Torchmark Corporation (TMK) Q2 2012 Earnings Call July 26, 2012 11:00 am ET Executives Mark McAndrew - Executive Chairman of the Board Gary Coleman - Co-Chief Executive Officer Larry Hutchison - Co-Chief Executive Officer Frank Svoboda - Chief Financial Officer Analysts 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 PresentationOperator 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. Mike Majors 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. 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.