# Insurance - Life — company-by-company sector analysis

> Insurance - Life: Manulife Financial Corporation owns the largest revenue base; Abacus Global Management, Inc. has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-28. Not investment advice.

## Bottom line

Insurance - Life has outperformed S&P 500 by 14.1% over 52 weeks and 8.5% over 13 weeks. 13 of 17 covered companies beat the S&P 500 on Mansfield relative strength, while 7 of 17 beat the sector itself. Manulife Financial Corporation leads with income of $86,369 million, based on 15 of 17 comparable companies through Mar 2026.

### Is the Insurance - Life sector outperforming S&P 500?

Insurance - Life has outperformed S&P 500 by 14.1% over 52 weeks and 8.5% over 13 weeks. 13 of 17 covered companies beat the S&P 500 on Mansfield relative strength, while 7 of 17 beat the sector itself.

### Which Insurance - Life company is largest by income?

Manulife Financial Corporation leads with income of $86,369 million, based on 15 of 17 comparable companies through Mar 2026.

### Which Insurance - Life company is growing fastest?

Abacus Global Management, Inc. has the fastest current income growth at 86.6%, across 15 of 17 comparable companies.

### Which Insurance - Life company has the strongest 4-Factor Sector Score?

CNO Financial Group, Inc. ranks first at 71.8/100 with 76% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Insurance - Life company has the lowest comparable P/BV-to-ROE?

CNO Financial Group, Inc. has the lowest comparable P/BV ÷ ROE at 0.06, among 14 of 17 companies that pass the metric’s comparability rules.

### How much history does this Insurance - Life comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

Insurance - Life has outperformed S&P 500 by 14.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 8.5%. 13 of 17 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Abacus Global Management, Inc. is the strongest against the sector itself at +13.6%.

13-week sector return versus NIFTY 500: 8.5%
52-week sector return versus NIFTY 500: 14%
Stocks leading NIFTY: 13/17
Stocks leading sector: 7/17

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 17
Combined market value: ₹3.5 L Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. CNO Financial Group, Inc. (CNO): 72/100 — Favorable setup; evidence 76%
   - Growth & earnings 17.8/35 | Capital efficiency 20.1/25 | Valuation 15.9/20 | Relative strength 18.0/20
   - Exact sum: 17.8 + 20.1 + 15.9 + 18 = 71.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Globe Life Inc. (GL): 67/100 — Favorable setup; evidence 60%
   - Growth & earnings 21.7/35 | Capital efficiency 18.6/25 | Valuation 11.2/20 | Relative strength 15.6/20
   - Exact sum: 21.7 + 18.6 + 11.2 + 15.6 = 67.1
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Primerica, Inc. (PRI): 60/100 — Mixed-positive evidence; evidence 76%
   - Growth & earnings 22.6/35 | Capital efficiency 15.5/25 | Valuation 6.0/20 | Relative strength 15.9/20
   - Exact sum: 22.6 + 15.5 + 6 + 15.9 = 60
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. Aflac Incorporated (AFL): 54/100 — Mixed-positive evidence; evidence 76%
   - Growth & earnings 24.4/35 | Capital efficiency 12.7/25 | Valuation 4.7/20 | Relative strength 12.3/20
   - Exact sum: 24.4 + 12.7 + 4.7 + 12.3 = 54.1
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5. Manulife Financial Corporation (MFC): 51/100 — Mixed-positive evidence; evidence 76%
   - Growth & earnings 19.5/35 | Capital efficiency 10.9/25 | Valuation 4.5/20 | Relative strength 16.0/20
   - Exact sum: 19.5 + 10.9 + 4.5 + 16 = 50.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6. Abacus Global Management, Inc. (ABX): 51/100 — Mixed-positive evidence; evidence 61%
   - Growth & earnings 17.3/35 | Capital efficiency 12.5/25 | Valuation 3.7/20 | Relative strength 17.0/20
   - Exact sum: 17.3 + 12.5 + 3.7 + 17 = 50.5
   - Decision use: Price leads the evidence: RS versus the benchmark is 22.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
7. MetLife, Inc. (MET): 48/100 — Mixed-negative evidence; evidence 76%
   - Growth & earnings 14.1/35 | Capital efficiency 10.5/25 | Valuation 6.2/20 | Relative strength 17.6/20
   - Exact sum: 14.1 + 10.5 + 6.2 + 17.6 = 48.4
   - Decision use: Price leads the evidence: RS versus the benchmark is 13.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8. F&G Annuities & Life, Inc. (FG): 47/100 — Mixed-negative evidence; evidence 67%
   - Growth & earnings 23.3/35 | Capital efficiency 9.8/25 | Valuation 8.6/20 | Relative strength 5.2/20
   - Exact sum: 23.3 + 9.8 + 8.6 + 5.2 = 46.9
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11% and the one-year return is -3%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
9. Prudential Financial, Inc. (PRU): 46/100 — Mixed-negative evidence; evidence 76%
   - Growth & earnings 18.4/35 | Capital efficiency 7.5/25 | Valuation 4.9/20 | Relative strength 15.2/20
   - Exact sum: 18.4 + 7.5 + 4.9 + 15.2 = 46
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10. Security National Financial Corporation (SNFCA): 42/100 — Mixed-negative evidence; evidence 70%
   - Growth & earnings 17.4/35 | Capital efficiency 9.4/25 | Valuation 7.5/20 | Relative strength 7.9/20
   - Exact sum: 17.4 + 9.4 + 7.5 + 7.9 = 42.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11. Lincoln National Corporation (LNC): 41/100 — Thin evidence · provisional; evidence 55%
   - Growth & earnings 17.5/35 | Capital efficiency 5.5/25 | Valuation 9.8/20 | Relative strength 7.8/20
   - Exact sum: 17.5 + 5.5 + 9.8 + 7.8 = 40.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12. Unum Group (UNM): 39/100 — Mixed-negative evidence; evidence 76%
   - Growth & earnings 13.9/35 | Capital efficiency 11.2/25 | Valuation 5.6/20 | Relative strength 7.9/20
   - Exact sum: 13.9 + 11.2 + 5.6 + 7.9 = 38.6
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13. Jackson Financial Inc. (JXN): 35/100 — Thin evidence · provisional; evidence 55%
   - Growth & earnings 11.0/35 | Capital efficiency 4.7/25 | Valuation 9.8/20 | Relative strength 9.1/20
   - Exact sum: 11 + 4.7 + 9.8 + 9.1 = 34.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14. Genworth Financial, Inc. (GNW): 34/100 — Adverse evidence; evidence 76%
   - Growth & earnings 10.9/35 | Capital efficiency 7.5/25 | Valuation 6.0/20 | Relative strength 9.9/20
   - Exact sum: 10.9 + 7.5 + 6 + 9.9 = 34.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15. Brighthouse Financial, Inc. (BHF): 27/100 — Thin evidence · provisional; evidence 55%
   - Growth & earnings 10.5/35 | Capital efficiency 4.2/25 | Valuation 9.8/20 | Relative strength 2.8/20
   - Exact sum: 10.5 + 4.2 + 9.8 + 2.8 = 27.3
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
16. Prudential plc (PUK): 50/100 — Thin evidence · provisional; evidence 50%
   - Growth & earnings 18.7/35 | Capital efficiency 17.6/25 | Valuation 13.1/20 | Relative strength 0.6/20
   - Exact sum: 18.7 + 17.6 + 13.1 + 0.6 = 50
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17. Citizens, Inc. (CIA): 36/100 — Thin evidence · provisional; evidence 47%
   - Growth & earnings 18.8/35 | Capital efficiency 10.4/25 | Valuation 3.8/20 | Relative strength 3.0/20
   - Exact sum: 18.8 + 10.4 + 3.8 + 3 = 36
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Income Scale & Growth Durability

What the numbers say: Manulife Financial Corporation is the scale leader at $86,369 million, 11.3% ahead of MetLife, Inc.. Abacus Global Management, Inc.'s growth is 86.6% from a $250 million base, with 16 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Manulife Financial Corporation is the scale benchmark; Abacus Global Management, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Manulife Financial Corporation's growth falls below Abacus Global Management, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Evidence: Manulife Financial Corporation · $86,369 million | 11.3% versus #2 · MetLife, Inc. | 6/8 recent comparable periods | 15/17 companies · 308 observations

Definition: For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.

### Income — largest
1. Manulife Financial Corporation (MFC): ₹86.4K Cr
2. MetLife, Inc. (MET): ₹77.6K Cr
3. Prudential Financial, Inc. (PRU): ₹62.8K Cr
4. Lincoln National Corporation (LNC): ₹18.8K Cr
5. Aflac Incorporated (AFL): ₹18.1K Cr

### Income growth — fastest growers
1. Abacus Global Management, Inc. (ABX): 87%
2. Manulife Financial Corporation (MFC): 21%
3. F&G Annuities & Life, Inc. (FG): 18%
4. Aflac Incorporated (AFL): 7.3%
5. Citizens, Inc. (CIA): 7.0%

