Sales were up 1.8% when compared to the previous quarter and up 1.5% when compared to the same period last year.
High inflation, market volatility, potential Social Security cuts and lengthening lifespans have investors grappling with unprecedented anxiety about financial security in retirement – but those who own an annuity are feeling significantly more optimistic than their peers.
AM Best has maintained its market segment outlook for the U.S. life/annuity insurance segment at stable, supported by a continuation of top-line growth, along with healthy capital and risk-adjusted capital levels. In its Best’ s Market Segment Report,“ Market Segment Outlook: US Life/Annuity,” AM Best states that the life/annuity segment has been able to grow…
The National Association of Insurance Commissioners is creating a new working group to address life insurance and annuity illustrations.
Aspida Financial Services, a life insurance and annuity group, will begin a phased expansion of their global headquarters, adding 1,000 new jobs in Durham County over the next several years. "Aspida's decision to scale its headquarters in Durham reflects the strength of our state's talent pipeline and the collaborative spirit of our economic development…
A growing Durham financial services company has committed to create 1,000 jobs in the Triangle by next decade. Through a new state job development investment grant, the life insurance and annuities provider Aspida committed to hire these workers in Durham between 2028 and 2032, the N.C. The company has around 200 local employees at its main office in south…
A growing Durham financial services company has committed to create 1,000 jobs in the Triangle by next decade. Through a new state job development investment grant, the life insurance and annuities provider Aspida committed to hire these workers in Durham between 2028 and 2032, the N.C. The company has around 200 local employees at its main office in south…
A growing Durham financial services company has committed to create 1,000 jobs in the Triangle by next decade. Through a new state job development investment grant, the life insurance and annuities provider Aspida committed to hire these workers in Durham between 2028 and 2032, the N.C. The company has around 200 local employees at its main office in south…
Annuities, at times, has had a reputation as a complex, difficult product for advisors to sell. Can AI break that barrier down?
As complexity rises, some financial professionals may scale back, leaving households without the support they depend on.
SPRINGFIELD, Mass.& CHARLOTTE, N.C.—- MassMutual and its global asset management subsidiary Barings announced today that MassMutual has entered into an agreement in which MS&AD Insurance Group Holdings, Inc. will acquire an 18% equity stake in Barings through its subsidiary Mitsui Sumitomo Insurance Co., Ltd., a leading Japanese insurance company.
Record-breaking annuity sales over the past several years reflect a growing demand for safety and guaranteed income in 2026.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the key life/health insurance and annuity operating subsidiaries of Wilton Re Ltd., collectively referred to as Wilton Re. The rating affirmations reflect a continuation of Wilton Re’ s very strong level of risk-adjusted capitalization on a consolidated…
The three-legged stool of retirement planning has grown a bit wobbly over the years as fewer workers can rely on a pension during their post-employment years.
Brighthouse Financial confirmed this morning that Aquarian Capital will acquire it in a $4.1 billion deal.
TruStage launched the latest solution in their suite of registered index-linked annuities, the TruStage ZoneChoice Income Annuity underwritten by MEMBERS Life Insurance Company.
We’re in a moment when more Americans are thinking about security, legacy and simplicity at the same time.
Brighthouse Financial, Inc. (NASDAQ: BHF) is one of today’s top gainers. The company’s shares have moved 24.39% on the day to $56.84. Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for […]
Axonic Insurance, a global annuity and insurance platform, today announced a $210 million preferred equity investment led by LuminArx Capital Management, a global capital solutions provider, with participation from Deutsche Bank. Axonic Insurance is an innovative insurance platform that designs, distributes, issues, and manages annuity and related…
Total annuity sales increased 4% to $119.3 billion in the third quarter of 2025, setting yet another quarterly sales record, LIMRA reported.
