Business Description

Globe Life and the Company refer to Globe Life Inc., an insurance holding company incorporated in Delaware in 1979, and its subsidiaries and affiliates. Its 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. Globe Life's website is: www.globelifeinsurance.com. Globe Life makes available free of charge through its website, its annual report on Form 10-K, its quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports as soon as reasonably practicable after they have been electronically filed with or furnished to the Securities and Exchange Commission. Other information included in Globe Life's website is not incorporated into this filing. 1 GL 2025 FORM 10-K Table of Contents The following table presents Globe Life's business by primary marketing distribution channel. Additional information concerning industry segments may be found in Management’s Discussion and Analysis and in Note 15—Business Segments within the Notes to the Consolidated Financial Statements . Primary Distribution Method Underwriting Company Products and Target Markets Distribution Direct to Consumer Division Globe Life And Accident Insurance Company McKinney, Texas Individual life and supplemental health limited-benefit insurance including juvenile and senior life coverage and Medicare Supplement to lower middle-income to middle-income Americans. Nationwide distribution through direct to consumer channels: including direct mail, electronic media, and insert media. American Income Life Division American Income Life Insurance Company Waco, Texas Individual life and supplemental health limited-benefit insurance marketed to working families. 11,920 average producing agents in the U.S., Canada, and New Zealand. Liberty National Division Liberty National Life Insurance Company McKinney, Texas Life and supplemental health limited-benefit insurance distributed through in-home and worksite channels. 3,846 average producing agents in the U.S. Family Heritage Division Family Heritage Life Insurance Company of America Cleveland, Ohio Supplemental limited-benefit health insurance to lower middle-income to middle-income families. 1,527 average producing agents in the U.S. United American Division United American Insurance Company McKinney, Texas Supplemental health Medicare coverage to beneficiaries and, to a lesser extent, supplemental limited-benefit coverage to people under age 65. 4,396 independent producing agents in the U.S. Agents of American Income Life, Liberty National and Family Heritage are independent contractors that exclusively sell for Globe Life. 2 GL 2025 FORM 10-K Table of Contents Insurance Life Insurance —The distribution channels for life insurance products include direct to consumer, exclusive independent agents, and general agency independent agents. These methods are described in greater detail within the primary marketing distribution channel chart as shown above. The following table presents annualized premium in force for the three years ended December 31, 2025 by distribution method: Annualized Premium in Force (1) (Dollar amounts in thousands) 2025 2024 2023 Direct to Consumer $ 924,242 $ 922,508 $ 933,057 Exclusive agents: American Income 1,869,082 1,761,713 1,654,197 Liberty National 428,124 410,912 390,693 Independent agents: United American 6,010 6,499 6,958 Other 193,685 197,629 200,840 $ 3,421,143 $ 3,299,261 $ 3,185,745 (1) See definition of annualized premium in force under Results of Operations in Management's Discussion & Analysis . Globe Life's insurance subsidiaries write a variety of nonparticipating ordinary life insurance products. These include traditional whole life, term life, and other life insurance. The Company does not currently sell interest-sensitive whole life products. The following tables present selected information about Globe Life's life insurance products.…