S&P 500 (NYSE:SPY) component Torchmark Corporation (NYSE:TMK) reported a lower net income in first quarter, missing analysts’ estimates. Torchmark Corporation is an insurance holding company that provides a variety of life and health insurance products and annuities.
Torchmark Earnings Cheat Sheet for the First Quarter
Results: Net income for the life insurance company rose to $128.8 million ($1.62/share) vs. $126.6 million ($1.52/share) a year earlier.
Actual vs. Wall St. Expectations: TMK fell short of the mean analyst estimate of $1.64/share. Estimates ranged from $1.60 per share to $1.70 per share.
Competitors to Watch: CNO Financial Group, Inc. (NYSE:CNO), UTG, Inc. (UTGN), MetLife, Inc. (NYSE:MET), Penn Treaty American Corp. (PTYA), Lincoln National Corp. (NYSE:LNC), Prudential Financial, Inc. (NYSE:PRU), Presidential Life Corp (NASDAQ:PLFE), StanCorp Financial Group, Inc. (NYSE:SFG), Kansas City Life Insurance Co (NASDAQ:KCLI), American International Group (NYSE:AIG) and National Western Life Insurance Co. (NASDAQ:NWLI).
Today’s Performance: Shares of TMK are unchanged in after hours trading.