Torchmark Corporation CEO Discusses Q1 2012 Results - Earnings Call Transcript

Torchmark Corporation (TMK)

Q1 2012 Earnings Call

April 25, 2012 11:00 AM ET



Executives

Mark McAndrew - CEO

Gary Coleman - CFO

Larry Hutchison - General Counsel

Analysts

Jimmy Bhullar - JPMorgan

Steven Schwartz - Raymond James

Bob Glasspiegel - Langen McAlenney

Sarah DeWitt - Barclays

Bob Glasspiegel - Langen McAlenney

Ed Spehar - Bank of America/Merrill Lynch

Paul Sarran - Evercore Partners

Steven Schwartz - Raymond James

Mark Hughes - SunTrust

Vincent Lowry - Morningstar

Jeff Schuman - KBW

Sam Hoffman - Nomura

Presentation

Operator

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Good day everyone and welcome to the Torchmark Corporation First Quarter 2012 Earnings Release Conference Call. Please note that this call is being recorded and is also being simultaneously webcast.

At this time I will turn the call over to the Chairman and Chief Executive Officer, Mr. Mark McAndrew. Please go ahead, sir.

Mark McAndrew

Thank you. Good morning, everyone. Joining me this morning is Gary Coleman, our Chief Financial Officer; Larry Hutchison, our General Counsel; and Mike Majors, Vice President of Investor Relations.

Some of our comments or answers to your questions may contain forward-looking statements that are provided for general guidance purposes only. Accordingly, please refer to our 2010 10-K and any subsequent Forms 10-Q on file with the SEC.

Net operating income for the first quarter was $128 million or $1.27 per share, a per share increase of 22% from a year ago. Net income for the quarter was $119 million or $1.17 per share, a 39% increase on a per share basis.

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