Company profile

Ticker
TMK
Exchange
CEO
Gary L. Coleman / Larry M. Hutchison
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Torchmark Corp
SEC CIK
IRS number
630780404

TMK stock data

(
)

Calendar

8 Aug 19
24 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 1.13B 1.12B 1.06B 1.08B
Net income 186.57M 185.35M 164.72M 178.72M
Diluted EPS 1.67 1.65 1.45 1.55
Net profit margin 16.50% 16.56% 15.47% 16.49%
Operating income 229.11M 227.17M 220.24M 224.47M
Net change in cash 43.59M -4.79M
Cash on hand 89.32M 121.03M 77.44M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 4.3B 4.16B 3.93B 3.77B
Net income 701.47M 1.45B 549.78M 527.1M
Diluted EPS 6.09 12.22 4.49 4.16
Net profit margin 16.30% 35.00% 13.97% 14.00%
Operating income 870.64M 821.17M 787.27M 776.37M
Net change in cash 2.46M 42.4M 14.78M -4.64M
Cash on hand 121.03M 118.56M 76.16M 61.38M

Financial data from Globe Life earnings reports

Financial report summary

?
Competition
CeresAccess Plans USACNO Financial
Management Discussion
  • In addition, the Company recorded an adjustment of $874 million to net income during 2017. In 2018, the Company completed its analysis of the tax legislation and recorded an additional $798 thousand adjustment related to the remeasurement of the deferred tax assets and liabilities based on the 21% rate. As the impact of the tax legislation was treated as a non-operating event, it was excluded from net operating income.
  • Net operating income as an ROE, excluding net unrealized gains on the fixed maturity portfolio, is also considered a non-GAAP measure. Management utilizes this measure to view the business without the effect of the unrealized gains or losses, which are primarily attributable to fluctuation in interest rates on the available for sale portfolio.
  • Net income was $701 million in 2018, compared with $1.5 billion in 2017. This decrease was primarily due to an $874 million increase to net income in 2017, relating to new tax legislation as described above. Net income increased in 2017 from $550 million in 2016. On a diluted per common share basis, 2018 net income fell 50% to $6.09 after a 172% increase in 2017. Net income per diluted common share in 2017 rose to $12.22 from $4.49 in 2016. As previously noted, 2017 net income per diluted common share includes the effect of the adjustment to net income relating to new tax legislation. The percentage growth in net income per share results continues to exceed the growth in dollar amounts due to our share repurchase program. Each year’s net income per share was affected by realized gains (losses), which were $(0.01), $0.15, and $(0.06), in 2018, 2017 and 2016, respectively. More information concerning realized gains and losses can be found under the caption Realized Gains and Losses in this report.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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