Life Insurance News

Braintree, MA. (August 8, 2017) —U.S. individually underwritten life insurance activity continued to lose ground in July with the MIB…

LIMRA issued the following news release:. “Our role as a trade association is to provide a forum for industry discussion and collaboration on emerging trends,” said Robert Kerzner, president and CEO, LIMRA, LOMA, LL Global. We are encouraged that many of our members have joined LIMRA’s Blockchain Advisory Council to help us find scalable solutions using this…

MetLife, Inc. today announced it has completed the spin-off of Brighthouse Financial, Inc., creating two independent, publicly-traded companies. Under the terms of the separation, on the Aug. 4, 2017 distribution date, MetLife, Inc. common shareholders received a distribution of one share of Brighthouse Financial, Inc. common stock for every 11 shares of…

The MassMutual fellow will explore research at the intersection of human health and well-being, data science, and complex systems. Through a named research fund, MassMutual will support exploratory questions related to wellness, human behavior and networks with a team of interdisciplinary faculty in UVM’s Vermont Complex Systems Center.

_ Prudential Financial Inc. on Wednesday reported second-quarter profit of $491 million. On a per-share basis, the Newark, New Jersey- based company said it had profit of $1.12. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.70 per share.

_ Fidelity& Guaranty Life on Wednesday reported fiscal third-quarter earnings of $32 million. On a per-share basis, the Des Moines, Iowa- based company said it had net income of 54 cents. Keywords: Fidelity& Guaranty Life, Earnings Report.

_ American Equity Investment Life Holding Co. on Wednesday reported second-quarter profit of $26.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. Three analysts surveyed by Zacks expected $484.8 million.

_ MetLife Inc. on Wednesday reported second-quarter profit of $884 million. On a per-share basis, the New York- based company said it had net income of 77 cents. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

_ Lincoln National Corp. on Wednesday reported second-quarter net income of $411 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share. Lincoln National shares have climbed 11 percent since the beginning of the year, while the Standard& Poor’s 500 index has climbed 11 percent.

RICHMOND- Genworth Financial Inc. said Tuesday that it has extended the deadline for its planned acquisition by a China- based company by three months to Nov. 30, as the proposed deal remains under regulatory review by the U.S. government. Henrico County- based Genworth, an insurance company with thousands of employees in Virginia, announced in October that it had…

–The Allstate Corporation today reported financial results for the second quarter of 2017.. “Allstate delivered strong financial performance in the second quarter as a result of excellent progress on our five 2017 Operating Priorities,” said Tom Wilson, chairman and chief executive officer of The Allstate Corporation. “Net income applicable to common…

_ Genworth Financial Inc. on Tuesday reported second-quarter profit of $202 million. On a per-share basis, the Richmond, Virginia- based company said it had net income of 40 cents. Keywords: Genworth Financial, Earnings Report.

_ Voya Financial Inc. on Tuesday reported second-quarter earnings of $167.2 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. Twelve analysts surveyed by Zacks expected $318.8 million.