earnings
confidence high
sentiment positive
materiality 0.80
Globe Life Q4 net income $2.88/share, up 17%; FY2024 operating EPS guide $11.30-$11.80
GLOBE LIFE INC.
2023-FY EPS reported
$10.07
revenue$5,447,533,000
- Net income $274.8M ($2.88/diluted share) vs $242.3M ($2.46) YoY; net operating income $267.4M ($2.80) vs $251.3M ($2.55).
- Full-year net operating income surpassed $1.0B for first time; net income $970.8M ($10.07) vs $894.4M ($9.04) YoY.
- Life net sales +3%, health net sales +21%; American Income life net sales +9%, agent count +20%.
- Share repurchase: 660,170 shares at $77M during Q4; 3.4M shares at $380M in FY2023.
- FY2024 net operating income guidance $11.30-$11.80 per diluted share, up from FY2023 $10.65.