Globe Life Inc. provided earnings guidance for the year ending December 31, 2022 and 2023. The company projects that net operating income per share will be in the range of $8.00 to $8.20 for the year ending December 31, 2022.

For the year ending December 31, 2023, the company estimates that net operating income per share, computed under current accounting guidance, will be in the range of $9.00 to $9.70. In addition, the company estimates that the adoption of the new accounting guidance relating to long-duration life insurance contracts effective January 1, 2023 will provide an additional net increase in net operating income in the range of $105 million to $130 million, net of tax, primarily as a result of lower amortization of deferred acquisition costs.