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. reports developments tied to its life and supplemental health insurance business for the middle-income market. The company distributes policies through direct-to-consumer channels and exclusive and independent agencies, with recurring updates on premium revenue, underwriting margins, net income, net operating income and earnings guidance.
News also covers quarterly dividends on common stock, annual shareholder meeting activity, board appointments and other governance updates. The company’s investment activities support insurance product obligations, making underwriting performance and portfolio-related results recurring themes in its public updates.
Globe Life Inc. (NYSE: GL) will release its Third Quarter 2021 earnings on October 20, 2021, after market close. Investors can access the earnings press release and other financial information on the company's website. A conference call discussing the earnings will take place on October 21, 2021, at 11:00 AM Eastern Time. Globe Life specializes in life and supplemental health insurance for middle-income Americans, utilizing various distribution channels.
Globe Life Inc. (NYSE: GL) announced a quarterly dividend of $.1975 per share, payable on November 1, 2021. The dividend applies to all outstanding common stock held as of October 4, 2021. This declaration reflects the company's ongoing commitment to returning value to its shareholders. Globe Life specializes in life and supplemental health insurance, targeting middle-income Americans through various distribution channels.
On August 1, 2021, Globe Life (NYSE: GL) completed its acquisition of Beazley Benefits, a subsidiary of Beazley plc, enhancing its offerings in the employee benefits market. Beazley Benefits specializes in supplemental health solutions, generating approximately $40 million in premiums in 2020. This strategic acquisition aligns with Globe Life's mission to deliver innovative solutions for working families. Beazley Benefits will be rebranded as Globe Life Benefits, and the transition is expected to be seamless, leveraging Beazley Benefits' experienced management team.
Globe Life Inc. (NYSE: GL) reported strong Q2 2021 results, with net income of $1.92 per diluted share, up from $1.62 in Q2 2020. Net operating income rose to $1.85 per share, a 12% increase year-over-year. Total life premiums increased by 9%, driven by growth in all divisions, while health premiums climbed 13%. The company repurchased 1.2 million shares at an average price of $101.05. However, COVID-19 claims amounted to approximately $11 million in Q2, totaling $49 million for the first half of 2021, with projections of $53-$55 million for the full year.
Globe Life Inc. (NYSE: GL) will release its Second Quarter 2021 earnings after market close on July 21, 2021. The earnings report, along with detailed financial information, will be accessible on the company's website. Additionally, a conference call is scheduled for July 22, 2021, at 11:00 AM Eastern to discuss the earnings results. Investors can access the live broadcast and replay via the company’s investor relations page.
Globe Life Inc. (NYSE: GL) will announce its Second Quarter 2021 earnings after market hours on July 21, 2021. The earnings press release and related financial data will be accessible on the company's website. Additionally, a live conference call is scheduled for July 22, 2021 at 11:00 AM Eastern, allowing investors to listen in on the discussion regarding the quarterly performance. Globe Life focuses on life and supplemental health insurance for middle-income Americans through various distribution channels.
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.