MCKINNEY, Texas (AP) — MCKINNEY, Texas (AP) — Globe Life Inc. (GL) on Wednesday reported third-quarter earnings of $387.8 million.
On a per-share basis, the McKinney, Texas-based company said it had profit of $4.73. Earnings, adjusted for investment costs, were $4.81 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.54 per share.
The life and health insurance company posted revenue of $1.51 billion in the period. Its adjusted revenue was $1.52 billion, meeting Street forecasts.
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