Noncash tax credits

[Table of Contents](#ic55317410763413da1d4be4008f977bd_658)Globe Life Inc.Notes to Consolidated Financial Statements(Dollar amounts in thousands, except per share data)Globe Life has estimated its expected pension benefits to be paid over the next ten years as of December 31, 2021. These estimates use the same assumptions that measure the benefit obligation at December 31, 2021, taking estimated future employee service into account. Those estimated benefits are as follows:

|  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| For the year(s): |   |
| 2022 | $ | 25,979  |  |
| 2023 | 28,431  |  |
| 2024 | 30,936  |  |
| 2025 | 32,120  |  |
| 2026 | 34,121  |  |
| 2027-2031 | 200,165  |  |

  
Note 10—Supplemental Disclosures of Cash Flow Information  The following table summarizes Globe Life's noncash transactions, which are not reflected on the [Consolidated Statements of Cash Flows](#ic55317410763413da1d4be4008f977bd_754):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Year Ended December 31, |
|  | 2021 |  | 2020 |  | 2019 |
| Stock-based compensation not involving cash | $ | 30,272  |  |  | $ | 35,892  |  |  | $ | 44,843  |  |
| Commitments for low-income housing interests | 177,010  |  |  | 161,503  |  |  | 51,978  |  |
| Exchanges of fixed maturity investments | 109,226  |  |  | 219,807  |  |  | 243,156  |  |
| Net unsettled security trades | 6,963  |  |  | 1,669  |  |  | 8,421  |  |
| Noncash tax credits | 1,883  |  |  | —  |  |  | —  |  |

 The following table summarizes certain amounts paid during the period:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Year Ended December 31, |
|  | 2021 |  | 2020 |  | 2019 |
| Interest paid | $ | 83,072  |  |  | $ | 83,518  |  |  | $ | 81,723  |  |
| Income taxes paid | 96,218  |  |  | 76,701  |  |  | 101,982  |  |

  
 103 GL 2021 FORM 10-K
