Globe Life Announces New Share Repurchase Authorization
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) ha annunciato una nuova autorizzazione per il riacquisto di azioni da 1,8 miliardi di dollari, che sostituisce l'autorizzazione precedente di 1,3 miliardi di dollari risalente ad aprile 2024. L'azienda ha riacquistato circa 10 miliardi di dollari di azioni ordinarie dal 1986. La direzione ha sottolineato l'affidabilità del proprio modello di business nel generare flussi di cassa liberi indipendentemente dalle condizioni economiche e ha ribadito il proprio impegno nel restituire capitale in eccesso agli azionisti attraverso riacquisti costanti utilizzando i flussi di cassa in eccesso della società madre, a meno che non emergano utilizzi più vantaggiosi per gli azionisti.
Globe Life (NYSE:GL) anunció una nueva autorización de recompra de acciones de 1.8 mil millones de dólares, reemplazando la autorización anterior de 1.3 mil millones de dólares de abril de 2024. La compañía ha recomprado aproximadamente 10 mil millones de dólares en acciones ordinarias desde 1986. La dirección enfatizó la fiabilidad de su modelo de negocio en la generación de flujo de caja libre, sin importar las condiciones económicas, y reafirmó su compromiso de devolver capital en exceso a los accionistas a través de recompras constantes utilizando los flujos de caja en exceso de la empresa matriz, a menos que surjan usos más beneficiosos para los accionistas.
글로브 라이프 (NYSE:GL)는 18억 달러 규모의 자사주 매입 승인을 발표하며, 2024년 4월의 13억 달러 승인 대신 새로운 승인을 내놓았습니다. 이 회사는 1986년 이후로 약 100억 달러의 보통주를 매입했습니다. 경영진은 경제적 조건에 관계없이 자유 현금 흐름을 생성하는 비즈니스 모델의 신뢰성을 강조하고, 주주에게 잉여 자본을 꾸준히 반환하는 데 대한 약속을 재확인했습니다. 이는 모회사에서 발생하는 잉여 현금 흐름을 활용한 지속적인 자사주 매입을 통해 이루어질 예정이며, 주주에게 더 유익한 사용처가 나타날 경우 제외됩니다.
Globe Life (NYSE:GL) a annoncé une nouvelle autorisation de rachat d'actions de 1,8 milliard de dollars, remplaçant l'autorisation précédente de 1,3 milliard de dollars d'avril 2024. L'entreprise a racheté environ 10 milliards de dollars d'actions ordinaires depuis 1986. La direction a souligné la fiabilité de son modèle commercial pour générer des flux de trésorerie disponibles, quelles que soient les conditions économiques, et a réaffirmé son engagement à retourner le capital excédentaire aux actionnaires par des rachats constants en utilisant les flux de trésorerie excédentaires de la société mère, sauf si des utilisations plus bénéfiques pour les actionnaires apparaissent.
Globe Life (NYSE:GL) hat eine neue Genehmigung zum Rückkauf von Aktien über 1,8 Milliarden Dollar bekanntgegeben, die die vorherige Genehmigung von 1,3 Milliarden Dollar aus April 2024 ersetzt. Das Unternehmen hat seit 1986 etwa 10 Milliarden Dollar an Stammaktien zurückgekauft. Die Geschäftsleitung betonte die Zuverlässigkeit ihres Geschäftsmodells bei der Generierung von自由现金流 unabhängig von wirtschaftlichen Bedingungen und bekräftigte ihr Engagement, überschüssiges Kapital durch konsequente Rückkäufe an die Aktionäre zurückzugeben, es sei denn, es ergeben sich vorteilhaftere Verwendungsmöglichkeiten für die Aktionäre.
- New $1.8 billion share repurchase authorization, up from previous $1.3 billion
- Consistent track record of share repurchases totaling $10 billion since 1986
- Strong free cash flow generation regardless of macroeconomic conditions
- None.
Insights
The $1.8 billion share repurchase authorization represents a significant
The company's track record of
"We are pleased to announce this new authorization, which demonstrates the Board's well-founded confidence in our business model. Our insurance operations have always been a dependable source of free cash for the parent company, regardless of macroeconomic conditions. Since the onset of our share repurchase program in 1986, we have repurchased approximately
Frank Svoboda, Co-Chief Executive Officer added, "We will continue to conduct the buyback program in the same manner as we have historically, utilizing our parent company excess cash flows to repurchase shares over the course of each year absent a more beneficial use of the funds for our shareholders. We remain committed to returning excess capital to shareholders to maximize shareholder value."
Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, including direct to consumer and exclusive and independent agencies.
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SOURCE Globe Life Inc.
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