earnings
confidence high
sentiment positive
materiality 0.75
Globe Life Q2 operating income $2.61/sh (+3% YoY); guides FY23 $10.37-$10.57/sh
GLOBE LIFE INC.
2023-Q2 EPS reported
$4.52
revenue$2,647,724,000
- Net income $2.24/sh ($215.3M), down from $2.26/sh; net operating income $2.61/sh ($251.5M), up 3% from $2.54/sh.
- Total premium $1.11B (+3% YoY); life premium $781.7M (+3%), health premium $329.2M (+3%).
- Liberty National life net sales +21%, health net sales +18%; Family Heritage health net sales +19%; combined exclusive agent count >15,000.
- Repurchased 778,328 shares for $83M at avg $107.26; FY 2023 guidance: operating EPS $10.37-$10.57.
- Excess investment income $31.4M, up 30% YoY; net investment income $261.2M, up 7%.