Investment Portfolio Volatility Risk: Changes in interest rates, credit spreads, and equity markets can significantly impact the value and returns of Globe Life's investment portfolio, affecting its profitability and financial position.

Underwriting and Actuarial Assumption Risk: Inaccurate actuarial assumptions regarding mortality, morbidity, persistency, and expenses could lead to higher-than-expected claims or insufficient reserves, negatively impacting financial performance.

Regulatory Compliance Risk: Changes in insurance laws, regulations, or increased scrutiny from regulatory bodies across various jurisdictions could necessitate costly operational adjustments, restrict product offerings, or result in fines and penalties.