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Globe Life(GL) - 2024 Q3 - Quarterly Report
2024-11-06 22:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ________ Commission File Number: 001-08052 GLOBE LIFE INC. (Exact name of registrant as specified in its charter) Delaware 63-0 ...
Globe Life(GL) - 2024 Q3 - Earnings Call Transcript
2024-10-24 19:37
Globe Life Inc. (NYSE:GL) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Stephen Mota - Senior Director-Investor Relations Frank Svoboda - Co-Chief Executive Officer Matt Darden - Co-Chief Executive Officer Thomas Kalmbach - Chief Financial Officer Mike Majors - Chief Strategy Officer Brian Mitchell - General Counsel Conference Call Participants Jimmy Bhullar - JPMorgan Wesley Carmichael - Autonomous Research John Barnidge - Piper Sandler Andrew Kligerman - TD Cowen Elyse ...
Globe Life Q3 Earnings Beat, Revenues Miss, Premiums Rise Y/Y
ZACKS· 2024-10-24 15:50
Globe Life Inc.’s (GL) third-quarter 2024 net operating income of $3.49 per share beat the Zacks Consensus Estimate by 14.4%. The bottom line improved 29% year over year, primarily driven by higher excess investment income and insurance underwriting income.Behind the HeadlinesGlobe Life reported total premium revenues of $1.2 billion, up 5% year over year. This upside was primarily driven by higher premiums from Life and Health insurance.Net investment income increased 7% year over year to $284.9 million.Th ...
Globe Life (GL) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-23 23:36
Globe Life (GL) reported $1.46 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.1%. EPS of $3.49 for the same period compares to $2.71 a year ago.The reported revenue represents a surprise of -0.66% over the Zacks Consensus Estimate of $1.47 billion. With the consensus EPS estimate being $3.05, the EPS surprise was +14.43%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...
Globe Life (GL) Q3 Earnings Surpass Estimates
ZACKS· 2024-10-23 22:30
Globe Life (GL) came out with quarterly earnings of $3.49 per share, beating the Zacks Consensus Estimate of $3.05 per share. This compares to earnings of $2.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.43%. A quarter ago, it was expected that this life and health insurance company would post earnings of $2.90 per share when it actually produced earnings of $2.97, delivering a surprise of 2.41%.Over the last four quar ...
Globe Life(GL) - 2024 Q3 - Quarterly Results
2024-10-23 20:41
GLOBE LIFE INC. REPORTS Third Quarter 2024 Results McKinney, TX, October 23, 2024—Globe Life Inc. (NYSE: GL) reported today that for the quarter ended September 30, 2024, net income was $3.44 per diluted common share, compared with $2.68 per diluted common share for the year-ago quarter. Net operating income for the quarter was $3.49 per diluted common share, compared with $2.71 per diluted common share for the year-ago quarter. HIGHLIGHTS: l Net income as an ROE was 22.4% for the nine months ended Septembe ...
Insights Into Globe Life (GL) Q3: Wall Street Projections for Key Metrics
ZACKS· 2024-10-21 14:21
In its upcoming report, Globe Life (GL) is predicted by Wall Street analysts to post quarterly earnings of $3.05 per share, reflecting an increase of 12.6% compared to the same period last year. Revenues are forecasted to be $1.47 billion, representing a year-over-year increase of 5.8%.The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during ...
Globe Life (GL) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-10-16 15:06
Globe Life (GL) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 23, 2024, might help the stock move higher if these key numbers are better than ...
Globe Life Banks on Solid Segmental Growth Amid Cost Woes
ZACKS· 2024-10-11 16:01
Globe Life Inc. (GL) is well-poised to gain from higher life and health sales, improved invested assets, increased productivity and agent count, strong liquidity position and effective capital deployment. Globe Life has been witnessing a positive trend in revenues, driven by premium growth in its Life Insurance and Health Insurance segments and net investment income. The strong performance of the American Income and Liberty National divisions should drive the top line in the future. Liberty National is like ...
Here's Why Globe Life (GL) is a Strong Momentum Stock
ZACKS· 2024-09-23 14:51
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks S ...