Prudential Posts Big 2Q Loss, Accelerates Shift To Variable Products

August 12, 2020 by John Hilton

Prudential took another beating at the hands of historically low interest rates in the second quarter, and executives said they expect life insurance and annuity sales to drop further.

But the insurer is continuing to shake up its product mix to find the right combination, Vice Chairman Rob Falzon said.

“We’ve implemented pricing and product actions to simplify and de-risk our business mix, while protecting profitability,” he explained.

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Originally Posted at InsuranceNewsNet on August 5, 2020 by John Hilton.