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Met Life Q1 24 Earnings
GROUP BENEFITS Segment
Adjusted earnings $284 down (7)%
Adjusted premiums, fees, and other revenues $6,330
Sales were up 25 percent, driven by strong growth across both core and voluntary products.
Click to access MET_1Q24_Earnings_Release-FINAL.pdf
#leadershipmatters #management #ceo #cfo #business #hr #humanresources #managementconsulting #strategy #strategytoexecution #shrm #benefitspro #leadership
Prudential Financial, Inc. Announces First Quarter 2024 Results
Net income attributable to Prudential Financial, Inc. of $1.138 billion versus net income of $1.462 billion for the year-ago quarter.
Group Insurance:
• Reported adjusted operating income of $45 million in the current quarter, compared to $25 million in the year-ago quarter.
This increase primarily reflects more favorable underwriting results in group life and higher net investment spread results, partially offset by higher
expenses.
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Humana warns of tough times ahead for Medicare Advantage
https://lnkd.in/e-PuXSCb
Humana Reports First Quarter 2024 Financial Results; $741 million in net income on $29,611 billion in revenues.
HUM stock closes at $320.54, down from $470.10 on 1/2/24 and a 52-week high of $541.21.
Humana’s market cap has fallen from $57.874 b on 1/2/24 to $38.625 b today
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https://lnkd.in/eMuv6Cdu
The Hartford Announces Strong First Quarter 2024 Financial Performance with $748 m in net income.
Group Benefits
Net income of $108 million in the first quarter of 2024, up from $92 million in Q1 23
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://ir.thehartford.com/files/doc_financials/2024/q1/First-Quarter-2024-Results-Final.pdf
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Unum reports $395 million in net income for Q1 2024
https://investors.unum.com/news-events/news/news-details/2024/Unum-Group-Reports-First-Quarter-2024-Results/default.aspx
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Aflac Incorporated announced its first-quarter results, reporting net earnings of $1.9 billion and declaring a second-quarter cash dividend.
https://s24.q4cdn.com/367535798/files/doc_financials/2024/q1/1Q24-Max-s-Teleconference-Presentation.pdf
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Are you prepared for an in-depth conversation with a CEO? Many CEOs say 35% – 40% of people sitting before them are not. I spend much time reviewing 10K reports to understand what companies are doing well and what they are doing below average. I do this to talk about things that will get a CEO talking about their company. Knowledge is power and gives you a unique advantage over most of your competition. Don’t throw a bad pitch – ask CEOs about their pain points and talk about solutions. That’s the conversation they want to have.
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I prepared this list of CEOs, carriers who write worksite premiums, and the CEO pay based on public records from several sources.
A lot has been said since medical carriers have issued their financials and proxy statements outlining their CEOs pay in 2022.
What are your thoughts about their pay?
Here’s what the CEOs of major national payers earned last year (fiercehealthcare.com)
As we prepare for the release of the 4th quarter earnings over the next two weeks, let’s review the first three quarters of 2022 for the supplemental worksite carriers to see where they stand.
The supplemental carriers are ten public insurance companies and are some of the industry’s leading carriers. The data is based on information in 10Q and 10K public filings from 2018 to the 3rd quarter of 2022.
The attached file reflects the products that employees have purchased at open enrollment. The report is for 2018 – 2021 by carrier and product line. You will notice that not every carrier is focused on the same products. For example, Lincoln National, The Hartford, and Prudential only product with any clear positioning is their term life product (61% of their combined written premiums). Likewise, MetLife and Aflac have more balance in their product line. MetLife led the industry in term life premium, dental, vision, accidental death, and long-term disability. Aflac led the industry in accident, cancer, critical illness, short-term disability, and hospital indemnity premium.
Guardian and UnitedHealthcare are the 2nd and 3rd largest dental carriers but dental is their only product with a strong presence. New York Life is similar; its only strong presence is its term life product.
Feel free to comment on my webpage at www.jeffhyman.net