GLOBE LIFE INC. TMK Income Statement

Globe life inc. (TMK)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09	Sep'08	Jun'08
Revenue:
Premium
929,835	906,684	899,993	897,484	890,973	857,071	860,750	853,979	850,106	826,473	819,217	816,614	820,631	787,908	783,411	785,855	779,860	756,071	748,109	752,484	742,056	431,539	785,715	799,866	819,020	448,019	750,998	765,851	784,814	732,545	699,860	705,582	718,475	653,542	650,525	672,350	679,901	653,418	657,827	669,569	670,944	638,539	681,541	678,597	699,404
Net investment income
228,991	227,456	228,905	227,425	226,673	224,233	221,627	218,568	218,084	212,955	213,872	212,776	208,282	205,488	202,720	201,642	197,053	194,319	193,213	194,823	191,596	190,717	189,588	189,930	188,051	203,191	176,656	177,964	176,839	174,947	169,400	175,176	174,121	174,786	173,491	173,104	171,647	166,304	172,337	170,612	167,111	158,972	167,354	169,034	167,826
Realized gains (losses)
-26,097	2,195	11,943	5,154	1,329	-16,600	1,032	11,813	1,951	17,469	12,595	-705	-5,748	-18,463	3,482	4,005	293	-16,663	5,140	2,613	119	7,835	-1,483	577	16,619	1,525	4,459	5,913	-1,229	26,483	7,283	4,661	5,006	4,775	12,600	31,272	-22,723	30,174	8,045	-5,002	8,973	4,836	8,478	-2,046	807
Other-than-temporary impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,678	5,600	0	0	0	-	-	-	-	3,138	0	0	1,712	63,745	34,665	93,175	8,505
Portion of impairment loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,268	-3,442	0	0
Other income
325	241	438	398	241	33	393	416	295	2	331	393	416	412	160	382	421	133	692	691	669	309	668	663	481	174	676	611	470	323	557	376	321	471	625	608	447	413	679	716	362	451	468	942	960
Total revenue
1,133,054	1,136,576	1,141,279	1,130,461	1,119,216	1,064,737	1,083,802	1,084,776	1,070,436	1,056,899	1,046,015	1,029,078	1,023,581	975,345	989,773	991,884	977,627	933,860	947,154	950,611	934,440	630,400	974,488	991,036	1,024,171	652,909	932,789	950,339	958,216	928,698	877,100	885,795	897,923	833,554	837,241	877,334	829,272	847,171	838,888	835,895	845,678	762,321	819,734	753,352	860,492
Benefits and expenses:
Life policyholder benefits
421,670	410,437	406,963	410,961	409,692	395,174	396,701	399,334	400,581	389,878	386,445	390,859	391,079	377,524	369,546	369,342	362,860	345,347	342,196	347,364	339,701	329,078	328,116	324,192	320,176	305,936	305,931	310,849	305,141	292,703	295,845	292,784	290,688	282,551	280,172	277,848	278,338	273,314	269,069	270,729	269,311	258,932	276,102	268,338	273,917
Health policyholder benefits
178,711	176,361	170,875	170,511	170,017	165,534	162,574	160,461	160,619	163,674	155,774	156,579	157,751	153,338	153,351	153,261	152,775	154,071	149,312	151,198	148,029	-113,356	196,901	220,554	255,718	-71,364	199,983	202,861	236,127	175,282	172,130	181,037	211,092	142,217	147,910	166,423	175,270	152,318	154,011	173,317	189,545	152,312	179,422	174,363	199,257
Other policyholder benefits
7,588	7,740	7,854	7,890	8,048	8,412	8,581	8,582	8,689	8,913	9,000	8,977	8,946	9,276	9,255	8,882	9,338	9,547	9,648	9,754	10,045	10,406	10,515	10,461	10,623	10,909	10,869	10,789	10,735	11,124	11,144	10,986	10,867	10,913	10,692	10,423	10,519	10,787	10,434	10,131	10,078	9,542	8,811	8,535	8,224
Total policyholder benefits
607,969	594,538	585,692	589,362	587,757	569,120	567,856	568,377	569,889	562,465	551,219	556,415	557,776	540,138	532,152	531,485	524,973	508,965	501,156	508,316	497,775	226,128	535,532	555,207	586,517	245,481	516,783	524,499	552,003	479,109	479,119	484,807	512,647	435,681	438,774	454,694	464,127	436,419	433,514	454,177	468,934	420,786	464,335	451,236	481,398
