MCKINNEY, Texas , Oct. 23, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL ) reported today that for the quarter ended September 30, 2024 , net income was $3.
44 per diluted common share, compared with $2.68 per diluted common share for the year-ago quarter. Net operating income for the quarter was $3.
49 per diluted common share, compared with $2.71 per diluted common share for the year-ago quarter. HIGHLIGHTS: Net income as an ROE (1) was 22.
4% for the nine months ended September 30, 2024 . Net operating income as an ROE(1) excluding accumulated other comprehensive income (AOCI) was 15.3% for the same period.
Net income (1) increased 18% and net operating income increased 19% over the year-ago quarter. At the American Income Life Division, life net sales and life premiums increased over the year-ago quarter by 19% and 7%, respectively. Additionally, the average producing agent count increased 10% over the year-ago quarter.
At the Liberty National Division, the average producing agent count increased 14% over the year-ago quarter and life premiums increased 6%. At the Family Heritage Division, health net sales increased 16% and health premiums increased 8% over the year-ago quarter. Additionally, the average producing agent count increased 8% over the year-ago quarter.
Total underwriting margin (1) increased 19% over the year-ago quarter. Net investment income grew 7% over the year-ago quarter. 5.
8 million shares of Globe Life Inc. common stock at a total cost of $580 million w.
