Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

GLOBE LIFE INC.

(GL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

GLOBE LIFE : REPORTS (Form 8-K)

07/21/2021 | 05:08pm EDT
GLOBE LIFE INC. REPORTS
Second Quarter 2021 Results

McKinney, TX, July 21, 2021-Globe Life Inc. (NYSE: GL) reported today that for the quarter ended June 30, 2021, net income was $1.92 per diluted common share, compared with $1.62 per diluted common share for the year-ago quarter. Net operating income for the quarter was $1.85 per diluted common share, compared with $1.65 per diluted common share for the year-ago quarter.

HIGHLIGHTS:
l
Net income as an ROE was 9.0% for the six months ended June 30, 2021. Net operating income as an ROE excluding net unrealized gains on fixed maturities was 12.4% for the same period.
l
Total life premiums increased 9% over the year-ago quarter including 13% at the American Income Life Division and 6% at both the Direct to Consumer Division and Liberty National Division.
l
Health premiums increased over the year-ago quarter by 13% at American Income Life Division and 9% at the Family Heritage Division.
l
Total life net sales increased 19% over the year-ago quarter.
l
Life underwriting margins increased over the year-ago quarter by 22% at the Direct to Consumer Division and 16% at the American Income Division. Total health underwriting margins increased by 16% over the year-ago quarter.
l 1.2 million shares of Globe Life Inc. common stock were repurchased during the quarter.

COVID-19 Update: In the second quarter, the Company incurred approximately $11 million of COVID life claims, resulting in total COVID life claims for the first half of the year of $49 million. For the full year and at the mid-point of our guidance, we estimate COVID life claims will be between $53 million to $55 million.

Note: As used in the earnings release, 'Globe Life,' the 'Company,' 'we,' 'our,' and 'us' refer to Globe Life Inc., a Delaware corporation incorporated in 1979, its subsidiaries and affiliates.
1
GL Q22021 Earnings Release
GLOBE LIFE INC.
Earnings Release-Q2 2021
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
RESULTS OF OPERATIONS
Net operating income, a non-GAAP(1) financial measure, has been used consistently by Globe Life's management for many years to evaluate the operating performance of the Company, and is a measure commonly used in the life insurance industry. It differs from net income primarily because it excludes certain non-operating items such as realized investment gains and losses and certain significant and unusual items included in net income. Management believes an analysis of net operating income is important in understanding the profitability and operating trends of the Company's business. Net income is the most directly comparable GAAP measure.
The following table represents Globe Life's operating summary for the three months ended June 30, 2021 and 2020:
Operating Summary
Per Share
Three Months Ended
June 30,
Three Months Ended
June 30,
2021 2020 %
Chg.
2021 2020 %
Chg.
Insurance underwriting income(2)
$ 1.81 $ 1.56 16 $ 188,277 $ 167,042 13
Excess investment income(2)
0.58 0.57 2 59,959 61,137 (2)
Parent company expense (0.03) (0.02) (2,757) (2,516)
Income tax (0.45) (0.40) 13 (47,323) (43,070) 10
Stock compensation benefit (expense), net of tax (0.05) (0.05) (5,173) (5,761)
Net operating income 1.85 1.65 12 192,983 176,832 9
Reconciling items, net of tax:
Realized gain (loss)-investments 0.07 (0.04) 6,841 (3,784)
Legal proceedings - - (206) -
Net income(3)
$ 1.92 $ 1.62 $ 199,618 $ 173,048
Weighted average diluted shares outstanding 104,233 107,134
(1)GAAP is defined as accounting principles generally accepted in the United States of America.
(2)Definitions included within this document.
(3)A GAAP-basis consolidated statement of operations is included in the appendix of this report.

Note: Tables in this earnings release may not sum due to rounding.

