Globe Life Q1 2020 Earnings Report
Key Takeaways
Globe Life Inc. reported a net income of $1.52 per diluted common share for the quarter ended March 31, 2020, compared to $1.65 per diluted common share for the same quarter last year. Net operating income for the quarter was $1.73 per diluted common share, up from $1.64 per diluted common share in the year-ago quarter.
Net income as an ROE was 9.6%.
Net operating income as an ROE excluding net unrealized gains on fixed maturities was 14.1%.
Life underwriting margin at the American Income Life Division increased over the year-ago quarter by 7%.
Health underwriting margin at the Family Heritage Division increased over the year-ago quarter by 11%.
Globe Life
Globe Life
Globe Life Revenue by Segment
Forward Guidance
Globe Life projects that net operating income per share will be in the range of $6.65 to $7.15 for the year ending December 31, 2020. The reduction in our earnings guidance, as well as the wider range, reflects the impact of COVID-19 on our operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income