Globe Life Boosts Shareholder Value, Okays Buyback Program [Yahoo! Finance]
Globe Life Inc. (GL)
Last globe life inc. earnings: 4/22 04:10 pm
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Source: Yahoo! Finance
This program replaces the earlier authorization of $1.3 billion, which was announced on April 29, 2024. Backed by a sustained operational performance, Globe Life has maintained a strong liquidity position with sufficient cash-generation capabilities. The parent company began the quarter with liquid assets of approximately $35 million and ended the quarter with approximately $85 million of liquid assets. It expects to conclude 2024 with liquid assets in the range of $50-$60 million, which the company had historically targeted. Globe Life targets a consolidated company action RBC ratio in the range of 300-320%. Globe Life can be considered a shareholder-friendly company as it has been actively increasing shareholders' wealth through an ongoing buyback program that began in 1986. Since then, GL repurchased nearly $10 billion of shares. Strong capital position enables Globe Life to enhance its shareholder value via share buybacks and dividend payouts. For the nine months ended Sept.
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News
- Globe Life (GL) Is Recovering From Fraud Allegations [Yahoo! Finance]Yahoo! Finance
- Globe Life Announces New Share Repurchase Authorization [Yahoo! Finance]Yahoo! Finance
- Globe Life Announces New Share Repurchase AuthorizationPR Newswire
- Globe Life's (NYSE:GL) investors will be pleased with their 21% return over the last three years [Yahoo! Finance]Yahoo! Finance
- GLOBE LIFE INC. DECLARES DIVIDENDPR Newswire
GL
Earnings
- 10/23/24 - Beat
GL
Sec Filings
- 11/19/24 - Form 8-K
- 11/19/24 - Form 4
- 11/15/24 - Form 8-K
- GL's page on the SEC website