Globe Life Inc. reported its financial results for the second quarter of 2025, revealing a net income of $252.7 million, a slight decrease from $258.4 million in the same period last year. For the first half of 2025, net income totaled $507.3 million, compared to $512.6 million in the first half of 2024. The company's diluted earnings per share increased to $3.05 for the second quarter and $6.07 for the first half, reflecting a 7.8% rise from $5.51 in the previous year. Total revenue for the second quarter reached $1.48 billion, up from $1.44 billion a year earlier, driven by a 4.3% increase in total premium income, which amounted to $1.22 billion.
In terms of operational performance, Globe Life's life premium increased by 3% to $839.5 million for the second quarter, while health premium rose by 7.5% to $378.1 million. The total premium for the first half of 2025 was $2.42 billion, a 4.5% increase from $2.31 billion in the prior year. The company also reported a 6% increase in total net sales, which reached $439 million, and a 4% rise in the average producing agent count across its exclusive agencies.
Strategically, Globe Life has been active in share repurchases, buying back 3.3 million shares for $403 million during the first half of 2025. The company also announced the acquisition of real estate in McKinney, Texas, for $80 million, aimed at enhancing operational efficiency. Additionally, Globe Life entered into a facility agreement to issue $500 million in pre-capitalized trust securities, providing further liquidity for corporate purposes.
Looking ahead, Globe Life maintains a positive outlook, with management emphasizing the importance of premium growth and operational efficiency. The company aims to continue leveraging its investment portfolio to support its insurance liabilities while managing costs effectively. The overall financial health remains strong, with a book value per share of $66.07, reflecting a 14% increase from the previous year. The company is committed to maintaining its targeted risk-based capital ratios and ensuring sufficient liquidity to support its operations and growth initiatives.
About GLOBE LIFE INC.
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