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Globe Life Executive Compensation (FY25)

GL · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 4, 2026
346 figures on this page: 337 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Frank Svoboda, Co-Chairman and Chief Executive Officer, received $9,453,935 in total compensation for fiscal 2025, and Svoboda's total was 8.3% higher than the $8,727,298 reported for fiscal 2024. Meanwhile, the company reported a chief executive pay ratio of 152:1 for fiscal 2025, against median employee compensation of $62,339. Separately, shareholders supported the say-on-pay proposal with 88.9% of votes cast for or against in favor at the meeting held April 30, 2026 for fiscal 2025. Companies named in the disclosed peer group include AFLAC Inc., Assurant, Inc., Brighthouse Financial, Inc., Cincinnati Financial Corp. and CNO Financial Group Inc., among others.
Chief executive, fiscal 2025
◇
Frank Svoboda
Median of the other named officers
$3,723,288
5 officers, excluding the chief executive
Latest say-on-pay support
=
April 30, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Frank Svoboda: $8,727,298 → $9,453,935 (8.3% higher)
Say-on-pay support: 92.2% → 88.9% (3.3 points lower)
CEO pay ratio: 155:1 → 152:1 (1.9% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Globe Life's chief executive and what were they paid?
Frank Svoboda, Co-Chairman and Chief Executive Officer, received $9,453,935 in total compensation for fiscal 2025. Svoboda's total was 8.3% higher than the $8,727,298 reported for fiscal 2024.
What was Globe Life's say-on-pay result?
Shareholders supported the say-on-pay proposal with 88.9% of votes cast for or against in favor at the meeting held April 30, 2026 for fiscal 2025.
Which companies are in Globe Life's peer group?
Companies named in the disclosed peer group include AFLAC Inc., Assurant, Inc., Brighthouse Financial, Inc., Cincinnati Financial Corp. and CNO Financial Group Inc., among others.
What is Globe Life's chief executive pay ratio?
The company reported a chief executive pay ratio of 152:1 for fiscal 2025, against median employee compensation of $62,339.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frank Svoboda
Co-Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
J. Matthew Darden
Co-Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Michael Majors
Executive Vice President and Chief Strategy Officer
◇—◇◇◇◇◇◇
R. Brian Mitchell
Executive Vice President, General Counsel and Chief Risk Officer
◇—◇◇◇◇◇◇
Thomas Kalmbach
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Robert Hensley
Executive Vice President and Chief Investment Officer
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frank Svoboda
Co-Chairman & Chief Executive Officer
◇—◇◇◇◇◇◇
J. Matthew Darden
Co-Chairman & Chief Executive Officer
◇—◇◇◇◇◇◇
Thomas Kalmbach
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Michael Majors
Executive Vice President, Policy Acquisitions and Chief Strategy Officer
◇—◇◇◇◇◇◇
R. Brian Mitchell
Executive Vice President, General Counsel and Chief Risk Officer
◇—◇◇◇◇◇◇
Robert Hensley
Executive Vice President and Chief Investment Officer
◇—◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frank Svoboda
Co-Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
J. Matthew Darden
Co-Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Thomas Kalmbach
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Michael Majors
Executive Vice President and Chief Strategy Officer
◇—◇◇◇◇◇◇
R. Brian Mitchell
Executive Vice President, General Counsel and Chief Risk Officer
◇—◇◇◇◇◇◇
Robert Hensley
Executive Vice President and Chief Investment Officer
◇—◇◇◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Thomas P. KalmbachOPTION◇——◇—◇◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Thomas KalmbachRSU◇◇——
Option◇—◇02/23/29
Option◇—◇—
Option◇—◇02/28/32
RSU◇◇——
Option◇—◇02/28/31
Option◇—◇—
RSU◇◇——
Option◇—◇02/24/28
Option◇—◇—
Option◇—◇02/22/30
R. MitchellOption◇—◇02/28/32
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇02/28/31
Option◇—◇02/22/30
Option◇—◇—
Option◇—◇—
Option◇—◇02/23/29
Robert HensleyOption◇—◇—
Option◇—◇02/23/29
Option◇—◇—
Option◇—◇02/28/32
Option◇—◇02/28/31
Option◇—◇—
Option◇—◇02/22/30
Option◇—◇—
Option◇—◇—
Option◇—◇—
J. DardenOption◇—◇02/23/29
RSU◇◇——
Option◇—◇—
Option◇—◇02/28/31
Option◇—◇02/24/28
Option◇—◇—
Option◇—◇02/22/30
RSU◇◇——
Option◇—◇02/28/32
RSU◇◇——
Option◇—◇02/26/27
Option◇—◇—
Michael MajorsOption◇—◇02/23/29
Option◇—◇—
Option◇—◇02/24/28
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇02/28/31
Option◇—◇02/26/27
Option◇—◇—
Option◇—◇02/22/30
Option◇—◇02/28/32
Option◇—◇—
Frank SvobodaOption◇—◇—
Option◇—◇02/24/28
Option◇—◇—
Option◇—◇—
Option◇—◇02/28/31
RSU◇◇——
Option◇—◇02/28/26
RSU◇◇——
RSU◇◇——
Option◇—◇02/26/27
Option◇—◇02/23/29
Option◇—◇02/28/32
Option◇—◇02/22/30
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Linda L. Addison
Lead independent director
◇◇————◇
Mary E. Thigpen
◇◇————◇
Cheryl D. Alston
◇◇————◇
James P. Brannen
◇◇————◇
Alice S. Cho
◇◇————◇
Mark A. Blinn
◇◇————◇
Marilyn A. Alexander
◇◇————◇
David A. Rodriguez
◇◇————◇
Matthew J. Adams
◇◇————◇
Philip M. Jacobs
◇◇————◇
Steven P. Johnson
◇◇————◇
J. Matthew Darden, Frank M. Svoboda, Derek T. Kan and Sandra L. Phillips served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as RSUs or Options.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • AFLAC Inc. AFL
  • Assurant, Inc. AIZ
  • Brighthouse Financial, Inc. BHF
  • Cincinnati Financial Corp. CINF
  • CNO Financial Group Inc. CNO
  • Equitable Holdings, Inc. EQH
  • F&G Annuities & Life, Inc. FG
  • Jackson Financial Inc. JXN
  • Lincoln National Corporation LNC
  • Old Republic International Corp. ORI
  • Primerica, Inc. PRI
  • Principal Financial Group, Inc. PFG
  • Reinsurance Group of America, Inc. RGA
  • Unum Group UNM
  • Voya Financial, Inc. VOYA

