Companies

Investment income gains and strong agent recruiting helped Globe Life post solid second quarter revenues.

American Equity reported second-quarter FIA sales up 94% compared to the first quarter of 2023 and 141% compared to the second quarter of 2022.

Sales figures don’t tell the whole story when it comes to first-quarter results.

Lincoln Financial is asking a Texas judge to dismiss a lawsuit filed by nine plaintiffs who claim they were sold a fixed indexed annuity with illustrated promises of unrealistic gains. One of its former agents is the lead plaintiff.

Apollo Global Management has high hopes for two new products that it expects will interest high-net-worth investors in alternative investments.

Lincoln Financial Group completed another difficult quarter financially, but executives touted last week’s $28 billion reinsurance deal as a crucial rebound move for the insurer.

American Equity sold $964 million worth of fixed indexed annuities in Q1, an increase of 23.2% compared to the fourth quarter 2022.

Corebridge Financial continues to separate from American International Group, seeing higher fixed annuity surrenders during first-quarter earnings. Sales are even higher.

American International Group celebrated strong first-quarter financials today, bottom-line results that were depressed by inconsistent sales in its Life and Retirement business.

Prudential Financial continues to make moves to shake off the earnings malaise and reverse a stock decline. The first-quarter results are mixed at best.

Prudential has advised the department that they will voluntarily reprocess denied claims dating back to June 2019 and provide benefits for the claims previously denied based solely on lack of evidence of insurability.

Despite a $566 million net loss in the fourth quarter, Corebridge Financial Inc. executives are upbeat about the newly branded company’s prospects for the year.

A leading seller of fixed indexed annuities, American Equity reported fourth-quarter sales of $900 million, of which 87%, or $783 million, were in fixed index annuities.

American International Group celebrated plenty of success in the fourth quarter, exceeding many of the targets set in its revitalization plan, with strong sales of many products and some of its best underwriting.

Apollo rides to a good year with Athene’s strong fixed index annuity sales and vows to take on all comers in the space.

Lincoln Financial took a few small steps in its turnaround during the fourth quarter, eking out $6 million in net income.

Prudential Financial executives stressed strong financials even as the insurer announced a $558 million loss for the fourth quarter 2022.

American Equity is one of the more anticipated earnings reports this month, with the fixed indexed annuity seller fighting off all comers. For now.

Confusion over annuity training requirements can leave producers scrambling.