Although the U.S. economy has been resilient, with slowing inflation and a consistently strong labor market, JPMorgan Chase CEO Jamie Dimon still sees two“ significant risks” to the economy. That warning came as the largest U.S. bank by assets posted its biggest-ever annual profit, and beat Wall Street expectations across the board. Economists at Goldman Sachs…
Insurance company earnings information, updated quarterly. Earnings are crucial when assessing a company’s profitability and stock.
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Artificial Intelligence startups in the United States raised 30 percent more in venture funds last year than in 2023, despite the fact that large companies developing this technology such as Sam Altman’s OpenAI or Elon Musk’s xAI have not reported profits, specialists indicated. The enthusiasm for AI technology, sparked in large part by the resounding…
Athene hits record fixed-indexed annuity sales in just 9 months
Athene Life & Annuity does fixed-indexed annuity sales better than anyone and it showed during the third quarter.
Brighthouse execs talk up new hedging program, break reinsurance news
Concern over a sliding risk-based capital ratio continued during the third quarter for Brighthouse Financial.
Jackson Financial climbs RILA sales charts with another strong quarter
Jackson Financial booked $1.6 billion in third-quarter RILA sales, up 99% from the year-ago quarter.
Genworth reports strong Q3 performance, CareScout advancement
Genworth Financial reported a strong performance in Q3 2024, and the advancement of its CareScout Quality Network.
Manulife Financial Corporation reported its third quarter results for the period ended September 30, 2024, delivering record core earnings and insurance new business results 1. Core earnings 2 of $1.8 billion, up 4% on a constant exchange rate basis 3 from the third quarter of 2023 Net income attributed to shareholders of $1.8 billion, up $0.8 billion from 3…
‘Everything worked’: Apollo touts a 16% increase in AUM during Q3
Commitment to the high-net-worth market drove Apollo Global Management to a massive increase in assets under management during the third quarter.
AIG reports strong Q3 despite challenging market conditions
AIG achieved strong Q3 growth in underwriting profitability and delivered consistent capital returns to shareholders, the company reported.
Corebridge Financial tallies strong annuity, life sales numbers in Q3
Executives touted Corebridge Financial’s recent launch of its MarketLock RILA during a third-quarter call Tuesday with Wall Street analysts.
Equitable hones in on annuity delivery across channels after strong Q3
Credited with introducing the first registered indexed-lined annuity in 2010, Equitable is far and away the market leader for the now-trendy RILA products.
Prudential rides five $1B-selling annuity products to solid Q3
Booming annuity sales helped Prudential record strong performance in its retirement businesses during a successful third quarter.
Allstate reports strong Q3 earnings despite hurricane losses
Despite huge losses from hurricanes, Allstate reported strong earnings and improved strategic position for the third quarter 2024.
Lincoln Financial delivers nuggets of good news, along with $528M Q3 loss
Lincoln Financial executives gave plenty of reasons Thursday for Wall Street analysts to feel good about its future: strong annuity sales, a new Bermuda reinsurer, and a new company branding effort.
KKR incorporates annuity company into massive investing juggernaut
KKR’s bottom-line numbers sparkled in Q3, and the firm fully owns Global Atlantic Financial Group, one of the leading sellers of annuities.
Globe Life posts another strong quarter as legal, regulatory woes mount
In another quarter repeating a familiar narrative for Globe Life, the insurer posted strong earnings amid a flurry of disturbing allegations.
Athene execs seek to reassure Wall Street after profit decline
Not even industry leading annuity sales data kept Athene from lagging earnings in the second quarter.
Jackson Financial reports strong Q2 earnings, despite hedging hits
Jackson Financial’s Q2 earnings show strong results despite a significant drop in net income due to unfavorable hedging results.
Brighthouse execs blunt about ‘disappointing’ Q2 capital numbers
Brighthouse Financial CEO Eric Steigerwalt opted for unusual candor while unpacking second-quarter results with Wall Street analysts Thursday morning.
Brookfield Asset Management crosses $1 trillion in AUM in big Q2
Brookfield Asset Management hit the big $1 trillion mark in assets under management during the second quarter as the firm continues to expand.
