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Life Insurance News

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News, trends, sales data, and helpful peer advice for life insurance professionals, including insurance agents.

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U-Haul Holding Company Reports Third Quarter Fiscal 2025 Financial Results

February 5, 2025

Director of Investor Relations U-Haul Holding Company 263-6601 Sebastien_Reyes@uhaul.com. RENO, Nev.– U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to shareholders for its third quarter ended December 31, 2024, of…

U-Haul Holding Company Reports Third Quarter Fiscal 2025 Financial Results

February 5, 2025

U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to shareholders for its third quarter ended December 31, 2024, of $67.2 million compared with net earnings of $99.2 million for the same period last year.

February 5, 2025
Image includes the Globe Life logo
Globe Life reports that a 2024 data breach potentially affected more victims.

Globe Life: 2024 data breach far more extensive than initially reported

Globe Life revealed last week that a 2024 data breach might be far more widespread than it initially reported.

Fourth Quarter 2024 Q4 2024 Statistical Supplement and Notes

February 4, 2025

Generally Accepted Accounting Principles Our traditional U.S. life insurance companies are Provident Life and Accident Insurance Company, Unum Life Insurance Company of America, First Unum Life Insurance Company, Colonial Life& Accident Insurance Company, The Paul Revere Life Insurance Company, Unum Insurance Company, Provident Life and Casualty…

Symetra Enhances Workforce Benefits Offerings with Refreshed Group Accident Insurance

February 4, 2025

Continuing to deliver a comprehensive workforce benefits product suite that meets the diverse needs of today’ s employers and their employees, Symetra Life Insurance Company today announced updates to its group accident coverage that include an expanded range of optional benefits designed to support parents, multigenerational households, first…

Axcelus Financial Names Kimberly Gibson and Henry Komansky to Executive Roles in International Life and Annuity Insurance Companies

February 4, 2025

Axcelus Financial has appointed Kimberly Gibson to the role of Senior Market Development Manager and Consultant for the company’ s Bermuda operations and Henry Komansky to the position of Group Compliance Officer for Axcelus’ U.S.- based parent company and Chief Risk Officer for the firm’ s Bermuda operations. She has more than twenty-five years of…

Exemption Application under Investment Company Act (Form 40-APP/A)

February 4, 2025

U.S. SECURITIES AND EXCHANGE COMMISSION. Eagle Point Credit Company Inc.; Eagle Point Income Company Inc.; Eagle Point Institutional Income Fund; Eagle Point Enhanced Income Trust; Eagle Point Credit Company Sub II LLC; Eagle Point Credit Company Sub Ltd.; Eagle Point Credit Company Sub II Ltd.; Eagle Point Income Company Sub LLC; Eagle Point Income Company Sub II…

February 4, 2025
A mix of Ratings letters...

Life insurance financial ratings: a system in need of an update?

After a pair of life insurers sued AM Best last year in response to a planned downgrade of their financial ratings, concerns quickly followed.

More Older Adults Can Access Innovative Medicare Supplement Insurance

February 3, 2025

Wellabe, an Iowa- based provider of health and wealth insurance solutions, expanded its popular Medicare Supplement insurance options to reach 28 states on Feb. 1, including the new states of California, Maryland, and New Jersey. Wellabe’ s Medicare Supplement plan with the optional dental rider is available to customers in Arizona, California, Delaware, Georgia,…

How Technology Can Help to Transform the Insurance Industry

February 3, 2025

Recent technological advancements have spurred a major transformation in the modern insurance industry. The centuries-old sector has adopted technology at such a rapid rate that digital solutions now play a key role in everything from life insurance to casualty and property insurance, putting technology at the core of nearly every insurance business. The software has become a… […]

Securian Financial Launches Accident and Critical Illness Insurance Products for Affinity Market

February 3, 2025

Securian Financial has launched two supplemental health insurance products— accident insurance and critical illness insurance issued by Securian Life Insurance Company— tailored for distributors to market to customers of affinity organizations, including financial institutions and associations. Accident insurance provides a lump-sum cash…

