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Globe Life (GL)
NYSE:GL
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.24Last Year’s EPS
2.78Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -0.39%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with strong growth in life insurance premiums and agent recruitment, alongside robust shareholder returns. However, challenges remain with declining health underwriting margins, ongoing regulatory investigations, and increased expenses.Company Guidance
During the Globe Life fourth quarter 2024 earnings call, several key metrics and guidance for 2025 were discussed. Net income for Q4 2024 was reported at $255 million, or $3.01 per share, compared to $275 million, or $2.88 per share, the previous year. Net operating income increased by 12% to $266 million or $3.14 per share. The company expects life premium revenue to grow between 4.5% and 5% in 2025, with a life underwriting margin of 40% to 42% of premium. Health premium revenue is projected to grow 7.5% to 8.5%, with an underwriting margin between 25% and 27%. Administrative expenses for 2025 are expected to be approximately 7.4% of premium. The company's net operating earnings per diluted share for 2025 are estimated to be between $13.45 and $14.05, representing an 11% growth at the midpoint. The investment portfolio yield was noted at 5.27% for the fourth quarter, with plans to invest $900 million to $1.1 billion in fixed maturities with yields of 5.5% to 5.7%. The call also highlighted a focus on share repurchases, with plans to repurchase $600 million to $650 million of stock in 2025.Strong Growth in Life Insurance Premiums
Life premiums increased 4% to $823 million, with a 10% increase in life underwriting margin to $336 million. The company expects life premium revenue to grow by 4.5% to 5% in 2025.
Impressive Agent Growth and Sales
American Income Life saw a 7% increase in life premiums and a 22% increase in net life sales, driven by a 7% increase in average producing agent count.
Positive Investment Income Performance
Excess investment income was $38 million, up $3 million from the previous year. Investment income was $282 million, up 4%.
Strong Shareholder Returns
The company repurchased $36 million in shares in the fourth quarter, with a total of $1 billion returned to shareholders in 2024.
Resilient Business Amid Economic Uncertainty
Overall premium growth of 4.7% in 2024 exceeded the 3.4% growth rate in 2023, showing business resilience despite high inflation.
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GL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $123.07 | $119.97 | -2.52% |
| Oct 23, 2024 | $110.62 | $109.15 | -1.33% |
| Jul 24, 2024 | $87.89 | $88.68 | +0.90% |
| Apr 22, 2024 | $65.90 | $75.20 | +14.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Globe Life (GL) report earnings?
Globe Life (GL) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is Globe Life (GL) earnings time?
Globe Life (GL) earnings time is at Apr 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GL EPS forecast?
GL EPS forecast for the fiscal quarter 2025 (Q1) is 3.24.
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