Torchmark Corp. (TMK) Tops Q2 EPS by 10c

Torchmark Corp. (NYSE: TMK) reported Q2 EPS of $1.59, $0.10 better than the analyst estimate of $1.49.

HIGHLIGHTS:

• Net income as an ROE(1) was 12.2%. Net operating income as an ROE excluding net unrealized gains on fixed maturities(1) was 14.6%.
• Life underwriting margins increased over the year-ago quarter by 9% and health underwriting margins increased over the year-ago quarter by 8%.
• Life premiums increased over the year-ago quarter by 9% at American Income and health premiums increased by 8% at Family Heritage.
• Average producing agent count increased over the year-ago quarter by 9% at Liberty National.
• 1.0 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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