Globe Life Inc. (NYSE:GL) Q2 2024 Earnings Conference Call July 25, 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 Suneet Kamath - Jefferies Elyse Gre ...

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Revenue- Net investment income: $2 ...

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Equitable Holdings, Inc.'s revenues are expected to be $3.82 billion, up 14.5% from the year-ago quarter. This quarterly report represents an earnings surprise of 2.41%. A quarter ago, it was expected that this life and health insurance company would post earnings of $2.80 per share when it actually produced ear ...

GLOBE LIFE INC. REPORTS Second Quarter 2024 Results McKinney, TX, July 24, 2024—Globe Life Inc. (NYSE: GL) reported today that for the quarter ended June 30, 2024, net income was $2.83 per diluted common share, compared with $2.24 per diluted common share for the year-ago quarter. Net operating income for the quarter was $2.97 per diluted common share, compared with $2.61 per diluted common share for the year-ago quarter. HIGHLIGHTS: Note: As used in the earnings release, "Globe Life," the "Company," "we," ...

NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Globe Life Inc. (NYSE:GL) and its directors and certain senior executives for breaches of their fiduciary duties by failing to stop, and/or condoning, pervasive fraud and sexual harassment at the Company. A recent investor report has exposed troubling allegations that Globe Life is engaged in widespread insurance fraud. The investor report relies on whistleblower complaints, int ...

Core Viewpoint - Globe Life Inc. is under investigation for alleged widespread insurance fraud and sexual harassment, with claims that the company's management failed to address these issues adequately [1][2][5]. Investigation Details - Bleichmar Fonti & Auld LLP is investigating Globe Life Inc. and its executives for breaches of fiduciary duties related to pervasive fraud and harassment [1][5]. - The investigation is prompted by a recent investor report that highlights significant allegations of insurance fraud, amounting to $200 million in annualized life premiums, which represents approximately 60% of all premiums [2]. - The report indicates that the fraud is linked to a problematic bonus structure that incentivizes sales agents to commit fraud by rewarding them for policies sold within a short timeframe, regardless of subsequent cancellations [2]. Legal Implications - Globe Life is currently facing multiple lawsuits and investigations, including one from the Department of Justice [5]. - The law firm Bleichmar Fonti & Auld LLP aims to protect the interests of Globe Life stockholders and hold the company's fiduciaries accountable for legal violations [5]. Shareholder Actions - Current shareholders of Globe Life Inc. are encouraged to submit their information to explore potential legal options, with representation offered on a contingency fee basis [7].

NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Globe Life Inc. (NYSE:GL) and its directors and certain senior executives for breaches of their fiduciary duties by failing to stop, and/or condoning, pervasive fraud and sexual harassment at the Company. A recent investor report has exposed troubling allegations that Globe Life is engaged in widespread insurance fraud. The investor report relies on whistleblower complaints, int ...

Convoy of Hope was instrumental in providing much-needed disaster relief because of their ability to respond quickly, coordinate efforts, and provide essential services. The Surace-Smith-Bendure-Hartwig organization raised $11,443. After learning this was the highest agency donation, Pat Bendure said, "I am proud of our team for stepping up to help those displaced and still suffering. We're honored to have supported Convoy of Hope and the amazing work they do for so many." Globe Life is committed to giving ...

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This life and health insurance company is expected to post quarterly earnings of $2.90 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has been revised 0.17% higher over ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics an ...