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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 ...

Company Overview - Equitable Holdings, Inc. is expected to report revenues of $3.82 billion, reflecting a 14.5% increase from the same quarter last year [2] - Globe Life reported revenues of $1.45 billion for the quarter ended June 2024, slightly missing the Zacks Consensus Estimate by 0.01%, compared to $1.37 billion in the previous year [4] - Globe Life's quarterly earnings were $2.97 per share, surpassing the Zacks Consensus Estimate of $2.90 per share, and up from $2.61 per share a year ago [9][10] Earnings Expectations - Globe Life is projected to post quarterly earnings of $1.43 per share, indicating a year-over-year increase of 22.2%, although the consensus EPS estimate has been revised 1.2% lower in the last 30 days [8] - The current consensus EPS estimate for Globe Life is $3 on revenues of $1.47 billion for the upcoming quarter and $11.75 on revenues of $5.83 billion for the current fiscal year [13] Performance Metrics - Globe Life has exceeded consensus EPS estimates three times over the last four quarters [10] - Despite the positive earnings surprises, Globe Life shares have declined approximately 26.4% since the beginning of the year, contrasting with the S&P 500's gain of 16.5% [11] Industry Context - The Financial - Miscellaneous Services industry, to which Globe Life belongs, is currently ranked in the top 42% of over 250 Zacks industries, indicating a favorable outlook [7] - The Zacks Rank for Globe Life is 1 (Strong Buy), suggesting that the stock is expected to outperform the market in the near future [6]

