AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation, collectively referred to as Kemper Property& Casualty Group. AM Best also has affirmed the FSR of A- and the Long-Term ICRs of“ a-” of Kemper’ s life subsidiaries,…
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Is the life insurance industry evolving fast enough to meet consumer expectations?
The life insurance and annuity industry has been in a race to catch up with other industries in the adoption and use of digital tools and artificial intelligence.
Cooling off period urged before regulators tackle proposal to hide RBC
A proposal to make a key measure of insurance companies’ financial health confidential is teed up for regulators to tackle in October.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb+”, and the Indonesia National Scale Rating of aaa.ID of PT KB Insurance Indonesia. The outlook of these Credit Ratings is stable. The ratings also recognise the wide range of support provided by KB Indonesia’ s parent, KB Insurance Co., Ltd., which is fully owned by KB…
NAIC regulators: Signs of ‘progress’ getting life insurers to cut spreads
State insurance regulators report “progress” getting life insurers to pull back on overly optimistic investment growth projections.
2025 AUG 13– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– Hanwha Life, South Korea’ s first life insurance company, has officially completed the acquisition of a 75% stake in U.S.- based global financial services firm Velocity Clearing, LLC on July 30. With this transaction, Hanwha Life becomes the first Korean insurance company to…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Midland National Life Insurance Company and North American Company for Life and Health Insurance. In addition, AM Best has affirmed the Long-Term ICR of“ a-” and the Long-Term Issue Credit Ratings of Sammons Financial Group, Inc.. Sammons Financial Group, Inc….
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today unveiled key findings from its latest research on market risk, 2 conducted in collaboration with the Center for Retirement Research at Boston College. “Our findings challenge the traditional notion that avoiding risk equates to financial security,”…
NAIC takes another swing at stricter rules on life insurance illustrations
State insurance regulators are again nibbling around the edges of an actuarial guideline designed to limit unrealistic life illustrations.
NASHVILLE— Going back to school is an exciting and stressful time for students, educators, and parents. As the school year gets underway across the Volunteer State, the Tennessee Department of Commerce and Insurance reminds consumers that education doesn't stop in the classroom. TDCI's Division of Insurance offers insurance tips and reminders to help make…
With ‘the great wealth transfer’ underway, tools include life insurance, gifting strategies
The great wealth transfer is reshaping the financial landscape as trillions of dollars will change hands over the next 23 years.
Is it time for bitcoin life insurance?
Meanwhile is the only licensed and government-regulated life insurer that is fully denominated and operating in bitcoin.
The Pennsylvania Insurance Department today announced that the 2026 rate changes requested by insurance companies currently operating in Pennsylvania's individual and small group markets are now available online. On average, all Pennsylvania health insurers are requesting premium increases in plan year 2026: 19% increase to premiums in the…
Brighthouse Financial, Inc. announced today its financial results for the second quarter ended June 30, 2025. The company reported net income available to shareholders of $60 million in the second quarter of 2025, or $1.02 per diluted share, compared with net income available to shareholders of $9 million in the second quarter of 2024, or $0.12 per diluted…
AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to China United Property Insurance Company. The ratings also reflect the expected government support CUPI will receive from its ultimate parent, China Investment Corporation, the sovereign wealth fund of the Chinese government. The company maintains a sizeable…
Corebridge Financial today announced the launch of Power Select AICO SM, a new index annuity that expands the strong partnership between Corebridge and Market Synergy Group, one of the nation’ s largest networks of independent marketing organizations. “We are excited to build on our long-standing partnership with Market Synergy Group and introduce a next…
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Heartland National Life Insurance Company. HNL has traditionally used extensive reinsurance to share risk and manage capital strain as it executes its growth initiatives under its strategic plan and…
U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to common shareholders for its first quarter ended June 30, 2025, of $142.3 million, compared with net earnings of $195.4 million for the same period last year.
MetLife, Inc. today announced its second quarter 2025 results. Supplemental slides for the second quarter of 2025, titled“ 2 Q25 Supplemental Slides” are available on the MetLife Investor Relations website at https://investor.metlife.com and in the Form 8- K furnished by MetLife to the U.S. Securities and Exchange Commission in connection with this…
Primerica, Inc. announced financial results for the quarter ended June 30, 2025. The Company reported total revenue of $793.3 million, net income of $178.3 million and net earnings per diluted share of $5.40 during the second quarter of 2025. During the second quarter of 2024, the Company reported total revenue of $791.0 million, net income from continuing…
