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Dec 31, 2019
Globe Life Q4 2019 Earnings Report
Globe Life reported an increase in net income and net operating income per diluted common share for Q4 2019 compared to the year-ago quarter.
Key Takeaways
Globe Life Inc. reported a net income of $1.69 per diluted common share for the quarter ended December 31, 2019, compared to $1.45 for the same period last year. Net operating income for the quarter was $1.70 per diluted common share, up from $1.56 in the year-ago quarter.
Net income as an ROE was 11.6% for the year ended December 31, 2019.
Life underwriting margin at the American Income Life Division increased by 9% over the year-ago quarter.
Life premiums increased by 8% at the American Income Life Division, and health premiums increased by 8% at the Family Heritage Division compared to the year-ago quarter.
Life net sales at the Liberty National Division and American Income Life Division increased by 13% and 9%, respectively, 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 $7.03 to $7.23 for the year ending December 31, 2020.
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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