Despite slammed quarter, Prudential sees brighter future with annuities

November 8, 2022 by Steven A. Morelli

Prudential Financial was slammed by losses in the third quarter, but showed growth in fixed annuities and plans to add to its growing stable of indexed variable annuities.

“Building upon FlexGuard’s tremendous success, we plan to introduce FlexGuard Life, an indexed variable universal life product, later this month,” said CEO Charles Lowrey in the company’s investor call on Wednesday. “We expect our businesses will benefit from the increased demand for retirement deaccumulation products over the next decade.”

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Originally Posted at InsuranceNewsNet on November 3, 2022 by Steven A. Morelli.