Globe Life defends business model after short-seller criticism-February 2024-www.financetom.com

Globe Life defends business model after short-seller criticism

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Globe Life defends business model after short-seller criticism

Apr 4, 2024 4:49 AM

April 4 (Reuters) - Globe Life ( GL ) touted its

sustainable earnings growth on Thursday, a day after

short-seller Nate Koppikar described the insurer as an

attractive potential target for shortselling.

"For over 70 years our business model has stood the test of

time," a Globe Life ( GL ) spokesperson said, adding that the articles

Koppikar had referenced in his criticism of the company were

inaccurate and misleading.

The insurer's shares closed almost 1% down on Wednesday.

Short-sellers are investors that bet on a company's share

price falling rather than rising.

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