CEO says Athene ‘better positioned’ to stay No. 1 in volatile annuity climate
Spreads are tight and new entrants are making the annuity market more competitive. But the Apollo-Athene formula gives them an advantage, one executive said Monday.
States would be forced to revamp Medicaid funding under House proposal
States would be forced to either revamp how they finance their Medicaid programs or cut benefits under a House Energy and Commerce Committee proposal announced Sunday night.
Medicaid cuts mean ‘children have no place to hide’
If Congress approves massive cuts to federal Medicaid spending, the results could hit children especially hard.
What’s next for ACA exchanges after Aetna departure?
Aetna recently announced it will withdraw from the Affordable Care Act marketplaces in 17 states at the end of 2025. Will any other carriers follow suit?
The Hartford cancels Audubon policy citing environmental advocacy, reverses decision
Negative reaction to The Hartford’s decision to issue a non-renewal notice for an Aububon organization’s P&C policy brought a swift reversal.
Brighthouse Financial execs dodge sale rumors, mixed Q1 numbers
Rumors are swirling about the potential sale of Brighthouse Financial but executives were tight-lipped during a Friday conference call with Wall Street analysts.
Insurance brokerage M&A’s slow down in early 2025
The insurance brokerage M&A engine hit a soft patch in early 2025, logging its slowest quarter since the pandemic-era downturn of mid-2020.
Jackson brushes off reinsurance loss, volatility with Q1 annuity sales bump
Jackson Financial continues its evolution from primarily a variable annuity seller to a one-stop annuity operation that performs like an asset manager.
Lincoln Financial: ‘Solid’ Q1 despite loss, moves toward Bain partnership
Lincoln Financial posted $280 million in adjusted operating income, which the company said underscored strong operating fundamentals.
Plaintiffs ask for ‘age-weighted’ payouts from UnitedHealth settlement
At least two plaintiffs are asking a federal court to consider an “age-weighted distribution” of a $69 million UnitedHealth Group settlement over 401(k) options.
Brookfield Asset Management touts big first-quarter fundraising
As private equity giants jockey for assets, Brookfield Asset Management staked its claim with a powerful first-quarter performance.
Family says dementia victim was improperly sold annuities
The defendants sold Jay Jacobson $2 million worth of annuities from 2019 and 2023, Joan Jacobson said, with no death benefits.
Corebridge Financial rides RILA rollout success amid choppy Q1 waters
Corebridge Financial completed its first full quarter selling a registered index-linked product and the Q1 results were excellent, CEO Kevin Hogan said Wednesday.
Partnership formed to confront rise in illness, premature death in young Americans
GoMo Health and ICSL join forces to help insurers better support policyholders before they become critically ill.
Hawaii resolution targets oil, gas firms to recoup rising insurance costs
The Hawaii Legislature adopts a resolution urging property insurers to sue oil and gas firms to recoup the cost of rising insurance premiums.
DOJ joins lawsuit against major carriers alleging Medicare kickback scheme
Federal prosecutors have accused 3 of the country’s biggest health insurers of taking part in a kickback scheme allegedly defrauded Medicare.
Cigna reports strong Q1, completes Medicare divestiture
The Cigna Group reported a strong start to the year, with first-quarter 2025 revenues rising 14% to $65.5 billion.
Apollo shakes off loss of ‘Goldilocks’ economy, keeps making money
Apollo’s total assets under management hit $785 billion at the end of Q1, a 17% year-over-year increase. Annuity sales were even better.
CVS reports strong Q1 earnings, will exit Aetna’s ACA plans
CVS Health Corp. reported a strong start to 2025, with first-quarter revenue climbing 7%, driven by growth across all business segments.
