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Torchmark Corp  (TMK)
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    Sector  Financial    Industry Life Insurance
 
 

EARNINGS REPORT by CSIMarket

Earnings and Sales Increased


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Torchmark Corp announced first quarter 2017 operating loss of $-282.995 millions, company raises it's earnings guidance.



Torchmark Corp had first quarter 2017 Sales increase of 4.7 % to $1.02 billions from $978 millions from the same quarter a year ago, company grew eps by 9.9 % to $1.11, from $1.01 in the prior year quarter.

In the previous quarter company realized Sales of $975 millions and bottom line of $1.10 per share.
Torchmark Corp pointed out it's broad-based Sales growth, where sales increased within Life +5.53%, Health +9%, Investment +1.91%, Other +1.8% Company faced declining sales in Annuity -63.39%, Medicare Part D -14.24%, segments.
Torchmark Corp saw earnings improvements across it's entire business, except in Investment division, Income gains were in Life, Health, Annuity, Medicare Part D segments.
This improvement liften company-wide net earnings by 7.67 %, to $134 millions for the first quarter 2017, $124 millions reported in the same quarter a year before. Company said it sees now it's eps between $4.25 and $4.55, an improvement by $0.17 compare to previous guidance.
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Other TMK's Earnings Reports

Torchmark reported forth quarter 2016 earnings

Torchmark reported third quarter 2016 earnings

Torchmark reported second quarter 2016 earnings



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