Top 4 Large-Cap Stocks in the Life Insurance Industry with the Highest Operating Margin
On this first day of May, check out the top large-cap life insurance stocks on the NYSE and the NASDAQ in terms of operating margin.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Close Next 1/4 Previous
MetLifeCompany: MetLife (NYSE: MET)
Trailing-twelve-month operating margin: 8.55%
Profit margin: 1.92%
Overview: MetLife, Inc. (MetLife), is a provider of insurance, annuities and employee benefit programs. Through its subsidiaries and affiliates, MetLife operates in the United States, Japan, Latin America, Asia Pacific, Europe and the Middle East. It is organized into six segments: Insurance Products, Retirement Products, Corporate Benefit Funding and Auto & Home (collectively, U.S. Business), and Japan and Other International Regions (collectively, International). In addition, the Company reports certain of its results of operations in Corporate & Other, which includes MetLife Bank, National Association (MetLife Bank) and other business activities. U.S. Business provides insurance and financial services products, including life, dental, disability, auto and homeowner insurance, guaranteed interest and stable value products, and annuities through independent retail distribution channels. In January 2013, it completed the sale of MetLife Bank, N.A.'s deposit business. (via NYSE).
ManulifeCompany: Manulife Financial (NYSE: MFC)
Trailing-twelve-month operating margin: 8.07%
Total cash in Q1 2013: $28.34 billion
Overview: Manulife Financial Corporation (MFC) is a financial services group. MFC is a life insurance company and the holding company of The Manufacturers Life Insurance Company (MLI) and John Hancock Reassurance Company Ltd. Its international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients, as well as asset management services to institutional customers. MFC operates in five divisions: Asia Division, Canadian Division, U.S. Division, U.S. Wealth Management and Corporate and Other segment. In October 2012, its United States unit, John Hancock, acquired two new real estate assets. In October 2012, it acquired Wellington West Financial Services Inc., and a dealership registered with the Mutual Funds Dealers Association, from National Bank. In January 2013, the Company acquired Benesure Canada Inc. (via NYSE).
PrudentialCompany: Prudential plc (NYSE: PUK)
Trailing-twelve-month operating margin: 6.25%
Trailing-twelve-month revenue: $89.17 billion
Overview: Prudential plc (Prudential) is an international financial services group, with operations in Asia, the United States and the United Kingdom. Prudential is structured around four business units: Prudential Corporation Asia, Jackson National Life Insurance Company (Jackson), Prudential UK insurance operations and M&G. Prudential Corporation Asia's core business is life insurance, health and protection, either attached to a life policy or on a standalone basis, and mutual funds. It also provides selected personal lines property and casualty insurance, group insurance, institutional fund management and consumer finance (Vietnam only). In the fund management business Prudential holds a 49% stake in a joint venture with ICICI, in the People's Republic of China, it had a 49 % stake in a joint venture with CITIC and in Hong Kong it has a 36% equity stake in a joint venture with Bank of China International. (via NYSE).
AvivaCompany: Aviva plc (NYSE: AV)
Trailing-twelve-month operating margin: 5.67%
Overview: Aviva plc (Aviva) is engaged in the provision of financial products and services: long-term insurance and savings business, general insurance and health and fund management. Its business is managed on a geographic basis based on four regions: the United States, Europe, North America and Asia Pacific. The four regions function as six operating segments as both the United Kingdom and Europe regions are split into two operating segments. The UK region is split into the UK Life and UK General Insurance segments, which undertake long-term insurance and savings business and general insurance respectively. In Europe, Delta Lloyd is managed separately from the other European businesses. On February 17, 2010, the Company sold 35% holding in Sogessur SA. On February 24, 2010, the Company acquired River Road Asset Management. (via NYSE).