GLOBE LIFE INC. TMK Balance Sheet

Globe life inc. (TMK)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09	Sep'09	Jun'09	Dec'08
Assets:
Investments:
Fixed maturities—available for sale, at fair value (amortized cost: 2020—$16,371,944; 2019—$16,415,776, allowance for credit losses: 2020— $31,854; 2019— $0)
17,879	18,907	18,797	17,934	17,223	16,297	16,231	16,284	16,635	16,969	16,652	16,318	15,874	15,245	15,837	15,440	14,459	13,758	14,080	14,121	14,894	14,493	14,153	14,128	13,618	12,879	12,756	12,862	13,571	13,541	12,503	12,308	11,954	11,888	11,657	11,025	10,679	10,543	10,965	10,924	9,104	9,053	8,068	7,817
Equity securities, at fair value (cost: 2016$776; 2015$776)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	1	1	1	1	1	1	1	1	1	1	1	15	16	16	17	17	17	17	16	17	17	16	16	16	17	16
Policy loans
579	575	568	560	555	550	543	537	532	529	523	516	510	507	499	501	496	492	486	479	474	472	464	457	451	448	441	433	428	424	417	410	404	400	395	387	382	378	370	396	352	375	368	360
Other long-term investments (includes: 2020—$211,791; 2019—$185,851 under the fair value option)
377	326	315	289	231	207	191	181	168	108	70	55	53	53	57	58	37	38	8	11	10	10	11	12	12	13	14	15	15	18	25	25	25	26	25	26	41	42	42	43	52	55	56	72
Short-term investments
272	38	77	74	125	63	633	68	80	127	65	94	120	72	65	48	144	54	63	28	91	15	79	48	109	76	135	103	176	94	386	109	55	21	48	20	271	216	119	254	298	250	628	130
Total investments
19,108	19,847	19,759	18,858	18,136	17,118	17,599	17,072	17,416	17,734	17,311	16,984	16,559	15,879	16,459	16,048	15,139	14,343	14,640	14,642	15,472	14,992	14,710	14,648	14,193	13,420	13,350	13,415	14,192	14,094	13,348	12,871	12,457	12,353	12,143	11,476	11,391	11,197	11,515	11,634	9,823	9,751	9,139	8,397
Cash
90	75	66	89	67	121	77	82	88	118	88	97	61	76	104	49	12	61	59	62	3	66	66	45	40	36	38	44	25	61	298	70	78	84	175	90	283	365	30	27	231	171	339	46
Accrued investment income
258	245	253	247	255	243	244	237	240	233	238	228	235	223	224	216	221	209	215	206	213	204	211	202	209	200	203	196	205	195	196	193	199	192	193	188	193	183	191	191	168	177	172	176
Receivable from sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	669	-	-
Other receivables
441	441	432	425	419	415	406	407	396	391	389	380	370	384	361	358	349	344	676	627	565	327	499	425	372	331	412	388	393	383	334	308	264	253	232	223	254	230	205	200	192	211	228	151
Deferred acquisition costs
4,386	4,341	4,281	4,232	4,185	4,137	4,091	4,045	4,002	3,958	3,911	3,862	3,821	3,783	3,739	3,698	3,656	3,617	3,585	3,550	3,510	3,457	3,433	3,398	3,363	3,337	3,306	3,262	3,229	3,198	2,994	2,966	2,951	2,916	3,447	3,454	3,429	2,869	3,355	3,460	3,319	3,417	3,435	3,395
Goodwill
441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	441	396	396	396	396	396	396	396	396	396	423	396	423	423	423
Low-income housing interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	255	264	273	-	-	-	-	-	-	-	-	-	-	-
Other assets
624	583	557	561	559	549	538	522	527	528	544	515	513	520	504	509	511	522	500	488	488	493	506	489	442	424	383	390	391	401	114	113	113	391	380	387	376	378	375	298	234	238	230	180
Assets related to discontinued operations
-	-	0	0	68	68	68	68	68	68	68	68	83	127	241	250	287	312	-	-	-	288	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,645	-	1,656	-	-	-
Separate account assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	713	-	788	738	758
Total assets
25,351	25,977	25,791	24,855	24,133	23,095	23,469	22,878	23,182	23,474	22,993	22,577	22,086	21,436	22,077	21,574	20,621	19,853	20,119	20,020	20,696	20,272	19,870	19,651	19,063	18,191	18,137	18,141	18,878	18,776	17,939	17,185	16,734	16,588	16,971	16,218	16,325	15,622	17,716	16,950	16,023	15,849	14,707	13,529
Liabilities:
Future policy benefits
14,617	14,508	14,358	14,218	14,084	13,953	13,842	13,702	13,571	13,439	13,298	13,127	12,972	12,825	12,678	12,544	12,394	12,245	12,117	12,004	11,871	11,750	11,638	11,521	11,376	11,256	11,118	10,967	10,839	10,706	9,958	9,820	9,704	9,572	9,470	9,375	9,263	9,150	9,031	9,369	8,629	8,992	8,816	8,475
Unearned and advance premium
67	63	62	66	66	61	62	66	67	61	61	69	70	64	63	72	71	67	70	76	74	71	74	74	77	74	78	79	80	76	70	71	74	69	73	76	78	74	79	83	81	84	86	85
Policy claims and other benefits payable
364	365	351	351	357	350	337	329	333	333	318	307	301	299	281	265	269	272	245	232	222	254	227	213	231	223	248	228	226	228	236	221	241	222	227	211	229	221	218	226	211	221	218	236
