Financial Sector

Life Insurance Industry  

Data by Company within Life Insurance Industry

  Marketcap Revenues (TTM) Net Income (TTM) Employees
Company (Millions) (Millions) (Millions) Number
China Life Insurance Company Limited $ 198,402 $ 119,452 $ 4,977 110,000
Prudential Plc $ 60,946 - $ -2,813 -
Metlife Inc $ 49,657 $ 70,597 $ 2,239 43,000
Prudential Financial Inc $ 35,703 $ 64,357 $ 1,127 40,916
Corebridge Financial Inc $ 12,672 $ 36,698 $ 8,767 -
Globe Life Inc $ 10,592 $ 5,262 $ 837 3,222
Reinsurance Group Of America Incorporated $ 9,985 $ 16,848 $ 951 2,201
Voya Financial Inc $ 7,468 $ 6,563 $ 576 -
Primerica Inc $ 7,188 $ 2,739 $ 453 1,764
American National Group Inc $ 5,109 $ 4,299 $ 640 4,736
American Equity Investment Life Holding Co $ 4,251 $ 2,660 $ 494 490
Lincoln National Corporation $ 4,209 $ 15,763 $ -2,954 10,848
F and g Annuities and Life Inc $ 3,608 $ 3,427 $ 305 -
Jackson Financial Inc $ 3,481 $ 4,301 $ 2,056 -
Brighthouse Financial Inc $ 3,146 $ 8,816 $ 1,514 1,390
Genworth Financial Inc $ 2,830 $ 7,480 $ 603 5,300
National Western Life Group Inc $ 1,580 $ 600 $ 94 261
Fbl Financial Group Inc $ 1,494 $ 788 $ 103 1,637
Independence Holding Company $ 835 $ 300 $ 105 206
Citizens Inc $ 153 $ 238 $ 9 620
Midwest Holding Inc $ 99 $ 37 $ 1 -
Utg Inc $ 96 $ 49 $ 19 42
Vericity Inc $ 92 $ 171 $ -12 -
Gwg Holdings Inc $ 60 $ 31 $ -316 50
National Security Group Inc. $ 41 $ 66 $ 1 1
Atlantic American Corp $ 40 $ 187 $ 1 147
First Trinity Financial Corp - $ 70 $ 6 9
Athene Holding Ltd - $ 21,660 $ 1,357 -
Life Insurance Industry $ 423,737 $ 393,459 $ 21,140 226,840
  Recent News from Life Insurance Industry

Voya Investment Management Generates Excitement with Distributions for Three Closed-End Funds

Voya Investment Management, the asset management division of Voya Financial, Inc., has recently announced the distributions on the common shares of three of its closed-end funds. These distributions come as exciting news for shareholders, as they are set to receive a significant boost in their investment portfolios. With a strong reputation and a commitment to delivering value to its clients, Voya Investment Management continues to make strides in the financial industry.
Distribution Details:
The distributions will be paid on October 16, 2023, to shareholders of record as of October 3, 2023. Investors who own the shares of the respective funds on October 2, 2023, will also be entitled to receive the distribution. Voya Investment Management has set the ex-dividend date at October 2, 2023, ensuring a fair and transparent process for all stakeholders.

Foxo Technologies Inc

The Life Insurance Company's Unexpected Revenue Triumph: Generates $0.012 million in Just One Fiscal Quarter till June 2023, Witnessing Unforeseen Growth!

Foxo Technologies Inc: Challenging Times Ahead
As a tech journalist specializing in the financial sector, I have closely analyzed the recent financial results of Foxo Technologies Inc. The company's second quarter of 2023 revealed disheartening figures, with a meager $0.012 million in revenue and a net deficit of $-4.932 million. These results are in stark contrast to the balanced books the company had reported during the same period the year before.
It is evident that Foxo Technologies Inc is facing significant challenges, reflected by the considerable downturn in its stock performance. Over the past three months, the company's shares have plummeted by -59.28%, resulting in a loss of investor confidence. Furthermore, within the last month alone, the shares have dropped by -14.85%. It is worth noting, though, that the stock is currently trading at 8.1% above its 52-week low.

Vericity Inc

Vericity Inc. Surges to Profitability, Recording a Significant Improvement in Financial Performance for the Period Ending June 30, 2023

Vericity Inc, a financial company, recently released its financial results for the period ending June 30, 2023. The company reported a significant improvement in its financial performance compared to the previous year.
One of the key highlights of Vericity's financial results is the turnaround in its income. The company recorded earnings per share (EPS) of $0.13, a stark improvement from the loss of $0.16 per share in the same period last year. Additionally, the company's EPS turned positive from the previous quarter, where it was at a loss of $0.13 per share.

