Globe Life Inc. (GL) Income Tax Expense
The tax expense for Globe Life Inc. (GL) is $278.57 Million with a year-over-year change of +8.87%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
GL Tax Expense Chart
Current Tax Expense
$278.57M
$278.57 Million
Year-over-Year Change
+8.87%
vs. $255.88M prior year
Historical Data
30
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $278.57M | +$22.70M | +8.87% |
| 2024 | $255.88M | +$32.36M | +14.48% |
| 2023 | $223.51M | +$15.79M | +7.60% |
| 2022 | $207.72M | $-35.77M | -14.69% |
| 2021 | $243.50M | +$78.59M | +47.65% |
| 2020 | $164.91M | $-5.49M | -3.22% |
| 2019 | $170.40M | +$8.24M | +5.08% |
| 2018 | $162.16M | +$789.78M | +125.84% |
| 2017 | $-627.62M | $-860.26M | -369.77% |
| 2016 | $232.65M | $-17.25M | -6.90% |
| 2015 | $249.89M | $-6.71M | -2.61% |
| 2014 | $256.60M | +$8.49M | +3.42% |
| 2013 | $248.11M | +$11.44M | +4.83% |
| 2012 | $236.67M | +$10.50M | +4.64% |
| 2011 | $226.17M | $-20.31M | -8.24% |
| 2010 | $246.47M | +$55.45M | +29.03% |
| 2009 | $191.02M | $-7.68M | -3.86% |
| 2008 | $198.70M | $-70.57M | -26.21% |
| 2007 | $269.27M | +$14.33M | +5.62% |
| 2006 | $254.94M | +$18.81M | +7.97% |
| 2005 | $236.13M | $-8.95M | -3.65% |
| 2004 | $245.08M | +$22.08M | +9.90% |
| 2003 | $223.00M | +$25.96M | +13.18% |
| 2002 | $197.04M | $-8.93M | -4.34% |
| 2001 | $205.97M | +$15.13M | +7.93% |
| 2000 | $190.84M | +$56.52M | +42.08% |
| 1999 | $134.32M | $-20.02M | -12.97% |
| 1998 | $154.34M | +$15.94M | +11.52% |
| 1997 | $138.40M | $-42.22M | -23.38% |
| 1996 | $180.62M | — | — |
About Globe Life Inc.
Globe Life Inc. delivers diverse life insurance and supplementary health coverage, alongside annuity products, targeting households in the lower-middle to middle-income brackets throughout the United States. The company's operations are structured into four key segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. Its offerings encompass whole life, term life, and other life protection plans; supplemental health benefits like Medicare supplements, critical illness, and accident policies; and both single-premium and flexible-premium deferred annuities. Founded in 1979 and headquartered in McKinney, Texas, the enterprise rebranded from Torchmark Corporation to Globe Life Inc. in August 2019.
- Sector
- Financial Services
- Industry
- Insurance - Life
- CEO
- Frank Martin Svoboda