![]() ![]() EEFT reported a net income of $1.65 per share in the second quarter, which surged 52.8% year over year. The top line beat the consensus mark by 1.8%. Total revenues advanced 11% year over year and on a constant-currency basis to $939.1 million in the quarter under review. The bottom line climbed 17% year over year. ( EEFT Quick Quote EEFT - Free Report) reported second-quarter 2023 adjusted earnings of $2.03 per share, which beat the Zacks Consensus Estimate by 1%. Total expenses of $11,122 million increased 7% year over year and came lower than our estimate of $11,632.5 million, primarily due to higher client engagement costs, stemming from increased network volumes and higher service costs.Įuronet Worldwide, Inc. Total interest income was $4,775 million in the second quarter, up 71% year over year. Due to higher spending, network volumes jumped 8% year over year to $426.6 billion in the second quarter. However, the top line missed the Zacks Consensus Estimate by 2.3%. For the quarter under review, AXP’s total revenues net of interest expense increased 12.4% year over year to $15,054 million. ![]() The bottom line increased 12.5% year over year. Performance of Other Finance StocksĪmerican Express Company ( AXP Quick Quote AXP - Free Report) reported second-quarter 2023 earnings per share of $2.89, beating the Zacks Consensus Estimate by 3.2%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Globe Life currently carries a Zacks Rank #2 (Buy). GL estimates net operating income between $10.37 per share and $10.57 per share for the year ending Dec 31, 2023. Globe Life repurchased 0.7 million shares worth $83 million in the reported quarter. Operating return on equity, excluding AOCI, was 14.6% in the reported quarter, which contracted 100 basis points year over year. Shareholders’ equity, excluding accumulated other comprehensive income (AOCI), as of Jun 30, 2023, increased 7.4% year over year to $6.92 billion.Īs of Jun 30, 2023, Globe Life reported book value per share, excluding AOCI, of $72.09, up 9.8% year over year. Underwriting margins increased 1% year over year to $92.4 million. Net health sales increased 12% year over year to $49.4 million. ![]() Health insurance premium revenues rose 3% year over year to $329.2 million, primarily driven by higher premiums from United American and Family Heritage. Underwriting margins decreased 1% year over year to $296 million. Net sales of $139.2 million remained flat year over year. American Income grew 5%, Direct to Consumer increased 1% and Liberty National gained 7%. Premium revenues at Life increased 3% year over year to $782 million, driven by higher premiums written by distribution channels like American Income, Direct to Consumer and Liberty National. Total benefits and expenses increased 4.6% year over year to $1 billion, primarily due to higher total policyholder benefits, amortization of deferred acquisition costs, commissions, premium taxes and non-deferred acquisition costs and interest expense. The decrease was due to lower Life and Annuity underwriting income.Īdministrative expenses were up 2% year over year to $75.4 million. Total insurance underwriting income decreased 2% year over year to $315 million. ![]() The top line matched the Zacks Consensus Estimate.Įxcess investment income, a measure of profitability, increased 30% year over year to $31.3 million. The improvement was driven by growth in Life and Health insurance premiums and higher net investment income. The company reported operating revenues of $1.3 billion, up 3.8% from the year-ago quarter. Net investment income increased 7% year over year to $261 million. This upside was primarily driven by higher premiums from Life and Health insurance. Globe Life reported total premium revenues of $1.1 billion, up 3% year over year. price-consensus-eps-surprise-chart | Globe Life Inc. ![]()
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