821)	(15,995)
Adjusted balance			803,998	888,870
Issuances	13,349	13,285
Interest accrual	10,833	11,840
Benefit payments	(23,864)	(23,976)
Effect of changes in the foreign exchange rate	0	0
Ending balance	804,316	890,019
Effect of changes in discount rate assumptions	29,690	59,977
Ending balance	834,006	949,996
Net liability for future policy benefits at original discount rates	462,151	485,372
Effect of changes in discount rate assumptions	26,414	43,177
Other Adjustments	11,254	5,776
Net liability for future policy benefits—long duration health	499,819	534,325
Reinsurance recoverable	(1,224)	(1,428)
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates	498,595	532,897
Other premium | Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	478,052	470,741
Beginning balance	443,949	449,209
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(1,851)	(1,886)
Adjusted balance			442,098	447,323
Issuances	5,931	7,241
Interest accrual	5,764	5,670
Net premiums collected	(11,401)	(11,557)
Effect of changes in the foreign exchange rate	0	0
Ending balance	442,392	448,677
Effect of change from original to current discount rates	21,777	34,379
Ending balance	464,169	483,056
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	4,239,623	3,976,150
Beginning balance	3,506,859	3,403,704
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(2,867)	(2,896)
Adjusted balance			3,503,992	3,400,808
Issuances	5,931	7,241
Interest accrual	52,136	50,378
Benefit payments	(34,177)	(30,892)
Effect of changes in the foreign exchange rate	0	0
Ending balance	3,527,882	3,427,535
Effect of changes in discount rate assumptions	576,010	738,992
Ending balance	4,103,892	4,166,527
Net liability for future policy benefits at original discount rates	3,085,490	2,978,858
Effect of changes in discount rate assumptions	554,233	704,613
Other Adjustments	85	72
Net liability for future policy benefits—long duration health	3,639,808	3,683,543
Reinsurance recoverable	(36,564)	(36,837)
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates	3,603,244	3,646,706
United American | Health
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	3,697,771	2,908,501
Beginning balance	3,625,803	2,941,261
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(40,531)	(34,132)
Adjusted balance			3,585,272	2,907,129
Issuances	104,603	75,839
Interest accrual	41,822	31,587
Net premiums collected	(70,249)	(65,914)
Effect of changes in the foreign exchange rate	0	0
Ending balance	3,661,448	2,948,641
Effect of change from original to current discount rates	(8,053)	49,082
Ending balance	3,653,395	2,997,723
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	3,814,328	3,046,829
Beginning balance	3,741,530	3,080,633
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(40,325)	(31,443)
Adjusted balance			3,701,205	3,049,190
Issuances	104,431	75,683
Interest accrual	43,444	33,480
Benefit payments	(82,085)	(78,563)
Effect of changes in the foreign exchange rate	0	0
Ending balance	3,766,995	3,079,790
Effect of changes in discount rate assumptions	(10,461)	52,672
Ending balance	3,756,534	3,132,462
Net liability for future policy benefits at original discount rates	105,547	131,149
Effect of changes in discount rate assumptions	(2,408)	3,590
Other Adjustments	14,449	5,380
Net liability for future policy benefits—long duration health	117,588	140,119
Reinsurance recoverable	(3,096)	(3,609)
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates	114,492	136,510
Family Heritage | Health
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	1,711,741	1,594,992
Beginning balance	1,783,173	1,729,219
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(17,092)	(18,758)
Adjusted balance			1,766,081	1,710,461
Issuances	64,008	67,787
Interest accrual	18,103	16,199
Net premiums collected	(46,400)	(43,979)
Effect of changes in the foreign exchange rate	0	0
Ending balance	1,801,792	1,750,468
Effect of change from original to current discount rates	(107,766)	(86,054)
Ending balance	1,694,026	1,664,414
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	3,315,880	3,005,664
Beginning balance	3,506,689	3,336,344
Effect of changes in assumptions on future cash flows			0	0
Effect of actual variances from expected experience			(19,049)	(19,779)
Adjusted balance			$ 3,487,640	$ 3,316,565
Issuances	64,008	67,787
Interest accrual	35,663	32,289
Benefit payments	(33,037)	(29,261)
Effect of changes in the foreign exchange rate	0	0
Ending balance	3,554,274	3,387,380
Effect of changes in discount rate assumptions	(282,670)	(212,708)
Ending balance	3,271,604	3,174,672
Net liability for future policy benefits at original discount rates	1,752,482	1,636,912
Effect of changes in discount rate assumptions	(174,904)	(126,654)
Other Adjustments	444	490
Net liability for future policy benefits—long duration health	1,578,022	1,510,748
Reinsurance recoverable	(10,577)	(9,852)
Net liability for future policy benefits, after reinsurance recoverable, at current discount rates	$ 1,567,445	$ 1,500,896

Policy Liabilities - Additional

Policy Liabilities - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Activity [Line Items]
Change in expected experience, remeasurement gain (loss)	$ (8,100)	$ (659)
Reclassification, Other
Liability for Future Policy Benefit, Activity [Line Items]
Reinsurance recoverables			$ 60,000
Reinsurance recoverable at original discount rates			49,000
Life
Liability for Future Policy Benefit, Activity [Line Items]
Change in expected experience, remeasurement gain (loss)	(4,900)	(2,700)
PV of expected future gross premiums	28,545,056	28,144,330
PV of expected future net premiums	12,164,308	12,189,326	12,342,307	$ 11,748,528
Reinsurance recoverable at original discount rates	44,521	44,509
Health
Liability for Future Policy Benefit, Activity [Line Items]
Change in expected experience, remeasurement gain (loss)	(3,200)	2,000
PV of expected future gross premiums	11,682,884	10,652,514
PV of expected future net premiums	6,010,536	5,374,493	$ 6,089,728	$ 5,207,422
Expected future premiums at current discount rates		10,600,000
Reinsurance recoverable at original discount rates	$ 14,897	$ 14,889

