MCKINNEY, Texas (AP) — MCKINNEY, Texas (AP) — Globe Life Inc. (GL) on Wednesday reported fourth-quarter net income of $266.1 million.
On a per-share basis, the McKinney, Texas-based company said it had profit of $3.29. Earnings, adjusted for investment costs, came to $3.39 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.44 per share.
The life and health insurance company posted revenue of $1.52 billion in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $1.54 billion.
For the year, the company reported profit of $1.16 billion, or $14.07 per share. Revenue was reported as $6.02 billion.
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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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