| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024-12-31 | acquisition_addition | completed | Health | USD 9 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Evry Health completed during 2024; goodwill increased $8.7 million. No headcount associated with the acquisition is disclosed. | |||||
| 2021-09-30 | acquisition_addition | completed | 2021-08-01 | United States | Supplemental health insurance (worksite market) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired Beazley Benefits for $59.2 million; no employee headcount for the acquired unit is disclosed. A 100% coinsurance agreement was also executed with a $2.5 million ceding commission. | ||||
| 2021-06-30 | acquisition_addition | announced | 2021-08-01 | United States | Supplemental Health Insurance | USD 59 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Acquired Beazley Benefits, a small unit of Beazley Insurance Company, Inc., for $59.2 million to enhance reach in the worksite market. Headcount not disclosed. | |||
| 2016-12-31 | divestiture_reduction | completed | 2016-07-01 | United States | Medicare Part D Prescription Drug Plan business | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Medicare Part D business sold to an unaffiliated third party effective 2016-07-01 and reported as discontinued operations; no employee count associated with the disposition is disclosed. | ||||
| 2013-12-31 | acquisition_addition | completed | 2012-11-01 | 2012-11-01 | United States | Health Insurance | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquired Family Heritage Life Insurance Company of America on November 1, 2012. Specific headcount added not disclosed in filing. | |||
| 2012-12-31 | acquisition_addition | completed | 2012-11-01 | 2012-11-01 | United States (Cleveland, Ohio) | Health insurance segment — supplemental limited-benefit health (Family Heritage captive agency) | USD 3 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Family Heritage Life Insurance Company of America; purchase price ~$234M. Headcount added not disclosed; $2.9M acquisition expense ($1.9M after tax) charged to 2012 earnings. Family Heritage excluded from management's ICFR assessment (4.6% of total assets, 0.9% of total revenue). | ||
| 2012-12-31 | acquisition_addition | completed | 2012-11-01 | 2012-11-01 | United States | Health Insurance | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquired Family Heritage Life Insurance Company of America. Specific headcount added not disclosed in filing. | |||
| 2012-09-30 | acquisition_addition | completed | 2012-07-31 | 2012-11-01 | United States (Cleveland, Ohio) | Health insurance (supplemental health, captive agency force) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Family Heritage Life acquisition closed 2012-11-01 (subsequent event); no employee headcount disclosed. Filing notes a captive agency force of approximately 1,200 agents (producers, not stated as employees). Acquisition expenses of $615 thousand ($400 thousand after tax) charged in Q3 2012, with about $2 million expected in Q4 2012. | |||
| 2012-09-30 | acquisition_addition | completed | 2012-11-01 | Cleveland, Ohio | Health Insurance | USD 1 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Family Heritage closed Nov 1, 2012. The target has 'approximately 1,200 agents'. Headcount of employees is not disclosed. Acquisition expenses of $615k were charged to earnings. | |||
| 2012-06-30 | acquisition_addition | announced | 1,200 | 2012-07-31 | United States | Supplemental health insurance — captive agency sales | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter definitive agreement to acquire Family Heritage Life Insurance Company of America for about $218.5 million, funded with internal cash; expected to close early in Q4 2012. Count of approximately 1,200 is the target's captive sales agents, not stated as employees. | |||
| 2012-06-30 | acquisition_addition | announced | 2012-06-30 | United States | Health Insurance | USD 219 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Torchmark signed a definitive agreement to acquire Family Heritage for approximately $218.5 million. Family Heritage has approximately 1,200 captive sales agents. Specific employee headcount added is not disclosed. | |||
| 2010-12-31 | divestiture_reduction | completed | 2010-09-30 | 2010-12-31 | United States | Life insurance, Annuities (United Investors Life Insurance Company) | USD 35 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of United Investors Life Insurance Company completed 2010-12-31 for $343M cash plus ~$21M post-closing receivable; $35M after-tax loss on disposal. Headcount not disclosed. | ||
| 2007-12-31 | acquisition_addition | completed | United States | Direct Response (Globe Life / insert media marketing) | USD 47 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Direct Marketing and Advertising Distributors, Inc. (DMAD) completed January 2007 for $47 million cash; added approximately $45 million of goodwill. Headcount added through the acquisition is not disclosed. Announcement date not stated; acquisition completed in January 2007. | ||||
| 2007-09-30 | acquisition_addition | completed | 2007-01-01 | Direct Marketing and Advertising Distributors, Inc. (DMAD) | USD 47 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired assets of DMAD for $47 million in cash. Headcount not disclosed. | ||||
| 2007-03-31 | acquisition_addition | completed | 2007-01-31 | United States | Direct Response (Globe Life And Accident Insurance Company) | USD 47 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | January 2007 asset purchase of Direct Marketing and Advertising Distributors, Inc. (DMAD) for $47 million cash; added $45 million goodwill. No employee or headcount figures disclosed for the acquired workforce. | |||
| 2006-12-31 | restructuring | completed | 2006-12-31 | 2006-12-31 | Southeastern U.S. and expanded states | Liberty National Exclusive Agency (sales agents) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agency reorganized marketing leadership and restructured agent compensation with production minimums during 2006, causing terminations and resignations. Producing agents disclosed as 1,381 at year-end 2006 vs. 1,781 at year-end 2005. Affects contracted producing agents, not the 2,495 employee headcount; no separate affected count or charge disclosed. | |||
