Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

Index of documents filed as a part of this report:

			Page of this report
Financial Statements:
Globe Life Inc. and Subsidiaries:
Report of Independent Registered Public Accounting Firm			54
Consolidated Balance Sheets at December 31, 2021 and 2020			56
Consolidated Statements of Operations for each of the three years in the period ended December 31, 2021			57
Consolidated Statements of Comprehensive Income for each of the three years in the period ended December 31, 2021			58
Consolidated Statements of Shareholders’ Equity for each of the three years in the period ended December 31, 2021			59
Consolidated Statements of Cash Flows for each of the three years in the period ended December 31, 2021			60
Notes to Consolidated Financial Statements			61
Schedules Supporting Financial Statements for each of the three years in the period ended December 31, 2021:
II. Condensed Financial Information of Registrant (Parent Company)			129
IV. Reinsurance (Consolidated)			133
Schedules not referred to have been omitted as inapplicable or not required by Regulation S-X.

GL 2021 FORM 10-K

EXHIBITS

Exhibit No.						Description						Form						Filing Date						Related Exhibit						Page of this Report
3.1						Restated Certificate of Incorporation of Globe Life Inc.						8-K						August 8, 2019						3.2
3.2						Amended and Restated By-Laws of Globe Life Inc., as amended February 24, 2021						8-K						February 25, 2021						3.2
4.1						Trust Indenture dated as of February 1, 1987 between Torchmark Corporation and Morgan Guaranty Trust Company of New York, as Trustee						10-K						February 27, 2018						4.1
4.2						Fourth Supplemental Indenture dated as of September 24, 2012 between Torchmark Corporation and The Bank of New York Mellon Trust Company, N. A., as Trustee, supplementing the Indenture dated February 1, 1987						8-K						September 24, 2012						4.2
4.3						Junior Subordinated Indenture, dated November 2, 2001, between Torchmark Corporation and The Bank of New York defining the rights of the 7 3/4% Junior Subordinated Debentures						8-K						November 2, 2001						4.3
4.5						Third Supplemental Indenture dated as of November 17, 2017 between Torchmark Corporation and Regions Bank, as Trustee, supplementing the Junior Subordinated Indenture dated as of November 2, 2001						8-K						November 17, 2017						4.4
4.6						Fourth Supplemental Indenture dated as of June 14, 2021 between Globe Life Inc. and Regions Bank, as Trustee, supplementing the Junior Subordinated Indenture dated as of November 2, 2001						8-K						June 14, 2021						4.2
4.7						Senior Indenture, dated as of September 24, 2018, between Torchmark Corporation and Regions Bank, as Trustee						S-3						September 24, 2018						4.1
4.8						First Supplemental Indenture, dated as of September 27, 2018, between Torchmark Corporation and Regions Bank, as Trustee						8-K						September 27, 2018						4.2
4.9						Second Supplemental Indenture, dated as of August 21, 2020, between Globe Life Inc. and Regions Bank, as Trustee						8-K						August 21, 2020						4.2
10.1						Form of Retirement Life Insurance Benefit Agreement ($1,995,000 face amount limit)*						10-K						March 22, 2002						10.Z
10.2						Form of Retirement Life Insurance Benefit Agreement ($495,000 face amount limit)*						10-K						March 22, 2002						10.AA
10.3						Torchmark Corporation Supplemental Executive Retirement Plan*						8-K						January 25, 2007						10.1
10.4						Amendment No. 1 to the Torchmark Corporation Supplemental Executive Retirement Plan*						10-K						February 29, 2008						10.53
10.5						Amendment No. 2 to the Torchmark Corporation Supplemental Executive Retirement Plan*						10-K						February 29, 2008						10.54
10.6						Amendment Three to the Torchmark Corporation Supplemental Executive Retirement Plan*						10-K						February 27, 2009						10.53
10.7						Amendment Four to the Torchmark Corporation Supplemental Executive Retirement Plan*						10-K						February 27, 2020						10.10
10.8						Amendment Five to the Torchmark Corporation Supplemental Executive Retirement Plan*						8-K						May 5, 2015						10.1
10.9						Amendment Six to the Torchmark Corporation Supplemental Executive Retirement Plan*						10-K						March 1, 2019						10.11
10.10						Amendment Seven to the Torchmark Corporation Supplemental Executive Retirement Plan*						10-Q						November 5, 2020						10.2
10.11						Torchmark Corporation Non-Employee Director Compensation Plan, as amended and restated*						8-K						April 29, 2008						10.1

