Insurance ETFs Riding High On Robust Q4 Earnings

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Performance of the insurance industry has been strong this reporting cycle, with the leading players posting robust earnings. Prominent players such as MetLife (MET - Free Report), Prudential Financial (PRU - Free Report), Chubb Corp (CB - Free Report), Allstate (ALL - Free Report), Aflac (AFL - Free Report), and Travelers (TRV - Free Report) surpassed estimates for both earnings and revenues.

Insurance Earnings in Focus

MetLife, the U.S. life insurance behemoth, reported earnings of $2.03 per share, which outpaced the Zacks Consensus Estimate by 50 cents and increased 3% from the year-ago quarter. Revenues rose 13% year over year to $20.57 billion and surpassed the consensus estimate of $15.94 billion. PRU, the second-largest U.S. life insurer, beat earnings and revenues estimates. Earnings per share of $2.93 topped the Zacks Consensus Estimate of $2.50, but were 30.8% higher than the year-ago reported figure. Revenues of $15.1 billion topped the consensus mark of $14 billion and declined 10.7% year over year.

One of the leading property and casualty insurers, Chubb, outpaced the Zacks Consensus Estimate for the top and the bottom lines by $905 million and 31 cents, respectively. Earnings per share climbed 39.5% year over year. Another property and casualty insurer, Allstate topped the consensus estimate for earnings by $2.05 and for revenues by $466 million. On a year-over-year basis, its earnings surged 87.5% and revenues were up 5.3%.

Earnings per share of $1.07 reported by Aflac, a seller of supplement health insurance, trumped the Zacks Consensus Estimate by 3 cents and increased 3.9% from the year-ago earnings. Revenues increased 5.5% year over year to $5.9 billion and beat the consensus mark by 6.96%.

Personal property and casualty insurer Travelers posted earnings per share of $4.91, exceeding the Zacks Consensus Estimate by $1.91 and soaring 47.9% year over year. Revenues grew 3% year over year to $8.4 billion and outpaced the consensus mark of $8.1 billion.

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