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.
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