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) will announce its First Quarter 2021 earnings on April 21, 2021, after market close. The earnings report and detailed financial data will be accessible on the company's website. A live conference call to discuss the results is scheduled for April 22, 2021, at 11:00 a.m. Eastern. Globe Life Inc. focuses on life and supplemental health insurance targeted at middle-income Americans, utilizing various distribution channels for marketing.
Globe Life Inc. (NYSE: GL) is set to release its First Quarter 2021 earnings on April 21, 2021, post-market close. Investors can access the earnings press release and financial details on the company's website. A conference call to discuss these earnings will occur on April 22, 2021, at 11:00 am Eastern. Globe Life specializes in life and supplemental health insurance for middle-income Americans via various distribution channels, including direct-to-consumer and agency models.
Globe Life Inc. (NYSE: GL) has announced an increase in its quarterly dividend to $.1975 per share, applicable to all outstanding common stock as of the close of business on April 5, 2021. The dividend payment is scheduled for April 30, 2021. This decision reflects the company's commitment to providing value to its shareholders while maintaining its position in the life and supplemental health insurance market for middle-income Americans.
On March 15, 2021, Globe Life announced a $50,000 donation to sponsor the Globe Life Garden at Community Garden Kitchen (CGK) in McKinney, Texas. This initiative aims to support CGK's mission to provide freshly cooked meals to those in need without paperwork or questions. The 4,400-square-foot kitchen is set to open this spring, and the garden will also serve educational purposes, teaching gardening skills. Globe Life emphasizes its commitment to community welfare through this partnership, benefiting both the kitchen's operational needs and local food security.
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 2021 Virtual Insurance Conference on February 10, 2021, starting at 8:10 am ET. The presentation will be accessible via live webcast on the company's investor relations website. Globe Life specializes in life and supplemental health insurance targeting middle-income Americans through various distribution channels.
Globe Life Inc. (NYSE: GL) reported Q4 2020 net income of $1.93 per diluted share, up from $1.69 year-over-year, while net operating income was $1.74 per share, increasing from $1.70. Full-year net income was $6.82 per share, slightly down from $6.83. Life premiums saw a 10% increase in the American Income Life Division and 7% in Direct to Consumer. However, the company incurred $27 million in COVID-related life claims during Q4. Projected net operating income for 2021 is between $7.16 and $7.56 per share, reflecting anticipated future claims due to COVID-19.
Globe Life Inc. (NYSE: GL) will release its Fourth Quarter 2020 earnings after market close on February 2, 2021. Investors can access the earnings press release and financial information on its website. Additionally, a live conference call is scheduled for February 3, 2021, at 11:00 a.m. Eastern, for discussing the earnings results. Globe Life specializes in life and supplemental health insurance targeting middle-income Americans and operates through various distribution channels.
Globe Life Inc. (GL) will release its Fourth Quarter 2020 earnings after market close on February 2, 2021. The earnings report will provide comprehensive financial data and statistics for the quarter. Following the release, a conference call will be held on February 3, 2021, at 11:00 AM Eastern, allowing investors to listen live via the company's investor relations website. This event aims to inform stakeholders about the company's financial performance targeting middle-income Americans through various marketing channels.
Globe Life Inc. (NYSE: GL) has declared a quarterly dividend of $.1875 per share on its common stock. The dividend, applicable to shareholders as of the close on January 8, 2021, is set to be paid on February 1, 2021. This announcement reflects the company's ongoing commitment to shareholder returns and highlights its operations in life and supplemental health insurance, targeting middle-income Americans through various distribution channels.
Globe Life Inc. (NYSE: GL) reported Q3 2020 results, showing a net income of $1.76 per diluted share, down from $1.82 YoY. Net operating income rose to $1.75 per share, compared to $1.73 last year. Life premiums surged by 9% in the American Income Life Division and 8% in Direct to Consumer, while health premiums increased by 8%. COVID-19 claims are projected at $56 million for the year. The company repurchased 1.4 million shares during the quarter, and it anticipates net operating income per share between $6.84 and $7.00 for 2020, with a 2021 projection of $7.30 to $7.80.
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