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) provides life insurance, supplemental health coverage, and annuity solutions through its multi-channel distribution network. This news hub offers investors and stakeholders direct access to the company's official communications and material developments.
Track all essential updates in one location, including quarterly earnings disclosures, regulatory filings, product innovations, and leadership announcements. Our curated feed ensures timely access to press releases detailing strategic initiatives, dividend declarations, and operational milestones relevant to the insurance sector.
Key focus areas include updates on underwriting practices, capital management strategies, and market expansion efforts. Bookmark this page for efficient monitoring of GL's financial position and industry leadership in middle-income market protection solutions.
AM Best has assigned a Long-Term Issue Credit Rating of 'bbb-' (Good) to Globe Life's newly issued $325 million 4.25% junior subordinated debentures, due June 15, 2061. The outlook for this rating is stable. Globe Life's existing ratings remain unchanged, with financial leverage and interest coverage ratios within AM Best's guidelines. The proceeds will be used to redeem $300 million of current 6.125% subordinated debentures due 2056, enhancing its financial position. Globe Life remains strong in cash flows and liquidity, supporting its corporate cash flow needs.
Globe Life Inc. (NYSE: GL) announced the redemption of its outstanding 6.125% Junior Subordinated Debentures due 2056, totaling $300,000,000, effective July 15, 2021. The debentures will be redeemed at a price of $25.00 each, plus accrued interest of $0.127604167, amounting to a total of $25.127604167 per debenture. Holders of these debentures, which are managed through the Book-Entry Only Issuance System at The Depository Trust Company, will receive notifications accordingly.
Globe Life Inc. (NYSE: GL) declared a quarterly dividend of $.1975 per share on its common stock. This dividend is applicable to all shareholders on record as of July 5, 2021, and will be paid on July 30, 2021. Globe Life specializes in providing life and supplemental health insurance primarily to middle-income Americans through various distribution channels.
Globe Life Inc. (NYSE: GL) will host its 2021 Annual Meeting of Shareholders on April 29, 2021, at 10:00 a.m. CDT, via live audio webcast. Shareholders can register to attend the meeting online by visiting register.proxypush.com/GL. Participants will receive a confirmation email and a unique link to access the event shortly before it begins. Globe Life specializes in life and supplemental health insurance for middle-income Americans and employs various distribution channels such as direct-to-consumer sales and agency networks.
Globe Life Inc. (NYSE: GL) reported a net income of $1.70 per diluted share for Q1 2021, up from $1.52 a year ago. Net operating income fell to $1.53 per diluted share, down from $1.73. The company saw a significant increase in life premiums by 11% and health premiums by 8% compared to Q1 2020. COVID-19 impacted life underwriting margins, with $38 million in claims for the quarter. The company repurchased 944,307 shares at $90 million. Projected net operating income for the year is between $7.21 and $7.51 per share.
Globe Life Inc. (NYSE: GL) will announce its First Quarter 2021 earnings on April 21, 2021, after market close. The earnings report and detailed financial data will be accessible on the company's website. A live conference call to discuss the results is scheduled for April 22, 2021, at 11:00 a.m. Eastern. Globe Life Inc. focuses on life and supplemental health insurance targeted at middle-income Americans, utilizing various distribution channels for marketing.
Globe Life Inc. (NYSE: GL) is set to release its First Quarter 2021 earnings on April 21, 2021, post-market close. Investors can access the earnings press release and financial details on the company's website. A conference call to discuss these earnings will occur on April 22, 2021, at 11:00 am Eastern. Globe Life specializes in life and supplemental health insurance for middle-income Americans via various distribution channels, including direct-to-consumer and agency models.
Globe Life Inc. (NYSE: GL) has announced an increase in its quarterly dividend to $.1975 per share, applicable to all outstanding common stock as of the close of business on April 5, 2021. The dividend payment is scheduled for April 30, 2021. This decision reflects the company's commitment to providing value to its shareholders while maintaining its position in the life and supplemental health insurance market for middle-income Americans.
On March 15, 2021, Globe Life announced a $50,000 donation to sponsor the Globe Life Garden at Community Garden Kitchen (CGK) in McKinney, Texas. This initiative aims to support CGK's mission to provide freshly cooked meals to those in need without paperwork or questions. The 4,400-square-foot kitchen is set to open this spring, and the garden will also serve educational purposes, teaching gardening skills. Globe Life emphasizes its commitment to community welfare through this partnership, benefiting both the kitchen's operational needs and local food security.
Globe Life Inc. (NYSE: GL) announced that its Co-CEOs Gary Coleman and Larry Hutchison, along with CFO Frank Svoboda, will present at the Bank of America Securities 2021 Virtual Insurance Conference on February 10, 2021, starting at 8:10 am ET. The presentation will be accessible via live webcast on the company's investor relations website. Globe Life specializes in life and supplemental health insurance targeting middle-income Americans through various distribution channels.
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