Why Globe Life Stock Soared Today
Insurance might seem like a boring sector to bet on, but one company is proving that theory wrong of late. Investors piled into Globe Life (NYSE: GL | GL Price Prediction) today, sending…
Headquartered in Mckinney, TX Fiscal year ends December NYSE: GL home.globelifeinsurance.com
Globe Life Inc. (NYSE: GL) is a financial services holding company that specializes in providing basic protection life insurance and supplemental health insurance products primarily to middle-income Americans. The company operates through several exclusive distribution divisions — American Income Life, Liberty National, Family Heritage, and Direct to Consumer — as well as an independent agency division, United American. Life insurance accounts for approximately 66% of total premium revenue while health insurance represents 34%. The company's business model generates strong, stable cash flows that are not impacted by volatile equity markets. Globe Life maintains a large investment portfolio totaling approximately $20.8 billion, predominantly in investment-grade fixed maturity securities. The company actively returns capital to shareholders through share repurchase programs. Updated
Insurance might seem like a boring sector to bet on, but one company is proving that theory wrong of late. Investors piled into Globe Life (NYSE: GL | GL Price Prediction) today, sending…
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Globe Life Inc. (NYSE: GL) is a financial services holding company that specializes in providing basic protection life insurance and supplemental health insurance products primarily to middle-income Americans.
24/7 Wall St.'s 12-month price target for GL is $191.57, rated Buy. The Wall Street consensus target is $192.91. GL price prediction →