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Jun 30, 2020
Globe Life Q2 2020 Earnings Report
Globe Life's second quarter net income and net operating income per diluted common share were reported.
Key Takeaways
Globe Life reported a decrease in net income per diluted common share from $1.67 to $1.62 and a decrease in net operating income per diluted common share from $1.67 to $1.65 compared to the year-ago quarter. The company successfully transitioned to a primarily virtual operation due to COVID-19.
Net income as an ROE was 9.4% for the six months ended June 30, 2020.
Life premiums increased over the year-ago quarter by 8% at the Direct to Consumer Division and 7% at the American Income Life Division.
Health premiums increased over the year-ago quarter by 7% at the Family Heritage Division.
Life net sales at the Direct to Consumer Division increased over the year-ago quarter by 43%.
Revenue by Segment
Forward Guidance
Globe Life projects that net operating income per share will be in the range of $6.80 to $7.04 for the year ending December 31, 2020.
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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