Tuesday, August 29, 2017

US 79 Largest Insurance Companies With Market Caps Above $1 Bil Total Earnings in the 2Q 2017 Were $17.7 Bil, Up a Robust 27% From the $13.9 Bil Total Earnings in the 2Q 2016 ....................................................................................... Health Insurance Plan (8) Companies Total Earnings Up a Very Robust 34% in the 2Q 2017 ....................................................................................... Life Insurance (18) Companies Total Earnings Up an Even More Blistering 155% in the 2Q 2017, But Excluding MetLife Spinoff Brighthouse Financial, Which Reported $3 Bil of Net Derivative Losses in the 2Q 2016, This 155% Total Earnings Growth For These Life Insurance Companies in the 2Q 2017 Drops Down To a Much Lower, But Still Very Robust 38% ....................................................................................... Marine, Fire and Casualty Insurance (34) Companies Total Earnings Up 8% in the 2Q 2017, But With the Destructive Hurricane Harvey, Their 3Q 2017 Earnings Should Be Very Ugly ....................................................................................... Surety Insurance (6) Companies Total Earnings Declined By $1.3 Bil in the 2Q 2017, But $1.1 Bil of This Decline Was Due To MBIA's Income Tax 2Q 2017 Charge Related To Reassessing the Realizability of Its Deferred Income Tax Assets

From a review of the Google Finance Website and of company financial statements in the US SEC website, I found the 79 US Headquartered Insurance Companies with Stock Market Capitalizations of more than $1 Bil very recently and which have filed their Calendar Second Quarter 2017 Financial Statements with the SEC. 

Below here are the Total Reported US GAAP Earnings (Losses) From Continuing Operations for the Second Calendar Quarters of both 2017 and 2016 for each of these 79 large Insurance Companies.




Calendar Calendar







2Q 17 2Q 16



Calendar US GAAP US GAAP Net Net


Most
2Q 17 Net Net Income Income
Insurance Industry Companies City State Recent
Month Income Income Better Better
Stock Market Caps Above $1 Bil HQs HQs FYE
End (Loss) (Loss) (Worse) (Worse)





 $ mils  $ mils  $ mils %
All June Quarter Ends


















Health Insurance Plans (SIC 6324)








UnitedHealth Group Minnetonka MN Dec16
June            2,350            1,760               590 34%
Aetna Hartford CT Dec16
June            1,183               793               390 49%
Anthem Indianapolis IN Dec16
June               855               781                 74 9%
Cigna Bloomfield CT Dec16
June               810               503               307 61%
Humana Louisville KY Dec16
June               650               311               339 109%
Centene Corp St Louis MO Dec16
June               252               170                 82 48%
WellCare Health Plans Tampa FL Dec16
June                 74                 91               (17) -19%
Molina Healthcare Long Beach CA Dec16
June             (230)                 33             (263) NM










Total 8 Health Insurance Plans




           5,944            4,442            1,502 34%










Fire, Marine and Casualty Insurance (SIC 6331)







American Intl Group New York NY Dec16
June            1,118            1,924             (806) -42%
Travelers Saint Paul MN Dec16
June               595               664               (69) -10%
Allstate Northbrook IL Dec16
June               579               271               308 114%
Progressive Corp Mayfield Village OH Dec16
June               373               195               178 91%
XL Group Ltd Stamford CT Dec16
June               310                 49               261 533%
Loews New York NY Dec16
June               278             (288)               566 NM
CNA Financial Chicago IL Dec16
June               272               209                 63 30%
Everest Re Group Ltd Liberty Corner NJ Dec16
June               246               156                 90 58%
Arch Capital Group Ltd White Plains NY Dec16
June               199               249               (50) -20%
Markel Corp Glen Allen VA Dec16
June               151                 81                 70 86%
American Financial Group Cincinnati OH Dec16
June               145                 63                 82 130%
W R Berkley Corp Greenwich CT Dec16
June               110               109                   1 1%
Alleghany Corp New York NY Dec16
June               103                 77                 26 34%
Cincinnati Financial Fairfield OH Dec16
June               100               123               (23) -19%
Hanover Insurance Group Worcester MA Dec16
June                 78                   2                 76 3800%
Mercury General Corp Los Angeles CA Dec16
June                 52                 49                   3 6%
Selective Insurance Group Branchville NJ Dec16
June                 41                 44                 (3) -7%
Kemper Corp Chicago IL Dec16
June                 37                   4                 33 825%
Amtrust Financial Services New York NY Dec16
June                 29               145             (116) -80%
RLI Corp Peoria IL Dec16
June                 26                 29                 (3) -10%
Employers Holdings Inc Reno NV Dec16
June                 25                 27                 (2) -7%
Navigators Group Stamford CT Dec16
June                 21                 16                   5 31%
Safety Insurance Group Boston MA Dec16
June                 21                 21                  -   0%
ProAssurance Corp Birmingham AL Dec16
June                 20                 43               (23) -53%
James River Group Hldgs Ltd Richmond VA Dec16
June                 15                 15                  -   0%
Amerisafe Inc Deridder LA Dec16
June                 15                 17                 (2) -12%
State Auto Financial Corp Columbus OH Dec16
June                   9               (25)                 34 NM
Infinity Property and Casualty Corp Birmingham AL Dec16
June                   5                 11                 (6) -55%
United Fire Group Inc Cedar Rapids IA Dec16
June                   3                   3                  -   0%
National General Holdings New York NY Dec16
June                   3                 58               (55) -95%
Horace Mann Educators Corp Springfield IL Dec16
June                   2                 12               (10) -83%
White Mountains Insurance Group Hanover NH Dec16
June                   1               (21)                 22 NM
OneBeacon Insurance Group Ltd Plymouth MN Dec16
June                   0                 25               (25) -99%
Hartford Financial Services Group Hartford CT Dec16
June               (40)               216             (256) NM










