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McKinney, Texas-based Globe Life Inc. (GL) provides various life and supplemental health insurance products, and annuities to lower-middle and middle-income families. With a market cap of $8.8 billion, Globe Life operates through the Life Insurance, Supplemental Health Insurance, Annuities, and Investments segments.
The insurance major has substantially underperformed the broader market over the past year. Over the past 52 weeks, GL stock dipped 13.5% compared to the S&P 500 Index’s ($SPX) 27.8% returns. In 2024 alone, GL is down 19.9% versus SPX’s 17.8% gains on a YTD basis.
