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Globe Life: 4Q Earnings Snapshot

MCKINNEY, Texas (AP) _ Globe Life Inc. (GL) on Tuesday reported fourth-quarter earnings of $187.1 million.

The McKinney, Texas-based company said it had profit of $1.69 per share. Earnings, adjusted for non-recurring costs, came to $1.70 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.

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

For the year, the company reported profit of $760.8 million, or $6.83 per share. Revenue was reported as $4.51 billion.

Globe Life shares have climbed almost 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $107.07, a rise of 28% 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