Life annuity

Best's Special Report: U.S. Life/Annuity Insurers' Revenue Weakened in 2020

1 month ago   |   A.M. Best   |   16 articles

The emergence of COVID-19 in 2020 added new challenges to publicly traded life/annuity insurers and led to a 31% drop in net income to $14.3 billion, according to a new AM Best...
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Best's Special Report: U.S. Life/Annuity Industry's Net Income Cut Nearly in Half in 2020

1 month ago   |   A.M. Best   |   4 articles

The U.S. life/annuity insurance industry saw its net income cut nearly in half in 2020, to $24 billion from $45 billion. These preliminary results are detailed in a new Best's...
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AM Best: Life/Annuity Markets Could Rebound in 2021

2 monthes ago   |   A.M. Best   |   4 articles

Life/annuity writers could return to 2019 earnings levels if current market conditions continue, said AM Best Director Rosemarie Mirabella and Senior Director Tom Rosendale...
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Best's Market Segment Report: Despite Navigating Pandemic Well in 2020, U.S. Life/Annuity Industry Not Out of the Woods Yet

2 monthes ago   |   A.M. Best   |   5 articles

Most rated U.S. life/annuity insurance companies have remained well-capitalized during the pandemic to date, and have benefited from favorable mortality and morbidity...
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Best's Special Report: Rated US Insurers' Holdings in Collateralized Loan Obligations Have Grown by 77% Since 2016

3 monthes ago   |   A.M. Best   |   9 articles

U.S. life/annuity and property/casualty insurance companies have ramped up their investments in collateralized loan obligations in recent years, to $132.7 billion in 2019 from...
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Best's Special Report: Variable Annuities Reforms Leading to Mixed Results for Life/Annuity Insurers

4 monthes ago   |   A.M. Best

AM Best expects variable annuity reforms from the National Association of Insurance Commissioners' to diminish noneconomic volatility that resulted under the previous framework...
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Best's Market Segment Report: AM Best Maintains Negative Market Segment Outlook on U.S. Life/Annuity Insurance Industry

5 monthes ago   |   A.M. Best   |   4 articles

AM Best is maintaining a negative market segment outlook on the U.S. life/annuity insurance segment for 2021, due predominantly to the ongoing economic and financial market...
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Best's Special Report: U.S. L/A Insurers' Net Income Cut by More Than Half in 9-Month 2020 Period, Preliminary Results Show

5 monthes ago   |   A.M. Best   |   3 articles

Net income in the U.S. life/annuity industry dropped by nearly 57% to $12.7 billion in the first nine months of 2020, compared with the same prior-year period. This financial...
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AM Best to Lead Life/Annuity-Focused Session at The Insurance Summit

8 monthes ago   |   A.M. Best

AM Best will lead a session at The Insurance Summit, titled “Life Product and Risks,” on Wednesday, Sept. 16, 2020. The Insurance Summit, which is themed as “Where Innovation...
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Best's Special Report: Preliminary First-Half 2020 Results Show U.S. Life/Annuity Industry's Net Income Fell 66%

8 monthes ago   |   A.M. Best   |   2 articles

The U.S. life/annuity industry's net income fell by 66% in the first half of 2020, compared with the same prior-year period, driven predominantly by a 10% decline in premiums...
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