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, 2023 and 2022			57
Consolidated Statements of Operations for each of the three years in the period ended December 31, 2023			58
Consolidated Statements of Comprehensive Income for each of the three years in the period ended December 31, 2023			59
Consolidated Statements of Shareholders’ Equity for each of the three years in the period ended December 31, 2023			60
Consolidated Statements of Cash Flows for each of the three years in the period ended December 31, 2023			61
Notes to Consolidated Financial Statements			62
Schedules Supporting Financial Statements for each of the three years in the period ended December 31, 2023:
II. Condensed Financial Information of Registrant (Parent Company)			150
IV. Reinsurance (Consolidated)			154
Schedules not referred to have been omitted as inapplicable or not required by Regulation S-X.

GL 2023 FORM 10-K

EXHIBITS

Exhibit No.						Description						Form						Filing Date
3.1						Restated Certificate of Incorporation of Globe Life Inc.						8-K						August 8, 2019
3.2						Certificate of Amendment of Certificate of Incorporation of Globe Life Inc.						8-K						May 2, 2023
3.3						Amended and Restated By-Laws of Globe Life Inc., as amended August 10, 2023						8-K						August 15, 2023
4.1						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
4.2						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
4.3						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
4.4						Senior Indenture, dated as of September 24, 2018, between Torchmark Corporation and Regions Bank, as Trustee						S-3						September 24, 2018
4.5						First Supplemental Indenture, dated as of September 27, 2018, between Torchmark Corporation and Regions Bank, as Trustee						8-K						September 27, 2018
4.6						Second Supplemental Indenture, dated as of August 21, 2020, between Globe Life Inc. and Regions Bank, as Trustee						8-K						August 21, 2020
4.7						Third Supplemental Indenture, dated as of May 19, 2022, between Globe Life Inc. and Regions Bank, as Trustee						8-K						May 19, 2022
10.1						Form of Retirement Life Insurance Benefit Agreement ($1,995,000 face amount limit)*						10-K						March 22, 2002
10.2						Form of Retirement Life Insurance Benefit Agreement ($495,000 face amount limit)*						10-K						March 22, 2002
10.3						Torchmark Corporation Supplemental Executive Retirement Plan*						8-K						January 25, 2007
10.4						Amendment No. 1 to the Torchmark Corporation Supplemental Executive Retirement Plan*						10-K						February 29, 2008
10.5						Amendment No. 2 to the Torchmark Corporation Supplemental Executive Retirement Plan*						10-K						February 29, 2008
10.6						Amendment Three to the Torchmark Corporation Supplemental Executive Retirement Plan*						10-K						February 27, 2009
10.7						Amendment Four to the Torchmark Corporation Supplemental Executive Retirement Plan*						10-K						February 27, 2020
10.8						Amendment Five to the Torchmark Corporation Supplemental Executive Retirement Plan*						8-K						May 5, 2015
10.9						Amendment Six to the Torchmark Corporation Supplemental Executive Retirement Plan*						10-K						March 1, 2019
10.10						Amendment Seven to the Torchmark Corporation Supplemental Executive Retirement Plan*						10-Q						November 5, 2020
10.11						Torchmark Corporation Non-Employee Director Compensation Plan, as amended and restated*						8-K						April 29, 2008
10.12						Form of Restricted Stock Unit Award Notice under Torchmark Corporation Non-Employee Director Compensation Plan*						10-K						February 29, 2008