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 30, 2026=◇◇◇
2024April 24, 2025=◇◇◇
2023April 25, 2024=◇◇◇
2022April 27, 2023=◇◇◇
2021April 28, 2022=◇◇◇
2020April 29, 2021=◇◇◇
2019April 30, 2020=◇◇◇
2018April 25, 2019=◇◇◇
2017April 26, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Globe Life disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Globe Life sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
346 figures on this page: 337 cited to the filing that reported them, 9 calculated from figures it prints.
337 cited to the filing
9 calculated from the filing

Documents cited

  1. 0000320335-26-000160
  2. 0000320335-26-000135
    2025 DIRECTOR COMPENSATION · CEO Pay Ratio · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal · and 4 more sections
  3. 0000320335-25-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000320335-25-000022
    Summary Compensation Table
  5. 0000320335-24-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000320335-24-000010
    SUMMARY COMPENSATION TABLE
  7. 0000320335-23-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000320335-22-000012
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000320335-21-000022
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000320335-20-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000320335-19-000013
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000320335-18-000014
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Globe Life executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/GL (accessed 2026).
Short form: data: Velarion
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers Globe Life discloses

The companies named in GL's own disclosed peer group.

AFLAC Inc.CNO Financial Group Inc.Equitable Holdings, Inc.F&G Annuities & Life, Inc.Jackson Financial Inc.Lincoln National CorporationOld Republic International Corp.Primerica, Inc.Principal Financial Group, Inc.Reinsurance Group of America, Inc.Unum GroupVoya Financial, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy