Life insurers
Total debt outstanding decreased by approximately $8 billion (or 8.1%) to $91.4 billion at year-end 2020. Prudential Financial reduced its total debt obligations by $6.3 billion in 2020, the...
Six major life insurers report second quarter financials
Here are second quarter results from six publicly held life/annuity companies: AIG, American Equity Investment Life, Brighthouse Financial, Equitable Holdings, Lincoln Financial and MetLife.
Number of PE-Owned US Insurers Jumped 31% in 2020: NAIC
A new report from the National Association of Insurance Commissioners describes the investment holdings of the growing population of insurers--mostly life insurers--that are owned wholly or in part by...
‘Double Down or Get Out’
If you haven't done so already, t's time to consider how the low interest rate environment has transformed the life/annuity business over the past ten years. And to assess...
Insurers increase their private equity holdings: AM Best
Low interest rates, mild inflationary environments and the prospects for higher investment yields are tailwinds for private equity investments. But financial stress in the markets or severe public...
Big drop in net income for publicly traded life/annuity firms in 2020
A $4.7 billion realized investment loss on derivatives for Prudential Financial was the main driver of the drop in its net income, according to a new report from ratings...
Life Insurers face “The Great Call”: Larry Rybka
Isn't it time for someone to say something loud about the damage (seen and unseen) inflicted on traditional life insurance companies--and their strategic partners and customers--in recent years? Larry...
US insurers’ exposure to CLOs passed $132 billion in 2019: AM Best
The share of collateralized loan obligations in the fixed-income portfolios of life/annuity companies rose to 4.0% in 2019 from 2.7% in 2016, according to the ratings agency.
MassMutual buys Great American Life for $3.5 billion
MassMutual was the sales leader in fixed-rate deferred annuities through the first nine months of 2020, with $5.18 billion in sales. This acquisition makes it an instant player in...
Bermuda Triangle Part IV: The Reinsurance Angle
Publicly-held life insurers are using reinsurance to improve their balance sheets. But at what cost? 'I believe that many of these blocks of business are only being funded in...
Checklist for Buying Cash Value Life
Follow the steps that Steve Parrish of The American College has assembled here when helping a client obtain the right cash value life insurance policy.
Using Cash Value Life Insurance for Retirement Income
Cash value life insurance can be a versatile tool in the hands of a diligent financial advisor, writes our guest columnist, an Adjunct Professor of Advanced Planning at The...
CEO Chris Blunt of F&G Explains It All
In only about three years, Fidelity & Guaranty Life has leveraged the asset management skills of strategic partner Blackstone to become a major fixed indexed annuity provider. Blunt, F&G's...
Drama in Des Moines
Rejecting a takeover bid by Athene and MassMutual, fixed index annuity issuer American Equity will partner with Brookfield Asset Management. The deal releases up to $350m in capital for...
Why American Equity’s Share Price Spiked Today
With new management and a new business model, American Equity Investment Life hopes to climb back onto the FIA sales leaderboard. It's using the strategy that RIJ dubbed 'The...
She’s Got Advice for Life Insurers
'Insurers can't remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,' says industry veteran Michelle Richter, who just launched Fiduciary Insurance...
Private-equity firms will keep buying life insurers: Cerulli
'A takeover of general account assets by a PE firm gives the insurer, in effect, an affiliated PE manager and the fee advantages typically seen in co-investing scenarios,' a...
Jackson National Life to go independent
Jackson National experienced a loss of more than $2 billion on its interest rate hedges this year, partly due to the drop in rates and equity prices last March.
Life Insurers’ Bermuda Triangle, Part II
The humble fixed indexed annuity is at the center of the restructuring hurricane that has swept through the life insurance industry in recent years. We bring you the second...
Low rates are ‘key obstacle’ for U.S. life/annuity firms: AM Best
Life insurers have exited, re-priced or de-emphasized their most interest rate-sensitive business lines, including individual and group annuities, the ratings firm said in a new report.