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) has been safeguarding families' futures since its inception in 1900. Renowned for its robust financial condition and commitment to integrity, Globe Life is a leading insurance holding company. The company's core operations are segmented into life insurance, supplemental health insurance, annuities, and investments.
Life Insurance: A significant portion of Globe Life's operations involves offering life insurance policies, making it a trusted provider in the industry with 75% of the company’s insurance underwriting margin for the recent quarter attributed to life insurance.
Supplemental Health Insurance: Globe Life provides a variety of supplemental health insurance products, designed to support customers beyond basic health insurance coverages. This segment accounted for 24% of the underwriting margin for the recent quarter.
Annuities: The company also offers annuities which provide financial security for customers' retirement, adding a vital component to the company's diverse product portfolio.
Investments: Managed by the investment segment, Globe Life's investment activities focus on fixed maturities, ensuring yields and terms that support insurance product obligations. Notably, 97% of these investments are rated 'investment grade,' reflecting strong financial health.
Recently, Globe Life reported commendable financial performance for the quarter ended March 31, 2024, with net income of $2.67 per diluted share. The company's financial stability is underscored by an A+ rating from A.M. Best, based on their analysis of financial strength and management integrity. Additionally, Globe Life is not involved in credit default swaps and maintains a solid, stable cash flow from its operations.
For the year ending December 31, 2024, Globe Life projects net operating income between $11.30 to $11.80 per diluted share, demonstrating its optimistic outlook and strategic financial planning. Key recent achievements include a notable increase in net sales of life insurance by 7% and health insurance by 9% for the first quarter of 2024, showcasing growth in its primary product lines.
Globe Life also remains active in shareholder returns, repurchasing 660,170 shares at a cost of $77 million in the previous quarter, reflecting confidence in the company's valuation and future prospects. The company continues to engage with shareholders through regular updates, as seen in its upcoming earnings release and conference call schedules.
Stay informed on the latest developments and insights by visiting Globe Life's investor relations page at https://investors.globelifeinsurance.com/, where detailed financial reports and other relevant information are readily accessible.
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.
Globe Life Inc. (NYSE: GL) has announced a significant amendment to its delayed draw term loan, effective August 15, 2024. The loan's principal amount has been increased from $170 million to $250 million, representing a substantial 47% increase in available funds. Additionally, the maturity date has been extended by nearly three years, moving from November 10, 2024, to August 15, 2027. This amendment provides Globe Life with enhanced financial flexibility and a longer-term funding solution.
Globe Life Inc. is a holding company that specializes in life and supplemental health insurance for the middle-income market. The company's products are distributed through multiple channels, including direct-to-consumer and exclusive and independent agencies, allowing for broad market reach.
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