GLOBE LIFE INC. DECLARES DIVIDEND AND ANNOUNCES APPOINTMENT OF TWO NEW BOARD MEMBERS

MCKINNEY, Texas, Feb. 27, 2025 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) announced that its Board of Directors has raised the quarterly dividend to $.2700 per share on all of the outstanding common stock of the Company held of record as of close of business of the Company's transfer agent on April 3, 2025. The dividend will be paid on May 1, 2025.

Globe Life Inc. also announced today that Matthew J. Adams, Retired Senior Partner and U.S. Insurance Practice Leader, PricewaterhouseCoopers LLP, and Philip M. Jacobs, Retired Principal, U.S. Insurance Tax Sector Leader, KPMG US, were appointed as members of Globe Life's Board of Directors on February 26, 2025.

Adams has more than 30 years of experience in senior-level positions at PricewaterhouseCoopers LLP, including time spent as PwC's former U.S. Insurance Practice Leader and leadership roles on several global insurance client accounts. He has an extensive knowledge of nearly all aspects of the insurance industry and possesses significant, practical experience in a number of areas highly valued by the Board, including strategy, operations, profitability, insurance financial reporting, state and federal regulation, and human capital management. He also serves on the Board of Directors of Fidelis Insurance Holdings Ltd. Mr. Adams holds a B.S. in Economics and an M.B.A. from The Wharton School of the University of Pennsylvania.

Jacobs, through his 35+ years in insurance, banking and professional services, with senior roles at KPMG, Barclays, AIG and GE, has gained significant relevant expertise in accounting and taxation in the financial services industry, including in the life insurance sector. As a global tax leader, he offers the Board valuable strategic insights into taxation, accounting and risk management issues. His core competencies also include capital markets, mergers and acquisitions, legal/regulatory issues and crisis readiness. Mr. Jacobs holds a B.A. in History from Princeton University.

Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, including direct to consumer and exclusive and independent agencies. 

SOURCE Globe Life Inc.