GL · Globe Life Inc.

Globe Life Inc. delivered strong Q1 2026 results with net income of $3.39 per diluted share, a 13% increase from $3.01 year-ago, driven by 5% growth in insurance underwriting income to $352 million and 2% rise in excess investment income to $37 million. Net operating income reached $3.43 per share, up 12%, reflecting solid operational execution across divisions. Life insurance, comprising 79% of underwriting margin, saw premiums up 3% to $853 million and net sales up 6%, with American Income Life up 3% in net sales and 7% in underwriting margin, Liberty National up 13% in net sales and 11% in margin, and Direct to Consumer up 8% in net sales and 15% in margin. Health insurance showed exceptional momentum with net sales surging 58% to $106 million and premiums up 13% to $417 million, led by United American's 122% net sales growth from $28 million to $62 million and Family Heritage's 22% increase. Producing agent counts expanded at Liberty National (9%) and Family Heritage (10%). The company repurchased 1.4 million shares for $203 million, supporting book value per share excluding AOCI growth to $98.56, up 12%, with ROE of 14.0%. Management raised full-year 2026 earnings guidance to $15.40-$15.90 per share, signaling confidence in sustained growth across core divisions.