2
GL Q2 2021 Earnings Release
GLOBE LIFE INC.
Earnings Release-Q2 2021
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
MANAGEMENT VS. GAAP MEASURES

Shareholders' equity, excluding net unrealized gains on fixed maturities, and book value per share, excluding net unrealized gains on fixed maturities, are non-GAAP measures that are utilized by management to view the business without the effect of unrealized gains or losses which are primarily attributable to fluctuation in interest rates associated with the available-for-sale portfolio. Management views the business in this manner because the Company does not intend to sell, nor is it likely that management will be required to sell, the fixed maturities prior to their maturity. It creates more meaningful trends than can be more easily identified without the fluctuations. Shareholders' equity and book value per share are the most directly comparable GAAP measures.
Six Months Ended
June 30,
2021 2020
Net income as an ROE(1)
9.0 % 9.4 %
Net operating income as an ROE(excluding net unrealized gains on fixed maturities)
12.4 % 13.6 %
June 30,
2021 2020
Shareholders' equity $ 8,616,922 $ 7,848,369
Impact of adjustment to exclude net unrealized gains on fixed maturities (2,879,292) (2,361,530)
Shareholders' equity, excluding net unrealized gains on fixed maturities $ 5,737,630 $ 5,486,839
Book value per share $ 83.59 $ 73.26
Impact of adjustment to exclude net unrealized gains on fixed maturities (27.93) (22.05)
Book value per share, excluding net unrealized gains on fixed maturities $ 55.66 $ 51.21
(1) Calculated using average shareholders' equity for the measurement period.

INSURANCE OPERATIONS-comparing Q22021 with Q2 2020:

Life insurance accounted for 70% of the Company's insurance underwriting margin for the quarter and 71% of total premium revenue.

Health insurance accounted for 29% of the Company's insurance underwriting margin for the quarter and 29% of total premium revenue.

Net sales of life insurance increased 19% for the quarter and net health sales increased 26%.

The following table summarizes Globe Life's premium revenue by product type for the three months ended June 30, 2021 and 2020:
Insurance Premium Revenue
Quarter Ended
June 30, 2021 June 30, 2020 %
Chg.
Life insurance $ 728,170 $ 670,822 9
Health insurance 295,586 282,877 4
Annuity - 3
Total $ 1,023,756 $ 953,702 7

3
GL Q22021 Earnings Release
GLOBE LIFE INC.
Earnings Release-Q2 2021
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
INSURANCE UNDERWRITING INCOME
Insurance underwriting margin is management's measure of profitability of the Company's life, health, and annuity segments' underwriting performance, and consists of premiums less policy obligations, commissions and other acquisition expenses. Insurance underwriting income is the sum of the insurance underwriting margins of the life, health, and annuity segments, plus other income, less insurance administrative expenses. It excludes the investment segment, Parent Company expense, stock compensation expense and income taxes. Management believes this information helps provide a better understanding of the business and a more meaningful analysis of underwriting results by distribution channel. Insurance underwriting income, a non-GAAP measure, is a component of net operating income, which is reconciled to net income in the Results of Operations section above.
The following table summarizes Globe Life's insurance underwriting income by segment for the three months ended June 30, 2021 and 2020:
Insurance Underwriting Income
Quarter Ended
June 30, 2021 % of
Premium
June 30, 2020 % of
Premium
%
Chg.
Insurance underwriting margins:
Life $ 178,755 25 $ 161,699 24 11
Health 74,461 25 64,240 23 16
Annuity 2,176 2,265
255,392 228,204 12
Other income 388 404
Administrative expenses (67,503) (61,566) 10
Insurance underwriting income $ 188,277 $ 167,042 13
Per share $ 1.81 $ 1.56 16

Administrative expenses were $68 million, up 9.6% from the year-ago quarter. The ratio of administrative expenses to premium was 6.6%, compared with 6.5% for the year-ago quarter.

4
GL Q22021 Earnings Release
GLOBE LIFE INC.
Earnings Release-Q2 2021
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
LIFE INSURANCE RESULTS BY DISTRIBUTION CHANNEL

Our distribution channels consist of the following exclusive agencies: American Income Life Division (American Income), Liberty National Division (Liberty National) and Family Heritage Division (Family Heritage); an independent agency, United American Division (United American); and our Direct to Consumer Division.

