Free Research Report as Torchmark’s Q1 Bottom-Line Outshone Forecasts

Stock Monitor: Principal Financial Group Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 02, 2018 / Active-Investors.com has just released a free earnings report on Torchmark Corp. (NYSE: TMK). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TMK. The Company released its financial results on April 18, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Company’s quarterly earnings per share (EPS) from continuing operations grew on a y-o-y basis, outperforming market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Principal Financial Group, Inc. (NASDAQ: PFG), which also belongs to the Financial sector as the Company Torchmark. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Torchmark most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=TMK

Earnings Highlights and Summary

During Q1 FY18, Torchmark reported total revenues of $1.07 billion, up from $1.02 billion in the previous year’s same quarter. However, the Company’s total revenues for the reported quarter missed market expectations of $1.08 billion. The Company’s total insurance premium revenues were up by 4% to $850.1 million in Q1 FY18 compared to $820.6 million in Q1 FY17.

The life and health insurance Company reported a net income of $173.6 million, or $1.49 per share, in Q1 FY18, which came in above the $133.5 million, or $1.11 per share, in Q1 FY17. The Company’s net operating income (NOI) from continuing operations grew to $172.2 million, or $1.47 per share, during Q1 FY18 from $138.7 million, or $1.15 per share, in Q1 FY17, beating Wall Street’s expectations of $1.45 per share.

Operating Metrics

The McKinney, Texas-based Company reported total benefits and expenses of $858 million in Q1 FY18 compared to $832 million in Q1 FY17. The Company spent $55.5 million on administrative expenses in Q1 FY18 versus $51.9 million in the last year’s comparable quarter.

Torchmark’s net income as a return on equity (ROE) came in at 11.5% in Q1 FY18. The Company’s net operating income as a ROE stood at 14.6% in Q1 FY18 versus 14.2% in Q1 FY17. Furthermore, the Company’s book value per share, excluding net unrealized gains on fixed maturities, was $40.94 as on March 31, 2018, compared to $32.77 as on March 31, 2017.

Segment Performance

Torchmark’s Life Insurance segment’s operating revenues increased to $598.3 million in Q1 FY18 from $575.8 million in Q1 FY17. The segment’s insurance underwriting margins were $154.8 million, or 26% of premium, compared to $144.1 million, or 25% of premium, in the prior year’s corresponding quarter.

For Q1 FY18, Torchmark’s Health Insurance segment’s premium revenues were $251.8 million compared to $244.8 million in Q1 FY17. The segment’s insurance underwriting margins increased to $58.0 million, or 23% of premium, in Q1 FY18 compared to $53.4 million, or 22% of premium, in the prior year’s same quarter.

Share Buyback

During Q1 FY18, Torchmark repurchased $1.0 million shares at an average price of $86.32, for a total of $87 million.

Outlook

In its guidance for FY18, Torchmark’s management projects NOI from continuing operations per share to be in the range of $5.93 to $6.07.

Stock Performance Snapshot

May 01, 2018 – At Tuesday’s closing bell, Torchmark’s stock slightly declined 0.07%, ending the trading session at $86.68.

Volume traded for the day: 292.45 thousand shares.

Stock performance in the last month – up 5.45%; previous six-month period – up 2.02%; and past twelve-month period – up 12.72%

After yesterday’s close, Torchmark’s market cap was at $9.77 billion.

Price to Earnings (P/E) ratio was at 4.31.

The stock has a dividend yield of 0.74%.

The stock is part of the Financial sector, categorized under the Life Insurance industry. This sector was up 0.2% at the end of the session.

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