Let's delve into the developments on the US markets in the middle of the day on Friday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Shares of insurance holding company Globe Life (NYSE:GL) jumped 5.6% in the afternoon session after the company reported second-quarter earnings that beat estimates and raised its full-year profit forecast. The insurer posted second-quarter operating earnings per share of $3.27, which was slightly above the consensus estimate of $3.25. More significantly, Globe Life increased its full-year operating EPS forecast to a range of $14.25 to $14.65, a notable jump from the previous guidance of $13.45 to $14.05. This positive outlook overshadowed a slight miss on total revenue, which came in at $1.48 billion against an expected $1.51 billion. The company’s core insurance underwriting income also surpassed expectations, contributing to the strong bottom-line performance.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Thursday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Insurance holding company Globe Life (NYSE:GL) missed Wall Street’s revenue expectations in Q2 CY2025 as sales only rose 2% year on year to $1.48 billion. Its GAAP profit of $3.05 per share was 4.6% below analysts’ consensus estimates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Globe Life (NYSE:GL) and the best and worst performers in the life insurance industry.
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