Policy Liabilities - Schedule_2

Policy Liabilities - Schedule of Liability For Future Policy Benefits To Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
At Original Discount Rates
Deferred profit liability	$ 174,605		$ 177,248
Deferred annuity	739,019		907,797
Interest sensitive life	729,721		737,900
Other	9,810		10,067
Total future policy benefits	17,110,880		16,491,765
At Current Discount Rates
Deferred profit liability	174,605		177,248
Deferred annuity	739,019		907,797
Interest sensitive life	729,721		737,900
Other	9,805		10,066
Net liability for future policy benefits—long duration health	18,882,023	$ 19,460,353	18,956,498
Life
At Original Discount Rates
Net liability for future policy benefits—long duration life	13,001,552		12,285,309
At Current Discount Rates
Net liability for future policy benefits—long duration health	14,906,973		14,811,086
Net liability for future policy benefits—long duration health	14,906,973		14,811,086
Health
At Original Discount Rates
Net liability for future policy benefits—long duration life	2,456,173		2,373,444
At Current Discount Rates
Net liability for future policy benefits—long duration health	2,321,900		2,312,401
Net liability for future policy benefits—long duration health	2,321,900		2,312,401
American Income | Life
At Original Discount Rates
Net liability for future policy benefits—long duration life	4,620,358		4,247,898
At Current Discount Rates
Net liability for future policy benefits—long duration health	5,305,709		5,169,921
Net liability for future policy benefits—long duration health	5,305,709		5,169,921
American Income | Health
At Original Discount Rates
Net liability for future policy benefits—long duration life	114,146		111,096
At Current Discount Rates
Net liability for future policy benefits—long duration health	125,737		126,200
Net liability for future policy benefits—long duration health	125,737		126,200
Direct to Consumer | Life
At Original Discount Rates
Net liability for future policy benefits—long duration life	3,030,353		2,844,707
At Current Discount Rates
Net liability for future policy benefits—long duration health	3,558,505		3,518,676
Net liability for future policy benefits—long duration health	3,558,505		3,518,676
Direct to Consumer | Health
At Original Discount Rates
Net liability for future policy benefits—long duration life	707		961
At Current Discount Rates
Net liability for future policy benefits—long duration health	734		1,009
Net liability for future policy benefits—long duration health	734		1,009
Liberty National | Life
At Original Discount Rates
Net liability for future policy benefits—long duration life	2,265,329		2,213,819
At Current Discount Rates
Net liability for future policy benefits—long duration health	2,402,951		2,438,946
Net liability for future policy benefits—long duration health	2,402,951		2,438,946
Liberty National | Health
At Original Discount Rates
Net liability for future policy benefits—long duration life	472,140		489,917
At Current Discount Rates
Net liability for future policy benefits—long duration health	499,819		534,325
Net liability for future policy benefits—long duration health	499,819		534,325
Other premium | Life
At Original Discount Rates
Net liability for future policy benefits—long duration life	3,085,512		2,978,885
At Current Discount Rates
Net liability for future policy benefits—long duration health	3,639,808		3,683,543
Net liability for future policy benefits—long duration health	3,639,808		3,683,543
United American | Health
At Original Discount Rates
Net liability for future policy benefits—long duration life	117,042		134,455
At Current Discount Rates
Net liability for future policy benefits—long duration health	117,588		140,119
Net liability for future policy benefits—long duration health	117,588		140,119
Family Heritage | Health
At Original Discount Rates
Net liability for future policy benefits—long duration life	1,752,138		1,637,015
At Current Discount Rates
Net liability for future policy benefits—long duration health	1,578,022		1,510,748
Net liability for future policy benefits—long duration health	$ 1,578,022		$ 1,510,748

Policy Liabilities - Schedule_3

Policy Liabilities - Schedule of Weighted Average Interest Rate of Liability For Future Policy Benefits (Details)	Mar. 31, 2024	Mar. 31, 2023
American Income | Life
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average original discount rate	5.70%	5.80%
Weighted average current discount rate	5.20%	4.90%
American Income | Health
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average original discount rate	5.80%	5.90%
Weighted average current discount rate	5%	4.80%
DTC | Life
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average original discount rate	6%	6%
Weighted average current discount rate	5.20%	5%
DTC | Health
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average original discount rate	5.10%	5.20%
Weighted average current discount rate	5%	4.80%
Liberty National | Life
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average original discount rate	5.60%	5.60%
Weighted average current discount rate	5.20%	5%
Liberty National | Health
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average original discount rate	5.80%	5.80%
Weighted average current discount rate	5.20%	4.90%
Other premium | Life
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average original discount rate	6.20%	6.20%
Weighted average current discount rate	5.20%	5%
United American | Health
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average original discount rate	5.10%	5.20%
Weighted average current discount rate	5%	4.80%
Family Heritage | Health
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average original discount rate	4.20%	4.30%
Weighted average current discount rate	5.10%	4.90%

Policy Liabilities - Schedule_4

Policy Liabilities - Schedule of Weighted Average Duration of Liability For Future Policy Benefits (Details)	Mar. 31, 2024	Mar. 31, 2023
American Income | Life
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	23 years 18 days	22 years 10 months 24 days
At current discount rates	23 years 3 months 29 days	23 years 3 months 29 days
American Income | Health
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	12 years 3 months 10 days	12 years 1 month 24 days
At current discount rates	12 years 8 months 1 day	12 years 8 months 26 days
DTC | Life
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	19 years 6 months 25 days	20 years 2 months 26 days
At current discount rates	21 years 3 days	21 years 9 months 25 days
DTC | Health
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	11 years 6 months 10 days	11 years 4 months 24 days
At current discount rates	10 years 8 months 26 days	10 years 9 months 18 days
Liberty National | Life
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	15 years 1 month 28 days	14 years 11 months 8 days
At current discount rates	15 years 7 months 6 days	15 years 7 months 17 days
Liberty National | Health
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	9 years 2 months 23 days	9 years 3 months 21 days
At current discount rates	9 years 4 months 20 days	9 years 7 months 28 days
Other premium | Life
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	16 years 2 months 4 days	16 years 6 months 7 days
At current discount rates	17 years 7 months 2 days	18 years 2 months 23 days
United American | Health
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	11 years 6 months 10 days	11 years 4 months 24 days
At current discount rates	10 years 8 months 26 days	10 years 9 months 18 days
Family Heritage | Health
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	15 years 25 days	14 years 10 months 28 days
At current discount rates	14 years 4 months 2 days	14 years 5 months 4 days

