July 23 (Reuters) - Life and supplemental health

insurance company Globe Life ( GL ) reported a rise in

second-quarter profit on Wednesday, driven by stronger

underwriting performance.

Despite economic uncertainty, demand for life insurance has

remained strong as consumers focus on protecting their finances

amid rising living expenses.

Additionally, technological advancements and digital

distribution channels have made access to insurance policies

easier for younger demographics, supporting sustained growth in

the sector.

The McKinney, Texas-based company's life underwriting

margin increased 6% over the year-ago quarter.

Insurance underwriting income grew 15% in the second quarter

ended June 30, reaching $4.28 per share. Net investment income,

however, decreased 1%, compared to the same period last year.

Insurers, including Globe Life ( GL ), typically invest a portion

of their capital across various asset classes, such as

fixed-income securities and equities, generating returns that

tend to align with broader market trends.

Diluted net income per share for the quarter rose to $3.05,

up from $2.83 per share a year earlier.