Globe Life: Q2 Earnings Snapshot

MCKINNEY, Texas (AP) — MCKINNEY, Texas (AP) — Globe Life Inc. (GL) on Wednesday reported second-quarter profit of $258.4 million.

On a per-share basis, the McKinney, Texas-based company said it had profit of $2.83. Earnings, adjusted for investment costs, were $2.97 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.90 per share.

The life and health insurance company posted revenue of $1.44 billion in the period. Its adjusted revenue was $1.45 billion, matching Street forecasts.

Globe Life expects full-year earnings in the range of $11.80 to $12.10 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GL at https://www.zacks.com/ap/GL