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Jun 30, 2023
Globe Life Q2 2023 Earnings Report
Globe Life's Q2 2023 results reflected a slight decrease in net income per share but growth in key areas like net investment income and agent count.
Key Takeaways
Globe Life Inc. reported a net income of $2.24 per diluted common share for the quarter ended June 30, 2023, compared to $2.26 in the previous year. Net operating income increased to $2.61 per diluted common share from $2.54 in the year-ago quarter. The combined average agent count for the three exclusive agencies surpassed 15,000 for the first time.
Net income was $2.24 per diluted common share.
Net operating income was $2.61 per diluted common share.
Life and health net sales increased at the Liberty National Division by 21% and 18%, respectively.
Health net sales increased 19% at the Family Heritage Division.
Revenue by Segment
Forward Guidance
Globe Life projects net operating income between $10.37 to $10.57 per diluted common share for the year ending December 31, 2023.
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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