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.
Senate bill would block SEC rule to regulate technology in financial services
A pair of Republican senators say a proposed rule to better regulate the use of artificial intelligence in financial services will end up stifling innovation instead.
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.
Rates on the move as Fed vows to slash interest rates
The Federal Reserve left interest rates unchanged during its most recent meeting, but annuity sellers are preparing for the cuts to come by adjusting rates.
Cigna asks court to toss lawsuit accusing it of improperly rejecting claims
Cigna filed a motion Thursday to dismiss a class-action lawsuit accusing the insurer of improperly rejecting medical claims.
‘Annuity King’ prepares appeal from conviction, 15-year prison sentence
Phillip Roy Wasserman is expected to file an appeal today from his fraud conviction and 15-year prison sentence.
Seniors, retirees will benefit from AI advances, experts say
According to tech and financial experts, seniors will greatly benefit from AI, without ever needing to know it’s working for them.
Study: Consumers favor flat fees for financial planning, investment services
A new study finds flat fees are emerging as a favored way for consumers to pay for financial planning and even for investment management.
‘Annuity King’ Phillip Roy Wasserman sentenced to prison for $6.3M fraud
A Tampa, Fla. judge sentenced Phillip Roy Wasserman to a lengthy prison term Wednesday for overseeing a fraud that cost retirees millions.
Relationship status influences women’s financial behavior, mindsets
Changes in relationships can impact the financial behaviors and mindsets of women, according to a study recently released by Equitable.
SEC accused of ‘regulation by enforcement’ as critics on both sides circle
The Securities and Exchange Commission is getting heat from both investor and advisor groups this week over its regulatory strategies.
Future of bipartisan tax bill in doubt
A bipartisan tax package had been expected to move through the House of Representatives this week, but some Republican congressmen are threatening to derail the measure over their concerns about the bill.
NCOIL panel adopts compromise MLR model for dental plans
A panel of state insurance legislators passed its own version of a medical-loss ratio for dental plans Friday, dubbed “Colorado-plus” by Del. Steve Westfall, R-W.V.
Study examines hesitancy around buying an annuity
Study asks: If buying annuities is a good option for many retirees, why aren’t more people purchasing them?
Differing generational retirement expectations spur personalized strategies
Differing generational expectations about when to retire are placing an increased focus on personalized investment strategies.
DOL fiduciary rule would bring ‘massive change’ to industry, analyst says
While the Department of Labor fiduciary rule proposal might be a long ways from becoming settled law, it brings the potential for “massive” change to the industry, an labor lawyer said Thursday.
