earnings
confidence high
sentiment positive
materiality 0.75
Globe Life Q3 net operating income $2.15/sh, +21% YoY; issues 2023 guidance
GLOBE LIFE INC.
2022-Q3 EPS reported
$5.33
revenue$3,892,237,000
- Net operating income per diluted share $2.15 vs $1.78 in Q3 2021, up 21%.
- Life premiums up 4% YoY; health premiums up 7%. COVID claims minimal vs $33M last year.
- 563,574 shares repurchased at $99.43 avg., total cost $56M.
- FY 2022 net operating income EPS guidance $8.00-$8.20; FY 2023 guidance $9.00-$9.70.
- New accounting guidance expected to add $105M-$130M net operating income in 2023.