Tuesday, May 23, 2006

 

Strong Variable Annuities, Weak Fixed Annuities Highlight Life Insurers' First-Quarter Results

Sales of variable annuities with options such as withdrawal for life helped boost some U.S. life insurers' first-quarter profits. Others saw slowed sales of fixed and equity-indexed annuities, as bank certificates of deposit offered more competitive rates. As for life insurance sales, some chief executives described a highly competitive market - with universal life taking center stage.

Strong Variable Annuities, Weak Fixed Annuities Highlight Life Insurers' First-Quarter Results
Source: A.M. Best (subscription required)

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