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GLBullishEarningsnews
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Globe Life (GL) Q2 Earnings Beat on Solid Underwriting Income

Jul 25, 2024, 11:36 AM EDT1 sourcesAI-analyzed

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GL's Q2 2024 net income beat estimates by 2.4%. Premium revenues increased by 5% to $1.2 billion year-over-year. Excess investment income surged 36% to $42.7 million. Shareholder equity rose 7.1% to $7.41 billion. GL projected 2024 net operating income of $11.80-$12.10 per share.

  • GL's Q2 2024 net income beat estimates by 2.4%.
  • Premium revenues increased by 5% to $1.2 billion year-over-year.
  • Excess investment income surged 36% to $42.7 million.
  • Shareholder equity rose 7.1% to $7.41 billion.
  • GL projected 2024 net operating income of $11.80-$12.10 per share.

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