GL 2021 FORM 10-K

Exhibit No.						Description						Form						Filing Date						Related Exhibit						Page of this Report
10.12						Form of Restricted Stock Unit Award Notice under Torchmark Corporation Non-Employee Director Compensation Plan*						10-K						February 29, 2008						10.58
10.13						Receivables Purchase Agreement dated as of December 31, 2008 among AILIC Receivables Corporation, American Income Life Insurance Company and TMK Re, Ltd.						8-K						January 6, 2009						10.1
10.14						Amendment No.1 to Receivables Purchase Agreement dated as of December 31, 2008 among AILIC Receivables Corporation, American Income Life Insurance Company, and TMK Re, Ltd.						10-K						February 28, 2014						10.58
10.15						Amendment No.2 to Receivables Purchase Agreement dated as of December 31, 2008 among AILIC Receivables Corporation, American Income Life Insurance Company, and TMK Re, Ltd.						10-K						March 1, 2019						10.17
10.16						Torchmark Corporation 2011 Incentive Plan*						8-K						May 4, 2011						10.1
10.17						First Amendment to Torchmark Corporation 2011 Incentive Plan*						8-K						April 29, 2014						10.1
10.18						Form of Ten year Stock Option under Torchmark Corporation 2011 Incentive Plan*						8-K						May 4, 2011						10.4
10.19						Form of Seven year Stock Option under Torchmark Corporation 2011 Incentive Plan*						8-K						May 4, 2011						10.5
10.20						Form of Performance Share Award under Torchmark Corporation 2011 Incentive Plan*						8-K						February 27, 2012						10.1
10.21						Form of Seven Year Stock Option Grant Agreement under Torchmark Corporation 2011 Incentive Plan, as amended with Non-Compete, Non-Solicit and Confidentiality Provisions*						10-K						February 27, 2017						10.75
10.22						Form of Ten Year Stock Option Grant Agreement under Torchmark Corporation 2011 Incentive Plan, as amended with Non-Compete, Non-Solicit and Confidentiality Provisions*						10-K						February 27, 2017						10.76
10.23						Form of Performance Share Award Certificate under Torchmark Corporation 2011 Incentive Plan, as amended with Non-Compete, Non-Solicit and Confidentiality Provisions*						10-K						February 27, 2017						10.77
10.24						Form of Seven Year Stock Option Grant Agreement (Special) under Torchmark Corporation 2011 Incentive Plan, as amended with Non-Compete, Non-Solicit and Confidentiality Provisions*						10-K						February 27, 2017						10.78
10.25						Torchmark Corporation Amended 2011 Non-Employee Director Compensation Plan, effective January, 2017*						10-K						February 27, 2017						10.55
10.26						Form of Stock Option under Torchmark Corporation 2011 Non-Employee Director Compensation Plan*						10-K						February 28, 2011						10.57
10.27						Form of Restricted Stock Unit Award Notice under Torchmark Corporation 2011 Non-Employee Director Compensation Plan*						10-K						February 28, 2011						10.59
10.28						Torchmark Corporation 2018 Incentive Plan*						8-K						May 2, 2018						10.1
10.29						First Amendment to Torchmark Corporation 2018 Incentive Plan*						10-K						February 27, 2020						10.31
10.30						Amended Globe Life Inc. Non-Employee Director Compensation Plan*						10-Q						November 4, 2021						10.1
10.31						Form of Performance Share Award under Torchmark Corporation 2018 Incentive Plan*						8-K						May 2, 2018						10.3
10.32						Form of Performance Share Award under Globe Life Inc. 2018 Incentive Plan*						10-K						February 27, 2020						10.34
10.33						Form of Performance Share Award under Globe Life Inc. 2018 Inventive Plan (2022)*						10-K						February 23, 2022						10.33

