Globe Life Inc Stock Price, News & Analysis

Globe Life Inc. (NYSE: GL) has announced a $2 million pledge to the National Medal of Honor Museum Foundation ahead of the museum's grand opening in Arlington, Texas, in March 2025. As part of this founding donation, the stage at the Museum's Neel Kearby Theater will bear Globe Life's name.

The museum will feature over 100,000 square feet of space, including 31,000 square feet dedicated to Exhibition Galleries showcasing Medal of Honor history and recipients' stories. The donation was presented by Globe Life Executive Vice President Jennifer Haworth to NMOHMF leadership at the construction site.

Globe Life, with more than 17 million policies in force, maintains its position as the life insurance company with the most policyholders and issued policies in the country. The company operates through multiple subsidiary companies and employs over 15,000 insurance agents and 3,000 corporate employees.

Globe Life Inc. (NYSE: GL) reported strong financial results for Q4 2024, with net income of $3.01 per diluted share compared to $2.88 in Q4 2023. Net operating income reached $3.14 per diluted share, up from $2.80 year-over-year.

Key highlights include: net income ROE of 21.7% for 2024, life insurance net sales growth of 11%, and health insurance net sales increase of 6% in Q4. The American Income Life Division showed particularly strong performance with a 22% increase in life net sales and 7% growth in life premium. The company's insurance underwriting margin improved, with life insurance accounting for 79% of the total margin.

Notable operational metrics include a 4% growth in net investment income, and increased agent counts across divisions. The company repurchased 337,821 shares during Q4 at an average price of $105.37. For 2025, Globe Life projects net operating income between $13.45 to $14.05 per diluted share.

Globe Life (NYSE: GL) has announced plans to relocate its corporate headquarters within McKinney, Texas. The company will acquire a 200,000-square-foot, six-story Class AA office building at 7677 Henneman Way, along with approximately 9.3 acres of adjacent developable land for future growth.

The modern facility, built in 2022, features dedicated parking, a fitness center, food and beverage centers, and a conference center accommodating up to 350 people. The building offers prominent visibility along Sam Rayburn Tollway, which sees over 109,000 vehicles daily.

The relocation will maintain over 2,000 jobs in McKinney, with plans for workforce expansion to support Globe Life's growing policyholder base. The location provides access to numerous local amenities, including seven hotels, 79 restaurants, and 76 retail establishments within three miles.

Globe Life Inc. (NYSE: GL) has scheduled its Fourth Quarter 2024 financial results announcement for Wednesday, February 5, 2025, after market close. The company will make available its Q4 2024 earnings press release and related financial information on its investor relations website.

A live conference call is scheduled for Thursday, February 6, 2025, at 11:00am Eastern (10:00am Central). Investors can access the call via phone at 1-786-697-3501 (passcode: Globe Life Inc.) or online through the company's investor relations website.

Globe Life operates as a holding company focused on providing life and supplemental health insurance products to the middle-income market through multiple distribution channels, including direct-to-consumer and agency networks.

Globe Life Inc. (NYSE: GL) has scheduled its Fourth Quarter 2024 financial results announcement for Wednesday, February 5, 2025, after market close. The company will make available its earnings press release and related financial information on its investor relations website. A live conference call will follow on Thursday, February 6, 2025, at 11:00am Eastern time.

Globe Life operates as a holding company focused on providing life and supplemental health insurance products to the middle-income market through multiple distribution channels, including direct-to-consumer and agency networks.

Globe Life Inc. (NYSE: GL) has issued a statement refuting allegations made in a Viceroy Research report. The company explains that following the pandemic, American Income Life (AIL) transitioned to a virtual business model, leading to an increase in agent count from 8,000 in March 2020 to over 12,000 in November 2024. The company maintains 17 million policies in force, making it the largest life insurance policy issuer in the country.

Globe Life strongly denies the short seller's claims about disconnected phone numbers and closed businesses, stating that all businesses mentioned in the report remain operational. The company characterizes the report as a dishonest attempt to damage its reputation and manipulate stock prices for short-term profit.

Globe Life (NYSE:GL) announced a new $1.8 billion share repurchase authorization, replacing the previous $1.3 billion authorization from April 2024. The company has repurchased approximately $10 billion of common stock since 1986. Management emphasized their business model's reliability in generating free cash flow regardless of economic conditions and reaffirmed their commitment to returning excess capital to shareholders through consistent buybacks using parent company excess cash flows, unless more beneficial uses for shareholders emerge.

Globe Life (NYSE: GL) has announced a quarterly dividend declaration of $0.24 per share on all outstanding common stock. Shareholders of record as of January 6, 2025, will receive the dividend payment on January 31, 2025. The company operates as a holding company focused on providing life and supplemental health insurance products to the middle-income market through various distribution channels, including direct-to-consumer and agency networks.

Globe Life Inc. (NYSE: GL) reported strong Q3 2024 results with net income of $3.44 per diluted share, up from $2.68 in Q3 2023. Net operating income reached $3.49 per share, compared to $2.71 in the year-ago quarter. Key highlights include a 19% increase in total underwriting margin, 7% growth in net investment income, and significant growth across divisions. American Income Life saw life net sales increase 19% and life premiums rise 7%, while Liberty National reported a 14% increase in producing agents and 6% growth in life premiums. The company repurchased 5.8 million shares at a total cost of $580 million during the quarter.