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) 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) 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 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 ...

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) 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 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 ...

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Globe Life Inc. (GL) shares have lost 16.7% in the year-to-date period against the industry's 3.8% growth. It has also underperformed the Finance sector's 12% return and the Zacks S&P 500 composite's 15% growth in the said time frame. Year-to-Date Price Performance Image Source: Zacks Investment Research GL has been grappling with higher expenses over the past few years. Higher total policyholder benefits, amortization of deferred acquisition costs, commissions, premium taxes and non-deferred acquisition co ...

Winners presented a ceremonial check and thanked Mother to Mother for their positive impact on the community. "No child, mother, or family should go without their basic needs being met. I am proud to be part of an organization that gives back where we live, work, visit, and serve," said Agency Owner Jason Everett. Janie Busbee, Founder of Mother to Mother, shared her gratitude saying, "Through the generosity of Globe Life, Mother To Mother continues to serve thousands of low-income families across Middle Te ...