GL 2021 FORM 10-K

Exhibit No.						Description						Form						Filing Date						Related Exhibit						Page of this Report
10.34						Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan*						10-K						February 27, 2020						10.36
10.35						Form of Seven Year Stock Option under Torchmark Corporation 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions*						8-K						May 2, 2018						10.5
10.36						Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions*						10-K						February 27, 2020						10.38
10.37						Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (Special)*						10-K						February 27, 2020						10.39
10.38						Form of Ten Year Stock Option under Torchmark Corporation 2018 Incentive Plan*						8-K						May 2, 2018						10.6
10.39						Form of Ten Year Stock Option under Torchmark Corporation 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions*						8-K						May 2, 2018						10.7
10.40						Form of Stock Option under Globe Life Inc. 2018 Non-Employee Director Compensation Plan*						10-K						February 27, 2020						10.44
10.41						Form of Restricted Stock under Globe Life Inc. 2018 Non-Employee Director Compensation Plan*						10-K						February 27, 2020						10.45
10.42						Form of Restricted Stock Unit Award Notice under Globe Life Inc. 2018 Non-Employee Director Compensation Plan*						10-K						February 27, 2020						10.46
10.43						Torchmark Corporation 2019 Management Incentive Plan (effective as of January 1, 2019)*						8-K						March 4, 2019						10.1
10.44						The Globe Life Inc. Amended and Restated Pension Plan Generally Effective as of January 1, 2020*						10-Q						November 5, 2020						10.1
10.45						Globe Life Inc. Savings and Investment Plan*						10-K						February 27, 2020						10.52
10.46						Payments to Directors*						10-Q						November 4, 2021						10.2
10.47						Amended and Restated Credit Agreement dated as of September 30, 2021 among Bank of America, N.A., the Lenders party thereto, Globe Life Inc. and TMK RE, LTD.						8-K						October 1, 2021						10.1
10.48						Form of Performance Share Award under Globe Life Inc. 2018 Incentive Plan (2021)*						10-K						February 25, 2021						10.56
21						Subsidiaries of the registrant						10-K						February 23, 2022						21						123
23						Consent of Deloitte & Touche LLP						10-K						February 23, 2022						23
24						Powers of Attorney						10-K						February 23, 2022						24
31.1						Rule 13a-14(a)/15d-14(a) Certification by Gary L. Coleman						10-K						February 23, 2022						31.1
31.2						Rule 13a-14(a)/15d-14(a) Certification by Larry M. Hutchison						10-K						February 23, 2022						31.2
31.3						Rule 13a-14(a)/15d-14(a) Certification by Frank M. Svoboda						10-K						February 23, 2022						31.3
32.1						Section 1350 Certification by Gary L. Coleman, Larry M. Hutchison and Frank M. Svoboda						10-K						February 23, 2022						32.1
101.INS						XBRL Instance Document- the instance document does not appear in the Interactive Data file because the XBRL tags are embedded within the Inline XBRL document.						10-K						February 23, 2022						101.INS
101.SCH						Inline XBRL Taxonomy Extension Schema Document.						10-K						February 23, 2022						101.SCH
101.CAL						Inline XBRL Taxonomy Extension Calculation Linkbase Document.						10-K						February 23, 2022						101.CAL
101.LAB						Inline XBRL Taxonomy Extension Label Linkbase Document.						10-K						February 23, 2022						101.LAB

GL 2021 FORM 10-K

Exhibit No.						Description						Form						Filing Date						Related Exhibit						Page of this Report
101.PRE						Inline XBRL Taxonomy Extension Presentation Linkbase Document.						10-K						February 23, 2022						101.PRE
101.DEF						Inline XBRL Taxonomy Extension Definition Linkbase Document.						10-K						February 23, 2022						101.DEF
104						Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101).						10-K						February 23, 2022						104

• Compensatory plan or arrangement.

