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Globe Life: Q4 Earnings Snapshot
By AP News - Feb 05, 2025, 04:39 PM ET
Last Updated - Feb 05, 2025, 04:39 PM EST
MCKINNEY, Texas (AP) — MCKINNEY, Texas (AP) — Globe Life Inc. (GL) on Wednesday reported fourth-quarter profit of $255.2 million.
On a per-share basis, the McKinney, Texas-based company said it had profit of $3.01. Earnings, adjusted for investment costs, came to $3.14 per share.
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The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.10 per share.
The life and health insurance company posted revenue of $1.47 billion in the period. Its adjusted revenue was $1.46 billion, missing Street forecasts. Four analysts surveyed by Zacks expected $1.48 billion.
For the year, the company reported profit of $1.07 billion, or $11.94 per share. Revenue was reported as $5.8 billion.
Globe Life expects full-year earnings in the range of $13.45 to $14.05 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
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