Globe Life Inc Stock Price, News & Analysis

Globe Life Inc. reported Q3 2021 net income of $1.84 per diluted share, up from $1.76 year-over-year, while net operating income rose to $1.78 from $1.75. Total life premiums grew by 8%, driven by divisions like American Income Life (up 12%) and Liberty National (up 6%). However, COVID-19 claims reached approximately $33 million in Q3, contributing to expected full-year claims of $110-125 million. Share buybacks totaled 1 million shares at a cost of $97 million. The projected range for 2021 net operating income per share is $6.85 to $7.05, lowered due to unexpected COVID losses.

Globe Life Inc. (NYSE: GL) will announce its Third Quarter 2021 earnings on October 20, 2021, after market close. Investors can access the earnings press release on the Company’s website. A conference call will be held on October 21, 2021, at 11:00 AM Eastern Time, allowing stakeholders to discuss the financial results and other relevant information. Globe Life specializes in life and supplemental health insurance for middle-income Americans through various distribution channels.

Globe Life Inc. (NYSE: GL) will release its Third Quarter 2021 earnings on October 20, 2021, after market close. Investors can access the earnings press release and other financial information on the company's website. A conference call discussing the earnings will take place on October 21, 2021, at 11:00 AM Eastern Time. Globe Life specializes in life and supplemental health insurance for middle-income Americans, utilizing various distribution channels.

Globe Life Inc. (NYSE: GL) announced a quarterly dividend of $.1975 per share, payable on November 1, 2021. The dividend applies to all outstanding common stock held as of October 4, 2021. This declaration reflects the company's ongoing commitment to returning value to its shareholders. Globe Life specializes in life and supplemental health insurance, targeting middle-income Americans through various distribution channels.

On August 1, 2021, Globe Life (NYSE: GL) completed its acquisition of Beazley Benefits, a subsidiary of Beazley plc, enhancing its offerings in the employee benefits market. Beazley Benefits specializes in supplemental health solutions, generating approximately $40 million in premiums in 2020. This strategic acquisition aligns with Globe Life's mission to deliver innovative solutions for working families. Beazley Benefits will be rebranded as Globe Life Benefits, and the transition is expected to be seamless, leveraging Beazley Benefits' experienced management team.

Globe Life Inc. (NYSE: GL) reported strong Q2 2021 results, with net income of $1.92 per diluted share, up from $1.62 in Q2 2020. Net operating income rose to $1.85 per share, a 12% increase year-over-year. Total life premiums increased by 9%, driven by growth in all divisions, while health premiums climbed 13%. The company repurchased 1.2 million shares at an average price of $101.05. However, COVID-19 claims amounted to approximately $11 million in Q2, totaling $49 million for the first half of 2021, with projections of $53-$55 million for the full year.

Globe Life Inc. (NYSE: GL) will release its Second Quarter 2021 earnings after market close on July 21, 2021. The earnings report, along with detailed financial information, will be accessible on the company's website. Additionally, a conference call is scheduled for July 22, 2021, at 11:00 AM Eastern to discuss the earnings results. Investors can access the live broadcast and replay via the company’s investor relations page.

Globe Life Inc. (NYSE: GL) will announce its Second Quarter 2021 earnings after market hours on July 21, 2021. The earnings press release and related financial data will be accessible on the company's website. Additionally, a live conference call is scheduled for July 22, 2021 at 11:00 AM Eastern, allowing investors to listen in on the discussion regarding the quarterly performance. Globe Life focuses on life and supplemental health insurance for middle-income Americans through various distribution channels.

AM Best has assigned a Long-Term Issue Credit Rating of 'bbb-' (Good) to Globe Life's newly issued $325 million 4.25% junior subordinated debentures, due June 15, 2061. The outlook for this rating is stable. Globe Life's existing ratings remain unchanged, with financial leverage and interest coverage ratios within AM Best's guidelines. The proceeds will be used to redeem $300 million of current 6.125% subordinated debentures due 2056, enhancing its financial position. Globe Life remains strong in cash flows and liquidity, supporting its corporate cash flow needs.