Globe Life (GL) Q1 Earnings Miss Estimates, Revenues Rise Y/Y

Globe Life Inc.’s (GL) first-quarter 2024 net operating income of $2.78 per share missed the Zacks Consensus Estimate by 0.7%.The bottom line improved 10% year over year, primarily driven by higher insurance underwriting income and excess investment income.Behind the HeadlinesGlobe Life reported total premium revenues of $1.1 billion, up 5% year over year. This upside was primarily driven by higher premiums from Life and Health insurance.Net investment income increased 10% year over year to $282.5 million.T ...