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Notable Developments
1951: Received an A+ by the BBB as well as the NAIC.
1972: Globe Life formed an ESD (employee services division) to offer supplemental life and health insurance to federal employees.
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2001: A mutual fund company filed a racketeering suit against Torchmark, which accused Torchmark and its former chief executive of scheming to gain complete control of Waddel & Reed, a mutual fund subsidiary under Torchmark. Ultimately, the case was settled in favor of Torchmark.
2014: Globe Life includes their acquisition of naming rights to Arlington’s stadium in 2014, home of the Texas Ranger’s Major League Baseball team, expiring in 2023.
2019: Globe Life became the official insurance company for the Dallas Cowboys in 2019.
2019: Torchmark was renamed to ‘Globe Life’, not to be confused with its subsidiary, Globe Life and Accident Insurance. The Shareholder symbol was changed from ‘TMK’ to ‘GL’.
2020: NAIC rating would change from A+ to A.
