Q4 Earnings Drive Insurance ETFs Higher

The insurance industry has performed strongly this reporting cycle with robust earnings from leading players. Prominent players such as Chubb Corp (CB - Free Report), Allstate (ALL - Free Report), Aflac (AFL - Free Report) and Travelers (TRV - Free Report) surpassed earnings and revenue estimates. MetLife (MET - Free Report) lagged on revenues while Prudential Financial (PRU - Free Report) missed on the bottom line.

Insurance Earnings in Focus

MetLife, the U.S. life insurance behemoth, reported earnings of $1.35 per share, which beat the Zacks Consensus Estimate by 5 cents and improved 22% from the year-ago quarter. Revenues were flat year over year at $15.4 billion and were well below estimates of $16.3 billion. PRU, the second-largest U.S. life insurer, missed earnings estimates and beat on revenues. Earnings per share of $2.44 were well below the Zacks Consensus Estimate of $2.88 and 9.3% lower than the year-ago earnings. Revenues of $17.78 billion surpassed the estimated $14 billion and grew 16.91% year over year.

One of the leading property and casualty insurers, Chubb outpaced the Zacks Consensus Estimate on both the top and the bottom lines by $716 million and 9 cents, respectively. Another property and casualty insurer, Allstate also topped the Zacks Consensus Estimate on earnings and revenues by 22.77% and 19.16%, respectively. On a year-over-year basis, its earnings declined 40.7% while revenues were down 5.8%.

Earnings per share of $1.02 reported by Aflac, a seller of supplement health insurance, trumped the Zacks Consensus Estimate by 8 cents and increased 27.5% from the year-ago quarter. Revenues rose 1.1% year over year to $5.48 billion and edged past the estimates by 0.25%.

Personal property and casualty insurer, Travelers posted earnings per share of $2.13, surpassing the Zacks Consensus Estimate by 15 cents but declining 6.6% year over year. Revenues grew 4.6% year over year to $7.8 billion and were ahead of the estimated $7.7 billion.

1 2
View single page >> |

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.