Globe Life Inc. reported its third quarter 2026 financial results on October 21, 2026. For the quarter ended September 30, 2026, the company reported diluted net income of $4.62 per share, a decrease from $4.73 per share in the prior year's quarter. Net operating income, a non-GAAP measure, was reported at $4.84 per diluted common share, compared to $4.81 per share in the year-ago quarter.
The company reported a net income return on equity (ROE) of 19.7% for the nine months ended September 30, 2026, down from 21.9% in the same period last year. Book value per share was reported at $85.35, an increase of 23% over the year-ago quarter. Excluding accumulated other comprehensive income (AOCI), book value per share was $103.62, an increase of 11% year-over-year.
Total premium revenue grew 7% over the year-ago quarter, reaching $1.311 billion. Life insurance accounted for 80% of the company's insurance underwriting margin and 66% of total premium revenue. Life premium revenue increased 2% to $864.6 million, while health premium revenue increased 16% to $446.9 million.
Regarding specific divisions, the American Income Life Division saw life premium increase 4% and life underwriting margin increase 3%. The Liberty National Division reported life net sales increased 7% and life premium increased 4%, with the average producing agent count increasing 9%. The Family Heritage Division reported health underwriting margin increased 12%, health premium increased 8%, and health net sales increased 5%.
In a capital allocation update, Globe Life repurchased 1.1 million shares of common stock during the quarter at a total cost of $185 million. The company noted that the current period includes a remeasurement gain of $120.5 million due to assumption updates, compared to $134.3 million in the prior year's quarter.
