Torchmark Corp. (TMK) announced that its third-quarter net income was $100.8 million, up from $63.2 million in the year ago quarter. Net income for the quarter was $1.22 per share, compared to $0.72 per share for the year-ago quarter.
Net operating income for the quarter was $122.3 million, down from $132.3 million in the same quarter last year. Net operating income for the quarter was $1.48 per share, a 2% per share decrease compared with $1.51 per share for the year-ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $1.49 per share for the quarter. Analysts' estimates typically exclude special items.
Insurance underwriting income for the quarter was $117.3 million, compared to $119.5 million in the prior year quarter. Total Insurance Premium Revenue for the quarter was $664.5 million, down from $682.0 million in the prior year ago quarter.
For fiscal 2009, the company now expects net operating income per share to be in the range of $5.90 - $5.95, compared to prior range of $5.93 - $6.08 per share. Analysts expect the company to report earnings of $6.01 per share for fiscal 2009.
For fiscal 2010, the company expects net operating income per share to be between $6.05 and $6.25, assuming no share repurchases. Analysts expect the company to report earnings of $6.21 per share for fiscal 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.