Torchmark Q2 Profit Rises - Quick Facts

(RTTNews) - Torchmark Corp. (TMK) Wednesday reported second-quarter profit of $133.9 million or $1.44 per share, up from $129.0 million or $1.32 per share in the year-ago quarter.

Net-operating income for the quarter was $132.7 million or $1.42 per share. On average, 18 analysts polled by Thomson Reuters expected the company to earn $1.40 per share for the quarter. Analysts' estimates typically exclude special items.

Insurance underwriting income improved to $151.7 million from $134.2 million last year. Investment income totaled $54.9 million, down from $62.5 million last year.

Looking ahead, Torchmark projects full-year 2013, operating earnings in a range of $5.60 to $5.75 per share. This compares to the previous outlook range of $5.50 to $5.75 per share. Analysts currently expect full-year earnings of $5.68 per share.