StockNews.AI
GL
StockNews.AI
5 days

Globe Life Inc. Announces Dual Listing on NYSE Texas

1. Globe Life's stock to be dual listed on NYSE Texas. 2. This decision reinforces commitment to Texas communities. 3. Globe Life remains primarily listed on the New York Stock Exchange. 4. Company issues more life insurance policies than any competitor. 5. Over 17 million insurance policies in force, indicating strong market presence.

6m saved
Insight
Article

FAQ

Why Bullish?

The dual listing can enhance liquidity and visibility, akin to past successful dual listings.

How important is it?

Dual listing reflects strategic growth, potentially increasing investor confidence and stock activity.

Why Short Term?

Initial market reactions tend to be immediate, seen with past new exchange listings.

Resources Blog Journalists Client Login Send a Release News Products Contact , /PRNewswire/ -- Globe Life Inc. (NYSE: GL) announced today the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, TX. The Company will maintain its primary listing on the New York Stock Exchange and trade with the same "GL" ticker symbol on NYSE Texas. "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," said Globe Life Co-Chairman and CEO, Frank Svoboda. "We deeply value our relationship with the New York Stock Exchange as it continues to play a fundamental role in our financial strength." "As a key insurance provider in the Lone Star state, we are excited to welcome Globe Life to NYSE Texas as a Founding Member," said Chris Taylor, Chief Development Officer, NYSE Group. About Globe LifeAbout Globe Life: Globe Life (NYSE: GL) is headquartered in McKinney, TX, and has more than 16,000 insurance agents and 3,600 corporate employees. With a mission to Make Tomorrow Better, Globe Life and its subsidiary companies issue more life insurance policies and have more policyholders than any other life insurance company in the country, with more than 17 million policies in force (excluding reinsurance companies; as reported by S&P Global Market Intelligence 2024). Globe Life's insurance subsidiaries include American Income Life Insurance Company, Family Heritage Life Insurance Company of America, Globe Life And Accident Insurance Company, Liberty National Life Insurance Company, and United American Insurance Company. More information is available at GlobeLifeInsurance.com. SOURCE Globe Life Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

Related News