GLOBE LIFE INC.
Globe Life Inc. is an insurance holding company incorporated in Delaware in 1979. Its primary subsidiaries include Globe Life And Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, Family Heritage Life Insurance Company of America, and United American Insurance Company. The company's website is www.globelifeinsurance.com and its ticker symbol is not provided in the text. Globe Life's business includes writing a variety of nonparticipating ordinary life insurance products, such as traditional whole life, term life, and other life insurance. The company also offers Medicare Supplement and limited-benefit supplemental health insurance products, as well as annuity products. Its insurance subsidiaries write a significant portion of their premiums through direct to consumer channels, exclusive agents, and independent agents. The company's life insurance products compete with other insurance carriers, health maintenance organizations, preferred provider organizations, and other health care-related institutions. Globe Life effectively competes due to its ability to operate at lower policy acquisition and administrative expense levels than peer companies, allowing for competitive rates while maintaining higher underwriting margins. Globe Life's health insurance products compete with other health insurance carriers and health care-related institutions. The company offers Medicare Supplement and limited-benefit supplemental health insurance products that supplement existing health coverage. The company's insurance subsidiaries are subject to regulation and supervision in the states in which they do business. Insurance companies are required to file detailed annual reports with supervisory agencies and records of their business are subject to examination at any time. Under the rules of the National Association of Insurance Commissioners (NAIC), insurance companies are examined periodically by one or more of the supervisory agencies. Globe Life's sustainable business practices include reducing its impact on the environment, supporting a diverse workforce, and giving financial and service contributions to programs that provide hands-on assistance in the communities where it operates. The company had 3,636 full-time, part-time, and temporary employees as of December 31, 2023, and over 15,400 independently-contracted insurance agents.