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) has declared a quarterly dividend of $0.1875 per share, payable on October 30, 2020, to shareholders on record as of October 5, 2020. Additionally, the Board of Directors has authorized the resumption of its common stock repurchase program, which was paused in April due to economic conditions. This program allows for share repurchases at management's discretion, with no set expiration or maximum limit.
Globe Life reported Q2 2020 earnings with a net income of $1.62 per diluted share, a slight decrease from $1.67 in Q2 2019. Net operating income was $1.65 per diluted share versus $1.67 year-over-year. Life premiums rose 8% in the Direct to Consumer Division and 7% in American Income Life Division, with net sales in Direct to Consumer up 43%. The company faced challenges due to COVID-19 but adapted to a virtual operational model. Total premium revenue grew 6% to $953.7 million, while insurance underwriting income declined by 6% to $167 million.
Globe Life Inc. (NYSE: GL) will announce its Second Quarter 2020 earnings on July 22, 2020, after market close. The earnings press release and additional financial information will be accessible on the company's investor website. A live conference call to discuss the earnings will take place on July 23, 2020, at 11:00 AM Eastern. Globe Life specializes in life and supplemental health insurance for middle-income Americans through various distribution channels.