NYSE$GL

Globe Life Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Globe Life's financial performance for Q2 2022 revealed a decrease in net income per diluted common share, but an increase in net operating income per diluted common share, with life and health premiums and sales showing growth in specific divisions.

Globe Life reported a decrease in net income per diluted common share to $1.79, compared to $1.92 in the year-ago quarter. However, net operating income per diluted common share increased to $2.07 from $1.85 in the same period last year. Life and health premiums, along with life net sales, experienced growth in certain divisions.

  • Net income as an ROE was 9.8% for the six months ended June 30, 2022.
  • Life premiums increased 8% at the American Income Life Division and 5% at the Liberty National Division over the year-ago quarter.
  • Total health premiums increased over the year-ago quarter by 8%.
  • Life net sales increased 16% at the American Income Life Division and 7% at the Liberty National Division over the year-ago quarter.

Headline financials

Total Revenue

$1.29B

Previous: $1.27B+1.7%
EPS (adj)

$2.07

Previous: $1.85+11.9%
Capital Expenditures

-$13.6M

Previous: -$23.7M+42.6%
Free Cash Flow

$163M

Previous: $176M-7.1%
Net Income

$177M

Previous: $200M-11.3%
Operating Income

$252M

Previous: $237M+6.4%
Gross Profit

$247M

Previous: $237M+4.6%
Cash & Equivalents

$172M

Previous: $138M+24.8%
Total Assets

$26B

Previous: $29.6B-12.0%

Revenue & EPS history

Globe Life · Revenue · Quarterly

$1.29B

Q2 2022+1.7%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Globe Life · $1.08B total across 2 segments · Q2 2022

  • Life Insurance
    $760M+4.4%
  • Health Insurance
    $319M+8.0%

Forward guidance

Globe Life projects that net operating income per share will be in the range of $7.90 to $8.30 for the year ending December 31, 2022.

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 Q2 2022

Historical avgQ2 2022

+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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