Amortization of deferred acquisition costs
143,837	139,290	138,449	138,165	135,822	128,501	129,492	129,077	129,620	120,040	122,334	122,121	125,908	116,191	116,821	117,245	118,806	111,584	111,643	111,738	110,660	102,786	103,834	104,561	104,733	98,223	98,444	102,488	101,714	98,052	94,016	96,601	96,498	90,557	89,899	91,664	92,463	43,892	104,045	104,851	109,602	101,986	104,205	101,429	97,634
Commissions, premium taxes, and non-deferred acquisition costs
78,937	76,745	74,139	73,698	73,465	69,789	69,632	69,427	69,639	66,849	67,863	65,032	65,116	63,565	61,153	62,854	61,602	61,386	59,918	59,132	57,105	37,429	63,636	62,020	59,378	40,909	53,791	54,448	58,251	55,732	46,898	50,600	50,756	51,032	53,667	55,999	55,518	-	-	-	-	-	-	-	-
Commissions and premium taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,072	32,041	31,479	33,781	30,635	34,514	38,069
Other operating expense
78,582	78,413	74,575	79,044	72,793	70,082	74,059	68,620	66,824	69,467	63,019	62,428	62,341	58,984	57,805	57,846	57,429	56,725	56,182	55,588	55,363	48,773	55,402	56,400	56,956	50,598	53,245	55,292	52,308	53,869	48,433	47,758	48,116	59,667	45,268	46,514	50,187	45,152	43,154	45,294	42,672	41,665	45,236	45,035	43,967
Interest expense
20,808	20,502	21,094	21,432	21,278	23,610	22,433	22,411	21,622	21,707	20,970	21,156	20,699	20,485	20,381	23,110	19,369	19,222	19,246	19,114	19,060	19,007	19,033	19,037	19,049	19,080	19,676	20,828	20,877	21,349	19,843	19,649	19,671	19,527	19,510	19,411	19,460	18,990	18,790	18,812	18,937	20,343	14,916	15,507	14,818
Total benefits and expenses
930,133	909,488	893,949	901,701	891,115	861,102	863,472	857,912	857,594	840,528	825,405	827,152	831,840	799,363	788,312	792,540	782,179	757,882	748,145	753,888	739,963	434,123	777,437	797,225	826,633	454,291	741,939	757,555	785,153	708,111	688,309	699,415	727,688	656,464	647,118	668,282	681,755	659,688	630,575	655,175	671,624	618,561	659,327	647,721	675,886
Income before income taxes
202,921	227,088	247,330	228,760	228,101	203,635	220,330	226,864	212,842	216,371	220,610	201,926	191,741	175,982	201,461	199,344	195,448	175,978	199,009	196,723	194,477	196,277	197,051	193,811	197,538	198,618	190,850	192,784	173,063	220,587	188,791	186,380	170,235	177,090	190,123	209,052	147,517	187,483	208,313	180,720	174,054	143,760	160,407	105,631	184,606
Income tax benefit (expense)
37,381	40,027	45,512	42,151	42,707	38,929	41,630	42,471	39,131	-811,005	67,264	61,563	54,563	51,170	59,551	60,050	61,874	56,848	65,151	64,196	63,699	64,394	64,639	62,888	64,682	77,068	58,728	58,883	53,431	69,600	58,119	57,392	51,558	54,251	58,867	66,271	46,777	56,726	70,216	60,872	58,661	45,202	46,289	42,480	50,880
Income from continuing operations
165,540	187,061	201,818	186,609	185,394	164,706	178,700	184,393	173,711	1,027,376	153,346	140,363	137,178	124,812	141,910	139,294	133,574	119,130	133,858	132,527	130,778	-	-	-	-	-	-	-	-	-	-	-	-	122,839	131,256	142,781	100,740	130,757	138,097	119,848	115,393	98,558	-	-	-
Loss (income) from discontinued operations, net of income taxes
0	0	0	-43	-49	11	24	32	-111	-30	-12	-90	-3,637	10,636	9,959	-865	-9,541	13,826	11,528	-5,417	-9,130	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,853	-23,566	6,201	6,283	2,242	-	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,781	7,519	6,201	6,283	2,242	-	-	-