### 20-quarter Income history
- MFC: Sep 2021 ₹16.0K Cr | Dec 2021 ₹21.6K Cr | Mar 2022 ₹5.3K Cr | Jun 2022 ₹2.6K Cr | Sep 2022 ₹12.3K Cr | Dec 2022 ₹11.1K Cr | Mar 2023 ₹18.1K Cr | Jun 2023 ₹17.2K Cr | Sep 2023 ₹10.7K Cr | Dec 2023 ₹22.1K Cr | Mar 2024 ₹17.6K Cr | Jun 2024 ₹17.7K Cr | Sep 2024 ₹20.8K Cr | Dec 2024 ₹17.7K Cr | Mar 2025 ₹15.2K Cr | Jun 2025 ₹22.8K Cr | Sep 2025 ₹26.2K Cr | Dec 2025 ₹22.0K Cr | Mar 2026 ₹15.4K Cr | Jun 2026 —
- AFL: Sep 2021 ₹5.2K Cr | Dec 2021 ₹4.9K Cr | Mar 2022 ₹5.2K Cr | Jun 2022 ₹5.3K Cr | Sep 2022 ₹4.7K Cr | Dec 2022 ₹3.9K Cr | Mar 2023 ₹4.8K Cr | Jun 2023 ₹5.2K Cr | Sep 2023 ₹5.0K Cr | Dec 2023 ₹3.8K Cr | Mar 2024 ₹5.4K Cr | Jun 2024 ₹5.1K Cr | Sep 2024 ₹2.9K Cr | Dec 2024 ₹5.4K Cr | Mar 2025 ₹3.4K Cr | Jun 2025 ₹4.2K Cr | Sep 2025 ₹4.7K Cr | Dec 2025 ₹4.9K Cr | Mar 2026 ₹4.3K Cr | Jun 2026 —
- MET: Sep 2021 ₹16.9K Cr | Dec 2021 ₹20.1K Cr | Mar 2022 ₹15.4K Cr | Jun 2022 ₹15.5K Cr | Sep 2022 ₹22.3K Cr | Dec 2022 ₹15.6K Cr | Mar 2023 ₹15.4K Cr | Jun 2023 ₹16.6K Cr | Sep 2023 ₹15.9K Cr | Dec 2023 ₹19.0K Cr | Mar 2024 ₹16.1K Cr | Jun 2024 ₹17.8K Cr | Sep 2024 ₹18.4K Cr | Dec 2024 ₹18.7K Cr | Mar 2025 ₹18.6K Cr | Jun 2025 ₹17.3K Cr | Sep 2025 ₹17.4K Cr | Dec 2025 ₹23.8K Cr | Mar 2026 ₹19.1K Cr | Jun 2026 —
- PRU: Sep 2021 ₹21.6K Cr | Dec 2021 ₹16.7K Cr | Mar 2022 ₹11.9K Cr | Jun 2022 ₹11.4K Cr | Sep 2022 ₹20.2K Cr | Dec 2022 ₹13.4K Cr | Mar 2023 ₹17.0K Cr | Jun 2023 ₹13.5K Cr | Sep 2023 ₹8.4K Cr | Dec 2023 ₹15.1K Cr | Mar 2024 ₹23.5K Cr | Jun 2024 ₹14.9K Cr | Sep 2024 ₹19.5K Cr | Dec 2024 ₹12.5K Cr | Mar 2025 ₹13.5K Cr | Jun 2025 ₹13.7K Cr | Sep 2025 ₹17.9K Cr | Dec 2025 ₹15.7K Cr | Mar 2026 ₹15.5K Cr | Jun 2026 —
- PUK: Sep 2021 — | Dec 2021 ₹23.1K Cr | Mar 2022 — | Jun 2022 ₹-1.6K Cr | Sep 2022 — | Dec 2022 ₹-27.2K Cr | Mar 2023 — | Jun 2023 ₹7.1K Cr | Sep 2023 — | Dec 2023 ₹6.7K Cr | Mar 2024 — | Jun 2024 ₹6.5K Cr | Sep 2024 — | Dec 2024 ₹11.4K Cr | Mar 2025 — | Jun 2025 ₹8.5K Cr | Sep 2025 — | Dec 2025 ₹17.0K Cr | Mar 2026 — | Jun 2026 —
- UNM: Sep 2021 ₹3.0K Cr | Dec 2021 ₹3.0K Cr | Mar 2022 ₹3.0K Cr | Jun 2022 ₹3.0K Cr | Sep 2022 ₹3.0K Cr | Dec 2022 ₹3.0K Cr | Mar 2023 ₹3.0K Cr | Jun 2023 ₹3.1K Cr | Sep 2023 ₹3.1K Cr | Dec 2023 ₹3.1K Cr | Mar 2024 ₹3.2K Cr | Jun 2024 ₹3.2K Cr | Sep 2024 ₹3.2K Cr | Dec 2024 ₹3.2K Cr | Mar 2025 ₹3.1K Cr | Jun 2025 ₹3.4K Cr | Sep 2025 ₹3.4K Cr | Dec 2025 ₹3.2K Cr | Mar 2026 ₹3.4K Cr | Jun 2026 —
- GL: Sep 2021 ₹1.3K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.3K Cr | Sep 2022 ₹1.3K Cr | Dec 2022 ₹1.3K Cr | Mar 2023 ₹1.3K Cr | Jun 2023 ₹1.3K Cr | Sep 2023 ₹1.4K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹1.4K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.5K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.5K Cr | Mar 2026 ₹1.6K Cr | Jun 2026 —
- PRI: Sep 2021 ₹693 Cr | Dec 2021 ₹724 Cr | Mar 2022 ₹691 Cr | Jun 2022 ₹669 Cr | Sep 2022 ₹673 Cr | Dec 2022 ₹624 Cr | Mar 2023 ₹690 Cr | Jun 2023 ₹688 Cr | Sep 2023 ₹697 Cr | Dec 2023 ₹706 Cr | Mar 2024 ₹736 Cr | Jun 2024 ₹791 Cr | Sep 2024 ₹774 Cr | Dec 2024 ₹788 Cr | Mar 2025 ₹805 Cr | Jun 2025 ₹793 Cr | Sep 2025 ₹840 Cr | Dec 2025 ₹854 Cr | Mar 2026 ₹873 Cr | Jun 2026 —
- JXN: Sep 2021 ₹1.6K Cr | Dec 2021 ₹1.7K Cr | Mar 2022 ₹2.2K Cr | Jun 2022 ₹6.7K Cr | Sep 2022 ₹3.0K Cr | Dec 2022 ₹-2.0K Cr | Mar 2023 ₹-764 Cr | Jun 2023 ₹380 Cr | Sep 2023 ₹2.6K Cr | Dec 2023 ₹882 Cr | Mar 2024 ₹-322 Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹2.1K Cr | Dec 2024 ₹225 Cr | Mar 2025 ₹3.8K Cr | Jun 2025 ₹-471 Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹2.0K Cr | Mar 2026 ₹2.9K Cr | Jun 2026 —
- LNC: Sep 2021 ₹5.2K Cr | Dec 2021 ₹4.6K Cr | Mar 2022 ₹4.7K Cr | Jun 2022 ₹5.6K Cr | Sep 2022 ₹4.7K Cr | Dec 2022 ₹3.8K Cr | Mar 2023 ₹3.8K Cr | Jun 2023 ₹2.9K Cr | Sep 2023 ₹4.2K Cr | Dec 2023 ₹700 Cr | Mar 2024 ₹4.1K Cr | Jun 2024 ₹5.2K Cr | Sep 2024 ₹4.1K Cr | Dec 2024 ₹5.1K Cr | Mar 2025 ₹4.7K Cr | Jun 2025 ₹4.0K Cr | Sep 2025 ₹4.6K Cr | Dec 2025 ₹4.9K Cr | Mar 2026 ₹5.3K Cr | Jun 2026 —
- CNO: Sep 2021 ₹968 Cr | Dec 2021 ₹1.1K Cr | Mar 2022 ₹843 Cr | Jun 2022 ₹855 Cr | Sep 2022 ₹905 Cr | Dec 2022 ₹974 Cr | Mar 2023 ₹1.0K Cr | Jun 2023 ₹1.0K Cr | Sep 2023 ₹948 Cr | Dec 2023 ₹1.2K Cr | Mar 2024 ₹1.2K Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹1.1K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹1.0K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.0K Cr | Jun 2026 —
- FG: Sep 2021 — | Dec 2021 — | Mar 2022 ₹750 Cr | Jun 2022 ₹70 Cr | Sep 2022 ₹902 Cr | Dec 2022 ₹627 Cr | Mar 2023 ₹869 Cr | Jun 2023 ₹1.2K Cr | Sep 2023 ₹851 Cr | Dec 2023 ₹1.6K Cr | Mar 2024 ₹1.6K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.4K Cr | Dec 2024 ₹1.6K Cr | Mar 2025 ₹908 Cr | Jun 2025 ₹1.4K Cr | Sep 2025 ₹1.7K Cr | Dec 2025 ₹1.8K Cr | Mar 2026 ₹1.2K Cr | Jun 2026 —
- GNW: Sep 2021 ₹2.1K Cr | Dec 2021 ₹1.7K Cr | Mar 2022 ₹1.9K Cr | Jun 2022 ₹1.9K Cr | Sep 2022 ₹1.8K Cr | Dec 2022 ₹1.9K Cr | Mar 2023 ₹1.9K Cr | Jun 2023 ₹1.9K Cr | Sep 2023 ₹1.8K Cr | Dec 2023 ₹1.9K Cr | Mar 2024 ₹1.9K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹1.9K Cr | Dec 2024 ₹1.8K Cr | Mar 2025 ₹1.8K Cr | Jun 2025 ₹1.8K Cr | Sep 2025 ₹1.9K Cr | Dec 2025 ₹1.8K Cr | Mar 2026 ₹1.8K Cr | Jun 2026 —
- BHF: Sep 2021 ₹2.5K Cr | Dec 2021 ₹2.0K Cr | Mar 2022 ₹2.0K Cr | Jun 2022 ₹3.9K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹-127 Cr | Mar 2023 ₹1.3K Cr | Jun 2023 ₹263 Cr | Sep 2023 ₹1.2K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹74 Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹2.0K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹2.4K Cr | Jun 2025 ₹871 Cr | Sep 2025 ₹1.8K Cr | Dec 2025 ₹1.7K Cr | Mar 2026 ₹1.5K Cr | Jun 2026 —
- ABX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹8 Cr | Sep 2022 ₹12 Cr | Dec 2022 ₹15 Cr | Mar 2023 ₹10 Cr | Jun 2023 ₹11 Cr | Sep 2023 ₹21 Cr | Dec 2023 ₹24 Cr | Mar 2024 ₹21 Cr | Jun 2024 ₹29 Cr | Sep 2024 ₹28 Cr | Dec 2024 ₹33 Cr | Mar 2025 ₹44 Cr | Jun 2025 ₹56 Cr | Sep 2025 ₹63 Cr | Dec 2025 ₹72 Cr | Mar 2026 ₹59 Cr | Jun 2026 —
- CIA: Sep 2021 ₹62 Cr | Dec 2021 ₹70 Cr | Mar 2022 ₹55 Cr | Jun 2022 ₹54 Cr | Sep 2022 ₹56 Cr | Dec 2022 ₹67 Cr | Mar 2023 ₹56 Cr | Jun 2023 ₹59 Cr | Sep 2023 ₹59 Cr | Dec 2023 ₹67 Cr | Mar 2024 ₹58 Cr | Jun 2024 ₹62 Cr | Sep 2024 ₹62 Cr | Dec 2024 ₹63 Cr | Mar 2025 ₹56 Cr | Jun 2025 ₹65 Cr | Sep 2025 ₹63 Cr | Dec 2025 ₹72 Cr | Mar 2026 ₹60 Cr | Jun 2026 —
- SNFCA: Sep 2021 ₹120 Cr | Dec 2021 ₹112 Cr | Mar 2022 ₹102 Cr | Jun 2022 ₹96 Cr | Sep 2022 ₹83 Cr | Dec 2022 ₹108 Cr | Mar 2023 ₹80 Cr | Jun 2023 ₹84 Cr | Sep 2023 ₹80 Cr | Dec 2023 ₹75 Cr | Mar 2024 ₹81 Cr | Jun 2024 ₹86 Cr | Sep 2024 ₹88 Cr | Dec 2024 ₹79 Cr | Mar 2025 ₹83 Cr | Jun 2025 ₹90 Cr | Sep 2025 ₹89 Cr | Dec 2025 ₹83 Cr | Mar 2026 ₹80 Cr | Jun 2026 —

### 20-quarter Income growth history
- MFC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -90% | Sep 2022 -23% | Dec 2022 -49% | Mar 2023 241% | Jun 2023 568% | Sep 2023 -13% | Dec 2023 100% | Mar 2024 -2.7% | Jun 2024 3.1% | Sep 2024 94% | Dec 2024 -20% | Mar 2025 -13% | Jun 2025 29% | Sep 2025 26% | Dec 2025 25% | Mar 2026 0.8% | Jun 2026 —
- AFL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -4.5% | Sep 2022 -10% | Dec 2022 -19% | Mar 2023 -7.2% | Jun 2023 -2.7% | Sep 2023 5.2% | Dec 2023 -4.3% | Mar 2024 13% | Jun 2024 -0.7% | Sep 2024 -40% | Dec 2024 43% | Mar 2025 -37% | Jun 2025 -19% | Sep 2025 61% | Dec 2025 -9.9% | Mar 2026 28% | Jun 2026 —
- MET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -16% | Sep 2022 32% | Dec 2022 -22% | Mar 2023 -0.1% | Jun 2023 7.4% | Sep 2023 -29% | Dec 2023 22% | Mar 2024 4.4% | Jun 2024 7.2% | Sep 2024 16% | Dec 2024 -1.9% | Mar 2025 16% | Jun 2025 -2.7% | Sep 2025 -5.9% | Dec 2025 28% | Mar 2026 2.7% | Jun 2026 —
- PRU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -28% | Sep 2022 -6.7% | Dec 2022 -20% | Mar 2023 44% | Jun 2023 18% | Sep 2023 -59% | Dec 2023 12% | Mar 2024 38% | Jun 2024 10% | Sep 2024 133% | Dec 2024 -17% | Mar 2025 -43% | Jun 2025 -7.8% | Sep 2025 -8.2% | Dec 2025 25% | Mar 2026 15% | Jun 2026 —
- PUK: Sep 2021 — | Dec 2021 -27% | Mar 2022 — | Jun 2022 -107% | Sep 2022 — | Dec 2022 -218% | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 -8.4% | Sep 2024 — | Dec 2024 69% | Mar 2025 — | Jun 2025 31% | Sep 2025 — | Dec 2025 50% | Mar 2026 — | Jun 2026 —
- UNM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.6% | Sep 2022 -0.4% | Dec 2022 1.1% | Mar 2023 1.9% | Jun 2023 2.4% | Sep 2023 4.5% | Dec 2023 4.7% | Mar 2024 5.4% | Jun 2024 3.9% | Sep 2024 4.0% | Dec 2024 2.9% | Mar 2025 -3.4% | Jun 2025 4.0% | Sep 2025 5.0% | Dec 2025 0.2% | Mar 2026 8.5% | Jun 2026 —
- GL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.7% | Sep 2022 1.5% | Dec 2022 2.9% | Mar 2023 1.4% | Jun 2023 2.6% | Sep 2023 6.7% | Dec 2023 6.1% | Mar 2024 7.2% | Jun 2024 8.6% | Sep 2024 5.1% | Dec 2024 3.5% | Mar 2025 4.5% | Jun 2025 2.9% | Sep 2025 4.0% | Dec 2025 3.7% | Mar 2026 5.4% | Jun 2026 —
- PRI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2.1% | Sep 2022 -2.9% | Dec 2022 -14% | Mar 2023 -0.1% | Jun 2023 2.8% | Sep 2023 3.6% | Dec 2023 13% | Mar 2024 6.7% | Jun 2024 15% | Sep 2024 11% | Dec 2024 12% | Mar 2025 9.4% | Jun 2025 0.3% | Sep 2025 8.5% | Dec 2025 8.4% | Mar 2026 8.5% | Jun 2026 —
- JXN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2,785% | Sep 2022 88% | Dec 2022 -218% | Mar 2023 -134% | Jun 2023 -94% | Sep 2023 -13% | Dec 2023 — | Mar 2024 — | Jun 2024 228% | Sep 2024 -18% | Dec 2024 -74% | Mar 2025 — | Jun 2025 -138% | Sep 2025 -33% | Dec 2025 784% | Mar 2026 -23% | Jun 2026 —
- LNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 15% | Sep 2022 -11% | Dec 2022 -17% | Mar 2023 -19% | Jun 2023 -47% | Sep 2023 -10% | Dec 2023 -82% | Mar 2024 7.9% | Jun 2024 76% | Sep 2024 -2.2% | Dec 2024 623% | Mar 2025 14% | Jun 2025 -22% | Sep 2025 11% | Dec 2025 -2.8% | Mar 2026 13% | Jun 2026 —
- CNO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -20% | Sep 2022 -6.5% | Dec 2022 -9.4% | Mar 2023 19% | Jun 2023 20% | Sep 2023 4.8% | Dec 2023 20% | Mar 2024 15% | Jun 2024 4.2% | Sep 2024 19% | Dec 2024 -6.3% | Mar 2025 -13% | Jun 2025 8.1% | Sep 2025 5.2% | Dec 2025 4.2% | Mar 2026 2.6% | Jun 2026 —
- FG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 16% | Jun 2023 1,569% | Sep 2023 -5.7% | Dec 2023 157% | Mar 2024 81% | Jun 2024 0.3% | Sep 2024 70% | Dec 2024 -3.3% | Mar 2025 -42% | Jun 2025 16% | Sep 2025 17% | Dec 2025 13% | Mar 2026 31% | Jun 2026 —
- GNW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -7.6% | Sep 2022 -11% | Dec 2022 8.2% | Mar 2023 -2.1% | Jun 2023 0.3% | Sep 2023 -0.9% | Dec 2023 2.4% | Mar 2024 0.5% | Jun 2024 -6.5% | Sep 2024 2.7% | Dec 2024 -6.8% | Mar 2025 -4.2% | Jun 2025 1.5% | Sep 2025 2.9% | Dec 2025 0.1% | Mar 2026 -0.5% | Jun 2026 —
- BHF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 131% | Sep 2022 -55% | Dec 2022 -106% | Mar 2023 -36% | Jun 2023 -93% | Sep 2023 4.4% | Dec 2023 — | Mar 2024 -94% | Jun 2024 443% | Sep 2024 72% | Dec 2024 -14% | Mar 2025 3,130% | Jun 2025 -39% | Sep 2025 -10% | Dec 2025 40% | Mar 2026 -36% | Jun 2026 —
- ABX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 38% | Sep 2023 75% | Dec 2023 60% | Mar 2024 110% | Jun 2024 164% | Sep 2024 33% | Dec 2024 38% | Mar 2025 110% | Jun 2025 93% | Sep 2025 125% | Dec 2025 118% | Mar 2026 34% | Jun 2026 —
- CIA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -16% | Sep 2022 -9.7% | Dec 2022 -4.3% | Mar 2023 1.8% | Jun 2023 9.3% | Sep 2023 5.4% | Dec 2023 0.0% | Mar 2024 3.6% | Jun 2024 5.1% | Sep 2024 5.1% | Dec 2024 -6.0% | Mar 2025 -3.5% | Jun 2025 4.8% | Sep 2025 1.6% | Dec 2025 14% | Mar 2026 7.1% | Jun 2026 —
- SNFCA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -18% | Sep 2022 -31% | Dec 2022 -3.6% | Mar 2023 -22% | Jun 2023 -13% | Sep 2023 -3.6% | Dec 2023 -31% | Mar 2024 1.3% | Jun 2024 2.4% | Sep 2024 10% | Dec 2024 5.3% | Mar 2025 2.5% | Jun 2025 4.7% | Sep 2025 1.1% | Dec 2025 5.1% | Mar 2026 -3.6% | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: Manulife Financial Corporation leads with $6,673 million of TTM profit, 43.9% above Aflac Incorporated. Primerica, Inc. shows 54.1% growth from a $772 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Manulife Financial Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Manulife Financial Corporation · $6,673 million | 43.9% versus #2 · Aflac Incorporated | 3/8 recent comparable periods | 15/17 companies · 311 observations

Definition: Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.

