Globe Life: Q1 Earnings Snapshot
MCKINNEY, Texas (AP) — MCKINNEY, Texas (AP) — Globe Life Inc. (GL) on Wednesday reported first-quarter earnings of $223.6 million.
On a per-share basis, the McKinney, Texas-based company said it had net income of $2.28. Earnings, adjusted for investment costs, were $2.53 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.47 per share.
The life and health insurance company posted revenue of $1.32 billion in the period. Its adjusted revenue was $1.35 billion, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.36 billion.
Globe Life expects full-year earnings in the range of $10.28 to $10.52 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GL at https://www.zacks.com/ap/GL