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Kritika Sarmah

What You Need to Know Ahead of Globe Life’s Earnings Release

Globe Life GL Life Insurance

Globe Life Inc. (GL), with a market cap of $7.5 billion, is a financial services holding company headquartered in McKinney, Texas. It operates through its subsidiaries that offer life insurance, annuities, and supplemental health insurance products. The company is expected to announce its fiscal Q2 earnings results on Wednesday, Jul. 24.

Ahead of the event, analysts expect Globe Life to report a profit of $2.89 per share, up 10.7% from $2.61 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on one other occasion. It reported an EPS of $2.78 in the last reported quarter, marginally missing the consensus estimate.

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