### Net profit — largest
1. Manulife Financial Corporation (MFC): ₹6.7K Cr
2. Aflac Incorporated (AFL): ₹4.6K Cr
3. MetLife, Inc. (MET): ₹3.6K Cr
4. Prudential Financial, Inc. (PRU): ₹3.5K Cr
5. CNO Financial Group, Inc. (CNO): ₹3.2K Cr

### Profit growth — fastest growers
1. Primerica, Inc. (PRI): 54%
2. Prudential Financial, Inc. (PRU): 51%
3. Security National Financial Corporation (SNFCA): 40%
4. Aflac Incorporated (AFL): 29%
5. CNO Financial Group, Inc. (CNO): 25%

### 20-quarter Net profit history
- MFC: Sep 2021 ₹1.3K Cr | Dec 2021 ₹2.1K Cr | Mar 2022 ₹-1.2K Cr | Jun 2022 ₹-2.1K Cr | Sep 2022 ₹424 Cr | Dec 2022 ₹923 Cr | Mar 2023 ₹1.4K Cr | Jun 2023 ₹1.2K Cr | Sep 2023 ₹1.2K Cr | Dec 2023 ₹1.8K Cr | Mar 2024 ₹972 Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹2.1K Cr | Dec 2024 ₹1.7K Cr | Mar 2025 ₹623 Cr | Jun 2025 ₹1.9K Cr | Sep 2025 ₹1.9K Cr | Dec 2025 ₹1.6K Cr | Mar 2026 ₹1.2K Cr | Jun 2026 —
- AFL: Sep 2021 ₹888 Cr | Dec 2021 ₹945 Cr | Mar 2022 ₹1.0K Cr | Jun 2022 ₹1.4K Cr | Sep 2022 ₹1.8K Cr | Dec 2022 ₹196 Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹1.6K Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹268 Cr | Mar 2024 ₹1.9K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹-93 Cr | Dec 2024 ₹1.9K Cr | Mar 2025 ₹29 Cr | Jun 2025 ₹599 Cr | Sep 2025 ₹1.6K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.0K Cr | Jun 2026 —
- MET: Sep 2021 ₹1.6K Cr | Dec 2021 ₹1.2K Cr | Mar 2022 ₹1.6K Cr | Jun 2022 ₹915 Cr | Sep 2022 ₹1.2K Cr | Dec 2022 ₹1.6K Cr | Mar 2023 ₹85 Cr | Jun 2023 ₹408 Cr | Sep 2023 ₹495 Cr | Dec 2023 ₹614 Cr | Mar 2024 ₹875 Cr | Jun 2024 ₹953 Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹1.3K Cr | Mar 2025 ₹950 Cr | Jun 2025 ₹735 Cr | Sep 2025 ₹902 Cr | Dec 2025 ₹816 Cr | Mar 2026 ₹1.2K Cr | Jun 2026 —
- PRU: Sep 2021 ₹1.5K Cr | Dec 2021 ₹1.2K Cr | Mar 2022 ₹-514 Cr | Jun 2022 ₹-949 Cr | Sep 2022 ₹-115 Cr | Dec 2022 ₹-35 Cr | Mar 2023 ₹1.5K Cr | Jun 2023 ₹498 Cr | Sep 2023 ₹-807 Cr | Dec 2023 ₹1.3K Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹413 Cr | Dec 2024 ₹37 Cr | Mar 2025 ₹713 Cr | Jun 2025 ₹545 Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹945 Cr | Mar 2026 ₹604 Cr | Jun 2026 —
- PUK: Sep 2021 — | Dec 2021 ₹1.2K Cr | Mar 2022 — | Jun 2022 ₹-20 Cr | Sep 2022 — | Dec 2022 ₹1.0K Cr | Mar 2023 — | Jun 2023 ₹2.2K Cr | Sep 2023 — | Dec 2023 ₹1.8K Cr | Mar 2024 — | Jun 2024 ₹688 Cr | Sep 2024 — | Dec 2024 ₹5.0K Cr | Mar 2025 — | Jun 2025 ₹3.1K Cr | Sep 2025 — | Dec 2025 ₹6.2K Cr | Mar 2026 — | Jun 2026 —
- UNM: Sep 2021 ₹329 Cr | Dec 2021 ₹160 Cr | Mar 2022 ₹240 Cr | Jun 2022 ₹367 Cr | Sep 2022 ₹510 Cr | Dec 2022 ₹289 Cr | Mar 2023 ₹358 Cr | Jun 2023 ₹393 Cr | Sep 2023 ₹202 Cr | Dec 2023 ₹331 Cr | Mar 2024 ₹395 Cr | Jun 2024 ₹390 Cr | Sep 2024 ₹646 Cr | Dec 2024 ₹349 Cr | Mar 2025 ₹189 Cr | Jun 2025 ₹336 Cr | Sep 2025 ₹40 Cr | Dec 2025 ₹174 Cr | Mar 2026 ₹232 Cr | Jun 2026 —
- GL: Sep 2021 ₹189 Cr | Dec 2021 ₹177 Cr | Mar 2022 ₹237 Cr | Jun 2022 ₹224 Cr | Sep 2022 ₹191 Cr | Dec 2022 ₹242 Cr | Mar 2023 ₹224 Cr | Jun 2023 ₹215 Cr | Sep 2023 ₹257 Cr | Dec 2023 ₹275 Cr | Mar 2024 ₹254 Cr | Jun 2024 ₹258 Cr | Sep 2024 ₹303 Cr | Dec 2024 ₹255 Cr | Mar 2025 ₹255 Cr | Jun 2025 ₹253 Cr | Sep 2025 ₹388 Cr | Dec 2025 ₹266 Cr | Mar 2026 ₹271 Cr | Jun 2026 —
- PRI: Sep 2021 ₹111 Cr | Dec 2021 ₹35 Cr | Mar 2022 ₹112 Cr | Jun 2022 ₹126 Cr | Sep 2022 ₹80 Cr | Dec 2022 ₹147 Cr | Mar 2023 ₹128 Cr | Jun 2023 ₹145 Cr | Sep 2023 ₹152 Cr | Dec 2023 ₹152 Cr | Mar 2024 ₹138 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹164 Cr | Dec 2024 ₹167 Cr | Mar 2025 ₹169 Cr | Jun 2025 ₹178 Cr | Sep 2025 ₹207 Cr | Dec 2025 ₹197 Cr | Mar 2026 ₹190 Cr | Jun 2026 —
- JXN: Sep 2021 ₹268 Cr | Dec 2021 ₹661 Cr | Mar 2022 ₹2.2K Cr | Jun 2022 ₹3.3K Cr | Sep 2022 ₹1.9K Cr | Dec 2022 ₹-1.2K Cr | Mar 2023 ₹-1.5K Cr | Jun 2023 ₹1.2K Cr | Sep 2023 ₹2.8K Cr | Dec 2023 ₹-1.6K Cr | Mar 2024 ₹802 Cr | Jun 2024 ₹282 Cr | Sep 2024 ₹-466 Cr | Dec 2024 ₹358 Cr | Mar 2025 ₹-18 Cr | Jun 2025 ₹185 Cr | Sep 2025 ₹91 Cr | Dec 2025 ₹-186 Cr | Mar 2026 ₹-420 Cr | Jun 2026 —
- LNC: Sep 2021 ₹318 Cr | Dec 2021 ₹220 Cr | Mar 2022 ₹1.5K Cr | Jun 2022 ₹840 Cr | Sep 2022 ₹-1.8K Cr | Dec 2022 ₹812 Cr | Mar 2023 ₹-881 Cr | Jun 2023 ₹511 Cr | Sep 2023 ₹853 Cr | Dec 2023 ₹-1.2K Cr | Mar 2024 ₹1.2K Cr | Jun 2024 ₹895 Cr | Sep 2024 ₹-528 Cr | Dec 2024 ₹1.7K Cr | Mar 2025 ₹-722 Cr | Jun 2025 ₹699 Cr | Sep 2025 ₹445 Cr | Dec 2025 ₹754 Cr | Mar 2026 ₹-172 Cr | Jun 2026 —
- CNO: Sep 2021 ₹100 Cr | Dec 2021 ₹88 Cr | Mar 2022 ₹112 Cr | Jun 2022 ₹136 Cr | Sep 2022 ₹492 Cr | Dec 2022 ₹540 Cr | Mar 2023 ₹640 Cr | Jun 2023 ₹621 Cr | Sep 2023 ₹499 Cr | Dec 2023 ₹750 Cr | Mar 2024 ₹698 Cr | Jun 2024 ₹619 Cr | Sep 2024 ₹713 Cr | Dec 2024 ₹642 Cr | Mar 2025 ₹598 Cr | Jun 2025 ₹703 Cr | Sep 2025 ₹909 Cr | Dec 2025 ₹975 Cr | Mar 2026 ₹623 Cr | Jun 2026 —
- FG: Sep 2021 — | Dec 2021 — | Mar 2022 ₹239 Cr | Jun 2022 ₹385 Cr | Sep 2022 ₹187 Cr | Dec 2022 ₹-330 Cr | Mar 2023 ₹-195 Cr | Jun 2023 ₹130 Cr | Sep 2023 ₹306 Cr | Dec 2023 ₹-299 Cr | Mar 2024 ₹116 Cr | Jun 2024 ₹204 Cr | Sep 2024 ₹-5 Cr | Dec 2024 ₹327 Cr | Mar 2025 ₹-21 Cr | Jun 2025 ₹42 Cr | Sep 2025 ₹120 Cr | Dec 2025 ₹130 Cr | Mar 2026 ₹249 Cr | Jun 2026 —
- GNW: Sep 2021 ₹318 Cr | Dec 2021 ₹192 Cr | Mar 2022 ₹221 Cr | Jun 2022 ₹197 Cr | Sep 2022 ₹171 Cr | Dec 2022 ₹408 Cr | Mar 2023 ₹154 Cr | Jun 2023 ₹168 Cr | Sep 2023 ₹60 Cr | Dec 2023 ₹-183 Cr | Mar 2024 ₹169 Cr | Jun 2024 ₹110 Cr | Sep 2024 ₹118 Cr | Dec 2024 ₹30 Cr | Mar 2025 ₹85 Cr | Jun 2025 ₹83 Cr | Sep 2025 ₹147 Cr | Dec 2025 ₹35 Cr | Mar 2026 ₹79 Cr | Jun 2026 —
- BHF: Sep 2021 ₹385 Cr | Dec 2021 ₹64 Cr | Mar 2022 ₹1.6K Cr | Jun 2022 ₹1.7K Cr | Sep 2022 ₹415 Cr | Dec 2022 ₹137 Cr | Mar 2023 ₹-497 Cr | Jun 2023 ₹-175 Cr | Sep 2023 ₹481 Cr | Dec 2023 ₹-916 Cr | Mar 2024 ₹-491 Cr | Jun 2024 ₹34 Cr | Sep 2024 ₹178 Cr | Dec 2024 ₹672 Cr | Mar 2025 ₹-266 Cr | Jun 2025 ₹85 Cr | Sep 2025 ₹481 Cr | Dec 2025 ₹138 Cr | Mar 2026 ₹-764 Cr | Jun 2026 —
- ABX: Sep 2021 ₹11 Cr | Dec 2021 ₹1 Cr | Mar 2022 ₹9 Cr | Jun 2022 ₹5 Cr | Sep 2022 ₹10 Cr | Dec 2022 ₹10 Cr | Mar 2023 ₹8 Cr | Jun 2023 ₹7 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹-6 Cr | Mar 2024 ₹-1 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹-5 Cr | Dec 2024 ₹-19 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹18 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹7 Cr | Jun 2026 —
- CIA: Sep 2021 ₹-3 Cr | Dec 2021 ₹38 Cr | Mar 2022 ₹6 Cr | Jun 2022 ₹2 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹14 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹5 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹3 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹-2 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹2 Cr | Jun 2026 —
- SNFCA: Sep 2021 ₹17 Cr | Dec 2021 ₹4 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹-4 Cr | Dec 2022 ₹25 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹7 Cr | Sep 2024 ₹12 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹7 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹13 Cr | Mar 2026 ₹7 Cr | Jun 2026 —

