Aflac IncorporatedAflac missed revenue estimates by 1.7% and revenues declined 1.8% YoY.
The first-quarter life insurance earnings season saw mixed results, with the 12 tracked stocks collectively beating revenue estimates by 3.1% while share prices rose 7.3% on average. Aflac reported revenues of $4.24 billion, down 1.8% year on year and missing analyst expectations by 1.7%, though it beat book value per share estimates. Primerica was the best performer with revenues of $872.3 million, up 8.6% year on year and beating estimates by 1.9%, while Brighthouse Financial was the weakest, posting revenues of $2.10 billion, down 2.7% and missing estimates by 4.8%. Jackson Financial delivered the largest revenue beat at 49.8% but saw the slowest revenue growth, and Equitable Holdings had the weakest performance against analyst estimates with a 7.3% revenue miss.
Aflac IncorporatedAflac missed revenue estimates by 1.7% and revenues declined 1.8% YoY.
Brighthouse Financial, Inc.Brighthouse Financial was the weakest performer, with revenues down 2.7% and missing estimates by 4.8%.
Axa Equitable Holdings IncEquitable Holdings had the weakest performance against analyst estimates with a 7.3% revenue miss.
Jackson Financial IncJackson Financial delivered the largest revenue beat at 49.8%.
Primerica IncPrimerica was the best performer, with revenues up 8.6% and beating estimates by 1.9%.