Globe Life Q1 2024 Earnings Report
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%.
Globe Life
Globe Life
Globe Life 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