Globe Life Q2 2024 Earnings Report
Key Takeaways
Globe Life Inc. reported a strong second quarter in 2024, with net income increasing by 20% and net operating income increasing by 8% compared to the year-ago quarter. The company saw growth in life and health net sales and premiums across its American Income Life, Liberty National, and Family Heritage divisions.
Net income increased 20% and net operating income increased 8% over the year-ago quarter.
American Income Life Division experienced a 16% increase in life net sales and premiums, and a 13% increase in the average producing agent count.
Liberty National Division saw a 16% increase in the average producing agent count, with life net sales and premiums increasing by 11% and 6%, respectively.
Family Heritage Division's health net sales increased 7% and premiums increased 8% over the year-ago quarter.
Globe Life
Globe Life
Globe Life Revenue by Segment
Forward Guidance
Globe Life projects net operating income between $11.80 to $12.10 per diluted common share for the year ending December 31, 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income