Insurer Globe Life beats Q3 revenue estimates; cuts FY forecast
GL•Globe Life reported Q3 revenue of $1.6 billion, above the $1.54 billion analyst consensus, as premium revenue rose 7% year over year. The company lowered its 2026 net operating income guidance to $15.35-$15.65 per share and raised its 2026 share repurchase target to $725 million-$775 million.
1. Quarterly results
Globe Life's Q3 revenue was $1.6 billion, beating the $1.54 billion analyst consensus. Net operating income per share rose slightly from a year earlier, while total premium revenue increased 7%, driven by gains in life and health insurance premiums.
2. Updated outlook
The company lowered its 2026 net operating income guidance to $15.35-$15.65 per share, citing two items affecting results at its United American General Agency division. It expects 2027 net operating income per share of $16.10-$17.10 and raised its 2026 share repurchase target to $725 million-$775 million from $670 million-$700 million. Globe Life repurchased 1.1 million shares for $185 million during the quarter.
