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 (NYSE: GL) reported strong Q2 2024 results with net income at $2.83 per diluted share, a 26% increase from $2.24 in the previous year. Net operating income rose to $2.97 per share, up from $2.61. Key divisions showed significant growth: American Income Life saw a 16% rise in life net sales, Liberty National achieved an 11% increase, and Family Heritage reported a 7% increase in health net sales. Total underwriting margin increased by 8%, and net investment income grew by 9%. The company repurchased 3.8 million shares at an average price of $81.87. Guidance for 2024 projects net operating income between $11.80 to $12.10 per diluted share.
Globe Life Inc. (NYSE: GL) has announced its Second Quarter 2024 earnings release and conference call schedule. The company will release its Q2 2024 earnings after market close on Wednesday, July 24, 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, July 25, 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 American Income/National Income Division and its agents raised $106,015 for Convoy of Hope, a nonprofit disaster relief organization. The fundraising effort was in response to the Maui disaster, with the Surace-Smith-Bendure-Hartwig organization contributing the highest agency donation of $11,443. Convoy of Hope used the funds to provide temporary housing, water, food, hygiene supplies, and generators to affected families.
Globe Life (NYSE: GL) is committed to supporting various nonprofit organizations as part of its purpose-driven mission. The company, headquartered in McKinney, TX, has over 15,000 insurance agents and 3,000 corporate employees. Globe Life and its subsidiaries have issued more life insurance policies than any other life insurance company in the country, with over 17 million policies in force.
Globe Life (NYSE: GL) will release its Second Quarter 2024 earnings on July 24, 2024, after market close. Details about the earnings will be available on their website. The company will also host a live conference call on July 25, 2024, at 11:00 AM Eastern, which can be accessed via their website or by dialing 1-786-697-3501 with the passcode 'Globe Life Inc.' Globe Life specializes in life and supplemental health insurance for the middle-income market, distributing through direct channels and various agencies.
Globe Life Inc. (NYSE: GL) declared a quarterly dividend of $.2400 per share on all outstanding common stock, payable on Aug 1, 2024. The company specializes in life and health insurance for the middle-income market.
Globe Life Inc. (NYSE: GL) announced a share repurchase program of up to $1.3 billion for the two-year period ending December 31, 2025. The decision was made during the quarterly board meeting on April 25, 2024. Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market.
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