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MCKINNEY, Texas - The U.S. Attorney’s Office for the Western District of Pennsylvania has closed its investigation into Globe Life Inc. (NYSE:GL) and its subsidiary American Income Life (AIL) without taking enforcement action, the company announced Monday. The insurance giant, which maintains a "GREAT" financial health score according to InvestingPro analysis, has shown resilient performance with its stock trading near its 52-week high of $138.41.
The investigation had focused on sales practices by certain independent sales agents contracted to sell AIL policies. Globe Life and AIL had previously received and responded to subpoenas from the U.S. Attorney’s Office requesting documents related to these practices.
The Department of Justice’s decision to close the investigation means no enforcement action will be taken against either Globe Life or AIL, according to the company’s statement.
Globe Life, headquartered in McKinney, Texas, operates through several insurance subsidiaries including 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 announcement was made in a press release issued by Globe Life Inc.
In other recent news, Globe Life Inc. reported its financial results for the second quarter of 2025, showing mixed outcomes. The company achieved earnings per share (EPS) of $3.27, slightly surpassing the forecast of $3.25. However, revenue fell short of expectations, reaching $1.48 billion compared to the anticipated $1.51 billion. Additionally, CFRA upgraded Globe Life’s stock rating to Buy from Hold, following the conclusion of an SEC investigation into fraud allegations with no enforcement actions taken. This upgrade included a raised price target from $130.00 to $155.00. The favorable resolution of the SEC probe was highlighted as a potential catalyst for further growth in Globe Life’s shares. These developments reflect key recent changes for Globe Life, providing investors with updated insights into the company’s financial and regulatory standing.
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