Prnewswireยท2025-07-23 20:10Core Points - Globe Life Inc. reported a net income of $3.05 per diluted common share for Q2 2025, an increase from $2.83 in the same quarter last year, while net operating income rose to $3.27 per diluted common share from $2.97 [1][6][8] - The company experienced a 10% increase in net operating income per share compared to the previous year, and a 4% increase in total premium revenue [6][10] - Life insurance accounted for 78% of the company's insurance underwriting margin, while health insurance made up 22% [9][10] Financial Performance - For the three months ended June 30, 2025, insurance underwriting income was $354.176 million, a 4% increase from $340.437 million in the same period last year [5][12] - Life premiums increased by 5% year-over-year, while health net sales surged by 20% [6][10] - The company repurchased 1.9 million shares of common stock at a total cost of $226 million during the quarter [33] Investment Performance - Net investment income decreased by 1% to $282.169 million, while excess investment income fell by 19% to $34.828 million [22][23] - The investment portfolio as of June 30, 2025, totaled $19.925 billion, with fixed maturities making up 87% of the total [25][27] - The fixed maturity portfolio earned an annual taxable equivalent effective yield of 5.29% during Q2 2025, compared to 5.26% in the previous year [28] Guidance and Outlook - The company reaffirmed its guidance for net operating income between $14.25 to $14.65 per diluted common share for the year ending December 31, 2025 [35]