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Mar 31, 2023
Globe Life Q1 2023 Earnings Report
Globe Life's financial performance declined slightly in Q1 2023 compared to the previous year, but showed growth in key areas such as life and health net sales in certain divisions.
Key Takeaways
Globe Life Inc. reported a decrease in net income per diluted common share to $2.28, compared to $2.37 in the year-ago quarter. However, net operating income per diluted common share increased to $2.53 from $2.43. The company saw growth in life and health net sales within specific divisions, and repurchased 1.2 million shares of its common stock.
Net income was $2.28 per diluted common share, while net operating income was $2.53 per diluted common share.
Liberty National Division experienced increases in life net sales (27%) and health net sales (14%).
Family Heritage Division saw a rise in health premiums (7%) and health net sales (21%).
The company repurchased 1.2 million shares of its common stock during the quarter.
Globe Life
Globe Life
Globe Life Revenue by Segment
Revenue by Segment
Life Revenue
CapyFin.comHealth Revenue
CapyFin.com Forward Guidance
Globe Life projects net operating income between $10.28 to $10.52 per diluted common share for the year ending December 31, 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income