Torchmark Q4 Profit Declines - Quick Facts

(RTTNews) - Torchmark Corp. (TMK) reported net income for the fourth quarter of $142.8 million or $1.56 per share, compared with $151.0 million or $1.58 per share for the year-ago quarter.

Net operating income for the quarter was $1.46 per share, compared with $1.33 per share for the year-ago quarter.

Insurance underwriting income improved to $152.0 million from $140.1 million last year. Investment income totaled $54.8 million, down from $55.8 million last year.

Analysts polled by Thomson Reuters expected the company to earn $1.46 per share on revenue of $935.32 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to full year 2014, the company projects net operating income per share to be in the range of $6.05 to $6.35, compared to its prior guidance of $6.00 to $6.40 per share.

Analysts currently expect the company to earn $6.23 per share for the full year 2014.