U.S. life insurer losses continue, and so will ratings downgrades, according to the Associated Press. This means continued volatility for stocks.
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The AP cites a research note from Deutsche Bank analyst Darin Arita – “Of particular concern are hedging programs and guarantees associated with variable annuities and manageable risks in the current market climate,” he said.
Arita expects life insurance stocks to fluctuate with the credit and equity markets in the near term, which will add increased pressure to earnings.
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