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.

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