GL 2023 FORM 10-K

Exhibit No.						Description						Form						Filing Date
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
10.14						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
10.15						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
10.16						Torchmark Corporation 2011 Incentive Plan*						8-K						May 4, 2011
10.17						First Amendment to Torchmark Corporation 2011 Incentive Plan*						8-K						April 29, 2014
10.18						Form of Ten year Stock Option under Torchmark Corporation 2011 Incentive Plan*						8-K						May 4, 2011
10.19						Form of Seven year Stock Option under Torchmark Corporation 2011 Incentive Plan*						8-K						May 4, 2011
10.20						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
10.21						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
10.22						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
10.23						Torchmark Corporation Amended 2011 Non-Employee Director Compensation Plan, effective January, 2017*						10-K						February 27, 2017
10.24						Form of Restricted Stock Unit Award Notice under Torchmark Corporation 2011 Non-Employee Director Compensation Plan*						10-K						February 28, 2011
10.25						Torchmark Corporation 2018 Incentive Plan*						8-K						May 2, 2018
10.26						First Amendment to Torchmark Corporation 2018 Incentive Plan*						10-K						February 27, 2020
10.27						Second Amendment to Globe Life Inc. 2018 Incentive Plan*						10-Q						May 9, 2023
10.28						Second Amended and Restated Globe Life Inc. 2018 Non-Employee Director Compensation Plan*						10-K						February 28, 2024
10.29						Form of Performance Share Award under Torchmark Corporation 2018 Incentive Plan*						8-K						May 2, 2018
10.30						Form of Performance Share Award under Globe Life Inc. 2018 Incentive Plan*						10-K						February 27, 2020
10.31						Form of Performance Share Award under Globe Life Inc. 2018 Incentive Plan (2021)*						10-K						February 25, 2021
10.32						Form of Performance Share Award under Globe Life Inc. 2018 Incentive Plan (2022)*						10-K						February 23, 2022
10.33						Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan*						10-K						February 27, 2020
10.34						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
10.35						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
10.36						Form of Ten Year Stock Option under Torchmark Corporation 2018 Incentive Plan*						8-K						May 2, 2018

GL 2023 FORM 10-K

Exhibit No.						Description						Form						Filing Date
10.37						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
10.38						Form of Stock Option under Globe Life Inc. 2018 Non-Employee Director Compensation Plan*						10-K						February 27, 2020
10.39						Form of Restricted Stock under Globe Life Inc. 2018 Non-Employee Director Compensation Plan*						10-K						February 27, 2020
10.40						Form of Restricted Stock Unit Award Notice under Globe Life Inc. 2018 Non-Employee Director Compensation Plan*						10-K						February 27, 2020
10.41						Torchmark Corporation 2019 Management Incentive Plan (Effective as of January 1, 2019)*						8-K						March 4, 2019
10.42						Globe Life Inc. Management Incentive Plan (Effective as of January 1, 2024)*						8-K						November 9, 2023
10.43						The Globe Life Inc. Amended and Restated Pension Plan Generally Effective as of January 1, 2020*						10-Q						November 5, 2020
10.44						Globe Life Inc. Savings and Investment Plan*						10-K						February 27, 2020
10.45						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
10.46						First Amendment to Amended and Restated Credit Agreement dated January 10, 2023 among Bank of America, N.A., the Lenders party thereto, Globe Life Inc. and TMK RE, LTD.						10-K						February 23, 2023
10.47						Form of Performance Share Award Certificate under Globe Life Inc. 2018 Incentive Plan (2023)*						10-K						February 23, 2023
10.48						Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan (2023)*						10-K						February 23, 2023
10.49						Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (2023)*						10-K						February 23, 2023
10.50						Form of Restricted Stock Unit Award Certificate under Globe Life Inc. 2018 Incentive Plan*						10-K						February 23, 2023
10.51						Form of Restricted Stock Unit Award Certificate under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions*						10-K						February 23, 2023
10.52						Delayed Draw Term Loan Agreement dated as of April 14, 2023 among Bank of America, N.A., as Administrative Agent, the Lenders party thereto, and Globe Life Inc.						8-K						April 18, 2023
10.53						Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan (2024)*						10-K						February 28, 2024
10.54						Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (2024)*						10-K						February 28, 2024
10.55						Form of Seven Year Stock Option under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (Special) (2024)*						10-K						February 28, 2024
10.56						Form of Restricted Stock Unit Award Certificate under Globe Life Inc. 2018 Incentive Plan (2024)*						10-K						February 28, 2024
10.57						Form of Restricted Stock Unit Award Certificate under Globe Life Inc. 2018 Incentive Plan with Non-Compete, Non-Solicit and Confidentiality Provisions (2024)*						10-K						February 28, 2024
10.58						Form of Performance Share Award Certificate under Globe Life Inc. 2018 Incentive Plan (2024)*						10-K						February 28, 2024

