Prnewswireยท2025-04-30 20:15Core Insights - Globe Life Inc. reported a net income of $3.01 per diluted common share for Q1 2025, an increase from $2.67 in the same quarter last year, while net operating income was $3.07 per diluted common share, exceeding management's expectations [1][6][11] Financial Performance - Net operating income increased by 10% year-over-year, from $2.78 to $3.07 per diluted common share [6][7] - Net income as a return on equity (ROE) was 19.0%, down from 21.3% in the previous year [6][11] - Total premium revenue for life insurance rose by 3% to $829.86 million, while health insurance premiums increased by 8% to $369.79 million, leading to a total premium revenue of $1.20 billion, a 5% increase from the previous year [13][43] Insurance Operations - Life insurance accounted for 80% of the insurance underwriting margin, while health insurance made up 20% [12] - Life underwriting margin increased by 9% year-over-year, while health underwriting margin decreased by 10% [15][19] - Net sales of life insurance declined by 1%, whereas net health sales increased by 24% [13][19] Investment Performance - Net investment income decreased by 1% to $280.61 million, while excess investment income fell by 18% to $35.87 million [25][26] - The investment portfolio totaled $20.01 billion, with fixed maturities making up 87% of the total [28][29] Shareholder Actions - The company repurchased 1.5 million shares of common stock at a total cost of $177 million, averaging $121.70 per share [34] - Shareholders' equity, excluding accumulated other comprehensive income (AOCI), was reported at $7.40 billion [11][12] Guidance - Globe Life projects net operating income between $13.45 to $14.05 per diluted common share for the year ending December 31, 2025, reaffirming previous guidance [36]