Globe Life (GL) To Report Q3 Earnings: What's In The Cards?
Zacks Investment Research | Oct 16, 2019 11:18PM ET
Globe Life (NYSE:GL) is slated to report third-quarter 2019 results on Oct 23, after market close. The company delivered positive earnings surprise in the two reported quarters of 2019.
Let’s see how things are shaping up for this announcement.
Better performance across distribution channels is likely to have aided Globe Life’s third-quarter premiums. Increased agent count is expected to have boosted sales.
Continued superior performance at American Income, consistent operations at Global Life and growth at Liberty National likely are likely to have aided life premiums.
Focus on growth of the supplemental health insurance line of business, with a return-of-premium feature, is likely to have aided margin.
Higher pension costs and investments in IT systems are likely to have resulted in increase in administrative expenses, which, in turn, may reflect in the bottom line.
Nonetheless, continued buyback is expected to have boosted the bottom line.
The Zacks Consensus Estimate for earnings stands at $1.70, implying 6.9% growth from the year-ago quarter figure on 3.8% higher revenues of $1.1 billion.
Globe Life Inc. Price and EPS Surprise
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