Globe Life Reports $1.6B Quarterly Revenue and Authorizes $2.5B Buyback
Globe Life posted $1.60 billion in quarterly revenue, up 8% year on year, with earnings per share of $3.61 slightly below analysts’ $3.67 expectations. The board authorized a $2.5 billion share repurchase program, potentially buying up to 17.7% of outstanding stock, while analysts rate the shares a Moderate Buy with an average target of $191.67.