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Globe Life (GL)
NYSE:GL
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
3.33Last Year’s EPS
2.97Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: -1.14%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. There was notable growth in net income, life insurance premiums, and agent count. However, challenges included a decrease in health underwriting margins, a decline in direct-to-consumer sales, and lower excess investment income. Despite the growth in premiums and agent numbers, the negative trends in underwriting margins and sales suggest a balanced outlook.Company Guidance
In the Globe Life First Quarter 2025 Earnings Release Conference Call, the company provided detailed guidance on various financial metrics. Net income for the quarter was $255 million, or $3.01 per share, compared to $254 million, or $2.67 per share, a year ago. Net operating income increased by 10% to $259 million, or $3.07 per share. The return on equity (ROE) on a GAAP basis was 19%, while excluding accumulated other comprehensive income (AOCI), ROE was 14.1%. Book value per share was $64.5, or $87.92 excluding AOCI, reflecting an 11% increase from the previous year. Life insurance premium revenue rose by 3% to $830 million, with an underwriting margin of $337 million, up 9%. Health insurance premium revenue increased by 8% to $370 million, although the underwriting margin declined by 10% to $85 million. Administrative expenses for the quarter were $88 million, attributed to rising IT, employee, and legal costs, with expectations for these expenses to be about 7.4% of premium for the year. For 2025, Globe Life anticipates life premium revenue growth around 4%, with underwriting margins between 42% and 44%, while health premium revenue is expected to grow between 7.5% and 8.5%, with margins between 24% and 26%. The company indicated a focus on managing distribution costs and maximizing underwriting margins in its direct-to-consumer channel, expecting to generate over 750,000 leads in 2025 to support agency business.Increase in Net Income and Operating Income
Net income was $255 million or $3.01 per share, an increase from $254 million or $2.67 per share a year ago. Net operating income increased 10% from a year ago to $259 million or $3.07 per share.
Growth in Life Insurance and Health Premiums
Life insurance premium revenue for the first quarter increased 3% to $830 million, with a life underwriting margin up 9% from a year ago. Health insurance premium revenue grew 8% to $370 million.
Strong Agent Count Growth
The average producing agent count for the first quarter increased by 3% at American Income Life and 8% at Liberty National compared to a year ago.
Commercial Mortgage Loans and Limited Partnerships Investment
Invested approximately $51 million in commercial mortgage loans and limited partnerships with expected cash returns of approximately 8.5%.
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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 |
|---|---|---|---|
| Apr 30, 2025 | $123.34 | $117.72 | -4.56% |
| Feb 05, 2025 | $122.82 | $119.73 | -2.52% |
| Oct 23, 2024 | $110.40 | $108.93 | -1.33% |
| Jul 24, 2024 | $87.71 | $88.50 | +0.90% |
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 Jul 23, 2025, TBA Not Confirmed.
What is Globe Life (GL) earnings time?
Globe Life (GL) earnings time is at Jul 23, 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 (Q2) is 3.33.
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