AIG boosts income off life and retirement, low catostrophic losses in Q1
American International Group reported strong financial results in the first quarter off strong life and retirement sales and lower catastrophic losses.
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Prudential boosts Q1 earnings, shutters disappointing Assurance IQ
Prudential Financial recorded stronger first-quarter earnings while cutting ties with the unsuccessful Assurance IQ business.
Equitable execs tout Q1 retirement growth, Wall Street wants more income
Equitable Holdings’ execs touted the company’s registered indexed-linked annuity sales, as well as retirement plan opportunities going forward during a Q1 earnings call.
Athene takes over as annuity sales leader with 72% growth in 2023
Athene Annuity and Life stormed to the top of the annuity sales charts with a 72% year-over-year growth in 2023 sales, LIMRA reported today.
Insurance M&As drop in 2023, but expected to rise again this year
Insurance company merger and acquisition deals fell off the table in 2023, hampered by the rising cost of capital and…
After ‘throttling’ back in 2023, Lemonade to push growth to reach profitability
After intentionally “throttling” growth in 2023, executives at Lemonade say they expect to accelerate its growth plans by a factor of three.
Despite Q4 $230M loss, Genworth cites strategic advances
Genworth Financial pleased with the company’s fourth quarter financial results despite reporting a $230 million loss.
Jackson Financial rides out Q4 loss with solid sales and capital, new reinsurer
Jackson Financial executives touted the potential for Brooke Re, a wholly owned reinsurer established in January, while explaining a large fourth-quarter loss.
Athene execs unbothered by regulatory, interest rate headwinds
Coming off a monster annuity sales year, Athene executives discussed why they plan to keep winning despite brewing headwinds.
Corebridge books big loss, touts soaring premiums as AIG split nears
Corebridge Financial reported a $1.3 billion loss in the fourth quarter as it nears full separation from American International Group.
AIG preparing to say goodbye to life and retirement segment for good
American International Group is down to a 52% ownership stake in Corebridge Financial, its separated life and retirement division.
Brighthouse reports strong product news to offset poor Q4 results
Brighthouse Financial executives reported strong product developments and solid sales today, but the insurer’s Q4 financial numbers were not as rosy.
Ponzi scheme losses to Ohio bank are insurable, court rules
Court rejects AIG’s claim that a bank’s losses from a Ponzi scheme run by one of its customers were not insurable.
Allstate has strong Q4, reports net income of $1.5B
Allstate reported 2023 Q4 adjusted net income in the of $1.5 billion on revenues of $14.8 billion, up 8.7% from the same period in 2022.
Lincoln Financial sees Q4 net loss of $1.2B
Lincoln Financial Group reported a net Q4 loss of $1.2 billion and a loss of $835 million for the full year of 2023.
Equitable Holdings cites momentum, resilience in face of economic headwinds
Equitable Holdings, Inc. cited resilience in the face of strong headwinds, and steady growth in its 2023 Q4 and full-year financial results.
Prudential reports turnaround, $2.48B net income for 2023
Prudential Financial Inc. Wednesday announced a significant turnaround in 2023, with net income reaching $2.48 billion,
Brookfield touts future ability to reel in $15-$20B annually from insurance
Brookfield Asset Management executives are making big plans for the insurance assets it will control when its acquisition of American Equity closes soon.
KKR fuels up with Q4 cash off big Global Atlantic annuity sales
KKR reported big fourth quarter earnings, thanks in large part to its insurance holding, Global Atlantic.
