Globe Life (GL) 10-Q9 May 232023 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2023	Apr. 28, 2023
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-08052
Entity Registrant Name	GLOBE LIFE INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	63-0780404
Entity Address, Address Line One	3700 South Stonebridge Drive
Entity Address, City or Town	McKinney
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75070
City Area Code	972
Local Phone Number	569-4000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		95,554,844
Entity Central Index Key	0000320335
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock, $1.00 par value per share
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, $1.00 par value per share
Trading Symbol	GL
Security Exchange Name	NYSE
4.250% Junior Subordinated Debentures
Entity Listings [Line Items]
Title of 12(b) Security	4.250% Junior Subordinated Debentures
Trading Symbol	GL PRD
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Investments:
Fixed maturities—available for sale, at fair value (amortized cost: 2023—$18,526,703; 2022—$18,301,692, allowance for credit losses: 2023— $32,767; 2022— $0)	$ 17,206,885	$ 16,503,365
Policy loans	622,736	614,866
Other long-term investments (includes: 2023—$789,197; 2022—$768,689 under the fair value option)	1,022,611	976,016
Short-term investments	74,377	114,121
Total investments	18,926,609	18,208,368
Cash	172,108	92,559
Accrued investment income	279,445	259,581
Other receivables	594,421	589,079
Deferred acquisition costs	5,654,438	5,535,697
Goodwill	481,791	481,791
Other assets	751,311	760,066
Total assets	26,860,123	25,927,141
Liabilities:
Future policy benefits	18,896,574	18,040,042
Unearned and advance premium	271,517	253,140
Policy claims and other benefits payable	489,296	507,219
Other policyholders' funds	142,686	123,236
Total policy liabilities	19,800,073	18,923,637
Current and deferred income taxes	427,608	434,649
Short-term debt	514,247	449,103
Long-term debt (estimated fair value: 2023—$1,484,172; 2022—$1,440,277)	1,628,354	1,627,952
Other liabilities	643,550	542,223
Total liabilities	23,013,832	21,977,564
Commitments and Contingencies (Note 5)
Shareholders' equity:
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2023 and 2022	0	0
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2023—105,218,183 issued; 2022—105,218,183 issued)	105,218	105,218
Additional paid-in-capital	528,639	529,661
Accumulated other comprehensive income (loss)	(2,961,093)	(2,790,313)
Retained earnings	7,092,544	6,894,535
Treasury stock, at cost: (2023—9,489,745 shares; 2022—8,478,288 shares)	(919,017)	(789,524)
Total shareholders' equity	3,846,291	3,949,577
Total liabilities and shareholders' equity	$ 26,860,123	$ 25,927,141

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fixed maturities, available for sale, amortized cost	$ 18,526,703	$ 18,301,692
Fixed maturities, available for sale, allowance for credit losses	32,767	0
Other long-term investments under fair value option	1,022,611	976,016
Net liabilities for future policy benefits	16,442,516	16,306,870
Total long-term debt, fair value	$ 1,484,172	$ 1,440,277
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	320,000,000	320,000,000
Common stock, shares issued (in shares)	105,218,183	105,218,183
Common stock, shares outstanding (in shares)	105,218,183	105,218,183
Common stock, shares held in treasury (in shares)	9,489,745	8,478,288
Partnership Interest - Fair Value Option \| Investment in Limited Partnerships
Other long-term investments under fair value option	$ 789,197	$ 768,689

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue:
Revenue	$ 1,095,090	$ 1,064,812
Net investment income	257,105	244,894
Realized gains (losses)	(30,927)	(7,244)
Other income	50	164
Total revenue	1,321,318	1,302,626
Benefits and expenses:
Life policyholder benefits	507,977	495,429
Health policyholder benefits	190,962	189,018
Other policyholder benefits	8,988	9,702
Total policyholder benefits	707,927	694,149
Amortization of deferred acquisition costs	92,322	84,496
Commissions, premium taxes, and non-deferred acquisition costs	137,797	125,509
Other operating expense	84,171	84,352
Interest expense	24,867	19,944
Total benefits and expenses	1,047,084	1,008,450
Income before income taxes	274,234	294,176
Income tax benefit (expense)	(50,624)	(56,692)
Net income	$ 223,610	$ 237,484
Basic net income per common share (in dollars per share)	$ 2.32	$ 2.39
Diluted net income per common share (in dollars per share)	$ 2.28	$ 2.37
Life premium
Revenue:
Revenue	$ 772,597	$ 749,128
Health premium
Revenue:
Revenue	322,493	315,684
Other
Revenue:
Revenue	$ 0	$ 0

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Life insurance
Policyholder benefits net of remeasurement gain (loss)	$ (2,697)	$ 5,783
Health premium
Policyholder benefits net of remeasurement gain (loss)	$ 2,038	$ (1,959)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net income	$ 223,610	$ 237,484
Unrealized gains (losses) on fixed maturities:
unrealized investment gains (losses)	511,276	(2,296,668)
Less applicable tax (expense) benefit	(107,368)	482,299
Unrealized gains (losses) on investments, net of tax	403,908	(1,814,369)
Future Policy Benefits:
Change in discount rate on future policy benefits	(720,890)	2,805,511
Less applicable tax (expense) benefit	151,387	(589,156)
Future policy benefit adjustments, net of tax	(569,503)	2,216,355
Foreign exchange translation:
Foreign exchange translation adjustments, other than securities	(6,516)	4,228
Less applicable tax (expense) benefit	1,368	(887)
Foreign exchange translation adjustments, other than securities, net of tax	(5,148)	3,341
Pension:
Pension adjustments	(48)	3,437
Less applicable tax (expense) benefit	11	(722)
Pension adjustments, net of tax	(37)	2,715
Other comprehensive income (loss)	(170,780)	408,042
Comprehensive income (loss)	52,830	645,526
Securities
Unrealized gains (losses) on fixed maturities:
Unrealized holding gains (losses) arising during period	469,119	(2,292,922)
Other reclassification adjustments included in net income	32,590	(4,030)
Foreign exchange adjustment on fixed maturities recorded at fair value	$ 9,567	$ 284

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Treasury Stock
Beginning balance at Dec. 31, 2021	$ 2,003,808	$ 0	$ 109,218	$ 520,564	$ (4,235,048)	$ 6,455,733	$ (846,659)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	645,526				408,042	237,484
Common dividends declared	(20,543)					(20,543)
Acquisition of treasury stock	(119,482)						(119,482)
Stock-based compensation	9,035			2,504		(345)	6,876
Exercise of stock options	25,931					(9,964)	35,895
Ending balance at Mar. 31, 2022	2,544,275	0	109,218	523,068	(3,827,006)	6,662,365	(923,370)
Beginning balance at Dec. 31, 2022	3,949,577	0	105,218	529,661	(2,790,313)	6,894,535	(789,524)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	52,830				(170,780)	223,610
Common dividends declared	(21,542)					(21,542)
Acquisition of treasury stock	(179,276)						(179,276)
Stock-based compensation	7,678			(1,022)			8,700
Exercise of stock options	37,024					(4,059)	41,083
Ending balance at Mar. 31, 2023	$ 3,846,291	$ 0	$ 105,218	$ 528,639	$ (2,961,093)	$ 7,092,544	$ (919,017)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Common dividends declared, per share (in dollars per share)	$ 0.2250	$ 0.2075

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Cash Flows [Abstract]
Cash provided from (used for) operating activities	$ 477,330	$ 397,133
Investments sold or matured:
Fixed maturities available for sale—sold	15,705	75,116
Fixed maturities available for sale—matured or other redemptions	61,560	115,160
Other long-term investments	1,950	20,929
Total investments sold or matured	79,215	211,205
Acquisition of investments:
Fixed maturities—available for sale	(285,505)	(339,145)
Other long-term investments	(47,898)	(122,010)
Total investments acquired	(333,403)	(461,155)
Net (increase) decrease in policy loans	(7,870)	(2,324)
Net (increase) decrease in short-term investments	39,744	11,801
Additions to property and equipment	(8,210)	(6,981)
Investments in low-income housing interests	(17,246)	(27,870)
Cash provided from (used for) investing activities	(247,770)	(275,324)
Cash provided from (used for) financing activities:
Issuance of common stock	37,024	25,931
Cash dividends paid to shareholders	(20,071)	(19,687)
Short-term borrowings from FHLB	45,000	0
Net borrowing (repayment) of commercial paper	20,070	42,348
Acquisition of treasury stock	(179,276)	(119,482)
Net receipts (payments) from deposit-type products	(54,487)	(13,810)
Cash provided from (used for) financing activities	(151,740)	(84,700)
Effect of foreign exchange rate changes on cash	1,729	(1,644)
Net increase (decrease) in cash	79,549	35,465
Cash at beginning of year	92,559	92,163
Cash at end of period	$ 172,108	$ 127,628

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
Significant Accounting Policies	Mar. 31, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	Note 1—Significant Accounting Policies Business : (Globe Life), (the Company), refers to Globe Life Inc., an insurance holding company incorporated in Delaware in 1979, and Globe Life Inc. subsidiaries and affiliates. Globe Life Inc.'s direct or indirect primary subsidiaries are Globe Life And Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, Family Heritage Life Insurance Company of America, and United American Insurance Company. The underwriting companies are owned by their ultimate corporate parent, Globe Life Inc. (Parent Company). Globe Life provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The Company is organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Globe Life markets its insurance products through a number of distribution channels, each of which sells the products of one or more of Globe Life's insurance segments. Our distribution channels consist of the following exclusive agencies: American Income Life Division (American Income), Liberty National Division (Liberty National) and Family Heritage Division (Family Heritage); an independent agency, United American Division (United American); and our Direct to Consumer Division (DTC). Basis of Presentation : The accompanying condensed consolidated financial statements of Globe Life have been prepared in accordance with the instructions to Form 10-Q. Therefore, they do not include all of the disclosures required by accounting principles generally accepted in the United States of America (GAAP) for annual financial statements. However, in the opinion of management, these statements include all adjustments, consisting of normal recurring adjustments, which are necessary for a fair presentation of the condensed consolidated financial position at March 31, 2023, and the condensed consolidated results of operations, comprehensive income, and cash flows for the periods ended March 31, 2023 and 2022. The interim period condensed consolidated financial statements should be read in conjunction with the Consolidated Financial Statements that are included in the Form 10-K filed with the Securities Exchange Commission (SEC) on February 23, 2023. Use of Estimates : The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. See further documentation in the significant accounting policies or the accompanying notes. Significant Accounting Policy Updates : The following accounting policies were updated since the 2022 Form 10-K due to the adoption of ASU 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts (ASU 2018-12). Refer to Note 2—New Acc ounting Stan dards for additional information on the financial statement impacts related to the adoption of this standard. Future Policy Benefits— The liability for future policy benefits for traditional and limited-payment long duration life and health products comprises approximately 91% of the total liability for future policy benefits. The liability is determined each reporting period based on the net level premium method. This method requires the liability for future policy benefits be calculated as the present value of estimated future policyholder benefits and the related termination expenses, less the present value of estimated future net premiums to be collected from policyholders. Net level premiums reflect a recomputed net premium ratio 1 using actual experience since the issue date or the Transition Date, and expected future experience. The liability is accrued as premium revenue is recognized and adjusted for differences between actual and expected experience. Long-duration insurance contracts issued by the Company are grouped into cohorts based on the contract issue year, distribution channel, legal entity and product type. Both the present value of expected future benefit payments and the present value of expected future net premiums are based primarily on assumptions of discount rates, mortality, morbidity, lapse, and persistency. Each quarter, the Company remeasures its liability for future policy benefits using current discount rates with the effect of the change recognized in Other Comprehensive Income, a component of shareholders’ equity. In addition, the Company recognizes a liability remeasurement gain or loss within the Condensed Consolidated Statements of Operations using original discount rates, and relating to actual experience under the net premium calculation, as compared to the prior reporting period assumptions. The Company reviews, and updates as necessary, its cash flow assumptions (mortality, morbidity, lapses and persistency) used to calculate the change in the liability for future policy benefits at least annually. These cash flow assumptions are reviewed at the same time every year, or more frequently, if suggested by experience. If cash flow assumptions are changed, the net premium ratio is recalculated from the original issue date, or the Transition Date, using actual experience and projected future cash flows. When the expected future net premiums exceed the expected future gross premiums, or the present value of future policyholder benefits exceeds the present value of expected future gross premiums, the liability for future policy benefits is adjusted with changes recognized in policyholder benefits on the Condensed Consolidated Statements of Operations . The cash flow assumptions do not include an adjustment for adverse deviation. Mortality tables used for individual life insurance include various industry tables and reflect modifications based on Company experience. Morbidity assumptions for individual health are based on Company experience and industry data. Lapse and persistency assumptions are based on Globe Life's experience. The liability for future policy benefits is discounted as noted above, using a current upper-medium grade fixed-income instrument yield that reflects the duration characteristics of the liability for future policy benefits. The methodology for determining current discount rates consists of constructing a discount rate curve intended to be reflective of the currency and tenor of the insurance liability cash flows. The methodology is designed to prioritize observable inputs based on market data available in the local debt markets denominated in the same currency as the policies. For the discount rates applicable to tenors for which the single-A debt market is not liquid or there is little or no observable market data, the Company will use estimation techniques consistent with the fair value guidance in ASC 820. We further accrete interest as a component of policyholder benefits using the original discount rate that is locked-in during the year of contract issuance. The original discount rates (or the locked-in discount rates) are used for interest accretion purposes and for the determination of net premiums, whereas the current discount rates are used for purposes of valuing the liability. The liability for future policy benefits for annuity and interest sensitive life-type products is represented by policy account value. For limited-payment contracts, a deferred profit liability is also recorded, with changes recognized in income over the life of the contract in proportion to the amount of insurance in force. Deferred Acquisition Costs— Certain costs of acquiring new insurance business are deferred and recorded as an asset. These costs are capitalized on a grouped contract basis and amortized over the expected term of the related contracts, and are essential for the acquisition of new insurance business. Deferred acquisition costs (DAC) are directly related to the successful issuance of an insurance contract, and primarily include sales commissions, policy issue costs, direct to consumer advertising costs, and underwriting costs. Additionally, DAC includes the value of business acquired (VOBA), which are the costs of acquiring blocks of insurance from other companies or through the acquisition of other companies. These costs represent the difference between the fair value of the contractual insurance assets acquired and liabilities assumed, compared against the assets and liabilities for insurance contracts that the Company issues or holds measured in accordance with GAAP. DAC is amortized on a constant-level basis over the expected term of the grouped contracts, with the related expense included in amortization of deferred acquisition costs on the Condensed Consolidated Statements of Operations . The in-force metric used to compute the DAC amortization rate is annualized premium in force. The assumptions used to amortize acquisition costs include mortality, morbidity, and persistency. These assumptions are reviewed at least annually and revised in conjunction with any change in the future policy benefit assumptions. The effect of changes in the assumptions are recognized over the remaining expected contract term as a revision of future amortization amounts.

New Accounting Standards

New Accounting Standards	3 Months Ended
New Accounting Standards	Mar. 31, 2023
Accounting Changes and Error Corrections [Abstract]
New Accounting Standards	Note 2—New Accounting Standards Accounting Pronouncements Adopted in the Current Year : On January 1, 2023, the Company adopted ASU 2018-12 on a modified retrospective basis as of the transition date (Transition Date) of January 1, 2021 . The amended guidance is a significant change to the accounting and disclosure of long-duration life and health insurance contracts. The modified retrospective transition method requires the updated standard be applied to all long-duration life and health contracts, which has resulted in the adjustment of the 2021 and 2022 consolidated financial statements. The following tables summarize the balance of and changes to the liability for future policy benefits for traditional life and health long-duration contracts on the Transition Date due to the adoption of ASU 2018-12: Net Liability for Future Policy Benefits - Long Duration Life American Income DTC Liberty National Other Total Balance, net of reinsurance, at original discount rates as of December 31, 2020 $ 3,541,317 $ 2,492,226 $ 2,140,071 $ 2,736,804 $ 10,910,418 Effect of changes in discount rate assumptions 3,334,600 2,195,430 1,229,610 2,297,835 9,057,475 Effect of capping and flooring (1) — 16,899 2,433 2 19,334 Balance, net of reinsurance, at current discount rates as of January 1, 2021 $ 6,875,917 $ 4,704,555 $ 3,372,114 $ 5,034,641 $ 19,987,227 Net liability for Future Policy Benefits - Long Duration Health United American Family Heritage Liberty National American Income DTC Total Balance, net of reinsurance, at original discount rates as of December 31, 2020 $ 131,505 $ 1,383,128 $ 501,312 $ 101,998 $ (2,941) $ 2,115,002 Effect of changes in discount rate assumptions 75,652 497,250 219,992 60,366 346 853,606 Effect of capping and flooring (1) 6,506 — 19,324 — 4,193 30,023 Balance, net of reinsurance, at current discount rates as of January 1, 2021 $ 213,663 $ 1,880,378 $ 740,628 $ 162,364 $ 1,598 $ 2,998,631 (1) When the present value of expected future net premiums exceeds the present value of expected future gross premiums for a given cohort (capping), or the present value of future policy benefits and related termination expenses exceeds the present value of expected future net premiums (flooring), an adjustment is made to the liability for future policy benefits. The following table presents total policy liabilities, both before and after the Transition Date: January 1, December 31, 2021 2020 Future policy benefits: Net liability for future policy benefits—long duration life $ 19,987,227 $ 10,910,418 Net liability for future policy benefits—long duration health 2,998,631 2,115,002 Additional insurance liabilities (1),(2) 2,008,399 2,218,116 Total future policy benefits 24,994,257 15,243,536 Unearned and advance premium (1) 243,369 61,728 Policy claims and other benefits payable (1) 473,524 399,507 Other policyholders' funds (1) 98,459 97,968 Total policy liabilities $ 25,809,609 $ 15,802,739 (1) In addition to the discount rate related adjustments to future policy benefits, the Company reclassified certain balances within total policy liabilities on the Consolidated Balance Sheets as a result of adopting ASU 2018-12. The reclassifications had an immaterial impact on Shareholders' Equity. See table summarizing the transition adjustments to Shareholders' Equity below. (2) The Company's additional insurance liabilities consist primarily of: 1) deferred profit liability on limited-payment contracts; and 2) reserves on deferred annuity and interest sensitive life blocks of business. See Note 6—Policy Liabilities The following table presents the Company's deferred policy acquisition costs, both before and after the Transition Date: January 1, December 31, 2021 2020 Life: American Income $ 1,647,761 $ 1,647,761 Direct to Consumer 1,498,970 1,498,435 Liberty National 531,504 531,504 Other 304,786 304,459 Total life 3,983,021 3,982,159 Health: United American 65,020 74,353 Family Heritage 364,751 364,751 Liberty National 124,754 124,888 American Income 39,477 39,477 Direct to Consumer 2,215 6,600 Total health 596,217 610,069 Annuity 8,309 3,216 Total DAC $ 4,587,547 $ 4,595,444 The following table presents the effect of transition adjustments due to the adoption of ASU 2018-12 on Shareholders' Equity: Retained Earnings Accumulated Other Comprehensive Income (Loss) Other (1) Total Shareholders’ Equity, as of December 31, 2020 $ 5,874,109 $ 3,029,244 $ (132,261) $ 8,771,092 Effect of changes in discount rate assumptions — (7,829,753) — (7,829,753) Effect of capping and flooring (38,992) — — (38,992) Effect of removal of unrealized gain (loss) on DAC — 4,704 — 4,704 Other adjustments 26,470 — — 26,470 Shareholders’ Equity, as of January 1, 2021 $ 5,861,587 $ (4,795,805) $ (132,261) $ 933,521 (1) Other represents common stock, additional paid-in capital, and treasury stock, combining balances that were unaffected by the new standard. As of the Transition Date, the primary effects of the changes required by the standard were to AOCI and retained earnings. As seen in the table above, the transition adjustments impacting AOCI consist of the effect of changes in discount rate assumptions and the effect of the removal of unrealized gains (losses) on DAC. The effect of changes in discount rate assumptions is the impact, net of tax, of the Company re-measuring its liability for future policy benefits using current discount rates. As of the Transition Date, we experienced a lower level of current discount rates than the original discount rates used in valuing our future policy benefits under the prior guidance, thus reducing Shareholders' Equity. For the effect of removing unrealized gains (losses) on DAC, this adjustment relates to the requirement to remove unrealized gains (losses) that were included within the amortization calculation, as noted previously. Accounting Pronouncements Yet to be Adopted : ASU No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions, adds disclosure requirements specific to equity securities subject to contractual sale restrictions. The disclosures clarify the nature of the contractual sale as well as the duration of the restriction and the circumstances that could cause a lapse in the restriction. This standard is effective for the Company on January 1, 2024, and will be implemented on a prospective basis. The Company does not expect the standard will have a material impact on the Consolidated Financial Statements. Effect of New Accounting Standards on Previously Reported Results : The impacts from the adoption of ASU 2018-12 on the Company's previously reported results included in these financial statements are as follows: Condensed Consolidated Balance Sheets December 31, 2022 As Previously Reported Adoption Impact As Adjusted Assets: Other receivables $ 484,887 $ 104,192 $ 589,079 Deferred acquisition costs 5,249,907 285,790 5,535,697 Liabilities: Future policy benefits 16,721,846 1,318,196 18,040,042 Unearned and advance premium 60,742 192,398 253,140 Policy claims and other benefits payable 430,027 77,192 507,219 Current and deferred income taxes 686,172 (251,523) 434,649 Shareholders' equity: Accumulated other comprehensive income (loss) (1,415,714) (1,374,599) (2,790,313) Retained earnings 6,466,220 428,315 6,894,535 Condensed Consolidated Statements of Operations Three Months Ended As Previously Reported Adoption Impact As Adjusted Revenue: Life premium $ 754,602 $ (5,474) $ 749,128 Health premium 317,000 (1,316) 315,684 Net investment income 243,834 1,060 244,894 Benefits and expenses: Life policyholder benefits 549,343 (53,914) 495,429 Health policyholder benefits 196,855 (7,837) 189,018 Other policyholder benefits 7,050 2,652 9,702 Amortization of deferred acquisition costs 158,384 (73,888) 84,496 Commissions, premium taxes, and non-deferred acquisition costs 90,813 34,696 125,509 Income before income taxes 201,615 92,561 294,176 Income tax benefit (expense) (37,254) (19,438) (56,692) Net income $ 164,361 $ 73,123 $ 237,484 Basic net income per common share $ 1.66 $ 0.73 $ 2.39 Diluted net income per common share $ 1.64 $ 0.73 $ 2.37 See Note 1—Significant Accounting Policies , Note 6—Policy Liabilities , and Note 7—DAC for additional information on the adoption.

Supplemental Information about

Supplemental Information about Changes to Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Supplemental Information about Changes to Accumulated Other Comprehensive Income	Note 3—Supplemental Information about Changes to Accumulated Other Comprehensive Income Components of Accumulated Other Comprehensive Income : An analysis of the change in balance by component of Accumulated Other Comprehensive Income is as follows for the three month periods ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Available Future Policy Benefits Foreign Pension Total Balance at January 1, 2023 $ (1,420,672) $ (1,369,204) $ (1,681) $ 1,244 $ (2,790,313) Other comprehensive income (loss) before reclassifications, net of tax 378,162 (569,503) (5,148) — (196,489) Reclassifications, net of tax 25,746 — — (37) 25,709 Other comprehensive income (loss) 403,908 (569,503) (5,148) (37) (170,780) Balance at March 31, 2023 $ (1,016,764) $ (1,938,707) $ (6,829) $ 1,207 $ (2,961,093) Three Months Ended March 31, 2022 Available Future Policy Benefits Foreign Pension Total Balance at January 1, 2022 $ 2,765,290 $ (6,915,910) $ 19,248 $ (103,676) $ (4,235,048) Other comprehensive income (loss) before reclassifications, net of tax (1,811,185) 2,216,355 3,341 — 408,511 Reclassifications, net of tax (3,184) — — 2,715 (469) Other comprehensive income (loss) (1,814,369) 2,216,355 3,341 2,715 408,042 Balance at March 31, 2022 $ 950,921 $ (4,699,555) $ 22,589 $ (100,961) $ (3,827,006) Reclassification Adjustments : Reclassification adjustments out of Accumulated Other Comprehensive Income are presented below for the three month periods ended March 31, 2023 and 2022. Three Months Ended March 31, Affected line items in the Statements of Operations Component Line Item 2023 2022 Unrealized investment (gains) losses on available for sale assets: Realized (gains) losses $ 33,124 $ (4,937) Realized (gains) losses Amortization of (discount) premium (534) 907 Net investment income Total before tax 32,590 (4,030) Tax (6,844) 846 Income taxes Total after-tax 25,746 (3,184) Pension adjustments: Amortization of prior service cost 269 158 Other operating expense Amortization of actuarial (gain) loss (317) 3,279 Other operating expense Total before tax (48) 3,437 Tax 11 (722) Income taxes Total after-tax (37) 2,715 Total reclassification (after-tax) $ 25,709 $ (469)

Investments

Investments	3 Months Ended
Investments	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	1.20x Total % of Total Loan-to-value ratio (2) : Less than 70% $ 24,235 $ 123,466 $ 20,430 $ 168,131 81 70% to 80% — 7,222 1,238 8,460 4 81% to 90% 8,307 — — 8,307 4 Greater than 90% 7,035 15,411 — 22,446 11 Total $ 39,577 $ 146,099 $ 21,668 207,344 100 Less allowance for credit losses (3,069) Total, net of allowance for credit losses $ 204,275 (1) Annual net operating income divided by annual mortgage debt service (principal and interest). (2) Loan balance divided by appraised value, including planned renovations and stabilized occupancy, at origination. Updated internal valuations are used when a loan is materially underperforming. December 31, 2022 Recorded Investment Debt Service Coverage Ratios (1) <1.00x 1.00x—1.20x >1.20x Total % of Total Loan-to-value ratio (2) : Less than 70% $ 24,221 $ 108,156 $ 12,018 $ 144,395 79 70% to 80% — 22,120 1,238 23,358 13 81% to 90% 8,307 — — 8,307 4 Greater than 90% 7,034 — — 7,034 4 Total $ 39,562 $ 130,276 $ 13,256 183,094 100 Less allowance for credit losses (1,789) Total, net of allowance for credit losses $ 181,305 (1) Annual net operating income divided by annual mortgage debt service (principal and interest). (2) Loan balance divided by appraised value, including planned renovations and stabilized occupancy, at origination. Updated internal valuations are used when a loan is materially underperforming. As of March 31, 2023, the Company evaluated the commercial mortgage loan portfolio on a pool basis to determine the allowance for credit losses. At the end of the period, the Company had 25 loans in the portfolio. For the three months ended March 31, 2023, the allowance for credit losses increased $1.3 million. The provision for credit losses is included in "Realized gains (losses)" in the Condensed Consolidated Statements of Operations . Three Months Ended 2023 2022 Allowance for credit losses beginning balance $ 1,789 $ 827 Provision (reversal) for credit losses 1,280 — Allowance for credit losses ending balance $ 3,069 $ 827 " id="sjs-B4" xml:space="preserve">Note 4—Investments Portfolio Composition : Summaries of fixed maturities available for sale by amortized cost, fair value, and allowance for credit losses at March 31, 2023 and December 31, 2022, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) are as follows. Redeemable preferred stock is included within "Corporates, by sector." At March 31, 2023 Amortized Allowance for Credit Losses Gross Gross Fair Value (1) % of Total Fixed Maturities (2) Fixed maturities available for sale: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 389,441 $ — $ 114 $ (27,482) $ 362,073 2 States, municipalities, and political subdivisions 2,894,161 — 41,407 (426,929) 2,508,639 15 Foreign governments 53,789 — 13 (11,282) 42,520 — Corporates, by sector: Financial 4,973,445 (26,040) 84,796 (453,394) 4,578,807 27 Utilities 1,958,888 — 70,798 (94,579) 1,935,107 11 Energy 1,434,766 — 38,477 (80,338) 1,392,905 8 Other corporate sectors 6,697,469 (6,727) 126,968 (557,390) 6,260,320 36 Total corporates 15,064,568 (32,767) 321,039 (1,185,701) 14,167,139 82 Collateralized debt obligations 36,778 — 8,724 — 45,502 — Other asset-backed securities 87,966 — 4 (6,958) 81,012 1 Total fixed maturities $ 18,526,703 $ (32,767) $ 371,301 $ (1,658,352) $ 17,206,885 100 (1) Amount reported in the balance sheet. (2) At fair value. The Company has exposure to banks as part of its fixed maturity portfolio. The Company’s bank securities had a fair value of $1.3 billion (8% of the total fixed maturity portfolio) at March 31, 2023 and December 31, 2022. At December 31, 2022 Amortized Allowance for Credit Losses Gross Gross Fair Value (1) % of Total Fixed Maturities (2) Fixed maturities available for sale: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 394,439 $ — $ 27 $ (38,968) $ 355,498 2 States, municipalities, and political subdivisions 2,791,030 — 24,328 (505,447) 2,309,911 14 Foreign governments 55,164 — 6 (12,706) 42,464 — Corporates, by sector: Financial 4,907,794 — 63,126 (504,489) 4,466,431 27 Utilities 1,924,190 — 36,670 (125,713) 1,835,147 11 Energy 1,436,598 — 22,637 (101,923) 1,357,312 8 Other corporate sectors 6,667,043 — 78,903 (738,772) 6,007,174 37 Total corporates 14,935,625 — 201,336 (1,470,897) 13,666,064 83 Collateralized debt obligations 37,098 — 13,266 — 50,364 — Other asset-backed securities 88,336 — 4 (9,276) 79,064 1 Total fixed maturities $ 18,301,692 $ — $ 238,967 $ (2,037,294) $ 16,503,365 100 (1) Amount reported in the balance sheet. (2) At fair value. A schedule of fixed maturities available for sale by contractual maturity date at March 31, 2023, is shown below on an amortized cost basis, net of allowance for credit losses, and on a fair value basis. Actual disposition dates could differ from contractual maturities due to call or prepayment provisions. At March 31, 2023 Amortized Fair Fixed maturities available for sale: Due in one year or less $ 169,491 $ 170,003 Due after one year through five years 1,113,684 1,118,421 Due after five years through ten years 1,691,785 1,717,908 Due after ten years through twenty years 7,976,112 7,740,695 Due after twenty years 7,418,120 6,333,344 Mortgage-backed and asset-backed securities 124,744 126,514 $ 18,493,936 $ 17,206,885 Analysis of Investment Operations: "Net investment income" for the three month periods ended March 31, 2023 and 2022 is summarized as follows: Three Months Ended 2023 2022 % Change Fixed maturities available for sale $ 232,299 $ 225,284 3 Policy loans 11,755 11,428 3 Other long-term investments (1) 15,743 12,713 24 Short-term investments 1,595 2 261,392 249,427 5 Less investment expense (4,287) (4,533) (5) Net investment income $ 257,105 $ 244,894 5 (1) For the three months ended March 31, 2023 and 2022, the investment funds, accounted for under the fair value option method, recorded $11.3 million and $10.7 million of distributions, respectively, in net investment income. Refer to Other Long-Term Investments below for further discussion on the investment funds. Selected information about sales of fixed maturities available for sale is as follows: Three Months Ended 2023 2022 Fixed maturities available for sale: Proceeds from sales (1) $ 15,705 $ 75,116 Gross realized gains — 773 Gross realized losses (358) (3,679) (1) There were no unsettled sales in the periods ended March 31, 2023 and 2022. An analysis of "Realized gains (losses)" is as follows: Three Months Ended 2023 2022 Realized investment gains (losses): Fixed maturities available for sale: Sales and other (1) $ (357) $ 4,549 Provision for credit losses (32,767) 387 Fair value option—change in fair value 1,858 (5,338) Other investments 339 (6,842) Realized gains (losses) from investments (30,927) (7,244) Applicable tax 6,495 1,521 Realized gains (losses), net of tax $ (24,432) $ (5,723) (1) During the three months ended March 31, 2023 and 2022, the Company recorded $0 and $0 of exchanges of fixed maturities (noncash transactions) that resulted in $0 and $0, respectively, in realized gains (losses). Fair Value Measurements: The following tables represent the fair value of fixed maturities measured on a recurring basis at March 31, 2023 and December 31, 2022: Fair Value Measurement at March 31, 2023 Using: Quoted Prices in Significant Other Significant Total Fair Fixed maturities available for sale U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ 362,073 $ — $ 362,073 States, municipalities, and political subdivisions — 2,508,639 — 2,508,639 Foreign governments — 42,520 — 42,520 Corporates, by sector: Financial — 4,445,091 133,716 4,578,807 Utilities — 1,822,748 112,359 1,935,107 Energy — 1,381,989 10,916 1,392,905 Other corporate sectors — 6,045,672 214,648 6,260,320 Total corporates — 13,695,500 471,639 14,167,139 Collateralized debt obligations — — 45,502 45,502 Other asset-backed securities — 81,012 — 81,012 Total fixed maturities $ — $ 16,689,744 $ 517,141 $ 17,206,885 Percentage of total — % 97 % 3 % 100 % Fair Value Measurement at December 31, 2022 Using: Quoted Prices in Significant Other Significant Total Fair Fixed maturities available for sale U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ 355,498 $ — $ 355,498 States, municipalities, and political subdivisions — 2,309,911 — 2,309,911 Foreign governments — 42,464 — 42,464 Corporates, by sector: Financial — 4,332,495 133,936 4,466,431 Utilities — 1,723,832 111,315 1,835,147 Energy — 1,346,212 11,100 1,357,312 Other corporate sectors — 5,785,442 221,732 6,007,174 Total corporates — 13,187,981 478,083 13,666,064 Collateralized debt obligations — — 50,364 50,364 Other asset-backed securities — 79,064 — 79,064 Total fixed maturities $ — $ 15,974,918 $ 528,447 $ 16,503,365 Percentage of total — % 97 % 3 % 100 % The following tables represent changes in fixed maturities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Asset- backed Securities Collateralized Corporates Total Balance at January 1, 2023 $ — $ 50,364 $ 478,083 $ 528,447 Included in realized gains / losses — — — — Included in other comprehensive income — (4,542) 5,370 828 Acquisitions — — — — Sales — — — — Amortization — 1,141 2 1,143 Other (1) — (1,461) (11,816) (13,277) Transfers into Level 3 (2) — — — — Transfers out of Level 3 (2) — — — — Balance at March 31, 2023 $ — $ 45,502 $ 471,639 $ 517,141 Percent of total fixed maturities — % — % 3 % 3 % (1) Includes capitalized interest, foreign exchange adjustments, and principal repayments. (2) Considered to be transferred at the end of the period. Transfers into Level 3 occur when observable inputs are no longer available. Transfers out of Level 3 occur when observable inputs become available. Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Asset- backed Securities Collateralized Corporates Total Balance at January 1, 2022 $ — $ 63,505 $ 641,688 $ 705,193 Included in realized gains / losses — — — — Included in other comprehensive income — (3,809) (36,360) (40,169) Acquisitions — — — — Sales — — — — Amortization — 1,123 1 1,124 Other (1) — (1,281) (19,359) (20,640) Transfers into Level 3 (2) — — — — Transfers out of Level 3 (2) — — — — Balance at March 31, 2022 $ — $ 59,538 $ 585,970 $ 645,508 Percent of total fixed maturities — % — % 3 % 3 % (1) Includes capitalized interest, foreign exchange adjustments, and principal repayments. (2) Considered to be transferred at the end of the period. Transfers into Level 3 occur when observable inputs are no longer available. Transfers out of Level 3 occur when observable inputs become available. The following table presents changes in unrealized gains and losses for the period included in accumulated other comprehensive income for assets held at the end of the reporting period for Level 3s: Changes in Unrealized Gains (Losses) included in Accumulated Other Comprehensive Income for Assets Held at the End of the Period Asset- Collateralized Corporates Total At March 31, 2023 $ — $ (4,542) $ 5,370 $ 828 At March 31, 2022 — (3,809) (36,360) (40,169) Unrealized Loss Analysis : The following table discloses information about fixed maturities available for sale in an unrealized loss position. Less than Twelve Months Twelve Months or Longer Total Number of issues (CUSIPs) held: As of March 31, 2023 624 1,290 1,914 As of December 31, 2022 1,819 157 1,976 Globe Life's entire fixed maturity portfolio consisted of 2,379 issues by 987 different issuers at March 31, 2023 and 2,328 issues by 979 different issuers at December 31, 2022. The weighted-average quality rating of all unrealized loss positions at amortized cost was A- as of March 31, 2023 and December 31, 2022. The following tables disclose unrealized investment losses by class and major sector of fixed maturities available for sale at March 31, 2023 and December 31, 2022. Analysis of Gross Unrealized Investment Losses At March 31, 2023 Less than Twelve Months Twelve Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities available for sale: Investment grade securities: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 275,114 $ (17,384) $ 84,691 $ (10,098) $ 359,805 $ (27,482) States, municipalities, and political subdivisions 601,542 (23,575) 1,219,137 (403,354) 1,820,679 (426,929) Foreign governments 15,491 (145) 25,555 (11,137) 41,046 (11,282) Corporates, by sector: Financial 1,355,645 (92,771) 1,482,482 (308,161) 2,838,127 (400,932) Utilities 304,897 (14,438) 474,873 (77,678) 779,770 (92,116) Energy 319,199 (11,489) 332,106 (58,433) 651,305 (69,922) Other corporate sectors 1,211,339 (64,035) 2,859,975 (470,663) 4,071,314 (534,698) Total corporates 3,191,080 (182,733) 5,149,436 (914,935) 8,340,516 (1,097,668) Collateralized debt obligations — — — — — — Other asset-backed securities 25,733 (696) 43,631 (5,454) 69,364 (6,150) Total investment grade securities 4,108,960 (224,533) 6,522,450 (1,344,978) 10,631,410 (1,569,511) Below investment grade securities: States, municipalities, and political subdivisions — — — — — — Corporates, by sector: Financial 79,716 (9,059) 106,971 (43,403) 186,687 (52,462) Utilities 8,265 (662) 20,166 (1,801) 28,431 (2,463) Energy — — 34,289 (10,416) 34,289 (10,416) Other corporate sectors 71,156 (4,350) 90,580 (18,342) 161,736 (22,692) Total corporates 159,137 (14,071) 252,006 (73,962) 411,143 (88,033) Collateralized debt obligations — — — — — — Other asset-backed securities — — 11,580 (808) 11,580 (808) Total below investment grade securities 159,137 (14,071) 263,586 (74,770) 422,723 (88,841) Total fixed maturities $ 4,268,097 $ (238,604) $ 6,786,036 $ (1,419,748) $ 11,054,133 $ (1,658,352) Gross unrealized losses may fluctuate quarter over quarter due to adverse factors in the market that affect our holdings, such as changes in interest rates or credit spreads. The Company considers many factors when determining whether an allowance for a credit loss should be recorded. While the Company holds securities that may be in an unrealized loss position from time to time, Globe Life does not generally intend to sell and it is likely that management will not be required to sell the fixed maturities prior to their anticipated recovery or maturity due to the strong cash flows generated by its insurance operations. Analysis of Gross Unrealized Investment Losses At December 31, 2022 Less than Twelve Months Twelve Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities available for sale: Investment grade securities: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 349,887 $ (38,218) $ 3,424 $ (750) $ 353,311 $ (38,968) States, municipalities, and political subdivisions 1,767,624 (453,149) 95,124 (52,298) 1,862,748 (505,447) Foreign governments 6,297 (201) 25,134 (12,505) 31,431 (12,706) Corporates, by sector: Financial 2,837,918 (426,132) 109,784 (42,173) 2,947,702 (468,305) Utilities 1,088,219 (116,272) 21,636 (6,268) 1,109,855 (122,540) Energy 855,853 (91,755) — — 855,853 (91,755) Other corporate sectors 4,155,986 (665,831) 94,299 (42,344) 4,250,285 (708,175) Total corporates 8,937,976 (1,299,990) 225,719 (90,785) 9,163,695 (1,390,775) Collateralized debt obligations — — — — — — Other asset-backed securities 60,157 (5,223) 7,960 (2,435) 68,117 (7,658) Total investment grade securities 11,121,941 (1,796,781) 357,361 (158,773) 11,479,302 (1,955,554) Below investment grade securities: States, municipalities, and political subdivisions — — — — — — Corporates, by sector: Financial 120,377 (18,901) 38,348 (17,283) 158,725 (36,184) Utilities 27,722 (3,173) — — 27,722 (3,173) Energy 14,480 (2,182) 20,075 (7,986) 34,555 (10,168) Other corporate sectors 166,159 (25,962) 6,670 (4,635) 172,829 (30,597) Total corporates 328,738 (50,218) 65,093 (29,904) 393,831 (80,122) Collateralized debt obligations — — — — — — Other asset-backed securities — — 10,874 (1,618) 10,874 (1,618) Total below investment grade securities 328,738 (50,218) 75,967 (31,522) 404,705 (81,740) Total fixed maturities $ 11,450,679 $ (1,846,999) $ 433,328 $ (190,295) $ 11,884,007 $ (2,037,294) Fixed Maturities, Allowance for Credit Losses : A summary of the activity in the allowance for credit losses is as follows. Three Months Ended 2023 2022 Allowance for credit losses beginning balance $ — $ 387 Additions to allowance for which credit losses were not previously recorded 32,767 — Additions (reductions) to allowance for fixed maturities that previously had an allowance — — Reduction of allowance for which the Company intends to sell or more likely than not will be required to sell or sold during the period — (387) Allowance for credit losses ending balance $ 32,767 $ — As of March 31, 2023 and December 31, 2022, the Company did not have any fixed maturities in non-accrual status. Other Long-Term Investments : Other long-term investments consist of the following assets: March 31, December 31, 2022 Investment funds $ 789,197 $ 768,689 Commercial mortgage loan participations 204,275 181,305 Other 29,139 26,022 Total $ 1,022,611 $ 976,016 The following table presents additional information about the Company's investment funds as of March 31, 2023 and December 31, 2022 at fair value: Fair Value Unfunded Commitments Investment Category March 31, December 31, 2022 March 31, Redemption Term/Notice Commercial mortgage loans $ 454,144 $ 431,405 $ 330,245 Fully redeemable and non-redeemable with varying terms. Opportunistic credit 157,899 158,524 — Initial 2 year lock on each new investment/semi-annual withdrawals thereafter/full redemption within 36 month period. Infrastructure 158,036 159,534 21,366 Fully redeemable and non-redeemable with varying terms. Other 19,118 19,226 120,079 Total investment funds $ 789,197 $ 768,689 $ 471,690 The Company had $21 million of capital called during the year from existing investment funds. Our unfunded commitments were $472 million as of March 31, 2023. Commercial Mortgage Loan Participations (commercial mortgage loans): Summaries of commercial mortgage loans by property type and geographical location at March 31, 2023 and December 31, 2022 are as follows: March 31, 2023 December 31, 2022 Carrying Value % of Total Carrying Value % of Total Property type: Mixed use $ 59,965 29 $ 62,375 34 Hospitality 28,033 14 27,796 15 Retail 23,744 12 15,342 9 Industrial 27,259 13 27,248 15 Multi-family 57,206 28 42,232 23 Office 11,137 6 8,101 5 Total recorded investment 207,344 102 183,094 101 Less allowance for credit losses (3,069) (2) (1,789) (1) Carrying value, net of allowance for credit losses $ 204,275 100 $ 181,305 100 March 31, 2023 December 31, 2022 Carrying Value % of Total Carrying Value % of Total Geographic location: California $ 64,990 32 $ 64,477 36 Texas 23,132 12 22,905 13 New York 27,570 14 19,167 11 Washington 14,939 7 14,925 8 Massachusetts 14,925 7 — — Florida 33,217 16 33,182 18 Other 28,571 14 28,438 15 Total recorded investment 207,344 102 183,094 101 Less allowance for credit losses (3,069) (2) (1,789) (1) Carrying value, net of allowance for credit losses $ 204,275 100 $ 181,305 100 The following tables are reflective of the key factors, debt service coverage ratios, and loan-to-value (LTV) ratios that are utilized by management to monitor the performance of the portfolios. The Company only makes new investments in commercial mortgage loans that have a LTV ratio less than 80%. Generally, a higher LTV ratio and a lower debt service coverage ratio can potentially equate to higher risk of loss. March 31, 2023 Recorded Investment Debt Service Coverage Ratios (1) <1.00x 1.00x—1.20x >1.20x Total % of Total Loan-to-value ratio (2) : Less than 70% $ 24,235 $ 123,466 $ 20,430 $ 168,131 81 70% to 80% — 7,222 1,238 8,460 4 81% to 90% 8,307 — — 8,307 4 Greater than 90% 7,035 15,411 — 22,446 11 Total $ 39,577 $ 146,099 $ 21,668 207,344 100 Less allowance for credit losses (3,069) Total, net of allowance for credit losses $ 204,275 (1) Annual net operating income divided by annual mortgage debt service (principal and interest). (2) Loan balance divided by appraised value, including planned renovations and stabilized occupancy, at origination. Updated internal valuations are used when a loan is materially underperforming. December 31, 2022 Recorded Investment Debt Service Coverage Ratios (1) <1.00x 1.00x—1.20x >1.20x Total % of Total Loan-to-value ratio (2) : Less than 70% $ 24,221 $ 108,156 $ 12,018 $ 144,395 79 70% to 80% — 22,120 1,238 23,358 13 81% to 90% 8,307 — — 8,307 4 Greater than 90% 7,034 — — 7,034 4 Total $ 39,562 $ 130,276 $ 13,256 183,094 100 Less allowance for credit losses (1,789) Total, net of allowance for credit losses $ 181,305 (1) Annual net operating income divided by annual mortgage debt service (principal and interest). (2) Loan balance divided by appraised value, including planned renovations and stabilized occupancy, at origination. Updated internal valuations are used when a loan is materially underperforming. As of March 31, 2023, the Company evaluated the commercial mortgage loan portfolio on a pool basis to determine the allowance for credit losses. At the end of the period, the Company had 25 loans in the portfolio. For the three months ended March 31, 2023, the allowance for credit losses increased $1.3 million. The provision for credit losses is included in "Realized gains (losses)" in the Condensed Consolidated Statements of Operations . Three Months Ended 2023 2022 Allowance for credit losses beginning balance $ 1,789 $ 827 Provision (reversal) for credit losses 1,280 — Allowance for credit losses ending balance $ 3,069 $ 827

