Globe Life: Q2 Earnings Snapshot
MCKINNEY, Texas (AP) — MCKINNEY, Texas (AP) — Globe Life Inc. (GL) on Wednesday reported second-quarter profit of $215.3 million.
On a per-share basis, the McKinney, Texas-based company said it had net income of $2.24. Earnings, adjusted for investment costs, were $2.61 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share.
The life and health insurance company posted revenue of $1.33 billion in the period. Its adjusted revenue was $1.37 billion, which met Street forecasts.
Globe Life expects full-year earnings in the range of $10.37 to $10.57 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
