Insurer Globe Life Q3 profit jumps on strong investment returns, premium growth [Yahoo! Finance Canada]
Globe Life Inc. (GL)
Last globe life inc. earnings: 4/22 04:10 pm
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Source: Yahoo! Finance Canada
Elevated interest rates have boosted yields from bonds that insurers hold in their investment portfolios, while a strong economy and a rally in equities have also benefited their stock holdings. Globe Life's net investment income climbed 7%. Its insurance premium revenue also rose 5% to $1.17 billion in the quarter. The Texas-based company ranks among the top three losers in the S&P 500 Financial Index this year, partly due to ongoing regulatory issues. Last month, Globe Life announced it may face a lawsuit from the Equal Employment Opportunity Commission for alleged discrimination against six of its sales agents. It also reported a financial extortion threat from an unidentified party over crucial data last week. Although the company has not released further updates regarding the incident, it anticipates no material impact on its earnings. Globe Life's profit rose to $303 million, or $3.44 per share, for the three months ended September 30, from $257.1 million, or $2.68
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News
- Globe Life Boosts Shareholder Value, Okays Buyback Program [Yahoo! Finance]Yahoo! Finance
- Globe Life (GL) Is Recovering From Fraud Allegations [Yahoo! Finance]Yahoo! Finance
- Globe Life Announces New Share Repurchase Authorization [Yahoo! Finance]Yahoo! Finance
- Globe Life Announces New Share Repurchase AuthorizationPR Newswire
- Globe Life's (NYSE:GL) investors will be pleased with their 21% return over the last three years [Yahoo! Finance]Yahoo! Finance
GL
Earnings
- 10/23/24 - Beat
GL
Sec Filings
- 11/19/24 - Form 8-K
- 11/19/24 - Form 4
- 11/15/24 - Form 8-K
- GL's page on the SEC website