Several major insurers post disappointing numbers even while annuity sales soar
Sales figures don’t tell the whole story when it comes to first-quarter results.
Insurance company earnings information, updated quarterly. Earnings are crucial when assessing a company’s profitability and stock.
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Lincoln Financial struggles again in Q1, reports an $881M loss
Lincoln Financial Group completed another difficult quarter financially, but executives touted last week’s $28 billion reinsurance deal as a crucial rebound move for the insurer.
Brighthouse earnings show $525M loss in Q1
Citing market conditions and declining hedging values, Brighthouse Financial Inc. reported a net loss of $525 million in Q1 of 2023.
Corebridge sees higher surrenders, but stronger sales, too, in Q1 earnings
Corebridge Financial continues to separate from American International Group, seeing higher fixed annuity surrenders during first-quarter earnings. Sales are even higher.
Equitable Holdings’ earnings fall 22% in Q1, but remains strong in liquid assets
Equitable Holdings Inc., the global diversified financial services company, said its operating earnings fell 22% in the first quarter of…
Allstate earnings suffer $320M Q1 hit on inflation, claims costs
Catastrophe losses, higher auto claims costs, and inflation all contributed to Allstate Corp.’s first quarter loss of $320 million – compared to a profit in the same period last year – company executives said this week.
Prudential falls short of earnings forecasts, execs stress long-term focus
Prudential Financial continues to make moves to shake off the earnings malaise and reverse a stock decline. The first-quarter results are mixed at best.
