KBRA comments that subsequent to the recently announced sale of Janney Montgomery Scott from Penn Mutual to KKR, the AA insurance financial strength ratings of Penn Mutual Life Insurance Company, Penn Insurance and Annuity Company, Penn Insurance and Annuity Company of NY and Vantis Life Insurance Company, and the A+ rating on the company’ s surplus notes,…
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Provides retirement and related financial products and services primarily to businesses, their employees, and other individuals including full service accumulation, banking, trust and custodial services, individual variable annuities, pension risk transfer, investment only, individual fixed annuities, and all of the Institutional Retirement& Trust…
-Principal Financial Group ® announced results for second quarter 2024.. Net income attributable to Principal Financial Group of $353 million, or $1.49 per diluted share Non-GAAP net income attributable to PFG, excluding exited business, of $356 million, or $1.50 per diluted share Non-GAAP operating earnings 1 of $386 million, or $1.63 per diluted share…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aaa” of Teachers Insurance and Annuity Association of America and its wholly owned insurance subsidiary, TIAA-CREF Life Insurance Company. TIAA and TIAA-CREF Life collectively are referred to as the TIAA Group. TIAA, together with its companion organization,…
U-Haul Holding Company, the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, plans to report its first quarter fiscal 2025 financial results after the close of market trading on Wednesday, August 7, 2024. U-Haul Holding Company is the parent company of U-Haul International,…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Guardian Life Insurance Company of America and its core subsidiaries, Guardian Insurance& Annuity Company, Inc. and Berkshire Life Insurance Company of America. Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings of“ aa-” of Guardian Life’ s…
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Ratings of A+ and the Long-Term ICRs of“ aa” of Tennessee Farmers Mutual Insurance Company and its affiliate Tennessee Farmers Assurance Company, which are members of Tennessee Farmers Insurance Companies.
SBLI announces that Martin F. Connors, Jr., President and CEO of Rollstone Bank& Trust, was recently elected Chairperson of the company’ s Board of Directors at its annual meeting. Martin F. Connors, Jr., President and CEO of Rollstone Bank& Trust, was recently elected Chairperson of the Board of Directors of SBLI. He joined Fitchburg, Massachusetts- based Rollstone Bank&…
How affluent individuals and families use PPLI for legacy planning
Private placement life insurance has emerged as a strategic tool for affluent individuals and families.
Chubb Reports Second Quarter Per Share Net Income and Core Operating Income of $5.46 and $5.38, Up 26.4% and 9.3%, Respectively; Consolidated Net Premiums Written of $13.4 Billion, Up 11.8%, or 12.3% in Constant Dollars, with P&C Up 10.6% and Life Insurance Up 27.6%; P&C Combined Ratio of 86.8%;. Record Year-to-Date Per Share Net Income and Core Operating Income of…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Old United Life Insurance Company. The ratings also reflect the implicit support of the greater organization, particularly from National Indemnity Company. Despite being authorized to write business in 47 states and the District of Columbia the vast…
NEW YORK& PHILADELPHIA—- KKR, a leading global investment firm and The Penn Mutual Life Insurance Company today announced the signing of a definitive agreement under which investment funds managed by KKR will acquire Janney Montgomery Scott LLC. Janney has over $150 billion in assets under administration, with more than 900 financial advisors providing…
Midland National ® Life Insurance Company, a member company of Sammons Financial Group, today announced a new partnership with The Index Standard, a leading provider of forward-looking data and analytics solutions for index-linked products. Planning also means having a diverse set of crediting strategies within products,” said Kevin Mechtley, vice…
Brighthouse Financial, Inc. announced today that it has introduced new enhancements to Brighthouse SmartCare, its flagship life insurance product. In addition to the 3% Compound option, Brighthouse Financial has introduced two new riders to Brighthouse SmartCare that will be issued with new policies at no additional charge: the Return of Premium…
NEW YORK, NY/ iCrowdnewswire/ July 22, 2024, Moving to another country requires careful research, planning, and preparation. The months leading up to the move may be dedicated to navigating the complexities of immigration law, securing a job, and learning about the destination. While some major banks have international locations, many financial institutions…
Insurers’ lawsuit over AM Best ratings delayed again amid settlement talks
A New Jersey judge granted another extension Friday to give AM Best and two life insurers more time to finalize an agreement to end a lawsuit over negative ratings.
New Symetra IUL takes entire application and underwriting online
Symetra Life Insurance Co. is out with a new indexed universal life product that offers consumers a fully automated online digital purchase process.
Citizens, Inc. President Jon Stenberg Appointed Chief. AUSTIN, TX- July 1, 2024- Citizens, Inc., a leading diversified financial services company specializing in life, living benefits, and final expense insurance, today announces the planned transition of the Chief Executive Officer role. Jon Stenberg, who currently serves as Citizens' President, is appointed to…
Recently, I had a bad car wreck and ended up with only a minor concussion from hitting the windshield. My wife was not hurt. I was taken by ambulance to a Burn Unit at the Texas Medical Center in Houston, but I was totally blessed because I only had a first-degree burn.
Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. today announced the launch of a new rider for its flagship Protective ® Classic Choice term policy, which is issued by its principal subsidiary Protective Life Insurance Company. The new rider, Conversion Choice℠ rider with ExtendCare℠ provides customers with enhanced options for…
