Globe Life: 3Q Earnings Snapshot

October 23, 2019 GMT

MCKINNEY, Texas (AP) _ Globe Life Inc. (GL) on Wednesday reported third-quarter earnings of $201.8 million.

On a per-share basis, the McKinney, Texas-based company said it had net income of $1.82. Earnings, adjusted for investment gains, came to $1.73 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.

The life and health insurance company posted revenue of $1.14 billion in the period. Its adjusted revenue was $1.13 billion.

Globe Life expects full-year earnings in the range of $6.71 to $6.77 per share.

Globe Life shares have climbed 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $95.76, a rise of 14% in the last 12 months.


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