Globe Life Posts First Earnings Under New Name
October 29, 2019 by Allison Bell
Globe Life Inc. — the company formerly known as Torchmark Corp. — says it increased the number of agents selling its products in the third quarter by changing agent pay.
Executives from the McKinney, Texas-based life insurer and insurance distributor talked about the company’s agent force Thursday, during a conference call the company held to go over its earnings with securities analysts.
Globe Life writes and sells life insurance and supplemental health products to middle-income consumers.
The company is reporting $202 million in net income for the third quarter on $1.1 billion in revenue, up from $179 million in net income on $1.1 billion in revenue for the third quarter of 2018.