Insurance
Home›Insurance›Industry & Deals›Globe Life Q2 revenue rises 7% as underwriting margins…
Globe Life Q2 revenue rises 7% as underwriting margins improve
Life and health divisions posted broader underwriting gains, lifting net operating income per diluted share to $3.61 and increasing full-year 2026 earnings guidance by 10 cents at the midpoint.
Globe Life Inc. reported Q2 2026 total premium revenue of $1.3 billion, up 7% from the year-ago quarter, as underwriting gains spread across its life and health divisions, according to Insurance Business. Net income rose to $3.65 per diluted share from $3.05 a year earlier, while net operating income increased to $3.61 per diluted share from $3.27.
The American Income Life Division saw life premium grow 5% year over year, and its life underwriting margin rise 4%. In the Direct to Consumer Division, life underwriting margin increased 10%, though life net sales fell 15% year over year; at the Liberty National Division, life underwriting margin climbed 10% and life net sales rose 6% year over year, with average producing agent count up 8%.
In health, the Family Heritage Division reported a 10% gain in health underwriting margin, a 9% rise in health premium, and 4% growth in health net sales, with producing agent count up 7%. The United American Division posted health premium growth of 29% to $211.4 million and health net sales up 10% year over year, with the outlet noting Globe Life had previously linked United American momentum to disruption in the Medicare Advantage market and beneficiaries moving into Medicare Supplement plans.
Globe Life also reported total insurance underwriting income of $370.3 million, up 5% from $354.2 million in the same period of 2025, and said it raised its full-year 2026 earnings guidance to $15.55 to $15.95 per diluted share, an increase of $0.10 at the midpoint. During the quarter, the McKinney, Texas-based insurer repurchased 1.1 million shares for $175 million at an average price of $154.28.