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 5—Commitments and Contingencies Guarantees : The Parent Company has guaranteed letters of credit in connection with its credit facility with a group of banks. The letters of credit were issued by TMK Re, Ltd., a wholly-owned subsidiary, to secure TMK Re, Ltd.’s obligation for claims on certain policies reinsured by TMK Re, Ltd. that were sold by other Globe Life insurance subsidiaries. These letters of credit facilitate TMK Re, Ltd.’s ability to reinsure the business of Globe Life's insurance carriers. The agreement was amended on September 30, 2021 and now expires in 2026. The maximum amount of letters of credit available is $250 million. The Parent Company would be liable to the extent that TMK Re, Ltd. does not pay the reinsured party. The amount outstanding at March 31, 2023 was $115 million. Litigation : Globe Life Inc. and its subsidiaries, in common with the insurance industry in general, are subject to litigation, including putative class action litigation, alleged breaches of contract, torts, including bad faith and fraud claims based on alleged wrongful or fraudulent acts of agents of the Parent Company's insurance subsidiaries, employment discrimination, and miscellaneous other causes of action. Based upon information presently available, and in light of legal and other factual defenses available to the Parent Company and its subsidiaries, management does not believe that it is reasonably possible that such litigation will have a material adverse effect on Globe Life's financial condition, future operating results or liquidity; however, assessing the eventual outcome of litigation necessarily involves forward-looking speculation as to judgments to be made by judges, juries and appellate courts in the future. This bespeaks caution, particularly in states with reputations for high punitive damage verdicts. Globe Life's management recognizes that large punitive damage awards bearing little or no relation to actual damages continue to be awarded by juries in jurisdictions in which the Company has substantial business, creating the potential for unpredictable material adverse judgments in any given punitive damage suit.

Policy Liabilities

Policy Liabilities	3 Months Ended
Policy Liabilities	Mar. 31, 2023
Policyholder Account Balance [Abstract]
Policy Liabilities	Note 6—Policy Liabilities The liability for future policy benefits is determined based on the net level premium method, which requires the liability be calculated as the present value of estimated future policyholder benefits and the related termination expenses, less the present value of estimated future net premiums to be collected from policyholders. The following tables summarize balances and changes in the net liability for future policy benefits, before reinsurance, for traditional life long-duration contracts: Life Present value of expected future net premiums American Income DTC Liberty National Other Total Balance at January 1, 2022 $ 4,925,192 $ 7,264,905 $ 1,332,469 $ 559,972 $ 14,082,538 Beginning balance at original discount rates 3,906,098 5,533,741 1,040,242 416,141 10,896,222 Effect of changes in assumptions of future cash flows — — — — — Effect of actual variances from expected experience (4,315) (29,595) (625) 1,652 (32,883) Adjusted balance at January 1, 2022 3,901,783 5,504,146 1,039,617 417,793 10,863,339 Issuances (1) 215,926 173,775 22,965 7,300 419,966 Interest accrual (2) 43,074 67,608 12,810 5,172 128,664 Net premiums collected (3) (120,203) (149,757) (31,627) (10,831) (312,418) Effect of changes in the foreign exchange rate 2,900 — — — 2,900 Ending balance at original discount rates 4,043,480 5,595,772 1,043,765 419,434 11,102,451 Effect of change from original to current discount rates 603,267 1,114,883 181,223 92,398 1,991,771 Balance at March 31, 2022 $ 4,646,747 $ 6,710,655 $ 1,224,988 $ 511,832 $ 13,094,222 Balance at January 1, 2023 $ 4,273,156 $ 5,910,224 $ 1,094,407 $ 470,741 $ 11,748,528 Beginning balance at original discount rates 4,246,723 5,680,864 1,066,123 449,209 11,442,919 Effect of changes in assumptions of future cash flows — — — — — Effect of actual variances from expected experience (29,981) (47,988) (5,590) (1,886) (85,445) Adjusted balance at January 1, 2023 4,216,742 5,632,876 1,060,533 447,323 11,357,474 Issuances (1) 192,555 168,952 30,142 7,241 398,890 Interest accrual (2) 47,898 70,991 13,288 5,670 137,847 Net premiums collected (3) (127,239) (153,919) (33,188) (11,557) (325,903) Effect of changes in the foreign exchange rate (3,999) — — — (3,999) Ending balance at original discount rates 4,325,957 5,718,900 1,070,775 448,677 11,564,309 Effect of change from original to current discount rates 141,680 391,650 57,308 34,379 625,017 Balance at March 31, 2023 $ 4,467,637 $ 6,110,550 $ 1,128,083 $ 483,056 $ 12,189,326 (1) Issuances represent the present value, using the original discount rate, of the expected net premiums related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected net premiums, as well as the interest on actual net premiums earned during the period, using the original interest rate. (3) Net premiums collected represent the product of the current period net premium ratio, and the gross premiums collected during the period on the in-force business. Life Present value of expected future policy benefits American Income DTC Liberty National Other Total Balance at January 1, 2022 $ 11,773,519 $ 11,859,408 $ 4,542,697 $ 5,488,684 $ 33,664,308 Beginning balance at original discount rates 7,744,201 8,157,259 3,206,164 3,267,306 22,374,930 Effect of changes in assumptions of future cash flows — — — — — Effect of actual variances from expected experience (2,959) (25,850) 153 1,680 (26,976) Adjusted balance at January 1, 2022 7,741,242 8,131,409 3,206,317 3,268,986 22,347,954 Issuances (1) 215,926 173,775 22,965 7,300 419,966 Interest accrual (2) 100,336 106,928 42,230 48,280 297,774 Benefit payments (3) (104,321) (173,611) (63,457) (34,297) (375,686) Effect of changes in the foreign exchange rate 6,511 — — — 6,511 Ending balance at original discount rates 7,959,694 8,238,501 3,208,055 3,290,269 22,696,519 Effect of change from original to current discount rates 2,692,562 2,511,848 858,179 1,558,106 7,620,695 Balance at March 31, 2022 $ 10,652,256 $ 10,750,349 $ 4,066,234 $ 4,848,375 $ 30,317,214 Balance at January 1, 2023 $ 9,119,104 $ 9,225,451 $ 3,429,256 $ 3,976,150 $ 25,749,961 Beginning balance at original discount rates 8,409,761 8,477,892 3,272,980 3,403,704 23,564,337 Effect of changes in assumptions of future cash flows — — — — — Effect of actual variances from expected experience (31,526) (48,947) (7,054) (2,896) (90,423) Adjusted balance at January 1, 2023 8,378,235 8,428,945 3,265,926 3,400,808 23,473,914 Issuances (1) 192,555 168,952 30,142 7,241 398,890 Interest accrual (2) 109,329 112,768 43,256 50,378 315,731 Benefit payments (3) (96,674) (147,061) (54,730) (30,892) (329,357) Effect of changes in the foreign exchange rate (9,711) — — — (9,711) Ending balance at original discount rates 8,573,734 8,563,604 3,284,594 3,427,535 23,849,467 Effect of change from original to current discount rates 1,063,729 1,061,076 274,418 738,992 3,138,215 Balance at March 31, 2023 $ 9,637,463 $ 9,624,680 $ 3,559,012 $ 4,166,527 $ 26,987,682 (1) Issuances represent the present value, using the original discount rate, of the expected future policy benefits related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected future policy benefits, as well as the interest on actual benefits and expenses paid during the period, using the original interest rate. (3) Benefit payments represent the release of the present value, using the original discount rate, of the actual future policy benefits incurred during the period due to death, lapse, and maturity benefit payments based on the revised expected assumptions. Life Net liability for future policy benefits as of March 31, 2022 American Income DTC Liberty National Other Total Net liability for future policy benefits at original discount rates $ 3,916,214 $ 2,642,729 $ 2,164,290 $ 2,870,835 $ 11,594,068 Effect of changes in discount rate assumptions 2,089,295 1,396,965 676,956 1,465,708 5,628,924 Net liability for future policy benefits at current discount rates 6,005,509 4,039,694 2,841,246 4,336,543 17,222,992 Other Adjustments (1) (11) 2,820 (10,446) (43,598) (51,235) Net liability for future policy benefits, after other adjustments, at current discount rates $ 6,005,498 $ 4,042,514 $ 2,830,800 $ 4,292,945 $ 17,171,757 (1) Other adjustments include the Company's reinsurance recoverable and the effects of capping and flooring the liability. Life Net liability for future policy benefits as of March 31, 2023 American Income DTC Liberty National Other Total Net liability for future policy benefits at original discount rates $ 4,247,777 $ 2,844,704 $ 2,213,819 $ 2,978,858 $ 12,285,158 Effect of changes in discount rate assumptions 922,049 669,426 217,110 704,613 2,513,198 Net liability for future policy benefits at current discount rates 5,169,826 3,514,130 2,430,929 3,683,471 14,798,356 Other Adjustments (1) (46) 4,546 486 (36,765) (31,779) Net liability for future policy benefits, after other adjustments, at current discount rates $ 5,169,780 $ 3,518,676 $ 2,431,415 $ 3,646,706 $ 14,766,577 (1) Other adjustments include the Company's reinsurance recoverable and the effects of capping and flooring the liability. The following tables summarize balances and changes in the net liability for future policy benefits for long-duration health contracts: Health Present value of expected future net premiums United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2022 $ 3,611,659 $ 1,944,714 $ 517,368 $ 222,553 $ 121,724 $ 6,418,018 Beginning balance at original discount rates 2,949,851 1,688,590 414,409 178,801 96,776 5,328,427 Effect of changes in assumptions of future cash flows — — — — — — Effect of actual variances from expected experience (49,560) (15,162) (15,462) (2,465) (1,880) (84,529) Adjusted balance at January 1, 2022 2,900,291 1,673,428 398,947 176,336 94,896 5,243,898 Issuances (1) 90,034 53,518 10,815 10,452 880 165,699 Interest accrual (2) 30,339 14,940 4,872 1,831 1,182 53,164 Net premiums collected (3) (62,895) (42,751) (12,883) (5,252) (2,550) (126,331) Effect of changes in the foreign exchange rate — — — 312 — 312 Ending balance at original discount rates 2,957,769 1,699,135 401,751 183,679 94,408 5,336,742 Effect of change from original to current discount rates 379,383 91,102 61,701 24,385 15,326 571,897 Balance at March 31, 2022 $ 3,337,152 $ 1,790,237 $ 463,452 $ 208,064 $ 109,734 $ 5,908,639 Balance at January 1, 2023 $ 2,908,501 $ 1,594,992 $ 423,490 $ 190,296 $ 90,143 $ 5,207,422 Beginning balance at original discount rates 2,941,261 1,729,219 415,442 192,631 87,751 5,366,304 Effect of changes in assumptions of future cash flows — — — — — — Effect of actual variances from expected experience (34,132) (18,758) (16,585) (1,621) (2,573) (73,669) Adjusted balance at January 1, 2023 2,907,129 1,710,461 398,857 191,010 85,178 5,292,635 Issuances (1) 75,839 67,787 13,303 10,212 2,392 169,533 Interest accrual (2) 31,587 16,199 4,890 2,036 1,057 55,769 Net premiums collected (3) (65,914) (43,979) (12,403) (5,424) (2,661) (130,381) Effect of changes in the foreign exchange rate — — — (388) — (388) Ending balance at original discount rates 2,948,641 1,750,468 404,647 197,446 85,966 5,387,168 Effect of change from original to current discount rates 49,082 (86,054) 16,800 3,220 4,277 (12,675) Balance at March 31, 2023 $ 2,997,723 $ 1,664,414 $ 421,447 $ 200,666 $ 90,243 $ 5,374,493 (1) Issuances represent the present value, using the original discount rate, of the expected net premiums related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected net premiums, as well as the interest on actual net premiums earned during the period, using the original interest rate. (3) Net premiums collected represent the product of the current period net premium ratio, and the gross premiums collected during the period on the in-force business. Health Present value of expected future policy benefits United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2022 $ 3,810,559 $ 3,840,322 $ 1,201,317 $ 380,915 $ 119,888 $ 9,353,001 Beginning balance at original discount rates 3,090,901 3,193,342 921,608 285,604 95,628 7,587,083 Effect of changes in assumptions of future cash flows — — — — — — Effect of actual variances from expected experience (50,453) (15,668) (15,790) (2,645) (2,025) (86,581) Adjusted balance at January 1, 2022 3,040,448 3,177,674 905,818 282,959 93,603 7,500,502 Issuances (1) 89,904 53,518 10,866 10,452 876 165,616 Interest accrual (2) 32,308 29,583 12,120 3,432 1,182 78,625 Benefit payments (3) (67,243) (28,494) (23,065) (5,044) (3,389) (127,235) Effect of changes in the foreign exchange rate — — — 557 — 557 Ending balance at original discount rates 3,095,417 3,232,281 905,739 292,356 92,272 7,618,065 Effect of change from original to current discount rates 413,068 244,358 176,686 59,275 14,762 908,149 Balance at March 31, 2022 $ 3,508,485 $ 3,476,639 $ 1,082,425 $ 351,631 $ 107,034 $ 8,526,214 Balance at January 1, 2023 $ 3,046,829 $ 3,005,664 $ 941,574 $ 312,750 $ 87,532 $ 7,394,349 Beginning balance at original discount rates 3,080,633 3,336,344 904,865 303,713 85,212 7,710,767 Effect of changes in assumptions of future cash flows — — — — — — Effect of actual variances from expected experience (31,443) (19,779) (15,995) (1,578) (2,302) (71,097) Adjusted balance at January 1, 2023 3,049,190 3,316,565 888,870 302,135 82,910 7,639,670 Issuances (1) 75,683 67,787 13,285 10,212 2,388 169,355 Interest accrual (2) 33,480 32,289 11,840 3,668 1,057 82,334 Benefit payments (3) (78,563) (29,261) (23,976) (7,137) (3,354) (142,291) Effect of changes in the foreign exchange rate — — — (708) — (708) Ending balance at original discount rates 3,079,790 3,387,380 890,019 308,170 83,001 7,748,360 Effect of change from original to current discount rates 52,672 (212,708) 59,977 18,363 4,089 (77,607) Balance at March 31, 2023 $ 3,132,462 $ 3,174,672 $ 949,996 $ 326,533 $ 87,090 $ 7,670,753 (1) Issuances represent the present value, using the original discount rate, of the expected future policy benefits related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected future policy benefits, as well as the interest on actual benefits and expenses paid during the period, using the original interest rate. (3) Benefit payments represent the release of the present value, using the original discount rate, of the actual future policy benefits incurred during the period due to death, lapse, and maturity benefit payments based on the revised expected assumptions. Health Net liability for future policy benefits as of March 31, 2022 United American Family Heritage Liberty National American Income Direct to Consumer Total Net liability for future policy benefits at original discount rates $ 137,648 $ 1,533,146 $ 503,988 $ 108,677 $ (2,136) $ 2,281,323 Effect of changes in discount rate assumptions 33,685 153,256 114,985 34,890 (564) 336,252 Net liability for future policy benefits at current discount rates 171,333 1,686,402 618,973 143,567 (2,700) 2,617,575 Other Adjustments (1,812) (10,847) 1,508 12 3,812 (7,327) Net liability for future policy benefits, after other adjustments, at current discount rates $ 169,521 $ 1,675,555 $ 620,481 $ 143,579 $ 1,112 $ 2,610,248 (1) Other adjustments include the Company's reinsurance recoverable and the effects of capping and flooring the liability. Health Net liability for future policy benefits as of March 31, 2023 United American Family Heritage Liberty National American Income Direct to Consumer Total Net liability for future policy benefits at original discount rates 131,149 1,636,912 485,372 110,724 (2,965) 2,361,192 Effect of changes in discount rate assumptions 3,590 (126,654) 43,177 15,143 (188) (64,932) Net liability for future policy benefits at current discount rates 134,739 1,510,258 528,549 125,867 (3,153) 2,296,260 Other Adjustments 1,771 (9,362) 4,348 333 4,162 1,252 Net liability for future policy benefits, after other adjustments, at current discount rates $ 136,510 $ 1,500,896 $ 532,897 $ 126,200 $ 1,009 $ 2,297,512 (1) Other adjustments include the Company's reinsurance recoverable and the effects of capping and flooring the liability. During the three-month periods ended March 31, 2023 and 2022, the Company's results for actual variances from expected experience produced a net reserve remeasurement gain of $659 thousand and a net reserve remeasurement loss of $3.8 million in the Condensed Consolidated Statements of Operations , respectively. The variance of actual experience from expected experience during the first quarter of 2023 was primarily due to favorable variances from mortality assumptions as compared to actual experience in our life insurance segment (a $2.7 million gain), and unfavorable variances from morbidity assumptions as compared to actual experience in our health insurance segment (a $2.0 million loss). The variance of actual experience from expected experience during the first quarter of 2022 was primarily due to unfavorable variances from mortality assumptions as compared to actual experience in our life insurance segment (a $5.8 million loss), and favorable variances from morbidity assumptions as compared to actual experience in our health insurance segment (a $2.0 million gain). The life segment has experienced lower claims in the first quarter of 2023 versus the prior year mainly driven by lower excess claims due to COVID and non-COVID causes, which was seen in the American Income, Direct to Consumer, and Liberty National channels. The health segment's utilization has returned to normal levels in 2023, specifically in the United American and Liberty National channels. There were no changes to the inputs, judgments, assumptions and methods used in measuring the liability for future policy benefits during the three-month periods ended March 31, 2023 and 2022. The following table reconciles the liability for future policy benefits to the C onsolidated B alance S heets as of March 31, 2023: At Original Discount Rates At Current Discount Rates As of March 31, As of March 31, 2023 2022 2023 2022 Life (1) : American Income $ 4,247,758 $ 3,916,187 $ 5,169,780 $ 6,005,498 Direct to Consumer 2,844,707 2,642,729 3,518,676 4,042,514 Liberty National 2,206,288 2,153,030 2,431,415 2,830,800 Other 2,952,802 2,846,161 3,646,706 4,292,945 Net liability for future policy benefits—long duration life 12,251,555 11,558,107 14,766,577 17,171,757 Health (1) : United American 130,992 135,891 136,510 169,521 Family Heritage 1,626,881 1,524,185 1,500,896 1,675,555 Liberty National 488,546 505,319 532,897 620,481 American Income 111,096 108,693 126,200 143,579 Direct to Consumer 961 1,004 1,009 1,112 Net liability for future policy benefits—long duration health 2,358,476 2,275,092 2,297,512 2,610,248 Deferred profit liability 177,248 184,451 177,248 184,451 Deferred annuity 907,797 1,027,087 907,797 1,027,087 Interest sensitive life 737,900 744,244 737,900 744,244 Other 9,540 8,118 9,540 8,118 Total future policy benefits $ 16,442,516 $ 15,797,099 $ 18,896,574 $ 21,745,905 (1) Balances are presented net of the reinsurance recoverable and the effects of flooring the liability. The following tables provide the weighted-average original and current discount rates for the liability for future policy benefits and the additional insurance liabilities for the periods ended March 31, 2023 and 2022: Life Weighted-average Discount Rates March 31, 2023 March 31, 2022 American Income DTC Liberty National Other American Income DTC Liberty National Other Original discount rate 5.8 % 6.0 % 5.6 % 6.2 % 5.8 % 6.0 % 5.6 % 6.2 % Current discount rate 4.9 % 5.0 % 5.0 % 5.0 % 4.0 % 4.0 % 3.9 % 3.9 % Health Weighted-average Discount Rates March 31, 2023 March 31, 2022 United American Family Heritage Liberty National American Income DTC United American Family Heritage Liberty National American Income DTC Original discount rate 5.2 % 4.3 % 5.8 % 5.9 % 5.2 % 5.2 % 4.4 % 5.8 % 5.9 % 5.2 % Current discount rate 4.8 % 4.9 % 4.9 % 4.8 % 4.8 % 3.8 % 3.9 % 3.6 % 3.8 % 3.8 % The following table provides the weighted-average durations of the liability for future policy benefits and the additional insurance liabilities for the periods ended March 31, 2023 and 2022: March 31, 2023 2022 At original discount rates At current discount rates At original discount rates At current discount rates Life American Income 22.90 23.33 22.80 23.78 Direct to Consumer 20.24 21.82 20.81 22.93 Liberty National 14.94 15.63 15.08 16.85 Other 16.52 18.23 16.76 19.59 Health United American 11.40 10.80 11.68 11.83 Family Heritage 14.91 14.43 15.28 15.80 Liberty National 9.31 9.66 9.01 10.11 American Income 12.15 12.74 12.45 13.95 Direct to Consumer 11.40 10.80 11.68 11.83 The following tables summarize the amount of gross premiums and interest, net of reinsurance, related to long duration life and health contracts that are recognized in the Condensed Consolidated Statements of Operations : Life Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Gross Interest Gross Interest American Income $ 387,145 $ 61,431 $ 369,737 $ 57,262 Direct to Consumer 244,707 41,714 242,662 39,292 Liberty National 84,072 29,769 79,348 29,285 Other 51,835 44,275 52,387 42,697 Total $ 767,759 $ 177,189 $ 744,134 $ 168,536 Health Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Gross Interest Gross Interest United American $ 97,833 $ 1,822 $ 92,266 $ 1,914 Family Heritage 96,090 15,977 89,540 14,545 Liberty National 46,745 6,920 47,496 7,226 American Income 28,096 1,632 27,937 1,601 Direct to Consumer 3,542 — 3,536 — Total $ 272,306 $ 26,351 $ 260,775 $ 25,286 Gross premiums are included within life and health premium on the Condensed Consolidated Statements of Operations , while the related interest expense is included in life and health policyholder benefits. The following tables provide the undiscounted and discounted expected future net premiums, expected future gross premiums and expected future policy benefits, at both original and current discount rates, for life and health contracts: Life Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Not discounted At original discount rates At current discount rates Not discounted At original discount rates At current discount rates American Income PV of expected future net premiums $ 7,617,532 $ 4,325,957 $ 4,467,637 $ 7,115,131 $ 4,043,480 $ 4,646,747 PV of expected future gross premiums 23,041,514 13,054,486 13,575,751 21,851,854 12,374,587 14,324,455 PV of expected future policy benefits 28,821,998 8,573,734 9,637,463 26,930,450 7,959,694 10,652,256 DTC PV of expected future net premiums $ 10,832,386 $ 5,718,900 $ 6,110,550 $ 10,630,110 $ 5,595,772 $ 6,710,655 PV of expected future gross premiums 17,479,516 9,165,113 9,773,835 17,414,120 9,103,648 10,912,941 PV of expected future policy benefits 25,582,750 8,563,604 9,624,680 24,876,834 8,238,501 10,750,349 Liberty National PV of expected future net premiums $ 1,889,419 $ 1,070,775 $ 1,128,083 $ 1,855,371 $ 1,043,765 $ 1,224,988 PV of expected future gross premiums 4,453,139 2,599,082 2,667,795 4,265,146 2,485,460 2,848,626 PV of expected future policy benefits 8,658,766 3,284,594 3,559,012 8,514,395 3,208,055 4,066,234 Other PV of expected future net premiums $ 919,924 $ 448,677 $ 483,056 $ 869,727 $ 419,434 $ 511,832 PV of expected future gross premiums 3,798,669 1,920,302 2,126,949 3,907,011 1,950,624 2,441,512 PV of expected future policy benefits 12,392,224 3,427,535 4,166,527 12,277,130 3,290,269 4,848,375 Total PV of expected future net premiums $ 21,259,261 $ 11,564,309 $ 12,189,326 $ 20,470,339 $ 11,102,451 $ 13,094,222 PV of expected future gross premiums 48,772,838 26,738,983 28,144,330 47,438,131 25,914,319 30,527,534 PV of expected future policy benefits 75,455,738 23,849,467 26,987,682 72,598,809 22,696,519 30,317,214 As of March 31, 2023 for the life segment using current discount rates, the Company anticipates $12.2 billion of expected future net premiums and $28.1 billion of expected future gross premiums. As of March 31, 2022 using current discount rates, the Company anticipated $13.1 billion in expected future net premiums and $30.5 billion of expected future gross premiums. For each respective period, only expected future net premiums are included in the determination of the liability for future policy benefits on the balance sheet, while the difference between the expected future gross premiums and the expected future net premiums is not. . Health Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Not discounted At original discount rates At current discount rates Not discounted At original discount rates At current discount rates United American PV of expected future net premiums $ 4,685,306 $ 2,948,641 $ 2,997,723 $ 4,763,592 $ 2,957,769 $ 3,337,152 PV of expected future gross premiums 6,783,819 4,279,547 4,346,007 6,781,444 4,226,705 4,765,664 PV of expected future policy benefits 4,909,212 3,079,790 3,132,462 5,057,861 3,095,417 3,508,485 Family Heritage PV of expected future net premiums $ 2,908,079 $ 1,750,468 $ 1,664,414 $ 2,784,235 $ 1,699,135 $ 1,790,237 PV of expected future gross premiums 6,442,316 3,846,392 3,682,300 5,897,650 3,570,212 3,791,575 PV of expected future policy benefits 6,358,594 3,387,380 3,174,672 6,004,155 3,232,281 3,476,639 Liberty National PV of expected future net premiums $ 634,061 $ 404,647 $ 421,447 $ 641,225 $ 401,751 $ 463,452 PV of expected future gross premiums 2,232,290 1,396,334 1,468,763 2,174,779 1,356,873 1,577,158 PV of expected future policy benefits 1,575,745 890,019 949,996 1,594,836 905,739 1,082,425 American Income PV of expected future net premiums $ 351,655 $ 197,446 $ 200,666 $ 323,828 $ 183,679 $ 208,064 PV of expected future gross premiums 1,760,671 984,216 1,037,339 1,723,857 963,321 1,130,227 PV of expected future policy benefits 626,151 308,170 326,533 599,187 292,356 351,631 Direct to Consumer PV of expected future net premiums $ 131,187 $ 85,966 $ 90,243 $ 148,614 $ 94,408 $ 109,734 PV of expected future gross premiums 171,266 112,442 118,105 204,317 130,162 151,140 PV of expected future policy benefits 124,597 83,001 87,090 143,711 92,272 107,034 Total PV of expected future net premiums 8,710,288 5,387,168 5,374,493 8,661,494 5,336,742 5,908,639 PV of expected future gross premiums 17,390,362 10,618,931 10,652,514 16,782,047 10,247,273 11,415,764 PV of expected future policy benefits 13,594,299 7,748,360 7,670,753 13,399,750 7,618,065 8,526,214 As of March 31, 2023 for the health segment using current discount rates, the Company anticipates $5.4 billion of expected future net premiums and $10.6 billion of expected future gross premiums. As of March 31, 2022 using current discount rates, the Company anticipated $5.9 billion in expected future net premiums and $11.4 billion of expected future gross premiums. For each respective period, only expected future net premiums are included in the determination of the liability for future policy benefits on the balance sheet, while the difference between the expected future gross premiums and the expected future net premiums is not. The following table summarizes the balances of, and changes in, policyholders’ account balances as of March 31, 2023 and 2022: Policyholders' Account Balances 2023 2022 Interest Sensitive Life Deferred Annuity Other Policyholders' Funds Interest Sensitive Life Deferred Annuity Other Policyholders' Funds Balance at January 1 , $ 739,105 954,318 123,234 $ 745,335 $ 1,033,525 $ 99,468 Issuances — 202 — — 340 — Premiums received 6,030 4,776 21,662 6,297 8,216 2,044 Policy charges (3,319) — — (3,474) — — Surrenders and withdrawals (5,384) (43,533) (3,303) (5,280) (11,873) (2,805) Benefit payments (7,844) (15,784) — (8,999) (12,073) — Interest credited 7,135 7,560 1,238 7,170 8,290 1,125 Other 2,177 258 (145) 3,195 662 292 Balance at March 31 , $ 737,900 $ 907,797 $ 142,686 $ 744,244 $ 1,027,087 $ 100,124 Weighted-average credit rate 3.92 % 3.29 % 3.78 % 3.91 % 3.26 % 4.58 % Net amount at risk $ 1,847,128 N/A N/A $ 1,952,631 N/A N/A Cash surrender value 676,247 907,797 142,686 693,201 1,027,064 100,124 The following tables present the policyholders' account balances by range of guaranteed minimum crediting rates and the related range of difference, if any, in basis points between rates being credited to policy holders and the respective guaranteed minimums: At March 31, 2023 Range of guaranteed minimum crediting rates Interest Sensitive Life (1) Deferred Annuity (1) Other Policyholders' Funds (1) At guaranteed minimum Less than 3.00% $ — $ 1,971 $ 43,191 3.00%-3.99% 28,956 698,952 4,097 4.00%-4.99% 619,411 206,874 57,596 Greater than 5.00% 89,533 — 37,802 Total $ 737,900 $ 907,797 $ 142,686 (1) All of the Company's policyholders' account balances had actual crediting rates at the guaranteed minimum. At March 31, 2022 Range of guaranteed minimum crediting rates Interest Sensitive Life (1) Deferred Annuity (1) Other Policyholders' Funds (1) At guaranteed minimum Less than 3.00% $ — $ 2,254 $ — 3.00%-3.99% 28,684 811,865 2,911 4.00%-4.99% 626,179 212,968 58,990 Greater than 5.00% 89,381 — 38,223 Total $ 744,244 $ 1,027,087 $ 100,124

