Globe Life lifts buyback to $700M, sees 2026 EPS $15.55-$15.95

Globe Life raised its 2026 net operating earnings per share forecast to a range of $15.55 to $15.95 and increased its share repurchase authorization to $670 million to $700 million, the company said in its second-quarter earnings report.

The higher guidance stems from confidence in underwriting margins and capital generation, executives said on a call with analysts. They pointed to disruption from changes to direct-to-consumer AI search tools that have affected lead generation for life insurance policies. Health claims costs ran within the company's expectations, they added.

The board authorized the increased buyback program, Globe Life said.