Torchmark Corporation Reports Third Quarter Results; Chairman of the Board to Retire in 2006.
PR Newswire Europe, October, 2005
BIRMINGHAM, Alabama, October 19 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) reported today that for the quarter ended September 30, 2005, net income was US$1.14 per share (US$119 million) compared with US$1.12 per share (US$124 million) for the year-ago quarter. Net operating income for the quarter ended September 30, 2005, was US$1.16 per share (US$122 million), a 7% per share increase, compared with US$1.08 per share (US$120 million) for the year-ago quarter. Reconciliations between net income and net operating income are shown in the Financial Summary below.
FINANCIAL SUMMARY
Net operating income, a non-GAAP financial measure, is the measure that Torchmark's management has consistently used over time to evaluate the operating performance...
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