NYSE$GL

Globe Life Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Globe Life's financial performance for Q1 2021 showed increased net income per diluted share, but a decrease in net operating income per diluted share. The company experienced growth in life and health premiums, along with increased life net sales across multiple divisions.

Globe Life reported a rise in net income per diluted share to $1.70, compared to $1.52 in the previous year's quarter. However, net operating income per diluted share decreased to $1.53 from $1.73 in the same period last year. The company saw growth in life and health premiums and an increase in life net sales.

  • Net income was $1.70 per diluted common share, up from $1.52 year-over-year.
  • Net operating income was $1.53 per diluted common share, down from $1.73 year-over-year.
  • Life premiums increased by 11% at both the American Income Life Division and the Direct to Consumer Division.
  • Health premiums increased by 8% at the Family Heritage Division.

Headline financials

Total Revenue

$1.27B

Previous: $1.13B+11.8%
EPS (adj)

$1.53

Previous: $1.73-11.6%
Capital Expenditures

-$15.5M

Previous: -$9.32M-66.7%
Free Cash Flow

$163M

Previous: $156M+4.3%
Net Income

$179M

Previous: $166M+7.8%
Operating Income

$195M

Previous: $232M-15.9%
Gross Profit

$191M

Previous: $229M-16.8%
Cash & Equivalents

$81.5M

Previous: $90.4M-9.8%
Total Assets

$28.1B

Previous: $25.4B+10.9%

Revenue & EPS history

Globe Life · Revenue · Quarterly

$1.27B

Q1 2021+11.8%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Globe Life · $1B total across 2 segments · Q1 2021

  • Life Insurance
    $708M+9.0%
  • Health Insurance
    $294M+5.0%

Forward guidance

Globe Life projects that net operating income per share will be in the range of $7.21 to $7.51 for the year ending December 31, 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.3%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.8%

Avg return

30 days after

51%

37 / 72 earnings

Positive

+13.5%

Q1 2024

Best reaction

-4.6%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.7%+0.9%+3.4%
Q4 2025+1.5%-2.0%-1.8%
Q3 2025-0.0%-0.9%-2.4%
Q2 2025-2.3%+0.4%+2.7%
Q1 2025-4.6%-2.4%-1.2%
Q4 2024-2.5%-1.3%+2.0%
Q3 2024-1.5%-5.0%-0.5%
Q2 2024-0.5%+2.8%+12.6%
Q1 2024+13.5%+13.5%+28.3%
Q4 2023+3.1%+4.2%+2.0%
Q3 2023+2.0%+1.9%+9.0%
Q2 2023-2.6%-1.7%-2.3%
Q1 2023-1.5%+0.8%-0.4%
Q4 2022-3.4%+0.5%-0.2%
Q3 2022-2.4%+0.8%+2.3%
Q2 2022-1.1%-1.5%-1.9%
Q1 2022+3.1%-0.6%-8.9%
Q4 2021-0.3%+1.0%-5.4%
Q3 2021-4.2%-4.9%-5.2%
Q2 2021-0.2%+0.8%+2.0%
Q1 2021-1.2%-0.8%+2.1%
Q4 2020-0.5%+2.6%+3.5%
Q3 2020+3.6%+0.5%+11.8%
Q2 2020+6.8%+5.8%+7.3%
Q1 2020+1.8%+11.9%-1.3%
Q4 2019+2.8%+3.0%-15.0%
Q3 2019+0.6%+0.9%+5.2%
Q2 2019+0.9%+0.6%-5.7%
Q1 2019+1.9%-0.0%+0.3%
Q4 2018-1.6%-2.9%-2.7%
Q3 2018-1.3%-1.3%+2.3%
Q2 2018+2.7%+4.3%+4.6%
Q1 2018+2.2%+1.8%+0.3%
Q4 2017-3.5%+0.1%+4.7%
Q3 2017+1.1%+1.5%+1.8%
Q2 2017+0.0%+0.2%-1.4%
Q1 2017+1.3%+3.0%-0.8%
Q4 2016+0.2%+1.2%+6.3%
Q3 2016-0.8%-0.5%+11.4%
Q2 2016+0.6%-0.6%+2.9%
Q1 2016+2.3%
Q4 2015-0.7%
Q3 2015-3.8%
Q2 2015-3.7%
Q1 2015+0.2%
Q4 2014+1.8%
Q3 2014-4.4%
Q2 2014-1.5%
Q1 2014+1.2%
Q4 2013-2.9%
Q3 2013-1.9%
Q2 2013+0.4%
Q1 2013+2.4%
Q4 2012-1.8%
Q3 2012-1.3%
Q2 2012-2.6%
Q1 2012-0.4%
Q4 2011-0.4%
Q3 2011-2.9%
Q2 2011-2.7%
Q1 2011+2.1%
Q4 2010+0.3%
Q3 2010-1.0%
Q2 2010+1.2%
Q1 2010+2.5%
Q4 2009+1.6%
Q4 2007+1.6%
Q3 2009+5.2%
Q3 2008+5.2%
Q2 2009+2.5%
Q2 2008+2.5%
Q4 2008+2.5%

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