NYSE$GL

Globe Life Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Globe Life's Q4 2020 results were reported with net income at $1.93 per diluted common share, compared to $1.69 in the year-ago quarter.

Globe Life Inc. reported a net income of $1.93 per diluted common share for Q4 2020, compared to $1.69 per diluted common share for the year-ago quarter. Net operating income for the quarter was $1.74 per diluted common share, compared with $1.70 per diluted common share for the year-ago quarter. The company repurchased 1.4 million shares of its common stock during the quarter. COVID-19 life claims incurred were $27 million for the quarter.

  • Net income was $1.93 per diluted common share, compared to $1.69 per diluted common share for the year-ago quarter.
  • Net operating income was $1.74 per diluted common share, compared with $1.70 per diluted common share for the year-ago quarter.
  • Life premiums increased over the year-ago quarter by 10% at the American Income Life Division and 7% at the Direct to Consumer Division.
  • The Company repurchased 1.4 million shares of Globe Life Inc. common stock during the quarter.

Headline financials

Total Revenue

$1.23B

Previous: $1.14B+8.1%
EPS (adj)

$1.74

Previous: $1.70+2.4%
Capital Expenditures

$13M

Previous: $12.2M+6.7%
Free Cash Flow

$385M

Previous: $322M+19.7%
Net Income

$204M

Previous: $187M+9.2%
Operating Income

$250M

Previous: $188M+32.9%
Gross Profit

$4.44B

Previous: $4.22B+5.1%
Cash & Equivalents

$94.8M

Previous: $75.9M+24.9%
Total Assets

$29B

Previous: $26B+11.8%
Stock-Based Comp

$35.9M

Previous: $44.8M-20.0%

Revenue & EPS history

Globe Life · Revenue · Quarterly

$1.23B

Q4 2020+8.1%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Globe Life · $969M total across 2 segments · Q4 2020

  • Life Insurance
    $678M+7.4%
  • Health Insurance
    $290M+5.5%

Forward guidance

Globe Life projects that net operating income per share will be in the range of $7.16 to $7.56 for the year ending December 31, 2021. The decline from previous guidance is due primarily to an increase in estimated future COVID death claims.

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 Q4 2020

Historical avgQ4 2020

+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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