Life Insurance Stocks Q2 Recap: MetLife Revenue Misses Estimates

Earnings

โดย Yahoo Finance·

Summary · why it matters

MetLife reported second-quarter revenues of $19.08 billion, up 6.4% year on year but 2.2% below analyst expectations, in a mixed quarter for life insurance stocks. The 12 life insurance companies tracked by the publication saw aggregate revenues miss consensus estimates by 8.2%, and their share prices have declined an average of 2.5% since reporting. MetLife's stock fell 1.5% after the results and currently trades at $94.80. Horace Mann Educators posted the strongest quarter with revenues of $443.5 million, up 7.7% year on year and in line with estimates, while Brighthouse Financial was the weakest with revenues of $2.10 billion, down 2.4% year on year and 2% below expectations.