Total premium, underwriting margins, first-year collected premium and net sales by all distribution channels are shown at https://investors.globelifeinsurance.com at 'Financial Reports and Other Financial Information.'
Life Underwriting Margin
Quarter Ended
June 30,
2021 2020
Amount % of Premium Amount % of Premium % Chg.
American Income $ 108,005 31 $ 93,454 30 16
Direct to Consumer 34,430 14 28,148 12 22
Liberty National 15,875 20 18,873 26 (16)
Other 20,445 38 21,224 40 (4)
Total $ 178,755 25 $ 161,699 24 11
Life Premium
Quarter Ended
June 30,
2021 2020 %
Chg.
American Income $ 347,696 $ 308,675 13
Direct to Consumer 249,440 235,201 6
Liberty National 77,853 73,326 6
Other 53,181 53,620 (1)
Total $ 728,170 $ 670,822 9
Life Net Sales(1)
Quarter Ended
June 30,
2021 2020 %
Chg.
American Income $ 73,233 $ 51,414 42
Direct to Consumer 42,281 49,396 (14)
Liberty National 17,923 10,709 67
Other 2,947 2,610 13
Total $ 136,384 $ 114,129 19
(1)Net sales, a statistical performance measure, is calculated as annualized premium issued, net of cancellations in the first thirty days after issue, except in the case of Direct to Consumer, where net sales is annualized premium issued at the time the first full premium is paid after any introductory offer period has expired. Management considers net sales to be a better indicator of the rate of premium growth than annualized premium issued.

5
GL Q22021 Earnings Release
GLOBE LIFE INC.
Earnings Release-Q2 2021
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
HEALTH INSURANCE RESULTS BY DISTRIBUTION CHANNEL
Health Underwriting Margin
Quarter Ended
June 30,
2021 2020
Amount % of Premium Amount % of Premium % Chg.
United American $ 17,763 15 $ 15,282 14 16
Family Heritage 22,235 26 18,857 24 18
Liberty National 14,941 32 12,524 26 19
American Income 16,717 58 14,775 58 13
Direct to Consumer 2,805 15 2,802 15 -
Total $ 74,461 25 $ 64,240 23 16
Health Premium
Quarter Ended
June 30,
2021 2020 %
Chg.
United American $ 116,217 $ 112,885 3
Family Heritage 85,012 77,987 9
Liberty National 47,118 47,391 (1)
American Income 28,789 25,554 13
Direct to Consumer 18,450 19,060 (3)
Total $ 295,586 $ 282,877 4
Health Net Sales(1)
Quarter Ended
June 30,
2021 2020 %
Chg.
United American $ 12,082 $ 12,001 1
Family Heritage 19,165 13,564 41
Liberty National 6,214 4,089 52
American Income 4,666 3,688 27
Direct to Consumer 584 522 12
Total $ 42,711 $ 33,864 26
(1)Net sales, a statistical performance measure, is calculated as annualized premium issued, net of cancellations in the first thirty days after issue, except in the case of Direct to Consumer, where net sales is annualized premium issued at the time the first full premium is paid after any introductory offer period has expired. Management considers net sales to be a better indicator of the rate of premium growth than annualized premium issued.

6
GL Q22021 Earnings Release
GLOBE LIFE INC.
Earnings Release-Q2 2021
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
PRODUCING EXCLUSIVE AGENT COUNT RESULTS BY DISTRIBUTION CHANNEL
Quarterly Average
Producing Agent Count(1)
End of Quarter
Agent Count
Quarter Ended Quarter Ended
June 30, March 31, June 30, March 31,
2021 2020 % Chg. 2021 2021 2020 % Chg. 2021
American Income 10,478 8,393 25 9,918 10,406 8,597 21 10,329
Liberty National 2,700 2,395 13 2,734 2,700 2,379 13 2,727
Family Heritage 1,220 1,248 (2) 1,285 1,171 1,224 (4) 1,235

(1) The quarterly average producing agent count is based on the actual count at the end of each week during the period.

INVESTMENTS

Management uses excess investment income as the measure to evaluate the performance of the investment segment. It is defined as net investment income less both the required interest attributable to net policy liabilities and the interest on debt. We also view excess investment income per diluted common share as an important and useful measure to evaluate performance of the investment segment, since it takes into consideration our stock repurchase program.

