Globe Life Inc. (NYSE: GL), based in McKinney, Texas, announced robust financial results for the third quarter of 2025, revealing a significant increase in both net income and net operating income. For the quarter ending September 30, 2025, the company reported a net income of $4.73 per diluted common share, a notable rise from $3.44 per diluted common share in the same quarter last year. The net operating income also saw a healthy increase, rising to $4.81 per diluted common share, compared to $3.49 per diluted common share in the prior year.
Net income as a return on equity (ROE) was recorded at 21.9% for the nine months ending September 30, 2025, while net operating income ROE, excluding accumulated other comprehensive income (AOCI), stood at 16.6%. The year-over-year growth is impressive, with both net income and net operating income per share increasing by 38% compared to the previous year.
Insurance and Health Premium Performance
In terms of operational highlights, life premiums increased by 5% year-over-year at the American Income Life and Liberty National Divisions. The Family Heritage Division experienced significant growth, with health net sales surging by 13% and health premiums rising by 10%. The Direct to Consumer Division also performed well, reporting a 13% increase in life net sales. Overall, the average producing agent count rose by 9% compared to the previous year.
The life underwriting margin increased by 24%, while the health underwriting margin saw a 25% boost over the same quarter last year. Globe Life repurchased 840,242 shares of its common stock during the quarter at a total cost of $113 million, reflecting the company’s strong position in the market.
Investment and Future Outlook
Management highlighted that net operating income is a key measure for assessing the company’s operating performance, as it excludes certain non-operating items that can distort earnings figures. The company’s financial results indicate a favorable outlook, with anticipated net operating income projected between $14.40 and $14.60 per diluted common share for the year ending December 31, 2025, and an estimated increase to between $14.60 and $15.30 for 2026.
The investment income remained stable, with net investment income recorded at $286 million for the quarter. The company reported total premium revenue of $1.23 billion, which was a 5% increase compared to $1.17 billion in the prior year.
Globe Life’s strong earnings performance and positive growth trends reflect its solid business strategy and market position in the life and health insurance sectors. As the company continues to adapt to changing market conditions, its focus on sustainable growth and shareholder value remains a top priority.