Climate catastrophes take toll on Allstate Q2 earnings
Severe weather and climate catastrophes took their toll on Allstate Corp.’s earnings in the second quarter.
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AIG delivers strong Q2 results off exiting life and retirement unit
American International Group continues a slow offload of its life and retirement unit, a business that delivered crucial second-quarter premiums and deposits exceeding $10 billion.
Indexed, MYGA annuities set Q1 sales record, says Wink
Annuity sales are on a hot streak, with indexed and multi-year guaranteed annuities setting an all-time sales record in the first quarter of 2023.
Globe Life execs tout agent recruiting, investment income in solid Q2
Investment income gains and strong agent recruiting helped Globe Life post solid second quarter revenues.
American Equity moves $2B in second-quarter annuities as sale nears
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.
Several major insurers post disappointing numbers even while annuity sales soar
Sales figures don’t tell the whole story when it comes to first-quarter results.
Ex-Lincoln Financial agent is lead plaintiff in Texas lawsuit over insurer’s FIA sales
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 expects to pull wealthy investors into alternatives with new annuity, investment vehicle
Apollo Global Management has high hopes for two new products that it expects will interest high-net-worth investors in alternative investments.
Lincoln Financial struggles again in Q1, reports an $881M loss
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 rides the annuity boom with nearly $1B in Q1 FIA sales
American Equity sold $964 million worth of fixed indexed annuities in Q1, an increase of 23.2% compared to the fourth quarter 2022.
Corebridge sees higher surrenders, but stronger sales, too, in Q1 earnings
Corebridge Financial continues to separate from American International Group, seeing higher fixed annuity surrenders during first-quarter earnings. Sales are even higher.
Strong commercial helps AIG withstand shaky Life & Retirement results in Q1
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 falls short of earnings forecasts, execs stress long-term focus
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.
DOL: Prudential improperly denied group life insurance claims
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.
