Life Insurance News

On Feb. 7, 2025, Legal& General Group Plc agreed to the sale of its U.S. protection business to Meiji Yasuda Life Insurance Company and to establish a strategic partnership with Meiji to grow the U.S. pension risk transfer business with Meiji taking a 20% interest in L&G’ s U.S. PRT business, for a value of $2.3 billion. In this partnership, L&G will retain 80% of new and…

In the February issue, Best’ s Review looks at how innovation, once seen as a convenience, has become a necessity for today’ s insurers. It also features executives from Hartford Steam Boiler Group, American Family Life Insurance and Sentry Insurance Group, who describe their latest innovation initiatives. Headquartered in the United States, the company does…

As filed with the Securities and Exchange Commission on February 13, 2025. Sun Life Financial Services Company, Inc. Employee Stock Purchase Plan. Sun Life Assurance Company of Canada- U.S. Operations Holdings, Inc..

Securian Financial has launched an enhanced version of its flagship indexed universal life insurance product. Eclipse Accumulator II IUL, an accumulation-focused product issued by Minnesota Life Insurance Company, includes everything financial professionals and their clients valued about its predecessor product— low charges, simplicity and…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of The Dai-ichi Life Insurance Company, Limited, the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc.. The group’ s total reported capital increased by 46% year over year to JPY 3.9 trillion as of 31 March 2024, primarily driven by unrealised gains…

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 40- F OR For the fiscal year ended December 31, 2024 Commission File Number 001-15014 Sun Life Financial Inc. Canada 52411 Not Applicable 1 York Street, 31 st Floor, Toronto, Ontario, Canada M5J 0 B6 979-9966 Sun Life Assurance Company of Canada- U.S. Operations Holdings, Inc. One Sun Life…

A pharmaceutical company and life insurance firm will not receive any more North Carolina tax incentives for their promised expansions and job creations in the Charlotte region. BestCo in Mooresville and Equitable Financial Life Insurance Co. in Charlotte each failed to meet the requirements to receive Job Development Investment Grant payments,…

For the Year Ended December 31, 2024. In this AIF, SLF Inc. and its consolidated subsidiaries are collectively referred to as "Sun Life", the "Company", "we", "us" or "our" and also includes, where applicable, our joint ventures and associates. SLF Inc.' s MD&A for the year ended December 31, 2024, and SLF Inc.' s Consolidated Financial Statements and accompanying notes for the…

The information in this document is based on the unaudited interim financial results of Sun Life Financial Inc. for the period ended December 31, 2024. We manage our operations and report our financial results in five business segments: Asset Management, Canada, United States, Asia, and Corporate. Underlying net income of $965 million decreased $18 million or…

Financial and Operating Results Supplementary Financial Information. Sun Life Financial Inc. For the period ended December 31, 2024. Sun Life Financial Inc. adopted IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments on January 1, 2023.

The ratings also reflect the ratings lift the company receives from the ultimate parent, FMR LLC. The company receives support from FMR LLC in the form of capital contributions, operational support and investing expertise. Soteria provides strategic importance to FMR LLC and the U.S. operating insurance entities by providing reinsurance solutions, as well…

Brighthouse Financial, Inc. announced today its financial results for the fourth quarter and full year ended December 31, 2024. The company reported net income available to shareholders of $646 million in the fourth quarter of 2024, or $10.79 per diluted share, compared with a net loss available to shareholders of $942 million in the fourth quarter of 2023,…

The Distribution Marketing team at Jackson National Life Distributors LLC, the marketing and distribution business of Jackson National Life Insurance Company ® 1, and Jackson’ s Corporate Communications and Responsibility team were honored with several awards in 2024 highlighting the impact and quality of the company’ s marketing and communications…

A pharmaceutical company and life insurance firm will not receive North Carolina tax incentives for their promised expansions and job creations in the Charlotte region. BestCo in Mooresville and Equitable Financial Life Insurance Co. in Charlotte each failed to meet the requirements to receive Job Development Investment Grant payments, Economic…

With National Cancer Prevention Month underway, Symetra Life Insurance Company unveiled a new consumer-facing web-based resource highlighting the unique combination of cancer care benefits and services of its groundbreaking Cancer Care Compass. Introduced in 2024, the industry-first optional rider package provides a suite of features and benefits…

A 2021 study from the American Association of Retired People,“ Caregiving Out-Of-Pocket Costs,” found that there are 48 million unpaid caregivers in the U.S., and that family caregivers devote 26 percent of their income and about 24 hours per week to caregiving. “When employees buy our permanent life with long-term care policies, we know that in most cases it is to…

While U.S. life and P&C insurers are willing to assume increased investment risk for the third consecutive year, their market optimism is tempered as inflation is replaced by concerns about the domestic political environment, portfolio yield, market volatility, geopolitical events, and the impact of artificial intelligence. Indeed, their investment plans…

Sapiens Releases its Latest Underwriting Solution with Innovative Automation and. Rochelle Park, NJ, February 11, 2025- Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, today announced the release of Sapiens UnderwritingPro v14, the most advanced version of its award-winning, automated…

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