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