Globe Life Targets Up to $950M in Parent Excess Cash Flow for 2027

Globe Life set a 2027 parent excess cash flow target of as much as $950 million, outlining a potential source of capital for shareholder returns while tying access to subsidiary capital needs. The insurer forecasts 2027 net operating income of $16.10 to $17.10 per diluted share. The company identifies the measure as non-GAAP and projects 7.1% growth at the midpoint of the range. Chief Financial Officer Thomas Kalmbach gave the cash flow estimate during an Oct. 22 earnings call. The $850 million to $950 million projection includes expected dividends from U.S.

Source: TokenPost