Policy Liabilities - Schedule_5

Policy Liabilities - Schedule of Liability For Future Policy Benefits To Consolidated Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	$ 799,893	$ 767,759
Interest expense	187,298	177,189
Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	287,498	272,306
Interest expense	27,236	26,351
American Income | Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	413,759	387,145
Interest expense	66,379	61,431
American Income | Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	28,919	28,096
Interest expense	1,655	1,632
Direct to Consumer | Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	245,194	244,707
Interest expense	44,460	41,714
Direct to Consumer | Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	3,657	3,542
Interest expense	0	0
Liberty National | Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	89,871	84,072
Interest expense	30,542	29,769
Liberty National | Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	47,434	46,745
Interest expense	6,583	6,920
Other premium | Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	51,069	51,835
Interest expense	45,917	44,275
United American | Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	104,097	97,833
Interest expense	1,567	1,822
Family Heritage | Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	103,391	96,090
Interest expense	$ 17,431	$ 15,977

Policy Liabilities - Schedule_6

Policy Liabilities - Schedule of Undiscounted And Discounted Expected Future Gross Premiums And Expected Future Benefits And Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Life
Liability for Future Policy Benefit, Activity [Line Items]
PV of expected future gross premiums, Not discounted	$ 50,654,638		$ 48,772,838
PV of expected future gross premiums, At original discount rates	27,744,496		26,738,983
PV of expected future gross premiums, At current discount rates	28,545,056		28,144,330
PV of expected future net premiums, Not discounted	21,757,418		21,259,261
PV of expected future net premiums, At original discount rates	11,810,065	$ 11,709,368	11,564,309	$ 11,442,919
PV of expected future net premiums, At current discount rates	12,164,308	12,342,307	12,189,326	11,748,528
PV of expected future policy benefits, Not discounted	78,377,487		75,455,738
PV of expected future policy benefits, At original discount rates	24,812,962	24,563,696	23,849,467	23,564,337
PV of expected future policy benefits, At current discount rates	27,061,942	27,723,158	26,987,682	25,749,961
Health
Liability for Future Policy Benefit, Activity [Line Items]
PV of expected future gross premiums, Not discounted	19,691,875		17,390,362
PV of expected future gross premiums, At original discount rates	11,845,569		10,618,931
PV of expected future gross premiums, At current discount rates	11,682,884		10,652,514
PV of expected future net premiums, Not discounted	10,090,391		8,710,288
PV of expected future net premiums, At original discount rates	6,120,118	6,069,295	5,387,168	5,366,304
PV of expected future net premiums, At current discount rates	6,010,536	6,089,728	5,374,493	5,207,422
PV of expected future policy benefits, Not discounted	15,159,868		13,594,299
PV of expected future policy benefits, At original discount rates	8,548,000	8,484,970	7,748,360	7,710,767
PV of expected future policy benefits, At current discount rates	8,298,702	8,441,002	7,670,753	7,394,349
American Income | Life
Liability for Future Policy Benefit, Activity [Line Items]
PV of expected future gross premiums, Not discounted	24,668,992		23,041,514
PV of expected future gross premiums, At original discount rates	13,924,819		13,054,486
PV of expected future gross premiums, At current discount rates	14,181,177		13,575,751
PV of expected future net premiums, Not discounted	8,131,005		7,617,532
PV of expected future net premiums, At original discount rates	4,596,138	4,523,329	4,325,957	4,246,723
PV of expected future net premiums, At current discount rates	4,652,671	4,681,888	4,467,637	4,273,156
PV of expected future policy benefits, Not discounted	31,114,756		28,821,998
PV of expected future policy benefits, At original discount rates	9,216,265	9,061,833	8,573,734	8,409,761
PV of expected future policy benefits, At current discount rates	9,958,093	10,163,627	9,637,463	9,119,104
American Income | Health
Liability for Future Policy Benefit, Activity [Line Items]
PV of expected future gross premiums, Not discounted	1,768,477		1,760,671
PV of expected future gross premiums, At original discount rates	991,946		984,216
PV of expected future gross premiums, At current discount rates	1,024,262		1,037,339
PV of expected future net premiums, Not discounted	362,982		351,655
PV of expected future net premiums, At original discount rates	203,850	201,869	197,446	192,631
PV of expected future net premiums, At current discount rates	203,795	206,381	200,666	190,296
PV of expected future policy benefits, Not discounted	644,293		626,151
PV of expected future policy benefits, At original discount rates	317,365	315,431	308,170	303,713
PV of expected future policy benefits, At current discount rates	328,783	335,504	326,533	312,750
Direct to Consumer | Life
Liability for Future Policy Benefit, Activity [Line Items]
PV of expected future gross premiums, Not discounted	17,617,001		17,479,516
PV of expected future gross premiums, At original discount rates	9,214,360		9,165,113
PV of expected future gross premiums, At current discount rates	9,597,417		9,773,835
PV of expected future net premiums, Not discounted	10,831,408		10,832,386
PV of expected future net premiums, At original discount rates	5,698,050	5,664,259	5,718,900	5,680,864
PV of expected future net premiums, At current discount rates	5,945,259	6,052,651	6,110,550	5,910,224
PV of expected future policy benefits, Not discounted	25,909,464		25,582,750
PV of expected future policy benefits, At original discount rates	8,728,403	8,656,752	8,563,604	8,477,892
PV of expected future policy benefits, At current discount rates	9,500,215	9,714,516	9,624,680	9,225,451
Direct to Consumer | Health
Liability for Future Policy Benefit, Activity [Line Items]
PV of expected future gross premiums, Not discounted	238,499		171,266
PV of expected future gross premiums, At original discount rates	150,065		112,442
PV of expected future gross premiums, At current discount rates	154,223		118,105
PV of expected future net premiums, Not discounted	176,500		131,187
PV of expected future net premiums, At original discount rates	110,863	109,880	85,966	87,751
PV of expected future net premiums, At current discount rates	113,879	115,363	90,243	90,143
PV of expected future policy benefits, Not discounted	164,347		124,597
PV of expected future policy benefits, At original discount rates	105,050	104,501	83,001	85,212
PV of expected future policy benefits, At current discount rates	107,775	109,482	87,090	87,532
Liberty National | Life
Liability for Future Policy Benefit, Activity [Line Items]
PV of expected future gross premiums, Not discounted	4,667,397		4,453,139
PV of expected future gross premiums, At original discount rates	2,725,502		2,599,082
PV of expected future gross premiums, At current discount rates	2,739,275		2,667,795
PV of expected future net premiums, Not discounted	1,888,084		1,889,419
PV of expected future net premiums, At original discount rates	1,073,485	1,077,831	1,070,775	1,066,123
PV of expected future net premiums, At current discount rates	1,102,209	1,129,716	1,128,083	1,094,407
PV of expected future policy benefits, Not discounted	8,916,134		8,658,766
PV of expected future policy benefits, At original discount rates	3,340,412	3,338,252	3,284,594	3,272,980
PV of expected future policy benefits, At current discount rates	3,499,742	3,605,392	3,559,012	3,429,256
Liberty National | Health
Liability for Future Policy Benefit, Activity [Line Items]
PV of expected future gross premiums, Not discounted	2,073,015		2,232,290
PV of expected future gross premiums, At original discount rates	1,315,879		1,396,334
PV of expected future gross premiums, At current discount rates	1,353,262		1,468,763
PV of expected future net premiums, Not discounted	509,069		634,061
PV of expected future net premiums, At original discount rates	342,165	348,570	404,647	415,442
PV of expected future net premiums, At current discount rates	345,441	358,472	421,447	423,490
PV of expected future policy benefits, Not discounted	1,395,561		1,575,745
PV of expected future policy benefits, At original discount rates	804,316	816,819	890,019	904,865
PV of expected future policy benefits, At current discount rates	834,006	865,808	949,996	941,574
Other premium | Life
Liability for Future Policy Benefit, Activity [Line Items]
PV of expected future gross premiums, Not discounted	3,701,248		3,798,669
PV of expected future gross premiums, At original discount rates	1,879,815		1,920,302
PV of expected future gross premiums, At current discount rates	2,027,187		2,126,949
PV of expected future net premiums, Not discounted	906,921		919,924
PV of expected future net premiums, At original discount rates	442,392	443,949	448,677	449,209
PV of expected future net premiums, At current discount rates	464,169	478,052	483,056	470,741
PV of expected future policy benefits, Not discounted	12,437,133		12,392,224
PV of expected future policy benefits, At original discount rates	3,527,882	3,506,859	3,427,535	3,403,704
PV of expected future policy benefits, At current discount rates	4,103,892	4,239,623	4,166,527	3,976,150
United American | Health
Liability for Future Policy Benefit, Activity [Line Items]
PV of expected future gross premiums, Not discounted	8,757,778		6,783,819
PV of expected future gross premiums, At original discount rates	5,349,917		4,279,547
PV of expected future gross premiums, At current discount rates	5,334,881		4,346,007
PV of expected future net premiums, Not discounted	6,002,434		4,685,306
PV of expected future net premiums, At original discount rates	3,661,448	3,625,803	2,948,641	2,941,261
PV of expected future net premiums, At current discount rates	3,653,395	3,697,771	2,997,723	2,908,501
PV of expected future policy benefits, Not discounted	6,186,167		4,909,212
PV of expected future policy benefits, At original discount rates	3,766,995	3,741,530	3,079,790	3,080,633
PV of expected future policy benefits, At current discount rates	3,756,534	3,814,328	3,132,462	3,046,829
Family Heritage | Health
Liability for Future Policy Benefit, Activity [Line Items]
PV of expected future gross premiums, Not discounted	6,854,106		6,442,316
PV of expected future gross premiums, At original discount rates	4,037,762		3,846,392
PV of expected future gross premiums, At current discount rates	3,816,256		3,682,300
PV of expected future net premiums, Not discounted	3,039,406		2,908,079
PV of expected future net premiums, At original discount rates	1,801,792	1,783,173	1,750,468	1,729,219
PV of expected future net premiums, At current discount rates	1,694,026	1,711,741	1,664,414	1,594,992
PV of expected future policy benefits, Not discounted	6,769,500		6,358,594
PV of expected future policy benefits, At original discount rates	3,554,274	3,506,689	3,387,380	3,336,344
PV of expected future policy benefits, At current discount rates	$ 3,271,604	$ 3,315,880	$ 3,174,672	$ 3,005,664

