Social Security’s solvency has improved
Social Security paid benefits of $1.133 trillion in 2021. There were about 65 million beneficiaries at the end of the calendar year, according to the Social Security trustees' annual...
Life/annuity insurers lead surge into private equity investments
Roughly 58% of the insurance industry's exposure to private equity is through investments in leveraged buyout funds, according to a new AM Best report. Among insurers, MassMutual was most...
Breaking News
iCapital buys SIMON, fusing two fintech firms; Principal closes $25bn reinsurance deal; Securian Financial will be recordkeeper and PPP for WELLthBUILDER PEP; Nationwide is latest in New York's purge...
Fixed-Rate Annuities: First Quarter Favorites
“FIA and RILA sales were both slightly down from the prior quarter. That might reflect some investor uneasiness about equity index-linked products,” said Todd Giesing, head of LIMRA Annuity...
Fortitude Re’s expansion continues
Fortitude Re bought Rx Life Insurance Company from Heritage Life. Now named 'Fortitude US Reinsurance Company,' and domiciled in Arizona, it will enable Bermuda-based Fortitude Re to offer clients...
Church-affiliated retirement plan adopts Pacific Life longevity annuity
'We are honored to be selected as the provider for the QLAC portion of the LifeStage Retirement Income program,' said Ruth Schau, senior director of Pension Solutions for Pacific...
Envestnet and Kestra co-launch platform for plan advisers
Envestnet's cloud-based platform supports more than 108,000 advisors and 6,000 companies. Kestra Financial, based in Austin, Texas, is part of Kestra Holdings.
Annuity providers report 1Q2022 performance
Jackson National Life reported almost $200 million in sales of its new registered index-linked annuity in the first quarter. Equitable's RILA, launched over a decade ago, took in about...
Fed’s stability report assesses life insurers
Over the last decade, life insurers increased the share of risky, illiquid assets on their balance sheets, according to the Federal Reserve's annual Financial Stability Report.
In the UK, private equity finds a NEST-ing ground
NEST has been at the forefront of UK’s auto-enrolled master trusts expansion into illiquid assets, but some doubted a private equity manager would work for a low expense ratio.
USAA inked a pair of reinsurance deals in 2021
USAA, a reciprocal insurer, completed reinsurance transactions with Commonwealth Annuity and Life and Fortitude Re, according to its 2021 annual statements.
Annuity sales on pace for another $250bn year
'Both fixed indexed annuities and fixed-rate deferred products benefited from the significant interest rate increases in the first quarter,” said Todd Giesing, assistant vice president, SRI Annuity Research (in...
‘Bermuda Triangle’ news
FNF 'dividends' 15% of F&G Annuities & Life stock to shareholders; Ares Management announces $40 billion in lending commitments; Athene gets ‘Excellent’ strength rating from AM Best; KKR closes...
Finke report touts benefits of ‘contingent deferred annuities’
A CDA 'unbundles' the two main parts of a variable annuity with a living benefit: the investments and the income guarantee. It gives advisors more investment flexibility than VA...
Holy satoshi! Fidelity blesses bitcoin for 401(k)s
But "plan sponsors are overwhelmingly not considering, and will not consider, cryptocurrency a prudent investment option in a retirement plan," a Plan Sponsor Council of America survey shows.
Investors play wait-and-see: Morningstar
High-yield bond funds saw a $27.8 billion exodus in March. Large-blend funds, including S&P 500 Index funds, took in $26.5 billion to lead all Morningstar Categories.
Breaking news
‘Bermuda Triangle’ on LIMRA conference agenda; AIG issues new five-year FIA for New York; Falling sales prompt Pacific Life to discontinue LTC products; DeSanto takes CEO reins at New...
Who snagged the best investment results in 2021? Dalbar knows
Dalbar founder Lou Harvey's latest Quantitative Analysis of Investor Behavior shows how much more equity investors might have earned in 2021 if they had stuck to the fundamentals. But...
Breaking News
MetLife launches 'private equity fund' platform; Inflation, war affect asset allocations at pension funds: bfinance; Eagle Life enhances index annuities; Elizabeth Heffernan joins Micruity.
Net income of stock life/annuity firms tripled in 2021: AM Best
'The persistent drag from low interest rates continues to impact margins, but ongoing growth in general account invested assets has pushed investment income higher,' said Best's analysts.