The following table summarizes Globe Life's investment income, excess investment income, and excess investment income per diluted common share.
Excess Investment Income
Quarter Ended
June 30,
2021 2020 %
Chg.
Net investment income $ 238,308 $ 231,568 3
Required interest:
Interest on net policy liabilities(1)
(156,580) (147,618) 6
Interest on debt (21,769) (22,813) (5)
Total required interest (178,349) (170,431) 5
Excess investment income $ 59,959 $ 61,137 (2)
Per share $ 0.58 $ 0.57 2
(1)Interest on net policy liabilities is a component of total policyholder benefits, a GAAP measure.

Net investment income increased 2.9%, while average invested assets increased 5.4%. Required interest on net policy liabilities increased 6.1%, while average net policy liabilities increased 5.1%. The weighted average discount rate for the net policy liabilities was 5.7% and was in line with the year-ago quarter.

7
GL Q22021 Earnings Release
GLOBE LIFE INC.
Earnings Release-Q2 2021
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
The composition of the investment portfolio at book value at June 30, 2021 is as follows:
Investment Portfolio
As of
June 30, 2021
Amount % of Total
Fixed maturities at fair value(1)
$ 21,101,780 93 %
Policy loans 583,088 3
Other long-term investments(2)
698,188 3
Short-term investments 371,922 2
Total $ 22,754,978
(1) As of June 30, 2021, fixed maturities at amortized cost were $17.5 billion, net of $0 of allowance for credit losses.
(2) Includes $534 million of investments accounted for under the fair value option which have a cost of $511 million as of June 30, 2021.

Fixed maturities at amortized cost, net of allowance for credit losses, by asset class as of June 30, 2021 are as follows:
Fixed Maturity Portfolio by Sector
As of
June 30, 2021
Investment Grade Below Investment Grade Total Amortized Cost, net
Corporate bonds $ 14,236,900 $ 713,852 $ 14,950,752
Municipals 1,904,617 - 1,904,617
Government, agencies and GSEs 439,153 - 439,153
Collateralized debt obligations - 36,288 36,288
Other asset-backed securities 107,308 13,800 121,108
Total $ 16,687,978 $ 763,940 $ 17,451,918

Below are fixed maturities available for sale by amortized cost, allowance for credit losses, and fair value at June 30, 2021 and the corresponding amounts of net unrealized gains recognized in accumulated other comprehensive income (loss).
As of
Amortized
Cost
Allowance for Credit Losses Net Unrealized Gains Fair
Value
June 30, 2021
$ 17,451,918 $ - $ 3,649,862 $21,101,780

At amortized cost, net of allowance for credit losses, 96% of fixed maturities (96% at fair value) were rated 'investment grade.' The fixed maturity portfolio earned an annual taxable equivalent effective yield of 5.24% during the second quarter of 2021, compared with 5.38% in the year-ago quarter.

Globe Life is not a party to any credit default swaps and does not participate in securities lending.

8
GL Q22021 Earnings Release
GLOBE LIFE INC.
Earnings Release-Q2 2021
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
Comparable information for acquisitions of fixed maturity investments is as follows:
Fixed Maturity Acquisitions
Quarter Ended
June 30,
2021 2020
Amount $ 116,284 $ 351,034
Average annual effective yield 3.7 % 4.4 %
Average rating A A-
Average life (in years) to:
Next call 29.2 16.1
Maturity 35.4 22.8

SHARE REPURCHASE:

During the quarter, the Company repurchased 1.2 million shares of Globe Life Inc. common stock at a total cost of $123 million and an average share price of $101.05.

LIQUIDITY/CAPITAL:

Globe Life's operations consist primarily of writing basic protection life and supplemental health insurance policies which generate strong and stable cash flows. These cash flows are not impacted by volatile equity markets. During the second quarter, the Company issued $325 million of 4.250% Junior Subordinated Debentures due 2061. Refer to recent SEC filings for further information. Subsequent to the quarter, the Company redeemed $300 million of 6.125% Junior Subordinated Debentures due 2056. Liquidity at the Parent Company is sufficient to meet additional capital needs, if any, of the insurance companies.

EARNINGS GUIDANCE FOR THE YEAR ENDING DECEMBER 31, 2021:

Globe Life projects that net operating income per share will be in the range of $7.34 to $7.54 for the year ending December 31, 2021.

