Equitable Faces Wall Street Annuity Love Gap
February 13, 2024 by Allison Bell
Equitable created the hottest segment of the U.S. individual annuity market. It is outselling competitors, benefiting from a strong selling environment and hedging away most of the investment risk — but it’s having a hard time impressing Wall Street.
Suneet Kamath, a securities analyst at Jefferies, asked about Wall Street investors’ annuity enthusiasm gap Wednesday during a conference call that Equitable held with the analysts.
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Wink’s Moore on the Market: Nick Lane of Equitable says their annuity sales are up 48% from this time, last year.
You’ve got my attention!
Their structured annuities, in particular, are seeing sales swell. -sjm
Originally Posted at Think Advisor on February 7, 2024 by Allison Bell.
Categories: Industry Articles
