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.
Rising interest rates will drive the story that life insurance companies report during second-quarter earnings season beginning next week — both for the good and, possibly, bad.
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.
Corebridge Financial continues to separate from American International Group, seeing higher fixed annuity surrenders during first-quarter earnings. Sales are even higher.
Catastrophe losses, higher auto claims costs, and inflation all contributed to Allstate Corp.’s first quarter loss of $320 million – compared to a profit in the same period last year – company executives said this week.
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.