What move does the options market price into Globe Life's report?

Implied ±9.3%, either direction · provisional.

How often does Globe Life move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

GLNYSELife Insurance

Globe Life Inc. (GL) earnings date, market-implied expected move, and options open interest by expiry

161.18

+2.98 · +1.88%

Regular session15:50 ET

Open159.25Volume511,476Mkt cap$12.2BP/E10.54EPS15.29Div yield0.80%

Day158.71 – 161.3394%52-wk128.16 – 191.1752%

Globe Life Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.3%implied · straddle

143.54172.86

spot 158.20exp Feb 19ATM strike 160ATM straddle 17.25IV 25%

Nov 3 closeprovisional

Expected move

Inputs

Next report

Feb 3

after close · in 91 days

est.Q4 FY26

Calendar

Next report

Last report

−0.71%

vs ±5.6% implied · ×0.13

shaded = implied · ▲▼ = realized

Oct 21 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+4.73%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

702 managers

Top fund weight

0.22%

GL weight · RSP

N-PORTJul 31 '26

9 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Globe Life (GL) is expected to report on Feb 3 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±5.5%
avg realized: ±2.9%

Feb 5 '25Feb 5 '25confirmed±5.6%▼−2.52%×0.45

Apr 30 '25Apr 30 '25confirmed±6.2%▼−4.56%×0.74

Jul 23 '25Jul 23 '25confirmed±5.2%▲+5.38%×1.03

Q3 FY25Oct 22 '25confirmed±5.7%▲+0.05%×0.01

Feb 4 '26Feb 4 '26confirmed±5.0%▲+1.47%×0.30

Q1 FY26Apr 22 '26confirmed±5.4%▲+1.80%×0.33

Q2 FY26Jul 22 '26confirmed±5.6%▼−7.02%×1.25

Oct 21 '26Oct 21 '26confirmed±5.6%▼−0.71%×0.13

quarterimplied−10%0+10%realized×

Oct '26±5.6%▼−0.71%×0.13

Q2 FY26±5.6%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.59OI · 4 expiries · Oct 30 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

360+7%Nov 2016d0.45795−4%0.45

307−1%Dec 1844d20.4715+1400%20.47

2100%Jan 1572d0.092,4310%0.09

report · Feb 3 · after close · est.

34−3%Feb 19107d58+2%

ExpiryPutsCallsP/C

Nov 2016d360+7%795−4%0.45

Dec 1844d307−1%15+1400%20.47

Jan 1572d2100%2,4310%0.09

report · Feb 3 · after close · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±9.3%

Funds 4

RSP±0.0%

XLF±0.0%

VIG±0.0%

SPY±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

17.99%as filednet margin · revenue +2.57% QoQ · +8.00% YoY

Revenue

$1.6B+2.57% QoQ

Gross profit

$801M+4.08% QoQ

50.10% margin

Operating income

$391M+6.19% QoQ

24.44% margin

Pre-tax income

$355M+6.21% QoQ

Net income

$288M+6.37% QoQ

17.99% margin

Cost of revenue

$798M+1.10% QoQ

Operating expenses

$411M+2.15% QoQ

Other operating $174M

SG&A $116M

Other operating $121M

Other expense

$36M

Tax

$67M+5.56% QoQ

Revenue$1.6B+2.57%

Gross profit

$801M+4.08%

50.10% margin

Operating income

$391M+6.19%

24.44% margin

Pre-tax income

$355M+6.21%

Net income

$288M+6.37%

17.99% margin

Cost of revenue

$798M+1.10%

Operating expenses

$411M+2.15%

Other operating $174M

SG&A $116M

Other operating $121M

Other expense

$36M

Tax$67M+5.56%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mVolume ×0.54 · 20d avgSource: market data · 15:45 ET

Intraday

Event sensitivity

FOMC ×0.84· ±1.0% vs ±1.2% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±1.0%13 of 24×0.84

NFPjobs report±0.9%4 of 10×0.78

PPIproducer prices±0.9%7 of 10×0.78

CPIconsumer prices±0.8%5 of 10×0.67

PCEpersonal income & outlays±0.8%10 of 19×0.66

GDPgross domestic product±0.7%10 of 19×0.61

CPROFcorporate profits±0.6%5 of 12×0.46

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 3.65 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Jul 22 '26 · confirmed	3.65	—
Q1 FY26	Apr 22 '26 · confirmed	3.39	—
Q3 FY25	Oct 22 '25 · confirmed	4.73	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod