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Torchmark's (TMK) CEO Gary Coleman on Q3 2015 Results - Earnings Call Transcript


Welcome to Torchmark's Third Quarter 2015 Earnings Release Conference Call. Today's conference is being recorded. At this time I would like to turn the conference over to Mike Majors, VP Investor Relations. Please go ahead, sir.

Mike Majors - VP of IR

Thank you. Good morning, everyone. Joining the call today are Gary Coleman and Larry Hutchison, our Co-Chief Executive Officer; 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 2014 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 - Co-CEO

Thank you, Mike. And good morning, everyone. Net operating income for the third quarter was $136 million or $1.08 per share, a per share increase of 9% from a year ago. Net income for the quarter was $145 million or $1.15 per share, a 15% increase on a per share basis. With fixed maturities that amortized cost, our return on equity as of September 30 was 14.7% and...