Loading...
•
Dec 31, 2021
Globe Life Q4 2021 Earnings Report
Globe Life's Q4 2021 performance saw a decrease in net income per diluted common share compared to the previous year, but total life premiums increased.
Key Takeaways
Globe Life Inc. reported a decrease in net income per diluted common share for Q4 2021, from $1.93 to $1.76. Net operating income also decreased slightly. However, total life and health premiums both saw an increase of 8% over the year-ago quarter.
Net income was $1.76 per diluted common share, compared to $1.93 in the year-ago quarter.
Net operating income was $1.70 per diluted common share, compared to $1.74 in the year-ago quarter.
Total life premiums increased 8% over the year-ago quarter.
Total health premiums increased 8% over the year-ago quarter.
Globe Life
Globe Life
Globe Life Revenue by Segment
Revenue by Segment
Life Revenue
CapyFin.comHealth Revenue
CapyFin.com Forward Guidance
Globe Life projects net operating income per share to be in the range of $8.00 to $8.50 for the year ending December 31, 2022.
Challenges Ahead
- Higher non-COVID life policy obligations
- Higher health claims than previously anticipated.
Revenue & Expenses
Visualization of income flow from segment revenue to net income