Globe Life Inc. Expands Presence with Dual Listing on NYSE Texas

Globe Life Inc. Expands Market Presence

In an exciting development for investors and stakeholders, Globe Life Inc., a major insurer based in McKinney, Texas, has announced a dual listing of its common stock on the recently launched NYSE Texas. This new exchange, located in Dallas, empowers electronic trading and aims to enhance the efficiency of equity transactions.

As Globe Life continues to maintain its primary listing on the New York Stock Exchange, it will also trade under the same ticker symbol, 'GL', on NYSE Texas. This strategic move not only reflects the company's growth ambitions but also solidifies its connections within its home state of Texas.

Frank Svoboda, Co-Chairman and CEO of Globe Life, stated, "The decision to dual list on NYSE Texas strengthens our commitment to the communities that are a part of the great state of Texas, which is home to Globe Life headquarters." He emphasized the importance of the existing relationship with the New York Stock Exchange, which has been critical to the company’s financial stability and operational success.

Chris Taylor, Chief Development Officer of NYSE Group, expressed enthusiasm for Globe Life's joining the new exchange as a Founding Member. He commented, "As a key insurance provider in the Lone Star state, we are excited to welcome Globe Life to NYSE Texas."

Founded in the heart of Texas, Globe Life prides itself on being a leading player in the life insurance market. With over 17 million policies currently in force, the company is recognized for issuing more life insurance policies than any other company in the United States. It operates through various subsidiaries, including American Income Life Insurance Company and Liberty National Life Insurance Company.

Globe Life's commitment to making a difference is encapsulated in its mission statement: 'Make Tomorrow Better.' With a significant workforce of over 16,000 insurance agents and 3,600 corporate employees, the company aims to meet the evolving needs of its policyholders with innovative products and services.

As this dual listing unfolds, industry analysts and investors alike will be watching closely to see how Globe Life leverages this opportunity to broaden its market reach and enhance shareholder value. The dual listing is expected to facilitate easier access to capital and streamline trading processes for investors, boosting overall visibility and credibility in the financial markets.

In conclusion, Globe Life's expansion through the dual listing on NYSE Texas signifies a pivotal moment in the company's journey, reinforcing its dedication to the state of Texas and its commitment to leading the insurance industry. Investors and community members can anticipate more positive developments as this reputable company furthers its endeavors to provide superior financial protection to millions of Americans, thus ensuring a secure tomorrow for countless families.