Deferred Acquisition Costs

Deferred Acquisition Costs	3 Months Ended
Deferred Acquisition Costs	Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Acquisition Costs	Note 7—Deferred Acquisition Costs The following tables roll forward the deferred policy acquisition costs for the three months ended March 31, 2023 and 2022: Life American Income DTC Liberty National Other Total Balance at January 1, 2022 $ 1,960,254 $ 1,583,695 $ 566,419 $ 301,647 $ 4,412,015 Capitalizations 114,428 48,216 20,465 3,487 186,596 Amortization expense (33,513) (23,172) (11,046) (4,198) (71,929) Foreign exchange adjustment 1,738 — — — 1,738 Experience adjustment — — — — — Balance at March 31, 2022 $ 2,042,907 $ 1,608,739 $ 575,838 $ 300,936 $ 4,528,420 Balance at January 1, 2023 $ 2,258,291 $ 1,676,931 $ 610,723 $ 298,346 $ 4,844,291 Capitalizations 115,395 47,410 24,221 3,321 190,347 Amortization expense (38,299) (24,753) (12,412) (4,125) (79,589) Foreign exchange adjustment (2,787) — — — (2,787) Experience adjustment — — — — — Balance at March 31, 2023 $ 2,332,600 $ 1,699,588 $ 622,532 $ 297,542 $ 4,952,262 Health United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2022 $ 81,140 $ 388,967 $ 127,537 $ 49,406 $ 2,032 $ 649,082 Capitalizations 580 12,363 4,121 3,155 — 20,219 Amortization expense (1,516) (6,405) (3,320) (829) (44) (12,114) Foreign exchange adjustment — — — 88 — 88 Experience adjustment — — — — — — Balance at March 31, 2022 $ 80,204 $ 394,925 $ 128,338 $ 51,820 $ 1,988 $ 657,275 Balance at January 1, 2023 $ 77,394 $ 416,608 $ 133,096 $ 57,811 $ 1,854 $ 686,763 Capitalizations 507 15,097 4,882 3,143 — 23,629 Amortization expense (1,513) (6,560) (3,250) (938) (47) (12,308) Foreign exchange adjustment — — — (126) — (126) Experience adjustment — — — — — — Balance at March 31, 2023 $ 76,388 $ 425,145 $ 134,728 $ 59,890 $ 1,807 $ 697,958 The following table presents a reconciliation of deferred policy acquisition costs to the Consolidated Balance Sheets as of March 31, 2023: March 31, 2023 2022 Life American Income $ 2,332,600 $ 2,042,907 Direct to Consumer 1,699,588 1,608,739 Liberty National 622,532 575,838 Other 297,542 300,936 Total DAC - Life 4,952,262 4,528,420 Health United American 76,388 80,204 Family Heritage 425,145 394,925 Liberty National 134,728 128,338 American Income 59,890 51,820 Direct to Consumer 1,807 1,988 Total DAC - Health 697,958 657,275 Annuity 4,218 5,988 Tota l $ 5,654,438 $ 5,191,683

Liability for Unpaid Claims

Liability for Unpaid Claims	3 Months Ended
Liability for Unpaid Claims	Mar. 31, 2023
Insurance [Abstract]
Liability for Unpaid Claims	Note 8—Liability for Unpaid Claims Activity in the liability for unpaid health claims is summarized as follows: March 31, December 31, Balance at beginning of period $ 182,202 $ 171,109 Incurred related to: Current year 173,865 676,190 Prior year (1,923) (15,631) Total incurred 171,942 660,559 Paid related to: Current year 72,870 517,856 Prior year 99,876 131,610 Total paid 172,746 649,466 Balance at end of period $ 181,398 $ 182,202 Below is the reconciliation of the liability of " Policy claims and other benefits payable" in the Consolidated Balance Sheets . March 31, December 31, Policy claims and other benefits payable: Life insurance $ 307,898 $ 325,017 Health insurance 181,398 182,202 Total $ 489,296 $ 507,219

Postretirement Benefits

Postretirement Benefits	3 Months Ended
Postretirement Benefits	Mar. 31, 2023
Retirement Benefits [Abstract]
Postretirement Benefits	Note 9—Postretirement Benefits Globe Life has qualified noncontributory defined benefit pension plans (Pension Plans) and contributory savings plans that cover substantially all employees. There is also a nonqualified noncontributory supplemental executive retirement plan (SERP) that covers a limited number of officers. The tables included herein will focus on the Pension Plans and SERP. Pension Assets: The following table presents the assets of the Company's Pension Plans at March 31, 2023 and December 31, 2022. Pension Assets by Component at March 31, 2023 Fair Value Determined by: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Amount % of Corporate bonds: Financial $ — $ 22,482 $ — $ 22,482 4 Utilities — 20,838 — 20,838 4 Energy — 7,564 — 7,564 2 Other corporates — 26,433 — 26,433 5 Total corporate bonds — 77,317 — 77,317 15 Exchange traded fund (1) 276,478 — — 276,478 53 U.S. Government and Agency — 76,643 — 76,643 15 Other bonds — 202 — 202 — Guaranteed annuity contract (2) — 43,297 — 43,297 8 Short-term investments 23,016 — — 23,016 4 Other 12,379 — — 12,379 2 $ 311,873 $ 197,459 $ — 509,332 97 Other long-term investments (3) 13,767 3 Total pension assets $ 523,099 100 (1) A fund including marketable securities that mirror the S&P 500 index. (2) Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Collective Bargaining Agreement Employees Pension Plan. (3) Included in other long-term investments is an investment fund that reports the Globe Life Inc. Pension Plan's pro-rata share of the limited partnership's net asset value per share or its equivalent (NAV), as a practical expedient for fair value. The Globe Life Inc. Pension Plan owns less than 1% of the investment fund. As of March 31, 2023, the expected term of the investment fund is approximately 2 years and the commitment of the investment is fully funded. The investment is non-redeemable. Pension Assets by Component at December 31, 2022 Fair Value Determined by: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Amount % of Corporate bonds: Financial $ — $ 35,649 $ — $ 35,649 7 Utilities — 23,436 — 23,436 5 Energy — 12,776 — 12,776 3 Other corporates — 56,786 — 56,786 11 Total corporate bonds — 128,647 — 128,647 26 Exchange traded fund (1) 258,297 — — 258,297 52 U.S. Government and Agency — 44,213 — 44,213 9 Other bonds — 200 — 200 — Guaranteed annuity contract (2) — 43,116 — 43,116 8 Short-term investments 4,467 — — 4,467 1 Other 6,547 — — 6,547 1 $ 269,311 $ 216,176 $ — 485,487 97 Other long-term investments (3) 14,288 3 Total pension assets $ 499,775 100 (1) A fund including marketable securities that mirror the S&P 500 index. (2) Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Collective Bargaining Agreement Employees Pension Plan. (3) Included in other long-term investments is an investment fund that reports the Globe Life Inc. Pension Plan's pro-rata share of the limited partnership's net asset value per share or its equivalent (NAV), as a practical expedient for fair value. The Globe Life Inc. Pension Plan owns approximately 1% of the investment fund. As of December 31, 2022, the expected term of the investment fund was approximately 3 years and the commitment of the investment is fully funded. The investment is non-redeemable. SERP : The following table includes information regarding the SERP. Three Months Ended 2023 2022 Premiums paid for insurance coverage $ 443 $ 443 March 31, December 31, Total investments: Company owned life insurance $ 54,788 $ 54,681 Exchange traded funds 74,632 71,258 $ 129,420 $ 125,939 Pension Plans and SERP Liabilities : The following table presents liabilities for the defined benefit pension plans and SERP at March 31, 2023 and December 31, 2022. March 31, December 31, Pension Plans $ 517,770 $ 492,103 SERP 70,499 70,464 Pension benefit obligation $ 588,269 $ 562,567 Net Periodic Benefit Cost: The following table presents the net periodic benefit costs for the Pension Plans and SERP by expense components for the three months ended March 31, 2023 and 2022. Components of Net Periodic Benefit Cost Three Months Ended 2023 2022 Service cost $ 5,392 $ 8,655 Interest cost 7,834 6,123 Expected return on assets (9,656) (8,885) Amortization: Prior service cost 269 158 Actuarial (gain) loss (52) 3,209 Net periodic benefit cost $ 3,787 $ 9,260

Earnings Per Share

Earnings Per Share	3 Months Ended
Earnings Per Share	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 10—Earnings Per Share Earnings per Share : A reconciliation of basic and diluted weighted-average shares outstanding used in the computation of basic and diluted earnings per share is as follows: Three Months Ended 2023 2022 Basic weighted average shares outstanding 96,388,211 99,273,616 Weighted average dilutive options outstanding 1,522,889 976,758 Diluted weighted average shares outstanding 97,911,100 100,250,374 Antidilutive shares 209,870 563,991

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	Note 11—Debt The following table presents information about the terms and outstanding balances of Globe Life's debt. Selected Information about Debt Issues As of March 31, December 31, Instrument Issue Date Maturity Date Coupon Rate Par Unamortized Discount & Issuance Costs Book Fair Book Senior notes 5/27/1993 5/15/2023 7.875% $ 165,612 $ (38) $ 165,574 $ 164,746 $ 165,500 Senior notes 9/27/2018 9/15/2028 4.550% 550,000 (4,229) 545,771 546,348 545,601 Senior notes 8/21/2020 8/15/2030 2.150% 400,000 (3,668) 396,332 323,984 396,219 Senior notes (1) 5/19/2022 6/15/2032 4.800% 250,000 (4,412) 245,588 241,275 245,493 Junior subordinated debentures 11/17/2017 11/17/2057 5.275% 125,000 (1,585) 123,415 124,265 123,410 Junior subordinated debentures 6/14/2021 6/15/2061 4.250% 325,000 (7,752) 317,248 248,300 317,229 1,815,612 (21,684) 1,793,928 1,648,918 1,793,452 Less current maturity of long-term debt 165,612 (38) 165,574 164,746 165,500 Total long-term debt 1,650,000 (21,646) 1,628,354 1,484,172 1,627,952 Current maturity of long-term debt 165,612 (38) 165,574 164,746 165,500 FHLB borrowings 45,000 — 45,000 45,000 — Commercial paper 305,000 (1,327) 303,673 303,673 283,603 Total short-term debt 515,612 (1,365) 514,247 513,419 449,103 Total deb t $ 2,165,612 $ (23,011) $ 2,142,601 $ 1,997,591 $ 2,077,055 (1) An additional $150 million par value and book value is held by insurance subsidiaries that eliminates in consolidation. The commercial paper has the highest priority of all unsecured debt, followed by senior notes then junior subordinated debentures. The senior notes due 2023 are noncallable, the remaining senior notes are callable under a make-whole provision, and the junior subordinated debentures are subject to an optional redemption five years from issuance. Interest on the 4.25% junior subordinated debentures is payable quarterly while all other long-term debt is payable semi-annually. Federal Home Loan Bank (FHLB) : FHLB membership provides our insurance subsidiaries with access to various low-cost collateralized borrowings and funding agreements. The membership requires ownership of FHLB common stock, as well as the purchase of activity-based common stock equal to approximately 4.1% of outstanding borrowings. Globe Life owns $16.0 million in FHLB common stock as of March 31, 2023 and $14.3 million as of December 31, 2022. The FHLB stock is restricted for the duration of the membership and recorded at cost (par) as required by applicable guidance. The FHLB stock is included in "Other long-term investments " in the Consolidated Balance Sheets. Borrowings with the FHLB are subject to the availability of pledged assets at Globe Life. As of March 31, 2023, Globe Life's maximum borrowing capacity under the FHLB facility was approximately $633 million, based on pledged assets with a fair value of $850 million. As of March 31, 2023, $43 million in funding agreements were outstanding with the FHLB, compared to $23 million as of December 31, 2022. This amount is included in "Other policyholders' funds" on the Consolidated Balance Sheets . In addition, the Company had $45 million in short-term borrowings from the FHLB as of March 31, 2023, compared to $0 as of December 31, 2022, and this amount is recorded in "Short-term debt" on the Consolidated Balance Sheets .

Business Segments

Business Segments	3 Months Ended
Business Segments	Mar. 31, 2023
Segment Reporting [Abstract]
Business Segments	Note 12—Business Segments Globe Life is organized into four segments: life insurance, supplemental health insurance, annuities, and investments. In addition, other expenses not included in these segments are reported in "Corporate & Other." Globe Life's reportable insurance segments are based on the insurance product lines it markets and administers: life insurance, supplemental health insurance, and annuities. These major product lines are set out as reportable segments because of the common characteristics of products within these categories, comparability of margins, and the similarity in regulatory environment and management techniques. There is also an investment segment that manages the investment portfolio and cash flow for the insurance segments and the corporate function, which has been retrospectively adjusted to exclude the interest on deferred acquisition costs due to the adoption of ASU 2018-12 and the interest on debt. The Company's chief operating decision makers evaluate the overall performance of the operations of the Company in accordance with these segments. Life insurance products marketed by Globe Life include traditional whole life and term life insurance. An immaterial amount of annuities sold as companion products are included in the life segment. Health insurance products are generally guaranteed renewable and include Medicare Supplement, critical illness, accident, and limited-benefit supplemental hospital and surgical coverage. Annuities include fixed-benefit contracts. The following tables present segment premium revenue by each of Globe Life's distribution channels. Three Months Ended March 31, 2023 Life Health Annuity Total Distribution Channel Amount % of Amount % of Amount % of Amount % of American Income $ 387,512 50 $ 29,594 9 $ — — $ 417,106 38 Direct to Consumer 247,667 32 17,248 5 — — 264,915 24 Liberty National 85,203 11 46,972 15 — — 132,175 12 United American 1,882 — 132,607 41 — — 134,489 12 Family Heritage 1,480 — 96,072 30 — — 97,552 9 Other 48,853 7 — — — — 48,853 5 $ 772,597 100 $ 322,493 100 $ — — $ 1,095,090 100 Three Months Ended March 31, 2022 Life Health Annuity Total Distribution Channel Amount % of Total Amount % of Total Amount % of Total Amount % of Total American Income $ 370,106 49 $ 28,766 9 $ — — $ 398,872 37 Direct to Consumer 245,732 33 17,928 6 — — 263,660 25 Liberty National 80,560 11 47,760 15 — — 128,320 12 United American 2,074 — 131,690 42 — — 133,764 13 Family Heritage 1,359 — 89,540 28 — — 90,899 8 Other 49,297 7 — — — — 49,297 5 $ 749,128 100 $ 315,684 100 $ — — $ 1,064,812 100 Due to the nature of the life insurance industry, Globe Life has no individual or group that would be considered a major customer. Substantially all of Globe Life's business is conducted in the United States. The measure of profitability established by the chief operating decision makers for the insurance segments is underwriting margin before other income and administrative expenses, in accordance with the manner in which the segments are managed. It essentially represents gross profit margin on insurance products before insurance administrative expenses and consists primarily of premium less net policy benefits, acquisition expenses, and commissions. Required interest on policy liabilities is reflected as a component of the Investment segment (rather than as a component of underwriting margin in the insurance and annuity segments) in order to match this cost with the investment income earned on the assets supporting the policy liabilities. The measure of profitability for the Investment segment is excess investment income, representing the income earned on the investment portfolio in excess of policy requirements. During the implementation of ASU 2018-12, the Company reviewed its segment disclosures and modified the measure of profitability of our Investment Segment due to the adoption impact of the standard and to align more appropriately with how we view and measure this segment. As of January 1, 2023, this measure was retrospectively adjusted to exclude the interest on deferred acquisition costs due to the adoption of ASU 2018-12 and the interest expense on debt. Other than the above-mentioned interest allocations, no other intersegment revenues or expenses are recognized. Expenses directly attributable to corporate operations are included in the “Corporate & Other” category. Stock-based compensation expense is considered a corporate expense by Globe Life management and is included in this category. All other unallocated revenues and expenses on a pretax basis, including insurance administrative expense and interest on debt, are also included in the “Corporate & Other” segment category. Globe Life holds a sizable investment portfolio to support its insurance liabilities, the yield from which is used to offset policy benefit, acquisition, administrative and tax expenses. This yield or investment income is taken into account when establishing premium rates and profitability expectations for its insurance products. From time to time, investments are sold or called, or experience a credit loss event, each of which is reflected by the Company as realized gain (loss)—investments. These gains or losses generally occur as a result of disposition due to issuer calls, compliance with Company investment policies, or other reasons often beyond management’s control. Unlike investment income, realized gains and losses are incidental to insurance operations, and only overall yields are considered when setting premium rates or insurance product profitability expectations. While these gains and losses are not relevant to segment profitability or core operating results, they can have a material positive or negative result on net income. For these reasons, management removes realized investment gains and losses when it views its segment operations. Management removes items that are related to prior periods when evaluating the operating results of current periods. Management also removes non-operating items unrelated to the Company's core insurance activities when evaluating those results. Therefore, these items are excluded in its presentation of segment results because accounting guidance requires that operating segment results be presented as management views its business. With the exception of the administrative settlements noted in the paragraphs above, all of these items are included in “Other operating expense” in the Condensed Consolidated Statements of Operations for the appropriate year. See additional detail below in the tables. The following tables set forth a reconciliation of Globe Life's revenues and operations by segment to its major income statement line items. See Note 1—Significant Accounting Policies for additional information concerning reconciling items of segment profits to pretax income. Three Months Ended March 31, 2023 Life Health Annuity Investment Corporate & Other Adjustments Consolidated Revenue: Premium $ 772,597 $ 322,493 $ — $ — $ — $ — $ 1,095,090 Net investment income — — — 257,105 — — 257,105 Other income — — — — 50 — 50 Total revenue 772,597 322,493 — 257,105 50 — 1,352,245 Expenses: Policy benefits 507,977 190,962 7,541 1,447 — — 707,927 Required interest on reserves (189,821) (26,323) (10,259) 226,403 — — — Amortization of acquisition costs 79,589 12,308 425 — — — 92,322 Commissions, premium taxes, and non-deferred acquisition costs 83,578 54,214 5 — — — 137,797 Insurance administrative expense (1) — — — — 73,907 73,907 Parent expense — — — — 2,585 — 2,585 Stock-based compensation expense — — — — 7,679 — 7,679 Interest expense — — — — 24,867 — 24,867 Total expenses 481,323 231,161 (2,288) 227,850 109,038 — 1,047,084 Subtotal 291,274 91,332 2,288 29,255 (108,988) — 305,161 Non-operating items — — — — — — Measure of segment profitability (pretax) $ 291,274 $ 91,332 $ 2,288 $ 29,255 $ (108,988) $ — 305,161 Realized gain (loss)—investments (30,927) Income before income taxes per Condensed Consolidated Statements of Operations $ 274,234 (1) Administrative expense is not allocated to insurance segments. Three Months Ended March 31, 2022 Life Health Annuity Investment Corporate & Other Adjustments Consolidated Revenue: Premium $ 749,128 $ 315,684 $ — $ — $ — $ — $ 1,064,812 Net investment income — — — 244,894 — — 244,894 Other income — — — — 164 — 164 Total revenue 749,128 315,684 — 244,894 164 — 1,309,870 Expenses: Policy obligations 495,429 189,018 8,642 1,060 — — 694,149 Required interest on reserves (181,372) (25,270) (11,367) 218,009 — — — Amortization of acquisition costs 71,929 12,114 453 — — — 84,496 Commissions, premium taxes, and non-deferred acquisition costs 73,548 51,952 9 — — — 125,509 Insurance administrative expense (1) — — — — 72,565 112 (2) 72,677 Parent expense — — — — 2,640 2,640 Stock-based compensation expense — — — — 9,035 — 9,035 Interest expense — — — — 19,944 — 19,944 Total expenses 459,534 227,814 (2,263) 219,069 104,184 112 1,008,450 Subtotal 289,594 87,870 2,263 25,825 (104,020) (112) 301,420 Non-operating items — — — — — 112 (2) 112 Measure of segment profitability (pretax) $ 289,594 $ 87,870 $ 2,263 $ 25,825 $ (104,020) $ — 301,532 Realized gain (loss)—investments (7,244) Non-operating expenses (112) Income before income taxes per Condensed Consolidated Statements of Operations $ 294,176 (1) Administrative expense is not allocated to insurance segments. (2) Non-operating expenses.

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 13—Subsequent Events Subsequent to the balance sheet date, the Company closed on a $170 million delayed draw term loan in April 2023 with an 18-month term and a variable interest rate. The proceeds from the term loan will be used to retire the 7.875% Senior Notes maturing on May 15, 2023. During the quarter, we reviewed available information to evaluate whether an expected credit loss allowance should be established related to our holdings of First Republic Bank. Based on our review, which included analyst reports, public company information, and investment and business news relative to current events, we determined no allowance was needed. Subsequent to March 31, 2023, it was announced First Republic Bank had entered receivership effective April 30, 2023. The Company had $38.6 million outstanding, at amortized cost, with First Republic Bank as of March 31, 2023 with no associated allowance for credit losses. As of May 9, 2023, the fair value of the investment in First Republic Bank was $0.4 million.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation : The accompanying condensed consolidated financial statements of Globe Life have been prepared in accordance with the instructions to Form 10-Q. Therefore, they do not include all of the disclosures required by accounting principles generally accepted in the United States of America (GAAP) for annual financial statements. However, in the opinion of management, these statements include all adjustments, consisting of normal recurring adjustments, which are necessary for a fair presentation of the condensed consolidated financial position at March 31, 2023, and the condensed consolidated results of operations, comprehensive income, and cash flows for the periods ended March 31, 2023 and 2022. The interim period condensed consolidated financial statements should be read in conjunction with the Consolidated Financial Statements that are included in the Form 10-K filed with the Securities Exchange Commission (SEC) on February 23, 2023.
Use of Estimates	Use of Estimates : The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. See further documentation in the significant accounting policies or the accompanying notes.
Significant Accounting Policy Updates	Significant Accounting Policy Updates : The following accounting policies were updated since the 2022 Form 10-K due to the adoption of ASU 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts (ASU 2018-12). Refer to Note 2—New Acc ounting Stan dards
Future Policy Benefits	Future Policy Benefits— The liability for future policy benefits for traditional and limited-payment long duration life and health products comprises approximately 91% of the total liability for future policy benefits. The liability is determined each reporting period based on the net level premium method. This method requires the liability for future policy benefits be calculated as the present value of estimated future policyholder benefits and the related termination expenses, less the present value of estimated future net premiums to be collected from policyholders. Net level premiums reflect a recomputed net premium ratio 1 using actual experience since the issue date or the Transition Date, and expected future experience. The liability is accrued as premium revenue is recognized and adjusted for differences between actual and expected experience. Long-duration insurance contracts issued by the Company are grouped into cohorts based on the contract issue year, distribution channel, legal entity and product type. Both the present value of expected future benefit payments and the present value of expected future net premiums are based primarily on assumptions of discount rates, mortality, morbidity, lapse, and persistency. Each quarter, the Company remeasures its liability for future policy benefits using current discount rates with the effect of the change recognized in Other Comprehensive Income, a component of shareholders’ equity. In addition, the Company recognizes a liability remeasurement gain or loss within the Condensed Consolidated Statements of Operations using original discount rates, and relating to actual experience under the net premium calculation, as compared to the prior reporting period assumptions. The Company reviews, and updates as necessary, its cash flow assumptions (mortality, morbidity, lapses and persistency) used to calculate the change in the liability for future policy benefits at least annually. These cash flow assumptions are reviewed at the same time every year, or more frequently, if suggested by experience. If cash flow assumptions are changed, the net premium ratio is recalculated from the original issue date, or the Transition Date, using actual experience and projected future cash flows. When the expected future net premiums exceed the expected future gross premiums, or the present value of future policyholder benefits exceeds the present value of expected future gross premiums, the liability for future policy benefits is adjusted with changes recognized in policyholder benefits on the Condensed Consolidated Statements of Operations . The cash flow assumptions do not include an adjustment for adverse deviation. Mortality tables used for individual life insurance include various industry tables and reflect modifications based on Company experience. Morbidity assumptions for individual health are based on Company experience and industry data. Lapse and persistency assumptions are based on Globe Life's experience. The liability for future policy benefits is discounted as noted above, using a current upper-medium grade fixed-income instrument yield that reflects the duration characteristics of the liability for future policy benefits. The methodology for determining current discount rates consists of constructing a discount rate curve intended to be reflective of the currency and tenor of the insurance liability cash flows. The methodology is designed to prioritize observable inputs based on market data available in the local debt markets denominated in the same currency as the policies. For the discount rates applicable to tenors for which the single-A debt market is not liquid or there is little or no observable market data, the Company will use estimation techniques consistent with the fair value guidance in ASC 820. We further accrete interest as a component of policyholder benefits using the original discount rate that is locked-in during the year of contract issuance. The original discount rates (or the locked-in discount rates) are used for interest accretion purposes and for the determination of net premiums, whereas the current discount rates are used for purposes of valuing the liability. The liability for future policy benefits for annuity and interest sensitive life-type products is represented by policy account value. For limited-payment contracts, a deferred profit liability is also recorded, with changes recognized in income over the life of the contract in proportion to the amount of insurance in force.
Deferred Acquisition Costs	Deferred Acquisition Costs— Certain costs of acquiring new insurance business are deferred and recorded as an asset. These costs are capitalized on a grouped contract basis and amortized over the expected term of the related contracts, and are essential for the acquisition of new insurance business. Deferred acquisition costs (DAC) are directly related to the successful issuance of an insurance contract, and primarily include sales commissions, policy issue costs, direct to consumer advertising costs, and underwriting costs. Additionally, DAC includes the value of business acquired (VOBA), which are the costs of acquiring blocks of insurance from other companies or through the acquisition of other companies. These costs represent the difference between the fair value of the contractual insurance assets acquired and liabilities assumed, compared against the assets and liabilities for insurance contracts that the Company issues or holds measured in accordance with GAAP. DAC is amortized on a constant-level basis over the expected term of the grouped contracts, with the related expense included in amortization of deferred acquisition costs on the Condensed Consolidated Statements of Operations . The in-force metric used to compute the DAC amortization rate is annualized premium in force. The assumptions used to amortize acquisition costs include mortality, morbidity, and persistency. These assumptions are reviewed at least annually and revised in conjunction with any change in the future policy benefit assumptions. The effect of changes in the assumptions are recognized over the remaining expected contract term as a revision of future amortization amounts.
Accounting Pronouncements Adopted and Accounting Pronouncements Yet to be Adopted	Accounting Pronouncements Adopted in the Current Year : On January 1, 2023, the Company adopted ASU 2018-12 on a modified retrospective basis as of the transition date (Transition Date) of January 1, 2021 . Accounting Pronouncements Yet to be Adopted : ASU No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions, adds disclosure requirements specific to equity securities subject to contractual sale restrictions. The disclosures clarify the nature of the contractual sale as well as the duration of the restriction and the circumstances that could cause a lapse in the restriction. This standard is effective for the Company on January 1, 2024, and will be implemented on a prospective basis. The Company does not expect the standard will have a material impact on the Consolidated Financial Statements.

