Globe Life Q1 net income $2.28/diluted share vs $2.37 YoY; operating income $2.53, up 4%

GLOBE LIFE INC.

2023-Q1 EPS reported $2.28 revenue$1,321,318,000

Net income $2.28/diluted share vs $2.37 YoY; net operating income $2.53 vs $2.43 (+4%).
Life premiums $772.6M (+3%), health premiums $322.5M (+2%); health net sales +17%.
Repurchased 1.2M shares at avg $115.04, total cost $135M.
FY2023 net operating income guidance $10.28-$10.52 per diluted share.
Adopted LDTI, restated prior periods; recorded credit loss on Signature Bank; $38.6M First Republic exposure.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GLOBE LIFE INC. reported the quarter ended March 31, 2023 results: revenue $1,095,090, net income $223,610, EPS $2.28 per diluted common share.

Period: the quarter ended March 31, 2023
Revenue: $1,095,090
Net income: $223,610
EPS: $2.28 per diluted common share
Result: reported results

Exact text from the filing

and 2022: Insurance Premium Revenue Quarter Ended March 31, 2023 March 31, 2022 % Chg. Life insurance $ 772,597 $ 749,128 3 Health insurance 322,493 315,684 2 Annuity — — Total $ 1,095,090 $ 1,064,812 3 3 GL Q1 2023 Earnings Release GLOBE LIFE INC. Earnings Release—Q1 2023 ( Dollar amounts in thousands, except share and per share data) (Unaudited) INSURANCE

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Source: SEC EDGAR

accession 0000320335-23-000027

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