earnings
confidence high
sentiment positive
materiality 0.75
Globe Life Q2 net income $2.83/diluted share vs $2.24; NOI $2.97 vs $2.61; FY NOI guide $11.80-$12.10
GLOBE LIFE INC.
2024-Q2 EPS reported
$5.51
revenue$2,856,385,000
- Net income $258.4M ($2.83 diluted) vs $215.3M ($2.24) in Q2 2023; net operating income $271.2M ($2.97) vs $251.5M ($2.61).
- Premium revenue $1.17B (+5%); insurance underwriting margin $422.6M (+8%) led by life (+8%) and health (+9%).
- Life net sales +10%; health net sales +17%; American Income agent count +13%, Liberty National +16%.
- Repurchased 3.8M shares for $314M at avg $81.87 during quarter.
- Full-year 2024 net operating income guidance $11.80-$12.10 per diluted share.