Market Overview

Recap: Globe Life Q3 Earnings

Share:

Shares of Globe Life (NYSE:GL) were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 1.16% year over year to $1.75, which were in line with the estimate of $1.75.

Revenue of $1,195,000,000 rose by 4.73% from the same period last year, which beat the estimate of $1,190,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Price Action

52-week high: $111.43

Company's 52-week low was at $56.74

Price action over last quarter: Up 4.74%

Company Overview

Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations. It is organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments.

 

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Posted-In: Earnings