New Accounting Standards (Table

New Accounting Standards (Tables)	3 Months Ended
New Accounting Standards (Tables)	Mar. 31, 2023
Accounting Changes and Error Corrections [Abstract]
Liability for Future Policy Benefit, Activity	The following tables summarize the balance of and changes to the liability for future policy benefits for traditional life and health long-duration contracts on the Transition Date due to the adoption of ASU 2018-12: Net Liability for Future Policy Benefits - Long Duration Life American Income DTC Liberty National Other Total Balance, net of reinsurance, at original discount rates as of December 31, 2020 $ 3,541,317 $ 2,492,226 $ 2,140,071 $ 2,736,804 $ 10,910,418 Effect of changes in discount rate assumptions 3,334,600 2,195,430 1,229,610 2,297,835 9,057,475 Effect of capping and flooring (1) — 16,899 2,433 2 19,334 Balance, net of reinsurance, at current discount rates as of January 1, 2021 $ 6,875,917 $ 4,704,555 $ 3,372,114 $ 5,034,641 $ 19,987,227 Net liability for Future Policy Benefits - Long Duration Health United American Family Heritage Liberty National American Income DTC Total Balance, net of reinsurance, at original discount rates as of December 31, 2020 $ 131,505 $ 1,383,128 $ 501,312 $ 101,998 $ (2,941) $ 2,115,002 Effect of changes in discount rate assumptions 75,652 497,250 219,992 60,366 346 853,606 Effect of capping and flooring (1) 6,506 — 19,324 — 4,193 30,023 Balance, net of reinsurance, at current discount rates as of January 1, 2021 $ 213,663 $ 1,880,378 $ 740,628 $ 162,364 $ 1,598 $ 2,998,631 The following table presents total policy liabilities, both before and after the Transition Date: January 1, December 31, 2021 2020 Future policy benefits: Net liability for future policy benefits—long duration life $ 19,987,227 $ 10,910,418 Net liability for future policy benefits—long duration health 2,998,631 2,115,002 Additional insurance liabilities (1),(2) 2,008,399 2,218,116 Total future policy benefits 24,994,257 15,243,536 Unearned and advance premium (1) 243,369 61,728 Policy claims and other benefits payable (1) 473,524 399,507 Other policyholders' funds (1) 98,459 97,968 Total policy liabilities $ 25,809,609 $ 15,802,739 (1) In addition to the discount rate related adjustments to future policy benefits, the Company reclassified certain balances within total policy liabilities on the Consolidated Balance Sheets as a result of adopting ASU 2018-12. The reclassifications had an immaterial impact on Shareholders' Equity. See table summarizing the transition adjustments to Shareholders' Equity below. (2) The Company's additional insurance liabilities consist primarily of: 1) deferred profit liability on limited-payment contracts; and 2) reserves on deferred annuity and interest sensitive life blocks of business. See Note 6—Policy Liabilities The following tables summarize balances and changes in the net liability for future policy benefits, before reinsurance, for traditional life long-duration contracts: Life Present value of expected future net premiums American Income DTC Liberty National Other Total Balance at January 1, 2022 $ 4,925,192 $ 7,264,905 $ 1,332,469 $ 559,972 $ 14,082,538 Beginning balance at original discount rates 3,906,098 5,533,741 1,040,242 416,141 10,896,222 Effect of changes in assumptions of future cash flows — — — — — Effect of actual variances from expected experience (4,315) (29,595) (625) 1,652 (32,883) Adjusted balance at January 1, 2022 3,901,783 5,504,146 1,039,617 417,793 10,863,339 Issuances (1) 215,926 173,775 22,965 7,300 419,966 Interest accrual (2) 43,074 67,608 12,810 5,172 128,664 Net premiums collected (3) (120,203) (149,757) (31,627) (10,831) (312,418) Effect of changes in the foreign exchange rate 2,900 — — — 2,900 Ending balance at original discount rates 4,043,480 5,595,772 1,043,765 419,434 11,102,451 Effect of change from original to current discount rates 603,267 1,114,883 181,223 92,398 1,991,771 Balance at March 31, 2022 $ 4,646,747 $ 6,710,655 $ 1,224,988 $ 511,832 $ 13,094,222 Balance at January 1, 2023 $ 4,273,156 $ 5,910,224 $ 1,094,407 $ 470,741 $ 11,748,528 Beginning balance at original discount rates 4,246,723 5,680,864 1,066,123 449,209 11,442,919 Effect of changes in assumptions of future cash flows — — — — — Effect of actual variances from expected experience (29,981) (47,988) (5,590) (1,886) (85,445) Adjusted balance at January 1, 2023 4,216,742 5,632,876 1,060,533 447,323 11,357,474 Issuances (1) 192,555 168,952 30,142 7,241 398,890 Interest accrual (2) 47,898 70,991 13,288 5,670 137,847 Net premiums collected (3) (127,239) (153,919) (33,188) (11,557) (325,903) Effect of changes in the foreign exchange rate (3,999) — — — (3,999) Ending balance at original discount rates 4,325,957 5,718,900 1,070,775 448,677 11,564,309 Effect of change from original to current discount rates 141,680 391,650 57,308 34,379 625,017 Balance at March 31, 2023 $ 4,467,637 $ 6,110,550 $ 1,128,083 $ 483,056 $ 12,189,326 (1) Issuances represent the present value, using the original discount rate, of the expected net premiums related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected net premiums, as well as the interest on actual net premiums earned during the period, using the original interest rate. (3) Net premiums collected represent the product of the current period net premium ratio, and the gross premiums collected during the period on the in-force business. Life Present value of expected future policy benefits American Income DTC Liberty National Other Total Balance at January 1, 2022 $ 11,773,519 $ 11,859,408 $ 4,542,697 $ 5,488,684 $ 33,664,308 Beginning balance at original discount rates 7,744,201 8,157,259 3,206,164 3,267,306 22,374,930 Effect of changes in assumptions of future cash flows — — — — — Effect of actual variances from expected experience (2,959) (25,850) 153 1,680 (26,976) Adjusted balance at January 1, 2022 7,741,242 8,131,409 3,206,317 3,268,986 22,347,954 Issuances (1) 215,926 173,775 22,965 7,300 419,966 Interest accrual (2) 100,336 106,928 42,230 48,280 297,774 Benefit payments (3) (104,321) (173,611) (63,457) (34,297) (375,686) Effect of changes in the foreign exchange rate 6,511 — — — 6,511 Ending balance at original discount rates 7,959,694 8,238,501 3,208,055 3,290,269 22,696,519 Effect of change from original to current discount rates 2,692,562 2,511,848 858,179 1,558,106 7,620,695 Balance at March 31, 2022 $ 10,652,256 $ 10,750,349 $ 4,066,234 $ 4,848,375 $ 30,317,214 Balance at January 1, 2023 $ 9,119,104 $ 9,225,451 $ 3,429,256 $ 3,976,150 $ 25,749,961 Beginning balance at original discount rates 8,409,761 8,477,892 3,272,980 3,403,704 23,564,337 Effect of changes in assumptions of future cash flows — — — — — Effect of actual variances from expected experience (31,526) (48,947) (7,054) (2,896) (90,423) Adjusted balance at January 1, 2023 8,378,235 8,428,945 3,265,926 3,400,808 23,473,914 Issuances (1) 192,555 168,952 30,142 7,241 398,890 Interest accrual (2) 109,329 112,768 43,256 50,378 315,731 Benefit payments (3) (96,674) (147,061) (54,730) (30,892) (329,357) Effect of changes in the foreign exchange rate (9,711) — — — (9,711) Ending balance at original discount rates 8,573,734 8,563,604 3,284,594 3,427,535 23,849,467 Effect of change from original to current discount rates 1,063,729 1,061,076 274,418 738,992 3,138,215 Balance at March 31, 2023 $ 9,637,463 $ 9,624,680 $ 3,559,012 $ 4,166,527 $ 26,987,682 (1) Issuances represent the present value, using the original discount rate, of the expected future policy benefits related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected future policy benefits, as well as the interest on actual benefits and expenses paid during the period, using the original interest rate. (3) Benefit payments represent the release of the present value, using the original discount rate, of the actual future policy benefits incurred during the period due to death, lapse, and maturity benefit payments based on the revised expected assumptions. Life Net liability for future policy benefits as of March 31, 2022 American Income DTC Liberty National Other Total Net liability for future policy benefits at original discount rates $ 3,916,214 $ 2,642,729 $ 2,164,290 $ 2,870,835 $ 11,594,068 Effect of changes in discount rate assumptions 2,089,295 1,396,965 676,956 1,465,708 5,628,924 Net liability for future policy benefits at current discount rates 6,005,509 4,039,694 2,841,246 4,336,543 17,222,992 Other Adjustments (1) (11) 2,820 (10,446) (43,598) (51,235) Net liability for future policy benefits, after other adjustments, at current discount rates $ 6,005,498 $ 4,042,514 $ 2,830,800 $ 4,292,945 $ 17,171,757 (1) Other adjustments include the Company's reinsurance recoverable and the effects of capping and flooring the liability. Life Net liability for future policy benefits as of March 31, 2023 American Income DTC Liberty National Other Total Net liability for future policy benefits at original discount rates $ 4,247,777 $ 2,844,704 $ 2,213,819 $ 2,978,858 $ 12,285,158 Effect of changes in discount rate assumptions 922,049 669,426 217,110 704,613 2,513,198 Net liability for future policy benefits at current discount rates 5,169,826 3,514,130 2,430,929 3,683,471 14,798,356 Other Adjustments (1) (46) 4,546 486 (36,765) (31,779) Net liability for future policy benefits, after other adjustments, at current discount rates $ 5,169,780 $ 3,518,676 $ 2,431,415 $ 3,646,706 $ 14,766,577 (1) Other adjustments include the Company's reinsurance recoverable and the effects of capping and flooring the liability. The following tables summarize balances and changes in the net liability for future policy benefits for long-duration health contracts: Health Present value of expected future net premiums United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2022 $ 3,611,659 $ 1,944,714 $ 517,368 $ 222,553 $ 121,724 $ 6,418,018 Beginning balance at original discount rates 2,949,851 1,688,590 414,409 178,801 96,776 5,328,427 Effect of changes in assumptions of future cash flows — — — — — — Effect of actual variances from expected experience (49,560) (15,162) (15,462) (2,465) (1,880) (84,529) Adjusted balance at January 1, 2022 2,900,291 1,673,428 398,947 176,336 94,896 5,243,898 Issuances (1) 90,034 53,518 10,815 10,452 880 165,699 Interest accrual (2) 30,339 14,940 4,872 1,831 1,182 53,164 Net premiums collected (3) (62,895) (42,751) (12,883) (5,252) (2,550) (126,331) Effect of changes in the foreign exchange rate — — — 312 — 312 Ending balance at original discount rates 2,957,769 1,699,135 401,751 183,679 94,408 5,336,742 Effect of change from original to current discount rates 379,383 91,102 61,701 24,385 15,326 571,897 Balance at March 31, 2022 $ 3,337,152 $ 1,790,237 $ 463,452 $ 208,064 $ 109,734 $ 5,908,639 Balance at January 1, 2023 $ 2,908,501 $ 1,594,992 $ 423,490 $ 190,296 $ 90,143 $ 5,207,422 Beginning balance at original discount rates 2,941,261 1,729,219 415,442 192,631 87,751 5,366,304 Effect of changes in assumptions of future cash flows — — — — — — Effect of actual variances from expected experience (34,132) (18,758) (16,585) (1,621) (2,573) (73,669) Adjusted balance at January 1, 2023 2,907,129 1,710,461 398,857 191,010 85,178 5,292,635 Issuances (1) 75,839 67,787 13,303 10,212 2,392 169,533 Interest accrual (2) 31,587 16,199 4,890 2,036 1,057 55,769 Net premiums collected (3) (65,914) (43,979) (12,403) (5,424) (2,661) (130,381) Effect of changes in the foreign exchange rate — — — (388) — (388) Ending balance at original discount rates 2,948,641 1,750,468 404,647 197,446 85,966 5,387,168 Effect of change from original to current discount rates 49,082 (86,054) 16,800 3,220 4,277 (12,675) Balance at March 31, 2023 $ 2,997,723 $ 1,664,414 $ 421,447 $ 200,666 $ 90,243 $ 5,374,493 (1) Issuances represent the present value, using the original discount rate, of the expected net premiums related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected net premiums, as well as the interest on actual net premiums earned during the period, using the original interest rate. (3) Net premiums collected represent the product of the current period net premium ratio, and the gross premiums collected during the period on the in-force business. Health Present value of expected future policy benefits United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2022 $ 3,810,559 $ 3,840,322 $ 1,201,317 $ 380,915 $ 119,888 $ 9,353,001 Beginning balance at original discount rates 3,090,901 3,193,342 921,608 285,604 95,628 7,587,083 Effect of changes in assumptions of future cash flows — — — — — — Effect of actual variances from expected experience (50,453) (15,668) (15,790) (2,645) (2,025) (86,581) Adjusted balance at January 1, 2022 3,040,448 3,177,674 905,818 282,959 93,603 7,500,502 Issuances (1) 89,904 53,518 10,866 10,452 876 165,616 Interest accrual (2) 32,308 29,583 12,120 3,432 1,182 78,625 Benefit payments (3) (67,243) (28,494) (23,065) (5,044) (3,389) (127,235) Effect of changes in the foreign exchange rate — — — 557 — 557 Ending balance at original discount rates 3,095,417 3,232,281 905,739 292,356 92,272 7,618,065 Effect of change from original to current discount rates 413,068 244,358 176,686 59,275 14,762 908,149 Balance at March 31, 2022 $ 3,508,485 $ 3,476,639 $ 1,082,425 $ 351,631 $ 107,034 $ 8,526,214 Balance at January 1, 2023 $ 3,046,829 $ 3,005,664 $ 941,574 $ 312,750 $ 87,532 $ 7,394,349 Beginning balance at original discount rates 3,080,633 3,336,344 904,865 303,713 85,212 7,710,767 Effect of changes in assumptions of future cash flows — — — — — — Effect of actual variances from expected experience (31,443) (19,779) (15,995) (1,578) (2,302) (71,097) Adjusted balance at January 1, 2023 3,049,190 3,316,565 888,870 302,135 82,910 7,639,670 Issuances (1) 75,683 67,787 13,285 10,212 2,388 169,355 Interest accrual (2) 33,480 32,289 11,840 3,668 1,057 82,334 Benefit payments (3) (78,563) (29,261) (23,976) (7,137) (3,354) (142,291) Effect of changes in the foreign exchange rate — — — (708) — (708) Ending balance at original discount rates 3,079,790 3,387,380 890,019 308,170 83,001 7,748,360 Effect of change from original to current discount rates 52,672 (212,708) 59,977 18,363 4,089 (77,607) Balance at March 31, 2023 $ 3,132,462 $ 3,174,672 $ 949,996 $ 326,533 $ 87,090 $ 7,670,753 (1) Issuances represent the present value, using the original discount rate, of the expected future policy benefits related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected future policy benefits, as well as the interest on actual benefits and expenses paid during the period, using the original interest rate. (3) Benefit payments represent the release of the present value, using the original discount rate, of the actual future policy benefits incurred during the period due to death, lapse, and maturity benefit payments based on the revised expected assumptions. Health Net liability for future policy benefits as of March 31, 2022 United American Family Heritage Liberty National American Income Direct to Consumer Total Net liability for future policy benefits at original discount rates $ 137,648 $ 1,533,146 $ 503,988 $ 108,677 $ (2,136) $ 2,281,323 Effect of changes in discount rate assumptions 33,685 153,256 114,985 34,890 (564) 336,252 Net liability for future policy benefits at current discount rates 171,333 1,686,402 618,973 143,567 (2,700) 2,617,575 Other Adjustments (1,812) (10,847) 1,508 12 3,812 (7,327) Net liability for future policy benefits, after other adjustments, at current discount rates $ 169,521 $ 1,675,555 $ 620,481 $ 143,579 $ 1,112 $ 2,610,248 (1) Other adjustments include the Company's reinsurance recoverable and the effects of capping and flooring the liability. Health Net liability for future policy benefits as of March 31, 2023 United American Family Heritage Liberty National American Income Direct to Consumer Total Net liability for future policy benefits at original discount rates 131,149 1,636,912 485,372 110,724 (2,965) 2,361,192 Effect of changes in discount rate assumptions 3,590 (126,654) 43,177 15,143 (188) (64,932) Net liability for future policy benefits at current discount rates 134,739 1,510,258 528,549 125,867 (3,153) 2,296,260 Other Adjustments 1,771 (9,362) 4,348 333 4,162 1,252 Net liability for future policy benefits, after other adjustments, at current discount rates $ 136,510 $ 1,500,896 $ 532,897 $ 126,200 $ 1,009 $ 2,297,512 (1) Other adjustments include the Company's reinsurance recoverable and the effects of capping and flooring the liability. The following table reconciles the liability for future policy benefits to the C onsolidated B alance S heets as of March 31, 2023: At Original Discount Rates At Current Discount Rates As of March 31, As of March 31, 2023 2022 2023 2022 Life (1) : American Income $ 4,247,758 $ 3,916,187 $ 5,169,780 $ 6,005,498 Direct to Consumer 2,844,707 2,642,729 3,518,676 4,042,514 Liberty National 2,206,288 2,153,030 2,431,415 2,830,800 Other 2,952,802 2,846,161 3,646,706 4,292,945 Net liability for future policy benefits—long duration life 12,251,555 11,558,107 14,766,577 17,171,757 Health (1) : United American 130,992 135,891 136,510 169,521 Family Heritage 1,626,881 1,524,185 1,500,896 1,675,555 Liberty National 488,546 505,319 532,897 620,481 American Income 111,096 108,693 126,200 143,579 Direct to Consumer 961 1,004 1,009 1,112 Net liability for future policy benefits—long duration health 2,358,476 2,275,092 2,297,512 2,610,248 Deferred profit liability 177,248 184,451 177,248 184,451 Deferred annuity 907,797 1,027,087 907,797 1,027,087 Interest sensitive life 737,900 744,244 737,900 744,244 Other 9,540 8,118 9,540 8,118 Total future policy benefits $ 16,442,516 $ 15,797,099 $ 18,896,574 $ 21,745,905 (1) Balances are presented net of the reinsurance recoverable and the effects of flooring the liability. The following tables provide the weighted-average original and current discount rates for the liability for future policy benefits and the additional insurance liabilities for the periods ended March 31, 2023 and 2022: Life Weighted-average Discount Rates March 31, 2023 March 31, 2022 American Income DTC Liberty National Other American Income DTC Liberty National Other Original discount rate 5.8 % 6.0 % 5.6 % 6.2 % 5.8 % 6.0 % 5.6 % 6.2 % Current discount rate 4.9 % 5.0 % 5.0 % 5.0 % 4.0 % 4.0 % 3.9 % 3.9 % Health Weighted-average Discount Rates March 31, 2023 March 31, 2022 United American Family Heritage Liberty National American Income DTC United American Family Heritage Liberty National American Income DTC Original discount rate 5.2 % 4.3 % 5.8 % 5.9 % 5.2 % 5.2 % 4.4 % 5.8 % 5.9 % 5.2 % Current discount rate 4.8 % 4.9 % 4.9 % 4.8 % 4.8 % 3.8 % 3.9 % 3.6 % 3.8 % 3.8 % The following table provides the weighted-average durations of the liability for future policy benefits and the additional insurance liabilities for the periods ended March 31, 2023 and 2022: March 31, 2023 2022 At original discount rates At current discount rates At original discount rates At current discount rates Life American Income 22.90 23.33 22.80 23.78 Direct to Consumer 20.24 21.82 20.81 22.93 Liberty National 14.94 15.63 15.08 16.85 Other 16.52 18.23 16.76 19.59 Health United American 11.40 10.80 11.68 11.83 Family Heritage 14.91 14.43 15.28 15.80 Liberty National 9.31 9.66 9.01 10.11 American Income 12.15 12.74 12.45 13.95 Direct to Consumer 11.40 10.80 11.68 11.83 The following tables summarize the amount of gross premiums and interest, net of reinsurance, related to long duration life and health contracts that are recognized in the Condensed Consolidated Statements of Operations : Life Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Gross Interest Gross Interest American Income $ 387,145 $ 61,431 $ 369,737 $ 57,262 Direct to Consumer 244,707 41,714 242,662 39,292 Liberty National 84,072 29,769 79,348 29,285 Other 51,835 44,275 52,387 42,697 Total $ 767,759 $ 177,189 $ 744,134 $ 168,536 Health Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Gross Interest Gross Interest United American $ 97,833 $ 1,822 $ 92,266 $ 1,914 Family Heritage 96,090 15,977 89,540 14,545 Liberty National 46,745 6,920 47,496 7,226 American Income 28,096 1,632 27,937 1,601 Direct to Consumer 3,542 — 3,536 — Total $ 272,306 $ 26,351 $ 260,775 $ 25,286 The following tables provide the undiscounted and discounted expected future net premiums, expected future gross premiums and expected future policy benefits, at both original and current discount rates, for life and health contracts: Life Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Not discounted At original discount rates At current discount rates Not discounted At original discount rates At current discount rates American Income PV of expected future net premiums $ 7,617,532 $ 4,325,957 $ 4,467,637 $ 7,115,131 $ 4,043,480 $ 4,646,747 PV of expected future gross premiums 23,041,514 13,054,486 13,575,751 21,851,854 12,374,587 14,324,455 PV of expected future policy benefits 28,821,998 8,573,734 9,637,463 26,930,450 7,959,694 10,652,256 DTC PV of expected future net premiums $ 10,832,386 $ 5,718,900 $ 6,110,550 $ 10,630,110 $ 5,595,772 $ 6,710,655 PV of expected future gross premiums 17,479,516 9,165,113 9,773,835 17,414,120 9,103,648 10,912,941 PV of expected future policy benefits 25,582,750 8,563,604 9,624,680 24,876,834 8,238,501 10,750,349 Liberty National PV of expected future net premiums $ 1,889,419 $ 1,070,775 $ 1,128,083 $ 1,855,371 $ 1,043,765 $ 1,224,988 PV of expected future gross premiums 4,453,139 2,599,082 2,667,795 4,265,146 2,485,460 2,848,626 PV of expected future policy benefits 8,658,766 3,284,594 3,559,012 8,514,395 3,208,055 4,066,234 Other PV of expected future net premiums $ 919,924 $ 448,677 $ 483,056 $ 869,727 $ 419,434 $ 511,832 PV of expected future gross premiums 3,798,669 1,920,302 2,126,949 3,907,011 1,950,624 2,441,512 PV of expected future policy benefits 12,392,224 3,427,535 4,166,527 12,277,130 3,290,269 4,848,375 Total PV of expected future net premiums $ 21,259,261 $ 11,564,309 $ 12,189,326 $ 20,470,339 $ 11,102,451 $ 13,094,222 PV of expected future gross premiums 48,772,838 26,738,983 28,144,330 47,438,131 25,914,319 30,527,534 PV of expected future policy benefits 75,455,738 23,849,467 26,987,682 72,598,809 22,696,519 30,317,214
Analysis of Deferred Acquisition Costs	The following table presents the Company's deferred policy acquisition costs, both before and after the Transition Date: January 1, December 31, 2021 2020 Life: American Income $ 1,647,761 $ 1,647,761 Direct to Consumer 1,498,970 1,498,435 Liberty National 531,504 531,504 Other 304,786 304,459 Total life 3,983,021 3,982,159 Health: United American 65,020 74,353 Family Heritage 364,751 364,751 Liberty National 124,754 124,888 American Income 39,477 39,477 Direct to Consumer 2,215 6,600 Total health 596,217 610,069 Annuity 8,309 3,216 Total DAC $ 4,587,547 $ 4,595,444 The following table presents the effect of transition adjustments due to the adoption of ASU 2018-12 on Shareholders' Equity: Retained Earnings Accumulated Other Comprehensive Income (Loss) Other (1) Total Shareholders’ Equity, as of December 31, 2020 $ 5,874,109 $ 3,029,244 $ (132,261) $ 8,771,092 Effect of changes in discount rate assumptions — (7,829,753) — (7,829,753) Effect of capping and flooring (38,992) — — (38,992) Effect of removal of unrealized gain (loss) on DAC — 4,704 — 4,704 Other adjustments 26,470 — — 26,470 Shareholders’ Equity, as of January 1, 2021 $ 5,861,587 $ (4,795,805) $ (132,261) $ 933,521 The following tables roll forward the deferred policy acquisition costs for the three months ended March 31, 2023 and 2022: Life American Income DTC Liberty National Other Total Balance at January 1, 2022 $ 1,960,254 $ 1,583,695 $ 566,419 $ 301,647 $ 4,412,015 Capitalizations 114,428 48,216 20,465 3,487 186,596 Amortization expense (33,513) (23,172) (11,046) (4,198) (71,929) Foreign exchange adjustment 1,738 — — — 1,738 Experience adjustment — — — — — Balance at March 31, 2022 $ 2,042,907 $ 1,608,739 $ 575,838 $ 300,936 $ 4,528,420 Balance at January 1, 2023 $ 2,258,291 $ 1,676,931 $ 610,723 $ 298,346 $ 4,844,291 Capitalizations 115,395 47,410 24,221 3,321 190,347 Amortization expense (38,299) (24,753) (12,412) (4,125) (79,589) Foreign exchange adjustment (2,787) — — — (2,787) Experience adjustment — — — — — Balance at March 31, 2023 $ 2,332,600 $ 1,699,588 $ 622,532 $ 297,542 $ 4,952,262 Health United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2022 $ 81,140 $ 388,967 $ 127,537 $ 49,406 $ 2,032 $ 649,082 Capitalizations 580 12,363 4,121 3,155 — 20,219 Amortization expense (1,516) (6,405) (3,320) (829) (44) (12,114) Foreign exchange adjustment — — — 88 — 88 Experience adjustment — — — — — — Balance at March 31, 2022 $ 80,204 $ 394,925 $ 128,338 $ 51,820 $ 1,988 $ 657,275 Balance at January 1, 2023 $ 77,394 $ 416,608 $ 133,096 $ 57,811 $ 1,854 $ 686,763 Capitalizations 507 15,097 4,882 3,143 — 23,629 Amortization expense (1,513) (6,560) (3,250) (938) (47) (12,308) Foreign exchange adjustment — — — (126) — (126) Experience adjustment — — — — — — Balance at March 31, 2023 $ 76,388 $ 425,145 $ 134,728 $ 59,890 $ 1,807 $ 697,958 The following table presents a reconciliation of deferred policy acquisition costs to the Consolidated Balance Sheets as of March 31, 2023: March 31, 2023 2022 Life American Income $ 2,332,600 $ 2,042,907 Direct to Consumer 1,699,588 1,608,739 Liberty National 622,532 575,838 Other 297,542 300,936 Total DAC - Life 4,952,262 4,528,420 Health United American 76,388 80,204 Family Heritage 425,145 394,925 Liberty National 134,728 128,338 American Income 59,890 51,820 Direct to Consumer 1,807 1,988 Total DAC - Health 697,958 657,275 Annuity 4,218 5,988 Tota l $ 5,654,438 $ 5,191,683
Schedule Of New Accounting Standards on Previously Reported Results	Effect of New Accounting Standards on Previously Reported Results : The impacts from the adoption of ASU 2018-12 on the Company's previously reported results included in these financial statements are as follows: Condensed Consolidated Balance Sheets December 31, 2022 As Previously Reported Adoption Impact As Adjusted Assets: Other receivables $ 484,887 $ 104,192 $ 589,079 Deferred acquisition costs 5,249,907 285,790 5,535,697 Liabilities: Future policy benefits 16,721,846 1,318,196 18,040,042 Unearned and advance premium 60,742 192,398 253,140 Policy claims and other benefits payable 430,027 77,192 507,219 Current and deferred income taxes 686,172 (251,523) 434,649 Shareholders' equity: Accumulated other comprehensive income (loss) (1,415,714) (1,374,599) (2,790,313) Retained earnings 6,466,220 428,315 6,894,535 Condensed Consolidated Statements of Operations Three Months Ended As Previously Reported Adoption Impact As Adjusted Revenue: Life premium $ 754,602 $ (5,474) $ 749,128 Health premium 317,000 (1,316) 315,684 Net investment income 243,834 1,060 244,894 Benefits and expenses: Life policyholder benefits 549,343 (53,914) 495,429 Health policyholder benefits 196,855 (7,837) 189,018 Other policyholder benefits 7,050 2,652 9,702 Amortization of deferred acquisition costs 158,384 (73,888) 84,496 Commissions, premium taxes, and non-deferred acquisition costs 90,813 34,696 125,509 Income before income taxes 201,615 92,561 294,176 Income tax benefit (expense) (37,254) (19,438) (56,692) Net income $ 164,361 $ 73,123 $ 237,484 Basic net income per common share $ 1.66 $ 0.73 $ 2.39 Diluted net income per common share $ 1.64 $ 0.73 $ 2.37 See Note 1—Significant Accounting Policies , Note 6—Policy Liabilities , and Note 7—DAC for additional information on the adoption.

Supplemental Information Abou_2

Supplemental Information About Changes to Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Schedule of Change in Balance by Component of Accumulated Other Comprehensive Income	An analysis of the change in balance by component of Accumulated Other Comprehensive Income is as follows for the three month periods ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Available Future Policy Benefits Foreign Pension Total Balance at January 1, 2023 $ (1,420,672) $ (1,369,204) $ (1,681) $ 1,244 $ (2,790,313) Other comprehensive income (loss) before reclassifications, net of tax 378,162 (569,503) (5,148) — (196,489) Reclassifications, net of tax 25,746 — — (37) 25,709 Other comprehensive income (loss) 403,908 (569,503) (5,148) (37) (170,780) Balance at March 31, 2023 $ (1,016,764) $ (1,938,707) $ (6,829) $ 1,207 $ (2,961,093) Three Months Ended March 31, 2022 Available Future Policy Benefits Foreign Pension Total Balance at January 1, 2022 $ 2,765,290 $ (6,915,910) $ 19,248 $ (103,676) $ (4,235,048) Other comprehensive income (loss) before reclassifications, net of tax (1,811,185) 2,216,355 3,341 — 408,511 Reclassifications, net of tax (3,184) — — 2,715 (469) Other comprehensive income (loss) (1,814,369) 2,216,355 3,341 2,715 408,042 Balance at March 31, 2022 $ 950,921 $ (4,699,555) $ 22,589 $ (100,961) $ (3,827,006)
Summary of Reclassifications Out of Accumulated Other Comprehensive Income	Reclassification adjustments out of Accumulated Other Comprehensive Income are presented below for the three month periods ended March 31, 2023 and 2022. Three Months Ended March 31, Affected line items in the Statements of Operations Component Line Item 2023 2022 Unrealized investment (gains) losses on available for sale assets: Realized (gains) losses $ 33,124 $ (4,937) Realized (gains) losses Amortization of (discount) premium (534) 907 Net investment income Total before tax 32,590 (4,030) Tax (6,844) 846 Income taxes Total after-tax 25,746 (3,184) Pension adjustments: Amortization of prior service cost 269 158 Other operating expense Amortization of actuarial (gain) loss (317) 3,279 Other operating expense Total before tax (48) 3,437 Tax 11 (722) Income taxes Total after-tax (37) 2,715 Total reclassification (after-tax) $ 25,709 $ (469)

Investments (Tables)

Investments (Tables)	3 Months Ended
Investments (Tables)	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Summary of Fixed Maturities and Equity Securities Available for Sale by Component	Summaries of fixed maturities available for sale by amortized cost, fair value, and allowance for credit losses at March 31, 2023 and December 31, 2022, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) are as follows. Redeemable preferred stock is included within "Corporates, by sector." At March 31, 2023 Amortized Allowance for Credit Losses Gross Gross Fair Value (1) % of Total Fixed Maturities (2) Fixed maturities available for sale: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 389,441 $ — $ 114 $ (27,482) $ 362,073 2 States, municipalities, and political subdivisions 2,894,161 — 41,407 (426,929) 2,508,639 15 Foreign governments 53,789 — 13 (11,282) 42,520 — Corporates, by sector: Financial 4,973,445 (26,040) 84,796 (453,394) 4,578,807 27 Utilities 1,958,888 — 70,798 (94,579) 1,935,107 11 Energy 1,434,766 — 38,477 (80,338) 1,392,905 8 Other corporate sectors 6,697,469 (6,727) 126,968 (557,390) 6,260,320 36 Total corporates 15,064,568 (32,767) 321,039 (1,185,701) 14,167,139 82 Collateralized debt obligations 36,778 — 8,724 — 45,502 — Other asset-backed securities 87,966 — 4 (6,958) 81,012 1 Total fixed maturities $ 18,526,703 $ (32,767) $ 371,301 $ (1,658,352) $ 17,206,885 100 (1) Amount reported in the balance sheet. (2) At fair value. The Company has exposure to banks as part of its fixed maturity portfolio. The Company’s bank securities had a fair value of $1.3 billion (8% of the total fixed maturity portfolio) at March 31, 2023 and December 31, 2022. At December 31, 2022 Amortized Allowance for Credit Losses Gross Gross Fair Value (1) % of Total Fixed Maturities (2) Fixed maturities available for sale: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 394,439 $ — $ 27 $ (38,968) $ 355,498 2 States, municipalities, and political subdivisions 2,791,030 — 24,328 (505,447) 2,309,911 14 Foreign governments 55,164 — 6 (12,706) 42,464 — Corporates, by sector: Financial 4,907,794 — 63,126 (504,489) 4,466,431 27 Utilities 1,924,190 — 36,670 (125,713) 1,835,147 11 Energy 1,436,598 — 22,637 (101,923) 1,357,312 8 Other corporate sectors 6,667,043 — 78,903 (738,772) 6,007,174 37 Total corporates 14,935,625 — 201,336 (1,470,897) 13,666,064 83 Collateralized debt obligations 37,098 — 13,266 — 50,364 — Other asset-backed securities 88,336 — 4 (9,276) 79,064 1 Total fixed maturities $ 18,301,692 $ — $ 238,967 $ (2,037,294) $ 16,503,365 100 (1) Amount reported in the balance sheet. (2) At fair value.
Schedule of Fixed Maturities by Contractual Maturity	A schedule of fixed maturities available for sale by contractual maturity date at March 31, 2023, is shown below on an amortized cost basis, net of allowance for credit losses, and on a fair value basis. Actual disposition dates could differ from contractual maturities due to call or prepayment provisions. At March 31, 2023 Amortized Fair Fixed maturities available for sale: Due in one year or less $ 169,491 $ 170,003 Due after one year through five years 1,113,684 1,118,421 Due after five years through ten years 1,691,785 1,717,908 Due after ten years through twenty years 7,976,112 7,740,695 Due after twenty years 7,418,120 6,333,344 Mortgage-backed and asset-backed securities 124,744 126,514 $ 18,493,936 $ 17,206,885
Schedule of Analysis of Investment Operations	"Net investment income" for the three month periods ended March 31, 2023 and 2022 is summarized as follows: Three Months Ended 2023 2022 % Change Fixed maturities available for sale $ 232,299 $ 225,284 3 Policy loans 11,755 11,428 3 Other long-term investments (1) 15,743 12,713 24 Short-term investments 1,595 2 261,392 249,427 5 Less investment expense (4,287) (4,533) (5) Net investment income $ 257,105 $ 244,894 5 (1) For the three months ended March 31, 2023 and 2022, the investment funds, accounted for under the fair value option method, recorded $11.3 million and $10.7 million of distributions, respectively, in net investment income. Refer to Other Long-Term Investments below for further discussion on the investment funds.
Schedule of Realized Gains (Losses) on Investments	Selected information about sales of fixed maturities available for sale is as follows: Three Months Ended 2023 2022 Fixed maturities available for sale: Proceeds from sales (1) $ 15,705 $ 75,116 Gross realized gains — 773 Gross realized losses (358) (3,679) (1) There were no unsettled sales in the periods ended March 31, 2023 and 2022. An analysis of "Realized gains (losses)" is as follows: Three Months Ended 2023 2022 Realized investment gains (losses): Fixed maturities available for sale: Sales and other (1) $ (357) $ 4,549 Provision for credit losses (32,767) 387 Fair value option—change in fair value 1,858 (5,338) Other investments 339 (6,842) Realized gains (losses) from investments (30,927) (7,244) Applicable tax 6,495 1,521 Realized gains (losses), net of tax $ (24,432) $ (5,723)
Schedule of Fair Value of Fixed Maturities Measured on a Recurring Basis	The following tables represent the fair value of fixed maturities measured on a recurring basis at March 31, 2023 and December 31, 2022: Fair Value Measurement at March 31, 2023 Using: Quoted Prices in Significant Other Significant Total Fair Fixed maturities available for sale U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ 362,073 $ — $ 362,073 States, municipalities, and political subdivisions — 2,508,639 — 2,508,639 Foreign governments — 42,520 — 42,520 Corporates, by sector: Financial — 4,445,091 133,716 4,578,807 Utilities — 1,822,748 112,359 1,935,107 Energy — 1,381,989 10,916 1,392,905 Other corporate sectors — 6,045,672 214,648 6,260,320 Total corporates — 13,695,500 471,639 14,167,139 Collateralized debt obligations — — 45,502 45,502 Other asset-backed securities — 81,012 — 81,012 Total fixed maturities $ — $ 16,689,744 $ 517,141 $ 17,206,885 Percentage of total — % 97 % 3 % 100 % Fair Value Measurement at December 31, 2022 Using: Quoted Prices in Significant Other Significant Total Fair Fixed maturities available for sale U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ 355,498 $ — $ 355,498 States, municipalities, and political subdivisions — 2,309,911 — 2,309,911 Foreign governments — 42,464 — 42,464 Corporates, by sector: Financial — 4,332,495 133,936 4,466,431 Utilities — 1,723,832 111,315 1,835,147 Energy — 1,346,212 11,100 1,357,312 Other corporate sectors — 5,785,442 221,732 6,007,174 Total corporates — 13,187,981 478,083 13,666,064 Collateralized debt obligations — — 50,364 50,364 Other asset-backed securities — 79,064 — 79,064 Total fixed maturities $ — $ 15,974,918 $ 528,447 $ 16,503,365 Percentage of total — % 97 % 3 % 100 % Analysis of Gross Unrealized Investment Losses At March 31, 2023 Less than Twelve Months Twelve Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities available for sale: Investment grade securities: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 275,114 $ (17,384) $ 84,691 $ (10,098) $ 359,805 $ (27,482) States, municipalities, and political subdivisions 601,542 (23,575) 1,219,137 (403,354) 1,820,679 (426,929) Foreign governments 15,491 (145) 25,555 (11,137) 41,046 (11,282) Corporates, by sector: Financial 1,355,645 (92,771) 1,482,482 (308,161) 2,838,127 (400,932) Utilities 304,897 (14,438) 474,873 (77,678) 779,770 (92,116) Energy 319,199 (11,489) 332,106 (58,433) 651,305 (69,922) Other corporate sectors 1,211,339 (64,035) 2,859,975 (470,663) 4,071,314 (534,698) Total corporates 3,191,080 (182,733) 5,149,436 (914,935) 8,340,516 (1,097,668) Collateralized debt obligations — — — — — — Other asset-backed securities 25,733 (696) 43,631 (5,454) 69,364 (6,150) Total investment grade securities 4,108,960 (224,533) 6,522,450 (1,344,978) 10,631,410 (1,569,511) Below investment grade securities: States, municipalities, and political subdivisions — — — — — — Corporates, by sector: Financial 79,716 (9,059) 106,971 (43,403) 186,687 (52,462) Utilities 8,265 (662) 20,166 (1,801) 28,431 (2,463) Energy — — 34,289 (10,416) 34,289 (10,416) Other corporate sectors 71,156 (4,350) 90,580 (18,342) 161,736 (22,692) Total corporates 159,137 (14,071) 252,006 (73,962) 411,143 (88,033) Collateralized debt obligations — — — — — — Other asset-backed securities — — 11,580 (808) 11,580 (808) Total below investment grade securities 159,137 (14,071) 263,586 (74,770) 422,723 (88,841) Total fixed maturities $ 4,268,097 $ (238,604) $ 6,786,036 $ (1,419,748) $ 11,054,133 $ (1,658,352) Analysis of Gross Unrealized Investment Losses At December 31, 2022 Less than Twelve Months Twelve Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities available for sale: Investment grade securities: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 349,887 $ (38,218) $ 3,424 $ (750) $ 353,311 $ (38,968) States, municipalities, and political subdivisions 1,767,624 (453,149) 95,124 (52,298) 1,862,748 (505,447) Foreign governments 6,297 (201) 25,134 (12,505) 31,431 (12,706) Corporates, by sector: Financial 2,837,918 (426,132) 109,784 (42,173) 2,947,702 (468,305) Utilities 1,088,219 (116,272) 21,636 (6,268) 1,109,855 (122,540) Energy 855,853 (91,755) — — 855,853 (91,755) Other corporate sectors 4,155,986 (665,831) 94,299 (42,344) 4,250,285 (708,175) Total corporates 8,937,976 (1,299,990) 225,719 (90,785) 9,163,695 (1,390,775) Collateralized debt obligations — — — — — — Other asset-backed securities 60,157 (5,223) 7,960 (2,435) 68,117 (7,658) Total investment grade securities 11,121,941 (1,796,781) 357,361 (158,773) 11,479,302 (1,955,554) Below investment grade securities: States, municipalities, and political subdivisions — — — — — — Corporates, by sector: Financial 120,377 (18,901) 38,348 (17,283) 158,725 (36,184) Utilities 27,722 (3,173) — — 27,722 (3,173) Energy 14,480 (2,182) 20,075 (7,986) 34,555 (10,168) Other corporate sectors 166,159 (25,962) 6,670 (4,635) 172,829 (30,597) Total corporates 328,738 (50,218) 65,093 (29,904) 393,831 (80,122) Collateralized debt obligations — — — — — — Other asset-backed securities — — 10,874 (1,618) 10,874 (1,618) Total below investment grade securities 328,738 (50,218) 75,967 (31,522) 404,705 (81,740) Total fixed maturities $ 11,450,679 $ (1,846,999) $ 433,328 $ (190,295) $ 11,884,007 $ (2,037,294)
Schedule of Fair Value, Assets Measured on Recurring Basis Using Significant Unobservable Inputs	The following tables represent changes in fixed maturities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Asset- backed Securities Collateralized Corporates Total Balance at January 1, 2023 $ — $ 50,364 $ 478,083 $ 528,447 Included in realized gains / losses — — — — Included in other comprehensive income — (4,542) 5,370 828 Acquisitions — — — — Sales — — — — Amortization — 1,141 2 1,143 Other (1) — (1,461) (11,816) (13,277) Transfers into Level 3 (2) — — — — Transfers out of Level 3 (2) — — — — Balance at March 31, 2023 $ — $ 45,502 $ 471,639 $ 517,141 Percent of total fixed maturities — % — % 3 % 3 % (1) Includes capitalized interest, foreign exchange adjustments, and principal repayments. (2) Considered to be transferred at the end of the period. Transfers into Level 3 occur when observable inputs are no longer available. Transfers out of Level 3 occur when observable inputs become available. Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Asset- backed Securities Collateralized Corporates Total Balance at January 1, 2022 $ — $ 63,505 $ 641,688 $ 705,193 Included in realized gains / losses — — — — Included in other comprehensive income — (3,809) (36,360) (40,169) Acquisitions — — — — Sales — — — — Amortization — 1,123 1 1,124 Other (1) — (1,281) (19,359) (20,640) Transfers into Level 3 (2) — — — — Transfers out of Level 3 (2) — — — — Balance at March 31, 2022 $ — $ 59,538 $ 585,970 $ 645,508 Percent of total fixed maturities — % — % 3 % 3 % (1) Includes capitalized interest, foreign exchange adjustments, and principal repayments. (2) Considered to be transferred at the end of the period. Transfers into Level 3 occur when observable inputs are no longer available. Transfers out of Level 3 occur when observable inputs become available. The following table presents changes in unrealized gains and losses for the period included in accumulated other comprehensive income for assets held at the end of the reporting period for Level 3s: Changes in Unrealized Gains (Losses) included in Accumulated Other Comprehensive Income for Assets Held at the End of the Period Asset- Collateralized Corporates Total At March 31, 2023 $ — $ (4,542) $ 5,370 $ 828 At March 31, 2022 — (3,809) (36,360) (40,169)
Schedule of Additional Information about Investments in Unrealized Loss Position	The following table discloses information about fixed maturities available for sale in an unrealized loss position. Less than Twelve Months Twelve Months or Longer Total Number of issues (CUSIPs) held: As of March 31, 2023 624 1,290 1,914 As of December 31, 2022 1,819 157 1,976
Schedule of Fixed Maturities, Allowance for Credit Loss	A summary of the activity in the allowance for credit losses is as follows. Three Months Ended 2023 2022 Allowance for credit losses beginning balance $ — $ 387 Additions to allowance for which credit losses were not previously recorded 32,767 — Additions (reductions) to allowance for fixed maturities that previously had an allowance — — Reduction of allowance for which the Company intends to sell or more likely than not will be required to sell or sold during the period — (387) Allowance for credit losses ending balance $ 32,767 $ —
Schedule of Other Long-Term Investments	Other long-term investments consist of the following assets: March 31, December 31, 2022 Investment funds $ 789,197 $ 768,689 Commercial mortgage loan participations 204,275 181,305 Other 29,139 26,022 Total $ 1,022,611 $ 976,016
Schedule of Investment Funds	The following table presents additional information about the Company's investment funds as of March 31, 2023 and December 31, 2022 at fair value: Fair Value Unfunded Commitments Investment Category March 31, December 31, 2022 March 31, Redemption Term/Notice Commercial mortgage loans $ 454,144 $ 431,405 $ 330,245 Fully redeemable and non-redeemable with varying terms. Opportunistic credit 157,899 158,524 — Initial 2 year lock on each new investment/semi-annual withdrawals thereafter/full redemption within 36 month period. Infrastructure 158,036 159,534 21,366 Fully redeemable and non-redeemable with varying terms. Other 19,118 19,226 120,079 Total investment funds $ 789,197 $ 768,689 $ 471,690
Summary of Commercial Mortgage Loan Participations	Summaries of commercial mortgage loans by property type and geographical location at March 31, 2023 and December 31, 2022 are as follows: March 31, 2023 December 31, 2022 Carrying Value % of Total Carrying Value % of Total Property type: Mixed use $ 59,965 29 $ 62,375 34 Hospitality 28,033 14 27,796 15 Retail 23,744 12 15,342 9 Industrial 27,259 13 27,248 15 Multi-family 57,206 28 42,232 23 Office 11,137 6 8,101 5 Total recorded investment 207,344 102 183,094 101 Less allowance for credit losses (3,069) (2) (1,789) (1) Carrying value, net of allowance for credit losses $ 204,275 100 $ 181,305 100 March 31, 2023 December 31, 2022 Carrying Value % of Total Carrying Value % of Total Geographic location: California $ 64,990 32 $ 64,477 36 Texas 23,132 12 22,905 13 New York 27,570 14 19,167 11 Washington 14,939 7 14,925 8 Massachusetts 14,925 7 — — Florida 33,217 16 33,182 18 Other 28,571 14 28,438 15 Total recorded investment 207,344 102 183,094 101 Less allowance for credit losses (3,069) (2) (1,789) (1) Carrying value, net of allowance for credit losses $ 204,275 100 $ 181,305 100 The following tables are reflective of the key factors, debt service coverage ratios, and loan-to-value (LTV) ratios that are utilized by management to monitor the performance of the portfolios. The Company only makes new investments in commercial mortgage loans that have a LTV ratio less than 80%. Generally, a higher LTV ratio and a lower debt service coverage ratio can potentially equate to higher risk of loss. March 31, 2023 Recorded Investment Debt Service Coverage Ratios (1) <1.00x 1.00x—1.20x >1.20x Total % of Total Loan-to-value ratio (2) : Less than 70% $ 24,235 $ 123,466 $ 20,430 $ 168,131 81 70% to 80% — 7,222 1,238 8,460 4 81% to 90% 8,307 — — 8,307 4 Greater than 90% 7,035 15,411 — 22,446 11 Total $ 39,577 $ 146,099 $ 21,668 207,344 100 Less allowance for credit losses (3,069) Total, net of allowance for credit losses $ 204,275 (1) Annual net operating income divided by annual mortgage debt service (principal and interest). (2) Loan balance divided by appraised value, including planned renovations and stabilized occupancy, at origination. Updated internal valuations are used when a loan is materially underperforming. December 31, 2022 Recorded Investment Debt Service Coverage Ratios (1) <1.00x 1.00x—1.20x >1.20x Total % of Total Loan-to-value ratio (2) : Less than 70% $ 24,221 $ 108,156 $ 12,018 $ 144,395 79 70% to 80% — 22,120 1,238 23,358 13 81% to 90% 8,307 — — 8,307 4 Greater than 90% 7,034 — — 7,034 4 Total $ 39,562 $ 130,276 $ 13,256 183,094 100 Less allowance for credit losses (1,789) Total, net of allowance for credit losses $ 181,305 (1) Annual net operating income divided by annual mortgage debt service (principal and interest). (2) Loan balance divided by appraised value, including planned renovations and stabilized occupancy, at origination. Updated internal valuations are used when a loan is materially underperforming.
Schedule of Commercial Loan Participations, Allowance for Credit Loss	Three Months Ended 2023 2022 Allowance for credit losses beginning balance $ 1,789 $ 827 Provision (reversal) for credit losses 1,280 — Allowance for credit losses ending balance $ 3,069 $ 827

