GL 10-K Annual Report Dec. 31, 2023 | Alphaminr

GL 10-K Fiscal year ended Dec. 31, 2023

GLOBE LIFE INC.
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TABLE OF CONTENTS
Part IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 1C. CybersecurityItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresPart IIItem 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesItem 6. [reserved]Item 7. Management's Discussion and Analysis Of Financial Condition and Results Of OperationsItem 7A. Quantitative and Qualitative Disclosures About Market RiskItem 8. Financial Statements and Supplementary DataNote 1 Significant Accounting PoliciesNote 2 Statutory AccountingNote 3 Supplemental Information About Changes To Accumulated Other Comprehensive IncomeNote 4 InvestmentsNote 5 Commitments and ContingenciesNote 6 Policy LiabilitiesNote 7 Deferred Acquisition CostsNote 8 Liability For Unpaid ClaimsNote 9 Income TaxesNote 10 Postretirement BenefitsNote 11 Supplemental Disclosures Of Cash Flow InformationNote 12 DebtNote 13 Shareholders' EquityNote 14 Stock-based CompensationNote 15 Business SegmentsNote 16 Selected Quarterly Data (unaudited)Item 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosuresItem 9A. Controls and ProceduresItem 9B. Other InformationItem 9C. Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsPart IIIItem 10. Directors, Executive Officers and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13. Certain Relationships and Related Transactions and Director IndependenceItem 14. Principal Accountant Fees and ServicesPart IVItem 15. Exhibits and Financial Statement Schedules

Exhibits

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 4.2 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 10.3 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 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 SecondAmendment 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 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 Planwith 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 Planwith Non-Compete, Non-Solicitand 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 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