Torchmark (TMK) has been witnessing substantial growth in premium revenues driven by higher premiums from Life and Health Insurance businesses.
This in turn should boost the company’s earnings going forward. Notably, the company has been successfully meeting the growing demands and expectations of clients for years through a solid product and service portfolio.
The life insurer’s most important distribution channel — American Income Exclusive Agency — has been witnessing higher net sales, driven by an increased agent count. The company projects life sales to remain between flat and up 1% in 2018, while for 2019, the metric is anticipated to grow in the range of 3-7%. Further, expected producing agent count of approximately 7,000 in 2018 and growth in the range of 1-7% in 2019, is likely to lead to higher premiums.