** To be filed with the Securities and Exchange Commission within 120 days after the fiscal year ended December 31, 2021.

GL 2021 FORM 10-K

Exhibit 21. Subsidiaries of the Registrant: The following table lists subsidiaries of the registrant which meet the definition of “significant subsidiary” according to Regulation S-X:

Name Under Which Company Does Business						State of Incorporation						Distribution Channel (Division)
Globe Life And Accident Insurance Company						Nebraska						Direct to Consumer
American Income Life Insurance Company						Indiana						American Income Life Division
Liberty National Life Insurance Company						Nebraska						Liberty National Division
Family Heritage Life Insurance Company of America						Ohio						Family Heritage Division

While United American Insurance Company (Nebraska) does not qualify as a significant subsidiary in accordance with Regulation S-X, management views this subsidiary as significant to our operations.

All other exhibits required by Regulation S-K are listed as to location in the “Index of documents filed as a part of this report” in this report. Exhibits not referred to have been omitted as inapplicable or not required.

GL 2021 FORM 10-K

Globe Life Inc.

(PARENT COMPANY)

SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT

Condensed Balance Sheets

(Dollar amounts in thousands)

			December 31,
			2021						2020
Assets:
Investments:
Long-term investments			$	31,384					$	32,861
Short-term investments			—						19,300
Total investments			31,384						52,161
Cash			20,228						1,644
Investment in affiliates			10,618,826						10,526,982
Due from affiliates			170,983						322,278
Taxes receivable from affiliates			33,229						51,041
Other assets			185,143						184,588
Total assets			$	11,059,793					$	11,138,694
Liabilities:
Short-term debt			$	629,607					$	254,918
Long-term debt			1,546,494						1,817,798
Other liabilities			240,886						294,886
Total liabilities			2,416,987						2,367,602
Shareholders’ equity:
Preferred stock			351						351
Common stock			109,218						113,218
Additional paid-in capital			871,075						877,946
Accumulated other comprehensive income			2,677,583						3,029,244
Retained earnings			6,182,100						5,874,109
Treasury stock			(1,197,521)						(1,123,776)
Total shareholders’ equity			8,642,806						8,771,092
Total liabilities and shareholders’ equity			$	11,059,793					$	11,138,694

See Notes to Condensed Financial Statements and accompanying Report of Independent Registered

Public Accounting Firm.

GL 2021 FORM 10-K

Globe Life Inc.

(PARENT COMPANY)

SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT (continued)

Condensed Statement of Operations

(Dollar amounts in thousands)

			Year Ended December 31,
			2021						2020						2019
Net investment income			$	32,816					$	30,199					$	28,869
Realized gains (losses)			(5,682)						12,792						—
Total revenue			27,134						42,991						28,869
General operating expenses			51,378						57,679						68,419
Reimbursements from affiliates			(57,504)						(68,556)						(65,928)
Interest expense			86,751						90,197						89,317
Total expenses			80,625						79,320						91,808
Operating income (loss) before income taxes and equity in earnings of affiliates			(53,491)						(36,329)						(62,939)
Income tax expense			9,682						7,773						13,133
Net operating loss before equity in earnings of affiliates			(43,809)						(28,556)						(49,806)
Equity in earnings of affiliates, net of tax			788,768						760,329						810,596
Net income			744,959						731,773						760,790
Other comprehensive income (loss):
Attributable to Parent Company			58,903						(21,477)						(11,379)
Attributable to affiliates			(410,564)						1,205,891						1,536,734
Comprehensive income (loss)			$	393,298					$	1,916,187					$	2,286,145

See Notes to Condensed Financial Statements and accompanying Report of Independent Registered

Public Accounting Firm.

