Solid Q4 Earnings Boost Insurance ETFs

Performance of the insurance industry has been strong this reporting cycle, with 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) either surpassed estimates for earnings or revenues or both.

Insurance Earnings in Focus

MetLife, the U.S. life insurance behemoth, reported earnings of $1.98 per share, which outpaced the Zacks Consensus Estimate by 58 cents and increased 46.7% from the year-ago quarter. Revenues rose 18% year over year to $18.15 billion and surpassed the consensus estimate of $16.69 billion. PRU, the second-largest U.S. life insurer, beat earnings and revenues estimates. Earnings per share of $2.33 topped the Zacks Consensus Estimate of $2.01 but was 4.5% lower than the year-ago earnings. Revenues of $17.45 billion topped the consensus mark $14.72 billion and declined 1.9% 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 $902 million and 18 cents, respectively. Another property and casualty insurer, Allstate topped the consensus estimate for earnings by a penny but lagged revenue estimates by 4.72%. On a year-over-year basis, its earnings surged 152.4% and revenues were up 21%.

Earnings per share of $1.03 reported by Aflac, a seller of supplement health insurance, trumped the Zacks Consensus Estimate by a couple of cents and increased from the year-ago earnings of $1.02. Revenues increased from $5.48 billion a year ago to $5.6 billion and beat the consensus mark by 2.44%.

Personal property and casualty insurer, Travelers posted earnings per share of $3.32, exceeding the Zacks Consensus Estimate by 9 cents and soaring 55.9% year over year. Revenues grew 4% year over year to $8 billion and outpaced the consensus mark of $7.98 billion.

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