Torchmark Corp. (TMK) Tops Q2 EPS by 10c
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Torchmark Corporation Reports Second Quarter 2018 Results
July 25, 2018 4:10 PM EDTMCKINNEY, Texas, July 25, 2018 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) reported today that for the quarter ended June 30, 2018, net income was $1.59 per diluted common share(1), compared with $1.18 per diluted common share for the year-ago quarter. Net operating income for the quarter was $1.51 per diluted common share(1), compared with $1.19 per diluted common share for the year-ago quarter.
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%... More