WASHINGTON (dpa-AFX) - Globe Life Inc. (GL) reported earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $211.56 million, or $2.14 per share. This compares with $177.95 million, or $1.76 per share, in last year's fourth quarter.
Excluding items, Globe Life Inc. reported adjusted earnings of $220.54 million or $2.24 per share for the period.
Analysts on average had expected the company to earn $2.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.5% to $1.32 billion from $1.30 billion last year.
Globe Life Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $211.56 Mln. vs. $177.95 Mln. last year. -EPS (Q4): $2.14 vs. $1.76 last year. -Analyst Estimate: $2.17 -Revenue (Q4): $1.32 Bln vs. $1.30 Bln last year.
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