Companies

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.

Plaintiffs suing a subsidiary of insurer American International Group Inc. over alleged withheld income filed a motion Monday asking a Connecticut court to dismiss the insurer’s bankruptcy filing.

Nearly a decade after Integrity Marketing Group acquired its first company, the IMO is now one of the giants of distribution. What is next for CEO Bryan Adams and Integrity?

Shareholders of four JPMorgan Insurance Trust Portfolios will be asked to approve a proposal to merge the JPM VITs into four corresponding, newly formed series of Lincoln Financial Variable Insurance Products Trust.

Lincoln reassessed its lapse calculations and found reserves far short of what is needed for its block of guaranteed universal life insurance.