Globe Life Inc. (GL) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Globe Life Inc. fourth quarter earnings release call. My name is Jim. I will be your coordinator for today's event. Please note this call is being recorded and all phone lines have been placed in a listen only mode to prevent any potential background noise. Also, if you would like to ask a question during today's question and answer session, simply press star and the digit one on your telephone keypad. Pressing star and one will place your line into a queue and we'll take your questions one at a time. I will now hand you over to your host, Stephen Mota, Senior Director of Investor Relations, to begin today's conference. Thank you, sir. Thank you. Good morning, everyone. Joining the call today are Frank Sabota and Matt Darden, our co-chief executive officers, Tom Kombach, our chief financial officer, Mike Majors, our chief strategy officer, and Brian Mitchell, our general counsel. Some of our comments or answers to your questions may contain forward-looking statements They're provided for general guidance purposes only. Accordingly, please refer to our earnings release, 2024 10-K and any subsequent forms 10-Q on file with the SEC. Some of our comments may also contain non-GAAP measures. Please see our earnings release and website for discussion of these terms and reconciliations to GAAP measures. I will now turn the call over to Frank. Thank you, Stephen, and good morning, everyone. In the fourth quarter, net income was $266 million. or $3.29 per share, compared to $255 million, or $3.01 per share, a year ago. Net operating income for the quarter was $274 million, or $3.39 per share, an increase of 8% over the $3.14 per share from a year ago. For the full year 2025, net operating income was $14.52, two cents above the midpoint of our previous guid...