MCKINNEY, Texas (AP) _ Globe Life Inc. (GL) on Wednesday reported third-quarter profit of $188.9 million.

On a per-share basis, the McKinney, Texas-based company said it had net income of $1.76. Earnings, adjusted for investment gains, came to $1.75 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.

The life and health insurance company posted revenue of $1.2 billion in the period. Its adjusted revenue was $1.19 billion.

Globe Life expects full-year earnings in the range of $6.84 to $7 per share.

Globe Life shares have dropped 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $84.13, a drop of 12% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GL at https://www.zacks.com/ap/GL

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