GLOBE LIFE INC. DECLARES DIVIDEND AND ANNOUNCES APPOINTMENT OF TWO NEW BOARD MEMBERS

Rhea-AI Summary

Globe Life (NYSE: GL) has announced a quarterly dividend increase to $0.2700 per share, payable on May 1, 2025, to shareholders of record as of April 3, 2025. Additionally, the company has strengthened its Board of Directors with two new appointments:

• Matthew J. Adams, former Senior Partner and U.S. Insurance Practice Leader at PricewaterhouseCoopers LLP, brings over 30 years of insurance industry expertise
• Philip M. Jacobs, former Principal and U.S. Insurance Tax Sector Leader at KPMG US, contributes 35+ years of financial services experience

Positive

• Dividend increase demonstrates financial strength
• Board strengthened with two seasoned insurance industry veterans
• New directors bring extensive financial and operational expertise

Negative

• None.

MCKINNEY, Texas, Feb. 27, 2025 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) announced that its Board of Directors has raised the quarterly dividend to $.2700 per share on all of the outstanding common stock of the Company held of record as of close of business of the Company's transfer agent on April 3, 2025. The dividend will be paid on May 1, 2025.

Globe Life Inc. also announced today that Matthew J. Adams, Retired Senior Partner and U.S. Insurance Practice Leader, PricewaterhouseCoopers LLP, and Philip M. Jacobs, Retired Principal, U.S. Insurance Tax Sector Leader, KPMG US, were appointed as members of Globe Life's Board of Directors on February 26, 2025.

Adams has more than 30 years of experience in senior-level positions at PricewaterhouseCoopers LLP, including time spent as PwC's former U.S. Insurance Practice Leader and leadership roles on several global insurance client accounts. He has an extensive knowledge of nearly all aspects of the insurance industry and possesses significant, practical experience in a number of areas highly valued by the Board, including strategy, operations, profitability, insurance financial reporting, state and federal regulation, and human capital management. He also serves on the Board of Directors of Fidelis Insurance Holdings Ltd. Mr. Adams holds a B.S. in Economics and an M.B.A. from The Wharton School of the University of Pennsylvania.

Jacobs, through his 35+ years in insurance, banking and professional services, with senior roles at KPMG, Barclays, AIG and GE, has gained significant relevant expertise in accounting and taxation in the financial services industry, including in the life insurance sector. As a global tax leader, he offers the Board valuable strategic insights into taxation, accounting and risk management issues. His core competencies also include capital markets, mergers and acquisitions, legal/regulatory issues and crisis readiness. Mr. Jacobs holds a B.A. in History from Princeton University.

Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, including direct to consumer and exclusive and independent agencies. 

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SOURCE Globe Life Inc.

FAQ

What is Globe Life's (GL) new quarterly dividend amount and when will it be paid?

Globe Life's quarterly dividend has been raised to $0.2700 per share, payable on May 1, 2025, to shareholders of record as of April 3, 2025.

Who are the new board members appointed to Globe Life (GL) in February 2025?

Matthew J. Adams, former PwC Insurance Practice Leader, and Philip M. Jacobs, former KPMG Insurance Tax Sector Leader, were appointed to Globe Life's Board on February 26, 2025.

What experience does Matthew Adams bring to Globe Life's (GL) board?

Adams brings 30+ years of senior-level experience at PwC, expertise in insurance strategy, operations, financial reporting, regulation, and human capital management.

What expertise does Philip Jacobs contribute to Globe Life's (GL) board?

Jacobs brings 35+ years of experience in insurance, banking, and professional services, with expertise in taxation, accounting, risk management, and capital markets.