2Q Earnings Slide In Insurance Sector

July 31, 2015 by Cyril Tuohy

Second quarter earnings reports dominated the news from the world of life and annuity companies this week. Among the developments of note in the earnings reports was that second quarter was a good one for American Equity Life, which took advantage of two competitors who scaled back on their annuity offerings, allowing American Equity to gain market share.

The other development of note this week came from MetLife, which announced that the Financial Stability Oversight Council (FSOC) was expected to file a brief Friday opposing the company’s motion for summary judgement to dismiss the Systemically Important Financial Institution (SIFI) designation. Click HERE to read article. 

Originally Posted at InsuranceNewsNet on July 31, 2015 by Cyril Tuohy.