Globe Life quarterly profit rises on strong underwriting

Globe Life

22/04/2026 22:15

April 22 (Reuters) - Life and supplemental health insurance company Globe Life GL.N reported a rise in first-quarter profit on Wednesday, helped by strong underwriting and demand for insurance.

Insurance demand has stayed resilient as consumers prioritize financial security amid inflation worries driven by the Middle East conflict.

Here are some details:

The McKinney, Texas-based company's net investment income came in at $289.8 million, compared with $280.6 million in the year-ago quarter.

Insurers typically invest a portion of their capital to various asset classes, including fixed-income securities and equities.

Globe Life's insurance underwriting income increased 11% in the first quarter ended March 31 to $4.42 per share.

Net sales of life insurance increased 6% and net health sales increased 58% for the quarter.

Life insurance accounted for 67% of total premium revenue and health insurance accounted for 33%.

Its net income came in at $270.5 million, or $3.39 per share, in the three months ended March 31, compared with $254.6 million, or $3.01 per share, a year ago.

 (Reporting by Pragyan Kalita in Bengaluru; Editing by Pooja Desai)

 ((Pragyan.Kalita@thomsonreuters.com;))