| Market Capitalization (Millions $) |
13,993 |
| Shares
Outstanding (Millions) |
80 |
| Employees |
3,695 |
| Revenues (TTM) (Millions $) |
6,074 |
| Net Income (TTM) (Millions $) |
1,177 |
| Cash Flow (TTM) (Millions $) |
23 |
| Capital Exp. (TTM) (Millions $) |
156 |
Business Description
Company Profile: Globe Life Inc.
Overview:
Globe Life Inc. is a prominent financial services company based in McKinney, Texas, specializing in life insurance, supplemental health insurance, and annuity products across the United States. Established in 1951, Globe Life has dedicated itself to providing affordable life insurance solutions for families for over six decades.
Headquarters:
McKinney, Texas, USA
Founded:
1951
Key Product Offerings:
1. Life Insurance:
- Term Life Insurance: Globe Lifes most extensive product line, offering coverage for specified terms typically ranging from 10 to 30 years.
- Whole Life Insurance: Permanent life insurance that provides lifelong coverage with cash value accumulation.
- Accidental Death Insurance: Offers financial protection in the event of accidental death.
2. Supplemental Health Insurance:
- Products such as cancer, heart, and accident insurance designed to provide additional financial security in cases of significant health issues or injuries.
3. Annuities:
- Various annuity products aimed at retirement savings, providing guaranteed income for life with options for fixed and variable interest rates, flexible payout plans, and death benefits.
Business Model:
Globe Life utilizes a direct-to-consumer model, allowing customers to purchase insurance policies online, via phone, or through mail. This approach enhances accessibility and convenience, eliminating the need for traditional agents and brokers while ensuring streamlined applications and underwriting processes.
Subsidiaries:
The company operates through several subsidiaries, including:
- Globe Life And Accident Insurance Company
- Liberty National Life Insurance Company
- United American Insurance Company
Financial Performance:
- Market Capitalization: Over $7 billion
- Total Revenues (2020): $5.5 billion
- Net Income (2020): $671 million
- Employees: Over 3,800
Stock Information:
Globe Life Inc. is publicly traded on the New York Stock Exchange under the ticker symbol GL.
Community Engagement:
Globe Life has established a solid reputation for community involvement. Notably, the company holds naming rights to Globe Life Park in Arlington, home to the Texas Rangers baseball team. Additionally, Globe Life supports various charitable organizations, including St. Jude Childrens Research Hospital, the United Way, and the American Heart Association.
Reputation and Commitment:
Globe Life Inc. is recognized for its commitment to customer satisfaction and a straightforward approach to insurance. By offering affordable insurance products directly to consumers, the company has become a trusted choice for families across America.
Conclusion:
With its long history of service, robust product offerings, and dedication to community support, Globe Life Inc. continues to uphold its mission of providing financial security and peace of mind to families throughout the nation.
Company Address: 7677 Henneman Way McKinney 75070 TX
Company Phone Number: 569-4000 Stock Exchange / Ticker: NYSE GL
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