Globe Life Q4 2024 Earnings Report
Key Takeaways
Globe Life Inc. reported a net income of $3.01 per diluted common share for the quarter ended December 31, 2024, compared to $2.88 for the same period last year. The net operating income for the quarter was $3.14 per diluted common share, up from $2.80 in the previous year. The company repurchased 337,821 shares of its common stock during the quarter.
American Income Life Division saw a 22% increase in life net sales and a 7% increase in life premium compared to the year-ago quarter.
Liberty National Division experienced a 5% increase in life premiums and an 11% increase in the average producing agent count over the year-ago quarter.
Family Heritage Division reported a 6% increase in health net sales and an 8% increase in premiums compared to the year-ago quarter.
Net investment income grew by 4% compared to the year-ago quarter.
Globe Life
Globe Life
Globe Life Revenue by Segment
Forward Guidance
Globe Life projects net operating income between $13.45 to $14.05 per diluted common share for the year ending December 31, 2025.