Publicly-traded U.S. life insurers see 19% income decline: Fitch

September 7, 2016 by Editorial Staff

The 15 publicly traded U.S. life insurers rated by Fitch Ratings saw their pretax operating income decline 19% in the first half of 2016, the result of “declining interest rates, volatile equity markets and unfavorable macroeconomic headwinds,” a Fitch release said.

“Unfavorable mortality and competitive pricing continue to hurt individual and group life insurance segments while volatile financial markets impacting the variable annuity, retirement plan and asset management segments,” said Dafina Dunmore, director, Fitch Ratings, in a statement.

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Originally Posted at Retirement Income Journal on September 7, 2016 by Editorial Staff.