| 2006-12-31 | other | completed | 2006-12-31 | 2006-12-31 | United States | Military Agency (independent sales agents) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agency reduced commission rates on non-Torchmark investment products and lost 24% of producing agents appointed with Torchmark in 2006 (a 30% loss occurred in 2005, prior year). Affects contracted agents, not employee headcount; no absolute count or charge disclosed. | |||
| 2006-12-31 | acquisition_addition | announced | 2007-01-31 | 2007-01-31 | United States | Direct Response (Globe Life And Accident Insurance Company) | USD 47 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | In January 2007 a Globe subsidiary acquired assets of Direct Marketing and Advertising Distributors, Inc. (DMAD), an advertising and publication supplier to the Direct Response operation, for $47 million. No headcount added disclosed; occurred after fiscal year-end. | ||
| 2000-12-31 | divestiture_reduction | completed | 1998-06-01 | 1998-06-01 | United States | Family Service Life Insurance Company | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Torchmark disposed of Family Service in 1998. No specific headcount reduction disclosed for FY2000. | |||
| 2000-12-31 | divestiture_reduction | completed | 1998-11-06 | 1998-11-06 | United States | Waddell & Reed, Inc. | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Torchmark disposed of Waddell & Reed in 1998 via spin-off. No specific headcount reduction disclosed for FY2000. | |||
| 1999-12-31 | divestiture_reduction | completed | 1998-06-01 | 1998-06-01 | United States | Family Service Life Insurance Company | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Sale of Family Service Life Insurance Company. Employee count not disclosed. | |||
| 1999-12-31 | divestiture_reduction | completed | 1998-11-06 | 1998-11-06 | United States | Waddell & Reed, Inc. | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Spin-off of Waddell & Reed. Employee count not disclosed. | |||
| 1998-12-31 | divestiture_reduction | completed | 1998-11-06 | 1998-11-06 | United States | Asset Management (Waddell & Reed) | USD 54 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Tax-free spin-off of remaining 64% Waddell & Reed stake to shareholders; $54M expense including $50M federal income tax. Employee headcount impact not disclosed. | ||
| 1998-12-31 | divestiture_reduction | completed | 1998-06-01 | 1998-06-01 | United States | Family Service (preneed funeral insurance) | USD 23 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold to unaffiliated carrier for $140M cash; after-tax loss of $23M. Employee headcount impact not disclosed. | ||
| 1998-12-31 | divestiture_reduction | completed | 1998-06-01 | 1998-06-01 | United States | Family Service Life Insurance Company | Item 1_Business f5-10k / Qwen3.6-27B-Q8_0 | Torchmark disposed of Family Service during 1998. Specific headcount reduction not disclosed. | |||
| 1998-12-31 | divestiture_reduction | completed | 1998-11-06 | 1998-11-06 | United States | Waddell & Reed, Inc. | Item 1_Business f5-10k / Qwen3.6-27B-Q8_0 | Torchmark disposed of Waddell & Reed during 1998 via spin-off. Specific headcount reduction not disclosed. | |||
| 1998-06-30 | divestiture_reduction | completed | 1998-06-01 | 1998-06-01 | United States | Life insurance (pre-need funeral policies) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Family Service sold for $140 million cash; no employee count disclosed. Torchmark will service in-force policies for five years at $2 million per year. | |||
| 1998-06-30 | divestiture_reduction | announced | 1998-03-31 | 1998-12-31 | United States | Asset management (Waddell and Reed Financial, Inc.) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned tax-free spin-off of remaining ~64% W&R interest to shareholders late 1998; distribution ratio ~30%. No headcount impact disclosed. | |||
| 1996-12-31 | divestiture_reduction | completed | 1996-09-30 | 1996-09-30 | United States | Energy segment (Torch Energy Advisors and Black Warrior coalbed methane investment) | USD 7 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | After-tax loss of $7 million ($0.10/share) on sale to a TEAI management group; no employee headcount disclosed for the divested operations. | ||
| 1996-12-31 | restructuring | in_progress | Southeastern United States | Liberty National exclusive agency | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agency force declined 31% to 1,750 agents over a two-year period as Liberty transitioned from debit-style collection to direct bill/bank draft; no discrete 1996 headcount reduction figure disclosed. | |||||
| 1996-09-30 | divestiture_reduction | completed | 1996-09-30 | 1996-09-30 | United States | Energy segment (Torch Energy Advisors Incorporated; Black Warrior coalbed methane investment) | USD 7 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to a Torch Energy management group completed 1996-09-30; after-tax loss of $7 million ($.10 per share). No employee headcount affected by the sale is disclosed. | ||
| 1996-03-31 | divestiture_reduction | in_progress | 1995 | United States | Energy segment (Torch Energy Advisors Incorporated) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Management-led buyout of TEAI expected to close by Q3 1996 for roughly $108 million; no employee count or workforce impact disclosed. Black Warrior coalbed methane and other energy investments also slated for sale by year-end 1996. | ||||
| 1995-09-30 | divestiture_reduction | announced | 1995-12-31 | United States | Energy (Torch Energy Advisors Incorporated) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Preliminary agreement to sell the energy management subsidiary for $108 million total consideration ($60 million cash plus subordinated debt, preferred stock and about 12% equity); no employee count disclosed. Torchmark retains substantially all energy investments, which TEAI will continue to manage. |