Globe Life Inc. Bermuda reinsurance affiliate has been formed and licensed as a Bermuda Class C Insurer

Globe Life (NYSE: GL) announced that Globe Life Re Ltd. has been formed and licensed as a Bermuda Class C Insurer to provide reinsurance support for affiliate-written insurance business.

Rhea-AI Summary

Globe Life (NYSE: GL) announced that Globe Life Re Ltd. has been formed and licensed as a Bermuda Class C Insurer to provide reinsurance support for affiliate-written insurance business.

The new reinsurer will write affiliated quota share reinsurance, assuming a proportional share of specified insurance policies, operate on an arm's-length basis, and remain subject to regulatory oversight. Globe Life said the first reinsurance transaction under the company's business plan has been executed.

Argus Dec 24 session

+0.79% close to close Open Argus

Details

News Market Reaction – GL

On Dec 24, the first trading day after this news, GL closed 0.79% above the previous close.

Data tracked by StockTitan Argus for the Dec 24 session.

Historical Context

5 past events · Latest: Nov 12

5 events

1. Nov 12

   Rating affirmation

   24h Move

   +1.3%

   AM Best affirmed ratings with stable outlook and highlighted strong performance.

2. Nov 06

   Dividend declaration

   24h Move

   +0.3%

   Company declared a quarterly cash dividend for common shareholders.

3. Oct 22

   Quarterly earnings

   24h Move

   -0.3%

   Reported higher EPS, underwriting income, and premium revenue for Q3 2025.

4. Oct 09

   Earnings call notice

   24h Move

   -0.3%

   Announced timing and access details for Q3 2025 earnings release and call.

5. Aug 14

   Dual listing

   24h Move

   -0.3%

   Announced dual listing on NYSE Texas while keeping primary NYSE listing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reinsurance, quota share reinsurance

2 terms

reinsurance financial

"has been formed and licensed as a Bermuda Class C Insurer to provide reinsurance support"

Reinsurance is when insurance companies buy insurance for themselves to protect against very big losses. It’s like a car owner getting extra coverage from another company so that if there's a serious accident, the financial hit isn’t all on one company. This helps insurance companies stay stable and able to pay out when disasters happen.

quota share reinsurance financial

"The Company will write affiliated quota share reinsurance business, assuming a proportional share"

A quota share reinsurance agreement is a contract where an insurance company hands a fixed percentage of every policy it sells to another insurer, sharing both premiums and claims in that set proportion. Investors should care because it smooths an insurer’s profits and limits losses—like splitting every slice of a cake with a partner—affecting revenue stability, capital needs, and the company's risk exposure.

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MCKINNEY, Texas, Dec. 23, 2025 /PRNewswire/ -- Globe Life Inc. (NYSE: GL), a United States domiciled holding company specializing in life and supplemental health insurance, announced today that Globe Life Re Ltd. (the Company) has been formed and licensed as a Bermuda Class C Insurer to provide reinsurance support in respect of insurance business written by affiliate entities within the Globe Life Inc. group.

The Company will write affiliated quota share reinsurance business, assuming a proportional share of risk on specified insurance policies, with all arrangements conducted on an arm's length basis and subject to appropriate regulatory oversight. The first reinsurance transaction has been executed in accordance with the Company's business plan.

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/globe-life-inc-bermuda-reinsurance-affiliate-has-been-formed-and-licensed-as-a-bermuda-class-c-insurer-302649014.html

SOURCE Globe Life Inc.

FAQ

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What did Globe Life (GL) announce on December 23, 2025 about a Bermuda reinsurer?

Globe Life announced formation and licensing of Globe Life Re Ltd. as a Bermuda Class C Insurer to provide reinsurance for affiliates.

What type of reinsurance will Globe Life Re Ltd. (GL) write?

The company will write affiliated quota share reinsurance, assuming a proportional share of specified insurance policies.

Will Globe Life Re Ltd.'s transactions be related-party or arm's-length for GL shareholders?

The announcement says all arrangements will be conducted on an arm's-length basis and subject to regulatory oversight.

Has Globe Life (GL) already used the new Bermuda reinsurer for transactions?

Yes. The company said the first reinsurance transaction has been executed in accordance with the business plan.

Why did Globe Life (GL) form a Bermuda Class C insurer for reinsurance?

The company formed the reinsurer to provide reinsurance support for insurance business written by Globe Life affiliate entities.

Does the December 23, 2025 Globe Life (GL) announcement include financial terms or transaction values?

No. The announcement describes the licensing and first transaction but does not disclose financial terms or transaction amounts.