Brighthouse Financial, Inc.Revenue down 2.7% and missed estimates by 4.8%, the weakest performer in the quarter.
The life insurance industry reported a slower first quarter, with the 12 stocks tracked by StockStory beating revenue consensus by 3.1% on average. Lincoln Financial Group posted revenues of $4.87 billion, up 3.9% year-on-year but 1% below analyst expectations, alongside a narrow EPS beat and a significant miss on book value per share. Primerica was the quarter's best performer with revenues of $872.3 million, up 8.6% and 1.9% above estimates, while Brighthouse Financial was the weakest, with revenues of $2.10 billion down 2.7% and missing by 4.8%. Equitable Holdings reported revenues of $3.61 billion, down 4.5% and missing by 7.3%, the largest miss among peers, and MetLife posted revenues of $19.68 billion, up 4.5% and beating by 1.4%. Share prices across the group have been resilient, rising 6.3% on average since the latest earnings results.
Brighthouse Financial, Inc.Revenue down 2.7% and missed estimates by 4.8%, the weakest performer in the quarter.
Axa Equitable Holdings IncRevenue down 4.5% and missed by 7.3%, the largest miss among peers.
Lincoln National CorporationRevenue of $4.87B missed estimates by 1%, with a significant miss on book value per share.
Primerica IncRevenue of $872.3M up 8.6% and beat estimates by 1.9%, the best performer.
MetLife IncRevenue of $19.68B up 4.5% and beat estimates by 1.4%.