Globe Life Inc. Q2 2024 Results [Q2 2024 Financial Highlights](index=1&type=section&id=Q2%202024%20Financial%20Highlights) Globe Life Inc. reported strong Q2 2024 growth, with net income up 20% and net operating income rising 8%, alongside active share repurchases | Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | Net Income per Diluted Share | $2.83 | $2.24 | +26% | | Net Operating Income per Diluted Share | $2.97 | $2.61 | +14% | - For the first six months of 2024, net income as a return on equity (ROE) was **20.8%**, while net operating income as an ROE (excluding AOCI) was **14.5%**[4](index=4&type=chunk) - The American Income Life Division saw a **16%** increase in life net sales and a **13%** growth in its average producing agent count year-over-year[4](index=4&type=chunk) - The Liberty National Division experienced an **11%** increase in life net sales and a **16%** growth in its average producing agent count year-over-year[4](index=4&type=chunk) - The company repurchased **3.8 million shares** of its common stock during the second quarter[4](index=4&type=chunk) [Results of Operations](index=2&type=section&id=Results%20of%20Operations) Globe Life's Q2 2024 net operating income rose 8% to $271.2 million, with net income reaching $258.4 million Q2 2024 vs Q2 2023 Operating Summary | Operating Summary | Q2 2024 (in millions) | Q2 2023 (in millions) | % Change | Q2 2024 (Per Share) | Q2 2023 (Per Share) | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Insurance underwriting income | $340.4 | $315.4 | 8% | $3.72 | $3.28 | 13% | | Excess investment income | $42.8 | $31.4 | 36% | $0.47 | $0.33 | 42% | | **Net operating income** | **$271.2** | **$251.5** | **8%** | **$2.97** | **$2.61** | **14%** | | **Net income** | **$258.4** | **$215.3** | **20%** | **$2.83** | **$2.24** | **26%** | Book Value Per Share Comparison | Metric | June 30, 2024 | June 30, 2023 | | :--- | :--- | :--- | | Book value per share | $58.06 | $41.44 | | Book value per share, excluding AOCI | $82.38 | $72.09 | [Insurance Operations](index=3&type=section&id=Insurance%20Operations) Insurance operations showed solid Q2 2024 growth, with total premium revenue up 5% to $1.17 billion [Insurance Underwriting Performance](index=3&type=section&id=Insurance%20Underwriting%20Performance) Total insurance underwriting income increased 8% to $340.4 million in Q2 2024, driven by growth in life and health underwriting margins Insurance Premium Revenue by Product (Q2 2024) | Product | Q2 2024 Revenue (in millions) | Q2 2023 Revenue (in millions) | % Change | | :--- | :--- | :--- | :--- | | Life insurance | $815.5 | $781.7 | 4% | | Health insurance | $351.6 | $329.2 | 7% | | **Total** | **$1,167.1** | **$1,110.9** | **5%** | Insurance Underwriting Income (Q2 2024) | Component | Q2 2024 (in millions) | Q2 2023 (in millions) | % Change | | :--- | :--- | :--- | :--- | | Life Underwriting Margin | $320.3 | $296.1 | 8% | | Health Underwriting Margin | $100.5 | $92.4 | 9% | | **Total Underwriting Margins** | **$422.6** | **$390.7** | **8%** | | Administrative expenses | ($82.2) | ($75.5) | 9% | | **Insurance underwriting income** | **$340.4** | **$315.4** | **8%** | - The ratio of administrative expenses to premium increased slightly to **7.0%** in Q2 2024 from **6.8%** in the year-ago quarter[17](index=17&type=chunk) [Life Insurance Results by Distribution Channel](index=5&type=section&id=LIFE%20INSURANCE%20RESULTS%20BY%20DISTRIBUTION%20CHANNEL) Total life insurance net sales grew 10% year-over-year, led by strong performance in American Income and Liberty National divisions Life Net Sales by Channel (Q2 2024 vs Q2 2023) | Distribution Channel | Q2 2024 (in millions) | Q2 2023 (in millions) | % Change | | :--- | :--- | :--- | :--- | | American Income | $94.7 | $81.9 | 16% | | Liberty National | $25.9 | $23.3 | 11% | | Direct to Consumer | $30.6 | $31.6 | -3% | | **Total** | **$153.5** | **$139.3** | **10%** | Life Premium by Channel (Q2 2024 vs Q2 2023) | Distribution Channel | Q2 2024 (in millions) | Q2 2023 (in millions) | % Change | | :--- | :--- | :--- | :--- | | American Income | $423.5 | $394.6 | 7% | | Liberty National | $92.2 | $86.6 | 6% | | Direct to Consumer | $248.8 | $248.6 | 0% | | **Total** | **$815.5** | **$781.7** | **4%** | [Health Insurance Results by Distribution Channel](index=6&type=section&id=HEALTH%20INSURANCE%20RESULTS%20BY%20DISTRIBUTION%20CHANNEL) Health insurance net sales increased 17% in Q2 2024, driven by a 41% surge in United American division sales and 7% growth in total premiums Health Net Sales by Channel (Q2 2024 vs Q2 2023) | Distribution Channel | Q2 2024 (in millions) | Q2 2023 (in millions) | % Change | | :--- | :--- | :--- | :--- | | United American | $18.2 | $12.9 | 41% | | American Income | $5.8 | $4.7 | 23% | | Family Heritage | $24.6 | $23.0 | 7% | | **Total** | **$57.8** | **$49.4** | **17%** | Health Premium by Channel (Q2 2024 vs Q2 2023) | Distribution Channel | Q2 2024 (in millions) | Q2 2023 (in millions) | % Change | | :--- | :--- | :--- | :--- | | United American | $149.2 | $137.5 | 9% | | Family Heritage | $105.9 | $98.1 | 8% | | **Total** | **$351.6** | **$329.2** | **7%** | [Producing Exclusive Agent Count](index=7&type=section&id=PRODUCING%20EXCLUSIVE%20AGENT%20COUNT%20RESULTS%20BY%20DISTRIBUTION%20CHANNEL) The company's exclusive agent force expanded in Q2 2024, with American Income and Liberty National divisions showing significant agent count growth Quarterly Average Producing Agent Count | Division | Q2 2024 | Q2 2023 | % Change | | :--- | :--- | :--- | :--- | | American Income | 11,869 | 10,488 | 13% | | Liberty National | 3,700 | 3,180 | 16% | | Family Heritage | 1,361 | 1,345 | 1% | [Investment Performance](index=7&type=section&id=INVESTMENTS) The investment segment performed well in Q2 2024, with net investment income up 9% to $285.6 million and a conservative $19.7 billion portfolio Excess Investment Income (Q2 2024 vs Q2 2023) | Metric | Q2 2024 (in millions) | Q2 2023 (in millions) | % Change | | :--- | :--- | :--- | :--- | | Net investment income | $285.6 | $261.2 | 9% | | Interest on policy liabilities | ($242.8) | ($229.9) | 6% | | **Excess investment income** | **$42.8** | **$31.4** | **36%** | | **Per share** | **$0.47** | **$0.33** | **42%** | - As of June 30, 2024, the total investment portfolio was valued at **$19.7 billion**, with fixed maturities comprising **89%** of the total[33](index=33&type=chunk)[34](index=34&type=chunk) - The fixed maturity portfolio is high quality, with **97%** of assets rated as 'investment grade' at amortized cost[36](index=36&type=chunk) Fixed Maturity Acquisitions | Metric | Q2 2024 (in millions) | Q2 2023 (in millions) | | :--- | :--- | :--- | | Amount | $240.7 | $359.5 | | Average annual effective yield | 6.2% | 5.8% | | Average rating | A- | AA | [Capital Management and Corporate Outlook](index=9&type=section&id=Capital%20Management%20and%20Corporate%20Outlook) Globe Life continues its capital return strategy with $314 million in share repurchases, maintaining strong liquidity and projecting full-year 2024 earnings guidance - During Q2 2024, the company repurchased **3.8 million shares** of its common stock for a total of **$314 million**, at an average price of **$81.87 per share**[40](index=40&type=chunk) - The company's operations generate strong and stable cash flows, ensuring sufficient liquidity at the Parent Company level to meet capital needs[41](index=41&type=chunk) - Globe Life projects its full-year 2024 net operating income to be between **$11.80** and **$12.10 per diluted common share**[42](index=42&type=chunk) [Appendix: GAAP Financial Statements](index=12&type=section&id=APPENDIX) The GAAP Condensed Consolidated Statement of Operations for Q2 2024 shows total revenues of $1.44 billion and net income of $258.4 million GAAP Condensed Consolidated Statements of Operations (Three Months Ended June 30) | Metric (in millions) | 2024 | 2023 | | :--- | :--- | :--- | | Total premium | $1,167.1 | $1,110.9 | | Net investment income | $285.6 | $261.2 | | **Total revenue** | **$1,440.2** | **$1,326.4** | | Total benefits and expenses | $1,117.9 | $1,061.9 | | Income before income taxes | $322.3 | $264.5 | | **Net income** | **$258.4** | **$215.3** | | **Diluted net income per common share** | **$2.83** | **$2.24** |

