AIG showed continued improvement in its core business-insurance operations, but a weaker and shrinking share of income from a life-insurance unit being divested kept its operating income relatively flat.
Tag: life insurance
Life Insurance Is Profitable Again, but Too Late for Many Insurers
Higher interest rates, driven by the Federal Reserve’s anti-inflationary campaign, have provided the life insurance industry a new opportunity to profit.
Twelve Capital: Liquidity Risks “Remote” for Most Reinsurers Amid Banking Crisis
Twelve Capital, an independent investment manager specializing in insurance investments, concluded that “liquidity risk is remote” for most reinsurers.
Life Insurers Boosted Premiums, Now They Are Paying Refunds
When interest rates fell to near zero after the financial crisis, dozens of life insurers boosted costs for longtime policyholders, seeking to improve results as their investment income fell.
Life Insurers Paid a Record $100 Billion in Death Benefits in 2021
U.S. life insurers paid a record $100 billion in death benefits in 2021, fueled by another year of Covid-19 deaths.
Lemonade Goes Abroad to the UK
Lemonade, an insurance company powered by artificial intelligence and social impact, has launched in the United Kingdom. Residents in the United Kingdom can now obtain Lemonade Contents insurance instantly, from anywhere, on any device, and file claims and receive payment in seconds. “We believe the millions of local renters will appreciate what Lemonade has to… Continue reading Lemonade Goes Abroad to the UK
Life Insurance New Annualized Premium Growth Continues in 2Q 2022: LIMRA
Total U.S. life insurance new annualized premium increased 6% in the second quarter 2022, the sixth consecutive quarter of premium growth, according to LIMRA’s Second Quarter 2022 U.S. Retail Life Insurance Sales Survey. In the first six months of 2022, new premium was 11% higher than the same period in 2021. “Strong indexed universal life… Continue reading Life Insurance New Annualized Premium Growth Continues in 2Q 2022: LIMRA
AIG’s Life and Retirement Unit Files for IPO
SAFG Retirement Services Inc, the holding company of American International Group Inc’s life and retirement business, filed for an initial public offering in the United States on Monday. SAFG reported total revenue of $23.39 billion for the fiscal year ended Dec. 31, a 55 percent increase, in the filing. Adjusted after-tax operating income increased 14.5… Continue reading AIG’s Life and Retirement Unit Files for IPO
Insurer AIG Says BlackRock Will Manage Part of Life and Retirement Unit’s Assets
Insurer American International Group Inc (AIG) said BlackRock Inc, the world’s largest asset manager, will manage $60 billion of its global investment portfolio and up to $90 billion of assets on behalf of its life and retirement business. BlackRock will manage certain liquid fixed income and private placement assets according to the deal, which comes… Continue reading Insurer AIG Says BlackRock Will Manage Part of Life and Retirement Unit’s Assets
Insurers Will Reward Safe, Healthy Drivers with Potentially Cheaper Life Insurance
You can get a car insurance discount if you allow Allstate Corp. to track your driving. You can get a life insurance discount if you let John Hancock monitor your diet and exercise. The two insurers are now collaborating on the theory that safe drivers live longer lives. The cost will be allowing insurers to… Continue reading Insurers Will Reward Safe, Healthy Drivers with Potentially Cheaper Life Insurance