GL 2021 FORM 10-K

Globe Life Inc.

(PARENT COMPANY)

SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT—(continued)

Condensed Statement of Cash Flows

(Dollar amounts in thousands)

			Year Ended December 31,
			2021						2020						2019
Net income			$	744,959					$	731,773					$	760,790
Equity in earnings of affiliates			(788,768)						(760,329)						(810,596)
Cash dividends from subsidiaries			478,535						485,871						479,988
Other, net			58,617						21,129						65,584
Cash provided from operations			493,343						478,444						495,766
Cash provided from (used for) investing activities:
Net decrease (increase) in short-term investments			19,300						(15,899)						(3,380)
Investment in subsidiaries			(159,924)						(7,875)						—
Other long-term investments			(2,500)						—						—
Additions to properties			—						—						(32)
Loaned money to affiliates			(1,049,932)						(1,008,860)						(501,764)
Repayments from affiliates			1,200,932						782,860						501,764
Cash provided from (used for) investing activities			7,876						(249,774)						(3,412)
Cash provided from (used for) financing activities:
Repayment of debt			(300,000)						(386,875)						(6,875)
Proceeds from issuance of debt			325,000						700,000						—
Payment for debt issuance costs			(7,687)						(5,844)						—
Net issuance (repayment) of commercial paper			74,974						(34,445)						(11,610)
Issuance of stock			69,826						48,093						82,771
Acquisitions of treasury stock			(541,435)						(443,866)						(459,569)
Borrowed money from affiliate			32,000						76,000						277,000
Repayments to affiliates			(32,000)						(79,500)						(276,500)
Payment of dividends			(103,313)						(101,462)						(97,458)
Cash provided from (used for) financing activities			(482,635)						(227,899)						(492,241)
Net increase (decrease) in cash			18,584						771						113
Cash balance at beginning of period			1,644						873						760
Cash balance at end of period			$	20,228					$	1,644					$	873

See Notes to Condensed Financial Statements and accompanying Report of Independent Registered

Public Accounting Firm.

GL 2021 FORM 10-K

Globe Life Inc.

(PARENT COMPANY)

SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT (continued)

Notes to Condensed Financial Statements

(Dollar amounts in thousands)

Note A—Dividends from Subsidiaries

Cash dividends paid to Globe Life from the subsidiaries were as follows:

			Year Ended December 31,
			2021						2020						2019
Dividends from subsidiaries			$	478,535					$	485,871					$	479,988

Note B—Supplemental Disclosures of Cash Flow Information

The following table summarizes non-cash transactions, which are not reflected on the Condensed Statements of Cash Flows:

			Year Ended December 31,
			2021						2020						2019
Stock-based compensation not involving cash			$	30,272					$	35,892					$	44,843
Contribution of property to subsidiary			5,004						—						—

The following table summarizes certain amounts paid (received) during the period:

			Year Ended December 31,
			2021						2020						2019
Interest paid			$	86,206					$	86,504					$	86,868
Income taxes paid (received)			(11,838)						(12,744)						(16,617)

Note C—Preferred Stock

As of December 31, 2021, Globe Life had 351 thousand shares of Cumulative Preferred Stock, Series A, issued and outstanding, of which 280 thousand shares were 6.50% Cumulative Preferred Stock, Series A, and 71 thousand shares were 7.15% Cumulative Preferred Stock, Series A (collectively, the “Series A Preferred Stock”). All issued and outstanding shares of Series A Preferred Stock were held by wholly-owned insurance subsidiaries. In the event of liquidation, the holders of the Series A Preferred Stock at the time outstanding would be entitled to receive a liquidating distribution out of the assets legally available to stockholders in the amount of $1 thousand per share or $351 million in the aggregate, plus any accrued and unpaid dividends, before any distribution is made to holders of Globe Life common stock. Holders of Series A Preferred Stock do not have any voting rights nor have rights to convert such shares into shares of any other class of Globe Life capital stock.

