In 2006, TMK began moving its headquarters from Birmingham, AL to McKinney, TX.
In 1994, TMK acquired American Income Life Insurance Company;
In 1998, TMK spun off Waddell and Reed Financial, a mutual fund subsidiary.
In 2010, TMK sold United Investors Life Insurance Company (UIL) to Protective Life Corporation
In 2012, TMK acquired Family Heritage Life Insurance Company of America (FHL). It was renamed Globe Life Family Heritage Division in 2019.
On February 5, 2014, Torchmark’s subsidiary Globe Life purchased the naming rights of Globe Life Park in Arlington, formerly Rangers Ballpark in Arlington, the home of Major League Baseball’s Texas Rangers Baseball Club located in Arlington, TX.[12]
In August 2001, a mutual fund company filed a civil racketeering suit against Torchmark Corp., which accused Torchmark Corp. and its former chief executive of scheming to continue control over Waddell & Reed Financial Inc. after Torchmark spun it off in 1998.[13] However, in a series of orders dated February 20, 2003, August 20, 2004, and September 28, 2004, the United States District Court for the Northern District of Kansas later granted summary judgment against plaintiff Waddell & Reed and in favor of Torchmark and the other defendants named in the action.[14]
On August 8, 2019, Torchmark Corporation was renamed to Globe Life and its ticker symbol changed from “TMK” to “GL”
Globe Life is a financial services holding company listed on the New York Stock Exchange (GL) which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.
Globe Life Inc. is a holding company specializing in life and supplemental health insurance for “middle income” Americans marketed through multiple distribution channels including direct to consumer and exclusive and independent agencies.
This news was shared to Prittle Prattle News via press release.
By PR Newswire
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