At the time of its constitution, it was a wholly-owned subsidiary of Industrial Alliance Insurance and Financial Services Inc. and had no business operations. Consequently, on January 1, 2019, a certificate of arrangement was issued by the Quebec Enterprise Registrar, and iA Financial Corporation became the parent company of the iA group, holding all common…
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Net loss 1 of $1 M, and adjusted operating income 1,2 of $15 M in the fourth quarter Enact reported adjusted operating income of $137 M 1 in the fourth quarter; distributed $84 M in capital returns to Genworth Completed annual assumption updates with unfavorable impacts to adjusted operating income in LTC and Life and Annuities of $52 M U.S. life insurance…
A-CAP Group, a New York- based insurance and financial services company with over $9 billion in assets under management and $302 million in capital, today announced that the South Carolina Administrative Law Court has ruled in favor of Atlantic Coast Life Insurance Company and Southern Atlantic Re, Inc. in their challenge to a December 11, 2024 order from the…
Northwestern Mutual sees record dividend, surplus
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The annuity vs. IUL discussion/argument has a long history.
While U.S. mortality spike is normalizing, 5 troubling trends continue
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Prudential Financial launched OneLeave, adding new absence and disability capabilities to help address the challenges of workplace leaves and the disruption it can create for both employers and employees.
Securities registered pursuant to Section 12 of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.☐ Yes☒ No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 of the Act.☐ Yes☒ No. Indicate by check mark whether the registrant has…
Conning research: Insurers must be flexible in the 2025
Insurers must remain adaptable to seize emerging opportunities as several key trends will shape the 2025 insurance landscape.
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.