### 20-quarter Profit growth history
- MFC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -178% | Sep 2022 -68% | Dec 2022 -55% | Mar 2023 — | Jun 2023 — | Sep 2023 189% | Dec 2023 95% | Mar 2024 -31% | Jun 2024 -3.3% | Sep 2024 69% | Dec 2024 -5.2% | Mar 2025 -36% | Jun 2025 70% | Sep 2025 -7.2% | Dec 2025 -6.6% | Mar 2026 98% | Jun 2026 —
- AFL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 26% | Sep 2022 101% | Dec 2022 -79% | Mar 2023 13% | Jun 2023 17% | Sep 2023 -12% | Dec 2023 37% | Mar 2024 58% | Jun 2024 7.4% | Sep 2024 -106% | Dec 2024 610% | Mar 2025 -98% | Jun 2025 -66% | Sep 2025 — | Dec 2025 -28% | Mar 2026 3,414% | Jun 2026 —
- MET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -73% | Sep 2022 -27% | Dec 2022 31% | Mar 2023 -95% | Jun 2023 -55% | Sep 2023 -58% | Dec 2023 -61% | Mar 2024 929% | Jun 2024 134% | Sep 2024 171% | Dec 2024 108% | Mar 2025 8.6% | Jun 2025 -23% | Sep 2025 -33% | Dec 2025 -36% | Mar 2026 22% | Jun 2026 —
- PRU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -144% | Sep 2022 -107% | Dec 2022 -103% | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -25% | Jun 2024 131% | Sep 2024 — | Dec 2024 -97% | Mar 2025 -35% | Jun 2025 -53% | Sep 2025 239% | Dec 2025 2,454% | Mar 2026 -15% | Jun 2026 —
- PUK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -102% | Sep 2022 — | Dec 2022 -16% | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 71% | Mar 2024 — | Jun 2024 -69% | Sep 2024 — | Dec 2024 177% | Mar 2025 — | Jun 2025 346% | Sep 2025 — | Dec 2025 24% | Mar 2026 — | Jun 2026 —
- UNM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 101% | Sep 2022 55% | Dec 2022 81% | Mar 2023 49% | Jun 2023 7.1% | Sep 2023 -60% | Dec 2023 15% | Mar 2024 10% | Jun 2024 -0.8% | Sep 2024 220% | Dec 2024 5.4% | Mar 2025 -52% | Jun 2025 -14% | Sep 2025 -94% | Dec 2025 -50% | Mar 2026 23% | Jun 2026 —
- GL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 12% | Sep 2022 1.1% | Dec 2022 37% | Mar 2023 -5.5% | Jun 2023 -4.0% | Sep 2023 35% | Dec 2023 14% | Mar 2024 13% | Jun 2024 20% | Sep 2024 18% | Dec 2024 -7.3% | Mar 2025 0.4% | Jun 2025 -1.9% | Sep 2025 28% | Dec 2025 4.3% | Mar 2026 6.3% | Jun 2026 —
- PRI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -1.6% | Sep 2022 -28% | Dec 2022 320% | Mar 2023 14% | Jun 2023 15% | Sep 2023 90% | Dec 2023 3.4% | Mar 2024 7.8% | Jun 2024 -99% | Sep 2024 7.9% | Dec 2024 9.9% | Mar 2025 22% | Jun 2025 17,700% | Sep 2025 26% | Dec 2025 18% | Mar 2026 12% | Jun 2026 —
- JXN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 597% | Dec 2022 -275% | Mar 2023 -167% | Jun 2023 -63% | Sep 2023 49% | Dec 2023 — | Mar 2024 — | Jun 2024 -77% | Sep 2024 -117% | Dec 2024 — | Mar 2025 -102% | Jun 2025 -34% | Sep 2025 — | Dec 2025 -152% | Mar 2026 — | Jun 2026 —
- LNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 31% | Sep 2022 -658% | Dec 2022 269% | Mar 2023 -159% | Jun 2023 -39% | Sep 2023 — | Dec 2023 -252% | Mar 2024 — | Jun 2024 75% | Sep 2024 -162% | Dec 2024 — | Mar 2025 -159% | Jun 2025 -22% | Sep 2025 — | Dec 2025 -55% | Mar 2026 — | Jun 2026 —
- CNO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 74% | Sep 2022 392% | Dec 2022 514% | Mar 2023 471% | Jun 2023 357% | Sep 2023 1.4% | Dec 2023 39% | Mar 2024 9.1% | Jun 2024 -0.3% | Sep 2024 43% | Dec 2024 -14% | Mar 2025 -14% | Jun 2025 14% | Sep 2025 27% | Dec 2025 52% | Mar 2026 4.2% | Jun 2026 —
- FG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -182% | Jun 2023 -66% | Sep 2023 64% | Dec 2023 — | Mar 2024 — | Jun 2024 57% | Sep 2024 -102% | Dec 2024 — | Mar 2025 -118% | Jun 2025 -79% | Sep 2025 — | Dec 2025 -60% | Mar 2026 — | Jun 2026 —
- GNW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -18% | Sep 2022 -46% | Dec 2022 113% | Mar 2023 -30% | Jun 2023 -15% | Sep 2023 -65% | Dec 2023 -145% | Mar 2024 9.7% | Jun 2024 -35% | Sep 2024 97% | Dec 2024 — | Mar 2025 -50% | Jun 2025 -25% | Sep 2025 25% | Dec 2025 17% | Mar 2026 -7.1% | Jun 2026 —
- BHF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 5,529% | Sep 2022 7.8% | Dec 2022 114% | Mar 2023 -131% | Jun 2023 -110% | Sep 2023 16% | Dec 2023 -769% | Mar 2024 — | Jun 2024 — | Sep 2024 -63% | Dec 2024 — | Mar 2025 — | Jun 2025 150% | Sep 2025 170% | Dec 2025 -79% | Mar 2026 — | Jun 2026 —
- ABX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -9.1% | Dec 2022 900% | Mar 2023 -11% | Jun 2023 40% | Sep 2023 -90% | Dec 2023 -160% | Mar 2024 -113% | Jun 2024 -86% | Sep 2024 -600% | Dec 2024 — | Mar 2025 — | Jun 2025 1,700% | Sep 2025 — | Dec 2025 — | Mar 2026 40% | Jun 2026 —
- CIA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -60% | Sep 2022 — | Dec 2022 -63% | Mar 2023 -17% | Jun 2023 200% | Sep 2023 0.0% | Dec 2023 -21% | Mar 2024 0.0% | Jun 2024 -33% | Sep 2024 0.0% | Dec 2024 -64% | Mar 2025 -140% | Jun 2025 50% | Sep 2025 -33% | Dec 2025 75% | Mar 2026 — | Jun 2026 —
- SNFCA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -64% | Sep 2022 -124% | Dec 2022 525% | Mar 2023 -67% | Jun 2023 50% | Sep 2023 — | Dec 2023 -88% | Mar 2024 600% | Jun 2024 17% | Sep 2024 200% | Dec 2024 -100% | Mar 2025 -14% | Jun 2025 0.0% | Sep 2025 -33% | Dec 2025 — | Mar 2026 17% | Jun 2026 —

## Funding Base & Its Composition

What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/17 companies · 0 observations

Definition: For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.

### Deposits — largest deposit bases

### Borrowings — largest borrowings
1. Jackson Financial Inc. (JXN): ₹5.1K Cr
2. Abacus Global Management, Inc. (ABX): ₹341 Cr
3. Primerica, Inc. (PRI): ₹48 Cr
4. F&G Annuities & Life, Inc. (FG): ₹0 Cr

### 20-quarter Deposits history

### 20-quarter Borrowings history
- PRI: Sep 2021 ₹55 Cr | Dec 2021 ₹54 Cr | Mar 2022 ₹52 Cr | Jun 2022 ₹50 Cr | Sep 2022 ₹48 Cr | Dec 2022 ₹46 Cr | Mar 2023 ₹44 Cr | Jun 2023 ₹62 Cr | Sep 2023 ₹62 Cr | Dec 2023 ₹59 Cr | Mar 2024 ₹60 Cr | Jun 2024 ₹59 Cr | Sep 2024 ₹57 Cr | Dec 2024 ₹55 Cr | Mar 2025 ₹53 Cr | Jun 2025 ₹52 Cr | Sep 2025 ₹51 Cr | Dec 2025 ₹50 Cr | Mar 2026 ₹48 Cr | Jun 2026 —
- JXN: Sep 2021 ₹2.7K Cr | Dec 2021 ₹5.6K Cr | Mar 2022 ₹3.2K Cr | Jun 2022 ₹2.7K Cr | Sep 2022 ₹4.4K Cr | Dec 2022 ₹5.4K Cr | Mar 2023 ₹5.8K Cr | Jun 2023 ₹6.3K Cr | Sep 2023 ₹4.7K Cr | Dec 2023 ₹4.0K Cr | Mar 2024 ₹5.9K Cr | Jun 2024 ₹5.9K Cr | Sep 2024 ₹5.2K Cr | Dec 2024 ₹5.9K Cr | Mar 2025 ₹5.4K Cr | Jun 2025 ₹5.8K Cr | Sep 2025 ₹5.7K Cr | Dec 2025 ₹5.6K Cr | Mar 2026 ₹5.1K Cr | Jun 2026 —
- FG: Sep 2021 ₹14 Cr | Dec 2021 ₹14 Cr | Mar 2022 — | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 —
- ABX: Sep 2021 ₹2 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹2 Cr | Jun 2022 ₹2 Cr | Sep 2022 ₹5 Cr | Dec 2022 ₹28 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹66 Cr | Sep 2023 ₹119 Cr | Dec 2023 ₹142 Cr | Mar 2024 ₹188 Cr | Jun 2024 ₹199 Cr | Sep 2024 ₹183 Cr | Dec 2024 ₹386 Cr | Mar 2025 ₹361 Cr | Jun 2025 ₹362 Cr | Sep 2025 ₹414 Cr | Dec 2025 ₹411 Cr | Mar 2026 ₹341 Cr | Jun 2026 —

## Return On Assets

What the numbers say: Prudential plc leads roa at 2.9%; Globe Life Inc. leads roa change at +1.1 percentage points.

Investor read: Prudential plc sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

Evidence: Prudential plc · 2.9% | 38.1% versus #2 · Globe Life Inc. | 6/8 recent comparable periods | 16/17 companies · 302 observations

Definition: ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.

### ROA — highest
1. Prudential plc (PUK): 2.9% — older report
2. Globe Life Inc. (GL): 2.1%
3. CNO Financial Group, Inc. (CNO): 1.8%
4. Abacus Global Management, Inc. (ABX): 1.4%
5. Primerica, Inc. (PRI): 1.3%

### ROA change — fastest improvers
1. Globe Life Inc. (GL): +1.1 pp
2. Prudential plc (PUK): +1.1 pp — older report
3. Aflac Incorporated (AFL): +0.9 pp
4. Unum Group (UNM): +0.5 pp
5. F&G Annuities & Life, Inc. (FG): +0.3 pp

### 20-quarter ROA history
- MFC: Sep 2021 -0.8% | Dec 2021 -1.1% | Mar 2022 -0.1% | Jun 2022 -0.3% | Sep 2022 0.6% | Dec 2022 0.5% | Mar 2023 1.1% | Jun 2023 1.1% | Sep 2023 0.5% | Dec 2023 1.5% | Mar 2024 0.9% | Jun 2024 1.0% | Sep 2024 1.3% | Dec 2024 0.8% | Mar 2025 0.7% | Jun 2025 1.3% | Sep 2025 1.6% | Dec 2025 1.1% | Mar 2026 0.6% | Jun 2026 —
- AFL: Sep 2021 0.6% | Dec 2021 0.4% | Mar 2022 0.7% | Jun 2022 1.0% | Sep 2022 1.3% | Dec 2022 0.1% | Mar 2023 0.9% | Jun 2023 1.3% | Sep 2023 1.3% | Dec 2023 0.2% | Mar 2024 1.5% | Jun 2024 1.4% | Sep 2024 -0.1% | Dec 2024 1.6% | Mar 2025 0.0% | Jun 2025 0.5% | Sep 2025 1.3% | Dec 2025 1.2% | Mar 2026 0.9% | Jun 2026 —
- MET: Sep 2021 0.2% | Dec 2021 0.3% | Mar 2022 0.2% | Jun 2022 0.1% | Sep 2022 0.2% | Dec 2022 0.2% | Mar 2023 0.0% | Jun 2023 0.1% | Sep 2023 0.1% | Dec 2023 0.1% | Mar 2024 0.1% | Jun 2024 0.1% | Sep 2024 0.2% | Dec 2024 0.2% | Mar 2025 0.1% | Jun 2025 0.1% | Sep 2025 0.1% | Dec 2025 0.1% | Mar 2026 0.2% | Jun 2026 —
- PRU: Sep 2021 0.2% | Dec 2021 0.3% | Mar 2022 -0.1% | Jun 2022 -0.1% | Sep 2022 0.0% | Dec 2022 0.1% | Mar 2023 0.2% | Jun 2023 0.1% | Sep 2023 -0.1% | Dec 2023 1.1% | Mar 2024 0.2% | Jun 2024 0.2% | Sep 2024 0.1% | Dec 2024 -0.3% | Mar 2025 0.1% | Jun 2025 0.1% | Sep 2025 0.2% | Dec 2025 1.0% | Mar 2026 0.1% | Jun 2026 —
- PUK: Sep 2021 -0.4% | Dec 2021 -0.4% | Mar 2022 -0.4% | Jun 2022 -0.4% | Sep 2022 -12% | Dec 2022 -12% | Mar 2023 0.8% | Jun 2023 0.8% | Sep 2023 0.7% | Dec 2023 0.7% | Mar 2024 0.5% | Jun 2024 0.5% | Sep 2024 1.8% | Dec 2024 1.8% | Mar 2025 1.0% | Jun 2025 1.0% | Sep 2025 2.9% | Dec 2025 2.9% | Mar 2026 — | Jun 2026 —
- UNM: Sep 2021 0.5% | Dec 2021 2.6% | Mar 2022 0.2% | Jun 2022 0.4% | Sep 2022 0.0% | Dec 2022 0.3% | Mar 2023 0.3% | Jun 2023 0.9% | Sep 2023 0.8% | Dec 2023 0.6% | Mar 2024 0.4% | Jun 2024 1.1% | Sep 2024 0.1% | Dec 2024 0.6% | Mar 2025 0.1% | Jun 2025 0.7% | Sep 2025 1.2% | Dec 2025 0.4% | Mar 2026 0.6% | Jun 2026 —
- GL: Sep 2021 0.7% | Dec 2021 0.7% | Mar 2022 0.9% | Jun 2022 0.9% | Sep 2022 0.8% | Dec 2022 0.9% | Mar 2023 0.9% | Jun 2023 0.9% | Sep 2023 1.1% | Dec 2023 1.1% | Mar 2024 1.0% | Jun 2024 1.0% | Sep 2024 1.2% | Dec 2024 1.0% | Mar 2025 1.0% | Jun 2025 1.0% | Sep 2025 1.4% | Dec 2025 1.0% | Mar 2026 1.0% | Jun 2026 2.1%
- PRI: Sep 2021 0.8% | Dec 2021 1.0% | Mar 2022 0.8% | Jun 2022 0.8% | Sep 2022 0.8% | Dec 2022 0.8% | Mar 2023 0.9% | Jun 2023 1.0% | Sep 2023 1.1% | Dec 2023 1.1% | Mar 2024 1.0% | Jun 2024 1.5% | Sep 2024 1.4% | Dec 2024 1.2% | Mar 2025 1.2% | Jun 2025 1.2% | Sep 2025 1.4% | Dec 2025 1.4% | Mar 2026 1.3% | Jun 2026 —
- JXN: Sep 2021 0.1% | Dec 2021 0.2% | Mar 2022 0.6% | Jun 2022 1.0% | Sep 2022 0.6% | Dec 2022 -0.3% | Mar 2023 -0.4% | Jun 2023 0.4% | Sep 2023 0.9% | Dec 2023 -0.5% | Mar 2024 0.2% | Jun 2024 0.1% | Sep 2024 -0.1% | Dec 2024 0.1% | Mar 2025 0.0% | Jun 2025 0.1% | Sep 2025 0.0% | Dec 2025 -0.1% | Mar 2026 -0.1% | Jun 2026 —
- LNC: Sep 2021 0.1% | Dec 2021 0.1% | Mar 2022 0.4% | Jun 2022 0.3% | Sep 2022 -0.5% | Dec 2022 0.3% | Mar 2023 -0.2% | Jun 2023 0.2% | Sep 2023 0.3% | Dec 2023 -0.3% | Mar 2024 0.5% | Jun 2024 0.2% | Sep 2024 -0.1% | Dec 2024 0.5% | Mar 2025 -0.2% | Jun 2025 0.2% | Sep 2025 0.1% | Dec 2025 0.2% | Mar 2026 0.0% | Jun 2026 —
- CNO: Sep 2021 0.3% | Dec 2021 0.3% | Mar 2022 0.4% | Jun 2022 0.5% | Sep 2022 1.5% | Dec 2022 1.7% | Mar 2023 2.0% | Jun 2023 2.0% | Sep 2023 1.7% | Dec 2023 2.4% | Mar 2024 2.2% | Jun 2024 1.9% | Sep 2024 2.2% | Dec 2024 1.9% | Mar 2025 1.8% | Jun 2025 2.1% | Sep 2025 2.5% | Dec 2025 2.7% | Mar 2026 1.8% | Jun 2026 —
- FG: Sep 2021 0.0% | Dec 2021 0.0% | Mar 2022 — | Jun 2022 — | Sep 2022 0.4% | Dec 2022 -0.3% | Mar 2023 -0.7% | Jun 2023 0.4% | Sep 2023 0.5% | Dec 2023 -0.5% | Mar 2024 0.2% | Jun 2024 0.3% | Sep 2024 0.0% | Dec 2024 0.4% | Mar 2025 0.0% | Jun 2025 0.0% | Sep 2025 0.1% | Dec 2025 0.1% | Mar 2026 0.3% | Jun 2026 —
- GNW: Sep 2021 0.3% | Dec 2021 0.2% | Mar 2022 0.3% | Jun 2022 0.2% | Sep 2022 0.2% | Dec 2022 0.5% | Mar 2023 0.2% | Jun 2023 0.2% | Sep 2023 0.1% | Dec 2023 -0.2% | Mar 2024 0.2% | Jun 2024 0.2% | Sep 2024 0.2% | Dec 2024 0.1% | Mar 2025 0.1% | Jun 2025 0.1% | Sep 2025 0.2% | Dec 2025 0.0% | Mar 2026 0.1% | Jun 2026 —
- BHF: Sep 2021 0.2% | Dec 2021 0.0% | Mar 2022 0.7% | Jun 2022 0.7% | Sep 2022 0.2% | Dec 2022 0.1% | Mar 2023 -0.2% | Jun 2023 -0.1% | Sep 2023 0.2% | Dec 2023 -0.4% | Mar 2024 -0.2% | Jun 2024 0.0% | Sep 2024 0.1% | Dec 2024 0.3% | Mar 2025 -0.1% | Jun 2025 0.0% | Sep 2025 0.2% | Dec 2025 0.1% | Mar 2026 -0.3% | Jun 2026 —
- ABX: Sep 2021 0.0% | Dec 2021 0.0% | Mar 2022 0.0% | Jun 2022 1.6% | Sep 2022 4.6% | Dec 2022 5.1% | Mar 2023 4.4% | Jun 2023 2.3% | Sep 2023 1.2% | Dec 2023 0.9% | Mar 2024 14% | Jun 2024 0.5% | Sep 2024 1.7% | Dec 2024 -3.3% | Mar 2025 2.4% | Jun 2025 2.7% | Sep 2025 1.9% | Dec 2025 1.6% | Mar 2026 1.4% | Jun 2026 —
- SNFCA: Sep 2021 1.2% | Dec 2021 0.4% | Mar 2022 0.3% | Jun 2022 0.3% | Sep 2022 -0.1% | Dec 2022 1.8% | Mar 2023 0.2% | Jun 2023 0.5% | Sep 2023 0.3% | Dec 2023 0.3% | Mar 2024 0.6% | Jun 2024 0.6% | Sep 2024 0.9% | Dec 2024 0.6% | Mar 2025 0.5% | Jun 2025 0.5% | Sep 2025 0.6% | Dec 2025 2.2% | Mar 2026 0.5% | Jun 2026 —

