Another round of insurers and financial services groups has reported first-quarter 2026 results, with performances diverging sharply between life and health players posting earnings growth and personal lines carriers absorbing winter weather losses.
Brighthouse Financial reported a Q1 2026 net loss available to shareholders of $792 million, or $13.82 per diluted share, compared with a net loss of $294 million, or $5.04 per share, a year earlier. The company noted it anticipates volatility in net income given differences between its hedge target and GAAP reserves.
Adjusted earnings rose marginally to $239 million, or $4.15 per diluted share, from $235 million, or $4.01 per share, including a $12 million unfavorable notable item tied to actuarial refinements.
Book value ended the quarter at $3.9 billion, or $67.27 per common share, while book value excluding AOCI stood at $8.0 billion, or $139.63 per share.
Safety Insurance Group swung to a Q1 2026 net loss of $14.3 million, or $0.99 per diluted share, from net income of $21.9 million, or $1.48 per share, a year earlier. The non-GAAP operating loss was $0.72 per share, against operating income of $1.28 per share.
Loss and LAE incurred rose 30.1% to $247.5 million, reflecting severe winter weather in January and February. The combined ratio deteriorated to 113.4% from 99.4%, with the loss ratio at 85.1% and prior-year favorable development of $10.5 million.
Meanwhile, net earned premiums grew 6.7% to $291.0 million on rate actions, with average written premium per policy up 4.0%, 6.1% and 9.9% in private passenger auto, commercial auto and homeowners, respectively. The board declared a $0.92 per share quarterly dividend payable June 12.
Primerica reported Q1 2026 net income of $190.1 million, up 12%, with diluted EPS of $5.97 rising 18% year over year. Total revenues climbed 8% to $872.7 million, while adjusted net operating income increased 13% to $189.8 million.
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Investment and savings products sales reached a record $4.3 billion, up 22%, and ISP client asset values ended the quarter at $127 billion, up 15%. The life-licensed sales force totaled 149,732 at March 31, with net premiums up 2%.
ROE stood at 30.6% and adjusted ROAE at 31.5%. The company repurchased $135 million of common stock and declared a $1.20 per share dividend payable June 12.
Clover Health posted Q1 2026 GAAP net income of $27 million, a $29 million year-over-year improvement, marking positive bottom-line results across key metrics. Total revenues grew 62% to $749 million, while consolidated gross profit rose 47% to $160 million and adjusted EBITDA increased 56% to $40 million.
Medicare Advantage membership reached 155,773, up 51% year over year. The company expects to meet or exceed its full-year 2026 outlook, projecting total revenues of $2.81 billion to $2.92 billion and GAAP net income of $0 million to $20 million, which would mark its first full-year GAAP profitability.
Root reported Q1 2026 net income of $35.9 million, up from $18.4 million a year earlier, marking the company's most profitable quarter to date. Operating income reached $40.9 million and adjusted EBITDA $56.8 million, with annualized ROE of approximately 47%.
Gross premiums written eased 5% to $389 million, which Root attributed to a prior-year pull-forward of vehicle sales tied to tariff announcements. Gross premiums earned rose 8% to $370.3 million, while ceded premiums earned fell to $6.6 million from $23.1 million on reduced reinsurance utilization.
The net combined ratio improved 4.2 points to 91.4%, with the net loss and LAE ratio at 62.2% and the gross accident period loss ratio at 58.8%.
