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● Globe Life McKinney , TX , October 20 , 2021 - Globe Life Inc. ( NYSE : GL ) reported today that for the quarter ended September 30 , 2021 , net income was $ 1.84 per diluted common share , compared with $ 1.76 per diluted common share for the year - ago quarter . Net operating income for the quarter was $ 1.78 per diluted common share , compared with $ 1.75 per diluted common share for the year - ago quarter . Earnings Release HIGHLIGHTS : Net income as an ROE was 8.9 % for the nine months ended September 30 , 2021. Net operating income as an ROE excluding net unrealized gains on fixed maturities was 12.5 % for the same period . ● GLOBE LIFE INC . REPORTS Third Quarter 2021 Results ● Total life premiums increased 8 % over the year - ago quarter including 12 % at the American Income Life Division and 6 % at both the Direct to Consumer Division and the Liberty National Division . ● Health premiums increased over the year - ago quarter by 8 % at the Family Heritage Division . Life net sales increased 33 % over the year - ago quarter at the Liberty National Division . Life underwriting margins increased over the year - ago quarter by 11 % at the American Income Life Division and 10 % at the Liberty National Division . Total health underwriting margins increased by 6 % over the year - ago quarter . 1.0 million shares of Globe Life Inc. common stock were repurchased during the quarter . COVID - 19 Update : In the third quarter , the Company incurred approximately $ 33 million of COVID life claims , resulting in total COVID life claims of $ 82 million for the nine months ended September 30 , 2021. The COVID claims incurred in the third quarter were significantly higher than anticipated due primarily to the impact of the Delta variant , which resulted in much higher infection rates and death totals . Per the Centers for Disease Control and Prevention , there were approximately 95,000 U.S. COVID deaths in the third quarter . Compared to prior periods , the COVID deaths were concentrated in geographies and younger age groups where the Company has greater risk exposure . As such , the Company's level of COVID life claims increased in the quarter to approximately $ 3.5 million per 10,000 U.S. deaths , up from an average of approximately $ 2 million per 10,000 U.S. deaths incurred in prior periods . We anticipate this level of losses per U.S. deaths to continue through the fourth quarter and be in the range of $ 3 million to $ 4 million per 10,000 U.S. deaths in 2022 . For the full year , we estimate COVID life claims will be between $ 110 million and $ 125 million based on an estimated 75,000 to 125,000 U.S. COVID deaths in the fourth quarter . We anticipate that COVID deaths will continue at elevated levels throughout 2022 , the estimated impact of which is reflected in our guidance . Note : As used in the earnings release , " Globe Life , " the " Company , " " we , " " our , " and " us " refer to Globe Life Inc. , a Delaware corporation incorporated in 1979 , its subsidiaries and affiliates .