Prudential leads life insurers with 13.6% revenue jump in Q1

Earnings
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Summary · why it matters

Prudential Financial reported first-quarter revenues of $15.23 billion, a 13.6% year-on-year increase that exceeded analyst expectations by 8.1% and marked the fastest revenue growth among the 11 life insurance stocks tracked. The group as a whole saw revenues miss consensus estimates by 1.1%, but share prices have risen an average of 7.1% since the latest earnings results. Primerica posted revenues of $872.3 million, up 8.6% and beating estimates by 1.9%, while Brighthouse Financial recorded the weakest performance with revenues of $2.10 billion, down 2.7% and missing estimates by 4.8%. CNO Financial Group and Globe Life each reported revenue growth of just over 5%, with results roughly in line with expectations.

Impact on stocks 5

Financials± Mixed · 4 stocks
Primerica Inc
PRI
▲ PositiveCapitalrelevance

Revenue up 8.6% and beat estimates by 1.9%.

Globe Life Inc
GL
▲ PositiveCapitalrelevance

Revenue growth of just over 5%, roughly in line with expectations.

Aging Population · 1 stocks