Preferred stock, liquidation distribution available to stockholders, per share in thousands (in dollars per share)

[Table of Contents](#ic55317410763413da1d4be4008f977bd_658)Globe Life Inc. (PARENT COMPANY)SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT (continued)Notes to Condensed Financial Statements(Dollar amounts in thousands) Note A—Dividends from Subsidiaries Cash dividends paid to Globe Life from the subsidiaries were as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Year Ended December 31, |
|  | 2021 |  | 2020 |  | 2019 |
| Dividends from subsidiaries | $ | 478,535  |  |  | $ | 485,871  |  |  | $ | 479,988  |  |

 Note B—Supplemental Disclosures of Cash Flow Information The following table summarizes non-cash transactions, which are not reflected on the Condensed Statements of Cash Flows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   | Year Ended December 31, |
|   | 2021 |  | 2020 |  | 2019 |
| Stock-based compensation not involving cash | $ | 30,272  |  |  | $ | 35,892  |  |  | $ | 44,843  |  |
| Contribution of property to subsidiary | 5,004  |  |  | —  |  |  | —  |  |

  
 The following table summarizes certain amounts paid (received) during the period:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   | Year Ended December 31, |
|   | 2021 |  | 2020 |  | 2019 |
| Interest paid | $ | 86,206  |  |  | $ | 86,504  |  |  | $ | 86,868  |  |
| Income taxes paid (received) | (11,838) |  |  | (12,744) |  |  | (16,617) |  |

 Note C—Preferred Stock As of December 31, 2021, Globe Life had 351 thousand shares of Cumulative Preferred Stock, Series A, issued and outstanding, of which 280 thousand shares were 6.50% Cumulative Preferred Stock, Series A, and 71 thousand shares were 7.15% Cumulative Preferred Stock, Series A (collectively, the “Series A Preferred Stock”). All issued and outstanding shares of Series A Preferred Stock were held by wholly-owned insurance subsidiaries. In the event of liquidation, the holders of the Series A Preferred Stock at the time outstanding would be entitled to receive a liquidating distribution out of the assets legally available to stockholders in the amount of $1 thousand per share or $351 million in the aggregate, plus any accrued and unpaid dividends, before any distribution is made to holders of Globe Life common stock. Holders of Series A Preferred Stock do not have any voting rights nor have rights to convert such shares into shares of any other class of Globe Life capital stock.    
  
  
  
  
  
  
  
  
  
  
  
  
See accompanying Report of Independent Registered Public Accounting Firm.  
132 GL 2021 FORM 10-K