Policy Liabilities - Schedule_7

Policy Liabilities - Schedule of Policyholder Account Balance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest Sensitive Life
Policyholder Account Balance [Roll Forward]
Beginning Balance	$ 732,948	$ 739,105
Issuances	0	0
Premiums received	5,624	6,030
Policy charges	(3,111)	(3,319)
Surrenders and withdrawals	(6,309)	(5,384)
Benefit payments	(9,140)	(7,844)
Interest credited	7,016	7,135
Other	2,693	2,177
Ending Balance	$ 729,721	$ 737,900
Weighted-average credit rate	3.89%	3.92%
Net amount at risk	$ 1,740,325	$ 1,847,128
Cash surrender value	669,721	676,247
Deferred Annuity
Policyholder Account Balance [Roll Forward]
Beginning Balance	773,039	954,318
Issuances	198	202
Premiums received	3,573	4,776
Policy charges	0	0
Surrenders and withdrawals	(31,563)	(43,533)
Benefit payments	(12,771)	(15,784)
Interest credited	6,243	7,560
Other	300	258
Ending Balance	$ 739,019	$ 907,797
Weighted-average credit rate	3.34%	3.29%
Cash surrender value	$ 739,019	$ 907,797
Other Policy-holders' Funds
Policyholder Account Balance [Roll Forward]
Beginning Balance	236,958	123,236
Issuances	0	0
Premiums received	166,700	21,662
Policy charges	0	0
Surrenders and withdrawals	(3,517)	(3,303)
Benefit payments	0	0
Interest credited	3,521	1,238
Other	(2,393)	(147)
Ending Balance	$ 401,269	$ 142,686
Weighted-average credit rate	4.49%	3.78%
Cash surrender value	$ 401,269	$ 142,686

Policy Liabilities - Schedule_8

Policy Liabilities - Schedule of Policyholder Account Balance, Guaranteed Minimum Crediting Rate (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
51-150 basis points above | Minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range above guaranteed minimum crediting rates (percent)	0.0051		0.0051
51-150 basis points above | Maximum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range above guaranteed minimum crediting rates (percent)	0.0150		0.0150
Interest Sensitive Life
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	$ 729,721	$ 732,948	$ 737,900	$ 739,105
Interest Sensitive Life | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	729,721		737,900
Interest Sensitive Life | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	$ 0		$ 0
Interest Sensitive Life | Less than 3.00% | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	3%		3%
Range of guaranteed minimum crediting rates	$ 0		$ 0
Interest Sensitive Life | Less than 3.00% | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	3%		3%
Range of guaranteed minimum crediting rates	$ 0		$ 0
Interest Sensitive Life | 3.00%-3.99% | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	$ 29,176		$ 28,956
Interest Sensitive Life | 3.00%-3.99% | At guaranteed minimum | Minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	3%		3%
Interest Sensitive Life | 3.00%-3.99% | At guaranteed minimum | Maximum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	3.99%		3.99%
Interest Sensitive Life | 3.00%-3.99% | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	$ 0		$ 0
Interest Sensitive Life | 3.00%-3.99% | 51-150 basis points above | Minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	3%		3%
Interest Sensitive Life | 3.00%-3.99% | 51-150 basis points above | Maximum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	3.99%		3.99%
Interest Sensitive Life | 4.00%-4.99% | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	$ 610,643		$ 619,411
Interest Sensitive Life | 4.00%-4.99% | At guaranteed minimum | Minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	4%		4%
Interest Sensitive Life | 4.00%-4.99% | At guaranteed minimum | Maximum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	4.99%		4.99%
Interest Sensitive Life | 4.00%-4.99% | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	$ 0		$ 0
Interest Sensitive Life | 4.00%-4.99% | 51-150 basis points above | Minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	4%		4%
Interest Sensitive Life | 4.00%-4.99% | 51-150 basis points above | Maximum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	4.99%		4.99%
Interest Sensitive Life | Greater than 5.00% | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	5%		5%
Range of guaranteed minimum crediting rates	$ 89,902		$ 89,533
Interest Sensitive Life | Greater than 5.00% | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	5%		5%
Range of guaranteed minimum crediting rates	$ 0		$ 0
Deferred Annuity
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	739,019	773,039	907,797	954,318
Deferred Annuity | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	739,019		907,797
Deferred Annuity | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	0		0
Deferred Annuity | Less than 3.00% | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	1,796		1,971
Deferred Annuity | Less than 3.00% | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	0		0
Deferred Annuity | 3.00%-3.99% | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	545,598		698,952
Deferred Annuity | 3.00%-3.99% | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	0		0
Deferred Annuity | 4.00%-4.99% | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	191,625		206,874
Deferred Annuity | 4.00%-4.99% | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	0		0
Deferred Annuity | Greater than 5.00% | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	0		0
Deferred Annuity | Greater than 5.00% | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	0		0
Other premium
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	401,269	$ 236,958	142,686	$ 123,236
Other premium | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	351,585		142,686
Other premium | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	49,684		0
Other premium | Less than 3.00% | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	303,935		43,191
Other premium | Less than 3.00% | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	0		0
Other premium | 3.00%-3.99% | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	3,521		4,097
Other premium | 3.00%-3.99% | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	0		0
Other premium | 4.00%-4.99% | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	6,745		57,596
Other premium | 4.00%-4.99% | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	49,684		0
Other premium | Greater than 5.00% | At guaranteed minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	37,384		37,802
Other premium | Greater than 5.00% | 51-150 basis points above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	$ 0		$ 0

Deferred Acquisition Costs - Sc

Deferred Acquisition Costs - Schedule of Analysis of Deferred Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	$ 6,009,477
Amortization expense	(99,478)	$ (92,322)
Ending Balance	6,131,237	5,654,438
Life
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	5,271,775	4,844,291
Capitalizations	198,646	190,347
Amortization expense	(85,768)	(79,589)
Foreign exchange adjustment	(5,828)	(2,787)
Ending Balance	5,378,825	4,952,262
Health
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	734,735	686,763
Capitalizations	28,696	23,629
Amortization expense	(13,311)	(12,308)
Foreign exchange adjustment	(276)	(126)
Ending Balance	749,844	697,958
American Income | Life
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	2,573,370	2,258,291
Capitalizations	127,443	115,395
Amortization expense	(42,976)	(38,299)
Foreign exchange adjustment	(5,828)	(2,787)
Ending Balance	2,652,009	2,332,600
American Income | Health
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	66,783	57,811
Capitalizations	3,530	3,143
Amortization expense	(1,099)	(938)
Foreign exchange adjustment	(276)	(126)
Ending Balance	68,938	59,890
DTC | Life
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	1,737,117	1,676,931
Capitalizations	42,125	47,410
Amortization expense	(25,058)	(24,753)
Foreign exchange adjustment	0	0
Ending Balance	1,754,184	1,699,588
DTC | Health
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	1,679	1,854
Capitalizations	1	0
Amortization expense	(37)	(47)
Foreign exchange adjustment	0	0
Ending Balance	1,643	1,807
Liberty National | Life
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	666,419	610,723
Capitalizations	26,065	24,221
Amortization expense	(13,599)	(12,412)
Foreign exchange adjustment	0	0
Ending Balance	678,885	622,532
Liberty National | Health
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	139,941	133,096
Capitalizations	7,979	4,882
Amortization expense	(3,607)	(3,250)
Foreign exchange adjustment	0	0
Ending Balance	144,313	134,728
Other premium | Life
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	294,869	298,346
Capitalizations	3,013	3,321
Amortization expense	(4,135)	(4,125)
Foreign exchange adjustment	0	0
Ending Balance	293,747	297,542
United American | Health
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	73,489	77,394
Capitalizations	496	507
Amortization expense	(1,381)	(1,513)
Foreign exchange adjustment	0	0
Ending Balance	72,604	76,388
Family Heritage | Health
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	452,843	416,608
Capitalizations	16,690	15,097
Amortization expense	(7,187)	(6,560)
Foreign exchange adjustment	0	0
Ending Balance	$ 462,346	$ 425,145

