Brighthouse Financial accepts $4.1B takeover offer from Aquarian
Brighthouse Financial confirmed this morning that Aquarian Capital will acquire it in a $4.1 billion deal.
Jackson Financial juggles up-and-down annuity sales to a Q3 profit
Jackson Financial is predominantly an annuity seller and the company rode out the changing product preferences in a healthy third quarter.
Equitable takes a hit on reinsurance deal, powers ahead in wealth space
Equitable Holdings is sticking with a big-picture growth strategy, one that required the company to take a third-quarter earnings hit.
AIG beats Q3 forecasts with lower catastrophe losses, strong underwriting
AIG’s Q3 earnings exceeded Wall Street analyst forecasts, driven by net income of $519 million, up 13%, year-over-year.
Apollo CEO fires back at UBS chair over ‘systemic risk’ comments
UBS Chairman Colm Kelleher said that insurers shopping for better ratings are creating a “looming systemic risk” to global finance. Marc Rowan disagreed.
Corebridge Financial preps for CEO, CFO changes amid strong Q3 report
Corebridge discussed the impending departures of both CEO Kevin Hogan and Chief Financial Officer Elias Habayeb during a Q3 call Tuesday.
Geography Matters: Location plays key role in long-term care cost
Location is becoming a more significant part of the conversation when it comes to planning for long-term care costs.
Property/casualty sector to see strong premium growth continue
The property/casualty insurance sector will see strong premium growth continuing in 2025, according to Conning.
Excess mortality for 65+ adults dropping after COVID-19 peak
Excess mortality for Americans aged 65 or older dropped from more than 20% at the peak of the COVID-19 pandemic to only 1.3% in the past year – according to a new analysis from the Society of Actuaries Research Institute.
Client conversations: Words to use and words to lose
Conversations are the backbone of what financial professionals do with clients.
Prudential sees life, annuity growth; shakes up Japan operations
Prudential produced a big third-quarter jump in earnings with all of its businesses turning profits.
Cigna defends decision to end drug rebates amid record Q3 revenues
Cigna Group executives stood firm Thursday on eliminating drug rebates as the best route forward for the entire industry.
Balanced growth drives Lincoln Financial’s improved Q3 results
Despite missing Wall Street’s Q3 revenue expectations, Lincoln Financial experienced a significant turnaround from the same quarter of 2024.
AI & Algorithms: Reshaping portfolio checkups — and outsmarting risk
Tech-savvy insurance providers are using AI-powered algorithms to automate underwriting needs and moderate risk.
Federal Reserve cuts rates gain; Powell says Dec. cut ‘not a forgone conclusion’
The Federal Reserve wrapped up a two-day meeting Wednesday with a second consecutive quarter percentage point, or 25 basis points.
CVS Health exits poor markets and businesses, reports record Q3 revenues
Leaving the Affordable Care Act exchange, closing some Oak Street clinics and taking a $5.7 billion charge all have CVS Health on a much better financial path.
States lead effort to fix America’s long-term care crisis
States are stepping up to respond to the need for long-term services and supports in innovative ways.
UnitedHealth hiking rates, plans to shed 1M members in ’26 as profits rise
As CEO Stephen Hemsley nears six months back in control of UnitedHealth Group, the health insurance giant is executing the financial turnaround he promised.
Switching Sides: Advocates say NAIC effort on AI ‘devoid of any guidance’
The Model Bulletin on the Use of Artificial Intelligence Systems by Insurers is acceptable to the industry, but a bitter disappointment for consumer groups.
