Globe Life Inc Stock Price, News & Analysis

Globe Life Inc. (NYSE: GL) has declared a quarterly dividend of $.2075 per share, payable to shareholders of record as of January 6, 2023. The payment date is set for February 1, 2023, highlighting the company's commitment to providing returns to its investors. Globe Life Inc. focuses on life and supplemental health insurance for middle-income Americans through various distribution channels including direct marketing and agencies.

Globe Life Inc. (NYSE: GL) announced significant executive leadership changes effective January 1, 2023. Co-CEOs Gary L. Coleman and Larry M. Hutchison will transition to Co-Chairmen of the Board, while J. Matthew Darden and Frank M. Svoboda are appointed as new Co-CEOs. The transition, part of a long-term succession planning process, aims to maintain continuity and growth. Thomas P. Kalmbach will become CFO, and Dolores L. Skarjune will be promoted to Executive Vice President. This leadership shift is expected to enhance the company's focus on basic protection insurance for underserved markets.

Globe Life Inc. (NYSE: GL) reported Q3 2022 net income of $1.90 per diluted share, up from $1.84 in the previous year. Net operating income also rose to $2.15 per share, compared to $1.78 a year ago, reflecting a strong 21% increase. Life and health premiums grew by 6% and 7% respectively. The company repurchased 563,574 shares for $56 million. Notably, COVID-19 life claims significantly decreased to $44 million year-to-date, down from $82 million last year. With projected net operating income for 2022 between $8.00 and $8.20, Globe Life appears well-positioned for future growth.

Globe Life Inc. (GL) will announce its Third Quarter 2022 earnings post-market on October 26, 2022. The earnings press release and financial details will be accessible via their website. A live conference call is scheduled for October 27, 2022, at 11:00 AM ET. Investors can listen online or via phone at 1-786-697-3501 (Passcode: Globe Life Inc.). Globe Life specializes in life and supplemental health insurance targeting middle-income Americans, using various distribution channels.

Globe Life Inc. (NYSE: GL) has declared a quarterly dividend of $.2075 per share, payable to shareholders of record as of October 7, 2022. The payment date is set for November 1, 2022. The company specializes in life and supplemental health insurance for middle-income Americans, utilizing various distribution channels including direct to consumer and agencies.

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (ICR) of “a+” (Excellent) for Globe Life Inc.'s key life/health subsidiaries. The outlook on these ratings is stable. Globe Life's strong balance sheet and operating performance, along with its favorable business profile and enterprise risk management, underpin these ratings. Although there was a temporary decline in statutory earnings due to increased COVID-related mortality claims, a decrease in these claims in 2022 has led to a rebound in earnings.

Globe Life reported Q2 2022 net income of $1.79 per diluted share, down from $1.92 a year ago, while net operating income rose to $2.07 per share from $1.85. Life premiums increased by 8% at American Income Life and 5% at Liberty National. Total health premiums also grew by 8%. The company repurchased 1.4 million shares during the quarter. COVID-19 life claims were not significant, with an expected total of $62 million for the year. Net income ROE for the first half of 2022 was 9.8%. Earnings guidance for 2022 is set between $7.90 and $8.30 per share.

Globe Life Inc. (NYSE: GL) will announce its Second Quarter 2022 earnings on July 27, 2022, after market close. The earnings press release and financial details will be accessible on the company's website. A live conference call to discuss these results is scheduled for July 28, 2022, at 12:00 PM Eastern. Globe Life focuses on providing life and supplemental health insurance to middle-income Americans through various distribution channels.

Globe Life Inc. (NYSE: GL) will announce its Second Quarter 2022 earnings on July 27, 2022, after market close. The financial report will be accessible on their website. A live conference call is scheduled for July 28, 2022, at 12:00 PM Eastern, where key metrics and insights regarding the quarter will be discussed. Investors can listen to the call online or dial in using 1-323-701-0223 with the passcode 114714. This earnings release will shed light on the company's performance targeting middle-income Americans.