First Trinity Financial Corp

First Trinity Financial Corp Beats Profitability Expectations with Double-Digit Growth in Q2 2023, while Industry Peers Surpass Revenue Surge

First Trinity Financial Corp, a leading player in the Life Insurance industry, reported double-digit revenue growth of 16.169% in the financial second quarter of 2023, reaching $18.05 million. This represents a modest profitability increase of 2.99% to $0.16 per share compared to the previous year.
While this growth is certainly positive, it falls short of the industry average. Life Insurance industry peers experienced an average top-line surge of 26.08% from the same reporting season last year. Despite this, First Trinity Financial Corp's earnings per share (EPS) saw a significant leap of 47.95% from $0.11 per share in the previous reporting season. Furthermore, revenue also experienced a healthy surge of 2.063% from $17.69 million.

Utg Inc

Utg Inc: Surprising Revenue Surge and Remarkable Turn into Profitability in Second Quarter of 2023

The stock market has been witnessing some exciting developments lately, particularly for one company that has experienced staggering revenue improvement. The latest financial report for this company reveals a remarkable rise in revenue by 21.238% to $6.37 million, leading to a transformative turn into profitability. This achievement is truly commendable and is indicative of the potential and resilience of this company.
Earnings per share for this company also witnessed a noteworthy improvement, reaching $0.03, compared to the disappointing $-0.24 in the second quarter of 2022. This positive upward trend in earnings per share is an encouraging sign for investors, indicating the company's ability to generate sustainable profits.

American Equity Investment Life Holding Co

American Equity Investment Life Holding Co Reports Record-Breaking Second Quarter Profits, Surpassing Expectations

As an avid investor and financial analyst, I closely follow the quarterly reports of various companies, always searching for potential investment opportunities. Today, I am pleased to analyze the second-quarter financial results of American Equity Investment Life Holding Co and provide some insights for the esteemed readers of the Wall Street Journal.
In what appears to be a promising performance, American Equity Investment Life Holding Co announced a surge in income for the second quarter of 2023. Income saw a significant increase of 16.58%, reaching $4.36 per share, compared to $3.74 per share in the same period last year. More impressively, the company managed to turn its EPS from a negative $-2.00 per share in the prior financial reporting period into a positive figure. This improvement showcases the diligent efforts of the management team to enhance profitability and deliver growth to shareholders.

Genworth Financial Inc

Genworth Financial Inc Reports a Moderate Revenue Increase, But Faces Income Decline in Q2 2023

Genworth Financial Inc, a leading insurance company, recently reported its financial results for the period ending June 30, 2023. Despite a modest increase in revenue, the company experienced a significant decline in income compared to the same period the previous year.
In terms of revenue, Genworth Financial Inc saw a rise of 0.585% to $1.89 billion. While this increase is positive, it falls below the average 25.49% rise seen in the Life Insurance sector peers during the same period. Moreover, compared to the previous financial reporting period, revenue only grew by 2.05%, indicating a slowdown in growth.

National Western Life Group Inc

National Western Life Group Inc's Surprising Revenue Surge Margins Underlying Earnings

As a stock market journalist, it is my duty to analyze and interpret the latest financial results of National Western Life Group Inc. According to the reports, the company announced a net profit per share of $8.38 and revenue of $152.61 million in its most recent fiscal period. While the net profit per share has declined from $10.23 in the previous year, it is notable that the company saw its revenue rise by an impressive 38.629% during the corresponding period.
In comparison to its peers in the life insurance sector, National Western Life Group Inc showcased faster business growth. During the second quarter of 2023, most businesses in the life insurance sector reported an average business growth of 25.49% from the corresponding reporting season a year ago. In the same reporting season, National Western Life Group Inc achieved revenue of $152.61 million and $3.48 per share in net profits.

Brighthouse Financial Inc

Brighthouse Financial Inc Faces Major Revenue and Earnings Decline, Signaling a Challenging Period for the Life Insurance Industry

Brighthouse Financial Inc, a prominent player in the life insurance industry, has recently released its fiscal time-frame closing June 30, 2023, financial results. The figures highlight a major decline in revenues and earnings, indicating a challenging period for the company. While the broader life insurance industry experienced revenue gains, Brighthouse Financial Inc faced a stark contrast in its financial performance. Let's delve into the context and implications of these results.
Revenue and Earnings Decline:
Brighthouse Financial Inc reported a significant shortfall for the fiscal time-frame, with a loss of $3.01 per share compared to a profit of $4.34 per share the previous year. The decline in earnings per share extended to a sequential quarterly loss of $12.77 per share. The revenue also plummeted by 89.53% to $263.00 million from $2.51 billion in the same reporting season a year ago. Moreover, the revenue tumbled by a staggering 93.073% from $3.80 billion sequentially.

Globe Life Inc

Markets React to Globe Life Inc's Impressive 25.14% Increase in Income Per Share for Q2 2023

As a stock market journalist, I have been closely following the financial results of Globe Life Inc for the second quarter of 2023. There are a few key figures that stand out and provide valuable insights into the company's performance.
First and foremost, let's talk about the income per share. In the second quarter of 2023, Globe Life Inc saw a significant increase of 25.14% in income per share, reaching $2.24 per share compared to $1.79 per share in the previous year. However, it is worth noting that there was a slight decrease of -1.75% from the prior financial reporting period, where income per share was $2.28. This indicates that while the company has shown growth over the past year, it experienced a minor setback in the recent reporting period.


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