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Annuity News

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The latest annuity market trends, sales data, and product news.

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September 20, 2024
Illustration of woman talking to a man with a speech bubble that says: "$$." Women-and-money---know-the-right-language.

Women and money: Learning the right language

Working with women is one of the biggest opportunities financial professionals have today. But they must understand how women view money and know the right language to be a trusted advisor to them.

September 19, 2024
Image shows an arrow pointing up and the company name, American Life.
American Life & Security Corp. has a new fixed-indexed annuity for clients who favor accumulation.

American Life targets accumulation seekers with new FIA

American Life & Security Corp. is feeding that market need for more new products and innovation with the new MaxGrowth FIA.

MetLife Inc. (NYSE: MET) Climbs to New 52-Week High

September 19, 2024

Shares of MetLife, Inc. (NYSE: MET) traded at a new 52-week high today and are currently trading at $79.97. So far today, approximately 242.69k shares have been exchanged, as compared to an average 30-day volume of 2.67M shares. MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It […]

Annuity Insurance Global Market 2024 To Reach $1242.69 Billion By 2028 At Rate Of 5.8%

September 17, 2024

Annuity Insurance Global Market Report 2024&# x2013; Market Size, Trends, And Global Forecast 2024-2033. LONDON, GREATER LONDON, UNITED KINGDOM, September 17, 2024/ EINPresswire.com/– The annuity insurance market has experienced robust growth in recent years, expanding from $936.97 billion in 2023 to $990.4 billion in 2024 at a compound annual growth rate of 5.7%.

Nearly $72 Million in lost life insurance benefits located

September 16, 2024

With September marking Life Insurance Awareness Month, the Pennsylvania Insurance Department today announced that the National Association of Insurance Commissioners' Life Insurance Policy Locator has helped recover and return nearly $72 million in benefits from nearly 3,000 life and annuity insurance policies to Pennsylvanians since January.

September 11, 2024
Image shows Kevin Hogan, CEO of Corebridge
Corebridge Financial CEO Kevin Hogan says the industry needs to adapt to challenges.

Corebridge Financial on its own and moving to dominate the market

Corebridge Financial begins corporate life free from the shadow of American International Group in a strong position to attack the massive retirement market.

Jackson Wins Datos Insights Insurance Technology Impact Award

September 6, 2024

Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. i, has been honored by Datos Insights with a 2024 Insurance Technology Impact award for its Registered Index-Linked Annuity Digital Ecosystem. “We are honored to receive this recognition from Datos Insights, which highlights the work our teams have done to…

American Life & Security launches MaxGrowth FIA

September 5, 2024

MaxGrowth is designed to enhance retirement savings through accumulation while offering the security of principal protection.

PRT Market in UK and US forecast to exceed a combined £250bn in the next 3 years

September 5, 2024

Legal& General has today released the latest edition of its Pension Risk Transfer Monitor, which analyses industry trends and market outlooks in the UK and US. The UK PRT market has completed an estimated £20 bn of buy-ins and buyouts in the year to date The US market experienced a record breaking first half, estimated at $26 bn Both markets are on track for one of…

AM Best Upgrades Issuer Credit Ratings of Genworth Financial, Inc. and Genworth Holdings, Inc., Affirms Credit Ratings of U.S. Life Subsidiaries

August 28, 2024

AM Best has upgraded the Long-Term Issuer Credit Ratings to“ bb-” from“ b+” of Genworth Financial, Inc. and Genworth Holdings, Inc., as well their Long-Term Issue Credit Ratings. In addition, AM Best affirmed the Financial Strength Rating of B- and the Long-Term ICR of“ bb-” of Genworth Life and Annuity Insurance Company. Additionally, AM Best has affirmed the FSR of C++ and the…

August 28, 2024
Image of a financial advisor and two senior age clients who look happy. Senior couple meeting financial advisor for investment.

Advisors are key to a positive annuity purchase experience

With annuity demand expected to shatter records again this year, financial professionals should be prepared to discuss annuity options with their clients.

August 28, 2024
Image shows the LIMRA logo.
Annuity sales set more records for the first half of 2024.

Athene remains king of annuity sales, but others catching up, LIMRA finds

Athene Life & Annuity remained king of the annuity sales mountain during the first half of 2024, but their pursuers are more numerous and closing the gap.

AM Best Affirms Credit Ratings of Global Atlantic Financial Group Limited and Its Subsidiaries

August 27, 2024

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Accordia Life and Annuity Company, and its affiliates, Global Atlantic Re Limited and Global Atlantic Assurance…

August 27, 2024

New LIMRA research head Bryan Hodgens talks annuity and life sales with INN

Bryan Hodgens recently joined John Hilton, senior editor for InsuranceNewsNet, for a discussion of his new role as head of LIMRA research.

Teachers Retirement System sees double-digit growth

August 27, 2024

Kentucky teachers' retirement investments posted double-digit gains for the recently concluded fiscal year, 12.27 percent for the Retirement Annuity Trust and 12.73 percent for the Health Insurance Trust. TRS staff presented the pension system's investment results for the year ended June 30 to the Investment Committee at its Aug. 22 meeting.

Best’s Market Segment Report: Life/Annuity Reinsurers Face Growing Competition as Conditions Improve

August 26, 2024

The Best’ s Market Segment Report,“ Life/Annuity Reinsurers Face Growing Competition as Conditions Improve,” is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. “How newer entrants will alter their strategies over the long term depending on macroeconomic trends, availability of deals and regulatory…

August 23, 2024
Image shows "Q2"
Annuity sales remained strong in the second quarter.

Annuity sales ignore all disruptions in another strong quarter, Wink finds

Sales for all annuities climbed nearly 4% compared to the previous quarter, according to Wink’s Sales & Market Report.

FHLBank Pittsburgh Announces Two New Board Members

August 20, 2024

The Federal Home Loan Bank of Pittsburgh today announced the election of Thomas A. Hendry, Senior Vice President and Treasurer of New York Life Insurance and Annuity Corporation. and Nathaniel S. Bonnell, Chairman, President and CEO of Citizens Bank of West Virginia to the FHLBank Board of Directors. Mr. Hendry serves as Senior Vice President and Treasurer in the…

August 20, 2024
Image shows a man with the words, "Explain this."
NAIC regulators are interested in the industry providing better illustrations for life insurance and annuities.

Execs, regulators debate merits of illustration rules, areas that need work

State regulators hosted a panel looking into life insurance and annuity illustrations for flaws that can be corrected.

Delaware Life Accelerator Prime® Variable Annuity Named to Barron’s 2024 List of Top 100 Annuities for Fifth Consecutive Year

August 19, 2024

Delaware Life Insurance Company, a Group 1001 company, announces its inclusion in the annual Barron’ s list of“ Top 100 Best Annuities.” This is the fifth consecutive year that Barron’s has ranked Delaware Life Insurance Company annuities in the top 100.. Delaware Life Accelerator Prime ® Variable Annuity was recognized as a top 100 annuity in the categories of…

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