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Best’s Special Report: Benefits and Reserves Outpace Revenue Growth, Dampening Earnings for Publicly Traded US Life/Annuity Insurers
17 Apr 2024 12:53 GMT
Total GAAP revenue of publicly traded U.S. life/annuity companies rose year over year by 2.3% in 2023 to $287.2 billion, aided by 20% growth in investment income. However, according to a new AM Best report, a higher level of benefits paid and reserve …
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Ibexis Life & Annuity Insurance Company Launches FIA Product Enhancements
08 Apr 2024 20:18 GMT
Ibexis Life & Annuity Insurance Company® (“Ibexis”) today announced multiple enhancements to its FIA Plus™ fixed indexed annuity series offered in the independent marketing organization (“IMO”) sales channel.
The FIA Plus™ is an accumulation focused …
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Best’s Special Report: U.S. Life/Annuity Industry Sees 5.7% Net Income Decline in 2023
08 Apr 2024 14:37 GMT
The U.S. life/annuity (L/A) industry posted a 5.7% decline in net income to $37.6 billion in 2023, which included $15.0 billion of net realized capital losses, according to AM Best. These preliminary results are detailed in a new Best’s Special …
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Fareeya Adam | Reimagining retirement planning
24 Apr 2024 07:18 GMT
… needs.
Differences between a life annuity and a living annuity
… retirement money to a life annuity component within their living … Annuity Portfolio is a life annuity, which is available as … the income certainty of a life annuity and the investment flexibility …
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Best’s Market Segment Report: US Life/Annuity Insurers Stay the Course, Prepare for 2024 Uncertainty
14 Mar 2024 13:35 GMT
The U.S. life/annuity insurance segment remains well-capitalized after a nominal 1.6% increase in statutory capital and surplus through Sept. 30, 2023, from year-end 2022, and steady net income. However, according to AM Best’s annual Review & …
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Uptake for retiree life annuity rises 16% in 1-year
04 Mar 2024 19:22 GMT
The uptake for retiree life annuity as a retirement option under … to receive pension through Retiree Life Annuity (RLA) mode during the quarter …
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Pension, Hosp. & Benefit Plan of the Elec. Indus. v. Convergeone Dedicates Serv. LLC
23 Apr 2024 10:40 GMT
… average market price of a life annuity, which the agency determines from …
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AM Best to Participate in NAIC International Insurance Forum Investment Panel Discussion
22 Apr 2024 15:43 GMT
AM Best Managing Director Ken Johnson will participate in a panel discussion on navigating the investment landscape during the upcoming NAIC International Insurance Forum. The event takes place May 16-17, 2024, at the Hyatt Regency Washington in Washington …
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Private equity strengthens grip on life/annuity market with 15% surge in admitted assets in 2022: AM Best
05 Jan 2024 15:29 GMT
… that acquiring and partnering with life-annuity insurers is a strategic, long …