Globe Life Inc. (NYSE: GL)

Globe Life Inc. is an insurance holding company incorporated in Delaware in 1979 and operates through its subsidiaries to provide life and supplemental health limited benefit insurance products.

The company generates revenue primarily from premium income on its life and health insurance policies and, to a lesser extent, from policy charges on annuity and certain life product account values.

The company operates through the following segments: Direct to Consumer Division, American Income Life Division, Liberty National Division, Family Heritage Division, and United American Division.

• Direct to Consumer Division: offered by Globe Life And Accident Insurance Company based in McKinney Texas provides individual life and supplemental health limited benefit insurance including juvenile and senior life coverage and Medicare Supplement to lower middle income and middle income Americans through nationwide direct to consumer channels such as direct mail electronic media and insert media.

• American Income Life Division: offered by American Income Life Insurance Company based in Waco Texas provides individual life and supplemental health limited benefit insurance marketed to working families with an average of 11920 producing agents in the United States Canada and New Zealand.

• Liberty National Division: offered by Liberty National Life Insurance Company based in McKinney Texas provides life and supplemental health limited benefit insurance distributed through in home and worksite channels with an average of 3846 producing agents in the United States.

• Family Heritage Division: offered by Family Heritage Life Insurance Company of America based in Cleveland Ohio provides supplemental limited benefit health insurance to lower middle income and middle income families with an average of 1527 producing agents in the United States.

• United American Division: offered by United American Insurance Company based in McKinney Texas provides supplemental health Medicare coverage to beneficiaries and to a lesser extent supplemental limited benefit coverage to people under age sixty five with an average of 4396 independent producing agents in the United States.

Globe Life competes with other life and health insurance carriers on price product design service and sales efforts.

No single company dominates any of its life or health insurance markets.

The company maintains a competitive advantage through lower policy acquisition and administrative expense levels which enables it to offer competitive rates while sustaining higher underwriting margins.

Globe Life serves lower middle income and middle income Americans working families and seniors.

Its products include individual life supplemental health limited benefit insurance and Medicare Supplement coverage.