Policy Liabilities (Tables)

Policy Liabilities (Tables)	3 Months Ended
Policy Liabilities (Tables)	Mar. 31, 2023
Policyholder Account Balance [Abstract]
Liability for Future Policy Benefit, Activity	The following tables summarize the balance of and changes to the liability for future policy benefits for traditional life and health long-duration contracts on the Transition Date due to the adoption of ASU 2018-12: Net Liability for Future Policy Benefits - Long Duration Life American Income DTC Liberty National Other Total Balance, net of reinsurance, at original discount rates as of December 31, 2020 $ 3,541,317 $ 2,492,226 $ 2,140,071 $ 2,736,804 $ 10,910,418 Effect of changes in discount rate assumptions 3,334,600 2,195,430 1,229,610 2,297,835 9,057,475 Effect of capping and flooring (1) — 16,899 2,433 2 19,334 Balance, net of reinsurance, at current discount rates as of January 1, 2021 $ 6,875,917 $ 4,704,555 $ 3,372,114 $ 5,034,641 $ 19,987,227 Net liability for Future Policy Benefits - Long Duration Health United American Family Heritage Liberty National American Income DTC Total Balance, net of reinsurance, at original discount rates as of December 31, 2020 $ 131,505 $ 1,383,128 $ 501,312 $ 101,998 $ (2,941) $ 2,115,002 Effect of changes in discount rate assumptions 75,652 497,250 219,992 60,366 346 853,606 Effect of capping and flooring (1) 6,506 — 19,324 — 4,193 30,023 Balance, net of reinsurance, at current discount rates as of January 1, 2021 $ 213,663 $ 1,880,378 $ 740,628 $ 162,364 $ 1,598 $ 2,998,631 The following table presents total policy liabilities, both before and after the Transition Date: January 1, December 31, 2021 2020 Future policy benefits: Net liability for future policy benefits—long duration life $ 19,987,227 $ 10,910,418 Net liability for future policy benefits—long duration health 2,998,631 2,115,002 Additional insurance liabilities (1),(2) 2,008,399 2,218,116 Total future policy benefits 24,994,257 15,243,536 Unearned and advance premium (1) 243,369 61,728 Policy claims and other benefits payable (1) 473,524 399,507 Other policyholders' funds (1) 98,459 97,968 Total policy liabilities $ 25,809,609 $ 15,802,739 (1) In addition to the discount rate related adjustments to future policy benefits, the Company reclassified certain balances within total policy liabilities on the Consolidated Balance Sheets as a result of adopting ASU 2018-12. The reclassifications had an immaterial impact on Shareholders' Equity. See table summarizing the transition adjustments to Shareholders' Equity below. (2) The Company's additional insurance liabilities consist primarily of: 1) deferred profit liability on limited-payment contracts; and 2) reserves on deferred annuity and interest sensitive life blocks of business. See Note 6—Policy Liabilities The following tables summarize balances and changes in the net liability for future policy benefits, before reinsurance, for traditional life long-duration contracts: Life Present value of expected future net premiums American Income DTC Liberty National Other Total Balance at January 1, 2022 $ 4,925,192 $ 7,264,905 $ 1,332,469 $ 559,972 $ 14,082,538 Beginning balance at original discount rates 3,906,098 5,533,741 1,040,242 416,141 10,896,222 Effect of changes in assumptions of future cash flows — — — — — Effect of actual variances from expected experience (4,315) (29,595) (625) 1,652 (32,883) Adjusted balance at January 1, 2022 3,901,783 5,504,146 1,039,617 417,793 10,863,339 Issuances (1) 215,926 173,775 22,965 7,300 419,966 Interest accrual (2) 43,074 67,608 12,810 5,172 128,664 Net premiums collected (3) (120,203) (149,757) (31,627) (10,831) (312,418) Effect of changes in the foreign exchange rate 2,900 — — — 2,900 Ending balance at original discount rates 4,043,480 5,595,772 1,043,765 419,434 11,102,451 Effect of change from original to current discount rates 603,267 1,114,883 181,223 92,398 1,991,771 Balance at March 31, 2022 $ 4,646,747 $ 6,710,655 $ 1,224,988 $ 511,832 $ 13,094,222 Balance at January 1, 2023 $ 4,273,156 $ 5,910,224 $ 1,094,407 $ 470,741 $ 11,748,528 Beginning balance at original discount rates 4,246,723 5,680,864 1,066,123 449,209 11,442,919 Effect of changes in assumptions of future cash flows — — — — — Effect of actual variances from expected experience (29,981) (47,988) (5,590) (1,886) (85,445) Adjusted balance at January 1, 2023 4,216,742 5,632,876 1,060,533 447,323 11,357,474 Issuances (1) 192,555 168,952 30,142 7,241 398,890 Interest accrual (2) 47,898 70,991 13,288 5,670 137,847 Net premiums collected (3) (127,239) (153,919) (33,188) (11,557) (325,903) Effect of changes in the foreign exchange rate (3,999) — — — (3,999) Ending balance at original discount rates 4,325,957 5,718,900 1,070,775 448,677 11,564,309 Effect of change from original to current discount rates 141,680 391,650 57,308 34,379 625,017 Balance at March 31, 2023 $ 4,467,637 $ 6,110,550 $ 1,128,083 $ 483,056 $ 12,189,326 (1) Issuances represent the present value, using the original discount rate, of the expected net premiums related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected net premiums, as well as the interest on actual net premiums earned during the period, using the original interest rate. (3) Net premiums collected represent the product of the current period net premium ratio, and the gross premiums collected during the period on the in-force business. Life Present value of expected future policy benefits American Income DTC Liberty National Other Total Balance at January 1, 2022 $ 11,773,519 $ 11,859,408 $ 4,542,697 $ 5,488,684 $ 33,664,308 Beginning balance at original discount rates 7,744,201 8,157,259 3,206,164 3,267,306 22,374,930 Effect of changes in assumptions of future cash flows — — — — — Effect of actual variances from expected experience (2,959) (25,850) 153 1,680 (26,976) Adjusted balance at January 1, 2022 7,741,242 8,131,409 3,206,317 3,268,986 22,347,954 Issuances (1) 215,926 173,775 22,965 7,300 419,966 Interest accrual (2) 100,336 106,928 42,230 48,280 297,774 Benefit payments (3) (104,321) (173,611) (63,457) (34,297) (375,686) Effect of changes in the foreign exchange rate 6,511 — — — 6,511 Ending balance at original discount rates 7,959,694 8,238,501 3,208,055 3,290,269 22,696,519 Effect of change from original to current discount rates 2,692,562 2,511,848 858,179 1,558,106 7,620,695 Balance at March 31, 2022 $ 10,652,256 $ 10,750,349 $ 4,066,234 $ 4,848,375 $ 30,317,214 Balance at January 1, 2023 $ 9,119,104 $ 9,225,451 $ 3,429,256 $ 3,976,150 $ 25,749,961 Beginning balance at original discount rates 8,409,761 8,477,892 3,272,980 3,403,704 23,564,337 Effect of changes in assumptions of future cash flows — — — — — Effect of actual variances from expected experience (31,526) (48,947) (7,054) (2,896) (90,423) Adjusted balance at January 1, 2023 8,378,235 8,428,945 3,265,926 3,400,808 23,473,914 Issuances (1) 192,555 168,952 30,142 7,241 398,890 Interest accrual (2) 109,329 112,768 43,256 50,378 315,731 Benefit payments (3) (96,674) (147,061) (54,730) (30,892) (329,357) Effect of changes in the foreign exchange rate (9,711) — — — (9,711) Ending balance at original discount rates 8,573,734 8,563,604 3,284,594 3,427,535 23,849,467 Effect of change from original to current discount rates 1,063,729 1,061,076 274,418 738,992 3,138,215 Balance at March 31, 2023 $ 9,637,463 $ 9,624,680 $ 3,559,012 $ 4,166,527 $ 26,987,682 (1) Issuances represent the present value, using the original discount rate, of the expected future policy benefits related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected future policy benefits, as well as the interest on actual benefits and expenses paid during the period, using the original interest rate. (3) Benefit payments represent the release of the present value, using the original discount rate, of the actual future policy benefits incurred during the period due to death, lapse, and maturity benefit payments based on the revised expected assumptions. Life Net liability for future policy benefits as of March 31, 2022 American Income DTC Liberty National Other Total Net liability for future policy benefits at original discount rates $ 3,916,214 $ 2,642,729 $ 2,164,290 $ 2,870,835 $ 11,594,068 Effect of changes in discount rate assumptions 2,089,295 1,396,965 676,956 1,465,708 5,628,924 Net liability for future policy benefits at current discount rates 6,005,509 4,039,694 2,841,246 4,336,543 17,222,992 Other Adjustments (1) (11) 2,820 (10,446) (43,598) (51,235) Net liability for future policy benefits, after other adjustments, at current discount rates $ 6,005,498 $ 4,042,514 $ 2,830,800 $ 4,292,945 $ 17,171,757 (1) Other adjustments include the Company's reinsurance recoverable and the effects of capping and flooring the liability. Life Net liability for future policy benefits as of March 31, 2023 American Income DTC Liberty National Other Total Net liability for future policy benefits at original discount rates $ 4,247,777 $ 2,844,704 $ 2,213,819 $ 2,978,858 $ 12,285,158 Effect of changes in discount rate assumptions 922,049 669,426 217,110 704,613 2,513,198 Net liability for future policy benefits at current discount rates 5,169,826 3,514,130 2,430,929 3,683,471 14,798,356 Other Adjustments (1) (46) 4,546 486 (36,765) (31,779) Net liability for future policy benefits, after other adjustments, at current discount rates $ 5,169,780 $ 3,518,676 $ 2,431,415 $ 3,646,706 $ 14,766,577 (1) Other adjustments include the Company's reinsurance recoverable and the effects of capping and flooring the liability. The following tables summarize balances and changes in the net liability for future policy benefits for long-duration health contracts: Health Present value of expected future net premiums United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2022 $ 3,611,659 $ 1,944,714 $ 517,368 $ 222,553 $ 121,724 $ 6,418,018 Beginning balance at original discount rates 2,949,851 1,688,590 414,409 178,801 96,776 5,328,427 Effect of changes in assumptions of future cash flows — — — — — — Effect of actual variances from expected experience (49,560) (15,162) (15,462) (2,465) (1,880) (84,529) Adjusted balance at January 1, 2022 2,900,291 1,673,428 398,947 176,336 94,896 5,243,898 Issuances (1) 90,034 53,518 10,815 10,452 880 165,699 Interest accrual (2) 30,339 14,940 4,872 1,831 1,182 53,164 Net premiums collected (3) (62,895) (42,751) (12,883) (5,252) (2,550) (126,331) Effect of changes in the foreign exchange rate — — — 312 — 312 Ending balance at original discount rates 2,957,769 1,699,135 401,751 183,679 94,408 5,336,742 Effect of change from original to current discount rates 379,383 91,102 61,701 24,385 15,326 571,897 Balance at March 31, 2022 $ 3,337,152 $ 1,790,237 $ 463,452 $ 208,064 $ 109,734 $ 5,908,639 Balance at January 1, 2023 $ 2,908,501 $ 1,594,992 $ 423,490 $ 190,296 $ 90,143 $ 5,207,422 Beginning balance at original discount rates 2,941,261 1,729,219 415,442 192,631 87,751 5,366,304 Effect of changes in assumptions of future cash flows — — — — — — Effect of actual variances from expected experience (34,132) (18,758) (16,585) (1,621) (2,573) (73,669) Adjusted balance at January 1, 2023 2,907,129 1,710,461 398,857 191,010 85,178 5,292,635 Issuances (1) 75,839 67,787 13,303 10,212 2,392 169,533 Interest accrual (2) 31,587 16,199 4,890 2,036 1,057 55,769 Net premiums collected (3) (65,914) (43,979) (12,403) (5,424) (2,661) (130,381) Effect of changes in the foreign exchange rate — — — (388) — (388) Ending balance at original discount rates 2,948,641 1,750,468 404,647 197,446 85,966 5,387,168 Effect of change from original to current discount rates 49,082 (86,054) 16,800 3,220 4,277 (12,675) Balance at March 31, 2023 $ 2,997,723 $ 1,664,414 $ 421,447 $ 200,666 $ 90,243 $ 5,374,493 (1) Issuances represent the present value, using the original discount rate, of the expected net premiums related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected net premiums, as well as the interest on actual net premiums earned during the period, using the original interest rate. (3) Net premiums collected represent the product of the current period net premium ratio, and the gross premiums collected during the period on the in-force business. Health Present value of expected future policy benefits United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2022 $ 3,810,559 $ 3,840,322 $ 1,201,317 $ 380,915 $ 119,888 $ 9,353,001 Beginning balance at original discount rates 3,090,901 3,193,342 921,608 285,604 95,628 7,587,083 Effect of changes in assumptions of future cash flows — — — — — — Effect of actual variances from expected experience (50,453) (15,668) (15,790) (2,645) (2,025) (86,581) Adjusted balance at January 1, 2022 3,040,448 3,177,674 905,818 282,959 93,603 7,500,502 Issuances (1) 89,904 53,518 10,866 10,452 876 165,616 Interest accrual (2) 32,308 29,583 12,120 3,432 1,182 78,625 Benefit payments (3) (67,243) (28,494) (23,065) (5,044) (3,389) (127,235) Effect of changes in the foreign exchange rate — — — 557 — 557 Ending balance at original discount rates 3,095,417 3,232,281 905,739 292,356 92,272 7,618,065 Effect of change from original to current discount rates 413,068 244,358 176,686 59,275 14,762 908,149 Balance at March 31, 2022 $ 3,508,485 $ 3,476,639 $ 1,082,425 $ 351,631 $ 107,034 $ 8,526,214 Balance at January 1, 2023 $ 3,046,829 $ 3,005,664 $ 941,574 $ 312,750 $ 87,532 $ 7,394,349 Beginning balance at original discount rates 3,080,633 3,336,344 904,865 303,713 85,212 7,710,767 Effect of changes in assumptions of future cash flows — — — — — — Effect of actual variances from expected experience (31,443) (19,779) (15,995) (1,578) (2,302) (71,097) Adjusted balance at January 1, 2023 3,049,190 3,316,565 888,870 302,135 82,910 7,639,670 Issuances (1) 75,683 67,787 13,285 10,212 2,388 169,355 Interest accrual (2) 33,480 32,289 11,840 3,668 1,057 82,334 Benefit payments (3) (78,563) (29,261) (23,976) (7,137) (3,354) (142,291) Effect of changes in the foreign exchange rate — — — (708) — (708) Ending balance at original discount rates 3,079,790 3,387,380 890,019 308,170 83,001 7,748,360 Effect of change from original to current discount rates 52,672 (212,708) 59,977 18,363 4,089 (77,607) Balance at March 31, 2023 $ 3,132,462 $ 3,174,672 $ 949,996 $ 326,533 $ 87,090 $ 7,670,753 (1) Issuances represent the present value, using the original discount rate, of the expected future policy benefits related to new policies issued during each respective period. (2) The interest accrual is the interest earned on the beginning present value of the expected future policy benefits, as well as the interest on actual benefits and expenses paid during the period, using the original interest rate. (3) Benefit payments represent the release of the present value, using the original discount rate, of the actual future policy benefits incurred during the period due to death, lapse, and maturity benefit payments based on the revised expected assumptions. Health Net liability for future policy benefits as of March 31, 2022 United American Family Heritage Liberty National American Income Direct to Consumer Total Net liability for future policy benefits at original discount rates $ 137,648 $ 1,533,146 $ 503,988 $ 108,677 $ (2,136) $ 2,281,323 Effect of changes in discount rate assumptions 33,685 153,256 114,985 34,890 (564) 336,252 Net liability for future policy benefits at current discount rates 171,333 1,686,402 618,973 143,567 (2,700) 2,617,575 Other Adjustments (1,812) (10,847) 1,508 12 3,812 (7,327) Net liability for future policy benefits, after other adjustments, at current discount rates $ 169,521 $ 1,675,555 $ 620,481 $ 143,579 $ 1,112 $ 2,610,248 (1) Other adjustments include the Company's reinsurance recoverable and the effects of capping and flooring the liability. Health Net liability for future policy benefits as of March 31, 2023 United American Family Heritage Liberty National American Income Direct to Consumer Total Net liability for future policy benefits at original discount rates 131,149 1,636,912 485,372 110,724 (2,965) 2,361,192 Effect of changes in discount rate assumptions 3,590 (126,654) 43,177 15,143 (188) (64,932) Net liability for future policy benefits at current discount rates 134,739 1,510,258 528,549 125,867 (3,153) 2,296,260 Other Adjustments 1,771 (9,362) 4,348 333 4,162 1,252 Net liability for future policy benefits, after other adjustments, at current discount rates $ 136,510 $ 1,500,896 $ 532,897 $ 126,200 $ 1,009 $ 2,297,512 (1) Other adjustments include the Company's reinsurance recoverable and the effects of capping and flooring the liability. The following table reconciles the liability for future policy benefits to the C onsolidated B alance S heets as of March 31, 2023: At Original Discount Rates At Current Discount Rates As of March 31, As of March 31, 2023 2022 2023 2022 Life (1) : American Income $ 4,247,758 $ 3,916,187 $ 5,169,780 $ 6,005,498 Direct to Consumer 2,844,707 2,642,729 3,518,676 4,042,514 Liberty National 2,206,288 2,153,030 2,431,415 2,830,800 Other 2,952,802 2,846,161 3,646,706 4,292,945 Net liability for future policy benefits—long duration life 12,251,555 11,558,107 14,766,577 17,171,757 Health (1) : United American 130,992 135,891 136,510 169,521 Family Heritage 1,626,881 1,524,185 1,500,896 1,675,555 Liberty National 488,546 505,319 532,897 620,481 American Income 111,096 108,693 126,200 143,579 Direct to Consumer 961 1,004 1,009 1,112 Net liability for future policy benefits—long duration health 2,358,476 2,275,092 2,297,512 2,610,248 Deferred profit liability 177,248 184,451 177,248 184,451 Deferred annuity 907,797 1,027,087 907,797 1,027,087 Interest sensitive life 737,900 744,244 737,900 744,244 Other 9,540 8,118 9,540 8,118 Total future policy benefits $ 16,442,516 $ 15,797,099 $ 18,896,574 $ 21,745,905 (1) Balances are presented net of the reinsurance recoverable and the effects of flooring the liability. The following tables provide the weighted-average original and current discount rates for the liability for future policy benefits and the additional insurance liabilities for the periods ended March 31, 2023 and 2022: Life Weighted-average Discount Rates March 31, 2023 March 31, 2022 American Income DTC Liberty National Other American Income DTC Liberty National Other Original discount rate 5.8 % 6.0 % 5.6 % 6.2 % 5.8 % 6.0 % 5.6 % 6.2 % Current discount rate 4.9 % 5.0 % 5.0 % 5.0 % 4.0 % 4.0 % 3.9 % 3.9 % Health Weighted-average Discount Rates March 31, 2023 March 31, 2022 United American Family Heritage Liberty National American Income DTC United American Family Heritage Liberty National American Income DTC Original discount rate 5.2 % 4.3 % 5.8 % 5.9 % 5.2 % 5.2 % 4.4 % 5.8 % 5.9 % 5.2 % Current discount rate 4.8 % 4.9 % 4.9 % 4.8 % 4.8 % 3.8 % 3.9 % 3.6 % 3.8 % 3.8 % The following table provides the weighted-average durations of the liability for future policy benefits and the additional insurance liabilities for the periods ended March 31, 2023 and 2022: March 31, 2023 2022 At original discount rates At current discount rates At original discount rates At current discount rates Life American Income 22.90 23.33 22.80 23.78 Direct to Consumer 20.24 21.82 20.81 22.93 Liberty National 14.94 15.63 15.08 16.85 Other 16.52 18.23 16.76 19.59 Health United American 11.40 10.80 11.68 11.83 Family Heritage 14.91 14.43 15.28 15.80 Liberty National 9.31 9.66 9.01 10.11 American Income 12.15 12.74 12.45 13.95 Direct to Consumer 11.40 10.80 11.68 11.83 The following tables summarize the amount of gross premiums and interest, net of reinsurance, related to long duration life and health contracts that are recognized in the Condensed Consolidated Statements of Operations : Life Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Gross Interest Gross Interest American Income $ 387,145 $ 61,431 $ 369,737 $ 57,262 Direct to Consumer 244,707 41,714 242,662 39,292 Liberty National 84,072 29,769 79,348 29,285 Other 51,835 44,275 52,387 42,697 Total $ 767,759 $ 177,189 $ 744,134 $ 168,536 Health Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Gross Interest Gross Interest United American $ 97,833 $ 1,822 $ 92,266 $ 1,914 Family Heritage 96,090 15,977 89,540 14,545 Liberty National 46,745 6,920 47,496 7,226 American Income 28,096 1,632 27,937 1,601 Direct to Consumer 3,542 — 3,536 — Total $ 272,306 $ 26,351 $ 260,775 $ 25,286 The following tables provide the undiscounted and discounted expected future net premiums, expected future gross premiums and expected future policy benefits, at both original and current discount rates, for life and health contracts: Life Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Not discounted At original discount rates At current discount rates Not discounted At original discount rates At current discount rates American Income PV of expected future net premiums $ 7,617,532 $ 4,325,957 $ 4,467,637 $ 7,115,131 $ 4,043,480 $ 4,646,747 PV of expected future gross premiums 23,041,514 13,054,486 13,575,751 21,851,854 12,374,587 14,324,455 PV of expected future policy benefits 28,821,998 8,573,734 9,637,463 26,930,450 7,959,694 10,652,256 DTC PV of expected future net premiums $ 10,832,386 $ 5,718,900 $ 6,110,550 $ 10,630,110 $ 5,595,772 $ 6,710,655 PV of expected future gross premiums 17,479,516 9,165,113 9,773,835 17,414,120 9,103,648 10,912,941 PV of expected future policy benefits 25,582,750 8,563,604 9,624,680 24,876,834 8,238,501 10,750,349 Liberty National PV of expected future net premiums $ 1,889,419 $ 1,070,775 $ 1,128,083 $ 1,855,371 $ 1,043,765 $ 1,224,988 PV of expected future gross premiums 4,453,139 2,599,082 2,667,795 4,265,146 2,485,460 2,848,626 PV of expected future policy benefits 8,658,766 3,284,594 3,559,012 8,514,395 3,208,055 4,066,234 Other PV of expected future net premiums $ 919,924 $ 448,677 $ 483,056 $ 869,727 $ 419,434 $ 511,832 PV of expected future gross premiums 3,798,669 1,920,302 2,126,949 3,907,011 1,950,624 2,441,512 PV of expected future policy benefits 12,392,224 3,427,535 4,166,527 12,277,130 3,290,269 4,848,375 Total PV of expected future net premiums $ 21,259,261 $ 11,564,309 $ 12,189,326 $ 20,470,339 $ 11,102,451 $ 13,094,222 PV of expected future gross premiums 48,772,838 26,738,983 28,144,330 47,438,131 25,914,319 30,527,534 PV of expected future policy benefits 75,455,738 23,849,467 26,987,682 72,598,809 22,696,519 30,317,214
Undiscounted and Discounted Expected Future Gross Premiums and Expected Future Benefits And Expenses	Health Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Not discounted At original discount rates At current discount rates Not discounted At original discount rates At current discount rates United American PV of expected future net premiums $ 4,685,306 $ 2,948,641 $ 2,997,723 $ 4,763,592 $ 2,957,769 $ 3,337,152 PV of expected future gross premiums 6,783,819 4,279,547 4,346,007 6,781,444 4,226,705 4,765,664 PV of expected future policy benefits 4,909,212 3,079,790 3,132,462 5,057,861 3,095,417 3,508,485 Family Heritage PV of expected future net premiums $ 2,908,079 $ 1,750,468 $ 1,664,414 $ 2,784,235 $ 1,699,135 $ 1,790,237 PV of expected future gross premiums 6,442,316 3,846,392 3,682,300 5,897,650 3,570,212 3,791,575 PV of expected future policy benefits 6,358,594 3,387,380 3,174,672 6,004,155 3,232,281 3,476,639 Liberty National PV of expected future net premiums $ 634,061 $ 404,647 $ 421,447 $ 641,225 $ 401,751 $ 463,452 PV of expected future gross premiums 2,232,290 1,396,334 1,468,763 2,174,779 1,356,873 1,577,158 PV of expected future policy benefits 1,575,745 890,019 949,996 1,594,836 905,739 1,082,425 American Income PV of expected future net premiums $ 351,655 $ 197,446 $ 200,666 $ 323,828 $ 183,679 $ 208,064 PV of expected future gross premiums 1,760,671 984,216 1,037,339 1,723,857 963,321 1,130,227 PV of expected future policy benefits 626,151 308,170 326,533 599,187 292,356 351,631 Direct to Consumer PV of expected future net premiums $ 131,187 $ 85,966 $ 90,243 $ 148,614 $ 94,408 $ 109,734 PV of expected future gross premiums 171,266 112,442 118,105 204,317 130,162 151,140 PV of expected future policy benefits 124,597 83,001 87,090 143,711 92,272 107,034 Total PV of expected future net premiums 8,710,288 5,387,168 5,374,493 8,661,494 5,336,742 5,908,639 PV of expected future gross premiums 17,390,362 10,618,931 10,652,514 16,782,047 10,247,273 11,415,764 PV of expected future policy benefits 13,594,299 7,748,360 7,670,753 13,399,750 7,618,065 8,526,214
Summary Of Policyholder Account Balance	The following table summarizes the balances of, and changes in, policyholders’ account balances as of March 31, 2023 and 2022: Policyholders' Account Balances 2023 2022 Interest Sensitive Life Deferred Annuity Other Policyholders' Funds Interest Sensitive Life Deferred Annuity Other Policyholders' Funds Balance at January 1 , $ 739,105 954,318 123,234 $ 745,335 $ 1,033,525 $ 99,468 Issuances — 202 — — 340 — Premiums received 6,030 4,776 21,662 6,297 8,216 2,044 Policy charges (3,319) — — (3,474) — — Surrenders and withdrawals (5,384) (43,533) (3,303) (5,280) (11,873) (2,805) Benefit payments (7,844) (15,784) — (8,999) (12,073) — Interest credited 7,135 7,560 1,238 7,170 8,290 1,125 Other 2,177 258 (145) 3,195 662 292 Balance at March 31 , $ 737,900 $ 907,797 $ 142,686 $ 744,244 $ 1,027,087 $ 100,124 Weighted-average credit rate 3.92 % 3.29 % 3.78 % 3.91 % 3.26 % 4.58 % Net amount at risk $ 1,847,128 N/A N/A $ 1,952,631 N/A N/A Cash surrender value 676,247 907,797 142,686 693,201 1,027,064 100,124
Policyholder Account Balance, Guaranteed Minimum Crediting Rate	The following tables present the policyholders' account balances by range of guaranteed minimum crediting rates and the related range of difference, if any, in basis points between rates being credited to policy holders and the respective guaranteed minimums: At March 31, 2023 Range of guaranteed minimum crediting rates Interest Sensitive Life (1) Deferred Annuity (1) Other Policyholders' Funds (1) At guaranteed minimum Less than 3.00% $ — $ 1,971 $ 43,191 3.00%-3.99% 28,956 698,952 4,097 4.00%-4.99% 619,411 206,874 57,596 Greater than 5.00% 89,533 — 37,802 Total $ 737,900 $ 907,797 $ 142,686 (1) All of the Company's policyholders' account balances had actual crediting rates at the guaranteed minimum. At March 31, 2022 Range of guaranteed minimum crediting rates Interest Sensitive Life (1) Deferred Annuity (1) Other Policyholders' Funds (1) At guaranteed minimum Less than 3.00% $ — $ 2,254 $ — 3.00%-3.99% 28,684 811,865 2,911 4.00%-4.99% 626,179 212,968 58,990 Greater than 5.00% 89,381 — 38,223 Total $ 744,244 $ 1,027,087 $ 100,124

