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HLI has an Earnings ESP of +0.91% and is a Zacks #3 Ranked player. The Zacks Consensus Estimate for BRP Group’s bottom line for the to-be-reported quarter indicates a 15.9% rise from the year-ago quarter’s reported figure.īRP’s earnings beat estimates in three of the last four quarters and met the mark once, the average surprise being 24.1%. BRP currently has an Earnings ESP of +3.63% and a Zacks Rank of 3. The consensus mark for CNFR’s revenues is currently pegged at $26.5 million for the first quarter.īRP Group, Inc. The Zacks Consensus Estimate for Conifer Holdings’ bottom line for the to-be-reported quarter indicates an 81.9% rise from the year-ago quarter’s reported figure. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. CNFR has an Earnings ESP of +23.08% and a Zacks Rank #3 at present. Companies Expected to Beat EstimatesĪlthough LNC, currently carrying a Zacks Rank #3 (Hold), missed on earnings, here are some companies from the Finance space worth considering, as our model shows that these have the right combination of elements to beat on earnings this time around:Ĭonifer Holdings, Inc. Also, it paid out $80 million as common dividends. Lincoln National bought back shares worth $400 million in the first quarter. Shareholders’ equity declined to $14,712 million from $20,272 million at 2021 end.īook value per share, excluding accumulated other comprehensive income (AOCI), increased 8.2% year over year to $78.32.Īdjusted operating return on equity excluding AOCI came in at 8.6% compared with the year-ago figure of 10.2%. As of May 4, 2022, its senior debt received ‘A-‘ and ‘BBB+’ ratings from Standard & Poor’s and Fitch, respectively. It had no short-term debt at the first-quarter-end. Long-term debt at the first-quarter 2022 end amounted to $6,561 million, up from $6,325 million at the fourth-quarter 2021 end. Total assets of $365.9 billion also decreased from the 2021-end level of $387.3 billion. Lincoln National exited the first quarter with cash and invested cash of $1,960 million, which declined from $2,612 million at 2021 end. Total sales jumped 42% year over year to $105 million for the quarter under review. Insurance premiums rose 4.5% year over year to $1,169 million. Operating revenues of $1,303 million grew 3.9% year over year. Lower returns from the alternative investment portfolio also affected the unit. Per management, this downside was induced by a non-pandemic-related morbidity and "unusual" claim adjustments. The Group Protection segment incurred a loss from operations of $41 million, wider than the prior-year loss of $26 million. Total deposits increased 9.4% year over year to $1,334 million. Total Life Insurance sales, however, increased 36% year over year to $155 million for the first quarter, thanks to the rising sales across all key products.
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Operating revenues declined 5.9% year over year to $1,825 million. The decline was caused by lower returns from the alternative investment portfolio and unfavorable underlying mortality. Operating income in the Life Insurance segment amounted to $58 million, down from the prior-year quarter’s $107 million.
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Total deposits of $3,367 million rose 27.5% year over year for the quarter under review. Operating revenues of $318 million decreased 2.8% year over year. The negatives were partially offset by increased account values, attributable to a robust equity market performance. The downside can be attributed to weak returns from Lincoln National’s alternative investment portfolio. The Retirement Plan Services segment reported an operating income of $55 million, which declined 3.5% year over year. Total annuity deposits decreased 3.9% year over year to $2,705 million. Operating revenues advanced to $1,232 million from $1,204 million in the year-ago period. The Annuities segment’s operating income increased to $302 million for the first quarter from $290 million a year ago, courtesy of a solid equity market performance that paved the way for increased account values. Benefits constitute 55.8% of total expenses. Total expenses of $4,595 million increased from $4,272 million a year ago, primarily due to higher costs related to benefits, Spark, and commissions and other.