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Globe Life, based in McKinney, Texas, provides life and health insurance coverage nationwide, and has earned the A (Excellent) Financial Strength Rating as of June 2020. [2] Globe Life and Accident Insurance Company has executive offices in Oklahoma City and McKinney, TX and is a subsidiary of Globe Life .
On April 11, 2024, Globe Life's share price experienced its biggest single-day decline, falling by 53.14% from $104.93 to $49.17. [14] This came after Fuzzy Panda Research, which had taken a short position on the company, alleged that Globe Life committed numerous instances of insurance fraud, allegations which Globe Life rejected. [15]
In 1981, as the United American Insurance Company, the company became a member of Globe Life, a financial services holding company, listed on the New York Stock Exchange NYSE: GL. [1] United American was chartered that year as a result of their business spreading across the United States. First UA wrote its first life insurance policy in 1986.
Co-Chairman & CEO of Globe Life Inc (30-Year Financial, Insider Trades) Gary L Coleman (insider trades) sold 12,000 shares of GL on 03/17/2021 at an average price of $100.96 a share.
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EVP & CFO of Globe Life Inc (30-Year Financial, Insider Trades) Frank M Svoboda (insider trades) sold 15,000 shares of GL on 03/01/2021 at an average price of $95.38 a share.
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