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Mar 31, 2024
Globe Life Q1 2024 Earnings Report
Globe Life's Q1 2024 performance saw increased net income and net operating income compared to the previous year.
Key Takeaways
Globe Life Inc. reported a strong first quarter in 2024, with net income at $2.67 per diluted common share, a 14% increase from the year-ago quarter. Net operating income also rose to $2.78 per diluted common share, a 6% increase year-over-year, driven by growth in life and health insurance sales and premiums across various divisions.
Net income increased 14% and net operating income increased 6% over the year-ago quarter.
American Income Life Division experienced a 17% increase in life net sales and a 7% increase in premiums.
Liberty National Division saw a 14% increase in the average producing agent count and a 7% increase in life premiums.
Family Heritage Division's health net sales increased by 11% and premiums increased by 8%.
Revenue by Segment
Forward Guidance
Globe Life projects net operating income between $11.50 to $12.00 per diluted common share for the year ending December 31, 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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