NON-GAAP MEASURES:

In this news release, Globe Life includes non-GAAP measures to enhance investors' understanding of management's view of the business. The non-GAAP measures are not a substitute for GAAP, but rather a supplement to increase transparency by providing broader perspective. Globe Life's definitions of non-GAAP measures may differ from other companies' definitions. More detailed financial information, including various GAAP and non-GAAP measurements, is located at https://investors.globelifeinsurance.com on the Investors page under 'Financial Reports and Other Financial Information.'

9
GL Q22021 Earnings Release

CAUTION REGARDING FORWARD-LOOKING STATEMENTS:

This press release may contain forward-looking statements within the meaning of the federal securities laws, including statements related to the expected impact of the COVID-19 outbreak on our business operations, financial results and financial condition. These prospective statements reflect management's current expectations, but are not guarantees of future performance. Whether or not actual results differ materially from forward-looking statements may depend on numerous foreseeable and unforeseeable events or developments, which may be national in scope, related to the insurance industry generally, or applicable to the Company specifically. Such events or developments could include, but are not necessarily limited to:

1) Economic and other conditions, including the COVID-19 pandemic and its impact on the U.S. economy, leading to unexpected changes in lapse rates and/or sales of our policies, as well as levels of mortality, morbidity, and utilization of health care services that differ from Globe Life's assumptions;
2) Regulatory developments, including changes in accounting standards or governmental regulations (particularly those impacting taxes and changes to the Federal Medicare program that would affect Medicare Supplement);
3) Market trends in the senior-aged health care industry that provide alternatives to traditional Medicare (such as Health Maintenance Organizations and other managed care or private plans) and that could affect the sales of traditional Medicare Supplement insurance;
4) Interest rate changes that affect product sales and/or investment portfolio yield;
5) General economic, industry sector or individual debt issuers' financial conditions (including developments and volatility arising from the COVID-19 pandemic, particularly in certain industries that may comprise part of our investment portfolio) that may affect the current market value of securities we own, or that may impair an issuer's ability to make principal and/or interest payments due on those securities;
6) Changes in pricing competition;
7) Litigation results;
8) Levels of administrative and operational efficiencies that differ from our assumptions (including any reduction in efficiencies resulting from increased costs arising from operating during the COVID-19 pandemic);
9) The ability to obtain timely and appropriate premium rate increases for health insurance policies from our regulators;
10) The customer response to new products and marketing initiatives;
11) Reported amounts in the consolidated financial statements which are based on management estimates and judgments which may differ from the actual amounts ultimately realized;
12) Compromise by a malicious actor or other event that causes a loss of secure data from, or inaccessibility to, our computer and other information technology systems;
13) The severity, magnitude and impact of the COVID-19 pandemic, including effects of the pandemic and the effects of the U.S. government's and other businesses' response to the pandemic, on our operations and personnel, and on commercial activity and demand for our products; and
14) Globe Life's ability to access the commercial paper and debt markets, particularly if such markets become unpredictable or unstable for a certain period as a result of the COVID-19 pandemic.

Readers are also directed to consider other risks and uncertainties described in other documents on file with the Securities and Exchange Commission. Globe Life specifically disclaims any obligation to update or revise any forward-looking statement because of new information, future developments or otherwise.

10
GL Q22021 Earnings Release

EARNINGS RELEASE CONFERENCE CALL WEBCAST:

Globe Life will provide a live audio webcast of its second quarter 2021 earnings release conference call with financial analysts at 11:00 am (Eastern) tomorrow, July 22, 2021. Access to the live webcast and replay will be available at https://investors.globelifeinsurance.com on the Calls and Meetings page, at the Conference Calls on the Web icon. Immediately following this press release, supplemental financial reports will be available before the conference call on the Investors page menu of the Globe Life website at 'Financial Reports.'
For additional information contact: Mike Majors, Executive Vice President - Administration and Investor Relations
Globe Life Inc.
3700 South Stonebridge Drive
P. O. Box 8080
McKinney, Texas 75070-8080
Phone: 972-569-3627 or email: investors@globe.life
Website: https://investors.globelifeinsurance.com

