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Jun 30, 2022
Globe Life Q2 2022 Earnings Report
Globe Life's financial performance for Q2 2022 revealed a decrease in net income per diluted common share, but an increase in net operating income per diluted common share, with life and health premiums and sales showing growth in specific divisions.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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