Globe Life Q1 net income $2.67/sh, up 14% YoY; guides FY NOI $11.50-$12.00

GLOBE LIFE INC.

2024-Q1 EPS reported $2.67 revenue$1,416,139,000

Net income $254.2M ($2.67/diluted share) vs $223.6M ($2.28) YoY; net operating income $264.1M ($2.78) vs $248.0M ($2.53).
Total insurance premium revenue $1.145B (+5% YoY); life premiums $804M (+4%), health premiums $341M (+6%).
Underwriting margin $404.7M (+5%); excess investment income $43.8M ($0.46/sh), up 53% on 10% net investment income growth.
FY2024 net operating income guidance $11.50-$12.00/diluted share; full-year share repurchases targeted at $350M-$370M.
American Income life net sales +17%, agent count +15%; Liberty National agent count +14%; Q1 repurchases limited by blackout from dropped acquisition.

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 0.95

GLOBE LIFE INC. reported first quarter 2024 results: net income $2.67 per diluted common share.

Period: first quarter 2024
Net income: $2.67 per diluted common share
Result: reported results

Exact text from the filing

On April 22, 2024 , Globe Life Inc. issued a press release announcing its first quarter 2024 financial results.

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GLOBE LIFE INC. filing history →

Source: SEC EDGAR

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