2Q Earnings To Reveal Accuracy Of Life Insurers’ COVID-19 Estimates
July 29, 2020 by John Hilton
Texas-based insurer Globe Life estimates $2 million in life insurance claims per 10,000 lives lost to the COVID-19 pandemic.
Frank Svoboda, chief financial officer for Globe Life, revealed the projection Thursday during the company’s second-quarter earnings call. The insurer estimates $45 million of COVID-related life claims for 2020, nearly double its first-quarter projection.