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 ...

Core Viewpoint - The upcoming earnings reports for Globe Life and PJT Partners are critical in determining their stock price movements, with analysts closely monitoring earnings per share (EPS) estimates and revisions to gauge potential surprises [1][5][16]. Globe Life - Globe Life is expected to report quarterly earnings of $2.90 per share, reflecting a year-over-year increase of +11.1% [2]. - Revenue for Globe Life is anticipated to be $1.45 billion, which represents a 5.9% increase from the previous year [17]. - The consensus EPS estimate for Globe Life has been revised 0.17% higher in the last 30 days, indicating a positive reassessment by analysts [3]. - The Most Accurate Estimate for Globe Life matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [29]. - Globe Life has beaten consensus EPS estimates three times in the last four quarters, but the stock's movement may depend on other factors beyond earnings [12][13]. PJT Partners - PJT Partners is projected to post earnings of $0.82 per share, indicating a year-over-year decline of -17.2% [26]. - Revenue for PJT Partners is expected to be $310 million, down 10.5% from the previous year [26]. - The consensus EPS estimate for PJT Partners has been revised 18.7% lower over the last 30 days, but the Most Accurate Estimate results in an Earnings ESP of 0.00% [27]. - PJT Partners has consistently beaten consensus EPS estimates in the past four quarters, but the current Zacks Rank of 3 (Hold) complicates predictions for the upcoming report [15].

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 ...