NYSE:GLInsurance
Globe Life (GL): Assessing Valuation After Q2 Earnings Beat and Major Share Buybacks
Globe Life (GL) just posted second-quarter results that surprised to the upside, mainly thanks to a jump in Life and Health insurance premiums and a lift in underwriting income. Even though investment income came in a bit light and expenses ran higher, the positive impacts more than offset the negatives this time around. Also catching investors’ attention, Globe Life bought back nearly $226 million worth of stock over the quarter, a move that often signals confidence from management and can...