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) is an insurance holding company headquartered in McKinney, Texas, specializing in life and supplemental health insurance for the middle-income market. This news page aggregates company-issued announcements, earnings releases, regulatory updates and third-party rating actions related to Globe Life and its subsidiaries.
Readers can review quarterly and interim financial results, where Globe Life reports metrics such as net income, net operating income, insurance underwriting income and premium trends across life and health segments. These releases also discuss performance by distribution channel, including American Income, Liberty National, Family Heritage, Direct to Consumer and United American divisions, as well as information on share repurchases and dividends.
The news flow includes capital markets and listing developments, such as the company’s dual listing on NYSE Texas while maintaining its primary New York Stock Exchange listing. It also covers corporate actions like the formation of Globe Life Re Ltd., a Bermuda Class C insurer providing affiliated quota share reinsurance support for insurance business written by Globe Life affiliates.
Regulatory and legal updates are another key component. Globe Life has reported the conclusion of investigations by the U.S. Attorney's Office for the Western District of Pennsylvania and by SEC staff, with the company stating that no enforcement actions are being recommended or taken against Globe Life or its subsidiary American Income Life in those matters.
In addition, rating agency releases, such as AM Best’s affirmations of Globe Life’s financial strength and issuer credit ratings, appear in the news stream, offering insight into how external analysts view the company’s balance sheet strength, operating performance and enterprise risk management. Investors and observers can use this page to follow recurring items like dividends, capital management actions and structural changes within the Globe Life group.
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.
Globe Life Inc. (NYSE: GL) has announced its Third Quarter 2024 earnings release and conference call schedule. The company will release its earnings after market close on Wednesday, October 23, 2024. Financial information and the earnings press release will be available on the company's investor relations website. A conference call is scheduled for Thursday, October 24, 2024, at 11:00am Eastern (10:00am Central) to discuss the results.
Investors can access the live call and replay through the company's website or by dialing 1-786-697-3501 (Passcode: Globe Life Inc.). Globe Life Inc. specializes in life and supplemental health insurance for the middle-income market, distributed through multiple channels including direct-to-consumer and agency networks.
Globe Life Inc. (NYSE: GL) has announced its Third Quarter 2024 earnings release and conference call schedule. The company will release its Q3 2024 earnings after market close on Wednesday, October 23, 2024. Financial information, including the earnings press release, will be available on the company's investor relations website. A conference call is scheduled for Thursday, October 24, 2024, at 11:00 am Eastern (10:00 am Central) to discuss the results.
Investors can access the live call and replay through the company's website or by dialing 1-786-697-3501 (Passcode: Globe Life Inc.). Globe Life Inc. specializes in life and supplemental health insurance for the middle-income market, distributed through multiple channels including direct-to-consumer and agency networks.
Globe Life's Liberty National Division has raised $77,094 for Mother to Mother, a Tennessee-based organization supporting low-income families. The Everett Agencies won the annual convention contest by raising $15,090. Mother to Mother, founded in 2004, has distributed millions of essential items to children from newborn to age 10. Globe Life (NYSE: GL) is headquartered in McKinney, TX, with over 15,000 insurance agents and 3,000 corporate employees. The company and its subsidiaries have more than 17 million life insurance policies in force, making it the largest in the country by number of policies and policyholders.
Globe Life (NYSE: GL) and its employees have continued their support for Operation Gratitude, an organization that honors military and first responders. In 2023, they donated nearly $30,000 and recently packed 1,600 care kits and 1,000 paracord lanyards. Over the past five years, Globe Life has contributed over $100,000 to the cause.
Jennifer Haworth, Executive VP and CMO at Globe Life, emphasized the company's commitment to their purpose-driven mission. Meg Barron, Executive Director of Operation Gratitude, acknowledged Globe Life's role in reaching the milestone of four million Care Packages distributed.
Globe Life, headquartered in McKinney, TX, has over 15,000 insurance agents and 3,000 corporate employees. It is the largest life insurance company in the country by number of policies and policyholders, with more than 17 million policies in force.