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Sep 30, 2020
Globe Life Q3 2020 Earnings Report
Globe Life's financial performance was detailed for Q3 2020, noting a decrease in net income per diluted common share but an increase in net operating income per share.
Key Takeaways
Globe Life Inc. reported a net income of $1.76 per diluted common share for the quarter ended September 30, 2020, compared to $1.82 in the year-ago quarter. Net operating income increased to $1.75 per diluted common share from $1.73 in the previous year. The company saw increases in life and health premiums, and net sales of life insurance also rose significantly.
Net income was reported at $1.76 per diluted common share, while net operating income reached $1.75 per diluted common share.
Life premiums saw an increase of 9% at American Income Life Division and 8% at the Direct to Consumer Division.
Health premiums increased by 8% at the Family Heritage Division.
Life net sales increased significantly at the Direct to Consumer Division (50%) and American Income Life Division (14%).
Globe Life
Globe Life
Globe Life Revenue by Segment
Revenue by Segment
Life Revenue
CapyFin.comHealth Revenue
CapyFin.com Forward Guidance
Globe Life projects that net operating income per share will be in the range of $6.84 to $7.00 for the year ending December 31, 2020 and from $7.30 to $7.80 for the year ending December 31, 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income