Torchmark Corp. (TMK) Misses Q1 EPS by 1c

Torchmark Corp. (NYSE: TMK) reported Q1 EPS of $1.13, $0.01 worse than the analyst estimate of $1.14. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.01 billion.

HIGHLIGHTS:

• Net income as a ROE was 11.5%. Net operating income as a ROE excluding net unrealized gains on fixed maturities was 14.2%.
• American Income life premiums increased 9% over the year-ago quarter.
• Net life sales increased over the year-ago quarter by 16% at Liberty National and 6% at American Income.
• Net health sales increased 26% at Family Heritage over the year-ago quarter.
• Average agent counts increased over the year-ago quarter by 18% at Liberty National, 8% at American Income and 8% at Family Heritage.
• 1.1 million shares of common stock were repurchased during the quarter.

For earnings history and earnings-related data on Torchmark Corp. (TMK) click here.

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