Jim Cramer Says “Globe Life Represents What I Call Value”

Globe Life Inc. (NYSE:GL) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer noted the company’s valuation, as he commented:

Next, we go back to sleep because the next one’s a financial services company called Globe Life, which sells supplemental health insurance and life insurance products. Used to be known as Torchmark. Stock sells for 10 times earnings. Globe Life represents what I call value. That’s why the stock finished the session up 2% despite the terrible tape. Another one may be to write down? I don’t know, just one to note. How about that?

Globe Life Inc. provides various life and supplemental health insurance products, including whole and term life, Medicare supplements, critical illness coverage, and accidental death protection for middle-income families.

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