11
GL Q22021 Earnings Release
GLOBE LIFE INC.
Earnings Release-Q2 2021
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
APPENDIX

GLOBE LIFE INC.
GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended
June 30,
Six Months Ended
June 30,
2021 2020 2021 2020
Revenue:
Life premium $ 728,170 $ 670,822 $ 1,436,289 $ 1,320,452
Health premium 295,586 282,877 589,759 563,082
Other premium - 3 1 3
Total premium 1,023,756 953,702 2,026,049 1,883,537
Net investment income 238,308 231,568 474,128 460,559
Realized gains (losses) 8,659 (4,790) 36,811 (30,887)
Other income 388 404 683 729
Total revenue 1,271,111 1,180,884 2,537,671 2,313,938
Benefits and expenses:
Life policyholder benefits 498,471 459,845 1,016,102 881,515
Health policyholder benefits 188,854 183,496 376,683 362,207
Other policyholder benefits 7,286 7,475 14,545 15,063
Total policyholder benefits 694,611 650,816 1,407,330 1,258,785
Amortization of deferred acquisition costs 148,021 146,160 301,014 289,997
Commissions, premium taxes, and non-deferred acquisition costs 82,312 76,140 161,978 155,077
Other operating expense 79,155 72,714 160,365 151,296
Interest expense 21,769 22,813 42,947 43,621
Total benefits and expenses 1,025,868 968,643 2,073,634 1,898,776
Income before income taxes 245,243 212,241 464,037 415,162
Income tax benefit (expense) (45,625) (39,193) (85,902) (76,574)
Net income $ 199,618 $ 173,048 $ 378,135 $ 338,588
Total basic net income per common share $ 1.94 $ 1.63 $ 3.66 $ 3.17
Total diluted net income per common share $ 1.92 $ 1.62 $ 3.62 $ 3.13

12
GL Q22021 Earnings Release

Disclaimer

Globe Life Inc. published this content on 21 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 21:07:05 UTC.


© Publicnow 2021
All news about GLOBE LIFE INC.
09:26aFinancial Stocks Trade Lower Pre-Bell Thursday
MT
10/20GLOBE LIFE : October 20, 2021 - Globe Life Inc. Reports Third Quarter 2021 Results
PU
10/20GLOBE LIFE : Reports Higher Q3 Earnings; Total Revenues Climb 7% Over Year-Ago Levels
MT
10/20GLOBE LIFE : Q3 Earnings Snapshot
AQ
10/20GLOBE LIFE : REPORTS - Form 8-K
PU
10/20GLOBE LIFE INC. : Results of Operations and Financial Condition (form 8-K)
AQ
10/20TRANCHE UPDATE ON GLOBE LIFE INC. (N : GL)'s Equity Buyback Plan announced on August 5, 20..
CI
10/20Globe Life Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended Se..
CI
10/20Globe Life Inc. Provides Earnings Guidance for the Year Ending December 31, 2022
CI
10/20GLOBE LIFE : Earnings Flash (GL) GLOBE LIFE Posts Q3 EPS $1.78
MT
More news
Analyst Recommendations on GLOBE LIFE INC.
More recommendations
Financials (USD)
Sales 2021 5 048 M - -
Net income 2021 757 M - -
Net Debt 2021 1 956 M - -
P/E ratio 2021 13,5x
Yield 2021 0,79%
Capitalization 10 017 M 10 017 M -
EV / Sales 2021 2,37x
EV / Sales 2022 2,31x
Nbr of Employees 3 261
Free-Float 88,2%
Chart GLOBE LIFE INC.
Duration : Period :
Globe Life Inc. Technical Analysis Chart | GL | US37959E1029 | MarketScreener
Technical analysis trends GLOBE LIFE INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Last Close Price 98,48 $
Average target price 107,00 $
Spread / Average Target 8,65%
EPS Revisions
Managers and Directors
Larry M. Hutchison Co-Chairman & Co-Chief Executive Officer
Gary L. Coleman Co-Chairman & Co-Chief Executive Officer
Frank M. Svoboda Chief Financial Officer & Executive Vice President
James Eric McPartland Chief Information Officer & Executive VP
Joel P. Scarborough Senior Vice President-Legal & Compliance