Reinsurance asset testing guideline could run afoul of existing agreements
Regulators seeking to strengthen asset testing requirements for large-scale offshore reinsurance deals ran into a few potential hurdles this week.
LIMRA/SOA study: Fixed-rate deferred annuitants are not surrendering early
A fresh study shows that annuitants are generally not surrendering their contracts prior to the surrender charge period.
Appeals court: Lincoln can keep premium paid early by late policyholder
A federal appeals court ruled Thursday that Lincoln does not have to return a pro-rated share of annual life insurance premium fully paid before the policyholder’s death.
Athene execs seek to reassure Wall Street after profit decline
Not even industry leading annuity sales data kept Athene from lagging earnings in the second quarter.
Jackson Financial reports strong Q2 earnings, despite hedging hits
Jackson Financial’s Q2 earnings show strong results despite a significant drop in net income due to unfavorable hedging results.
Brighthouse execs blunt about ‘disappointing’ Q2 capital numbers
Brighthouse Financial CEO Eric Steigerwalt opted for unusual candor while unpacking second-quarter results with Wall Street analysts Thursday morning.
Brookfield Asset Management crosses $1 trillion in AUM in big Q2
Brookfield Asset Management hit the big $1 trillion mark in assets under management during the second quarter as the firm continues to expand.
NAIC working group adopts long-awaited accelerated underwriting guidance
It took years for a regulator group to finalize an accelerated underwriting guidance that was adopted in five minutes Tuesday with no comments.
Calif. signs law requiring high school finance education class
A new California law requires high-school students to take a personal finance education course to graduate.
Dellwood executives urge court to reject AIG’s ‘Hotel California theory’ in breakup suit
A trio of former American International Group executives are asking a New Jersey court to dismiss a lawsuit brought by the insurance giant alleging misappropriation of confidential information.
Prudential rides strong FlexGuard sales to second-quarter earnings win
Prudential turned a big corner in the second quarter with robust sales of its FlexGuard flagship annuity boosting revenues.
Allstate reports significant turnaround in Q2 from prior year quarter
Allstate delivered strong operational execution in Q2 2024, resulting in a significant turnaround from a net loss in the prior year quarter.
Athene earnings come up short in Q2 despite monster annuity sales
Athene Life & Annuity came up short on earnings during the second quarter despite dominating the industry in annuity sales.
Corebridge Financial stuns analysts with 68% bump in annuity premium
Corebridge Financial’s second-quarter annuity sales were so strong, Wall Street analysts had a hard time believing in the numbers.
Equitable capitalizes on strong RILA sales environment during Q2
Registered indexed-linked annuities remain one of the hottest annuity product lines and Equitable Holdings is leading the way.
Lincoln Financial’s strategic changes spur strong Q2
Lincoln Financial Group sees strong Q2 financial results, with net income significantly boosted by strategic actions, favorable market.
This surprising factor is driving independent advisor job dissatisfaction
A new study by J.D. Power has found a drop-off in company leadership is driving job dissatisfaction among independent financial…
KKR makes full use of Global Atlantic ownership during strong Q2
KKR executives touted the full earnings potential of Global Atlantic Financial Group beyond its powerful annuity sales during a call with analysts.
Feds seek $1.5M forfeiture from Greg Lindberg after bribery conviction
Federal government attorneys are asking a court to order forfeiture of nearly $1.5 million in funds previously seized from disgraced financier Greg Lindberg.