Deferred Acquisition Costs - _2

Deferred Acquisition Costs - Schedule of Deferred Policy Acquisition Costs to Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	$ 6,131,237	$ 6,009,477	$ 5,654,438
Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	5,378,825	5,271,775	4,952,262	$ 4,844,291
Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	749,844	734,735	697,958	686,763
Annuity
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	2,568		4,218
American Income | Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	2,652,009	2,573,370	2,332,600	2,258,291
American Income | Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	68,938	66,783	59,890	57,811
DTC | Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	1,754,184	1,737,117	1,699,588	1,676,931
DTC | Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	1,643	1,679	1,807	1,854
Liberty National | Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	678,885	666,419	622,532	610,723
Liberty National | Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	144,313	139,941	134,728	133,096
Other premium | Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	293,747	294,869	297,542	298,346
United American | Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	72,604	73,489	76,388	77,394
Family Heritage | Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	$ 462,346	$ 452,843	$ 425,145	$ 416,608

Liability for Unpaid Claims - S

Liability for Unpaid Claims - Schedule of Liability for Unpaid Health Claims (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Activity in the Liability for Unpaid Health Claims
Beginning balance less reinsurance recoverable	$ 514,875
Paid related to:
Beginning balance plus reinsurance recoverable	520,094	$ 514,875
Health claims
Activity in the Liability for Unpaid Health Claims
Beginning balance	192,652	182,202
Less reinsurance recoverables, beginning balance	2,157	2,084
Beginning balance less reinsurance recoverable	194,809	184,286
Incurred related to:
Current year	184,167	697,521
Prior years	188	(4,853)
Total incurred	184,355	692,668
Paid related to:
Current year	74,254	535,971
Prior years	103,375	146,247
Total paid	177,629	682,218
Ending balance	199,378	192,652
Plus reinsurance recoverables, ending balance	1,667	2,157
Beginning balance plus reinsurance recoverable	$ 201,045	$ 194,809

Liability for Unpaid Claims -_2

Liability for Unpaid Claims - Schedule of Reconciliation of Policy Claims and Other Benefits Payable (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Policy claims and other benefits payable:
Policy claims and other benefits payable	$ 520,094	$ 514,875
Life insurance
Policy claims and other benefits payable:
Policy claims and other benefits payable	319,049	320,066
Health insurance
Policy claims and other benefits payable:
Policy claims and other benefits payable	$ 201,045	$ 194,809	$ 184,286

Postretirement Benefits - Sched

Postretirement Benefits - Schedule of Pension Assets by Component at Fair Value (Details) - Pension Plan - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 588,178	$ 570,767
Percentage of plan assets	100%	100%
Investment funds, percentage ownership by pension plan	1%
Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 564,508	$ 552,453
Percentage of plan assets	96%	97%
Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 361,794	$ 341,570
Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	202,714	210,883
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 23,670	$ 18,314
Percentage of plan assets	4%	3%
Exchange traded fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 26,481	$ 18,715
Percentage of total plan assets, within plan asset category	5%	3%
Investment grade securities issued term	10 years
Exchange traded fund | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 26,481	$ 18,715
Exchange traded fund | Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Exchange traded fund | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Equity Exchange Traded Fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 330,810	$ 315,886
Percentage of total plan assets, within plan asset category	56%	55%
Equity Exchange Traded Fund | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 330,810	$ 315,886
Equity Exchange Traded Fund | Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Equity Exchange Traded Fund | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
U.S. Government and Agency
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 159,108	$ 167,450
Percentage of total plan assets, within plan asset category	27%	30%
U.S. Government and Agency | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
U.S. Government and Agency | Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	159,108	167,450
U.S. Government and Agency | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Other bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 4	$ 5
Percentage of total plan assets, within plan asset category	0%	0%
Other bonds | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Other bonds | Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	4	5
Other bonds | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Guaranteed annuity contract
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 43,602	$ 43,428
Percentage of total plan assets, within plan asset category	7%	8%
Guaranteed annuity contract | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Guaranteed annuity contract | Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	43,602	43,428
Guaranteed annuity contract | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Short-term investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 3,016	$ 6,506
Percentage of total plan assets, within plan asset category	1%	1%
Short-term investments | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 3,016	$ 6,506
Short-term investments | Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Short-term investments | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 1,487	$ 463
Percentage of total plan assets, within plan asset category	0%	0%
Other | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 1,487	$ 463
Other | Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Other | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0

Postretirement Benefits - Sch_2

Postretirement Benefits - Schedule of Information Regarding the SERP (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Retirement Benefits [Abstract]
Premiums paid for insurance coverage	$ 443	$ 443
Total investments:
COLI	55,974		$ 55,185
Exchange traded funds	90,514		86,156
Total investments of SERP	$ 146,488		$ 141,341

Postretirement Benefits - Pensi

Postretirement Benefits - Pension and SERP Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation	$ 647,434	$ 627,560
Qualified Plan | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation	574,981	554,957
Nonqualified Plan | SERP
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation	$ 72,453	$ 72,603

Postretirement Benefits - Sch_3

Postretirement Benefits - Schedule of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Retirement Benefits [Abstract]
Service cost—benefits earned during the period	$ 6,221	$ 5,392
Interest cost on projected benefit obligation	8,267	7,834
Expected return on assets	(10,646)	(9,656)
Prior service cost	269	269
Actuarial (gain) loss	6	(52)
Net periodic benefit cost	$ 4,117	$ 3,787

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Basic weighted average shares outstanding (in shares)	93,865,606	96,388,211
Weighted average dilutive options outstanding (in shares)	1,248,909	1,522,889
Diluted weighted average shares outstanding (in shares)	95,114,515	97,911,100
Antidilutive shares (in shares)	186,359	209,870

