Globe Life Inc. (GL)
Globe Life Inc. operates in the Insurance - Life industry of the Financial Services sector, headquartered in McKinney, TX, US. The stock last traded at $174.68, down 1.05% on the session, giving a market capitalisation of $13.56B. On trailing twelve-month figures it carries a trailing P/E of 11.48, a net margin of 19.6%. Its beta of 0.47 implies it has historically moved less than the broad market.
Globe Life Inc. delivers diverse life insurance and supplementary health coverage, alongside annuity products, targeting households in the lower-middle to middle-income brackets throughout the United States. The company's operations are structured into four key segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. Its offerings encompass whole life, term life, and other life protection plans; supplemental health benefits like Medicare supplements, critical illness, and accident policies; and both single-premium and flexible-premium deferred annuities. Founded in 1979 and headquartered in McKinney, Texas, the enterprise rebranded from Torchmark Corporation to Globe Life Inc. in August 2019.
Globe Life Inc. is most often compared with the following Financial Services names: