Life Insurance Stocks To Track (MFC, PRU, LNC)

Manulife Financial Corporation (USA) (NYSE:MFC) added 0.81% to $14.99. The company said this month that it lost C$947 million, or 55 Canadian cents a share, in the quarter ended Sept. 30. That compared with a loss of C$172 million, or 12 Canadian cents a share, in the year-before period.

Analysts polled by Thomson Reuters had expected, on average, a loss of 73 Canadian cents a share

The stock went down more than 18% year-to-date.

Prudential Financial, Inc. (NYSE:PRU) went up 1.13% to $53.86. The company this month reported a larger third-quarter profit on Wednesday as the No. 2 U.S. life insurer recorded a huge benefit for accounting changes in its annuity business.

Prudential reported a net profit of $1.17 billion, or $2.46 per share, up from a year-earlier profit of $1.09 billion, or $2.35 per share.

Adjusted operating earnings, which exclude investment gains and losses, were $2.12 per share. Analysts had expected earnings of $1.43 per share in the quarter, according to Thomson Reuters.

Lincoln National Corporation (NYSE:LNC) surged 0.93% to $23.89. The company said this month that third-quarter net income was $246 million, or 75 cents per common share, compared to net income of $153 million, or 44 cents a share, in the same period a year earlier.

Income from operations, which excludes net realized investment gains and losses, was $206 million, or 63 cents per common share, in the latest period. Lincoln was expected to make 87 cents a share, according to the average estimate of analysts in a FactSet survey.

Over the past 52-week, the stock traded within the range of $20.65-$33.55. The stock went down more than 3% year-to-date.