Debt - Schedule of Selected Inf

Debt - Schedule of Selected Information about Debt Issues (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt, par value, gross	$ 1,650,000,000
Total short-term debt, par value	736,000,000
Total debt, par value	2,386,000,000
Unamortized discount & issuance costs, noncurrent	(20,022,000)
Unamortized discount & issuance costs, current	(2,456,000)
Total debt, unamortized discount & issuance costs,	(22,478,000)
Long-term debt (estimated fair value: 2024—$1,510,512; 2023—$1,491,229)	1,629,978,000	$ 1,629,559,000
Total short-term debt, book value	733,544,000	486,113,000
Total debt, book value	2,363,522,000	2,115,672,000
Fair Value	1,510,512,000
Total short-term debt, fair value	733,544,000
Total debt, fair value	2,244,056,000
Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Total short-term debt, par value	242,000,000	0
Unamortized discount & issuance costs, current	0
Total short-term debt, book value	242,000,000	0
Total short-term debt, fair value	242,000,000
Commercial paper
Debt Instrument [Line Items]
Total short-term debt, par value	324,000,000
Unamortized discount & issuance costs, current	(2,132,000)
Total short-term debt, book value	321,868,000	316,564,000
Total short-term debt, fair value	$ 321,868,000
Senior Notes Due 2028
Debt Instrument [Line Items]
Coupon Rate	4.55%
Long-term debt, par value, gross	$ 550,000,000
Unamortized discount & issuance costs, noncurrent	(3,538,000)
Debt	546,462,000	546,283,000
Long-term debt, gross, fair value	$ 539,198,000
Senior Notes Due 2030
Debt Instrument [Line Items]
Coupon Rate	2.15%
Long-term debt, par value, gross	$ 400,000,000
Unamortized discount & issuance costs, noncurrent	(3,214,000)
Debt	396,786,000	396,670,000
Long-term debt, gross, fair value	$ 334,816,000
Senior Notes Due June 15 2032
Debt Instrument [Line Items]
Coupon Rate	4.80%
Long-term debt, par value, gross	$ 250,000,000
Unamortized discount & issuance costs, noncurrent	(4,028,000)
Debt	245,972,000	245,873,000
Long-term debt, gross, fair value	242,950,000
Senior Notes Due June 15 2032 | Consolidation Eliminations | Subsidiaries
Debt Instrument [Line Items]
Long-term debt, net, book value	$ 150,000,000
Junior Subordinated Debentures Due 2057
Debt Instrument [Line Items]
Coupon Rate	5.275%
Long-term debt, par value, gross	$ 125,000,000
Unamortized discount & issuance costs, noncurrent	(1,569,000)
Debt	123,431,000	123,427,000
Long-term debt, gross, fair value	$ 123,538,000
Junior Subordinated Debentures Due 2061
Debt Instrument [Line Items]
Coupon Rate	4.25%
Long-term debt, par value, gross	$ 325,000,000
Unamortized discount & issuance costs, noncurrent	(7,673,000)
Debt	317,327,000	317,306,000
Long-term debt, gross, fair value	$ 270,010,000
Term Loan Due November 11 2024
Debt Instrument [Line Items]
Coupon Rate	6.68%
Long-term debt, par value, gross	$ 170,000,000
Unamortized discount & issuance costs, noncurrent	(324,000)
Debt	169,676,000	$ 169,549,000
Long-term debt, gross, fair value	$ 169,676,000
Basis spread	1.35%

Debt - Additional Information (

Debt - Additional Information (Details)		3 Months Ended
	Mar. 29, 2024 USD ($) extension_option	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Activity-based common stock ownership percentage		0.041
FHLB stock		$ 34,300,000	$ 22,300,000
Short-term debt, face amount		736,000,000
Estimate of Fair Value Measurement | Asset Pledged as Collateral
Debt Instrument [Line Items]
Fair value of pledged assets		1,400,000,000
Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Short-term debt, face amount		$ 242,000,000	0
Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,000,000,000
Potential maximum borrowing capacity	$ 1,250,000,000
Number of extension options | extension_option	2
Extension term	1 year
Junior Subordinated Debentures Due 2056
Debt Instrument [Line Items]
Interest rate		4.25%
Senior Notes
Debt Instrument [Line Items]
Optional redemption, period from issuance date		5 years
Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 589,000,000
Long-term line of credit		$ 303,000,000	$ 138,000,000

Debt - Short-Term Borrowings (D

Debt - Short-Term Borrowings (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Short-term Debt [Line Items]
Annualized interest rate	5.63%	5.28%	5.71%
Letters of credit outstanding	$ 115,000	$ 115,000	$ 115,000
Remaining amount available under credit line	$ 561,000	$ 330,000	316,000
Daily-weighted average interest rate (annualized)	5.68%	4.95%
Maximum daily amount outstanding during period (par value)	$ 384,000	$ 477,700
Short-term Debt
Short-term Debt [Line Items]
Balance commercial paper at end of period (at par value)	324,000	305,000	$ 319,000
Commercial paper
Short-term Debt [Line Items]
Average balance of commercial paper outstanding during period (par value)	346,088	293,892
Commercial paper issued during period (par value)	404,000	545,000
Commercial paper matured during period (par value)	(399,000)	(525,000)
Net commercial paper issued (matured) during period (par value)	$ 5,000	$ 20,000

Business Segments - Schedule of

Business Segments - Schedule of Segment Premium Income by Distribution Channel (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)
Segment Reporting [Abstract]
Number of segments | segment	4
Segment Reporting Information [Line Items]
Premium	$ 1,145,284	$ 1,095,090
% of Total	100%	100%
Life
Segment Reporting Information [Line Items]
Premium	$ 804,265	$ 772,597
% of Total	100%	100%
Health
Segment Reporting Information [Line Items]
Premium	$ 341,019	$ 322,493
% of Total	100%	100%
Annuity
Segment Reporting Information [Line Items]
Premium	$ 0	$ 0
% of Total	0%	0%
American Income
Segment Reporting Information [Line Items]
Premium	$ 444,541	$ 417,106
% of Total	39%	38%
American Income | Life
Segment Reporting Information [Line Items]
Premium	$ 414,044	$ 387,512
% of Total	52%	50%
American Income | Health
Segment Reporting Information [Line Items]
Premium	$ 30,497	$ 29,594
% of Total	9%	9%
American Income | Annuity
Segment Reporting Information [Line Items]
Premium	$ 0	$ 0
% of Total	0%	0%
Direct to Consumer
Segment Reporting Information [Line Items]
Premium	$ 265,906	$ 264,915
% of Total	23%	24%
Direct to Consumer | Life
Segment Reporting Information [Line Items]
Premium	$ 248,040	$ 247,667
% of Total	31%	32%
Direct to Consumer | Health
Segment Reporting Information [Line Items]
Premium	$ 17,866	$ 17,248
% of Total	5%	5%
Direct to Consumer | Annuity
Segment Reporting Information [Line Items]
Premium	$ 0	$ 0
% of Total	0%	0%
Liberty National
Segment Reporting Information [Line Items]
Premium	$ 138,407	$ 132,175
% of Total	12%	12%
Liberty National | Life
Segment Reporting Information [Line Items]
Premium	$ 90,777	$ 85,203
% of Total	11%	11%
Liberty National | Health
Segment Reporting Information [Line Items]
Premium	$ 47,630	$ 46,972
% of Total	14%	15%
Liberty National | Annuity
Segment Reporting Information [Line Items]
Premium	$ 0	$ 0
% of Total	0%	0%
United American
Segment Reporting Information [Line Items]
Premium	$ 143,478	$ 134,489
% of Total	13%	12%
United American | Life
Segment Reporting Information [Line Items]
Premium	$ 1,843	$ 1,882
% of Total	0%	0%
United American | Health
Segment Reporting Information [Line Items]
Premium	$ 141,635	$ 132,607
% of Total	42%	41%
United American | Annuity
Segment Reporting Information [Line Items]
Premium	$ 0	$ 0
% of Total	0%	0%
Family Heritage
Segment Reporting Information [Line Items]
Premium	$ 105,007	$ 97,552
% of Total	9%	9%
Family Heritage | Life
Segment Reporting Information [Line Items]
Premium	$ 1,616	$ 1,480
% of Total	0%	0%
Family Heritage | Health
Segment Reporting Information [Line Items]
Premium	$ 103,391	$ 96,072
% of Total	30%	30%
Family Heritage | Annuity
Segment Reporting Information [Line Items]
Premium	$ 0	$ 0
% of Total	0%	0%
Other
Segment Reporting Information [Line Items]
Premium	$ 47,945	$ 48,853
% of Total	4%	5%
Other | Life
Segment Reporting Information [Line Items]
Premium	$ 47,945	$ 48,853
% of Total	6%	7%
Other | Health
Segment Reporting Information [Line Items]
Premium	$ 0	$ 0
% of Total	0%	0%
Other | Annuity
Segment Reporting Information [Line Items]
Premium	$ 0	$ 0
% of Total	0%	0%

