Global fund manager KKR said a surge in management fees, assets under management, and new business growth in its insurance subsidiary, boosted fourth earnings that vastly blew past Wall Street estimates.
Financial services and insurance firm Equitable Holdings defended its 2022 fourth quarter and year-end results, calling them “strong” when considering the tough economic and market environments. The company blamed the results, which badly missed Wall Street expectations, on lower markets, hedging and non-performance risk under GAAP accounting.
Prudential Financial executives stressed strong financials even as the insurer announced a $558 million loss for the fourth quarter 2022.
A New York appeals court allows a family to fight over benefits from a policy that two beneficiaries would have let lapse if it weren’t for their mother, who now wants to cut them out.
For those in several states who think they have a big refund coming, the IRS wants them to delay filing their taxes until it can figure out whether they owe more from rebates received last year.
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for January. The actions are…
Annual family premiums for employer-sponsored health insurance averaged $22,463 last year, according to a recent KFF survey. The average premium for family coverage has increased 20% over the last five years and 43% over the last ten years.
Recent statistics and surveys paint a scary picture of an aging American population that doesn’t understand the financial realities of retirement. The Secure 2.0 Act has helped shine a light on this issue.
Extreme – and more frequent – catastrophic events along with rising inflation are whipsawing the insurance industry and will be…
A recent study found that having – or not having – prior knowledge is what influences consumers most when it comes to making a financial decision.
Globe Life Inc. is seeing mixed results on two industry issues of considerable interest: agent counts and COVID-19 mortality. One…
The Oregon Division of Financial Regulation (DFR) has issued an order to revoke the investment adviser and insurance licenses of…
All 12 health insurance companies in the individual, small group, and large group markets in Oregon failed to comply fully…
Despite some diversity strides made in recent years within the insurance industry, barriers still exist, according to a new report. Less than half of companies surveyed say they are committed to advancing equity, and racial and gender bias still create barriers.
Allstate on Thursday reiterated its aggressive strategy to stem huge underwriting losses in its auto lines, which includes raising premiums, cutting expenses, and implementing restrictions on policies.
Those who had specific financial goals last year were two to three times more likely to say various aspects of their personal finances improved.
Advisors think we are in the worst investment climate since 2008 but are betting on U.S. stocks to outperform this year amid a tech rebound, new research shows.
American Equity is one of the more anticipated earnings reports this month, with the fixed indexed annuity seller fighting off all comers. For now.
Medicare Advantage plans denied two million prior authorization requests for health care services in whole or in part in 2021.
