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NEW YORK - Globe Life Inc. (NYSE:GL) reported second-quarter earnings that exceeded analyst expectations, though revenue fell short of forecasts, sending shares down 0.6% in after-hours trading.
The McKinney, Texas-based insurance company posted adjusted earnings of $3.27 per share for the quarter ended June 30, 2025, beating the analyst consensus of $3.25. However, revenue came in at $1.48 billion, below the $1.51 billion analysts had expected. Compared to the same period last year, adjusted earnings per share increased 10% from $2.97, while total premium revenue grew 4% to $1.22 billion.
Life insurance, which accounted for 78% of the company’s insurance underwriting margin and 69% of total premium revenue, saw premiums increase 3% YoY to $839.5 million. Health insurance premiums rose 8% to $378.1 million compared to the year-ago quarter.
During the quarter, Globe Life repurchased 1.9 million shares of its common stock at a total cost of $226 million and an average share price of $121.13.
The company reaffirmed its full-year 2025 guidance, projecting net operating income between $14.25 and $14.65 per diluted common share.
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