GL 2023 FORM 10-K

Exhibit No.						Description						Form						Filing Date
21						Subsidiaries of the Registrant						10-K						February 28, 2024
23						Consent of Deloitte & Touche LLP						10-K						February 28, 2024
24						Powers of Attorney						10-K						February 28, 2024
31.1						Rule 13a-14(a)/15d-14(a) Certification by J. Matthew Darden						10-K						February 28, 2024
31.2						Rule 13a-14(a)/15d-14(a) Certification by Frank M. Svoboda						10-K						February 28, 2024
31.3						Rule 13a-14(a)/15d-14(a) Certification by Thomas P. Kalmbach						10-K						February 28, 2024
32.1						Section 1350 Certification by J. Matthew Darden, Frank M. Svoboda, and Thomas P. Kalmbach						10-K						February 28, 2024
97						Globe Life Inc. Clawback Policy						10-K						February 28, 2024
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 28, 2024
101.SCH						Inline XBRL Taxonomy Extension Schema Document.						10-K						February 28, 2024
101.CAL						Inline XBRL Taxonomy Extension Calculation Linkbase Document.						10-K						February 28, 2024
101.LAB						Inline XBRL Taxonomy Extension Label Linkbase Document.						10-K						February 28, 2024
101.PRE						Inline XBRL Taxonomy Extension Presentation Linkbase Document.						10-K						February 28, 2024
101.DEF						Inline XBRL Taxonomy Extension Definition Linkbase Document.						10-K						February 28, 2024
104						Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101).						10-K						February 28, 2024

• Compensatory plan or arrangement.

GL 2023 FORM 10-K

Globe Life Inc.

(PARENT COMPANY)

SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT

Condensed Balance Sheets

(Dollar amounts in thousands)

			December 31,
			2023						2022
Assets:
Investments:
Long-term investments			$	42,360					$	31,651
Short-term investments			1,005						15,001
Total investments			43,365						46,652
Cash			1,003						58
Investment in affiliates			6,539,183						5,940,586
Due from affiliates			105,279						131,353
Taxes receivable from affiliates			14,163						14,161
Other assets			181,443						173,044
Total assets			$	6,884,436					$	6,305,854
Liabilities:
Short-term debt			$	486,113					$	449,103
Long-term debt			1,779,137						1,777,490
Other liabilities			132,383						129,684
Total liabilities			2,397,633						2,356,277
Shareholders’ equity:
Preferred stock			351						351
Common stock			102,218						105,218
Additional paid-in capital			882,985						880,172
Accumulated other comprehensive income			(2,772,419)						(2,790,313)
Retained earnings			7,478,813						6,894,535
Treasury stock			(1,205,145)						(1,140,386)
Total shareholders’ equity			4,486,803						3,949,577
Total liabilities and shareholders’ equity			$	6,884,436					$	6,305,854

Prior period amounts have been adjusted for the adoption of ASU 2018-12 on January 1, 2023.

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

Public Accounting Firm.

GL 2023 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,
			2023						2022						2021
Net investment income			$	36,237					$	33,664					$	32,816
Realized gains (losses)			5,924						(9,643)						(5,682)
Total revenue			42,161						24,021						27,134
General operating expenses			59,051						59,307						51,378
Reimbursements from affiliates			(59,796)						(51,312)						(57,504)
Interest expense			107,180						97,051						86,751
Total expenses			106,435						105,046						80,625
Operating income (loss) before income taxes and equity in earnings of affiliates			(64,274)						(81,025)						(53,491)
Income tax expense			10,706						12,426						9,682
Net operating loss before equity in earnings of affiliates			(53,568)						(68,599)						(43,809)
Equity in earnings of affiliates, net of tax			1,024,323						962,985						1,074,923
Net income			970,755						894,386						1,031,114
Other comprehensive income (loss):
Attributable to Parent Company			1,113						75,076						58,903
Attributable to affiliates			16,781						1,369,659						501,854
Comprehensive income (loss)			$	988,649					$	2,339,121					$	1,591,871

Prior period amounts have been adjusted for the adoption of ASU 2018-12 on January 1, 2023.

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

Public Accounting Firm.

GL 2023 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,
			2023						2022						2021
Net income			$	970,755					$	894,386					$	1,031,114
Equity in earnings of affiliates			(1,024,323)						(962,985)						(1,074,923)
Cash dividends from subsidiaries			459,535						407,042						478,535
Other, net			33,846						26,444						58,617
Cash provided from operations			439,813						364,887						493,343
Cash provided from (used for) investing activities:
Net decrease (increase) in short-term investments			13,996						(15,001)						19,300
Investment in subsidiaries			—						(10,010)						(159,924)
Other long-term investments			(3,950)						(2,000)						(2,500)
Loaned money to affiliates			(479,629)						(846,002)						(1,049,932)
Repayments from affiliates			505,929						886,002						1,200,932
Additions to properties			(7,400)						—						—
Cash provided from (used for) investing activities			28,946						12,989						7,876
Cash provided from (used for) financing activities:
Repayment of debt			(165,612)						(300,000)						(300,000)
Proceeds from issuance of debt			170,000						400,000						325,000
Payment for debt issuance costs			(757)						(5,272)						(7,687)
Net borrowing (repayment) of commercial paper			32,961						(46,289)						74,974
Issuance of stock			114,080						111,970						69,826
Acquisitions of treasury stock			(511,100)						(454,638)						(541,435)
Borrowed money from affiliate			290,500						22,400						32,000
Repayments to affiliates			(290,500)						(22,400)						(32,000)
Payment of dividends			(107,386)						(103,817)						(103,313)
Cash provided from (used for) financing activities			(467,814)						(398,046)						(482,635)
Net increase (decrease) in cash			945						(20,170)						18,584
Cash balance at beginning of period			58						20,228						1,644
Cash balance at end of period			$	1,003					$	58					$	20,228

