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Globe Life Inc. - GL STOCK NEWS

Welcome to our dedicated page for Globe Life news (Ticker: GL), a resource for investors and traders seeking the latest updates and insights on Globe Life stock.

Globe Life Inc. (NYSE: GL) has been safeguarding families' futures since its inception in 1900. Renowned for its robust financial condition and commitment to integrity, Globe Life is a leading insurance holding company. The company's core operations are segmented into life insurance, supplemental health insurance, annuities, and investments.

Life Insurance: A significant portion of Globe Life's operations involves offering life insurance policies, making it a trusted provider in the industry with 75% of the company’s insurance underwriting margin for the recent quarter attributed to life insurance.

Supplemental Health Insurance: Globe Life provides a variety of supplemental health insurance products, designed to support customers beyond basic health insurance coverages. This segment accounted for 24% of the underwriting margin for the recent quarter.

Annuities: The company also offers annuities which provide financial security for customers' retirement, adding a vital component to the company's diverse product portfolio.

Investments: Managed by the investment segment, Globe Life's investment activities focus on fixed maturities, ensuring yields and terms that support insurance product obligations. Notably, 97% of these investments are rated 'investment grade,' reflecting strong financial health.

Recently, Globe Life reported commendable financial performance for the quarter ended March 31, 2024, with net income of $2.67 per diluted share. The company's financial stability is underscored by an A+ rating from A.M. Best, based on their analysis of financial strength and management integrity. Additionally, Globe Life is not involved in credit default swaps and maintains a solid, stable cash flow from its operations.

For the year ending December 31, 2024, Globe Life projects net operating income between $11.30 to $11.80 per diluted share, demonstrating its optimistic outlook and strategic financial planning. Key recent achievements include a notable increase in net sales of life insurance by 7% and health insurance by 9% for the first quarter of 2024, showcasing growth in its primary product lines.

Globe Life also remains active in shareholder returns, repurchasing 660,170 shares at a cost of $77 million in the previous quarter, reflecting confidence in the company's valuation and future prospects. The company continues to engage with shareholders through regular updates, as seen in its upcoming earnings release and conference call schedules.

Stay informed on the latest developments and insights by visiting Globe Life's investor relations page at https://investors.globelifeinsurance.com/, where detailed financial reports and other relevant information are readily accessible.

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Globe Life (NYSE: GL) will release its Second Quarter 2024 earnings on July 24, 2024, after market close. Details about the earnings will be available on their website. The company will also host a live conference call on July 25, 2024, at 11:00 AM Eastern, which can be accessed via their website or by dialing 1-786-697-3501 with the passcode 'Globe Life Inc.' Globe Life specializes in life and supplemental health insurance for the middle-income market, distributing through direct channels and various agencies.

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Globe Life Inc. (NYSE: GL) declared a quarterly dividend of $.2400 per share on all outstanding common stock, payable on Aug 1, 2024. The company specializes in life and health insurance for the middle-income market.

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Globe Life Inc. (NYSE: GL) announced a share repurchase program of up to $1.3 billion for the two-year period ending December 31, 2025. The decision was made during the quarterly board meeting on April 25, 2024. Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market.

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Globe Life Inc. (NYSE: GL) announces the live audio webcast of its 2024 Annual Meeting of Shareholders on April 25, 2024. The meeting will be held virtually at 10:00 a.m. CDT. Shareholders and guests can register online to attend the meeting and will receive confirmation emails with unique links to access the virtual meeting. Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market.
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Globe Life Inc. reported strong financial results for Q1 2024, with net income of $2.67 per diluted common share, a 14% increase from the year-ago quarter. Net operating income also saw a 6% increase. The American Income Life Division and Liberty National Division showed growth in life net sales and premiums. Overall, positive performance across various divisions led to a solid quarter for Globe Life Inc.
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Globe Life Inc. (NYSE: GL) announced their First Quarter 2024 earnings release and conference call scheduled for April 22, 2024.
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Globe Life Inc. (GL) is set to announce its First Quarter 2024 earnings on April 22, 2024, after the market closes. Investors and analysts can access the press release and financial data for insights into the company's performance.
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Globe Life Inc. refutes short seller allegations, emphasizing its sustainable earnings growth and commitment to shareholders and customers. The company plans legal action against the parties responsible for the misleading report.
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Globe Life Inc. (GL) has increased its quarterly dividend to $.2400 per share for all outstanding common stock, effective for shareholders as of April 5, 2024. The dividend will be paid on May 1, 2024. Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market. This announcement reflects the company's commitment to rewarding shareholders and enhancing shareholder value.
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Globe Life Inc. (NYSE: GL) reported strong financial results for Q4 2023, with net income of $2.88 per diluted common share, compared to $2.46 per diluted common share for the year-ago quarter. Net operating income for the quarter was $2.80 per diluted common share, compared with $2.55 per diluted common share for the year-ago quarter. Net income for the year ended December 31, 2023, was $10.07 per diluted common share, compared with $9.04 per diluted common share for the year-ago period, reflecting a 13% increase in net income and a 6% increase in net operating income over the year-ago quarter. The results also included significant growth in life and health net sales, as well as an increase in net investment income. Globe Life Inc. also repurchased 660,170 shares of its common stock during the quarter.
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FAQ

What does Globe Life Inc. specialize in?

Globe Life Inc. specializes in life and supplemental health insurance, annuities, and investments.

How long has Globe Life been in business?

Globe Life has been helping families since 1900.

What is the financial rating of Globe Life?

Globe Life has an A+ rating from A.M. Best, reflecting its financial strength and integrity.

What are the recent financial results of Globe Life?

For the quarter ended March 31, 2024, Globe Life reported net income of $2.67 per diluted share, with significant growth in both life and health insurance sales.

How can I access Globe Life's financial reports?

Financial reports are available on Globe Life's investor relations page at https://investors.globelifeinsurance.com.

Does Globe Life repurchase its shares?

Yes, Globe Life actively repurchases its shares, with a recent buyback of 660,170 shares at a total cost of $77 million.

What are Globe Life's future earnings projections?

For the year ending December 31, 2024, Globe Life projects net operating income between $11.30 to $11.80 per diluted share.

What types of investments does Globe Life focus on?

Globe Life's investments primarily consist of fixed maturities, with 97% rated as 'investment grade.'

How can I listen to Globe Life's earnings call?

Globe Life provides a live audio webcast of its earnings calls, accessible through its investor relations website.

Is Globe Life involved in credit default swaps?

No, Globe Life is not involved in credit default swaps and does not participate in securities lending.

Globe Life Inc.

NYSE:GL

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7.94B
92.27M
2.23%
87.64%
2.75%
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