earnings
confidence high
sentiment positive
materiality 0.80
Globe Life Q3 net income $2.68/diluted, up 38% YoY; net operating income $2.71
GLOBE LIFE INC.
2023-Q3 EPS reported
$7.20
revenue$4,031,842,000
- Net income per diluted share $2.68 vs $1.94 YoY; net operating income $2.71 vs $2.19.
- Total premium revenue $1.12B, up 4%; life underwriting margin $300M (+21%), health margin $97M (-4%).
- American Income life net sales +6%, Liberty National life +31%, Family Heritage health +15%.
- Repurchased 754k shares for $84M at avg $111.52 during the quarter.
- FY2023 net operating income guidance $10.49-$10.65/share; FY2024 initial guidance $11.00-$11.60.