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Sep 30, 2021
Globe Life Q3 2021 Earnings Report
Globe Life's financial performance remained strong, with increased life and health premiums and strategic share repurchases.
Key Takeaways
Globe Life Inc. reported a net income of $1.84 per diluted common share for the quarter ended September 30, 2021, compared to $1.76 for the same quarter last year. The company experienced growth in total life and health premiums, and repurchased 1.0 million shares of its common stock.
Net income was reported at $1.84 per diluted common share.
Total life premiums increased by 8% year-over-year.
Health premiums increased by 8% year-over-year at the Family Heritage Division.
1.0 million shares of Globe Life Inc. common stock were repurchased during the quarter.
Revenue by Segment
Forward Guidance
Globe Life projects net operating income per share to be in the range of $6.85 to $7.05 for the year ending December 31, 2021, and from $7.95 to $8.75 for the year ending December 31, 2022. The reduction from the previous guidance for the projected net operating income per share for 2021 is primarily due to higher COVID losses than previously anticipated.
Challenges Ahead
- Higher COVID losses than previously anticipated impacted the projected net operating income per share for 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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