earnings
confidence high
sentiment positive
materiality 0.80
Globe Life Q3 NOI $3.49, up 29% YoY; guides FY24 $12.20-12.40, FY25 $13.20-13.90
GLOBE LIFE INC.
2024-Q3 EPS reported
$8.93
revenue$4,311,792,000
- Q3 net income $3.44/diluted share vs. $2.68 YoY; net operating income $3.49 vs. $2.71 YoY (19% increase).
- Insurance underwriting income $387M (+19% YoY); premium revenue $1.173B (+5%).
- Life net sales +10%, health net sales +8%; American Income life net sales +19%.
- Repurchased 5.8M shares at avg. $100.34, total $580M in Q3.
- FY24 NOI guidance $12.20-$12.40; FY25 NOI guidance $13.20-$13.90 (midpoint ~9% growth).