Moody’s rates Globe Life’s senior notes Baa1; stable outlook
New York , May 16, 2022 – Moody's Investors Service ("Moody's") has assigned a Baa1 senior unsecured debt rating to Globe Life Inc.'s ("Globe Life"; NYSE: GL, Baa1 senior debt; stable outlook) anticipated issuance of approximately $400 million senior unsecured notes. The proceeds from the offering w...Globe Life is an insurance holding company. Through its wholly-owned subsidiaries, the company provides a variety of life and supplemental health insurance products and annuities to customers. The company's segments are: life insurance, which writes a variety of nonparticipating ordinary life insurance products including whole-life, term life, and other life insurance; health insurance, which provides Medicare Supplement and limited-benefit supplemental health insurance products that include primarily critical illness and accident plans; annuities, which include single-premium and flexible-premium deferred annuities; and investments, which consist primarily of investment-grade securities.
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