Globe Life says may consider accelerating share repurchases

On the company’s Q1 earnings call, Globe Life said it anticipates share repurchases will continue to be the primary use of parent excess cash flows after the payment of shareholder dividends. “At the midpoint of our earnings guidance, we anticipate approximately $350M to $370M of share repurchases for the year, with approximately half of that occurring in the second quarter and the remainder in the third and fourth quarters. That said, current market conditions, and should they remain favorable, we will clearly consider accelerating repurchases and may consider accelerating some portion of our anticipated 2025 excess cash flows into 2024,” the company stated, according to a transcript.