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Insurance Headlines

  • Voya Introduces Chinese Name And Advertising Campaign
    by user on February 16, 2018 at 8:30 pm

    Voya Financial, Inc., announced today that it has created a Chinese version of its name to help appeal to the Asian-American community and reinforce its commitment to this growing market. “It might sound simple, but we actually considered 18 name options and conducted sophisticated market research to ensure the Chinese version of Voya captured key attributes... The post Voya Introduces Chinese Name And Advertising Campaign appeared first on InsuranceNewsNet. […]

  • Profit Flat, Premium Falls at Allianz Life
    by Cyril Tuohy on February 16, 2018 at 6:59 pm

    Regulatory pressure and low interest rates drove Allianz Life Insurance premium 16 percent to $11 billion last year compared to 2016, execs reported. The post Profit Flat, Premium Falls at Allianz Life appeared first on InsuranceNewsNet. […]

  • Middle Market Companies Want More From Insurers, Survey Finds
    by John Hilton on February 16, 2018 at 11:00 am

    Insurers have great opportunities to branch out into other services, such as employee benefits, and a new survey finds companies eager for insurers to adapt. The post Middle Market Companies Want More From Insurers, Survey Finds appeared first on InsuranceNewsNet. […]

  • Voya Not Sure About Keeping Its Life Business
    by Cyril Tuohy on February 15, 2018 at 6:57 pm

    Voya executives say during the quarterly earnings call that the company will have to drop its annuities before seeing if the individual life business is viable for Voya. The post Voya Not Sure About Keeping Its Life Business appeared first on InsuranceNewsNet. […]

  • Northwestern Mutual Posts Strong 2017 Financial Results
    by user on February 15, 2018 at 3:00 pm

    Total surplus finished the year at an all-time high of $25.2 billion, an increase of $1.5 billion. The company expects the tax law changes to be a long-term positive that will benefit earnings beginning in 2018. The highest ever new life insurance premium at $886 million, alongside total premium revenue of $17.9 billion for insurance and annuity products. A... The post Northwestern Mutual Posts Strong 2017 Financial Results appeared first on InsuranceNewsNet. […]

  • ‘Not Our Finest Hour,’ Says MetLife CEO of Unpaid Benefits
    by Cyril Tuohy on February 15, 2018 at 11:00 am

    MetLife CEO issues a mea culpa on recent news that the company took a $510 million pretax charge for the fourth quarter. The company outlined a series of corrective steps in a conference call with analysts. The post ‘Not Our Finest Hour,’ Says MetLife CEO of Unpaid Benefits appeared first on InsuranceNewsNet. […]

  • Brighthouse Boosts 4Q Reserves by $38M for MetLife-Related Group Annuities
    by Cyril Tuohy on February 14, 2018 at 1:57 pm

    A review of procedures used to estimate reserves related to group annuitants led Brighthouse Financial to financial adjustments negatively impacting its fourth-quarter numbers. The post Brighthouse Boosts 4Q Reserves by $38M for MetLife-Related Group Annuities appeared first on InsuranceNewsNet. […]

  • NAIC Finding Little Support for Best-Interest Annuity Model
    by John Hilton on February 14, 2018 at 11:00 am

    The National Association of Insurance Commissioners wants to produce a annuity transactions best interest model law each state could then adopt. But its draft law is drawing fire from both sides who consider it both too weak and too strong. The post NAIC Finding Little Support for Best-Interest Annuity Model appeared first on InsuranceNewsNet. […]

  • MetLife Beats 4Q Profit Forecasts
    by user on February 13, 2018 at 9:34 pm

    _ MetLife Inc. on Tuesday reported fourth-quarter net income of $2.14 billion, after reporting a loss in the same period a year earlier. On a per-share basis, the New York- based company said it had net income of $1.97. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share. The post MetLife Beats 4Q Profit Forecasts appeared first on InsuranceNewsNet. […]

  • Brighthouse 4Q Annuity Sales Rise 26 Percent
    by Cyril Tuohy on February 13, 2018 at 7:05 pm

    Brighthouse Financial reported a fourth-quarter annuity sales increase of 26 percent to $1.34 billion over the year-ago period. The company credited its popular buffered variable annuities (VA) for the strong showing. The post Brighthouse 4Q Annuity Sales Rise 26 Percent appeared first on InsuranceNewsNet. […]