Torchmark Corp. (TMK) Misses Q1 EPS by 1c; CEO Stepping Down

April 24, 2012 5:10 PM EDT
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Torchmark Corp. (NYSE: TMK) reported Q1 EPS of $1.27, $0.01 worse than the analyst estimate of $1.28.

Torchmark Corp. sees FY2012 EPS of $5.10-$5.40, versus the consensus of $5.27.

Effective June 1, 2012, Chairman and Chief Executive Officer Mark S. McAndrew, with 32 years of service to Torchmark, will step down as Chief Executive Officer. Mr. McAndrew will continue to serve in an executive capacity as Chairman of the Board of Directors.

The Torchmark Board of Directors has unanimously appointed Gary L. Coleman, currently Torchmark's Executive Vice President and Chief Financial Officer, and Larry M. Hutchison, currently Torchmark's Executive Vice President and General Counsel, as co-Chief Executive Officers, effective June 1, 2012.
For earnings history and earnings-related data on Torchmark Corp. (TMK) click here.

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