Globe Life Posts First Earnings Under New Name

October 29, 2019 by Allison Bell

Globe Life Inc. — the company formerly known as Torchmark Corp. — says it increased the number of agents selling its products in the third quarter by changing agent pay.

Executives from the McKinney, Texas-based life insurer and insurance distributor talked about the company’s agent force Thursday, during a conference call the company held to go over its earnings with securities analysts.

Globe Life writes and sells life insurance and supplemental health products to middle-income consumers.

The company is reporting $202 million in net income for the third quarter on $1.1 billion in revenue, up from $179 million in net income on $1.1 billion in revenue for the third quarter of 2018.

Click HERE to read the full story via ThinkAdvisor.

Originally Posted at ThinkAdvisor on October 28, 2019 by Allison Bell.