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. (GL) will announce its Third Quarter 2022 earnings post-market on October 26, 2022. The earnings press release and financial details will be accessible via their website. A live conference call is scheduled for October 27, 2022, at 11:00 AM ET. Investors can listen online or via phone at 1-786-697-3501 (Passcode: Globe Life Inc.). Globe Life specializes in life and supplemental health insurance targeting middle-income Americans, using various distribution channels.
Globe Life Inc. (NYSE: GL) has declared a quarterly dividend of $.2075 per share, payable to shareholders of record as of October 7, 2022. The payment date is set for November 1, 2022. The company specializes in life and supplemental health insurance for middle-income Americans, utilizing various distribution channels including direct to consumer and agencies.
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.
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