Torchmark Corp. (TMK) Tops Q2 EPS by 2c
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Torchmark Corporation Reports Second Quarter 2016 Results
July 27, 2016 4:05 PM EDTMCKINNEY, Texas, July 27, 2016 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) reported today that for the quarter ended June 30, 2016, net income was $1.13 per diluted common share, compared with $1.00 per diluted common share for the year-ago quarter. Net operating income from continuing operations for the quarter was $1.11 per diluted common share, compared with $1.03 per diluted common share for the year-ago quarter.
HIGHLIGHTS:
Net income as a ROE was 11.8%. Net operating income as a ROE excluding net unrealized gains on fixed maturities was 14.6%. Net life sales increased 10% at... More