Globe Life execs say internal audit cleared it of fraud, improper life sales
July 29, 2024 by John Hilton
Main takeaway: Globe Life executives sought to put myriad allegations of fraud and agent misconduct in the rearview by announcing that an audit found no wrongdoing.
If co-CEOs Frank Svoboda and J. Matt Darden hoped that a statement read at the beginning of today’s second-quarter earnings call would put the issue to sleep, they were wrong.
Nearly every analyst peppered the CEOs with questions about the allegations and the internal audit, conducted with assistance from international law firm WilmerHale. Globe Life announced the audit during the first-quarter earnings call.
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