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With a market cap of $11.3 billion, Globe Life Inc. (GL) provides life insurance, supplemental health insurance, and annuity products primarily to lower middle- and middle-income families. It operates through Life Insurance, Supplemental Health Insurance, and Investment segments, distributing its products via direct-to-consumer channels, exclusive agencies, and independent agents.
Shares of the life and health insurance company have outperformed the broader market over the past 52 weeks. GL stock has increased 16.1% over this time, while the broader S&P 500 Index ($SPX) has rallied 14.4%. Moreover, the stock is up 1.5% on a YTD basis, compared to SPX’s 1.4% gain.
