Globe Life Q2 2021 Earnings Report
Key Takeaways
Globe Life Inc. reported a net income of $1.92 per diluted common share for the quarter ended June 30, 2021, compared to $1.62 for the same quarter last year. Net operating income was $1.85 per diluted common share, up from $1.65 in the year-ago quarter. Total life premiums increased by 9%, and health premiums also saw growth.
Net income as an ROE was 9.0% for the six months ended June 30, 2021.
Total life premiums increased 9% over the year-ago quarter, with American Income Life Division up by 13%.
Health premiums increased over the year-ago quarter by 13% at American Income Life Division and 9% at the Family Heritage Division.
Total life net sales increased 19% over the year-ago quarter.
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 $7.34 to $7.54 for the year ending December 31, 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income