Torchmark Corporation (TMK)
Q2 2012 Earnings Call
July 26, 2012 11:00 am ET
Mark McAndrew - Executive Chairman of the Board
Gary Coleman - Co-Chief Executive Officer
Larry Hutchison - Co-Chief Executive Officer
Frank Svoboda - Chief Financial Officer
Vincent Lu - Morningstar
Jeff Schuman - KBW
Chris Giovanni - Goldman Sachs
Sarah DeWitt - Barclays
Randy Binner - FBR
Paul Sarran - Evercore Partners
Mark Hughes - SunTrust
Jimmy Bhullar - JPMorgan
John Nadel - Sterne Agee
Steven Schwartz - Raymond James & Associates
Ed Forun - Nomura
Good day and welcome to Torchmark Corporation's second quarter 2012 earnings release conference call. Today's call is being recorded.
For opening remarks and introductions, I would like to turn the call over to Mike Majors, Vice President of Investor Relations of Torchmark Corporation. Please go ahead.
Thank you. Good morning, everyone. Joining me today are Gary Coleman, and Larry Hutchison, our Co-CEOs. Mark McAndrew, our Executive Chairman. Frank Svoboda, our Chief Financial Officer, and Brian Mitchell, our General Counsel.
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 2011 10-K and any subsequent Forms 10-Q on file with the SEC.
I'll now turn the call over to Gary Coleman.
Thanks, Mike. Good morning, everyone. Net operating income for the second quarter was $127 million, or $1.30 per share, a per share increase of 19% from a year ago. Net income for the quarter was $129 million or $1.32 per share, a 4% increase on a per share basis.