Torchmark Corp. (TMK) Tops Q1 EPS by 6c

Torchmark Corp. (NYSE: TMK) reported Q1 EPS of $1.65, $0.06 better than the analyst estimate of $1.59. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.11 billion.

• Net income as an ROE was 12.9%. Net operating income as an ROE excluding net unrealized gains on fixed maturities was 14.7%.
• Life underwriting margin at Globe Life Direct Response increased over the year-ago quarter by 11% and American Income Exclusive Agency and Liberty National Exclusive Agency both increased over the year-ago quarter by 10%.
• Health underwriting margin at Family Heritage Exclusive Agency increased over the year-ago quarter by 14%.
• Life premiums increased over the year-ago quarter by 7% at American Income Exclusive Agency and health premiums increased over the year-ago quarter by 8% at Family Heritage Exclusive Agency.
• Net life sales at Liberty National Exclusive Agency increased over the year-ago quarter by 8% and net health sales at Liberty National Exclusive Agency increased over the year-ago quarter by 12%.
• 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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