Globe Life Inc. Expands Texas Footprint with NYSE Texas Dual Listing

Globe Life Inc. announces dual listing on NYSE Texas, complementing its primary NYSE listing. The company will continue trading under the ticker symbol "GL" on both exchanges. This strategic move underscores Globe Life's commitment to its Texas roots. Globe Life's insurance subsidiaries serve over 17 million policyholders across the nation.

Globe Life Inc. (NYSE: GL) has announced a strategic move by dual listing its common stock on NYSE Texas, complementing its primary listing on the New York Stock Exchange (NYSE). The company will maintain the same ticker symbol, "GL," on both exchanges. This decision underscores Globe Life's commitment to its Texas roots and the state's growing financial landscape.

"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."

NYSE Group welcomed Globe Life as a Founding Member of NYSE Texas, recognizing the company's significant presence as an insurance provider in the state. The dual listing will provide investors with additional trading options while reinforcing Globe Life's commitment to Texas.

Globe Life, headquartered in McKinney, Texas, has over 16,000 insurance agents and 3,600 corporate employees. With a mission to "Make Tomorrow Better," the company issues more life insurance policies and has more policyholders than any other life insurance company in the country, with over 17 million policies in force (excluding reinsurance companies; as reported by S&P Global Market Intelligence 2024) [1].

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.

The dual listing comes as Globe Life has seen increased interest from institutional investors. Citizens Financial Group Inc. (RI) acquired a new position in shares of Globe Life during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Other institutional investors, such as Dimensional Fund Advisors LP, Ameriprise Financial Inc., Northern Trust Corp, GAMMA Investing LLC, and Jacobs Levy Equity Management Inc., have also increased their stakes in the stock [2].

Globe Life's stock has a market capitalization of $11.59 billion. The company's recent quarterly earnings report indicated a slight increase in revenue year-over-year, alongside an earnings per share that exceeded analyst expectations. Globe Life has a debt-to-equity ratio of 0.43, a current ratio of 0.07, and a quick ratio of 0.07. The company's 50-day simple moving average is $124.91, and its 200-day simple moving average is $123.54 [3].

Globe Life has a fifty-two week low of $89.13 and a fifty-two week high of $144.00. The company has a dividend payout ratio (DPR) of 8.63% and recently announced a quarterly dividend of $0.27 per share, to be paid on October 31, 2025. Several research analysts have issued positive ratings and target price increases for the stock [3].

In summary, Globe Life Inc.'s dual listing on NYSE Texas is a strategic move that underscores the company's commitment to its Texas roots and provides investors with additional trading options. The move comes as the company continues to see increased interest from institutional investors.

References:
[1] https://www.morningstar.com/news/pr-newswire/20250814da51271/globe-life-inc-announces-dual-listing-on-nyse-texas
[2] https://www.stocktitan.net/news/GL/globe-life-inc-announces-dual-listing-on-nyse-ksn0pgzuu0yn.html
[3] https://www.marketbeat.com/instant-alerts/filing-citizens-financial-group-inc-ri-makes-new-investment-in-globe-life-inc-nysegl-2025-08-08/