Other policyholders' funds
96	96	95	95	96	97	97	96	97	97	97	97	97	96	96	96	95	95	95	95	95	95	96	96	95	94	94	94	93	93	93	92	93	92	92	92	91	91	90	90	90	90	89	89
Total policy liabilities
15,145	15,033	14,868	14,732	14,605	14,463	14,339	14,195	14,069	13,931	13,775	13,601	13,441	13,286	13,119	12,979	12,830	12,681	12,529	12,409	12,264	12,171	12,037	11,906	11,781	11,647	11,540	11,369	11,240	11,104	10,357	10,207	10,113	9,956	9,862	9,755	9,663	9,537	9,419	9,769	9,011	9,388	9,211	8,886
Current and deferred income taxes
1,295	1,476	1,498	1,351	1,225	1,047	1,072	1,098	1,216	1,312	2,069	2,009	1,864	1,743	2,023	1,887	1,665	1,450	1,588	1,564	1,919	1,786	1,695	1,647	1,528	1,285	1,272	1,300	1,603	1,609	1,612	1,460	1,332	1,319	1,501	1,278	1,248	1,021	1,340	1,204	964	959	613	419
Short-term debt
458	298	233	257	294	307	615	671	365	328	309	306	327	264	266	286	557	490	618	636	258	238	290	274	264	229	227	348	368	319	319	319	224	224	225	199	200	198	188	200	233	233	337	403
Other liabilities
585	525	528	460	557	453	493	474	528	489	492	436	563	413	384	349	382	380	355	360	377	347	325	322	309	261	330	309	370	392	251	283	313	312	283	290	339	284	310	203	174	245	264	215
Long-term debt (estimated fair value: 2019—$1,458,751; 2018—$1,384,455)
1,346	1,348	1,351	1,353	1,355	1,357	1,358	817	1,131	1,132	1,130	1,131	1,132	1,133	1,133	1,133	743	743	743	743	992	992	991	991	991	990	990	990	989	989	965	791	790	790	790	790	789	789	789	789	796	795	795	499
Liabilities related to discontinued operations
-	-	0	0	51	51	50	49	50	49	49	39	13	27	62	60	49	51	-	-	-	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,274	-	1,320	-	-	-
Due to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124	124	124	124	124	124	124	124	124	124	124	124	124	124
Separate account liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	713	-	788	738	758
Total liabilities
18,831	18,683	18,479	18,155	18,090	17,680	17,930	17,307	17,362	17,243	17,825	17,524	17,342	16,869	16,990	16,696	16,229	15,797	15,835	15,714	15,812	15,574	15,340	15,142	14,875	14,415	14,360	14,318	14,574	14,415	13,630	13,187	12,900	12,728	12,788	12,438	12,366	11,955	13,448	13,004	12,624	12,534	12,084	11,306
Commitments and Contingencies (Note 5)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholders' equity:
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2020 and 2019
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2020—117,218,183 issued; 2019— 117,218,183 issued)
117	117	121	121	121	121	124	124	124	124	127	127	127	127	130	130	130	130	134	134	134	134	139	139	100	151	105	105	105	105	112	112	112	112	119	119	79	119	83	83	83	85	85	85
Additional paid-in-capital
519	531	538	526	518	524	527	517	508	508	508	500	491	490	496	489	482	482	488	476	462	457	460	450	473	462	471	460	450	439	453	443	437	425	445	439	441	432	447	443	441	449	446	446
Accumulated other comprehensive income (loss)
1,066	1,844	1,943	1,439	870	319	477	603	940	1,424	1,039	984	722	577	1,142	989	535	231	499	555	1,165	997	882	887	606	210	237	333	850	925	960	734	501	549	545	153	55	23	356	72	-319	-297	-896	-1,170
Retained earnings
5,686	5,551	5,686	5,514	5,364	5,213	5,267	5,115	4,955	4,806	4,239	4,112	3,994	3,890	3,934	3,817	3,715	3,614	3,686	3,568	3,472	3,376	3,443	3,329	3,659	3,495	3,724	3,613	3,498	3,403	3,568	3,462	3,349	3,264	3,813	3,693	3,599	3,124	3,554	3,452	3,228	3,185	3,096	2,928
Treasury stock, at cost: (2020—10,783,915 shares; 2019—9,497,940 shares)
869	750	976	901	831	763	858	788	708	631	746	671	591	519	616	549	471	403	525	428	351	268	396	298	651	543	761	690	600	512	786	754	566	492	741	625	216	32	174	107	36	107	109	67
Total shareholders' equity
6,520	7,294	7,312	6,700	6,043	5,415	5,538	5,571	5,820	6,231	5,167	5,053	4,744	4,566	5,086	4,877	4,391	4,055	4,283	4,306	4,883	4,697	4,529	4,508	4,188	3,776	3,776	3,822	4,304	4,361	4,308	3,997	3,834	3,859	4,183	3,780	3,959	3,667	4,267	3,945	3,398	3,315	2,622	2,222
Total liabilities and shareholders' equity
25,351	25,977	25,791	24,855	24,133	23,095	23,469	22,878	23,182	23,474	22,993	22,577	22,086	21,436	22,077	21,574	20,621	19,853	20,119	20,020	20,696	20,272	19,870	19,651	19,063	18,191	18,137	18,141	18,878	18,776	17,939	17,185	16,734	16,588	16,971	16,218	16,325	15,622	17,716	16,950	16,023	15,849	14,707	13,529