Life insurers
'Life iinsurers have steadily increased their allocations to Class 2 bonds, with BBB rated bonds having the highest exposure. Allocations to collateralized loan obligations and holdings in mortgage and...
Protective pays $1.2bn for Great-West’s individual life and annuity business
'This is the fourth acquisition completed since Protective became part of Dai-ichi in 2015. Dai-ichi considers Protective to be its North American growth platform and continues to aim for...
U.S. life/annuity insurers see higher net income in 1Q2019
Net income in the first quarter of 2019 rose sharply over the prior-year period, to $14.9 billion from $3.2 billion, due mainly to a significant decline in total expenses,...
Blueprint Income, a fintech firm, will sell Pacific Life deferred income annuity online
The deferred income annuity is called 'Next.' The two companies envision Generation X-ers using the Blueprint Income platform to buy a personal retirement pension, one installment payment at a...
Tell Us What You Really Think
At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors...
Help AM Best Create Metrics for ‘Innovation’
AM Best’s evaluation of a company’s innovation level will be based on two elements: innovation inputs (the components of a company’s innovation process), and innovation outputs (the impact of...
Allianz Life and AIG report 2018 results
Allianz Life's fixed indexed annuity (FIA) sales reached $9.2 billion, up 23% over the previous year. AIG's Individual Retirement unit reported $1.68 billion in adjusted pre-tax profit in 2018,...
Quarterly reports from four annuity issuers
Brighthouse, American Equity, Prudential and Lincoln offer fourth quarter and full-year 2018 earnings reports, including individual annuity and retirement plan results.
Conning assesses life and annuity businesses
The new study focuses on 'the inorganic strategies that insurers have used over the last decade' and on how insurers 'are creating value by strategically repositioning their companies.'
Life/annuity industry upgraded to stable from negative by A.M. Best
Although volatility ratcheted up in the second half of 2018, the equity markets and interest rate movements should be net positives for operating performance, according to a recent report...
What’s Up, Doc Huffman?
Ohio National Life's withdrawal from the annuity business continues to rile advisors and broker-dealers who carry a lot of the insurer's rich old living benefit products on their books--and...
Jackson National hires Michael Falcon as new CEO
In other Jackson-related news, A.M. Best has removed from under review and affirmed the A+ (Superior) strength rating of Jackson National Life Insurance Co.
Net income of U.S. life/annuity industry drops in first-half 2018: A.M. Best
Mortgage loans constituted 12.4% of total invested assets in the first half of 2018, up 41% from the first half of 2014, according to a new Best's Special Report.
Pressure to reinsure VA riders may ease: A.M. Best
The National Association of Insurance Commissioners (NAIC) is trying to modify reserve and capital requirements for variable annuity riders so that non-economic volatility is diminished, A.M. Best reported.
‘OnePension’ lets employers put DB back in DC
'We now have a solution that adds a guaranteed component to the retirement plan without being burdensome,' said Pete Welsh of OneAmerica, the provider of OnePension.
AXA IPO attracts $2.75 billion
AXA, which is Europe’s second-biggest insurer by market capitalization behind Allianz, has said that the proceeds will help finance its earlier acquisition of insurer XL Group.
Insurers should be wary of sharp rate hike: A.M. Best
Disintermediation risk, increases in hedging costs and capital strain due to reversal of unrealized gains could strain insurers, the rating agency warned.
LIMRA Ponders the Annuity Puzzle
'We can stick with business as usual, or we can work with regulators to remove some of the hurdles to selling annuities,' said Ernst & Young's Doug French at...
Total revenue for public life insurers rises in 2017
The industry garnered a year-over-year $9.5 billion tax benefit in 2017 due to the impact of tax reform. Nearly three-quarters of that went to Prudential, MetLife and Aflac.