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Dec 31, 2020
Globe Life Q4 2020 Earnings Report
Globe Life's Q4 2020 results were reported with net income at $1.93 per diluted common share, compared to $1.69 in the year-ago quarter.
Key Takeaways
Globe Life Inc. reported a net income of $1.93 per diluted common share for Q4 2020, compared to $1.69 per diluted common share for the year-ago quarter. Net operating income for the quarter was $1.74 per diluted common share, compared with $1.70 per diluted common share for the year-ago quarter. The company repurchased 1.4 million shares of its common stock during the quarter. COVID-19 life claims incurred were $27 million for the quarter.
Net income was $1.93 per diluted common share, compared to $1.69 per diluted common share for the year-ago quarter.
Net operating income was $1.74 per diluted common share, compared with $1.70 per diluted common share for the year-ago quarter.
Life premiums increased over the year-ago quarter by 10% at the American Income Life Division and 7% at the Direct to Consumer Division.
The Company repurchased 1.4 million shares of Globe Life Inc. common stock during the quarter.
Revenue by Segment
Forward Guidance
Globe Life projects that net operating income per share will be in the range of $7.16 to $7.56 for the year ending December 31, 2021. The decline from previous guidance is due primarily to an increase in estimated future COVID death claims.
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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