Globe Life Q1 2021 Earnings Report
Key Takeaways
Globe Life reported a rise in net income per diluted share to $1.70, compared to $1.52 in the previous year's quarter. However, net operating income per diluted share decreased to $1.53 from $1.73 in the same period last year. The company saw growth in life and health premiums and an increase in life net sales.
Net income was $1.70 per diluted common share, up from $1.52 year-over-year.
Net operating income was $1.53 per diluted common share, down from $1.73 year-over-year.
Life premiums increased by 11% at both the American Income Life Division and the Direct to Consumer Division.
Health premiums increased by 8% at the Family Heritage Division.
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 $7.21 to $7.51 for the year ending December 31, 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income