Deferred Acquisition Costs (Tab

Deferred Acquisition Costs (Tables)	3 Months Ended
Deferred Acquisition Costs (Tables)	Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Analysis of Deferred Acquisition Costs	The following table presents the Company's deferred policy acquisition costs, both before and after the Transition Date: January 1, December 31, 2021 2020 Life: American Income $ 1,647,761 $ 1,647,761 Direct to Consumer 1,498,970 1,498,435 Liberty National 531,504 531,504 Other 304,786 304,459 Total life 3,983,021 3,982,159 Health: United American 65,020 74,353 Family Heritage 364,751 364,751 Liberty National 124,754 124,888 American Income 39,477 39,477 Direct to Consumer 2,215 6,600 Total health 596,217 610,069 Annuity 8,309 3,216 Total DAC $ 4,587,547 $ 4,595,444 The following table presents the effect of transition adjustments due to the adoption of ASU 2018-12 on Shareholders' Equity: Retained Earnings Accumulated Other Comprehensive Income (Loss) Other (1) Total Shareholders’ Equity, as of December 31, 2020 $ 5,874,109 $ 3,029,244 $ (132,261) $ 8,771,092 Effect of changes in discount rate assumptions — (7,829,753) — (7,829,753) Effect of capping and flooring (38,992) — — (38,992) Effect of removal of unrealized gain (loss) on DAC — 4,704 — 4,704 Other adjustments 26,470 — — 26,470 Shareholders’ Equity, as of January 1, 2021 $ 5,861,587 $ (4,795,805) $ (132,261) $ 933,521 The following tables roll forward the deferred policy acquisition costs for the three months ended March 31, 2023 and 2022: Life American Income DTC Liberty National Other Total Balance at January 1, 2022 $ 1,960,254 $ 1,583,695 $ 566,419 $ 301,647 $ 4,412,015 Capitalizations 114,428 48,216 20,465 3,487 186,596 Amortization expense (33,513) (23,172) (11,046) (4,198) (71,929) Foreign exchange adjustment 1,738 — — — 1,738 Experience adjustment — — — — — Balance at March 31, 2022 $ 2,042,907 $ 1,608,739 $ 575,838 $ 300,936 $ 4,528,420 Balance at January 1, 2023 $ 2,258,291 $ 1,676,931 $ 610,723 $ 298,346 $ 4,844,291 Capitalizations 115,395 47,410 24,221 3,321 190,347 Amortization expense (38,299) (24,753) (12,412) (4,125) (79,589) Foreign exchange adjustment (2,787) — — — (2,787) Experience adjustment — — — — — Balance at March 31, 2023 $ 2,332,600 $ 1,699,588 $ 622,532 $ 297,542 $ 4,952,262 Health United American Family Heritage Liberty National American Income DTC Total Balance at January 1, 2022 $ 81,140 $ 388,967 $ 127,537 $ 49,406 $ 2,032 $ 649,082 Capitalizations 580 12,363 4,121 3,155 — 20,219 Amortization expense (1,516) (6,405) (3,320) (829) (44) (12,114) Foreign exchange adjustment — — — 88 — 88 Experience adjustment — — — — — — Balance at March 31, 2022 $ 80,204 $ 394,925 $ 128,338 $ 51,820 $ 1,988 $ 657,275 Balance at January 1, 2023 $ 77,394 $ 416,608 $ 133,096 $ 57,811 $ 1,854 $ 686,763 Capitalizations 507 15,097 4,882 3,143 — 23,629 Amortization expense (1,513) (6,560) (3,250) (938) (47) (12,308) Foreign exchange adjustment — — — (126) — (126) Experience adjustment — — — — — — Balance at March 31, 2023 $ 76,388 $ 425,145 $ 134,728 $ 59,890 $ 1,807 $ 697,958 The following table presents a reconciliation of deferred policy acquisition costs to the Consolidated Balance Sheets as of March 31, 2023: March 31, 2023 2022 Life American Income $ 2,332,600 $ 2,042,907 Direct to Consumer 1,699,588 1,608,739 Liberty National 622,532 575,838 Other 297,542 300,936 Total DAC - Life 4,952,262 4,528,420 Health United American 76,388 80,204 Family Heritage 425,145 394,925 Liberty National 134,728 128,338 American Income 59,890 51,820 Direct to Consumer 1,807 1,988 Total DAC - Health 697,958 657,275 Annuity 4,218 5,988 Tota l $ 5,654,438 $ 5,191,683

Liability for Unpaid Claims (Ta

Liability for Unpaid Claims (Tables)	3 Months Ended
Liability for Unpaid Claims (Tables)	Mar. 31, 2023
Insurance [Abstract]
Summary of Liability for Unpaid Health Claims	Activity in the liability for unpaid health claims is summarized as follows: March 31, December 31, Balance at beginning of period $ 182,202 $ 171,109 Incurred related to: Current year 173,865 676,190 Prior year (1,923) (15,631) Total incurred 171,942 660,559 Paid related to: Current year 72,870 517,856 Prior year 99,876 131,610 Total paid 172,746 649,466 Balance at end of period $ 181,398 $ 182,202
Schedule of Reconciliation of Policy Claims and Other Benefits Payable	Below is the reconciliation of the liability of " Policy claims and other benefits payable" in the Consolidated Balance Sheets . March 31, December 31, Policy claims and other benefits payable: Life insurance $ 307,898 $ 325,017 Health insurance 181,398 182,202 Total $ 489,296 $ 507,219

Postretirement Benefits (Tables

Postretirement Benefits (Tables)	3 Months Ended
Postretirement Benefits (Tables)	Mar. 31, 2023
Retirement Benefits [Abstract]
Schedule of Pension Assets by Component at Fair Value	Pension Assets: The following table presents the assets of the Company's Pension Plans at March 31, 2023 and December 31, 2022. Pension Assets by Component at March 31, 2023 Fair Value Determined by: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Amount % of Corporate bonds: Financial $ — $ 22,482 $ — $ 22,482 4 Utilities — 20,838 — 20,838 4 Energy — 7,564 — 7,564 2 Other corporates — 26,433 — 26,433 5 Total corporate bonds — 77,317 — 77,317 15 Exchange traded fund (1) 276,478 — — 276,478 53 U.S. Government and Agency — 76,643 — 76,643 15 Other bonds — 202 — 202 — Guaranteed annuity contract (2) — 43,297 — 43,297 8 Short-term investments 23,016 — — 23,016 4 Other 12,379 — — 12,379 2 $ 311,873 $ 197,459 $ — 509,332 97 Other long-term investments (3) 13,767 3 Total pension assets $ 523,099 100 (1) A fund including marketable securities that mirror the S&P 500 index. (2) Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Collective Bargaining Agreement Employees Pension Plan. (3) Included in other long-term investments is an investment fund that reports the Globe Life Inc. Pension Plan's pro-rata share of the limited partnership's net asset value per share or its equivalent (NAV), as a practical expedient for fair value. The Globe Life Inc. Pension Plan owns less than 1% of the investment fund. As of March 31, 2023, the expected term of the investment fund is approximately 2 years and the commitment of the investment is fully funded. The investment is non-redeemable. Pension Assets by Component at December 31, 2022 Fair Value Determined by: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Amount % of Corporate bonds: Financial $ — $ 35,649 $ — $ 35,649 7 Utilities — 23,436 — 23,436 5 Energy — 12,776 — 12,776 3 Other corporates — 56,786 — 56,786 11 Total corporate bonds — 128,647 — 128,647 26 Exchange traded fund (1) 258,297 — — 258,297 52 U.S. Government and Agency — 44,213 — 44,213 9 Other bonds — 200 — 200 — Guaranteed annuity contract (2) — 43,116 — 43,116 8 Short-term investments 4,467 — — 4,467 1 Other 6,547 — — 6,547 1 $ 269,311 $ 216,176 $ — 485,487 97 Other long-term investments (3) 14,288 3 Total pension assets $ 499,775 100 (1) A fund including marketable securities that mirror the S&P 500 index. (2) Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Collective Bargaining Agreement Employees Pension Plan.
Schedule of Information Regarding the SERP	The following table includes information regarding the SERP. Three Months Ended 2023 2022 Premiums paid for insurance coverage $ 443 $ 443 March 31, December 31, Total investments: Company owned life insurance $ 54,788 $ 54,681 Exchange traded funds 74,632 71,258 $ 129,420 $ 125,939
Schedule of Pension Liability	The following table presents liabilities for the defined benefit pension plans and SERP at March 31, 2023 and December 31, 2022. March 31, December 31, Pension Plans $ 517,770 $ 492,103 SERP 70,499 70,464 Pension benefit obligation $ 588,269 $ 562,567
Schedule of Net Periodic Benefit Cost	The following table presents the net periodic benefit costs for the Pension Plans and SERP by expense components for the three months ended March 31, 2023 and 2022. Components of Net Periodic Benefit Cost Three Months Ended 2023 2022 Service cost $ 5,392 $ 8,655 Interest cost 7,834 6,123 Expected return on assets (9,656) (8,885) Amortization: Prior service cost 269 158 Actuarial (gain) loss (52) 3,209 Net periodic benefit cost $ 3,787 $ 9,260

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
Earnings Per Share (Tables)	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Reconciliation of Basic and Diluted Weighted-Average Shares Outstanding	A reconciliation of basic and diluted weighted-average shares outstanding used in the computation of basic and diluted earnings per share is as follows: Three Months Ended 2023 2022 Basic weighted average shares outstanding 96,388,211 99,273,616 Weighted average dilutive options outstanding 1,522,889 976,758 Diluted weighted average shares outstanding 97,911,100 100,250,374 Antidilutive shares 209,870 563,991

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Selected Information about Debt Issues	The following table presents information about the terms and outstanding balances of Globe Life's debt. Selected Information about Debt Issues As of March 31, December 31, Instrument Issue Date Maturity Date Coupon Rate Par Unamortized Discount & Issuance Costs Book Fair Book Senior notes 5/27/1993 5/15/2023 7.875% $ 165,612 $ (38) $ 165,574 $ 164,746 $ 165,500 Senior notes 9/27/2018 9/15/2028 4.550% 550,000 (4,229) 545,771 546,348 545,601 Senior notes 8/21/2020 8/15/2030 2.150% 400,000 (3,668) 396,332 323,984 396,219 Senior notes (1) 5/19/2022 6/15/2032 4.800% 250,000 (4,412) 245,588 241,275 245,493 Junior subordinated debentures 11/17/2017 11/17/2057 5.275% 125,000 (1,585) 123,415 124,265 123,410 Junior subordinated debentures 6/14/2021 6/15/2061 4.250% 325,000 (7,752) 317,248 248,300 317,229 1,815,612 (21,684) 1,793,928 1,648,918 1,793,452 Less current maturity of long-term debt 165,612 (38) 165,574 164,746 165,500 Total long-term debt 1,650,000 (21,646) 1,628,354 1,484,172 1,627,952 Current maturity of long-term debt 165,612 (38) 165,574 164,746 165,500 FHLB borrowings 45,000 — 45,000 45,000 — Commercial paper 305,000 (1,327) 303,673 303,673 283,603 Total short-term debt 515,612 (1,365) 514,247 513,419 449,103 Total deb t $ 2,165,612 $ (23,011) $ 2,142,601 $ 1,997,591 $ 2,077,055 (1) An additional $150 million par value and book value is held by insurance subsidiaries that eliminates in consolidation.

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
Business Segments (Tables)	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Premium Income by Distribution Channel	Three Months Ended March 31, 2023 Life Health Annuity Total Distribution Channel Amount % of Amount % of Amount % of Amount % of American Income $ 387,512 50 $ 29,594 9 $ — — $ 417,106 38 Direct to Consumer 247,667 32 17,248 5 — — 264,915 24 Liberty National 85,203 11 46,972 15 — — 132,175 12 United American 1,882 — 132,607 41 — — 134,489 12 Family Heritage 1,480 — 96,072 30 — — 97,552 9 Other 48,853 7 — — — — 48,853 5 $ 772,597 100 $ 322,493 100 $ — — $ 1,095,090 100 Three Months Ended March 31, 2022 Life Health Annuity Total Distribution Channel Amount % of Total Amount % of Total Amount % of Total Amount % of Total American Income $ 370,106 49 $ 28,766 9 $ — — $ 398,872 37 Direct to Consumer 245,732 33 17,928 6 — — 263,660 25 Liberty National 80,560 11 47,760 15 — — 128,320 12 United American 2,074 — 131,690 42 — — 133,764 13 Family Heritage 1,359 — 89,540 28 — — 90,899 8 Other 49,297 7 — — — — 49,297 5 $ 749,128 100 $ 315,684 100 $ — — $ 1,064,812 100
Schedule of Reconciliation of Segment Operating Information to Consolidated Statement of Operations	The following tables set forth a reconciliation of Globe Life's revenues and operations by segment to its major income statement line items. See Note 1—Significant Accounting Policies for additional information concerning reconciling items of segment profits to pretax income. Three Months Ended March 31, 2023 Life Health Annuity Investment Corporate & Other Adjustments Consolidated Revenue: Premium $ 772,597 $ 322,493 $ — $ — $ — $ — $ 1,095,090 Net investment income — — — 257,105 — — 257,105 Other income — — — — 50 — 50 Total revenue 772,597 322,493 — 257,105 50 — 1,352,245 Expenses: Policy benefits 507,977 190,962 7,541 1,447 — — 707,927 Required interest on reserves (189,821) (26,323) (10,259) 226,403 — — — Amortization of acquisition costs 79,589 12,308 425 — — — 92,322 Commissions, premium taxes, and non-deferred acquisition costs 83,578 54,214 5 — — — 137,797 Insurance administrative expense (1) — — — — 73,907 73,907 Parent expense — — — — 2,585 — 2,585 Stock-based compensation expense — — — — 7,679 — 7,679 Interest expense — — — — 24,867 — 24,867 Total expenses 481,323 231,161 (2,288) 227,850 109,038 — 1,047,084 Subtotal 291,274 91,332 2,288 29,255 (108,988) — 305,161 Non-operating items — — — — — — Measure of segment profitability (pretax) $ 291,274 $ 91,332 $ 2,288 $ 29,255 $ (108,988) $ — 305,161 Realized gain (loss)—investments (30,927) Income before income taxes per Condensed Consolidated Statements of Operations $ 274,234 (1) Administrative expense is not allocated to insurance segments. Three Months Ended March 31, 2022 Life Health Annuity Investment Corporate & Other Adjustments Consolidated Revenue: Premium $ 749,128 $ 315,684 $ — $ — $ — $ — $ 1,064,812 Net investment income — — — 244,894 — — 244,894 Other income — — — — 164 — 164 Total revenue 749,128 315,684 — 244,894 164 — 1,309,870 Expenses: Policy obligations 495,429 189,018 8,642 1,060 — — 694,149 Required interest on reserves (181,372) (25,270) (11,367) 218,009 — — — Amortization of acquisition costs 71,929 12,114 453 — — — 84,496 Commissions, premium taxes, and non-deferred acquisition costs 73,548 51,952 9 — — — 125,509 Insurance administrative expense (1) — — — — 72,565 112 (2) 72,677 Parent expense — — — — 2,640 2,640 Stock-based compensation expense — — — — 9,035 — 9,035 Interest expense — — — — 19,944 — 19,944 Total expenses 459,534 227,814 (2,263) 219,069 104,184 112 1,008,450 Subtotal 289,594 87,870 2,263 25,825 (104,020) (112) 301,420 Non-operating items — — — — — 112 (2) 112 Measure of segment profitability (pretax) $ 289,594 $ 87,870 $ 2,263 $ 25,825 $ (104,020) $ — 301,532 Realized gain (loss)—investments (7,244) Non-operating expenses (112) Income before income taxes per Condensed Consolidated Statements of Operations $ 294,176 (1) Administrative expense is not allocated to insurance segments. (2) Non-operating expenses.

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2023 segment
Significant of Account Policies [Line Items]
Number of reportable segments	4
Life insurance
Significant of Account Policies [Line Items]
Proportion of future policy reserves which are not universal life type	91%

New Accounting Standards - Sche

New Accounting Standards - Schedule of Liability for Future Policy Benefits, Nonparticipating Traditional Life (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at current discount rates as of January 1, 2021	$ 18,896,574	$ 18,040,042
Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at current discount rates as of January 1, 2021		$ 16,721,846
Life
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions	(3,138,215)		$ (7,620,695)		$ 9,057,475
Effect of capping and flooring					19,334
Balance, net of reinsurance, at current discount rates as of January 1, 2021	14,766,577		17,171,757	$ 19,987,227
Life \| Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at original discount rates as of December 31, 2020					10,910,418
Health
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions	(77,607)		(908,149)		853,606
Effect of capping and flooring					30,023
Balance, net of reinsurance, at current discount rates as of January 1, 2021	2,297,512		2,610,248	2,998,631
Health \| Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at original discount rates as of December 31, 2020					2,115,002
American Income \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions	(1,063,729)		(2,692,562)		3,334,600
Effect of capping and flooring					0
Balance, net of reinsurance, at current discount rates as of January 1, 2021	5,169,780		6,005,498	6,875,917
American Income \| Life \| Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at original discount rates as of December 31, 2020					3,541,317
American Income \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions	18,363		(59,275)		60,366
Effect of capping and flooring					0
Balance, net of reinsurance, at current discount rates as of January 1, 2021	126,200		143,579	162,364
American Income \| Health \| Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at original discount rates as of December 31, 2020					101,998
DTC \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions	(1,061,076)		(2,511,848)		2,195,430
Effect of capping and flooring					16,899
Balance, net of reinsurance, at current discount rates as of January 1, 2021	3,518,676		4,042,514	4,704,555
DTC \| Life \| Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at original discount rates as of December 31, 2020					2,492,226
DTC \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions	4,089		(14,762)		346
Effect of capping and flooring					4,193
Balance, net of reinsurance, at current discount rates as of January 1, 2021	1,009		1,112	1,598
DTC \| Health \| Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at original discount rates as of December 31, 2020					(2,941)
Liberty National \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions	(274,418)		(858,179)		1,229,610
Effect of capping and flooring					2,433
Balance, net of reinsurance, at current discount rates as of January 1, 2021	2,431,415		2,830,800	3,372,114
Liberty National \| Life \| Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at original discount rates as of December 31, 2020					2,140,071
Liberty National \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions	59,977		(176,686)		219,992
Effect of capping and flooring					19,324
Balance, net of reinsurance, at current discount rates as of January 1, 2021	532,897		620,481	740,628
Liberty National \| Health \| Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at original discount rates as of December 31, 2020					501,312
Other \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions					2,297,835
Effect of capping and flooring					2
Balance, net of reinsurance, at current discount rates as of January 1, 2021				5,034,641
Other \| Life \| Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at original discount rates as of December 31, 2020					2,736,804
United American \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions	52,672		(413,068)		75,652
Effect of capping and flooring					6,506
Balance, net of reinsurance, at current discount rates as of January 1, 2021	136,510		169,521	213,663
United American \| Health \| Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at original discount rates as of December 31, 2020					131,505
Family Heritage \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions	(212,708)		(244,358)		497,250
Effect of capping and flooring					0
Balance, net of reinsurance, at current discount rates as of January 1, 2021	$ 1,500,896		$ 1,675,555	$ 1,880,378
Family Heritage \| Health \| Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance, net of reinsurance, at original discount rates as of December 31, 2020					$ 1,383,128

New Accounting Standards - Liab

New Accounting Standards - Liability For Future Policy Benefits To Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Additional insurance liabilities				$ 2,008,399	$ 2,218,116
Total future policy benefits				24,994,257	15,243,536
Unearned and advance premium	$ 271,517	$ 253,140		243,369	61,728
Policy claims and other benefits payable	489,296	507,219		473,524	399,507
Other policyholders' funds	142,686	123,236		98,459	97,968
Total policy liabilities	19,800,073	$ 18,923,637		25,809,609	15,802,739
Life
Liability for Future Policy Benefit, Activity [Line Items]
Total future policy benefits	14,798,356		$ 17,222,992	19,987,227	10,910,418
Health
Liability for Future Policy Benefit, Activity [Line Items]
Total future policy benefits	$ 2,296,260		$ 2,617,575	$ 2,998,631	$ 2,115,002

New Accounting Standards - Defe

New Accounting Standards - Deferred Policy Acquisition Costs to Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	$ 5,654,438	$ 5,535,697	$ 5,191,683		$ 4,587,547	$ 4,595,444
Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	4,952,262	4,844,291	4,528,420	$ 4,412,015	3,983,021	3,982,159
Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	697,958	686,763	657,275	649,082	596,217	610,069
Annuity
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	4,218		5,988		8,309	3,216
American Income \| Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	2,332,600	2,258,291	2,042,907	1,960,254	1,647,761	1,647,761
American Income \| Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	59,890	57,811	51,820	49,406	39,477	39,477
Direct to Consumer \| Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	1,699,588	1,676,931	1,608,739	1,583,695	1,498,970	1,498,435
Direct to Consumer \| Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	1,807	1,854	1,988	2,032	2,215	6,600
Liberty National \| Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	622,532	610,723	575,838	566,419	531,504	531,504
Liberty National \| Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	134,728	133,096	128,338	127,537	124,754	124,888
United American \| Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	76,388	77,394	80,204	81,140	65,020	74,353
Family Heritage \| Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	425,145	416,608	394,925	388,967	364,751	364,751
Other \| Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	$ 297,542	$ 298,346	$ 300,936	$ 301,647	$ 304,786	$ 304,459

New Accounting Standards - Li_2

New Accounting Standards - Liability For Future Policy Benefits To Consolidated Statements of Shareholders' Equity: (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Stockholders' equity	$ 3,846,291	$ 3,949,577	$ 2,544,275	$ 2,003,808	$ 933,521	$ 8,771,092
Cumulative Effect, Period of Adoption, Adjustment
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions						(7,829,753)
Effect of capping and flooring						(38,992)
Effect of removal of unrealized gain (loss) on DAC						4,704
Other adjustments						26,470
Retained Earnings
Liability for Future Policy Benefit, Activity [Line Items]
Stockholders' equity	7,092,544	6,894,535	6,662,365	6,455,733	5,861,587	5,874,109
Retained Earnings \| Cumulative Effect, Period of Adoption, Adjustment
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions						0
Effect of capping and flooring						(38,992)
Effect of removal of unrealized gain (loss) on DAC						0
Other adjustments						26,470
Accumulated Other Comprehensive Income (Loss)
Liability for Future Policy Benefit, Activity [Line Items]
Stockholders' equity	$ (2,961,093)	$ (2,790,313)	$ (3,827,006)	$ (4,235,048)	(4,795,805)	3,029,244
Accumulated Other Comprehensive Income (Loss) \| Cumulative Effect, Period of Adoption, Adjustment
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions						(7,829,753)
Effect of capping and flooring						0
Effect of removal of unrealized gain (loss) on DAC						4,704
Other adjustments						0
Other
Liability for Future Policy Benefit, Activity [Line Items]
Stockholders' equity					$ (132,261)	(132,261)
Other \| Cumulative Effect, Period of Adoption, Adjustment
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in discount rate assumptions						0
Effect of capping and flooring						0
Effect of removal of unrealized gain (loss) on DAC						0
Other adjustments						$ 0

New Accounting Standards - Bala

New Accounting Standards - Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Assets:
Other receivables	$ 594,421	$ 589,079
Deferred acquisition costs	5,654,438	5,535,697	$ 5,191,683	$ 4,587,547	$ 4,595,444
Liabilities:
Future policy benefits	18,896,574	18,040,042
Unearned and advance premium	271,517	253,140		243,369	61,728
Policy claims and other benefits payable	489,296	507,219		$ 473,524	$ 399,507
Current and deferred income taxes	427,608	434,649
Shareholders' equity:
Accumulated other comprehensive income	(2,961,093)	(2,790,313)
Retained earnings	$ 7,092,544	6,894,535
Previously Reported
Assets:
Other receivables		484,887
Deferred acquisition costs		5,249,907
Liabilities:
Future policy benefits		16,721,846
Unearned and advance premium		60,742
Policy claims and other benefits payable		430,027
Current and deferred income taxes		686,172
Shareholders' equity:
Accumulated other comprehensive income		(1,415,714)
Retained earnings		6,466,220
Revision of Prior Period, Adjustment
Assets:
Other receivables		104,192
Deferred acquisition costs		285,790
Liabilities:
Future policy benefits		1,318,196
Unearned and advance premium		192,398
Policy claims and other benefits payable		77,192
Current and deferred income taxes		(251,523)
Shareholders' equity:
Accumulated other comprehensive income		(1,374,599)
Retained earnings		$ 428,315

New Accounting Standards - Stat

New Accounting Standards - Statements of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue:
Premium	$ 1,095,090	$ 1,064,812
Net investment income	257,105	244,894
Benefits and expenses:
Life policyholder benefits	507,977	495,429
Health policyholder benefits	190,962	189,018
Other policyholder benefits	8,988	9,702
Amortization of deferred acquisition costs	92,322	84,496
Commissions, premium taxes, and non-deferred acquisition costs	137,797	125,509
Income before income taxes	274,234	294,176
Income tax benefit (expense)	(50,624)	(56,692)
Net income	$ 223,610	$ 237,484
Basic net income per common share (in dollars per share)	$ 2.32	$ 2.39
Diluted net income per common share (in dollars per share)	$ 2.28	$ 2.37
Previously Reported
Revenue:
Net investment income		$ 243,834
Benefits and expenses:
Life policyholder benefits		549,343
Health policyholder benefits		196,855
Other policyholder benefits		7,050
Amortization of deferred acquisition costs		158,384
Commissions, premium taxes, and non-deferred acquisition costs		90,813
Income before income taxes		201,615
Income tax benefit (expense)		(37,254)
Net income		$ 164,361
Basic net income per common share (in dollars per share)		$ 1.66
Diluted net income per common share (in dollars per share)		$ 1.64
Revision of Prior Period, Adjustment
Revenue:
Net investment income		$ 1,060
Benefits and expenses:
Life policyholder benefits		(53,914)
Health policyholder benefits		(7,837)
Other policyholder benefits		2,652
Amortization of deferred acquisition costs		(73,888)
Commissions, premium taxes, and non-deferred acquisition costs		34,696
Income before income taxes		92,561
Income tax benefit (expense)		(19,438)
Net income		$ 73,123
Basic net income per common share (in dollars per share)		$ 0.73
Diluted net income per common share (in dollars per share)		$ 0.73
Life insurance
Revenue:
Premium	$ 772,597	$ 749,128
Life insurance \| Previously Reported
Revenue:
Premium		754,602
Life insurance \| Revision of Prior Period, Adjustment
Revenue:
Premium		(5,474)
Health premium
Revenue:
Premium	$ 322,493	315,684
Health premium \| Previously Reported
Revenue:
Premium		317,000
Health premium \| Revision of Prior Period, Adjustment
Revenue:
Premium		$ (1,316)

Supplemental Information abou_3

Supplemental Information about Changes to Accumulated Other Comprehensive Income - Schedule of Change in Balance by Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	$ 3,949,577	$ 2,003,808
Other comprehensive income (loss) before reclassifications, net of tax	(196,489)	408,511
Reclassifications, net of tax	25,709	(469)
Other comprehensive income (loss)	(170,780)	408,042
Ending balance	3,846,291	2,544,275
Total
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	(2,790,313)	(4,235,048)
Ending balance	(2,961,093)	(3,827,006)
Available for Sale Assets
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	(1,420,672)	2,765,290
Other comprehensive income (loss) before reclassifications, net of tax	378,162	(1,811,185)
Reclassifications, net of tax	25,746	(3,184)
Other comprehensive income (loss)	403,908	(1,814,369)
Ending balance	(1,016,764)	950,921
Future Policy Benefits
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	(1,369,204)	(6,915,910)
Other comprehensive income (loss) before reclassifications, net of tax	(569,503)	2,216,355
Reclassifications, net of tax	0	0
Other comprehensive income (loss)	(569,503)	2,216,355
Ending balance	(1,938,707)	(4,699,555)
Foreign Exchange
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	(1,681)	19,248
Other comprehensive income (loss) before reclassifications, net of tax	(5,148)	3,341
Reclassifications, net of tax	0	0
Other comprehensive income (loss)	(5,148)	3,341
Ending balance	(6,829)	22,589
Pension Adjustments
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	1,244	(103,676)
Other comprehensive income (loss) before reclassifications, net of tax	0	0
Reclassifications, net of tax	(37)	2,715
Other comprehensive income (loss)	(37)	2,715
Ending balance	$ 1,207	$ (100,961)

Supplemental Information abou_4

Supplemental Information about Changes to Accumulated Other Comprehensive Income - Summary of Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Unrealized investment (gains) losses on available for sale assets:
Realized (gains) losses	$ 30,927	$ 7,244
Net investment income	(257,105)	(244,894)
Other operating expense	84,171	84,352
Total before tax	(274,234)	(294,176)
Tax	50,624	56,692
Total after-tax	(223,610)	(237,484)
Reclassification out of Accumulated Other Comprehensive Income
Unrealized investment (gains) losses on available for sale assets:
Total after-tax	25,709	(469)
Reclassification out of Accumulated Other Comprehensive Income \| Unrealized Gains (Losses) on Available for Sale Assets
Unrealized investment (gains) losses on available for sale assets:
Realized (gains) losses	33,124	(4,937)
Net investment income	(534)	907
Total before tax	32,590	(4,030)
Tax	(6,844)	846
Total after-tax	25,746	(3,184)
Reclassification out of Accumulated Other Comprehensive Income \| Pension Adjustments
Unrealized investment (gains) losses on available for sale assets:
Total before tax	(48)	3,437
Tax	11	(722)
Total after-tax	(37)	2,715
Reclassification out of Accumulated Other Comprehensive Income \| Amortization of prior service cost
Unrealized investment (gains) losses on available for sale assets:
Other operating expense	269	158
Reclassification out of Accumulated Other Comprehensive Income \| Amortization of actuarial (gain) loss
Unrealized investment (gains) losses on available for sale assets:
Other operating expense	$ (317)	$ 3,279

Investments - Summary of Fixed

Investments - Summary of Fixed Maturities Available for Sale by Component (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Allowance for Credit Losses	$ (32,767)	$ 0
Fair value	17,206,885	16,503,365
Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	18,526,703	18,301,692
Allowance for Credit Losses	(32,767)	0
Gross Unrealized Gains	371,301	238,967
Gross Unrealized Losses	(1,658,352)	(2,037,294)
Fair value	$ 17,206,885	$ 16,503,365
Percentage of Fixed Maturities at Fair Value	100%	100%
U.S. Government direct, guaranteed, and government-sponsored enterprises \| Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 389,441	$ 394,439
Allowance for Credit Losses	0	0
Gross Unrealized Gains	114	27
Gross Unrealized Losses	(27,482)	(38,968)
Fair value	$ 362,073	$ 355,498
Percentage of Fixed Maturities at Fair Value	2%	2%
States, municipalities, and political subdivisions \| Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 2,894,161	$ 2,791,030
Allowance for Credit Losses	0	0
Gross Unrealized Gains	41,407	24,328
Gross Unrealized Losses	(426,929)	(505,447)
Fair value	$ 2,508,639	$ 2,309,911
Percentage of Fixed Maturities at Fair Value	15%	14%
Foreign governments \| Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 53,789	$ 55,164
Allowance for Credit Losses	0	0
Gross Unrealized Gains	13	6
Gross Unrealized Losses	(11,282)	(12,706)
Fair value	$ 42,520	$ 42,464
Percentage of Fixed Maturities at Fair Value	0%	0%
Corporates \| Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 15,064,568	$ 14,935,625
Allowance for Credit Losses	(32,767)	0
Gross Unrealized Gains	321,039	201,336
Gross Unrealized Losses	(1,185,701)	(1,470,897)
Fair value	$ 14,167,139	$ 13,666,064
Percentage of Fixed Maturities at Fair Value	82%	83%
Corporates \| Financial \| Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 4,973,445	$ 4,907,794
Allowance for Credit Losses	(26,040)	0
Gross Unrealized Gains	84,796	63,126
Gross Unrealized Losses	(453,394)	(504,489)
Fair value	$ 4,578,807	$ 4,466,431
Percentage of Fixed Maturities at Fair Value	27%	27%
Corporates \| Utilities \| Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 1,958,888	$ 1,924,190
Allowance for Credit Losses	0	0
Gross Unrealized Gains	70,798	36,670
Gross Unrealized Losses	(94,579)	(125,713)
Fair value	$ 1,935,107	$ 1,835,147
Percentage of Fixed Maturities at Fair Value	11%	11%
Corporates \| Energy \| Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 1,434,766	$ 1,436,598
Allowance for Credit Losses	0	0
Gross Unrealized Gains	38,477	22,637
Gross Unrealized Losses	(80,338)	(101,923)
Fair value	$ 1,392,905	$ 1,357,312
Percentage of Fixed Maturities at Fair Value	8%	8%
Corporates \| Other corporate sectors \| Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 6,697,469	$ 6,667,043
Allowance for Credit Losses	(6,727)	0
Gross Unrealized Gains	126,968	78,903
Gross Unrealized Losses	(557,390)	(738,772)
Fair value	$ 6,260,320	$ 6,007,174
Percentage of Fixed Maturities at Fair Value	36%	37%
Collateralized debt obligations \| Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 36,778	$ 37,098
Allowance for Credit Losses	0	0
Gross Unrealized Gains	8,724	13,266
Gross Unrealized Losses	0	0
Fair value	$ 45,502	$ 50,364
Percentage of Fixed Maturities at Fair Value	0%	0%
Other asset-backed securities \| Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 87,966	$ 88,336
Allowance for Credit Losses	0	0
Gross Unrealized Gains	4	4
Gross Unrealized Losses	(6,958)	(9,276)
Fair value	$ 81,012	$ 79,064
Percentage of Fixed Maturities at Fair Value	1%	1%

Investments - Additional Inform

Investments - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) issuer loan Issue	Dec. 31, 2022 USD ($) Issue issuer
Debt Securities, Available-for-sale [Line Items]
Fair value	$ 17,206,885	$ 16,503,365
Fixed maturity, portfolio issues \| Issue	2,379	2,328
Fixed portfolio, number of issuers \| issuer	987	979
Investment funds, unfunded commitments	$ 472,000
Increase in allowance for credit losses	1,300
Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Fair value	$ 17,206,885	$ 16,503,365
Percentage of fixed maturities at fair value	100%	100%
Corporates \| Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Fair value	$ 14,167,139	$ 13,666,064
Percentage of fixed maturities at fair value	82%	83%
Banks \| Corporates \| Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Fair value	$ 1,300,000	$ 1,300,000
Percentage of fixed maturities at fair value	8%	8%
Unfunded loan commitment
Debt Securities, Available-for-sale [Line Items]
Carrying value, net of valuation allowance	$ 28,000
Investment in Limited Partnerships
Debt Securities, Available-for-sale [Line Items]
Capital called from investment funds	21,000
Investment funds, unfunded commitments	$ 471,690
Commercial mortgage loan participations
Debt Securities, Available-for-sale [Line Items]
Number of loans \| loan	25
Carrying value, net of valuation allowance	$ 204,275	$ 181,305

Investments - Schedule of Fixed

Investments - Schedule of Fixed Maturities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Amortized Cost, net
Due in one year or less	$ 169,491
Due after one year through five years	1,113,684
Due after five years through ten years	1,691,785
Due after ten years through twenty years	7,976,112
Due after twenty years	7,418,120
Mortgage-backed and asset-backed securities	124,744
Fixed maturities, net of allowance for credit losses	18,493,936
Fair Value
Due in one year or less	170,003
Due after one year through five years	1,118,421
Due after five years through ten years	1,717,908
Due after ten years through twenty years	7,740,695
Due after twenty years	6,333,344
Mortgage-backed and asset-backed securities	126,514
Fixed maturities, fair value	$ 17,206,885	$ 16,503,365

Investments - Schedule of Analy

Investments - Schedule of Analysis of Investment Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net Investment Income [Line Items]
Investment income, gross	$ 261,392	$ 249,427
Percentage change in investment income, gross	5%
Less investment expense	$ (4,287)	(4,533)
Percentage change in investment expense	(5.00%)
Net investment income	$ 257,105	244,894
Percentage change in net investment income	5%
Investment distribution	$ 11,300	10,700
Fixed maturities available for sale
Net Investment Income [Line Items]
Investment income, gross	$ 232,299	225,284
Percentage change in investment income, gross	3%
Policy loans
Net Investment Income [Line Items]
Investment income, gross	$ 11,755	11,428
Percentage change in investment income, gross	3%
Other long-term investments
Net Investment Income [Line Items]
Investment income, gross	$ 15,743	12,713
Percentage change in investment income, gross	24%
Short-term investments
Net Investment Income [Line Items]
Investment income, gross	$ 1,595	$ 2
Percentage change in investment income, gross

Investments - Schedule of Selec

Investments - Schedule of Selected Information about Sales of Fixed Maturities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales	$ 15,705	$ 75,116
Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales	15,705	75,116
Gross realized gains	0	773
Gross realized losses	$ (358)	$ (3,679)

Investments - Realized Gain (Lo

Investments - Realized Gain (Loss) on Investments (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Sales and other	$ (357,000)	$ 4,549,000
Provision for credit losses	(32,767,000)	387,000
Fair value option—change in fair value	1,858,000	(5,338,000)
Other investments	339,000	(6,842,000)
Realized gains (losses) from investments	(30,927,000)	(7,244,000)
Applicable tax	6,495,000	1,521,000
Realized gains (losses), net of tax	(24,432,000)	(5,723,000)
Exchanges of fixed maturities	0	0
Exchanges of fixed maturities, net realized gains	$ 0	$ 0

