STOCK TITAN

Globe Life Announces Closing of Department of Justice Investigation

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Negative)
Tags

Globe Life Inc. (NYSE: GL) announced that the U.S. Attorney's Office for the Western District of Pennsylvania has closed its investigation into sales practices at Globe Life and American Income Life (AIL). The investigation, which previously involved subpoenas regarding sales practices of certain independent sales agents contracted to sell AIL policies, has concluded with no enforcement action to be taken against either company.

Globe Life Inc. (NYSE: GL) ha annunciato che l'Ufficio del Procuratore degli Stati Uniti per il Distretto Occidentale della Pennsylvania ha chiuso l'indagine sulle pratiche di vendita di Globe Life e American Income Life (AIL). L'indagine, che in precedenza aveva coinvolto citazioni a comparire riguardanti le pratiche di vendita di alcuni agenti di vendita indipendenti incaricati di vendere le polizze AIL, si è conclusa senza alcuna azione legale nei confronti di entrambe le società.

Globe Life Inc. (NYSE: GL) anunció que la Oficina del Fiscal de los Estados Unidos para el Distrito Oeste de Pensilvania ha cerrado su investigación sobre las prácticas de ventas en Globe Life y American Income Life (AIL). La investigación, que anteriormente involucró citaciones relacionadas con las prácticas de venta de ciertos agentes de ventas independientes contratados para vender pólizas de AIL, concluyó sin que se tome ninguna acción legal contra ninguna de las dos compañías.

Globe Life Inc. (NYSE: GL)는 펜실베이니아 서부 지구 미국 검찰청이 Globe Life와 American Income Life(AIL)의 판매 관행에 대한 조사를 종료했다고 발표했습니다. 이전에 AIL 보험 판매를 담당하는 일부 독립 판매 대리인의 판매 관행과 관련된 소환장이 포함된 이 조사는 양사에 대해 강제 조치 없이 종료되었습니다.

Globe Life Inc. (NYSE: GL) a annoncé que le bureau du procureur des États-Unis pour le district ouest de Pennsylvanie a clôturé son enquête sur les pratiques de vente chez Globe Life et American Income Life (AIL). L'enquête, qui avait précédemment impliqué des assignations concernant les pratiques commerciales de certains agents de vente indépendants chargés de vendre les polices AIL, s'est terminée sans qu'aucune mesure coercitive ne soit prise contre l'une ou l'autre des sociétés.

Globe Life Inc. (NYSE: GL) gab bekannt, dass das US-Staatsanwaltsbüro für den westlichen Bezirk von Pennsylvania seine Untersuchung der Verkaufspraktiken bei Globe Life und American Income Life (AIL) eingestellt hat. Die Untersuchung, die zuvor Vorladungen bezüglich der Verkaufspraktiken bestimmter unabhängiger Verkaufsagenten, die AIL-Policen verkaufen, beinhaltete, wurde ohne durchsetzungsrechtliche Maßnahmen gegen eines der Unternehmen abgeschlossen.

Positive
  • Investigation by Department of Justice concluded with no enforcement action
  • Removal of regulatory uncertainty regarding sales practices
Negative
  • Company was under investigation for sales practices by independent agents

MCKINNEY, Texas, July 28, 2025 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) – Today, the U.S. Attorney's Office for the Western District of Pennsylvania notified Globe Life and American Income Life (AIL) that it has closed its investigation. Globe Life and AIL previously received and responded to subpoenas from the U.S. Attorney's Office seeking documents relating to sales practices by certain independent sales agents contracted to sell AIL policies. The closing of the investigation means the Department of Justice will not be taking enforcement action against Globe Life or AIL.

About Globe Life

About Globe Life: Globe Life (NYSE: GL) is headquartered in McKinney, TX, and has more than 16,000 insurance agents and 3,600 corporate employees. With a mission to Make Tomorrow Better, Globe Life and its subsidiary companies issue more life insurance policies and have more policyholders than any other life insurance company in the country, with more than 17 million policies in force (excluding reinsurance companies; as reported by S&P Global Market Intelligence 2024). Globe Life's insurance subsidiaries include American Income Life Insurance Company, Family Heritage Life Insurance Company of America, Globe Life And Accident Insurance Company, Liberty National Life Insurance Company, and United American Insurance Company. More information is available at GlobeLifeInsurance.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/globe-life-announces-closing-of-department-of-justice-investigation-302515325.html

SOURCE Globe Life Inc.

FAQ

What was the outcome of the Department of Justice investigation into Globe Life (NYSE: GL)?

The Department of Justice closed its investigation into Globe Life and American Income Life, with no enforcement action to be taken against either company.

What was the Department of Justice investigating about Globe Life?

The investigation involved subpoenas seeking documents related to sales practices by certain independent sales agents contracted to sell American Income Life (AIL) policies.

When did the Department of Justice close its investigation of Globe Life?

The U.S. Attorney's Office for the Western District of Pennsylvania notified Globe Life of the investigation's closure on July 28, 2025.

Will Globe Life face any penalties from the Department of Justice investigation?

No, the Department of Justice announced it will not be taking any enforcement action against Globe Life or American Income Life.
Globe Life Inc

NYSE:GL

GL Rankings

GL Latest News

GL Latest SEC Filings

GL Stock Data

11.15B
82.01M
0.59%
86.45%
1.97%
Insurance - Life
Life Insurance
Link
United States
MCKINNEY