Filed Under:Annuities, Variable

Variable annuities still weigh on 3 U.S. life insurers

According to a report by Moody’s Investor Service, variable annuities continue to “negatively impact the balance sheets of the three largest variable annuity writers.” Those three being: Prudential, Jackson National and MetLife.

"Balance sheet headaches are lingering long after the end of the financial crisis," says Scott Robinson, a Moody's senior vice president. "The steep drop in equities during the financial crisis prompted insurers to increase reserves and capital to offset risk linked to variable annuities, and although risk exposures have decreased, they are still substantial."


Variable annuity sales to hit $22B by 2018

According to a recent report, variable annuity net new sales will reach $22 billion by 2018, a 57 percent increase...

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Nichole Morford

Nichole Morford
Managing Editor

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