Investments - Assets Measured a

Investments - Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 17,206,885	$ 16,503,365
Percentage of total	3%		3%
Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 17,206,885	$ 16,503,365
Percentage of total	100%	100%
U.S. Government direct, guaranteed, and government-sponsored enterprises \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 362,073	$ 355,498
States, municipalities, and political subdivisions \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	2,508,639	2,309,911
Foreign governments \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 42,520	42,464
Corporates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of total	3%		3%
Corporates \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 14,167,139	13,666,064
Corporates \| Financial \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	4,578,807	4,466,431
Corporates \| Utilities \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	1,935,107	1,835,147
Corporates \| Energy \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	1,392,905	1,357,312
Corporates \| Other corporate sectors \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 6,260,320	6,007,174
Collateralized debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of total	0%		0%
Collateralized debt obligations \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 45,502	50,364
Other asset-backed securities \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	81,012	79,064
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 0	$ 0
Percentage of total	0%	0%
Quoted Prices in Active Markets for Identical Assets (Level 1) \| U.S. Government direct, guaranteed, and government-sponsored enterprises \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 0	$ 0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| States, municipalities, and political subdivisions \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Foreign governments \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Corporates \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Corporates \| Financial \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Corporates \| Utilities \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Corporates \| Energy \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Corporates \| Other corporate sectors \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Collateralized debt obligations \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Other asset-backed securities \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Significant Other Observable Inputs (Level 2) \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 16,689,744	$ 15,974,918
Percentage of total	97%	97%
Significant Other Observable Inputs (Level 2) \| U.S. Government direct, guaranteed, and government-sponsored enterprises \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 362,073	$ 355,498
Significant Other Observable Inputs (Level 2) \| States, municipalities, and political subdivisions \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	2,508,639	2,309,911
Significant Other Observable Inputs (Level 2) \| Foreign governments \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	42,520	42,464
Significant Other Observable Inputs (Level 2) \| Corporates \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	13,695,500	13,187,981
Significant Other Observable Inputs (Level 2) \| Corporates \| Financial \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	4,445,091	4,332,495
Significant Other Observable Inputs (Level 2) \| Corporates \| Utilities \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	1,822,748	1,723,832
Significant Other Observable Inputs (Level 2) \| Corporates \| Energy \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	1,381,989	1,346,212
Significant Other Observable Inputs (Level 2) \| Corporates \| Other corporate sectors \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	6,045,672	5,785,442
Significant Other Observable Inputs (Level 2) \| Collateralized debt obligations \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Significant Other Observable Inputs (Level 2) \| Other asset-backed securities \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	81,012	79,064
Significant Unobservable Inputs (Level 3) \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 517,141	$ 528,447
Percentage of total	3%	3%
Significant Unobservable Inputs (Level 3) \| U.S. Government direct, guaranteed, and government-sponsored enterprises \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 0	$ 0
Significant Unobservable Inputs (Level 3) \| States, municipalities, and political subdivisions \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Significant Unobservable Inputs (Level 3) \| Foreign governments \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Significant Unobservable Inputs (Level 3) \| Corporates \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	471,639	478,083
Significant Unobservable Inputs (Level 3) \| Corporates \| Financial \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	133,716	133,936
Significant Unobservable Inputs (Level 3) \| Corporates \| Utilities \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	112,359	111,315
Significant Unobservable Inputs (Level 3) \| Corporates \| Energy \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	10,916	11,100
Significant Unobservable Inputs (Level 3) \| Corporates \| Other corporate sectors \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	214,648	221,732
Significant Unobservable Inputs (Level 3) \| Collateralized debt obligations \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	45,502	50,364
Significant Unobservable Inputs (Level 3) \| Other asset-backed securities \| Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 0	$ 0

Investments - Schedule of Chang

Investments - Schedule of Changes in Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Beginning Balance	$ 528,447	$ 705,193
Included in realized gains/losses	0	0
Included in other comprehensive income	828	(40,169)
Acquisitions	0	0
Sales	0	0
Amortization	1,143	1,124
Other	(13,277)	(20,640)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	$ 517,141	$ 645,508
Percentage of total	3%	3%
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Realized gains (losses)	Realized gains (losses)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent
Asset- backed Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Beginning Balance	$ 0	$ 0
Included in realized gains/losses	0	0
Included in other comprehensive income	0	0
Acquisitions	0	0
Sales	0	0
Amortization	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	$ 0	$ 0
Percentage of total	0%	0%
Collateralized debt obligations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Beginning Balance	$ 50,364	$ 63,505
Included in realized gains/losses	0	0
Included in other comprehensive income	(4,542)	(3,809)
Acquisitions	0	0
Sales	0	0
Amortization	1,141	1,123
Other	(1,461)	(1,281)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	$ 45,502	$ 59,538
Percentage of total	0%	0%
Corporates
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Beginning Balance	$ 478,083	$ 641,688
Included in realized gains/losses	0	0
Included in other comprehensive income	5,370	(36,360)
Acquisitions	0	0
Sales	0	0
Amortization	2	1
Other	(11,816)	(19,359)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	$ 471,639	$ 585,970
Percentage of total	3%	3%

Investments - Unrealized Gains

Investments - Unrealized Gains or (Losses) Included in Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in unrealized gains (losses) for the period	$ 828	$ (40,169)
Asset- backed Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in unrealized gains (losses) for the period	0	0
Collateralized debt obligations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in unrealized gains (losses) for the period	(4,542)	(3,809)
Corporates
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in unrealized gains (losses) for the period	$ 5,370	$ (36,360)

Investments - Information about

Investments - Information about Investments in Unrealized Loss Position (Details) - Issue	Mar. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Less than Twelve Months	624	1,819
Twelve Months or Longer	1,290	157
Total	1,914	1,976

Investments - Schedule of Unrea

Investments - Schedule of Unrealized Investment Losses by Class of Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	$ 4,268,097	$ 11,450,679
Unrealized Loss, Less than Twelve Months	(238,604)	(1,846,999)
Fair Value, Twelve Months or Longer	6,786,036	433,328
Unrealized Loss, Twelve Months or Longer	(1,419,748)	(190,295)
Fair Value	11,054,133	11,884,007
Unrealized Loss	(1,658,352)	(2,037,294)
Investment Grade
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	4,108,960	11,121,941
Unrealized Loss, Less than Twelve Months	(224,533)	(1,796,781)
Fair Value, Twelve Months or Longer	6,522,450	357,361
Unrealized Loss, Twelve Months or Longer	(1,344,978)	(158,773)
Fair Value	10,631,410	11,479,302
Unrealized Loss	(1,569,511)	(1,955,554)
Investment Grade \| U.S. Government direct, guaranteed, and government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	275,114	349,887
Unrealized Loss, Less than Twelve Months	(17,384)	(38,218)
Fair Value, Twelve Months or Longer	84,691	3,424
Unrealized Loss, Twelve Months or Longer	(10,098)	(750)
Fair Value	359,805	353,311
Unrealized Loss	(27,482)	(38,968)
Investment Grade \| States, municipalities, and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	601,542	1,767,624
Unrealized Loss, Less than Twelve Months	(23,575)	(453,149)
Fair Value, Twelve Months or Longer	1,219,137	95,124
Unrealized Loss, Twelve Months or Longer	(403,354)	(52,298)
Fair Value	1,820,679	1,862,748
Unrealized Loss	(426,929)	(505,447)
Investment Grade \| Foreign governments
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	15,491	6,297
Unrealized Loss, Less than Twelve Months	(145)	(201)
Fair Value, Twelve Months or Longer	25,555	25,134
Unrealized Loss, Twelve Months or Longer	(11,137)	(12,505)
Fair Value	41,046	31,431
Unrealized Loss	(11,282)	(12,706)
Investment Grade \| Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	3,191,080	8,937,976
Unrealized Loss, Less than Twelve Months	(182,733)	(1,299,990)
Fair Value, Twelve Months or Longer	5,149,436	225,719
Unrealized Loss, Twelve Months or Longer	(914,935)	(90,785)
Fair Value	8,340,516	9,163,695
Unrealized Loss	(1,097,668)	(1,390,775)
Investment Grade \| Corporates \| Financial
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	1,355,645	2,837,918
Unrealized Loss, Less than Twelve Months	(92,771)	(426,132)
Fair Value, Twelve Months or Longer	1,482,482	109,784
Unrealized Loss, Twelve Months or Longer	(308,161)	(42,173)
Fair Value	2,838,127	2,947,702
Unrealized Loss	(400,932)	(468,305)
Investment Grade \| Corporates \| Utilities
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	304,897	1,088,219
Unrealized Loss, Less than Twelve Months	(14,438)	(116,272)
Fair Value, Twelve Months or Longer	474,873	21,636
Unrealized Loss, Twelve Months or Longer	(77,678)	(6,268)
Fair Value	779,770	1,109,855
Unrealized Loss	(92,116)	(122,540)
Investment Grade \| Corporates \| Energy
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	319,199	855,853
Unrealized Loss, Less than Twelve Months	(11,489)	(91,755)
Fair Value, Twelve Months or Longer	332,106	0
Unrealized Loss, Twelve Months or Longer	(58,433)	0
Fair Value	651,305	855,853
Unrealized Loss	(69,922)	(91,755)
Investment Grade \| Corporates \| Other corporate sectors
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	1,211,339	4,155,986
Unrealized Loss, Less than Twelve Months	(64,035)	(665,831)
Fair Value, Twelve Months or Longer	2,859,975	94,299
Unrealized Loss, Twelve Months or Longer	(470,663)	(42,344)
Fair Value	4,071,314	4,250,285
Unrealized Loss	(534,698)	(708,175)
Investment Grade \| Collateralized debt obligations
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	0
Unrealized Loss, Less than Twelve Months	0	0
Fair Value, Twelve Months or Longer	0	0
Unrealized Loss, Twelve Months or Longer	0	0
Fair Value	0	0
Unrealized Loss	0	0
Investment Grade \| Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	25,733	60,157
Unrealized Loss, Less than Twelve Months	(696)	(5,223)
Fair Value, Twelve Months or Longer	43,631	7,960
Unrealized Loss, Twelve Months or Longer	(5,454)	(2,435)
Fair Value	69,364	68,117
Unrealized Loss	(6,150)	(7,658)
Below Investment Grade
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	159,137	328,738
Unrealized Loss, Less than Twelve Months	(14,071)	(50,218)
Fair Value, Twelve Months or Longer	263,586	75,967
Unrealized Loss, Twelve Months or Longer	(74,770)	(31,522)
Fair Value	422,723	404,705
Unrealized Loss	(88,841)	(81,740)
Below Investment Grade \| States, municipalities, and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	0
Unrealized Loss, Less than Twelve Months	0	0
Fair Value, Twelve Months or Longer	0	0
Unrealized Loss, Twelve Months or Longer	0	0
Fair Value	0	0
Unrealized Loss	0	0
Below Investment Grade \| Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	159,137	328,738
Unrealized Loss, Less than Twelve Months	(14,071)	(50,218)
Fair Value, Twelve Months or Longer	252,006	65,093
Unrealized Loss, Twelve Months or Longer	(73,962)	(29,904)
Fair Value	411,143	393,831
Unrealized Loss	(88,033)	(80,122)
Below Investment Grade \| Corporates \| Financial
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	79,716	120,377
Unrealized Loss, Less than Twelve Months	(9,059)	(18,901)
Fair Value, Twelve Months or Longer	106,971	38,348
Unrealized Loss, Twelve Months or Longer	(43,403)	(17,283)
Fair Value	186,687	158,725
Unrealized Loss	(52,462)	(36,184)
Below Investment Grade \| Corporates \| Utilities
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	8,265	27,722
Unrealized Loss, Less than Twelve Months	(662)	(3,173)
Fair Value, Twelve Months or Longer	20,166	0
Unrealized Loss, Twelve Months or Longer	(1,801)	0
Fair Value	28,431	27,722
Unrealized Loss	(2,463)	(3,173)
Below Investment Grade \| Corporates \| Energy
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	14,480
Unrealized Loss, Less than Twelve Months	0	(2,182)
Fair Value, Twelve Months or Longer	34,289	20,075
Unrealized Loss, Twelve Months or Longer	(10,416)	(7,986)
Fair Value	34,289	34,555
Unrealized Loss	(10,416)	(10,168)
Below Investment Grade \| Corporates \| Other corporate sectors
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	71,156	166,159
Unrealized Loss, Less than Twelve Months	(4,350)	(25,962)
Fair Value, Twelve Months or Longer	90,580	6,670
Unrealized Loss, Twelve Months or Longer	(18,342)	(4,635)
Fair Value	161,736	172,829
Unrealized Loss	(22,692)	(30,597)
Below Investment Grade \| Collateralized debt obligations
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	0
Unrealized Loss, Less than Twelve Months	0	0
Fair Value, Twelve Months or Longer	0	0
Unrealized Loss, Twelve Months or Longer	0	0
Fair Value	0	0
Unrealized Loss	0	0
Below Investment Grade \| Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	0
Unrealized Loss, Less than Twelve Months	0	0
Fair Value, Twelve Months or Longer	11,580	10,874
Unrealized Loss, Twelve Months or Longer	(808)	(1,618)
Fair Value	11,580	10,874
Unrealized Loss	$ (808)	$ (1,618)

Investments - Fixed Maturities,

Investments - Fixed Maturities, Allowance for Credit Loss (Details) - Corporates - Fixed maturities available for sale - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses beginning balance	$ 0	$ 387
Additions to allowance for which credit losses were not previously recorded	32,767	0
Additions (reductions) to allowance for fixed maturities that previously had an allowance	0	0
Reduction of allowance for which the Company intends to sell or more likely than not will be required to sell or sold during the period	0	(387)
Allowance for credit losses ending balance	$ 32,767	$ 0

Investments - Schedule of Other

Investments - Schedule of Other Long-Term Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Long-Term Investment [Line Items]
Commercial mortgage loan participations	$ 1,022,611	$ 976,016
Commercial mortgage loan participations
Long-Term Investment [Line Items]
Commercial mortgage loan participations	204,275	181,305
Other
Long-Term Investment [Line Items]
Commercial mortgage loan participations	29,139	26,022
Partnership Interest - Fair Value Option \| Investment funds
Long-Term Investment [Line Items]
Commercial mortgage loan participations	$ 789,197	$ 768,689

Investments - Schedule of Inves

Investments - Schedule of Investment Funds (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Alternative Investment [Line Items]
Investment funds, unfunded commitments	$ 472,000
Investment funds
Alternative Investment [Line Items]
Investment funds, fair value	789,197	$ 768,689
Investment funds, unfunded commitments	471,690
Capital called from investment funds	21,000
Investment funds \| Commercial mortgage loans
Alternative Investment [Line Items]
Investment funds, fair value	454,144	431,405
Investment funds, unfunded commitments	330,245
Investment funds \| Opportunistic credit
Alternative Investment [Line Items]
Investment funds, fair value	157,899	158,524
Investment funds, unfunded commitments	$ 0
Investments, initial redemption, term	2 years
Investments, redemption, term	36 months
Investment funds \| Infrastructure
Alternative Investment [Line Items]
Investment funds, fair value	$ 158,036	159,534
Investment funds, unfunded commitments	21,366
Investment funds \| Other investments
Alternative Investment [Line Items]
Investment funds, fair value	19,118	$ 19,226
Investment funds, unfunded commitments	$ 120,079

Investments - Commercial Mortga

Investments - Commercial Mortgage Loan Participations (Details) - Commercial mortgage loan participations - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 207,344	$ 183,094
Carrying value, gross, percent	102%	101%
Less allowance for credit losses	$ (3,069)	$ (1,789)	$ (827)	$ (827)
Allowance for credit losses, percent	(2.00%)	(1.00%)
Carrying value, net of valuation allowance	$ 204,275	$ 181,305
Carrying value, net, percent	100%	100%
Less than 70%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 168,131	$ 144,395
Carrying value, net, percent	81%	79%
70% to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 8,460	$ 23,358
Carrying value, net, percent	4%	13%
81% to 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 8,307	$ 8,307
Carrying value, net, percent	4%	4%
Greater than 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 22,446	$ 7,034
Carrying value, net, percent	11%	4%
California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 64,990	$ 64,477
Carrying value, gross, percent	32%	36%
Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 23,132	$ 22,905
Carrying value, gross, percent	12%	13%
New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 27,570	$ 19,167
Carrying value, gross, percent	14%	11%
Washington
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 14,939	$ 14,925
Carrying value, gross, percent	7%	8%
Massachusetts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 14,925	$ 0
Carrying value, gross, percent	7%	0%
Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 33,217	$ 33,182
Carrying value, gross, percent	16%	18%
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 28,571	$ 28,438
Carrying value, gross, percent	14%	15%
Mixed use
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 59,965	$ 62,375
Carrying value, gross, percent	29%	34%
Hospitality
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 28,033	$ 27,796
Carrying value, gross, percent	14%	15%
Retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 23,744	$ 15,342
Carrying value, gross, percent	12%	9%
Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 27,259	$ 27,248
Carrying value, gross, percent	13%	15%
Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 57,206	$ 42,232
Carrying value, gross, percent	28%	23%
Office
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 11,137	$ 8,101
Carrying value, gross, percent	6%	5%

Investments - Commercial Mort_2

Investments - Commercial Mortgage Loan Participations Recorded Investment (Details) - Commercial mortgage loan participations - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	$ 204,275	$ 181,305
Carrying value	207,344	183,094
Less allowance for credit losses	$ (3,069)	$ (1,789)	$ (827)	$ (827)
Carrying value, net of valuation allowance, percent	100%	100%
Less than 70%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 168,131	$ 144,395
Carrying value, net of valuation allowance, percent	81%	79%
70% to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 8,460	$ 23,358
Carrying value, net of valuation allowance, percent	4%	13%
81% to 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 8,307	$ 8,307
Carrying value, net of valuation allowance, percent	4%	4%
Greater than 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 22,446	$ 7,034
Carrying value, net of valuation allowance, percent	11%	4%
Less Than 1.00x
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	$ 39,577	$ 39,562
Less Than 1.00x \| Less than 70%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	24,235	24,221
Less Than 1.00x \| 70% to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	0	0
Less Than 1.00x \| 81% to 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	8,307	8,307
Less Than 1.00x \| Greater than 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	7,035	7,034
1.00x-1.20x
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	146,099	130,276
1.00x-1.20x \| Less than 70%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	123,466	108,156
1.00x-1.20x \| 70% to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	7,222	22,120
1.00x-1.20x \| 81% to 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	0	0
1.00x-1.20x \| Greater than 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	15,411	0
Greater Than 1.20x
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	21,668	13,256
Greater Than 1.20x \| Less than 70%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	20,430	12,018
Greater Than 1.20x \| 70% to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	1,238	1,238
Greater Than 1.20x \| 81% to 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	0	0
Greater Than 1.20x \| Greater than 90%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, net of valuation allowance	$ 0	$ 0

Investments - Commercial Mort_3

Investments - Commercial Mortgage Loan Participations, Allowance for Credit Loss (Details) - Commercial mortgage loan participations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses beginning balance	$ 1,789	$ 827
Provision (reversal) for credit losses	1,280	0
Allowance for credit losses ending balance	$ 3,069	$ 827

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	Mar. 31, 2023 USD ($)
Obligation with Joint and Several Liability Arrangement [Line Items]
Letters of credit outstanding	$ 115
Letter of Credit
Obligation with Joint and Several Liability Arrangement [Line Items]
Letter of credit maximum available amount	$ 250

Policy Liabilities - Liability

Policy Liabilities - Liability for Future Policy Benefit, Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Net liability for future policy benefits—long duration health					$ 24,994,257	$ 15,243,536
Net liability for future policy benefits, after other adjustments, at current discount rates	$ 18,896,574		$ 18,040,042
Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	11,748,528	$ 14,082,538
Beginning balance	11,442,919	10,896,222
Effect of changes in assumptions of future cash flows			0	$ 0
Effect of actual variances from expected experience			(85,445)	(32,883)
Adjusted balance			11,357,474	10,863,339
Issuances	398,890	419,966
Interest accrual	137,847	128,664
Net premiums collected	(325,903)	(312,418)
Effect of changes in the foreign exchange rate	(3,999)	2,900
Ending balance	11,564,309	11,102,451
Effect of change from original to current discount rates	625,017	1,991,771
Ending balance	12,189,326	13,094,222
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	25,749,961	33,664,308
Beginning balance	23,564,337	22,374,930
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(90,423)	(26,976)
Adjusted balance			23,473,914	22,347,954
Issuances	398,890	419,966
Interest accrual	315,731	297,774
Benefit payments	(329,357)	(375,686)
Effect of changes in the foreign exchange rate	(9,711)	6,511
Ending balance	23,849,467	22,696,519
Effect of changes in discount rate assumptions	3,138,215	7,620,695				(9,057,475)
Ending balance	26,987,682	30,317,214
Net liability for future policy benefits at original discount rates	12,285,158	11,594,068
Effect of changes in discount rate assumptions	2,513,198	5,628,924
Net liability for future policy benefits—long duration health	14,798,356	17,222,992			19,987,227	10,910,418
Other Adjustments		(51,235)	(31,779)
Net liability for future policy benefits, after other adjustments, at current discount rates	14,766,577	17,171,757			19,987,227
Health
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	5,207,422	6,418,018
Beginning balance	5,366,304	5,328,427
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(73,669)	(84,529)
Adjusted balance			5,292,635	5,243,898
Issuances	169,533	165,699
Interest accrual	55,769	53,164
Net premiums collected	(130,381)	(126,331)
Effect of changes in the foreign exchange rate	(388)	312
Ending balance	5,387,168	5,336,742
Effect of change from original to current discount rates	12,675	(571,897)
Ending balance	5,374,493	5,908,639
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	7,394,349	9,353,001
Beginning balance	7,710,767	7,587,083
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(71,097)	(86,581)
Adjusted balance			7,639,670	7,500,502
Issuances	169,355	165,616
Interest accrual	82,334	78,625
Benefit payments	(142,291)	(127,235)
Effect of changes in the foreign exchange rate	(708)	557
Ending balance	7,748,360	7,618,065
Effect of changes in discount rate assumptions	77,607	908,149				(853,606)
Ending balance	7,670,753	8,526,214
Net liability for future policy benefits at original discount rates	2,361,192	2,281,323
Effect of changes in discount rate assumptions	(64,932)	336,252
Net liability for future policy benefits—long duration health	2,296,260	2,617,575			2,998,631	2,115,002
Other Adjustments	1,252	(7,327)
Net liability for future policy benefits, after other adjustments, at current discount rates	2,297,512	2,610,248			2,998,631
American Income \| Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	4,273,156	4,925,192
Beginning balance	4,246,723	3,906,098
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(29,981)	(4,315)
Adjusted balance			4,216,742	3,901,783
Issuances	192,555	215,926
Interest accrual	47,898	43,074
Net premiums collected	(127,239)	(120,203)
Effect of changes in the foreign exchange rate	(3,999)	2,900
Ending balance	4,325,957	4,043,480
Effect of change from original to current discount rates	141,680	603,267
Ending balance	4,467,637	4,646,747
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	9,119,104	11,773,519
Beginning balance	8,409,761	7,744,201
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(31,526)	(2,959)
Adjusted balance			8,378,235	7,741,242
Issuances	192,555	215,926
Interest accrual	109,329	100,336
Benefit payments	(96,674)	(104,321)
Effect of changes in the foreign exchange rate	(9,711)	6,511
Ending balance	8,573,734	7,959,694
Effect of changes in discount rate assumptions	1,063,729	2,692,562				(3,334,600)
Ending balance	9,637,463	10,652,256
Net liability for future policy benefits at original discount rates	4,247,777	3,916,214
Effect of changes in discount rate assumptions	922,049	2,089,295
Net liability for future policy benefits—long duration health	5,169,826	6,005,509
Other Adjustments		(11)	(46)
Net liability for future policy benefits, after other adjustments, at current discount rates	5,169,780	6,005,498			6,875,917
American Income \| Health
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	190,296	222,553
Beginning balance	192,631	178,801
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(1,621)	(2,465)
Adjusted balance			191,010	176,336
Issuances	10,212	10,452
Interest accrual	2,036	1,831
Net premiums collected	(5,424)	(5,252)
Effect of changes in the foreign exchange rate	(388)	312
Ending balance	197,446	183,679
Effect of change from original to current discount rates	(3,220)	(24,385)
Ending balance	200,666	208,064
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	312,750	380,915
Beginning balance	303,713	285,604
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(1,578)	(2,645)
Adjusted balance			302,135	282,959
Issuances	10,212	10,452
Interest accrual	3,668	3,432
Benefit payments	(7,137)	(5,044)
Effect of changes in the foreign exchange rate	(708)	557
Ending balance	308,170	292,356
Effect of changes in discount rate assumptions	(18,363)	59,275				(60,366)
Ending balance	326,533	351,631
Net liability for future policy benefits at original discount rates	110,724	108,677
Effect of changes in discount rate assumptions	15,143	34,890
Net liability for future policy benefits—long duration health	125,867	143,567
Other Adjustments	333	12
Net liability for future policy benefits, after other adjustments, at current discount rates	126,200	143,579			162,364
Direct to Consumer \| Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	5,910,224	7,264,905
Beginning balance	5,680,864	5,533,741
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(47,988)	(29,595)
Adjusted balance			5,632,876	5,504,146
Issuances	168,952	173,775
Interest accrual	70,991	67,608
Net premiums collected	(153,919)	(149,757)
Effect of changes in the foreign exchange rate	0	0
Ending balance	5,718,900	5,595,772
Effect of change from original to current discount rates	391,650	1,114,883
Ending balance	6,110,550	6,710,655
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	9,225,451	11,859,408
Beginning balance	8,477,892	8,157,259
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(48,947)	(25,850)
Adjusted balance			8,428,945	8,131,409
Issuances	168,952	173,775
Interest accrual	112,768	106,928
Benefit payments	(147,061)	(173,611)
Effect of changes in the foreign exchange rate	0	0
Ending balance	8,563,604	8,238,501
Effect of changes in discount rate assumptions	1,061,076	2,511,848				(2,195,430)
Ending balance	9,624,680	10,750,349
Net liability for future policy benefits at original discount rates	2,844,704	2,642,729
Effect of changes in discount rate assumptions	669,426	1,396,965
Net liability for future policy benefits—long duration health	3,514,130	4,039,694
Other Adjustments		2,820	4,546
Net liability for future policy benefits, after other adjustments, at current discount rates	3,518,676	4,042,514			4,704,555
Direct to Consumer \| Health
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	90,143	121,724
Beginning balance	87,751	96,776
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(2,573)	(1,880)
Adjusted balance			85,178	94,896
Issuances	2,392	880
Interest accrual	1,057	1,182
Net premiums collected	(2,661)	(2,550)
Effect of changes in the foreign exchange rate	0	0
Ending balance	85,966	94,408
Effect of change from original to current discount rates	(4,277)	(15,326)
Ending balance	90,243	109,734
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	87,532	119,888
Beginning balance	85,212	95,628
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(2,302)	(2,025)
Adjusted balance			82,910	93,603
Issuances	2,388	876
Interest accrual	1,057	1,182
Benefit payments	(3,354)	(3,389)
Effect of changes in the foreign exchange rate	0	0
Ending balance	83,001	92,272
Effect of changes in discount rate assumptions	(4,089)	14,762				(346)
Ending balance	87,090	107,034
Net liability for future policy benefits at original discount rates	(2,965)	(2,136)
Effect of changes in discount rate assumptions	(188)	(564)
Net liability for future policy benefits—long duration health	(3,153)	(2,700)
Other Adjustments	4,162	3,812
Net liability for future policy benefits, after other adjustments, at current discount rates	1,009	1,112			1,598
Liberty National \| Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	1,094,407	1,332,469
Beginning balance	1,066,123	1,040,242
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(5,590)	(625)
Adjusted balance			1,060,533	1,039,617
Issuances	30,142	22,965
Interest accrual	13,288	12,810
Net premiums collected	(33,188)	(31,627)
Effect of changes in the foreign exchange rate	0	0
Ending balance	1,070,775	1,043,765
Effect of change from original to current discount rates	57,308	181,223
Ending balance	1,128,083	1,224,988
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	3,429,256	4,542,697
Beginning balance	3,272,980	3,206,164
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(7,054)	153
Adjusted balance			3,265,926	3,206,317
Issuances	30,142	22,965
Interest accrual	43,256	42,230
Benefit payments	(54,730)	(63,457)
Effect of changes in the foreign exchange rate	0	0
Ending balance	3,284,594	3,208,055
Effect of changes in discount rate assumptions	274,418	858,179				(1,229,610)
Ending balance	3,559,012	4,066,234
Net liability for future policy benefits at original discount rates	2,213,819	2,164,290
Effect of changes in discount rate assumptions	217,110	676,956
Net liability for future policy benefits—long duration health	2,430,929	2,841,246
Other Adjustments		(10,446)	486
Net liability for future policy benefits, after other adjustments, at current discount rates	2,431,415	2,830,800			3,372,114
Liberty National \| Health
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	423,490	517,368
Beginning balance	415,442	414,409
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(16,585)	(15,462)
Adjusted balance			398,857	398,947
Issuances	13,303	10,815
Interest accrual	4,890	4,872
Net premiums collected	(12,403)	(12,883)
Effect of changes in the foreign exchange rate	0	0
Ending balance	404,647	401,751
Effect of change from original to current discount rates	(16,800)	(61,701)
Ending balance	421,447	463,452
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	941,574	1,201,317
Beginning balance	904,865	921,608
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(15,995)	(15,790)
Adjusted balance			888,870	905,818
Issuances	13,285	10,866
Interest accrual	11,840	12,120
Benefit payments	(23,976)	(23,065)
Effect of changes in the foreign exchange rate	0	0
Ending balance	890,019	905,739
Effect of changes in discount rate assumptions	(59,977)	176,686				(219,992)
Ending balance	949,996	1,082,425
Net liability for future policy benefits at original discount rates	485,372	503,988
Effect of changes in discount rate assumptions	43,177	114,985
Net liability for future policy benefits—long duration health	528,549	618,973
Other Adjustments	4,348	1,508
Net liability for future policy benefits, after other adjustments, at current discount rates	532,897	620,481			740,628
Other \| Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	470,741	559,972
Beginning balance	449,209	416,141
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(1,886)	1,652
Adjusted balance			447,323	417,793
Issuances	7,241	7,300
Interest accrual	5,670	5,172
Net premiums collected	(11,557)	(10,831)
Effect of changes in the foreign exchange rate	0	0
Ending balance	448,677	419,434
Effect of change from original to current discount rates	34,379	92,398
Ending balance	483,056	511,832
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	3,976,150	5,488,684
Beginning balance	3,403,704	3,267,306
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(2,896)	1,680
Adjusted balance			3,400,808	3,268,986
Issuances	7,241	7,300
Interest accrual	50,378	48,280
Benefit payments	(30,892)	(34,297)
Effect of changes in the foreign exchange rate	0	0
Ending balance	3,427,535	3,290,269
Effect of changes in discount rate assumptions	738,992	1,558,106
Ending balance	4,166,527	4,848,375
Net liability for future policy benefits at original discount rates	2,978,858	2,870,835
Effect of changes in discount rate assumptions	704,613	1,465,708
Net liability for future policy benefits—long duration health	3,683,471	4,336,543
Other Adjustments		(43,598)	(36,765)
Net liability for future policy benefits, after other adjustments, at current discount rates	3,646,706	4,292,945
United American \| Health
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	2,908,501	3,611,659
Beginning balance	2,941,261	2,949,851
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(34,132)	(49,560)
Adjusted balance			2,907,129	2,900,291
Issuances	75,839	90,034
Interest accrual	31,587	30,339
Net premiums collected	(65,914)	(62,895)
Effect of changes in the foreign exchange rate	0	0
Ending balance	2,948,641	2,957,769
Effect of change from original to current discount rates	(49,082)	(379,383)
Ending balance	2,997,723	3,337,152
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	3,046,829	3,810,559
Beginning balance	3,080,633	3,090,901
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(31,443)	(50,453)
Adjusted balance			3,049,190	3,040,448
Issuances	75,683	89,904
Interest accrual	33,480	32,308
Benefit payments	(78,563)	(67,243)
Effect of changes in the foreign exchange rate	0	0
Ending balance	3,079,790	3,095,417
Effect of changes in discount rate assumptions	(52,672)	413,068				(75,652)
Ending balance	3,132,462	3,508,485
Net liability for future policy benefits at original discount rates	131,149	137,648
Effect of changes in discount rate assumptions	3,590	33,685
Net liability for future policy benefits—long duration health	134,739	171,333
Other Adjustments	1,771	(1,812)
Net liability for future policy benefits, after other adjustments, at current discount rates	136,510	169,521			213,663
Family Heritage \| Health
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	1,594,992	1,944,714
Beginning balance	1,729,219	1,688,590
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(18,758)	(15,162)
Adjusted balance			1,710,461	1,673,428
Issuances	67,787	53,518
Interest accrual	16,199	14,940
Net premiums collected	(43,979)	(42,751)
Effect of changes in the foreign exchange rate	0	0
Ending balance	1,750,468	1,699,135
Effect of change from original to current discount rates	86,054	(91,102)
Ending balance	1,664,414	1,790,237
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	3,005,664	3,840,322
Beginning balance	3,336,344	3,193,342
Effect of changes in assumptions of future cash flows			0	0
Effect of actual variances from expected experience			(19,779)	(15,668)
Adjusted balance			$ 3,316,565	$ 3,177,674
Issuances	67,787	53,518
Interest accrual	32,289	29,583
Benefit payments	(29,261)	(28,494)
Effect of changes in the foreign exchange rate	0	0
Ending balance	3,387,380	3,232,281
Effect of changes in discount rate assumptions	212,708	244,358				$ (497,250)
Ending balance	3,174,672	3,476,639
Net liability for future policy benefits at original discount rates	1,636,912	1,533,146
Effect of changes in discount rate assumptions	(126,654)	153,256
Net liability for future policy benefits—long duration health	1,510,258	1,686,402
Other Adjustments	(9,362)	(10,847)
Net liability for future policy benefits, after other adjustments, at current discount rates	$ 1,500,896	$ 1,675,555			$ 1,880,378

Policy Liabilities - Additional

Policy Liabilities - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Life
Liability for Future Policy Benefit, Activity [Line Items]
Effect of actual variances from expected experience			$ (90,423)	$ (26,976)
PV of expected future net premiums	$ 12,189,326	$ 13,094,222	11,748,528	14,082,538
PV of expected future gross premiums	28,100,000	30,500,000
Health
Liability for Future Policy Benefit, Activity [Line Items]
Policyholder benefits net of remeasurement gain (loss)	659	(3,800)
Effect of actual variances from expected experience			(71,097)	(86,581)
PV of expected future net premiums	5,374,493	5,908,639	$ 5,207,422	$ 6,418,018
PV of expected future gross premiums	10,600,000	11,400,000
Mortality \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Effect of actual variances from expected experience	2,700	(5,800)
Morbidity \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Effect of actual variances from expected experience	$ (2,000)	$ 2,000

Policy Liabilities - Liabilit_2

Policy Liabilities - Liability For Future Policy Benefits To Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Jan. 01, 2021
At Original Discount Rates
Deferred profit liability	$ 177,248		$ 184,451
Deferred annuity	907,797		1,027,087
Interest sensitive life	737,900		744,244
Other	9,540		8,118
Total future policy benefits	16,442,516	$ 16,306,870	15,797,099
At Current Discount Rates
Net liability for future policy benefits, after other adjustments, at current discount rates	18,896,574	$ 18,040,042
Deferred profit liability	177,248		184,451
Deferred annuity	907,797		1,027,087
Interest sensitive life	737,900		744,244
Other	9,540		8,118
Total future policy benefits	18,896,574		21,745,905
Life
At Original Discount Rates
Net liability for future policy benefits—long duration life	12,251,555		11,558,107
At Current Discount Rates
Net liability for future policy benefits, after other adjustments, at current discount rates	14,766,577		17,171,757	$ 19,987,227
Health
At Original Discount Rates
Net liability for future policy benefits—long duration life	2,358,476		2,275,092
At Current Discount Rates
Net liability for future policy benefits, after other adjustments, at current discount rates	2,297,512		2,610,248	2,998,631
American Income \| Life
At Original Discount Rates
Net liability for future policy benefits—long duration life	4,247,758		3,916,187
At Current Discount Rates
Net liability for future policy benefits, after other adjustments, at current discount rates	5,169,780		6,005,498	6,875,917
American Income \| Health
At Original Discount Rates
Net liability for future policy benefits—long duration life	111,096		108,693
At Current Discount Rates
Net liability for future policy benefits, after other adjustments, at current discount rates	126,200		143,579	162,364
Direct to Consumer \| Life
At Original Discount Rates
Net liability for future policy benefits—long duration life	2,844,707		2,642,729
At Current Discount Rates
Net liability for future policy benefits, after other adjustments, at current discount rates	3,518,676		4,042,514	4,704,555
Direct to Consumer \| Health
At Original Discount Rates
Net liability for future policy benefits—long duration life	961		1,004
At Current Discount Rates
Net liability for future policy benefits, after other adjustments, at current discount rates	1,009		1,112	1,598
Liberty National \| Life
At Original Discount Rates
Net liability for future policy benefits—long duration life	2,206,288		2,153,030
At Current Discount Rates
Net liability for future policy benefits, after other adjustments, at current discount rates	2,431,415		2,830,800	3,372,114
Liberty National \| Health
At Original Discount Rates
Net liability for future policy benefits—long duration life	488,546		505,319
At Current Discount Rates
Net liability for future policy benefits, after other adjustments, at current discount rates	532,897		620,481	740,628
Other \| Life
At Original Discount Rates
Net liability for future policy benefits—long duration life	2,952,802		2,846,161
At Current Discount Rates
Net liability for future policy benefits, after other adjustments, at current discount rates	3,646,706		4,292,945
United American \| Health
At Original Discount Rates
Net liability for future policy benefits—long duration life	130,992		135,891
At Current Discount Rates
Net liability for future policy benefits, after other adjustments, at current discount rates	136,510		169,521	213,663
Family Heritage \| Health
At Original Discount Rates
Net liability for future policy benefits—long duration life	1,626,881		1,524,185
At Current Discount Rates
Net liability for future policy benefits, after other adjustments, at current discount rates	$ 1,500,896		$ 1,675,555	$ 1,880,378