Prior period amounts have been adjusted for the adoption of ASU 2018-12 on January 1, 2023.

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

Public Accounting Firm.

GL 2023 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,
			2023						2022						2021
Dividends from subsidiaries			$	459,535					$	407,042					$	478,535

Note B—Supplemental Disclosures of Cash Flow Information

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

			Year Ended December 31,
			2023						2022						2021
Stock-based compensation not involving cash			$	30,736					$	35,650					$	30,272
Contribution of property to subsidiary			—						—						5,004

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

			Year Ended December 31,
			2023						2022						2021
Interest paid			$	104,493					$	96,903					$	86,206
Income taxes paid (received)			(10,408)						(11,537)						(11,838)

Note C—Preferred Stock

As of December 31, 2023, 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 2023 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, 2023
Life insurance in force			$	225,286,002					$	685,289					$	1,996,223					$	226,596,936					0.9
Premiums(2):
Life insurance			$	3,109,838					$	4,597					$	19,104					$	3,124,345					0.6
Health insurance			1,281,720						2,720						39,773						1,318,773						3.0
Total premium			$	4,391,558					$	7,317					$	58,877					$	4,443,118					1.3
For the Year Ended December 31, 2022
Life insurance in force			$	222,098,389					$	662,569					$	2,172,728					$	223,608,548					1.0
Premiums(2):
Life insurance			$	2,999,637					$	4,361					$	19,009					$	3,014,285					0.6
Health insurance			1,238,498						3,091						47,010						1,282,417						3.7
Total premium			$	4,238,135					$	7,452					$	66,019					$	4,296,702					1.5
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			$	2,864,473					$	4,286					$	19,502					$	2,879,689					0.7
Health insurance			1,191,773						3,312						12,421						1,200,882						1.0
Total premium			$	4,056,246					$	7,598					$	31,923					$	4,080,571					0.8

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

(2)Excludes policy charges of $12.9 million, $13.5 million, and $14.2 million in each of the years 2023, 2022, and 2021, respectively.

See accompanying Report of Independent Registered Public Accounting Firm.

GL 2023 FORM 10-K

SIGNATURES

Pursuant to the requirements of Section 13 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/ J. MATTHEW DARDEN
						J. Matthew Darden
						Co-Chairman and Chief Executive Officer and Director
			By:			/s/ FRANK M. SVOBODA
						Frank M. Svoboda
						Co-Chairman and Chief Executive Officer and Director
			By:			/s/ THOMAS P. KALMBACH
						Thomas P. Kalmbach
						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 28, 2024

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/ LINDA L. ADDISON *						By:			/s/ MARILYN A. ALEXANDER *
			Linda L. Addison									Marilyn A. Alexander
			Director									Director
By:			/s/ CHERYL D. ALSTON *						By:			/s/ MARK A. BLINN *
			Cheryl D. Alston									Mark A. Blinn
			Director									Director
By:			/s/ JAMES P. BRANNEN *						By:			/s/ JANE BUCHAN *
			James P. Brannen									Jane Buchan
			Director									Director
By:			/s/ ALICE S. CHO *						By:			/s/ STEVEN P. JOHNSON *
			Alice S. Cho									Steven P. Johnson
			Director									Director
By:			/s/ DAVID A. RODRIGUEZ *						By:			/s/ MARY E. THIGPEN *
			David A. Rodriguez									Mary E. Thigpen
			Director									Director
Date: February 28, 2024									*By:			/s/ THOMAS P. KALMBACH
												Thomas P. Kalmbach
												Attorney-in-fact

GL 2023 FORM 10-K