Globe Life Inc., formerly known as Torchmark Corporation, is a financial services holding company based in McKinney, Texas. The company was founded in 1900 as Liberty National Life Insurance Company in Birmingham, Alabama, and later moved its headquarters to Texas. Torchmark Corporation changed its name to Globe Life Inc. in 2019 to reflect its focus on life insurance and other financial products.
Globe Life offers a range of life and supplemental health insurance products for individuals and families. These products include term life insurance, whole life insurance, accidental death insurance, cancer insurance, and other supplemental health products. The company also provides annuities and retirement products such as fixed annuities and Medicare supplement insurance.
Globe Life went public in 1981 and is listed on the New York Stock Exchange (NYSE) under the ticker symbol GL. The company has a market capitalization of over $11 billion as of May 2023. In addition to its headquarters in McKinney, Texas, Globe Life has offices and sales representatives across the United States. The company's subsidiaries include American Income Life, Liberty National Life, and United American Insurance Company.
Globe Life has a long history of financial strength and stability. The company has consistently received high ratings from independent rating agencies, including A.M. Best and Standard & Poor's, for its financial strength and claims-paying ability. In addition, Globe Life has a strong record of customer satisfaction and is known for its commitment to providing affordable, reliable insurance products to its policyholders. The company has been recognized for its excellence in customer service and has received numerous awards for its corporate citizenship and community involvement.