MCKINNEY, Texas (AP) — MCKINNEY, Texas (AP) — Globe Life Inc. (GL) on Wednesday reported second-quarter net income of $252.7 million.
The McKinney, Texas-based company said it had profit of $3.05 per share. Earnings, adjusted for investment costs and non-recurring costs, came to $3.27 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.25 per share.
The life and health insurance company posted revenue of $1.48 billion in the period. Its adjusted revenue was $1.5 billion, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.51 billion.
Globe Life expects full-year earnings in the range of $14.25 to $14.65 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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