Globe Life premiums rise 7% as quarterly profit falls

Globe Life reported third-quarter net income of $361.1 million, down from $387.8 million a year earlier, while premium revenue rose 7% to $1.31 billion.

Health insurance premiums increased 16% to $446.9 million, while life insurance premiums grew 2% to $864.6 million. Net operating income fell 4% to $378.8 million, although operating earnings per share rose slightly to $4.84 as the company’s share count declined.

Sales varied by distribution channel. Liberty National’s life insurance net sales rose 7%, while direct-to-consumer life sales fell 12%. American Income’s life sales were flat, and its average producing agent count declined 7% to 11,331.

United American reported a $6.4 million health underwriting loss, reflecting approximately $16 million in underwriting losses at group health business Evry and $7 million in excess prior-period Medicare Supplement claims tied to a federal claims processing delay.

Globe Life adjusted its full-year 2026 operating earnings guidance to $15.35–$15.65 per share, citing those health insurance issues. It expects $16.10–$17.10 per share in 2027.