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 announced the promotions of Frank Svoboda to Senior Executive Vice President and Chief Financial Officer and Matt Darden to Senior Executive Vice President and Chief Strategy Officer. The promotions reflect their significant contributions to the company over recent years, according to Co-Chairmen Gary Coleman and Larry Hutchison. Globe Life specializes in life and supplemental health insurance for middle-income families, utilizing various distribution channels, including direct-to-consumer sales and agency partnerships.
Globe Life Inc. (NYSE: GL) reported Q1 2022 results showing a net income of $1.64 per diluted share, down from $1.70 in Q1 2021. However, net operating income increased to $1.70 per diluted share from $1.53. Life premiums rose by 10% and health premiums by 8% compared to the previous year. The company repurchased 880,061 shares, costing $89 million. Notably, COVID-19 claims were around $46 million for the quarter, with an anticipated full-year expense of $71 million. The expected net operating income for 2022 is revised to $7.85-$8.25, lower than prior forecasts due to COVID obligations.
Globe Life Inc. (NYSE: GL) will announce its First Quarter 2022 earnings after the market closes on April 20, 2022. Investors can access the earnings press release and additional financial data on the company’s website. A conference call will be held on April 21, 2022, at 11:00 AM Eastern, where the company will discuss the financial results. Globe Life specializes in life and supplemental health insurance targeting middle-income Americans through various distribution channels.
Globe Life Inc. (NYSE: GL) will announce its First Quarter 2022 earnings on April 20, 2022, after market close. The financial details will be accessible on their investor relations website. Following this, a conference call is scheduled for April 21, 2022, at 11:00 a.m. Eastern, allowing stakeholders to discuss the earnings results. Globe Life specializes in life and supplemental health insurance catered to middle-income Americans, using various distribution channels.
Globe Life Inc. (NYSE: GL) has announced an increase in its quarterly dividend to $.2075 per share, applicable to all outstanding common stock. Shareholders on record as of April 4, 2022 will receive this dividend on April 29, 2022. Globe Life specializes in life and supplemental health insurance aimed at middle-income Americans, utilizing diverse distribution channels, including direct-to-consumer and agency sales.
Globe Life Inc. (NYSE: GL) announced that its Co-CEOs Gary Coleman and Larry Hutchison, along with CFO Frank Svoboda, will present at the Bank of America Securities 2022 Virtual Insurance Conference on February 15, 2022, at 11:45 am ET. The presentation will cover the company's focus on life and supplemental health insurance for middle-income Americans.
Live webcasts can be accessed through Globe Life's investor relations page or the Bank of America's event link.
Globe Life Inc. (NYSE: GL) reported Q4 2021 net income of $1.76 per diluted share, down from $1.93 year-over-year. Net operating income also decreased to $1.70 from $1.74. For the full year, net income rose to $7.22 from $6.82 per share, while net operating income slightly declined to $6.86 from $6.88. Total life premiums grew 8% year-over-year, with the American Income Life Division leading at 11% growth. COVID-19 claims reached approximately $140 million for 2021, influencing projections of elevated claim costs in 2022. The company anticipates net operating income per share between $8.00 to $8.50 for 2022.
Globe Life Inc. (NYSE: GL) is set to release its Fourth Quarter 2021 earnings on February 2, 2022, after market close. Investors can find the earnings press release and financial information on the company's website. A live conference call will follow on February 3, 2022, at 11:00 AM Eastern to discuss the results. Globe Life focuses on life and supplemental health insurance for middle-income Americans, utilizing various distribution channels including direct-to-consumer sales and agency partnerships.
On November 4, 2021, Globe Life Inc. (NYSE: GL) declared a quarterly dividend of $0.1975 per share, payable on February 1, 2022 to shareholders on record by January 7, 2022. The company also appointed two new Board members: Mark A. Blinn, former CEO of Flowserve Corporation, and James P. Brannen, former CEO of FBL Financial Group Inc. Both bring extensive experience in finance, operations, and corporate governance to the Board, enhancing the company's strategic oversight.
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