Globe Life Announces New Share Repurchase Authorization

Globe Life Inc. (NYSE: GL) has announced a new authorization to repurchase up to $2.5 billion of common stock, effective August 15, 2026. This decision, made during the company's regular quarterly board meeting on August 5, 2026, replaces any previous authorizations.

Matt Darden, Co-Chairman and Chief Executive Officer of Globe Life, stated, "This authorization reflects the Board's enduring confidence in Globe Life's ability to create long-term value. Our insurance operations have consistently generated reliable free cash flow for the parent company across varying economic environments. Since launching our repurchase program in 1986, we have returned nearly $11.5 billion to shareholders through buybacks."

Co-Chairman and Chief Executive Officer Frank Svoboda added, "Our capital allocation strategy remains disciplined and consistent. We prioritize the full funding of our insurance operations' growth before deploying excess capital. In the absence of more accretive investment opportunities, and subject to prevailing market conditions, we expect to continue returning capital to shareholders through share repurchases, in keeping with our commitment to maximizing long-term shareholder value."

Globe Life Inc. specializes in life and supplemental health insurance targeting the middle-income market, distributed through various channels, including direct-to-consumer models and both exclusive and independent agencies.