Globe Life Board Approves New Share Repurchase Authorization
(RTTNews) - Globe Life Inc. (GL) announced a new authorization, effective August 15, 2026, to repurchase up to $2.5 billion of common stock in the future under the company's existing share repurchase program. This authorization was approved by Board during regular quarterly board meeting on August 5, 2026, and replaces any previous authorizations.
Frank Svoboda, CEO, said: "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 pre-market trading on NYSE, Globe Life shares are up 0.92 percent to $185.32.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.