Blue Cross of Idaho is laying off over 100 employees in the coming months. Health and Welfare expects to save up to $40 million by switching from Blue Cross of Idaho to United Healthcare and Molina Health Care for the state’ s Medicare and Medicaid dual-eligible program, a spokesperson told the Idaho Statesman by email. Blue Cross of Idaho, the largest health…
Insurance company earnings information, updated quarterly. Earnings are crucial when assessing a company’s profitability and stock.
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Bearish hedge fund sellers have made $16.2 billion betting against Tesla shares as the value of Elon Musk’s electric car company has halved over the past three months.. Traders looking to profit from the falling share price have piled on the gains since the high recorded at the close on Dec. 17, according to data provider S3 Partners. Tesla’s market value has…
BOSTON, Mass., March 5, 2025- Liberty Mutual Holding Company Inc. and its subsidiaries reported net income attributable to LMHC of $1.239 billion and $4.383 billion for the three and twelve months ended December 31, 2024, versus income of $654 million and $213 million for the same periods in 2023.. Our claims professionals are on the ground working tirelessly to…
Northwestern Mutual sees record dividend, surplus
Northwestern Mutual reported record-breaking financial results, declaring its highest-ever policyholder dividend and a sky-high surplus.
Jackson reports 42% bump in Q4 annuity sales, up $39% for the year
Jackson Financial is firing on all cyclinders with its annuity portfolio, but some Wall Street analysts remain concerned about its Brooke Re reinsurer.
Despite LTC loss, Genworth sees net income growth, CareScout expansion
Genworth Financial reported results for Q4 and full-year 2024, citing continued success in long-term care rate actions.
Surrenders expected to rise at Corebridge, new RILA already selling strong
Corebridge reported a strong fourth quarter 2024, with net income of $2.2 billion compared to a loss of $1.3 billion in the year-ago quarter.
Despite $500M wildfire loss, AIG reports strong Q4, 2024 earnings
Despite challenges from natural catastrophes, including the California wildfires, AIG earns Q4 net income of $898 million.
CVS Health: Profits drop, with Medicare Advantage, Aetna challenges
CVS Health reported Q4 2024 profits of $1.6 billion, down from $2 billion, with annual profits at $4.6 billion, down $8.3 billion in 2023.
Brighthouse: annuity success, RBC struggles, as possible sale rumors fly
Brighthouse Financial’s Shield Level annuities hit record sales of $10 billion for the year. But is it enough?
RILA sales leader Equitable Holdings races to meet lifetime income demand
Equitable Holdings continues to tinker with a formula combining retirement products, wealth strategies and asset management.
Globe Life selling a lot of life insurance, paying heavy litigation costs
Globe Life executives might be living in a swirling storm of controversy, but it didn’t impact life insurance sales during the fourth quarter.
Allstate reports strong Q4, 2024 performance; investments cited
Allstate Corporation ended 2024 on a high note, reporting strong financial and strategic performance in the fourth quarter and 2024.
Lincoln Financial execs hail strong annuity sales; life business in ‘transition’
Like its competitors, Lincoln Financial is riding huge annuity sales while setting up Bermuda reinsurance and watching interest rates.
Prudential: big Q4 sales, record PRT deals and an executive shakeup
From a sales standpoint, a lot went right for Prudential Financial in Q4, and the year as a whole.
Apollo touts Athene annuity sales, sees ‘robust future’ in other products
Higher fee revenue and strong retirement products drove another strong quarter for Apollo Global Management.
Cigna to ‘listen to the public narrative,’ promises pharmacy benefit reforms
Cigna executives kicked off Thursday’s earnings call by responding to pharmacy benefit manager critics with a number of reforms.
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…
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.