See accompanying Report of Independent Registered Public Accounting Firm.

GL 2021 FORM 10-K

Globe Life Inc.

SCHEDULE IV. REINSURANCE (CONSOLIDATED)

(Dollar Amounts in thousands)

			Gross Amount						Ceded to Other Companies**(1)**						Assumed from Other Companies						Net Amount						Percentage of Amount Assumed to Net
For the Year Ended December 31, 2021
Life insurance in force			$	217,350,660					$	648,766					$	2,371,163					$	219,073,057					1.1
Premiums(2):
Life insurance			$	2,868,759					$	4,286					$	19,502					$	2,883,975					0.7
Health insurance			1,192,567						3,312						12,421						1,201,676						1.0
Total premium			$	4,061,326					$	7,598					$	31,923					$	4,085,651					0.8
For the Year Ended December 31, 2020
Life insurance in force			$	203,894,460					$	669,063					$	2,551,770					$	205,777,167					1.2
Premiums(2):
Life insurance			$	2,642,555					$	4,241					$	19,775					$	2,658,089					0.7
Health insurance			1,144,470						3,373						—						1,141,097						—
Total premium			$	3,787,025					$	7,614					$	19,775					$	3,799,186					0.5
For the Year Ended December 31, 2019
Life insurance in force			$	191,249,516					$	676,988					$	2,774,388					$	193,346,916					1.4
Premiums(2):
Life insurance			$	2,486,127					$	4,357					$	20,384					$	2,502,154					0.8
Health insurance			1,080,869						3,523						—						1,077,346						—
Total premium			$	3,566,996					$	7,880					$	20,384					$	3,579,500					0.6

(1)No amounts have been netted against ceded premium.

(2)Excludes policy charges of $14.2 million, $14.7 million, and $15.6 million in each of the years 2021, 2020, and 2019, respectively.

See accompanying Report of Independent Registered Public Accounting Firm.

GL 2021 FORM 10-K

SIGNATURES

Pursuant to the requirements of Section 12 or 15(d) of the Securities Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			Globe Life Inc.
			By:			/s/ GARY L. COLEMAN
						Gary L. Coleman
						Co-Chairman and Chief Executive Officer and Director
			By:			/s/ LARRY M. HUTCHISON
						Larry M. Hutchison
						Co-Chairman and Chief Executive Officer and Director
			By:			/s/ FRANK M. SVOBODA
						Frank M. Svoboda
						Executive Vice President and Chief Financial Officer
			By:			/s/ M. SHANE HENRIE
						M. Shane Henrie
						Corporate Senior Vice President and Chief Accounting Officer

Date: February 23, 2022

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:			/s/ CHARLES E. ADAIR *						By:			/s/ JANE BUCHAN *
			Charles E. Adair									Jane M. Buchan
			Director									Director
By:			/s/ LINDA L. ADDISON *						By:			/s/ ROBERT W. INGRAM *
			Linda L. Addison									Robert W. Ingram
			Director									Director
By:			/s/ MARILYN A. ALEXANDER *						By:			/s/ STEVEN P. JOHNSON *
			Marilyn A. Alexander									Steven P. Johnson
			Director									Director
By:			/s/ CHERYL D. ALSTON *						By:			/s/ DARREN M. REBELEZ *
			Cheryl D. Alston									Darren M. Rebelez
			Director									Director
By:			/s/ MARK A. BLINN *						By:			/s/ MARY E. THIGPEN *
			Mark A. Blinn									Mary E. Thigpen
			Director									Director
By:			/s/ JAMES P. BRANNEN *
			James P. Brannen
			Director

Date: February 23, 2022
*By:			/s/ FRANK M. SVOBODA
			Frank M. Svoboda
			Attorney-in-fact

GL 2021 FORM 10-K