### 20-quarter ROA change history
- MFC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.4 pp | Dec 2022 +1.6 pp | Mar 2023 +1.2 pp | Jun 2023 +1.4 pp | Sep 2023 −0.1 pp | Dec 2023 +1.0 pp | Mar 2024 −0.2 pp | Jun 2024 −0.1 pp | Sep 2024 +0.8 pp | Dec 2024 −0.7 pp | Mar 2025 −0.2 pp | Jun 2025 +0.3 pp | Sep 2025 +0.3 pp | Dec 2025 +0.3 pp | Mar 2026 −0.1 pp | Jun 2026 —
- AFL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.7 pp | Dec 2022 −0.3 pp | Mar 2023 +0.2 pp | Jun 2023 +0.3 pp | Sep 2023 0.0 pp | Dec 2023 +0.1 pp | Mar 2024 +0.6 pp | Jun 2024 +0.1 pp | Sep 2024 −1.4 pp | Dec 2024 +1.4 pp | Mar 2025 −1.5 pp | Jun 2025 −0.9 pp | Sep 2025 +1.4 pp | Dec 2025 −0.4 pp | Mar 2026 +0.9 pp | Jun 2026 —
- MET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 −0.1 pp | Mar 2023 −0.2 pp | Jun 2023 0.0 pp | Sep 2023 −0.1 pp | Dec 2023 −0.1 pp | Mar 2024 +0.1 pp | Jun 2024 0.0 pp | Sep 2024 +0.1 pp | Dec 2024 +0.1 pp | Mar 2025 0.0 pp | Jun 2025 0.0 pp | Sep 2025 −0.1 pp | Dec 2025 −0.1 pp | Mar 2026 +0.1 pp | Jun 2026 —
- PRU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.2 pp | Dec 2022 −0.2 pp | Mar 2023 +0.3 pp | Jun 2023 +0.2 pp | Sep 2023 −0.1 pp | Dec 2023 +1.0 pp | Mar 2024 0.0 pp | Jun 2024 +0.1 pp | Sep 2024 +0.2 pp | Dec 2024 −1.4 pp | Mar 2025 −0.1 pp | Jun 2025 −0.1 pp | Sep 2025 +0.1 pp | Dec 2025 +1.3 pp | Mar 2026 0.0 pp | Jun 2026 —
- PUK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −11.5 pp | Dec 2022 −11.5 pp | Mar 2023 +1.2 pp | Jun 2023 +1.2 pp | Sep 2023 +12.6 pp | Dec 2023 +12.6 pp | Mar 2024 −0.3 pp | Jun 2024 −0.3 pp | Sep 2024 +1.1 pp | Dec 2024 +1.1 pp | Mar 2025 +0.5 pp | Jun 2025 +0.5 pp | Sep 2025 +1.1 pp | Dec 2025 +1.1 pp | Mar 2026 — | Jun 2026 —
- UNM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 −2.3 pp | Mar 2023 +0.1 pp | Jun 2023 +0.5 pp | Sep 2023 +0.8 pp | Dec 2023 +0.3 pp | Mar 2024 +0.1 pp | Jun 2024 +0.2 pp | Sep 2024 −0.7 pp | Dec 2024 0.0 pp | Mar 2025 −0.3 pp | Jun 2025 −0.4 pp | Sep 2025 +1.1 pp | Dec 2025 −0.2 pp | Mar 2026 +0.5 pp | Jun 2026 —
- GL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 +0.2 pp | Mar 2023 0.0 pp | Jun 2023 0.0 pp | Sep 2023 +0.3 pp | Dec 2023 +0.2 pp | Mar 2024 +0.1 pp | Jun 2024 +0.1 pp | Sep 2024 +0.1 pp | Dec 2024 −0.1 pp | Mar 2025 0.0 pp | Jun 2025 0.0 pp | Sep 2025 +0.2 pp | Dec 2025 0.0 pp | Mar 2026 0.0 pp | Jun 2026 +1.1 pp
- PRI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 −0.2 pp | Mar 2023 +0.1 pp | Jun 2023 +0.2 pp | Sep 2023 +0.3 pp | Dec 2023 +0.3 pp | Mar 2024 +0.1 pp | Jun 2024 +0.5 pp | Sep 2024 +0.3 pp | Dec 2024 +0.1 pp | Mar 2025 +0.2 pp | Jun 2025 −0.3 pp | Sep 2025 0.0 pp | Dec 2025 +0.2 pp | Mar 2026 +0.1 pp | Jun 2026 —
- JXN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.5 pp | Dec 2022 −0.5 pp | Mar 2023 −1.0 pp | Jun 2023 −0.6 pp | Sep 2023 +0.3 pp | Dec 2023 −0.2 pp | Mar 2024 +0.6 pp | Jun 2024 −0.3 pp | Sep 2024 −1.0 pp | Dec 2024 +0.6 pp | Mar 2025 −0.2 pp | Jun 2025 0.0 pp | Sep 2025 +0.1 pp | Dec 2025 −0.2 pp | Mar 2026 −0.1 pp | Jun 2026 —
- LNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.6 pp | Dec 2022 +0.2 pp | Mar 2023 −0.6 pp | Jun 2023 −0.1 pp | Sep 2023 +0.8 pp | Dec 2023 −0.6 pp | Mar 2024 +0.7 pp | Jun 2024 0.0 pp | Sep 2024 −0.4 pp | Dec 2024 +0.8 pp | Mar 2025 −0.7 pp | Jun 2025 0.0 pp | Sep 2025 +0.2 pp | Dec 2025 −0.3 pp | Mar 2026 +0.2 pp | Jun 2026 —
- CNO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.2 pp | Dec 2022 +1.4 pp | Mar 2023 +1.6 pp | Jun 2023 +1.5 pp | Sep 2023 +0.2 pp | Dec 2023 +0.7 pp | Mar 2024 +0.2 pp | Jun 2024 −0.1 pp | Sep 2024 +0.5 pp | Dec 2024 −0.5 pp | Mar 2025 −0.4 pp | Jun 2025 +0.2 pp | Sep 2025 +0.3 pp | Dec 2025 +0.8 pp | Mar 2026 0.0 pp | Jun 2026 —
- FG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.4 pp | Dec 2022 −0.3 pp | Mar 2023 — | Jun 2023 — | Sep 2023 +0.1 pp | Dec 2023 −0.2 pp | Mar 2024 +0.9 pp | Jun 2024 −0.1 pp | Sep 2024 −0.5 pp | Dec 2024 +0.9 pp | Mar 2025 −0.2 pp | Jun 2025 −0.3 pp | Sep 2025 +0.1 pp | Dec 2025 −0.3 pp | Mar 2026 +0.3 pp | Jun 2026 —
- GNW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 +0.3 pp | Mar 2023 −0.1 pp | Jun 2023 0.0 pp | Sep 2023 −0.1 pp | Dec 2023 −0.7 pp | Mar 2024 0.0 pp | Jun 2024 0.0 pp | Sep 2024 +0.1 pp | Dec 2024 +0.3 pp | Mar 2025 −0.1 pp | Jun 2025 −0.1 pp | Sep 2025 0.0 pp | Dec 2025 −0.1 pp | Mar 2026 0.0 pp | Jun 2026 —
- BHF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 +0.1 pp | Mar 2023 −0.9 pp | Jun 2023 −0.8 pp | Sep 2023 0.0 pp | Dec 2023 −0.5 pp | Mar 2024 0.0 pp | Jun 2024 +0.1 pp | Sep 2024 −0.1 pp | Dec 2024 +0.7 pp | Mar 2025 +0.1 pp | Jun 2025 0.0 pp | Sep 2025 +0.1 pp | Dec 2025 −0.2 pp | Mar 2026 −0.2 pp | Jun 2026 —
- ABX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +4.6 pp | Dec 2022 +5.1 pp | Mar 2023 +4.4 pp | Jun 2023 +0.7 pp | Sep 2023 −3.4 pp | Dec 2023 −4.2 pp | Mar 2024 +9.5 pp | Jun 2024 −1.8 pp | Sep 2024 +0.5 pp | Dec 2024 −4.2 pp | Mar 2025 −11.5 pp | Jun 2025 +2.2 pp | Sep 2025 +0.2 pp | Dec 2025 +4.9 pp | Mar 2026 −1.0 pp | Jun 2026 —
- SNFCA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.3 pp | Dec 2022 +1.4 pp | Mar 2023 −0.1 pp | Jun 2023 +0.2 pp | Sep 2023 +0.4 pp | Dec 2023 −1.5 pp | Mar 2024 +0.4 pp | Jun 2024 +0.1 pp | Sep 2024 +0.6 pp | Dec 2024 +0.3 pp | Mar 2025 −0.1 pp | Jun 2025 −0.1 pp | Sep 2025 −0.3 pp | Dec 2025 +1.6 pp | Mar 2026 0.0 pp | Jun 2026 —

## ROE — Leaders & Improvers

What the numbers say: CNO Financial Group, Inc. leads roe at 24.8%; Lincoln National Corporation leads roe change at +7.3 percentage points.

Investor read: CNO Financial Group, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

Evidence: CNO Financial Group, Inc. · 24.8% | 61% versus #2 · Prudential plc | 4/8 recent comparable periods | 17/17 companies · 321 observations

Definition: ROE shows the return to shareholders, but should be read with asset quality and leverage.

### ROE — highest
1. CNO Financial Group, Inc. (CNO): 25%
2. Prudential plc (PUK): 15% — older report
3. Globe Life Inc. (GL): 11%
4. Primerica, Inc. (PRI): 8.0%
5. F&G Annuities & Life, Inc. (FG): 5.4%

### ROE change — fastest improvers
1. Lincoln National Corporation (LNC): +7.3 pp
2. F&G Annuities & Life, Inc. (FG): +5.9 pp
3. Globe Life Inc. (GL): +5.9 pp
4. Aflac Incorporated (AFL): +3.5 pp
5. Prudential plc (PUK): +1.9 pp — older report

### 20-quarter ROE history
- MFC: Sep 2021 2.4% | Dec 2021 3.7% | Mar 2022 -2.2% | Jun 2022 -3.8% | Sep 2022 0.8% | Dec 2022 1.7% | Mar 2023 2.7% | Jun 2023 2.3% | Sep 2023 2.3% | Dec 2023 3.7% | Mar 2024 2.0% | Jun 2024 2.3% | Sep 2024 4.1% | Dec 2024 3.4% | Mar 2025 1.2% | Jun 2025 3.8% | Sep 2025 3.7% | Dec 2025 3.0% | Mar 2026 2.3% | Jun 2026 —
- AFL: Sep 2021 2.7% | Dec 2021 2.8% | Mar 2022 3.4% | Jun 2022 4.6% | Sep 2022 6.2% | Dec 2022 0.7% | Mar 2023 4.8% | Jun 2023 7.0% | Sep 2023 6.7% | Dec 2023 1.3% | Mar 2024 8.7% | Jun 2024 7.6% | Sep 2024 -0.4% | Dec 2024 7.9% | Mar 2025 0.1% | Jun 2025 2.2% | Sep 2025 6.1% | Dec 2025 5.0% | Mar 2026 3.6% | Jun 2026 —
- MET: Sep 2021 2.2% | Dec 2021 1.7% | Mar 2022 2.7% | Jun 2022 1.7% | Sep 2022 2.5% | Dec 2022 3.2% | Mar 2023 0.2% | Jun 2023 1.2% | Sep 2023 1.9% | Dec 2023 2.0% | Mar 2024 2.9% | Jun 2024 3.3% | Sep 2024 4.7% | Dec 2024 4.4% | Mar 2025 3.4% | Jun 2025 2.7% | Sep 2025 3.0% | Dec 2025 2.9% | Mar 2026 4.2% | Jun 2026 —
- PRU: Sep 2021 2.4% | Dec 2021 1.9% | Mar 2022 -1.0% | Jun 2022 -2.0% | Sep 2022 -0.3% | Dec 2022 -0.1% | Mar 2023 3.8% | Jun 2023 1.7% | Sep 2023 -3.7% | Dec 2023 4.2% | Mar 2024 3.6% | Jun 2024 3.9% | Sep 2024 1.4% | Dec 2024 0.1% | Mar 2025 2.3% | Jun 2025 1.7% | Sep 2025 4.2% | Dec 2025 2.9% | Mar 2026 1.8% | Jun 2026 —
- PUK: Sep 2021 3.2% | Dec 2021 3.2% | Mar 2022 -0.1% | Jun 2022 -0.1% | Sep 2022 3.1% | Dec 2022 3.1% | Mar 2023 6.5% | Jun 2023 6.5% | Sep 2023 5.1% | Dec 2023 5.1% | Mar 2024 2.0% | Jun 2024 2.0% | Sep 2024 14% | Dec 2024 14% | Mar 2025 8.4% | Jun 2025 8.4% | Sep 2025 15% | Dec 2025 15% | Mar 2026 — | Jun 2026 —
- UNM: Sep 2021 3.0% | Dec 2021 1.4% | Mar 2022 2.3% | Jun 2022 3.6% | Sep 2022 5.2% | Dec 2022 2.9% | Mar 2023 3.6% | Jun 2023 8.1% | Sep 2023 2.2% | Dec 2023 3.6% | Mar 2024 4.1% | Jun 2024 7.4% | Sep 2024 6.3% | Dec 2024 3.4% | Mar 2025 1.8% | Jun 2025 3.1% | Sep 2025 0.4% | Dec 2025 1.6% | Mar 2026 2.1% | Jun 2026 —
- GL: Sep 2021 2.2% | Dec 2021 2.0% | Mar 2022 3.2% | Jun 2022 3.2% | Sep 2022 2.9% | Dec 2022 3.8% | Mar 2023 4.2% | Jun 2023 4.6% | Sep 2023 5.7% | Dec 2023 6.5% | Mar 2024 5.7% | Jun 2024 5.6% | Sep 2024 6.5% | Dec 2024 5.2% | Mar 2025 4.9% | Jun 2025 4.7% | Sep 2025 7.5% | Dec 2025 4.7% | Mar 2026 4.7% | Jun 2026 11%
- PRI: Sep 2021 5.8% | Dec 2021 1.8% | Mar 2022 5.9% | Jun 2022 6.6% | Sep 2022 4.3% | Dec 2022 7.1% | Mar 2023 6.7% | Jun 2023 7.6% | Sep 2023 7.7% | Dec 2023 7.4% | Mar 2024 6.7% | Jun 2024 0.1% | Sep 2024 7.7% | Dec 2024 7.7% | Mar 2025 7.6% | Jun 2025 8.1% | Sep 2025 9.7% | Dec 2025 8.4% | Mar 2026 8.0% | Jun 2026 —
- JXN: Sep 2021 2.6% | Dec 2021 6.3% | Mar 2022 21% | Jun 2022 31% | Sep 2022 18% | Dec 2022 -11% | Mar 2023 -15% | Jun 2023 12% | Sep 2023 28% | Dec 2023 -16% | Mar 2024 8.1% | Jun 2024 2.9% | Sep 2024 -4.4% | Dec 2024 3.5% | Mar 2025 -0.2% | Jun 2025 1.8% | Sep 2025 0.9% | Dec 2025 -1.8% | Mar 2026 -4.1% | Jun 2026 —
- LNC: Sep 2021 1.5% | Dec 2021 1.0% | Mar 2022 8.6% | Jun 2022 5.4% | Sep 2022 -15% | Dec 2022 6.3% | Mar 2023 -8.2% | Jun 2023 6.8% | Sep 2023 32% | Dec 2023 -21% | Mar 2024 17% | Jun 2024 13% | Sep 2024 -8.6% | Dec 2024 22% | Mar 2025 -9.2% | Jun 2025 8.0% | Sep 2025 4.6% | Dec 2025 7.9% | Mar 2026 -1.9% | Jun 2026 —
- CNO: Sep 2021 1.9% | Dec 2021 1.6% | Mar 2022 2.6% | Jun 2022 3.6% | Sep 2022 15% | Dec 2022 15% | Mar 2023 22% | Jun 2023 30% | Sep 2023 31% | Dec 2023 38% | Mar 2024 32% | Jun 2024 28% | Sep 2024 31% | Dec 2024 27% | Mar 2025 24% | Jun 2025 28% | Sep 2025 34% | Dec 2025 38% | Mar 2026 25% | Jun 2026 —
- FG: Sep 2021 0.0% | Dec 2021 0.0% | Mar 2022 — | Jun 2022 — | Sep 2022 5.4% | Dec 2022 -9.6% | Mar 2023 -16% | Jun 2023 10% | Sep 2023 13% | Dec 2023 -11% | Mar 2024 3.8% | Jun 2024 6.5% | Sep 2024 -0.1% | Dec 2024 9.1% | Mar 2025 -0.5% | Jun 2025 1.0% | Sep 2025 2.5% | Dec 2025 2.9% | Mar 2026 5.4% | Jun 2026 —
- GNW: Sep 2021 2.0% | Dec 2021 1.2% | Mar 2022 1.5% | Jun 2022 1.4% | Sep 2022 1.3% | Dec 2022 3.3% | Mar 2023 1.3% | Jun 2023 1.6% | Sep 2023 0.6% | Dec 2023 -2.2% | Mar 2024 2.0% | Jun 2024 1.2% | Sep 2024 1.3% | Dec 2024 0.3% | Mar 2025 0.9% | Jun 2025 0.9% | Sep 2025 1.5% | Dec 2025 0.4% | Mar 2026 0.8% | Jun 2026 —
- BHF: Sep 2021 2.2% | Dec 2021 0.4% | Mar 2022 11% | Jun 2022 13% | Sep 2022 3.8% | Dec 2022 1.3% | Mar 2023 -5.3% | Jun 2023 -2.3% | Sep 2023 9.6% | Dec 2023 -17% | Mar 2024 -9.7% | Jun 2024 0.7% | Sep 2024 3.7% | Dec 2024 13% | Mar 2025 -5.6% | Jun 2025 1.7% | Sep 2025 8.0% | Dec 2025 2.3% | Mar 2026 -14% | Jun 2026 —
- ABX: Sep 2021 -36% | Dec 2021 -5.2% | Mar 2022 -36% | Jun 2022 -17% | Sep 2022 -36% | Dec 2022 -23,050% | Mar 2023 -40% | Jun 2023 9.6% | Sep 2023 1.5% | Dec 2023 -6.6% | Mar 2024 -1.7% | Jun 2024 0.3% | Sep 2024 -2.5% | Dec 2024 -6.5% | Mar 2025 1.8% | Jun 2025 5.2% | Sep 2025 2.0% | Dec 2025 1.7% | Mar 2026 1.7% | Jun 2026 —
- CIA: Sep 2021 -1.0% | Dec 2021 12% | Mar 2022 2.9% | Jun 2022 1.4% | Sep 2022 2.7% | Dec 2022 6.1% | Mar 2023 2.8% | Jun 2023 5.5% | Sep 2023 3.9% | Dec 2023 7.2% | Mar 2024 2.6% | Jun 2024 2.3% | Sep 2024 1.5% | Dec 2024 1.9% | Mar 2025 -0.8% | Jun 2025 3.1% | Sep 2025 1.1% | Dec 2025 3.3% | Mar 2026 1.0% | Jun 2026 —
- SNFCA: Sep 2021 6.3% | Dec 2021 1.5% | Mar 2022 1.1% | Jun 2022 1.3% | Sep 2022 -1.5% | Dec 2022 8.6% | Mar 2023 0.4% | Jun 2023 2.2% | Sep 2023 1.4% | Dec 2023 0.9% | Mar 2024 2.4% | Jun 2024 2.3% | Sep 2024 3.7% | Dec 2024 0.0% | Mar 2025 1.9% | Jun 2025 1.9% | Sep 2025 2.2% | Dec 2025 3.4% | Mar 2026 1.8% | Jun 2026 —

### 20-quarter ROE change history
- MFC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.6 pp | Dec 2022 −2.0 pp | Mar 2023 +4.9 pp | Jun 2023 +6.1 pp | Sep 2023 +1.5 pp | Dec 2023 +2.0 pp | Mar 2024 −0.7 pp | Jun 2024 0.0 pp | Sep 2024 +1.8 pp | Dec 2024 −0.3 pp | Mar 2025 −0.8 pp | Jun 2025 +1.5 pp | Sep 2025 −0.4 pp | Dec 2025 −0.4 pp | Mar 2026 +1.1 pp | Jun 2026 —
- AFL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.5 pp | Dec 2022 −2.1 pp | Mar 2023 +1.4 pp | Jun 2023 +2.4 pp | Sep 2023 +0.5 pp | Dec 2023 +0.6 pp | Mar 2024 +3.9 pp | Jun 2024 +0.6 pp | Sep 2024 −7.1 pp | Dec 2024 +6.6 pp | Mar 2025 −8.6 pp | Jun 2025 −5.4 pp | Sep 2025 +6.5 pp | Dec 2025 −2.9 pp | Mar 2026 +3.5 pp | Jun 2026 —
- MET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.3 pp | Dec 2022 +1.5 pp | Mar 2023 −2.5 pp | Jun 2023 −0.5 pp | Sep 2023 −0.6 pp | Dec 2023 −1.2 pp | Mar 2024 +2.7 pp | Jun 2024 +2.1 pp | Sep 2024 +2.8 pp | Dec 2024 +2.4 pp | Mar 2025 +0.5 pp | Jun 2025 −0.6 pp | Sep 2025 −1.7 pp | Dec 2025 −1.5 pp | Mar 2026 +0.8 pp | Jun 2026 —
- PRU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.7 pp | Dec 2022 −2.0 pp | Mar 2023 +4.8 pp | Jun 2023 +3.7 pp | Sep 2023 −3.4 pp | Dec 2023 +4.3 pp | Mar 2024 −0.2 pp | Jun 2024 +2.2 pp | Sep 2024 +5.1 pp | Dec 2024 −4.1 pp | Mar 2025 −1.3 pp | Jun 2025 −2.2 pp | Sep 2025 +2.8 pp | Dec 2025 +2.8 pp | Mar 2026 −0.5 pp | Jun 2026 —
- PUK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 −0.1 pp | Mar 2023 +6.6 pp | Jun 2023 +6.6 pp | Sep 2023 +2.0 pp | Dec 2023 +2.0 pp | Mar 2024 −4.5 pp | Jun 2024 −4.5 pp | Sep 2024 +8.4 pp | Dec 2024 +8.4 pp | Mar 2025 +6.4 pp | Jun 2025 +6.4 pp | Sep 2025 +1.9 pp | Dec 2025 +1.9 pp | Mar 2026 — | Jun 2026 —
- UNM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.2 pp | Dec 2022 +1.5 pp | Mar 2023 +1.3 pp | Jun 2023 +4.5 pp | Sep 2023 −3.0 pp | Dec 2023 +0.7 pp | Mar 2024 +0.5 pp | Jun 2024 −0.7 pp | Sep 2024 +4.1 pp | Dec 2024 −0.2 pp | Mar 2025 −2.3 pp | Jun 2025 −4.3 pp | Sep 2025 −5.9 pp | Dec 2025 −1.8 pp | Mar 2026 +0.3 pp | Jun 2026 —
- GL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.7 pp | Dec 2022 +1.8 pp | Mar 2023 +1.0 pp | Jun 2023 +1.4 pp | Sep 2023 +2.8 pp | Dec 2023 +2.7 pp | Mar 2024 +1.5 pp | Jun 2024 +1.0 pp | Sep 2024 +0.8 pp | Dec 2024 −1.3 pp | Mar 2025 −0.8 pp | Jun 2025 −0.9 pp | Sep 2025 +1.0 pp | Dec 2025 −0.5 pp | Mar 2026 −0.2 pp | Jun 2026 +5.9 pp
- PRI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.5 pp | Dec 2022 +5.3 pp | Mar 2023 +0.8 pp | Jun 2023 +1.0 pp | Sep 2023 +3.4 pp | Dec 2023 +0.3 pp | Mar 2024 0.0 pp | Jun 2024 −7.5 pp | Sep 2024 0.0 pp | Dec 2024 +0.3 pp | Mar 2025 +0.9 pp | Jun 2025 +8.0 pp | Sep 2025 +2.0 pp | Dec 2025 +0.7 pp | Mar 2026 +0.4 pp | Jun 2026 —
- JXN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +15.6 pp | Dec 2022 −17.6 pp | Mar 2023 −36.0 pp | Jun 2023 −18.5 pp | Sep 2023 +9.8 pp | Dec 2023 −4.5 pp | Mar 2024 +23.2 pp | Jun 2024 −9.5 pp | Sep 2024 −32.4 pp | Dec 2024 +19.3 pp | Mar 2025 −8.3 pp | Jun 2025 −1.1 pp | Sep 2025 +5.3 pp | Dec 2025 −5.3 pp | Mar 2026 −3.9 pp | Jun 2026 —
- LNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −16.7 pp | Dec 2022 +5.3 pp | Mar 2023 −16.8 pp | Jun 2023 +1.4 pp | Sep 2023 +46.7 pp | Dec 2023 −26.9 pp | Mar 2024 +25.3 pp | Jun 2024 +6.2 pp | Sep 2024 −40.1 pp | Dec 2024 +42.9 pp | Mar 2025 −26.3 pp | Jun 2025 −5.0 pp | Sep 2025 +13.2 pp | Dec 2025 −14.4 pp | Mar 2026 +7.3 pp | Jun 2026 —
- CNO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +13.2 pp | Dec 2022 +13.8 pp | Mar 2023 +19.8 pp | Jun 2023 +25.9 pp | Sep 2023 +16.2 pp | Dec 2023 +22.3 pp | Mar 2024 +9.3 pp | Jun 2024 −1.5 pp | Sep 2024 −0.1 pp | Dec 2024 −10.6 pp | Mar 2025 −7.3 pp | Jun 2025 +0.4 pp | Sep 2025 +3.1 pp | Dec 2025 +10.7 pp | Mar 2026 +0.4 pp | Jun 2026 —
- FG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +5.4 pp | Dec 2022 −9.6 pp | Mar 2023 — | Jun 2023 — | Sep 2023 +7.4 pp | Dec 2023 −1.3 pp | Mar 2024 +19.5 pp | Jun 2024 −3.8 pp | Sep 2024 −12.9 pp | Dec 2024 +20.0 pp | Mar 2025 −4.3 pp | Jun 2025 −5.5 pp | Sep 2025 +2.6 pp | Dec 2025 −6.2 pp | Mar 2026 +5.9 pp | Jun 2026 —
- GNW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 +2.1 pp | Mar 2023 −0.2 pp | Jun 2023 +0.2 pp | Sep 2023 −0.7 pp | Dec 2023 −5.5 pp | Mar 2024 +0.7 pp | Jun 2024 −0.4 pp | Sep 2024 +0.7 pp | Dec 2024 +2.5 pp | Mar 2025 −1.1 pp | Jun 2025 −0.3 pp | Sep 2025 +0.2 pp | Dec 2025 +0.1 pp | Mar 2026 −0.1 pp | Jun 2026 —
- BHF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.6 pp | Dec 2022 +0.9 pp | Mar 2023 −16.7 pp | Jun 2023 −15.5 pp | Sep 2023 +5.8 pp | Dec 2023 −18.6 pp | Mar 2024 −4.4 pp | Jun 2024 +3.0 pp | Sep 2024 −5.9 pp | Dec 2024 +30.7 pp | Mar 2025 +4.1 pp | Jun 2025 +1.0 pp | Sep 2025 +4.3 pp | Dec 2025 −11.1 pp | Mar 2026 −8.4 pp | Jun 2026 —
- ABX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 −23,045.1 pp | Mar 2023 −3.7 pp | Jun 2023 +26.4 pp | Sep 2023 +37.7 pp | Dec 2023 +23,043.7 pp | Mar 2024 +38.0 pp | Jun 2024 −9.3 pp | Sep 2024 −4.0 pp | Dec 2024 +0.1 pp | Mar 2025 +3.5 pp | Jun 2025 +4.9 pp | Sep 2025 +4.5 pp | Dec 2025 +8.2 pp | Mar 2026 −0.1 pp | Jun 2026 —
- CIA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.7 pp | Dec 2022 −6.2 pp | Mar 2023 −0.1 pp | Jun 2023 +4.1 pp | Sep 2023 +1.2 pp | Dec 2023 +1.1 pp | Mar 2024 −0.2 pp | Jun 2024 −3.2 pp | Sep 2024 −2.4 pp | Dec 2024 −5.3 pp | Mar 2025 −3.4 pp | Jun 2025 +0.8 pp | Sep 2025 −0.4 pp | Dec 2025 +1.4 pp | Mar 2026 +1.8 pp | Jun 2026 —
- SNFCA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −7.8 pp | Dec 2022 +7.1 pp | Mar 2023 −0.7 pp | Jun 2023 +0.9 pp | Sep 2023 +2.9 pp | Dec 2023 −7.7 pp | Mar 2024 +2.0 pp | Jun 2024 +0.1 pp | Sep 2024 +2.3 pp | Dec 2024 −0.9 pp | Mar 2025 −0.5 pp | Jun 2025 −0.4 pp | Sep 2025 −1.5 pp | Dec 2025 +3.4 pp | Mar 2026 −0.1 pp | Jun 2026 —

