Insurer Globe Life falls after Evercore ISI downgrades rating

Shares of life insurer Globe Life GL.N down 1.2% at $138.98 premarket

Evercore ISI downgrades stock to "in-line" from "outperform", maintains PT at $155

With favorable outcomes on the resolution of regulatory risk, improved future free cash flow from its planned use of Bermuda based captive reinsurance, we think there is solid visibility, but not really a great case for further re-rating, brokerage says

On the fundamentals, if the lower end consumer softens, this could turn sales and revenue headwind for GL for life insurance, it adds

Evercore ISI says there is still some turmoil in the health markets more broadly – this could mean more volatility in these results in 2026 and 2027

Nine of 11 brokerages rate stock "buy" or higher, 2 "hold"; median PT is $168.5 — data compiled by LSEG

GL stock rose 25% in 2025