Total 34 Marine, Fire and Casualty Insurance 




           4,942            4,573               369 8%










Life Insurance (SIC 6311)








Chubb Ltd (Was Ace Ltd) Philadelphia PA Dec16
June            1,305               726               579 80%
MetLife New York NY Dec16
June               887               114               773 678%
Prudential Financial Newark NJ Dec16
June               496               925             (429) -46%
Lincoln National Corp Radnor PA Dec16
June               411               325                 86 26%
Athene Holding Ltd West Des Moines IA Dec16
June               326               193               133 69%
Genworth Financial Richmond VA Dec16
June               271               241                 30 12%
Brighthouse Financial Charlotte NC Dec16
June               246          (1,423)            1,669 NM
Reinsurance Group of America Chesterfield MO Dec16
June               232               236                 (4) -2%
Voya Financial Inc New York NY Dec16
June               219               136                 83 61%
Torchmark Corp McKinney TX Dec16
June               140               139                   1 1%
Protective Life Birmingham AL Dec16
June                 84               112               (28) -25%
Primerica Inc Duluth GA Dec16
June                 63                 59                   4 7%
American National Insurance Co Galveston TX Dec16
June                 36                 32                   4 13%
FBL Financial Group West Des Moines IA Dec16
June                 32                 24                   8 33%
Fidelity & Guaranty Life Des Moines IA Sep16
June                 32                 10                 22 220%
American Equity Investment Life West Des Moines IA Dec16
June                 27                 15                 12 80%
National Western Life Group Austin TX Dec16
June                 25                 26                 (1) -4%
CF Corp New York NY Dec16
June               (18)                 (1)               (17) NM










Total 18 Life Insurance




           4,814            1,889            2,925 155%










Accident and Health Insurance (SIC 6321)








AFLAC Columbus GA Dec16
June               713               548               165 30%
Principal Financial Group Des Moines IA Dec16
June               315               327               (12) -4%
Unum Group Chattanooga TN Dec16
June               245               237                   8 3%
Assurant New York NY Dec16
June               120               169               (49) -29%
CNO Financial Group Carmel IN Dec16
June                 83                 60                 23 38%










Total all 5 Accident and Health Insurance




           1,476            1,341               135 10%










Insurance Agents, Brokers and Services (SIC 6411)







Marsh & McLennan New York NY Dec16
June               507               480                 27 6%
Arthur J Gallagher Rolling Meadows IL Dec16
June               180               156                 24 15%
Brown & Brown Inc Daytona Beach FL Dec16
June                 66                 66                  -   0%
Erie Indemnity Co Erie PA Dec16
June                 59                 61                 (2) -3%
Willis Towers Watson plc Arlington VA Dec16
June                 41                 76               (35) -46%










Total 5 Insurance Agents, Brokers & Services




              853               839                 14 2%










Title Insurance (SIC 6361)








Fidelity National Financial Jacksonville FL Dec16
June               302               206                 96 47%
First American Financial Santa Ana CA Dec16
June               122               102                 20 20%
Argo Group Intl Holdings Ltd San Antonio TX Dec16
June                 46                 31                 15 48%










Total 3 Title Insurance




              470               339               131 39%










Surety Insurance (SIC 6351)








Assured Guaranty Ltd New York NY Dec16
June               153               146                   7 5%
MGIC Investment Corp Milwaukee WI Dec16
June               119               109                 10 9%
Old Republic Intl Corp Chicago IL Dec16
June               102               101                   1 1%
Essent Group Ltd Philadelphia PA Dec16
June                 72                 52                 20 38%
Radian Group Philadelphia PA Dec16
June               (27)                 98             (125) NM
MBIA Inc Purchase NY Dec16
June          (1,229)               (27)          (1,202) NM










Total 6 Surety Insurance




            (810)               479          (1,289) NM










Total all 79 Insurance Companies




         17,689          13,902            3,787 27%




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