Globe Life Inc. Bermuda reinsurance affiliate has been formed and licensed as a Bermuda Class C Insurer

Core Viewpoint - Globe Life Inc. has established Globe Life Re Ltd. as a Bermuda Class C Insurer to provide reinsurance support for its affiliated insurance business [1][2]. Group 1: Company Formation and Operations - Globe Life Re Ltd. will engage in affiliated quota share reinsurance, assuming a proportional share of risk on specified insurance policies, with all transactions conducted at arm's length and under regulatory oversight [2]. - The first reinsurance transaction has been successfully executed in line with the company's business plan [2]. Group 2: Company Overview - Globe Life is headquartered in McKinney, Texas, employing over 16,000 insurance agents and 3,600 corporate employees [3]. - The company issues more life insurance policies and has more policyholders than any other life insurance company in the United States, with over 17 million policies in force [3]. - Globe Life's subsidiaries include 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 [3].