Globe Life Inc.: Share Repurchase & M&A Strategy to Effectively Navigate Competitive Market Dynamics!

Globe Life reported a fourth-quarter net income of $255 million, or $3.01 per share, compared to $275 million, or $2.88 per share, in the prior year. Net operating income increased 12% to $266 million, or $3.14 per share. Return on equity stood at 21.7%, while book value per share, excluding accumulated other comprehensive income, rose 13% to $86.40. The company demonstrated growth in premium revenue across its life and health insurance segments, with life insurance premiums increasing 4% to $823 million and health insurance premiums rising 7% to $358 million. However, health underwriting margin declined 6% due to higher claim costs at United American. Life underwriting margin improved 10% to $336 million, supported by premium growth and lower policy obligations.