The Industry In 2005: Revenue Down, Earnings Flat, Capital Strong
By Javier IsmodesA 5% decline in total statutory revenue for 2005 signals that U.S. life insurers are engaged in a delicate balancing act--how to energize the top line without jeopardizing statutory earnings and capital.
August 19, 2005
Group Voluntary Sales Rise Faster Than Individual SalesVoluntary group benefits grew at a slightly faster pace in 2004 than voluntary individual benefits did.[@@]Group product sales grew 4% last year, while individual ...
August 19, 2005
Voluntary LTC Gains MomentumGiant employers are supplementing traditional, employer-paid benefits with voluntary offerings.[@@]The share of large employers offering voluntary long term care insurance jumped to 33% this ...
August 19, 2005
AIG Unit Opens 401(k) Program To Local TPAsAIG SunAmerica Retirement Markets Inc. has introduced a defined contribution retirement program that could help send consulting and compliance business to smaller firms.[@@]AIG SunAmerica, ...
August 19, 2005
Regulators Tighten Roth IRA Annuity Valuation RulesThe Internal Revenue Service wants taxpayers to be reasonable when they are moving variable annuities into Roth individual retirement accounts.[@@]The IRS has issued a ...
August 19, 2005
Analyst Predicts Continuing Weakness In VA SalesSecond-quarter variable annuity results were weak.[@@]Suneet Kamath, an analyst at Sanford C. Bernstein and Company L.L.C., New York, dissects the figures this week in ...
August 18, 2005
PBM Recruits AdvancePCS VeteranWellPoint Inc. has hired Renwyck Elder to be president of its pharmacy benefit management unit.[@@]Elder, who also will be a senior vice president at ...
August 18, 2005
Pacific Life Promotes MarketerPacific Life Insurance Company has named Dewey Bushaw to be chief marketing officer at its annuities and mutual funds division.[@@]Bushaw previously was a senior ...