Legals for January, 31 2025

January 31, 2025

Colleen P. Donohoe Colleen Donohoe, P.C. PO Box 10879 Kalispell, Montana 59904 406-309-2470 Attorneys for Applicant MONTANA NINETEENTH JUDICIAL DISTRICT COURT, LINCOLN COUNTY IN THE MATTER OF THE ESTATE OF CAROL ANN GIBBONS, Deceased. NOTICE OF TRUSTEE'S SALE To be sold for cash at a Trustee's Sale on May 19, 2025, at 02:00 PM outside the North entrance to the…

Automatic Shelf Registration Statement (Form S-3ASR)

January 31, 2025

S-3ASR Table of Contents As filed with the Securities and Exchange Commission on January 31, 2025. THE SECURITIES ACT OF 1933. Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this Registration Statement.

Best’s Special Report: Impairments in US Life/Health Insurance Industry Jump to 10 in 2023

January 31, 2025

Ten insurance company impairments were identified in the U.S. life/health industry for 2023, following none in 2022, according to a new AM Best report. The Best’ s Special Report, titled,“ 2023 US Life/Health Impairments Update,” states that during the 2000-2023 study period, 193 life/health insurers became impaired. Six of the 10 impairments identified for 2023…

AM Best Maintains Under Review With Developing Implications Status for Credit Ratings of Solidarity Bahrain B.S.C.

January 30, 2025

The Credit Rating action follows the announcement on 9 January 2025 that Solidarity Bahrain has signed a sale and purchase agreement with Bahrain National Holding Company B.S.C. in relation to the acquisition of 100% of the issued share capital of each of Bahrain National Insurance Company B.S.C. (c) and Bahrain National Life Assurance Company B.S.C. (c)…

AM Best Maintains Under Review With Developing Implications Status for Credit Ratings of First Insurance Company

January 30, 2025

The Credit Rating action follows the announcement on 9 January 2025 that SFIC’ s sister company, Solidarity Bahrain B.S.C., has signed a sale and purchase agreement with Bahrain National Holding Company B.S.C. in relation to the acquisition of 100% of the issued share capital of each of Bahrain National Insurance Company B.S.C. (c) and Bahrain National Life…

AM Best Maintains Under Review With Developing Implications Status for Credit Ratings of Bahrain National Insurance Company B.S.C. (c)

January 30, 2025

The Credit Rating action follows the announcement on 9 January 2025 that BNI’ s parent company, Bahrain National Holding Company B.S.C., has signed a sale and purchase agreement with Solidarity Bahrain B.S.C. in relation to the acquisition of 100% of the issued share capital of each of BNI and Bahrain National Life Assurance Company B.S.C. (c) for a total…

January 30, 2025
Illustration showing fireworks and stating the record $16Billion life insurance premium sales for 2024. LIMRA-US-Individual-Life-Insurance-Premium-Exceeds-$16-Billion-in-2024-Setting-New-Record.

2024 life insurance new premium tops $16B, sets new record, LIMRA says

A strong fourth quarter drove life insurance new premium to another record, LIMRA reports.

New York Life Announces Planned Leadership Transition within New York Life Real Estate Investors

January 30, 2025

New York Life, the largest 1 mutual life insurance company in the United States, today announced a planned leadership transition in New York Life Real Estate Investors, the $68 billion real estate investment arm of New York Life. He will report to New York Life Executive Vice President and Chief Investment Officer Tony Malloy and join Malloy’ s senior leadership…

January 30, 2025
Image shows the Equitable logo
A New York court sided with Equitable on a cost-of-insurance lawsuit.

NY appeals court sides with Equitable in lengthy cost-of-insurance lawsuit

Equitable Life Insurance Co. breached no contract terms when it imposed cost-of-insurance charges on a universal life policy, the New York Court of Appeals recently ruled.

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