Torchmark Corp. (TMK) Tops Q3 EPS by 6c, Revenues Beat
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Torchmark Corporation Reports Third Quarter 2018 Results
October 24, 2018 4:10 PM EDTMCKINNEY, Texas, Oct. 24, 2018 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) reported today that for the quarter ended September 30, 2018, net income was $1.55 per diluted common share(1), compared with $1.29 per diluted common share for the year-ago quarter. Net operating income for the quarter was $1.59 per diluted common share(1), compared with $1.23 per diluted common share for the year-ago quarter.
HIGHLIGHTS:
Net income as an ROE(1) was 12.4%. Net operating income as an ROE excluding net unrealized gains on fixed maturities(1) was 14.7%. Life underwriting margins increased over the year-ago quarter by 10%... More