AIG: Annuity Sales Showing ‘Strong Rebound’ Off Poor 2Q

August 5, 2020 by John Hilton

Projections of COVID-19 losses were as bad as projected, American International Group execs told analysts Tuesday morning, but there are positive signs.

In particular, annuity sales picked up as the quarter wound down, said Kevin Hogan, chief executive officer for life & retirement.

“Toward the end of the quarter, we began to see improvement in retail annuity activity, as our distribution partners responded to the new environment,” Hogan said. 

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Originally Posted at InsuranceNewsNet on August 4, 2020 by John Hilton.