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All About Annuities » MetLife

As MetLife rightsizes, other players grow in US annuities

As MetLife rightsizes, other players grow in US annuitiesNews from IFAwebnews.com: Thomas Mason is a senior analyst with Charlottesville, Va.-based SNL Financial. While MetLife Inc. has made no secret of its efforts to scale back its exposure to the U.S. annuity market, the latest statutory data available shows a particularly steep drop in business for [...]

MetLife Avoids Buffett Reinsurer as CEO Confronts Annuities (1)

MetLife Avoids Buffett Reinsurer as CEO Confronts Annuities (1)News from Businessweek: MetLife Inc. (MET), the largest U.S. life insurer, is looking beyond Warren Buffett’s Berkshire Hathaway Inc. (A) as Chief Executive Officer Steven Kandarian seeks ways to limit risk from retirement products known as variable annuities. “To our knowledge, there’s only one major player who [...]

MetLife withdrawal narrows field for fixed-term annuities

MetLife withdrawal narrows field for fixed-term annuitiesNews from Citywire.co.uk: Low interest rates have blighted savers, and now retirees are being hit as pension providers drop annuity offerings because they are no longer sustainable. Insurer MetLife is no longer offering its fixed-term annuity, the Freedom Income Plan, because low interest rates made it too difficult for [...]

U.S. Annuities First Half 2012 Update: AIG And Prudential Gain While MetLife …

U.S. Annuities First Half 2012 Update: AIG And Prudential Gain While MetLife …News from Trefis: The first half of 2012 saw a 10% decline in total retirement solutions sales in the U.S. [] Variable annuities sales, which had increased remarkably in 2011, dropped 9% in 2012. This drop was expected as several companies including last [...]

Prudential Joins AIG Taking Annuities Share From MetLife

Prudential Joins AIG Taking Annuities Share From MetLifeNews from Businessweek: Prudential Financial Inc. (PRU) and American International Group Inc. (AIG) grabbed a bigger share of the U.S. variable-annuity market as MetLife Inc. (MET) reduced sales of the equity-linked retirement products. Prudential, the top seller of variable annuities this year, boosted its market share to 14 [...]

Prudential grows variable-annuities market as MetLife reduces sales

Prudential grows variable-annuities market as MetLife reduces salesNews from The Star-Ledger – NJ.com: Eliot Caroom/The Star-LedgerA bird’s eye view of Prudential HQ in Newark. Prudential Financial and American International Group grabbed a bigger share of the U.S. variable-annuity market as MetLife reduced sales of the equity-linked retirement products. Prudential, the top seller of variable annuities [...]

MetLife, Pru, Hartford Discuss Annuities in Earnings Calls

MetLife, Pru, Hartford Discuss Annuities in Earnings CallsNews from LifeHealthPro: Photo credit: photoholic Three major insurers held their second-quarter earnings calls yesterday and while the financials varied for each, variable annuities played a part in the discussions. The comments, even when the results seemed positive, underscore the difficulty of insuring annuity products in today’s economic [...]

MetLife Seen Scaling Back Annuities as CEO Narrows Focus

MetLife Seen Scaling Back Annuities as CEO Narrows FocusNews from BusinessWeek: MetLife Inc. (MET) (MET) may target annuities and U.S. retail life insurance for cost cuts as Chief Executive Officer Steven Kandarian unveils his plan to improve returns. “I think they’re going to announce some expense-reduction initiatives in those lines of business and maybe announce [...]

MetLife to Expand in Emerging Markets, Pare Annuities

MetLife to Expand in Emerging Markets, Pare AnnuitiesNews from BusinessWeek: MetLife Inc. (MET) (MET) will expand in emerging markets, add sales of accident-and-health protection in the U.S. and scale back from capital-intensive products such as variable annuities as it works to reverse a stock slump. The largest U.S. life insurer plans to raise return on [...]

MetLife Seen Scaling Back Annuities as CEO Narrows Focus

MetLife Seen Scaling Back Annuities as CEO Narrows FocusNews from Financial Advisor Magazine: (Bloomberg News) MetLife Inc. may target annuities and U.S. retail life insurance for cost cuts as Chief Executive Officer Steven Kandarian unveils his plan to improve returns. “I think they’re going to announce some expense-reduction initiatives in those lines of business and [...]