Discontinued operations-loss on disposal, net of tax benefit of $467 in 2011
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	144	0	-599	-3,928	-31,085	0	0	0	-	-	-
Net income
165,540	187,061	201,818	186,566	185,345	164,717	178,724	184,425	173,600	1,027,346	153,334	140,273	133,541	135,448	151,869	138,429	124,033	132,956	145,386	127,110	121,648	146,748	132,412	130,923	132,856	142,817	132,122	133,901	119,632	150,987	130,672	128,988	118,677	122,839	131,400	142,781	100,141	136,610	114,531	126,049	121,676	100,800	114,118	63,151	133,726
Basic net income (loss) per common share:
Continuing operations (in dollars per share)
1.54	1.73	1.85	1.70	1.68	1.48	1.59	1.63	1.52	8.85	1.32	1.20	1.16	1.05	1.19	1.16	1.10	0.97	1.08	1.05	1.03	-	-	-	-	-	-	-	-	-	-	-	-	1.19	1.25	1.29	0.87	0.63	1.14	0.97	1.39	1.19	-	-	-
Discontinued operations (in dollars per share)
0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.03	0.09	0.08	-0.01	-0.08	0.10	0.09	-0.04	-0.07	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-0.01	0.02	-0.19	0.05	0.08	0.03	-	-	-
Total basic net income per common share (in dollars per share)
1.54	1.73	1.85	1.70	1.68	1.48	1.59	1.63	1.52	8.85	1.32	1.20	1.13	1.14	1.27	1.15	1.02	1.07	1.17	1.01	0.96	1.13	1.02	1.00	1.00	0.62	0.97	0.97	1.28	-0.24	1.37	1.33	1.19	1.19	1.25	1.29	0.86	0.65	0.95	1.02	1.47	1.22	1.38	0.73	1.49
Diluted net income (loss) per common share:
Continuing operations (in dollars per share)
1.52	1.69	1.82	1.67	1.65	1.45	1.55	1.59	1.49	8.65	1.29	1.18	1.14	1.04	1.16	1.13	1.08	0.95	1.06	1.04	1.02	-	-	-	-	-	-	-	-	-	-	-	-	1.16	1.25	1.27	0.85	0.60	1.13	0.97	1.39	1.19	-	-	-
Discontinued operations (in dollars per share)
0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	-0.03	0.06	0.09	0.00	-0.07	0.11	0.09	-0.04	-0.07	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.00	0.00	-0.01	0.03	-0.19	0.05	0.07	0.03	-	-	-
Total diluted net income per common share (in dollars per share)
1.52	1.69	1.82	1.67	1.65	1.45	1.55	1.59	1.49	8.64	1.29	1.18	1.11	1.10	1.25	1.13	1.01	1.06	1.15	1.00	0.95	1.13	1.00	0.98	0.98	0.61	0.95	0.96	1.27	-0.25	1.36	1.32	1.17	1.17	1.25	1.27	0.84	0.63	0.94	1.02	1.46	1.22	1.38	0.72	1.47
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.15	0.15	0.15	-	0.14	0.14	0.14	-	0.14	0.14	0.14	-	0.13	0.13	0.13	-	0.11	0.11	0.17	-	0.15	0.15	0.15	0.12	0.12	0.11	0.11	0.05	0.11	0.10	0.15	0.14	0.14	0.14	0.14
Life premium
Premium
649,630	631,470	630,824	631,201	624,289	600,171	605,547	602,534	598,303	580,651	576,223	573,836	575,837	550,177	546,415	548,590	544,151	520,756	518,929	520,038	513,342	493,566	491,724	491,952	489,058	468,473	470,936	475,110	470,813	451,997	453,699	450,950	451,878	432,087	429,927	433,573	430,657	415,384	417,044	417,345	413,926	397,390	415,044	406,114	406,492
Health premium
Premium
280,205	275,214	269,166	266,282	266,684	256,900	255,201	251,440	251,798	245,816	242,991	242,775	244,791	237,727	236,987	237,252	235,697	235,299	229,139	232,409	228,673	-62,093	293,879	307,791	329,863	-20,585	279,948	290,584	313,871	280,429	246,000	254,506	266,444	221,285	220,458	238,617	249,106	237,838	240,631	252,086	256,866	241,054	264,014	268,940	289,084
Other premium
Premium
-	-	3	1	-	0	2	5	5	6	3	3	3	4	9	13	12	16	41	37	41	66	112	123	99	131	114	157	130	119	161	126	153	170	140	160	138	196	152	138	152	95	2,483	3,543	3,828