Business Segments - Schedule _2

Business Segments - Schedule of Reconciliation of Segment Operating Information to Consolidated Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Premium	$ 1,145,284	$ 1,095,090
Net investment income	282,578	257,105
Other income	76	50
Total revenue	1,427,938	1,352,245
Expenses:
Policy benefits	731,793	707,927
Required interest on reserves	0	0
Amortization of acquisition costs	99,478	92,322
Commissions, premium taxes, and non-deferred acquisition costs	148,110	137,797
Insurance administrative expense	80,411	73,907
Parent expense	3,536	2,585
Stock-based compensation expense	9,267	7,679
Interest expense	28,621	24,867
Total benefits and expenses	1,101,216	1,047,084
Subtotal	326,722	305,161
Non-operating items	710	0
Measure of segment profitability (pretax)	327,432	305,161
Realized gains (losses)	(11,799)	(30,927)
Non-operating expenses	(710)
Income before income taxes	314,923	274,234
Life
Revenue:
Premium	804,265	772,597
Expenses:
Amortization of acquisition costs	85,768	79,589
Health
Revenue:
Premium	341,019	322,493
Expenses:
Amortization of acquisition costs	13,311	12,308
Annuity
Revenue:
Premium	0	0
Operating Segments
Expenses:
Non-operating items	0	0
Operating Segments | Life
Revenue:
Premium	804,265	772,597
Net investment income	0	0
Other income	0	0
Total revenue	804,265	772,597
Expenses:
Policy benefits	519,871	507,977
Required interest on reserves	(199,707)	(189,821)
Amortization of acquisition costs	85,768	79,589
Commissions, premium taxes, and non-deferred acquisition costs	89,322	83,578
Insurance administrative expense	0	0
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	495,254	481,323
Subtotal	309,011	291,274
Measure of segment profitability (pretax)	309,011	291,274
Operating Segments | Health
Revenue:
Premium	341,019	322,493
Net investment income	0	0
Other income	0	0
Total revenue	341,019	322,493
Expenses:
Policy benefits	202,327	190,962
Required interest on reserves	(27,173)	(26,323)
Amortization of acquisition costs	13,311	12,308
Commissions, premium taxes, and non-deferred acquisition costs	58,784	54,214
Insurance administrative expense	0	0
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	247,249	231,161
Subtotal	93,770	91,332
Measure of segment profitability (pretax)	93,770	91,332
Operating Segments | Annuity
Revenue:
Premium	0	0
Net investment income	0	0
Other income	0	0
Total revenue	0	0
Expenses:
Policy benefits	6,127	7,541
Required interest on reserves	(8,445)	(10,259)
Amortization of acquisition costs	399	425
Commissions, premium taxes, and non-deferred acquisition costs	4	5
Insurance administrative expense	0	0
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	(1,915)	(2,288)
Subtotal	1,915	2,288
Measure of segment profitability (pretax)	1,915	2,288
Operating Segments | Investment
Revenue:
Premium	0	0
Net investment income	282,578	257,105
Other income	0	0
Total revenue	282,578	257,105
Expenses:
Policy benefits	3,468	1,447
Required interest on reserves	235,325	226,403
Amortization of acquisition costs	0	0
Commissions, premium taxes, and non-deferred acquisition costs	0	0
Insurance administrative expense	0	0
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	238,793	227,850
Subtotal	43,785	29,255
Measure of segment profitability (pretax)	43,785	29,255
Corporate & Other
Revenue:
Premium	0	0
Net investment income	0	0
Other income	76	50
Total revenue	76	50
Expenses:
Policy benefits	0	0
Required interest on reserves	0	0
Amortization of acquisition costs	0	0
Commissions, premium taxes, and non-deferred acquisition costs	0	0
Insurance administrative expense	80,411	73,907
Parent expense	2,826	2,585
Stock-based compensation expense	9,267	7,679
Interest expense	28,621	24,867
Total benefits and expenses	121,125	109,038
Subtotal	(121,049)	(108,988)
Non-operating items	0	0
Measure of segment profitability (pretax)	(121,049)	(108,988)
Adjustments
Revenue:
Premium	0	0
Net investment income	0	0
Other income	0	0
Total revenue	0	0
Expenses:
Policy benefits	0	0
Required interest on reserves	0	0
Amortization of acquisition costs	0	0
Commissions, premium taxes, and non-deferred acquisition costs	0	0
Insurance administrative expense	0	0
Parent expense	710
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	710	0
Subtotal	(710)	0
Non-operating items	710	0
Measure of segment profitability (pretax)	$ 0	$ 0