by Carrie Haubensak | Sep 26, 2024 | Insurance Industry, Life Insurance
During the first six months of 2024 net income for the US life/annuity insurance sector increased by 7.1% over the same prior year period to $14.1 billion, driven primarily by lower realised capital losses, according to a new report from AM Best. If you recall, the US...
by Carrie Haubensak | Sep 19, 2024 | Insurance Industry, Life Insurance
Term life insurance recorded its sixth consecutive quarter of growth during Q2 in both premium and policy sales, according to LIMRA’s U.S. Life Insurance Sales Survey. But term sales success could not rescue the overall life insurance market from another sluggish...
by Carrie Haubensak | Sep 5, 2024 | Insurance Industry, Life Insurance
Life insurance sales rebounded nicely during the second quarter, Wink, Inc. reported in its Sales and Market Report. Universal life sales for the quarter exceeded $1.1 billion, up 11.9% compared to the previous quarter. All universal life sales include fixed UL,...
by Carrie Haubensak | Sep 4, 2024 | Insurance Industry, Life Insurance, Medicare, Medicare Advantage, Medicare Supplement
Integrity Marketing Group announced it has partnered with Senior Insurance Solutions, an independent marketing organization based in Cleveland, Tennessee, and led by Jacob Anderson. Financial details of the partnership were not disclosed. With more than 25 years of...
by Carrie Haubensak | Aug 22, 2024 | Insurance Industry, Life Insurance
Individual life insurance new annualized premium totaled $3.97 billion in the second quarter, level with prior-year results, according to LIMRA’s preliminary U.S. Life Insurance Sales Survey. Policy count was flat for the quarter. Year to date, new premium totaled...
by Carrie Haubensak | Jul 25, 2024 | Insurance Industry, Life Insurance, news
As insurers prepare to release second quarter financial results, it appears some, if not many, of the negative factors that have dragged earnings and profits for years have begun to diminish, and maybe even disappeared. Results vary by sector, with life and health...
