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Mar 31, 2020
Globe Life Q1 2020 Earnings Report
Globe Life reported a decrease in net income per diluted common share and an increase in net operating income per diluted common share for the quarter ended March 31, 2020.
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%.
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
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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