## Gross NPA — Leaders & Improvers

What the numbers say: There is not enough comparable evidence to name a reliable gross npa leader.

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current gnpa change signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/17 companies · 0 observations

Definition: Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.

### Gross NPA — lowest

### GNPA change — fastest improvers

### 20-quarter Gross NPA history

### 20-quarter GNPA change history

## Valuation Against Growth & Quality

What the numbers say: CNO Financial Group, Inc. has the lowest comparable P/BV ÷ ROE at 0.06×, 53.8% below Prudential plc. Only 14 of 17 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: CNO Financial Group, Inc. · 0.06× | 53.8% versus #2 · Prudential plc | 0/8 recent comparable periods | 14/17 companies · 265 observations

Definition: Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.

### P/BV ÷ ROE — lowest return-adjusted price
1. CNO Financial Group, Inc. (CNO): 0.1
2. Prudential plc (PUK): 0.1 — older report
3. F&G Annuities & Life, Inc. (FG): 0.1
4. Globe Life Inc. (GL): 0.2
5. Security National Financial Corporation (SNFCA): 0.3

### P/BV — lowest P/BV
1. Genworth Financial, Inc. (GNW): 0.4
2. Security National Financial Corporation (SNFCA): 0.6
3. Brighthouse Financial, Inc. (BHF): 0.6
4. Lincoln National Corporation (LNC): 0.7
5. F&G Annuities & Life, Inc. (FG): 0.7

### 20-quarter P/BV ÷ ROE history
- MFC: Sep 2021 0.4 | Dec 2021 0.2 | Mar 2022 — | Jun 2022 — | Sep 2022 0.9 | Dec 2022 0.6 | Mar 2023 0.4 | Jun 2023 0.4 | Sep 2023 0.4 | Dec 2023 0.3 | Mar 2024 0.6 | Jun 2024 0.6 | Sep 2024 0.4 | Dec 2024 0.4 | Mar 2025 1.3 | Jun 2025 0.4 | Sep 2025 0.4 | Dec 2025 0.6 | Mar 2026 0.7 | Jun 2026 —
- AFL: Sep 2021 0.4 | Dec 2021 0.4 | Mar 2022 0.4 | Jun 2022 0.3 | Sep 2022 0.2 | Dec 2022 3.1 | Mar 2023 0.4 | Jun 2023 0.3 | Sep 2023 0.3 | Dec 2023 1.7 | Mar 2024 0.2 | Jun 2024 0.3 | Sep 2024 — | Dec 2024 0.3 | Mar 2025 22.9 | Jun 2025 1.0 | Sep 2025 0.3 | Dec 2025 0.4 | Mar 2026 0.5 | Jun 2026 —
- MET: Sep 2021 0.3 | Dec 2021 0.5 | Mar 2022 0.4 | Jun 2022 0.8 | Sep 2022 0.8 | Dec 2022 0.6 | Mar 2023 6.9 | Jun 2023 1.2 | Sep 2023 1.0 | Dec 2023 0.8 | Mar 2024 0.6 | Jun 2024 0.6 | Sep 2024 0.4 | Dec 2024 0.5 | Mar 2025 0.6 | Jun 2025 0.7 | Sep 2025 0.6 | Dec 2025 0.6 | Mar 2026 0.4 | Jun 2026 —
- PRU: Sep 2021 0.3 | Dec 2021 0.4 | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.3 | Jun 2023 0.7 | Sep 2023 — | Dec 2023 0.3 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 1.0 | Dec 2024 15.1 | Mar 2025 0.6 | Jun 2025 0.7 | Sep 2025 0.3 | Dec 2025 0.4 | Mar 2026 0.6 | Jun 2026 —
- PUK: Sep 2021 0.9 | Dec 2021 0.9 | Mar 2022 — | Jun 2022 — | Sep 2022 0.5 | Dec 2022 0.7 | Mar 2023 0.3 | Jun 2023 0.4 | Sep 2023 0.3 | Dec 2023 0.3 | Mar 2024 0.8 | Jun 2024 0.8 | Sep 2024 0.1 | Dec 2024 0.1 | Mar 2025 0.2 | Jun 2025 0.2 | Sep 2025 0.1 | Dec 2025 0.1 | Mar 2026 — | Jun 2026 —
- UNM: Sep 2021 0.2 | Dec 2021 0.3 | Mar 2022 0.3 | Jun 2022 0.2 | Sep 2022 0.2 | Dec 2022 0.3 | Mar 2023 0.2 | Jun 2023 — | Sep 2023 0.5 | Dec 2023 0.3 | Mar 2024 0.3 | Jun 2024 0.1 | Sep 2024 0.2 | Dec 2024 0.4 | Mar 2025 0.7 | Jun 2025 0.4 | Sep 2025 3.0 | Dec 2025 0.7 | Mar 2026 0.5 | Jun 2026 —
- GL: Sep 2021 0.5 | Dec 2021 0.5 | Mar 2022 0.5 | Jun 2022 0.6 | Sep 2022 0.8 | Dec 2022 0.8 | Mar 2023 0.7 | Jun 2023 0.6 | Sep 2023 0.4 | Dec 2023 0.4 | Mar 2024 0.4 | Jun 2024 0.3 | Sep 2024 0.3 | Dec 2024 0.3 | Mar 2025 0.4 | Jun 2025 0.4 | Sep 2025 0.3 | Dec 2025 0.4 | Mar 2026 0.4 | Jun 2026 —
- PRI: Sep 2021 0.5 | Dec 2021 1.6 | Mar 2022 0.5 | Jun 2022 0.4 | Sep 2022 0.7 | Dec 2022 0.4 | Mar 2023 0.5 | Jun 2023 0.5 | Sep 2023 0.4 | Dec 2023 0.5 | Mar 2024 0.6 | Jun 2024 37.9 | Sep 2024 0.6 | Dec 2024 0.5 | Mar 2025 0.6 | Jun 2025 0.5 | Sep 2025 0.4 | Dec 2025 0.4 | Mar 2026 0.4 | Jun 2026 —
- JXN: Sep 2021 0.1 | Dec 2021 0.1 | Mar 2022 0.0 | Jun 2022 0.0 | Sep 2022 0.0 | Dec 2022 — | Mar 2023 — | Jun 2023 0.0 | Sep 2023 0.0 | Dec 2023 — | Mar 2024 0.1 | Jun 2024 0.2 | Sep 2024 — | Dec 2024 0.2 | Mar 2025 — | Jun 2025 0.3 | Sep 2025 0.8 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- LNC: Sep 2021 0.4 | Dec 2021 0.6 | Mar 2022 0.1 | Jun 2022 0.2 | Sep 2022 — | Dec 2022 0.2 | Mar 2023 — | Jun 2023 0.1 | Sep 2023 0.0 | Dec 2023 — | Mar 2024 0.0 | Jun 2024 0.1 | Sep 2024 — | Dec 2024 0.0 | Mar 2025 — | Jun 2025 0.1 | Sep 2025 0.2 | Dec 2025 0.1 | Mar 2026 — | Jun 2026 —
- CNO: Sep 2021 0.3 | Dec 2021 0.3 | Mar 2022 0.3 | Jun 2022 0.3 | Sep 2022 0.1 | Dec 2022 0.1 | Mar 2023 0.1 | Jun 2023 0.1 | Sep 2023 0.0 | Dec 2023 0.0 | Mar 2024 0.0 | Jun 2024 0.0 | Sep 2024 0.0 | Dec 2024 0.1 | Mar 2025 0.1 | Jun 2025 0.1 | Sep 2025 0.0 | Dec 2025 0.0 | Mar 2026 0.1 | Jun 2026 —
- FG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.1 | Sep 2023 0.1 | Dec 2023 — | Mar 2024 0.4 | Jun 2024 0.2 | Sep 2024 — | Dec 2024 0.2 | Mar 2025 — | Jun 2025 1.0 | Sep 2025 0.4 | Dec 2025 0.3 | Mar 2026 0.1 | Jun 2026 —
- GNW: Sep 2021 0.1 | Dec 2021 0.1 | Mar 2022 0.1 | Jun 2022 0.1 | Sep 2022 0.2 | Dec 2022 0.1 | Mar 2023 0.3 | Jun 2023 0.2 | Sep 2023 0.6 | Dec 2023 — | Mar 2024 0.2 | Jun 2024 0.3 | Sep 2024 0.3 | Dec 2024 1.2 | Mar 2025 0.4 | Jun 2025 0.4 | Sep 2025 0.3 | Dec 2025 1.0 | Mar 2026 0.4 | Jun 2026 —
- BHF: Sep 2021 0.1 | Dec 2021 0.6 | Mar 2022 0.0 | Jun 2022 0.0 | Sep 2022 0.1 | Dec 2022 0.5 | Mar 2023 — | Jun 2023 — | Sep 2023 0.1 | Dec 2023 — | Mar 2024 — | Jun 2024 0.9 | Sep 2024 0.1 | Dec 2024 0.0 | Mar 2025 — | Jun 2025 0.3 | Sep 2025 0.1 | Dec 2025 0.2 | Mar 2026 — | Jun 2026 —
- ABX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.4 | Sep 2023 1.7 | Dec 2023 — | Mar 2024 — | Jun 2024 8.4 | Sep 2024 — | Dec 2024 — | Mar 2025 0.9 | Jun 2025 0.2 | Sep 2025 0.6 | Dec 2025 1.2 | Mar 2026 1.1 | Jun 2026 —
- CIA: Sep 2021 — | Dec 2021 0.1 | Mar 2022 0.4 | Jun 2022 2.0 | Sep 2022 — | Dec 2022 0.1 | Mar 2023 0.4 | Jun 2023 0.2 | Sep 2023 0.2 | Dec 2023 0.1 | Mar 2024 0.2 | Jun 2024 0.3 | Sep 2024 0.6 | Dec 2024 0.5 | Mar 2025 — | Jun 2025 0.3 | Sep 2025 1.1 | Dec 2025 0.3 | Mar 2026 1.1 | Jun 2026 —
- SNFCA: Sep 2021 0.1 | Dec 2021 0.4 | Mar 2022 0.7 | Jun 2022 0.5 | Sep 2022 — | Dec 2022 0.1 | Mar 2023 1.2 | Jun 2023 0.3 | Sep 2023 0.5 | Dec 2023 0.8 | Mar 2024 0.3 | Jun 2024 0.3 | Sep 2024 0.2 | Dec 2024 — | Mar 2025 0.5 | Jun 2025 0.4 | Sep 2025 0.3 | Dec 2025 0.2 | Mar 2026 0.3 | Jun 2026 —

