2016 earnings: Mostly positive, but big losses for 2 titans
February 28, 2017 by Warren S. Hersch
Despite a challenging interest rate and regulatory environment, many life insurers closed out 2016 with a tidy profit. The results attest to sustained consumer and business demand for their core protections. The gains also reflect a migration among insurers to solutions that offer greater earnings potential — income that has for some carriers more than offset declines in product sales.
Of eight major life insurers that posted fourth quarter and year-end results for 2016, six carriers — Allianz, Amerprise, Lincoln, Prudential, Securian and Unum — recorded positive net income for the quarter and/or year, though earnings in some cases dipped relative to the comparable periods in 2015.
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