Globe Life Inc.’s (GL) first-quarter 2025 net operating income of $3.07 per share missed the Zacks Consensus Estimate by 5.2%. The bottom line, however, improved 10% year over year, driven by higher insurance underwriting income. The insurer’s results reflected higher premiums across Life and Health insurance, improved insurance underwriting income, offset by higher expenses and lower investment income. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Behind the HeadlinesGlobe Life r ...

Globe Life (GL) Q1 2025 Earnings Call May 01, 2025 12:00 PM ET Company Participants Stephen Mota - Senior Director - IRFrank Svoboda - Co-Chairman & Co-CEOJ. Matthew Darden - Co-Chairman and Co-CEOThomas Kalmbach - Executive VP & CFOJack Matten - Vice President Equity ResearchElyse Greenspan - Managing DirectorAndrew Kligerman - Managing DirectorWilma Burdis - DirectorThomas Gallagher - Senior Managing DirectorRyan Krueger - Managing Director Conference Call Participants Jimmy Bhullar - Equity Research Anal ...

Financial Data and Key Metrics Changes - In Q1 2025, net income was $255 million or $3.01 per share, compared to $254 million or $2.67 per share a year ago, indicating a slight increase in profitability [5] - Net operating income for the quarter was $259 million or $3.07 per share, a 10% increase from the previous year, slightly exceeding internal projections [5] - Return on equity as of March 31 was 19%, with book value per share at $64.5, while excluding accumulated other comprehensive income (AOCI), return on equity was 14.1% and book value per share was $87.92, up 11% from a year ago [5] Business Line Data and Key Metrics Changes - Life insurance premium revenue increased by 3% year-over-year to $830 million, with life underwriting margin rising 9% to $337 million due to premium growth and lower policy obligations [5][6] - Health insurance premium revenue grew by 8% to $370 million, but health underwriting margin decreased by 10% to $85 million due to higher claim costs [6] - American Income Life saw life premiums rise 6% to $438 million, with a life underwriting margin up 5% to $196 million [8] - Liberty National's life premiums grew 6% to $96 million, while health sales decreased by 5% to $7 million [10] - Family Heritage's health premiums increased by 9% to $112 million, with health underwriting margin up 10% to $39 million [11] Market Data and Key Metrics Changes - United American General Agency's health premiums increased by 13% to $160 million, but health underwriting margin fell to $2 million due to higher claim costs [13] - The average producing agent count across various divisions showed growth, with American Income up 3% and Liberty National up 8% year-over-year [9][10] Company Strategy and Development Direction - The company anticipates life premium revenue growth of around 4% for the year, with health premium revenue expected to grow between 7.5% and 8.5% [6] - The focus remains on managing rising advertising and distribution costs while maximizing underwriting margin dollars on new sales [12] - The company plans to maintain a consolidated risk-based capital (RBC) ratio within the targeted range of 300% to 320% [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the midpoint of EPS guidance for 2025, citing favorable mortality trends and expected remeasurement gains [42][44] - The company is well-positioned to manage through economic uncertainties, with a strong capital position and a conservative investment philosophy [24][29] - There is an expectation of elevated health obligations due to recent claim trends, but management believes they can manage these through rate increases [33] Other Important Information - The company repurchased approximately 1.5 million shares for $177 million in Q1 2025, returning a total of $197 million to shareholders [26] - Legal proceedings included an estimate for settlements related to outstanding litigation, but these are not indicative of future performance [78] Q&A Session Summary Question: Outlook for Health margins and timing of rate actions - Management indicated that most rate increases will be effective at the beginning of Q2, expecting margins for UAGA to be in the 5% to 7% range for the year [36] Question: Confidence in EPS guidance amid tough comps - Management reaffirmed confidence in the EPS guidance range, citing favorable mortality trends and expected remeasurement gains [42][44] Question: Increase in health usage and claims - Management noted that utilization is the primary driver of increased claims, with actions being taken to mitigate costs related to specific procedures [96][100] Question: Capital return strategy and commercial paper reduction - The company plans to maintain a normal capital return strategy but may front-load buybacks depending on market conditions [57] Question: Legal proceedings and regulatory matters - The increase in legal expenses is not indicative of future performance and is common in the insurance industry [78]

Globe Life (GL) came out with quarterly earnings of $3.07 per share, missing the Zacks Consensus Estimate of $3.24 per share. This compares to earnings of $2.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.25%. A quarter ago, it was expected that this life and health insurance company would post earnings of $3.10 per share when it actually produced earnings of $3.14, delivering a surprise of 1.29%.Over the last four quar ...

GLOBE LIFE INC. REPORTS First Quarter 2025 Results McKinney, TX, April 30, 2025—Globe Life Inc. (NYSE: GL) reported today that for the quarter ended March 31, 2025, net income was $3.01 per diluted common share, compared with $2.67 per diluted common share for the year-ago quarter. Net operating income was $3.07 per diluted common share, above management's expectations, compared with $2.78 per diluted common share for the year-ago quarter. HIGHLIGHTS: Note: As used in the earnings release, "Globe Life," the ...

MCKINNEY, Texas, April 15, 2025 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) announces the live audio webcast of its 2025 Annual Meeting of Shareholders, on Thursday, April 24, 2025 at 10:00am Central.To register online to attend the meeting: Go to proxypush.com/GL. Registered and beneficial shareholders - Enter the control number found in the upper right-hand corner of your proxy card. Guests may register to attend and listen to the meeting. After registering, you will receive a confirmation email and anot ...

MCKINNEY, Texas, April 10, 2025 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) will announce its First Quarter 2025 financial results after the market closes on Wednesday, April 30, 2025. At that time, a copy of the Company's First Quarter 2025 earnings press release and any other financial and statistical information about the quarter will be available on the Company's website, https://investors.globelifeinsurance.com/, under Financial Reports and Other Financial Information.A live conference call will broadca ...

Shares of Globe Life Inc. (GL) closed at $130.53 on Wednesday, near its 52-week high of $131.91. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving averages (SMA) of $123.24 and $106.07, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.Earnings of Globe Life grew 13.3% in the last five ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics a ...

It has been about a month since the last earnings report for Globe Life (GL) . Shares have added about 3.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Globe Life due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Globe Life Q4 Earnings Surpass Estimates on Higher ...