Globe Life Q4 2019 Earnings Report
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.
Globe Life
Globe Life
Globe Life 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