Thursday, August 8, 2013

US Big Insurance Corps 2Q 2013 Earnings Up 20%

I found 15 US Insurance Corps which generated After-tax Operating Income of more than $200 mil in either the 2Q 2013 or the 2Q 2012.

These 15 Insurance Corps generated 2Q 2013 Total After-tax Adjusted Earnings which were up a very robust 20% over the 2Q 2012.  And 13 of the 15 had earnings increases, with 11 of them generating at least double-digit percentage earnings growth. 

In addition, this 20% Total Earnings growth is substantially higher on an Earnings Per Share (EPS) basis since so many of them have aggressive common stock buyback programs.  For instance, AIG had its Earnings decline by 1%, whereas its EPS grew by 17%, both in the 2Q 2013......yeah, that's an 18% positive swing.

So the strong 2Q 2013 earnings of US Big Insurance Corps continue the very positive earnings trend of all US Big Financial.  Not so with the US Big Non-Financial Corps.

Below here are the earnings of these 15 US Insurance Corps for the 2Q 2013 and for the comparable 2Q 2012: 

2Q 2013 2Q 2012


Operating Operating Increase Increase

Income Income (Decrease) (Decrease)

mil $s mil $s Amount %
US Big Insurance








AIG                        1,655                        1,678                            (23) -1%
MetLife                        1,593                        1,432                            161 11%
Prudential Financial                        1,090                            648                            442 68%
Travelers                            816                            495                            321 65%
ACE Ltd                            790                            743                              47 6%
AFLAC                            759                            755                                4 1%
Allstate                            529                            432                              97 22%
Chubb                            463                            374                              89 24%
Marsh & McLennan                            403                            337                              66 20%
Lincoln National                            351                            319                              32 10%
Progressive                            325                            119                            206 173%
Hartford Financial Services                            324                            274                              50 18%
Principal Financial Group                            271                            211                              60 28%
Unum Group                            219                            225                              (6) -3%
CNA Financial                            204                            152                              52 34%





Total all 15                        9,792                        8,194                        1,598 20%