Globe Life Inc Stock Price, News & Analysis

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.

On June 20, 2022, Globe Life Liberty National Division announced they raised $66,036 for Lend a Hand Bahamas through their inaugural Make Tomorrow Better Award competition. The initiative engaged Agency Owners to generate donations, culminating in a presentation on June 3 during the annual Convention in Nassau. The Angela Hanson Agencies, based in Alabama and Georgia, secured victory by raising $12,145. The funds will support a community center in Nassau with various facilities, including a STEM Lab and Culinary Training Kitchen.

On May 17, 2022, Globe Life Inc. (NYSE: GL) declared a quarterly dividend of $0.2075 per share to shareholders of record as of July 5, 2022. The dividend payment is scheduled for August 1, 2022. Globe Life specializes in life and supplemental health insurance for middle-income Americans, utilizing various distribution channels including direct-to-consumer and agency sales.

Globe Life Inc. (NYSE: GL) will host its 2022 Annual Meeting of Shareholders on April 28, 2022, at 11 AM Eastern Time. Shareholders can participate via a live webcast accessible online. For those unable to attend, the meeting will be archived for later viewing. Globe Life specializes in life and supplemental health insurance for middle-income Americans, utilizing various distribution channels such as direct sales and agency networks.

Globe Life Inc. (NYSE: GL) will hold its 2022 Annual Meeting of Shareholders on April 28, 2022, at 11 AM Eastern / 10 AM Central. The meeting will be accessible via a live webcast at this link. For those unable to attend live, an archived version will be available on the company's investor relations website. Globe Life focuses on providing life and supplemental health insurance to middle-income Americans through various distribution channels, including direct-to-consumer and agency sales.

Globe Life Inc. (NYSE:GL) has announced the promotions of Frank Svoboda to Senior Executive Vice President and Chief Financial Officer and Matt Darden to Senior Executive Vice President and Chief Strategy Officer. The promotions reflect their significant contributions to the company over recent years, according to Co-Chairmen Gary Coleman and Larry Hutchison. Globe Life specializes in life and supplemental health insurance for middle-income families, utilizing various distribution channels, including direct-to-consumer sales and agency partnerships.