Globe Life Q2 2022 Earnings Report
Key Takeaways
Globe Life reported a decrease in net income per diluted common share to $1.79, compared to $1.92 in the year-ago quarter. However, net operating income per diluted common share increased to $2.07 from $1.85 in the same period last year. Life and health premiums, along with life net sales, experienced growth in certain divisions.
Net income as an ROE was 9.8% for the six months ended June 30, 2022.
Life premiums increased 8% at the American Income Life Division and 5% at the Liberty National Division over the year-ago quarter.
Total health premiums increased over the year-ago quarter by 8%.
Life net sales increased 16% at the American Income Life Division and 7% at the Liberty National Division 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 $7.90 to $8.30 for the year ending December 31, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income