Globe Life Q4 net income $2.14 per share, up 22% YoY; FY 2023 guidance $10.20-$10.50

GLOBE LIFE INC.

2022-FY EPS reported $7.47 revenue$5,214,906,000

Net income per share $2.14 (Q4 2022) vs $1.76 a year ago; net operating income $2.24 vs $1.70.
Insurance underwriting income per share $2.21, up 41% from $1.57, driven by lower COVID claims ($5M vs $58M).
Life premiums +3% to $753.7M; health premiums +4% to $323.9M; health net sales -3%; life net sales -2%.
Share repurchases in Q4: 489,708 shares at $115.01 avg cost, total $56M.
FY 2023 net operating income guidance $10.20-$10.50 per share; impact from new long-duration accounting standard adds $105M-$115M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GLOBE LIFE INC. reported for the quarter ended December 31, 2022 results: net income $2.14 per diluted common share, EPS $2.14 per diluted common share.

Period: for the quarter ended December 31, 2022
Net income: $2.14 per diluted common share
EPS: $2.14 per diluted common share
Result: reported results

Exact text from the filing

Globe Life Inc. (NYSE: GL) reported today that for the quarter ended December 31, 2022, net income was $2.14 per diluted common share, compared with $1.76 per diluted common share for the year-ago quarter.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GLOBE LIFE INC. reported for the year ended December 31, 2022 results: net income $7.47 per diluted common share, EPS $7.47 per diluted common share.

Period: for the year ended December 31, 2022
Net income: $7.47 per diluted common share
EPS: $7.47 per diluted common share
Result: reported results

Exact text from the filing

Net income for the year ended December 31, 2022 was $7.47 per diluted common share, compared with $7.22 per diluted common share for the year-ago period.

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Source: SEC EDGAR

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