### 20-quarter P/BV history
- MFC: Sep 2021 0.9 | Dec 2021 0.8 | Mar 2022 0.9 | Jun 2022 0.8 | Sep 2022 0.7 | Dec 2022 1.0 | Mar 2023 1.0 | Jun 2023 1.0 | Sep 2023 1.0 | Dec 2023 1.1 | Mar 2024 1.3 | Jun 2024 1.3 | Sep 2024 1.4 | Dec 2024 1.5 | Mar 2025 1.5 | Jun 2025 1.5 | Sep 2025 1.4 | Dec 2025 1.7 | Mar 2026 1.6 | Jun 2026 —
- AFL: Sep 2021 1.0 | Dec 2021 1.2 | Mar 2022 1.4 | Jun 2022 1.3 | Sep 2022 1.5 | Dec 2022 2.2 | Mar 2023 2.0 | Jun 2023 2.0 | Sep 2023 2.0 | Dec 2023 2.2 | Mar 2024 2.1 | Jun 2024 1.9 | Sep 2024 2.5 | Dec 2024 2.2 | Mar 2025 2.3 | Jun 2025 2.1 | Sep 2025 2.1 | Dec 2025 1.9 | Mar 2026 1.9 | Jun 2026 —
- MET: Sep 2021 0.8 | Dec 2021 0.8 | Mar 2022 1.1 | Jun 2022 1.4 | Sep 2022 1.9 | Dec 2022 1.9 | Mar 2023 1.4 | Jun 2023 1.4 | Sep 2023 1.8 | Dec 2023 1.6 | Mar 2024 1.9 | Jun 2024 1.8 | Sep 2024 1.9 | Dec 2024 2.1 | Mar 2025 2.0 | Jun 2025 2.0 | Sep 2025 1.9 | Dec 2025 1.8 | Mar 2026 1.7 | Jun 2026 —
- PRU: Sep 2021 0.6 | Dec 2021 0.7 | Mar 2022 1.0 | Jun 2022 1.3 | Sep 2022 1.9 | Dec 2022 1.2 | Mar 2023 1.0 | Jun 2023 1.1 | Sep 2023 1.3 | Dec 2023 1.3 | Mar 2024 1.6 | Jun 2024 1.5 | Sep 2024 1.4 | Dec 2024 1.5 | Mar 2025 1.3 | Jun 2025 1.2 | Sep 2025 1.1 | Dec 2025 1.2 | Mar 2026 1.1 | Jun 2026 —
- PUK: Sep 2021 3.0 | Dec 2021 2.8 | Mar 2022 2.5 | Jun 2022 2.1 | Sep 2022 1.6 | Dec 2022 2.3 | Mar 2023 2.2 | Jun 2023 2.3 | Sep 2023 1.7 | Dec 2023 1.7 | Mar 2024 1.6 | Jun 2024 1.6 | Sep 2024 1.4 | Dec 2024 1.2 | Mar 2025 1.6 | Jun 2025 1.7 | Sep 2025 1.8 | Dec 2025 2.0 | Mar 2026 — | Jun 2026 —
- UNM: Sep 2021 0.5 | Dec 2021 0.4 | Mar 2022 0.6 | Jun 2022 0.7 | Sep 2022 0.9 | Dec 2022 0.9 | Mar 2023 0.8 | Jun 2023 — | Sep 2023 1.0 | Dec 2023 0.9 | Mar 2024 1.0 | Jun 2024 0.9 | Sep 2024 1.0 | Dec 2024 1.2 | Mar 2025 1.3 | Jun 2025 1.2 | Sep 2025 1.2 | Dec 2025 1.2 | Mar 2026 1.1 | Jun 2026 —
- GL: Sep 2021 1.1 | Dec 2021 1.1 | Mar 2022 1.4 | Jun 2022 1.8 | Sep 2022 2.2 | Dec 2022 3.0 | Mar 2023 2.7 | Jun 2023 2.6 | Sep 2023 2.2 | Dec 2023 2.5 | Mar 2024 2.2 | Jun 2024 1.4 | Sep 2024 1.9 | Dec 2024 1.8 | Mar 2025 2.0 | Jun 2025 1.9 | Sep 2025 2.0 | Dec 2025 1.9 | Mar 2026 1.8 | Jun 2026 —
- PRI: Sep 2021 2.9 | Dec 2021 2.9 | Mar 2022 2.8 | Jun 2022 2.6 | Sep 2022 2.8 | Dec 2022 2.6 | Mar 2023 3.3 | Jun 2023 3.5 | Sep 2023 3.0 | Dec 2023 3.5 | Mar 2024 4.0 | Jun 2024 3.8 | Sep 2024 4.6 | Dec 2024 4.0 | Mar 2025 4.2 | Jun 2025 3.9 | Sep 2025 3.9 | Dec 2025 3.4 | Mar 2026 3.1 | Jun 2026 —
- JXN: Sep 2021 0.2 | Dec 2021 0.4 | Mar 2022 0.4 | Jun 2022 0.2 | Sep 2022 0.3 | Dec 2022 0.3 | Mar 2023 0.4 | Jun 2023 0.3 | Sep 2023 0.3 | Dec 2023 0.4 | Mar 2024 0.5 | Jun 2024 0.6 | Sep 2024 0.6 | Dec 2024 0.7 | Mar 2025 0.6 | Jun 2025 0.6 | Sep 2025 0.7 | Dec 2025 0.7 | Mar 2026 0.8 | Jun 2026 —
- LNC: Sep 2021 0.6 | Dec 2021 0.6 | Mar 2022 0.8 | Jun 2022 0.9 | Sep 2022 3.4 | Dec 2022 1.0 | Mar 2023 0.6 | Jun 2023 0.8 | Sep 2023 1.3 | Dec 2023 0.7 | Mar 2024 0.7 | Jun 2024 0.7 | Sep 2024 0.6 | Dec 2024 0.7 | Mar 2025 0.8 | Jun 2025 0.6 | Sep 2025 0.7 | Dec 2025 0.8 | Mar 2026 0.7 | Jun 2026 —
- CNO: Sep 2021 0.6 | Dec 2021 0.6 | Mar 2022 0.8 | Jun 2022 0.9 | Sep 2022 1.6 | Dec 2022 1.5 | Mar 2023 1.3 | Jun 2023 1.4 | Sep 2023 1.4 | Dec 2023 1.4 | Mar 2024 1.3 | Jun 2024 1.2 | Sep 2024 1.4 | Dec 2024 1.5 | Mar 2025 1.6 | Jun 2025 1.5 | Sep 2025 1.5 | Dec 2025 1.5 | Mar 2026 1.5 | Jun 2026 —
- FG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 1.1 | Mar 2023 0.9 | Jun 2023 1.2 | Sep 2023 1.5 | Dec 2023 1.9 | Mar 2024 1.4 | Jun 2024 1.3 | Sep 2024 1.3 | Dec 2024 1.3 | Mar 2025 1.1 | Jun 2025 1.0 | Sep 2025 0.9 | Dec 2025 0.9 | Mar 2026 0.7 | Jun 2026 —
- GNW: Sep 2021 0.1 | Dec 2021 0.1 | Mar 2022 0.1 | Jun 2022 0.2 | Sep 2022 0.2 | Dec 2022 0.3 | Mar 2023 0.3 | Jun 2023 0.3 | Sep 2023 0.3 | Dec 2023 0.4 | Mar 2024 0.4 | Jun 2024 0.3 | Sep 2024 0.4 | Dec 2024 0.4 | Mar 2025 0.3 | Jun 2025 0.4 | Sep 2025 0.4 | Dec 2025 0.4 | Mar 2026 0.4 | Jun 2026 —
- BHF: Sep 2021 0.2 | Dec 2021 0.3 | Mar 2022 0.3 | Jun 2022 0.3 | Sep 2022 0.5 | Dec 2022 0.6 | Mar 2023 0.5 | Jun 2023 0.6 | Sep 2023 0.8 | Dec 2023 0.7 | Mar 2024 0.8 | Jun 2024 0.6 | Sep 2024 0.5 | Dec 2024 0.6 | Mar 2025 0.6 | Jun 2025 0.5 | Sep 2025 0.5 | Dec 2025 0.6 | Mar 2026 0.6 | Jun 2026 —
- ABX: Sep 2021 -14.3 | Dec 2021 -15.1 | Mar 2022 -22.7 | Jun 2022 -4.3 | Sep 2022 -18.4 | Dec 2022 18.8 | Mar 2023 -6.0 | Jun 2023 3.9 | Sep 2023 2.6 | Dec 2023 3.7 | Mar 2024 4.7 | Jun 2024 2.5 | Sep 2024 2.9 | Dec 2024 1.8 | Mar 2025 1.7 | Jun 2025 1.1 | Sep 2025 1.3 | Dec 2025 2.0 | Mar 2026 1.8 | Jun 2026 —
- CIA: Sep 2021 1.2 | Dec 2021 0.8 | Mar 2022 1.1 | Jun 2022 2.8 | Sep 2022 -11.7 | Dec 2022 0.8 | Mar 2023 1.2 | Jun 2023 0.8 | Sep 2023 0.9 | Dec 2023 0.8 | Mar 2024 0.5 | Jun 2024 0.7 | Sep 2024 0.9 | Dec 2024 1.0 | Mar 2025 1.0 | Jun 2025 0.8 | Sep 2025 1.2 | Dec 2025 1.1 | Mar 2026 1.1 | Jun 2026 —
- SNFCA: Sep 2021 0.6 | Dec 2021 0.6 | Mar 2022 0.7 | Jun 2022 0.7 | Sep 2022 0.5 | Dec 2022 0.5 | Mar 2023 0.5 | Jun 2023 0.7 | Sep 2023 0.6 | Dec 2023 0.7 | Mar 2024 0.6 | Jun 2024 0.6 | Sep 2024 0.7 | Dec 2024 0.8 | Mar 2025 0.9 | Jun 2025 0.7 | Sep 2025 0.6 | Dec 2025 0.5 | Mar 2026 0.6 | Jun 2026 —

## Market action

Abacus Global Management, Inc. has the strongest one-year price move in Insurance - Life at +100.2%. It also leads on Mansfield relative strength against the S&P 500 at +22.6%. 13 of 17 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

### Strongest one-year price performers
1. Abacus Global Management, Inc. (ABX): 100%
2. CNO Financial Group, Inc. (CNO): 51%
3. Manulife Financial Corporation (MFC): 47%
4. Jackson Financial Inc. (JXN): 46%
5. Brighthouse Financial, Inc. (BHF): 38%

### Strongest relative strength versus NIFTY 500
1. Abacus Global Management, Inc. (ABX): 23%
2. Manulife Financial Corporation (MFC): 16%
3. CNO Financial Group, Inc. (CNO): 15%
4. MetLife, Inc. (MET): 14%
5. Globe Life Inc. (GL): 14%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
- Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.

## Every company
- Manulife Financial Corporation (MFC) — market value ₹74.6K Cr; latest fundamentals Mar 2026
- Aflac Incorporated (AFL) — market value ₹65.9K Cr; latest fundamentals Mar 2026
- MetLife, Inc. (MET) — market value ₹62.7K Cr; latest fundamentals Mar 2026
- Prudential Financial, Inc. (PRU) — market value ₹43.0K Cr; latest fundamentals Mar 2026
- Prudential plc (PUK) — market value ₹35.6K Cr; latest fundamentals Dec 2025
- Unum Group (UNM) — market value ₹14.0K Cr; latest fundamentals Mar 2026
- Globe Life Inc. (GL) — market value ₹13.9K Cr; latest fundamentals Jun 2026
- Primerica, Inc. (PRI) — market value ₹10.0K Cr; latest fundamentals Mar 2026
- Jackson Financial Inc. (JXN) — market value ₹8.6K Cr; latest fundamentals Mar 2026
- Lincoln National Corporation (LNC) — market value ₹8.2K Cr; latest fundamentals Mar 2026
- CNO Financial Group, Inc. (CNO) — market value ₹5.0K Cr; latest fundamentals Mar 2026
- F&G Annuities & Life, Inc. (FG) — market value ₹4.0K Cr; latest fundamentals Mar 2026
- Genworth Financial, Inc. (GNW) — market value ₹3.9K Cr; latest fundamentals Mar 2026
- Brighthouse Financial, Inc. (BHF) — market value ₹3.7K Cr; latest fundamentals Mar 2026
- Abacus Global Management, Inc. (ABX) — market value ₹1.0K Cr; latest fundamentals Mar 2026
- Citizens, Inc. (CIA) — market value ₹257 Cr; latest fundamentals Mar 2026
- Security National Financial Corporation (SNFCA) — market value ₹239 Cr; latest fundamentals Mar 2026

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-28.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Which Insurance - Life company is the biggest?

Manulife Financial Corporation is the largest, with trailing-twelve-month income of $86,369 million, ahead of MetLife, Inc. at $77,589 million. That covers 15 of 17 companies with comparable reporting through Mar 2026.

### Which Insurance - Life company is growing fastest?

Abacus Global Management, Inc. has the fastest income growth at 86.6% year on year, across 15 of 17 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Insurance - Life company makes the most profit?

Manulife Financial Corporation earns the most, at $6,673 million of trailing-twelve-month net profit, from 15 of 17 comparable companies. Primerica, Inc. has the fastest profit growth at 54.1%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Insurance - Life company earns the highest return on capital?

Prudential plc leads on return on assets at 2.9%, across 16 of 17 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Insurance - Life stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — CNO Financial Group, Inc. screens cheapest at 0.06×. Only 14 of 17 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Is the Insurance - Life sector beating the market?

Insurance - Life has outperformed S&P 500 by 14.1% over the last 52 weeks and 8.5% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 13 of 17 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Insurance - Life stock has the strongest price momentum?

Abacus Global Management, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Insurance - Life company scores highest for research priority?

CNO Financial Group, Inc. scores 71.8 out of 100 with 76% evidence confidence, from 17.8 points on growth and earnings, 20.1 on capital efficiency, 15.9 on valuation and 18 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Insurance - Life companies does this comparison cover, and over what period?

It compares 17 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Insurance - Life sector?

The 17 Insurance - Life companies on this page carry $354,721 million of combined market value. Manulife Financial Corporation is the largest at $74,559 million, about 21% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

### What is the Insurance - Life sector's P/B ratio?

The median price-to-book ratio across the 17 Insurance - Life companies on this page is 1.1×, measured on the 17 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

### How is the Insurance - Life sector performing?

13 of the 17 covered Insurance - Life companies are beating S&P 500 on Mansfield relative strength. The sector itself is 14.1% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

### How many Insurance - Life stocks are listed in the US?

This comparison covers 17 listed Insurance - Life companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/insurance-life