Globe Life Q4 2023 Earnings Report
Key Takeaways
Globe Life Inc. reported a strong fourth quarter in 2023, with net income at $2.88 per diluted common share, up from $2.46 in the previous year. Net operating income also increased to $2.80 per diluted common share from $2.55 in the year-ago quarter.
Net income increased 13% and net operating income increased 6% over the year-ago quarter.
American Income Life Division reported a 9% increase in life net sales and a 7% increase in life premium compared to the year-ago quarter.
Liberty National Division experienced increases in life net sales and health net sales by 12% and 9%, respectively, over the year-ago quarter.
Family Heritage Division saw health net sales increase by 12% and premiums increase by 8% over the year-ago quarter.
Globe Life
Globe Life
Globe Life Revenue by Segment
Forward Guidance
Globe Life projects net operating income between $11.30 to $11.80 per diluted common share for the year ending December 31, 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income