Policy Liabilities - Weighted A

Policy Liabilities - Weighted Average Interest Rate of Liability For Future Policy Benefits (Details)	Mar. 31, 2023	Mar. 31, 2022
American Income \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average interest rate	5.80%	5.80%
Weighted average discount rate	4.90%	4%
American Income \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average interest rate	5.90%	5.90%
Weighted average discount rate	4.80%	3.80%
DTC \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average interest rate	6%	6%
Weighted average discount rate	5%	4%
DTC \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average interest rate	5.20%	5.20%
Weighted average discount rate	4.80%	3.80%
Liberty National \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average interest rate	5.60%	5.60%
Weighted average discount rate	5%	3.90%
Liberty National \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average interest rate	5.80%	5.80%
Weighted average discount rate	4.90%	3.60%
Other \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average interest rate	6.20%	6.20%
Weighted average discount rate	5%	3.90%
United American \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average interest rate	5.20%	5.20%
Weighted average discount rate	4.80%	3.80%
Family Heritage \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Weighted average interest rate	4.30%	4.40%
Weighted average discount rate	4.90%	3.90%

Policy Liabilities - Weighted_2

Policy Liabilities - Weighted Average Duration of Liability For Future Policy Benefits (Details)	Mar. 31, 2023	Mar. 31, 2022
American Income \| Life
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	22 years 10 months 24 days	22 years 9 months 18 days
At current discount rates	23 years 3 months 29 days	23 years 9 months 10 days
American Income \| Health
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	12 years 1 month 24 days	12 years 5 months 12 days
At current discount rates	12 years 8 months 26 days	13 years 11 months 12 days
DTC \| Life
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	20 years 2 months 26 days	20 years 9 months 21 days
At current discount rates	21 years 9 months 25 days	22 years 11 months 4 days
DTC \| Health
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	11 years 4 months 24 days	11 years 8 months 4 days
At current discount rates	10 years 9 months 18 days	11 years 9 months 29 days
Liberty National \| Life
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	14 years 11 months 8 days	15 years 29 days
At current discount rates	15 years 7 months 17 days	16 years 10 months 6 days
Liberty National \| Health
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	9 years 3 months 21 days	9 years 3 days
At current discount rates	9 years 7 months 28 days	10 years 1 month 9 days
Other \| Life
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	16 years 6 months 7 days	16 years 9 months 3 days
At current discount rates	18 years 2 months 23 days	19 years 7 months 2 days
United American \| Health
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	11 years 4 months 24 days	11 years 8 months 4 days
At current discount rates	10 years 9 months 18 days	11 years 9 months 29 days
Family Heritage \| Health
Liability for Future Policy Benefit, Activity [Line Items]
At original discount rates	14 years 10 months 28 days	15 years 3 months 10 days
At current discount rates	14 years 5 months 4 days	15 years 9 months 18 days

Policy Liabilities - Liabilit_3

Policy Liabilities - Liability For Future Policy Benefits To Consolidated Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	$ 767,759	$ 744,134
Interest expense	177,189	168,536
Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	272,306	260,775
Interest expense	26,351	25,286
American Income \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	387,145	369,737
Interest expense	61,431	57,262
American Income \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	28,096	27,937
Interest expense	1,632	1,601
Direct to Consumer \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	244,707	242,662
Interest expense	41,714	39,292
Direct to Consumer \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	3,542	3,536
Interest expense	0	0
Liberty National \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	84,072	79,348
Interest expense	29,769	29,285
Liberty National \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	46,745	47,496
Interest expense	6,920	7,226
Other \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	51,835	52,387
Interest expense	44,275	42,697
United American \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	97,833	92,266
Interest expense	1,822	1,914
Family Heritage \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	96,090	89,540
Interest expense	$ 15,977	$ 14,545

Policy Liabilities - Undiscount

Policy Liabilities - Undiscounted And Discounted Expected Future Gross Premiums And Expected Future Benefits And Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Life
Liability for Future Policy Benefit, Activity [Line Items]
Not discounted	$ 21,259,261		$ 20,470,339
At original discount rates	11,564,309	$ 11,442,919	11,102,451	$ 10,896,222
At current discount rates	12,189,326	11,748,528	13,094,222	14,082,538
Not discounted	48,772,838		47,438,131
At original discount rates	26,738,983		25,914,319
At current discount rates	28,144,330		30,527,534
Not discounted	75,455,738		72,598,809
At original discount rates	23,849,467	23,564,337	22,696,519	22,374,930
At current discount rates	26,987,682	25,749,961	30,317,214	33,664,308
Health
Liability for Future Policy Benefit, Activity [Line Items]
Not discounted	8,710,288		8,661,494
At original discount rates	5,387,168	5,366,304	5,336,742	5,328,427
At current discount rates	5,374,493	5,207,422	5,908,639	6,418,018
Not discounted	17,390,362		16,782,047
At original discount rates	10,618,931		10,247,273
At current discount rates	10,652,514		11,415,764
Not discounted	13,594,299		13,399,750
At original discount rates	7,748,360	7,710,767	7,618,065	7,587,083
At current discount rates	7,670,753	7,394,349	8,526,214	9,353,001
American Income \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Not discounted	7,617,532		7,115,131
At original discount rates	4,325,957	4,246,723	4,043,480	3,906,098
At current discount rates	4,467,637	4,273,156	4,646,747	4,925,192
Not discounted	23,041,514		21,851,854
At original discount rates	13,054,486		12,374,587
At current discount rates	13,575,751		14,324,455
Not discounted	28,821,998		26,930,450
At original discount rates	8,573,734	8,409,761	7,959,694	7,744,201
At current discount rates	9,637,463	9,119,104	10,652,256	11,773,519
American Income \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Not discounted	351,655		323,828
At original discount rates	197,446	192,631	183,679	178,801
At current discount rates	200,666	190,296	208,064	222,553
Not discounted	1,760,671		1,723,857
At original discount rates	984,216		963,321
At current discount rates	1,037,339		1,130,227
Not discounted	626,151		599,187
At original discount rates	308,170	303,713	292,356	285,604
At current discount rates	326,533	312,750	351,631	380,915
Direct to Consumer \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Not discounted	10,832,386		10,630,110
At original discount rates	5,718,900	5,680,864	5,595,772	5,533,741
At current discount rates	6,110,550	5,910,224	6,710,655	7,264,905
Not discounted	17,479,516		17,414,120
At original discount rates	9,165,113		9,103,648
At current discount rates	9,773,835		10,912,941
Not discounted	25,582,750		24,876,834
At original discount rates	8,563,604	8,477,892	8,238,501	8,157,259
At current discount rates	9,624,680	9,225,451	10,750,349	11,859,408
Direct to Consumer \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Not discounted	131,187		148,614
At original discount rates	85,966	87,751	94,408	96,776
At current discount rates	90,243	90,143	109,734	121,724
Not discounted	171,266		204,317
At original discount rates	112,442		130,162
At current discount rates	118,105		151,140
Not discounted	124,597		143,711
At original discount rates	83,001	85,212	92,272	95,628
At current discount rates	87,090	87,532	107,034	119,888
Liberty National \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Not discounted	1,889,419		1,855,371
At original discount rates	1,070,775	1,066,123	1,043,765	1,040,242
At current discount rates	1,128,083	1,094,407	1,224,988	1,332,469
Not discounted	4,453,139		4,265,146
At original discount rates	2,599,082		2,485,460
At current discount rates	2,667,795		2,848,626
Not discounted	8,658,766		8,514,395
At original discount rates	3,284,594	3,272,980	3,208,055	3,206,164
At current discount rates	3,559,012	3,429,256	4,066,234	4,542,697
Liberty National \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Not discounted	634,061		641,225
At original discount rates	404,647	415,442	401,751	414,409
At current discount rates	421,447	423,490	463,452	517,368
Not discounted	2,232,290		2,174,779
At original discount rates	1,396,334		1,356,873
At current discount rates	1,468,763		1,577,158
Not discounted	1,575,745		1,594,836
At original discount rates	890,019	904,865	905,739	921,608
At current discount rates	949,996	941,574	1,082,425	1,201,317
Other \| Life
Liability for Future Policy Benefit, Activity [Line Items]
Not discounted	919,924		869,727
At original discount rates	448,677	449,209	419,434	416,141
At current discount rates	483,056	470,741	511,832	559,972
Not discounted	3,798,669		3,907,011
At original discount rates	1,920,302		1,950,624
At current discount rates	2,126,949		2,441,512
Not discounted	12,392,224		12,277,130
At original discount rates	3,427,535	3,403,704	3,290,269	3,267,306
At current discount rates	4,166,527	3,976,150	4,848,375	5,488,684
United American \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Not discounted	4,685,306		4,763,592
At original discount rates	2,948,641	2,941,261	2,957,769	2,949,851
At current discount rates	2,997,723	2,908,501	3,337,152	3,611,659
Not discounted	6,783,819		6,781,444
At original discount rates	4,279,547		4,226,705
At current discount rates	4,346,007		4,765,664
Not discounted	4,909,212		5,057,861
At original discount rates	3,079,790	3,080,633	3,095,417	3,090,901
At current discount rates	3,132,462	3,046,829	3,508,485	3,810,559
Family Heritage \| Health
Liability for Future Policy Benefit, Activity [Line Items]
Not discounted	2,908,079		2,784,235
At original discount rates	1,750,468	1,729,219	1,699,135	1,688,590
At current discount rates	1,664,414	1,594,992	1,790,237	1,944,714
Not discounted	6,442,316		5,897,650
At original discount rates	3,846,392		3,570,212
At current discount rates	3,682,300		3,791,575
Not discounted	6,358,594		6,004,155
At original discount rates	3,387,380	3,336,344	3,232,281	3,193,342
At current discount rates	$ 3,174,672	$ 3,005,664	$ 3,476,639	$ 3,840,322

Policy Liabilities - Summary Of

Policy Liabilities - Summary Of Policyholder Account Balance (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest Sensitive Life
Policyholder Account Balance [Roll Forward]
Beginning Balance	$ 739,105,000	$ 745,335,000
Issuances	0	0
Premiums received	6,030,000	6,297,000
Policy charges	(3,319,000)	(3,474,000)
Surrenders and withdrawals	(5,384,000)	(5,280,000)
Benefit payments	(7,844,000)	(8,999,000)
Interest credited	7,135,000	7,170,000
Other	2,177,000	3,195,000
Ending Balance	$ 737,900,000	$ 744,244,000
Weighted-average credit rate	3.92%	3.91%
Net amount at risk	$ 1,847,128,000	$ 1,952,631,000
Cash surrender value	676,247,000	693,201,000
Deferred Annuity
Policyholder Account Balance [Roll Forward]
Beginning Balance	954,318,000	1,033,525,000
Issuances	202,000	340,000
Premiums received	4,776,000	8,216,000
Policy charges	0	0
Surrenders and withdrawals	(43,533,000)	(11,873,000)
Benefit payments	(15,784,000)	(12,073,000)
Interest credited	7,560,000	8,290,000
Other	258,000	662,000
Ending Balance	$ 907,797,000	$ 1,027,087,000
Weighted-average credit rate	3.29%	3.26%
Cash surrender value	$ 907,797,000	$ 1,027,064,000
Other Policyholders' Funds
Policyholder Account Balance [Roll Forward]
Beginning Balance	123,234,000	99,468,000
Issuances	0	0
Premiums received	21,662,000	2,044,000
Policy charges	0	0
Surrenders and withdrawals	(3,303,000)	(2,805,000)
Benefit payments	0	0
Interest credited	1,238,000	1,125,000
Other	(145,000)	292,000
Ending Balance	$ 142,686,000	$ 100,124,000
Weighted-average credit rate	3.78%	4.58%
Cash surrender value	$ 142,686,000	$ 100,124,000

Policy Liabilities - Policyhold

Policy Liabilities - Policyholder Account Balance, Guaranteed Minimum Crediting Rate (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Interest Sensitive Life
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	$ 737,900,000	$ 739,105,000	$ 744,244,000	$ 745,335,000
Interest Sensitive Life \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	$ 737,900,000		744,244,000
Interest Sensitive Life \| Less than 3.00% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	3%	3%
Range of guaranteed minimum crediting rates	$ 0		0
Interest Sensitive Life \| 3.00%-3.99% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	$ 28,956,000		28,684,000
Interest Sensitive Life \| 3.00%-3.99% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate \| Minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	3%	3%
Interest Sensitive Life \| 3.00%-3.99% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate \| Maximum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	3.99%	3.99%
Interest Sensitive Life \| 4.00%-4.99% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	$ 619,411,000		626,179,000
Interest Sensitive Life \| 4.00%-4.99% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate \| Minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	4%	4%
Interest Sensitive Life \| 4.00%-4.99% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate \| Maximum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	4.99%	4.99%
Interest Sensitive Life \| Greater than 5.00% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates (percent)	5%	5%
Range of guaranteed minimum crediting rates	$ 89,533,000		89,381,000
Deferred Annuity
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	907,797,000	$ 954,318,000	1,027,087,000	1,033,525,000
Deferred Annuity \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	907,797,000		1,027,087,000
Deferred Annuity \| Less than 3.00% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	1,971,000		2,254,000
Deferred Annuity \| 3.00%-3.99% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	698,952,000		811,865,000
Deferred Annuity \| 4.00%-4.99% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	206,874,000		212,968,000
Deferred Annuity \| Greater than 5.00% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	0		0
Other
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	142,686,000	$ 123,234,000	100,124,000	$ 99,468,000
Other \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	142,686,000		100,124,000
Other \| Less than 3.00% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	43,191,000		0
Other \| 3.00%-3.99% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	4,097,000		2,911,000
Other \| 4.00%-4.99% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	57,596,000		58,990,000
Other \| Greater than 5.00% \| Policyholder Account Balance, at Guaranteed Minimum Crediting Rate
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Range of guaranteed minimum crediting rates	$ 37,802,000		$ 38,223,000

Deferred Acquisition Costs - An

Deferred Acquisition Costs - Analysis of Deferred Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	$ 5,535,697
Amortization expense	(92,322)	$ (84,496)
Ending Balance	5,654,438	5,191,683
Life
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	4,844,291	4,412,015
Capitalizations	190,347	186,596
Amortization expense	(79,589)	(71,929)
Foreign exchange adjustment	(2,787)	1,738
Experience adjustment	0	0
Ending Balance	4,952,262	4,528,420
Health
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	686,763	649,082
Capitalizations	23,629	20,219
Amortization expense	(12,308)	(12,114)
Foreign exchange adjustment	(126)	88
Experience adjustment	0	0
Ending Balance	697,958	657,275
United American \| Health
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	77,394	81,140
Capitalizations	507	580
Amortization expense	(1,513)	(1,516)
Foreign exchange adjustment	0	0
Experience adjustment	0	0
Ending Balance	76,388	80,204
American Income \| Life
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	2,258,291	1,960,254
Capitalizations	115,395	114,428
Amortization expense	(38,299)	(33,513)
Foreign exchange adjustment	(2,787)	1,738
Experience adjustment	0	0
Ending Balance	2,332,600	2,042,907
American Income \| Health
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	57,811	49,406
Capitalizations	3,143	3,155
Amortization expense	(938)	(829)
Foreign exchange adjustment	(126)	88
Experience adjustment	0	0
Ending Balance	59,890	51,820
DTC \| Life
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	1,676,931	1,583,695
Capitalizations	47,410	48,216
Amortization expense	(24,753)	(23,172)
Foreign exchange adjustment	0	0
Experience adjustment	0	0
Ending Balance	1,699,588	1,608,739
DTC \| Health
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	1,854	2,032
Capitalizations	0	0
Amortization expense	(47)	(44)
Foreign exchange adjustment	0	0
Experience adjustment	0	0
Ending Balance	1,807	1,988
Family Heritage \| Health
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	416,608	388,967
Capitalizations	15,097	12,363
Amortization expense	(6,560)	(6,405)
Foreign exchange adjustment	0	0
Experience adjustment	0	0
Ending Balance	425,145	394,925
Liberty National \| Life
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	610,723	566,419
Capitalizations	24,221	20,465
Amortization expense	(12,412)	(11,046)
Foreign exchange adjustment	0	0
Experience adjustment	0	0
Ending Balance	622,532	575,838
Liberty National \| Health
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	133,096	127,537
Capitalizations	4,882	4,121
Amortization expense	(3,250)	(3,320)
Foreign exchange adjustment	0	0
Experience adjustment	0	0
Ending Balance	134,728	128,338
Other \| Life
Movement Analysis of Deferred Policy Acquisition Costs
Beginning Balance	298,346	301,647
Capitalizations	3,321	3,487
Amortization expense	(4,125)	(4,198)
Foreign exchange adjustment	0	0
Experience adjustment	0	0
Ending Balance	$ 297,542	$ 300,936

Deferred Acquisition Costs - De

Deferred Acquisition Costs - Deferred Policy Acquisition Costs to Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	$ 5,654,438	$ 5,535,697	$ 5,191,683		$ 4,587,547	$ 4,595,444
Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	4,952,262	4,844,291	4,528,420	$ 4,412,015	3,983,021	3,982,159
Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	697,958	686,763	657,275	649,082	596,217	610,069
Annuity
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	4,218		5,988		8,309	3,216
United American \| Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	76,388	77,394	80,204	81,140	65,020	74,353
Family Heritage \| Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	425,145	416,608	394,925	388,967	364,751	364,751
American Income \| Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	2,332,600	2,258,291	2,042,907	1,960,254	1,647,761	1,647,761
American Income \| Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	59,890	57,811	51,820	49,406	39,477	39,477
DTC \| Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	1,699,588	1,676,931	1,608,739	1,583,695	1,498,970	1,498,435
DTC \| Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	1,807	1,854	1,988	2,032	2,215	6,600
Liberty National \| Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	622,532	610,723	575,838	566,419	531,504	531,504
Liberty National \| Health
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	134,728	133,096	128,338	127,537	124,754	124,888
Other \| Life
Deferred Policy Acquisition Cost [Line Items]
Deferred acquisition costs	$ 297,542	$ 298,346	$ 300,936	$ 301,647	$ 304,786	$ 304,459

Liability for Unpaid Claims - S

Liability for Unpaid Claims - Summary of Liability for Unpaid Health Claims (Details) - Health claims - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Activity in the Liability for Unpaid Health Claims
Beginning balance	$ 182,202	$ 171,109
Incurred related to:
Current year	173,865	676,190
Prior years	(1,923)	(15,631)
Total incurred	171,942	660,559
Paid related to:
Current year	72,870	517,856
Prior year	99,876	131,610
Total paid	172,746	649,466
Ending balance	$ 181,398	$ 182,202

Liability for Unpaid Claims - R

Liability for Unpaid Claims - Reconciliation of Net Incurred and Paid Claims Development to Liability (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Policy claims and other benefits payable:
Policy claims and other benefits payable	$ 489,296	$ 507,219	$ 473,524	$ 399,507
Life insurance
Policy claims and other benefits payable:
Policy claims and other benefits payable	307,898	325,017
Health insurance
Policy claims and other benefits payable:
Policy claims and other benefits payable	$ 181,398	$ 182,202

Postretirement Benefits - Pensi

Postretirement Benefits - Pension Assets by Components at Fair Value (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 523,099	$ 499,775
Percentage of plan assets	100%	100%
Investment funds, percentage ownership by pension plan		1%	1%
Expected life of investment	2 years	3 years
Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 509,332	$ 485,487
Percentage of plan assets	97%	97%
Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 311,873	$ 269,311
Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	197,459	216,176
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 13,767	$ 14,288
Percentage of plan assets	3%	3%
Total corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 77,317	$ 128,647
Percentage of total plan assets, within plan asset category	15%	26%
Total corporate bonds \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Total corporate bonds \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	77,317	128,647
Total corporate bonds \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Financial
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 22,482	$ 35,649
Percentage of total plan assets, within plan asset category	4%	7%
Financial \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Financial \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	22,482	35,649
Financial \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Utilities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 20,838	$ 23,436
Percentage of total plan assets, within plan asset category	4%	5%
Utilities \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Utilities \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	20,838	23,436
Utilities \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Energy
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 7,564	$ 12,776
Percentage of total plan assets, within plan asset category	2%	3%
Energy \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Energy \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	7,564	12,776
Energy \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Other corporates
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 26,433	$ 56,786
Percentage of total plan assets, within plan asset category	5%	11%
Other corporates \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Other corporates \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	26,433	56,786
Other corporates \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Exchange traded funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 276,478	$ 258,297
Percentage of total plan assets, within plan asset category	53%	52%
Exchange traded funds \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 276,478	$ 258,297
Exchange traded funds \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Exchange traded funds \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
U.S. Government and Agency
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 76,643	$ 44,213
Percentage of total plan assets, within plan asset category	15%	9%
U.S. Government and Agency \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
U.S. Government and Agency \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	76,643	44,213
U.S. Government and Agency \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Other bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 202	$ 200
Percentage of total plan assets, within plan asset category	0%	0%
Other bonds \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Other bonds \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	202	200
Other bonds \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Guaranteed annuity contract
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 43,297	$ 43,116
Percentage of total plan assets, within plan asset category	8%	8%
Guaranteed annuity contract \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Guaranteed annuity contract \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	43,297	43,116
Guaranteed annuity contract \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Short-term investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 23,016	$ 4,467
Percentage of total plan assets, within plan asset category	4%	1%
Short-term investments \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 23,016	$ 4,467
Short-term investments \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Short-term investments \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 12,379	$ 6,547
Percentage of total plan assets, within plan asset category	2%	1%
Other \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 12,379	$ 6,547
Other \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Other \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0

Postretirement Benefits - Activ

Postretirement Benefits - Activity for the SERP (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Retirement Benefits [Abstract]
Premiums paid for insurance coverage	$ 443	$ 443
Total investments:
Company owned life insurance	54,788		$ 54,681
Exchange traded funds	74,632		71,258
Total investments of SERP	$ 129,420		$ 125,939

Postretirement Benefits - Pen_2

Postretirement Benefits - Pension Liability (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Pension benefit obligation	$ 588,269	$ 562,567
Qualified Plan \| Pension plans \| Funded defined benefit pension
Defined Benefit Plan Disclosure [Line Items]
Pension benefit obligation	517,770	492,103
Nonqualified Plan \| SERP
Defined Benefit Plan Disclosure [Line Items]
Pension benefit obligation	$ 70,499	$ 70,464

Postretirement Benefits - Compo

Postretirement Benefits - Components of Net Periodic Pension Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Retirement Benefits [Abstract]
Service cost	$ 5,392	$ 8,655
Interest cost	7,834	6,123
Expected return on assets	(9,656)	(8,885)
Prior service cost	269	158
Actuarial (gain) loss	(52)	3,209
Net periodic benefit cost	$ 3,787	$ 9,260

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended
Earnings Per Share (Details) - shares	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Basic weighted average shares outstanding (in shares)	96,388,211	99,273,616
Weighted average dilutive options outstanding (in shares)	1,522,889	976,758
Diluted weighted average shares outstanding (in shares)	97,911,100	100,250,374
Antidilutive shares (in shares)	209,870	563,991

Debt - Selected Information abo

Debt - Selected Information about Debt Issues (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, par value, gross	$ 1,815,612,000
Current maturity of long-term debt, par value	165,612,000
Total long-term debt	1,650,000,000
Total short-term debt, par value	515,612,000
Total debt, par value	2,165,612,000
Unamortized discount & issuance costs, noncurrent	(21,684,000)
Unamortized discount & issuance costs, current maturities	(38,000)
Unamortized discount & issuance costs, long-term debt	(21,646,000)
Unamortized discount & issuance costs, current	(1,365,000)
Total debt, unamortized discount & issuance costs,	(23,011,000)
Long-term debt, net, book value	1,793,928,000	$ 1,793,452,000
Current maturity of long-term debt, book value	165,574,000	165,500,000
Long-term debt	1,628,354,000	1,627,952,000
Total short-term debt, book value	514,247,000	449,103,000
Total debt, book value	2,142,601,000	2,077,055,000
Long-term debt, gross, fair value	1,648,918,000
Current maturity of term loan, fair value	164,746,000
Long-term debt, net, fair value	1,484,172,000
Total short-term debt, fair value	513,419,000
Total debt, fair value	1,997,591,000
FHLB borrowings
Debt Instrument [Line Items]
Total short-term debt, par value	45,000,000	0
Unamortized discount & issuance costs, current	0
Total short-term debt, book value	45,000,000	0
Total short-term debt, fair value	45,000,000
Commercial paper
Debt Instrument [Line Items]
Total short-term debt, par value	305,000,000
Unamortized discount & issuance costs, current	(1,327,000)
Total short-term debt, book value	303,673,000	283,603,000
Total short-term debt, fair value	$ 303,673,000
Senior Notes Due 2023
Debt Instrument [Line Items]
Coupon Rate	7.875%
Long-term debt, par value, gross	$ 165,612,000
Unamortized discount & issuance costs, noncurrent	(38,000)
Debt	165,574,000	165,500,000
Long-term debt, gross, fair value	$ 164,746,000
Senior Notes Due 2028
Debt Instrument [Line Items]
Coupon Rate	4.55%
Long-term debt, par value, gross	$ 550,000,000
Unamortized discount & issuance costs, noncurrent	(4,229,000)
Debt	545,771,000	545,601,000
Long-term debt, gross, fair value	$ 546,348,000
Senior Notes Due 2030
Debt Instrument [Line Items]
Coupon Rate	2.15%
Long-term debt, par value, gross	$ 400,000,000
Unamortized discount & issuance costs, noncurrent	(3,668,000)
Debt	396,332,000	396,219,000
Long-term debt, gross, fair value	$ 323,984,000
Senior Notes Due June 15 2032
Debt Instrument [Line Items]
Coupon Rate	4.80%
Long-term debt, par value, gross	$ 250,000,000
Unamortized discount & issuance costs, noncurrent	(4,412,000)
Debt	245,588,000	245,493,000
Long-term debt, gross, fair value	241,275,000
Senior Notes Due June 15 2032 \| Consolidation Eliminations \| Subsidiaries
Debt Instrument [Line Items]
Long-term debt, net, book value	$ 150,000,000
Junior Subordinated Debentures Due 2057
Debt Instrument [Line Items]
Coupon Rate	5.275%
Long-term debt, par value, gross	$ 125,000,000
Unamortized discount & issuance costs, noncurrent	(1,585,000)
Debt	123,415,000	123,410,000
Long-term debt, gross, fair value	$ 124,265,000
Junior Subordinated Debentures Due 2061
Debt Instrument [Line Items]
Coupon Rate	4.25%
Long-term debt, par value, gross	$ 325,000,000
Unamortized discount & issuance costs, noncurrent	(7,752,000)
Debt	317,248,000	$ 317,229,000
Long-term debt, gross, fair value	$ 248,300,000

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	3 Months Ended
Debt - Additional Information (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
FHLB stock	$ 16,000,000	$ 14,300,000
Long-term debt, net, book value	1,793,928,000	1,793,452,000
Total short-term debt, par value	515,612,000
Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Total short-term debt, par value	45,000,000	0
Estimate of Fair Value Measurement \| Asset Pledged as Collateral
Debt Instrument [Line Items]
Fair value of pledged assets	$ 850,000,000
Junior Subordinated Debentures Due 2056
Debt Instrument [Line Items]
Coupon Rate	4.25%
Senior notes
Debt Instrument [Line Items]
Optional redemption, period from issuance date	5 years
Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 633,000,000
Long-term debt, net, book value	$ 43,000,000	$ 23,000,000

Business Segments - Segment Pre

Business Segments - Segment Premium Income by Distribution Channel and Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) segment	Mar. 31, 2022 USD ($)
Segment Reporting [Abstract]
Number of segments \| segment	4
Segment Reporting Information [Line Items]
Revenue	$ 1,095,090	$ 1,064,812
% of Total	100%	100%
Life
Segment Reporting Information [Line Items]
Revenue	$ 772,597	$ 749,128
% of Total	100%	100%
Health
Segment Reporting Information [Line Items]
Revenue	$ 322,493	$ 315,684
% of Total	100%	100%
Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0%	0%
American Income
Segment Reporting Information [Line Items]
Revenue	$ 417,106	$ 398,872
% of Total	38%	37%
American Income \| Life
Segment Reporting Information [Line Items]
Revenue	$ 387,512	$ 370,106
% of Total	50%	49%
American Income \| Health
Segment Reporting Information [Line Items]
Revenue	$ 29,594	$ 28,766
% of Total	9%	9%
American Income \| Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0%	0%
Direct to Consumer
Segment Reporting Information [Line Items]
Revenue	$ 264,915	$ 263,660
% of Total	24%	25%
Direct to Consumer \| Life
Segment Reporting Information [Line Items]
Revenue	$ 247,667	$ 245,732
% of Total	32%	33%
Direct to Consumer \| Health
Segment Reporting Information [Line Items]
Revenue	$ 17,248	$ 17,928
% of Total	5%	6%
Direct to Consumer \| Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0%	0%
Liberty National
Segment Reporting Information [Line Items]
Revenue	$ 132,175	$ 128,320
% of Total	12%	12%
Liberty National \| Life
Segment Reporting Information [Line Items]
Revenue	$ 85,203	$ 80,560
% of Total	11%	11%
Liberty National \| Health
Segment Reporting Information [Line Items]
Revenue	$ 46,972	$ 47,760
% of Total	15%	15%
Liberty National \| Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0%	0%
United American
Segment Reporting Information [Line Items]
Revenue	$ 134,489	$ 133,764
% of Total	12%	13%
United American \| Life
Segment Reporting Information [Line Items]
Revenue	$ 1,882	$ 2,074
% of Total	0%	0%
United American \| Health
Segment Reporting Information [Line Items]
Revenue	$ 132,607	$ 131,690
% of Total	41%	42%
United American \| Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0%	0%
Family Heritage
Segment Reporting Information [Line Items]
Revenue	$ 97,552	$ 90,899
% of Total	9%	8%
Family Heritage \| Life
Segment Reporting Information [Line Items]
Revenue	$ 1,480	$ 1,359
% of Total	0%	0%
Family Heritage \| Health
Segment Reporting Information [Line Items]
Revenue	$ 96,072	$ 89,540
% of Total	30%	28%
Family Heritage \| Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0%	0%
Other
Segment Reporting Information [Line Items]
Revenue	$ 48,853	$ 49,297
% of Total	5%	5%
Other \| Life
Segment Reporting Information [Line Items]
Revenue	$ 48,853	$ 49,297
% of Total	7%	7%
Other \| Health
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0%	0%
Other \| Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0%	0%

Business Segments - Reconciliat

Business Segments - Reconciliation of Segment Operating Information to Consolidated Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue:
Premium	$ 1,095,090	$ 1,064,812
Net investment income	257,105	244,894
Other income	50	164
Total revenue	1,352,245	1,309,870
Expenses:
Policy obligations	707,927	694,149
Required interest on reserves	0	0
Amortization of acquisition costs	92,322	84,496
Commissions, premium taxes, and non-deferred acquisition costs	137,797	125,509
Insurance administrative expense	73,907	72,677
Parent expense	2,585	2,640
Stock-based compensation expense	7,679	9,035
Interest expense	24,867	19,944
Total benefits and expenses	1,047,084	1,008,450
Subtotal	305,161	301,420
Non-operating items	0	112
Measure of segment profitability (pretax)	305,161	301,532
Realized gain (loss)—investments	(30,927)	(7,244)
Non-operating expenses		(112)
Income before income taxes	274,234	294,176
Life
Revenue:
Premium	772,597	749,128
Expenses:
Amortization of acquisition costs	79,589	71,929
Health
Revenue:
Premium	322,493	315,684
Expenses:
Amortization of acquisition costs	12,308	12,114
Annuity
Revenue:
Premium	0	0
Operating Segments
Expenses:
Non-operating items	0	0
Operating Segments \| Life
Revenue:
Premium	772,597	749,128
Net investment income	0	0
Other income	0	0
Total revenue	772,597	749,128
Expenses:
Policy obligations	507,977	495,429
Required interest on reserves	(189,821)	(181,372)
Amortization of acquisition costs	79,589	71,929
Commissions, premium taxes, and non-deferred acquisition costs	83,578	73,548
Insurance administrative expense	0	0
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	481,323	459,534
Subtotal	291,274	289,594
Measure of segment profitability (pretax)	291,274	289,594
Operating Segments \| Health
Revenue:
Premium	322,493	315,684
Net investment income	0	0
Other income	0	0
Total revenue	322,493	315,684
Expenses:
Policy obligations	190,962	189,018
Required interest on reserves	(26,323)	(25,270)
Amortization of acquisition costs	12,308	12,114
Commissions, premium taxes, and non-deferred acquisition costs	54,214	51,952
Insurance administrative expense	0	0
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	231,161	227,814
Subtotal	91,332	87,870
Measure of segment profitability (pretax)	91,332	87,870
Operating Segments \| Annuity
Revenue:
Premium	0	0
Net investment income	0	0
Other income	0	0
Total revenue	0	0
Expenses:
Policy obligations	7,541	8,642
Required interest on reserves	(10,259)	(11,367)
Amortization of acquisition costs	425	453
Commissions, premium taxes, and non-deferred acquisition costs	5	9
Insurance administrative expense	0	0
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	(2,288)	(2,263)
Subtotal	2,288	2,263
Measure of segment profitability (pretax)	2,288	2,263
Operating Segments \| Investment
Revenue:
Premium	0	0
Net investment income	257,105	244,894
Other income	0	0
Total revenue	257,105	244,894
Expenses:
Policy obligations	1,447	1,060
Required interest on reserves	226,403	218,009
Amortization of acquisition costs	0	0
Commissions, premium taxes, and non-deferred acquisition costs	0	0
Insurance administrative expense	0	0
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	227,850	219,069
Subtotal	29,255	25,825
Measure of segment profitability (pretax)	29,255	25,825
Corporate & Other
Revenue:
Premium	0	0
Net investment income	0	0
Other income	50	164
Total revenue	50	164
Expenses:
Policy obligations	0	0
Required interest on reserves	0	0
Amortization of acquisition costs	0	0
Commissions, premium taxes, and non-deferred acquisition costs	0	0
Insurance administrative expense	73,907	72,565
Parent expense	2,585	2,640
Stock-based compensation expense	7,679	9,035
Interest expense	24,867	19,944
Total benefits and expenses	109,038	104,184
Subtotal	(108,988)	(104,020)
Non-operating items	0	0
Measure of segment profitability (pretax)	(108,988)	(104,020)
Adjustments
Revenue:
Premium	0	0
Net investment income	0	0
Other income	0	0
Total revenue	0	0
Expenses:
Policy obligations	0	0
Required interest on reserves	0	0
Amortization of acquisition costs	0	0
Commissions, premium taxes, and non-deferred acquisition costs	0	0
Insurance administrative expense		112
Parent expense	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	0	112
Subtotal	0	(112)
Non-operating items		112
Measure of segment profitability (pretax)	$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands	May 09, 2023	Mar. 31, 2023	Dec. 31, 2022
First Republic Bank
Subsequent Event [Line Items]
Deposits		$ 38,600
Senior Notes Due 2023
Subsequent Event [Line Items]
Debt		$ 165,574	$ 165,500
Interest rate		7.875%
Subsequent Event \| First Republic Bank
Subsequent Event [Line Items]
Deposits	$ 400
Subsequent Event \| Senior Notes Due 2023
Subsequent Event [Line Items]
Debt	$ 170,000
Long-term debt, term	18 months
Interest rate	7.875%