Sunday, March 18, 2018

12 Largest US Life Insurance Corps Filing With the SEC Posted 4Q 2017 Total Earnings of $11.248 Bil, $12.846 Bil Better Than Their 4Q 2016 Total Losses of $1.598 Bil ........................................................................................ $11.055 Bil or 98% of Their 4Q 2017 Total Earnings of $11.248 Bil Was Courtesy of the Very Lucrative US Federal Income Tax Debt Forgiveness Feature Embedded in the Trump Tax Cuts Act

Below here are the 12 largest US Life Insurance Corps each with Book Value of Total Stockholders Equity above $5 Bil.  Some of them have their common stock trading and others don't.  Metropolitan Life Insurance is excluded below since it hasn't yet filed its December 2017 10-K with the SEC.

Corp
Quarter
End
When    TTCA TTCA
Trump US GAAP US GAAP US Decline
Total Tax Net Net Federal  in Value of
Book Cuts Income Income Income Deferred
Value of US Life Insurance Corporation Act (Loss) (Loss) Tax Income
Stockholders SEC SIC 6311 State TTCA Dec 17 Dec 16 Better Debt Tax
Equity Book Value of Stk Equity > $5 Bil City Hqs HQs Signed Quarter Quarter (Worse) Forgiveness Assets
bils $ mils $ mils $ mils $ mils $ mils $
             54.3 Prudential Financial Newark NJ Dec 17            3,865               293            3,572            3,377
             58.9 MetLife New York NY Dec 17            2,315             (971)            3,286            1,790
               9.6 Reinsurance Group of America Chesterfield MO Dec 17            1,217               190            1,027            1,034
               6.2 Torchmark Corp McKinney TX Dec 17            1,027               125               902               877
               7.1 Protective Life Birmingham AL Dec 17               864                 72               792               798
             17.3 Lincoln National Corp Radnor PA Dec 17               816               189               627            1,322
             14.6 Brighthouse Financial Charlotte NC Dec 17               668          (1,765)            2,433               725
               6.9 Allstate Life Insurance Northbrook IL Dec 17               650               108               542               514
               5.2 American National Insurance Galveston TX Dec 17               344                 60               284               206
             15.3 Genworth Financial Richmond VA Dec 17               265               (59)               324               412
               6.7 Hartford Life Insurance Hartford CT Dec 17             (316)                 57             (373)             (396)
             11.0 Voya Financial New York NY Dec 17             (467)               103             (570)             (679)
Total all 12          11,248          (1,598)          12,846          11,055          (1,075)