Legal UncertaintyThe DOJ has issued a subpoena to the company to investigate some of these allegations, creating significant uncertainty for the shares.
Negative PublicityFuzzy Panda Research published a scathing short selling report on GL, accusing the firm of agent mis-selling practices, insurance fraud, aggressive accounting, a distribution pyramid scheme, and an overall toxic workplace environment.
Regulatory IssuesThe Pennsylvania insurance regulator fined American Income Life for involvement in unfair and deceptive practices.