Structured annuities

Soleares Research, LLC is a market research and consulting firm servicing the annuity and life insurance businesses. We provide, through our website, periodic articles that cover important industry trends; we also offer clients phone or on-site consultations, executive briefings and presentations. We pride ourselves on first-class customer service and responsiveness to our clients. We aim to be an indispensable resource to the marketplace.

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Posted By: Steven D. McDonnell Posted On: May 29, 2020

First quarter variable annuity sales for most stock-traded insurers we track regularly improved compared to the prior year, once again due to lower interest rates making the product look better than fixed and indexed annuities. Effects from the COVID-19 crisis were just beginning to be felt in the quarter – they will show up to a greater extent in


Posted By: Steven D. McDonnell Posted On: May 22, 2020

In our view some interesting variable insurance fund filings came through during April, including a few new registrations, sub-advisory and fee changes, and prospectus supplements addressing market risk issues in light of the COVID-19 crisis...


Posted By: Steven D. McDonnell Posted On: May 08, 2020

The month of May is a time when insurers file annual updates to their variable annuity and fund prospectuses, and, admittedly, many filings have been coming through of late – more than enough to keep us occupied...


Posted By: Steven D. McDonnell Posted On: Apr 27, 2020

As first-quarter earnings season will be in full swing next month we’ll offer up a few thoughts on Equitable, the insurer who spun off from parent AXA via initial public offering in May of 2018. We’re certainly overdue in doing so – this year we will add it to the list of companies whose earnings calls we follow each quarter...


Posted By: Steven D. McDonnell Posted On: Apr 20, 2020

Thanks to the COVID-19 crisis we’ve had ample time to hunker down and monitor the variable annuity filing pipeline and in this report we’ll discuss some interesting developments we found, ranging from new registrations, notable amendments and benefit rate sheet updates...


Posted By: Steven D. McDonnell Posted On: Apr 06, 2020

Given the turmoil in the financial markets it’s only natural to think that variable annuity insurers would start to de-risk in earnest, and they have been – we have seen numerous products cutbacks come through recently which we’ll discuss in this report...


Posted By: Steven D. McDonnell Posted On: Mar 05, 2020

Variable annuity sales for most of the stock-traded insurers we track regularly improved in the fourth quarter of last year, in line with how the industry as a whole performed...


Posted By: Steven D. McDonnell Posted On: Feb 20, 2020

This report contains our closing thoughts on variable annuity product filings from 2019, a period that, in our view, was lively in terms of competition among insurers, who engaged in further innovation among emerging product types...


Posted By: Steven D. McDonnell Posted On: Feb 06, 2020

This will be a brief report covering new variable annuities registered with the SEC lately – which we think provide an early indication as to what kind of products will be popular in 2020...


Posted By: Steven D. McDonnell Posted On: Jan 04, 2020

Since we started publishing The Soleares Report, at the end of each year have provided a review – like this one – of how the variable annuity industry fared based on currently-available data, which is intended to help our readers reflect on the recent past and prepare for internal planning meetings...


Posted By: Steven D. McDonnell Posted On: Dec 14, 2019

In this report we’ll get up to date on variable and structured annuity benefits whose elements are set periodically by rate sheet – a risk mitigation approach that has gotten increased usage in recent years...


Posted By: Steven D. McDonnell Posted On: Dec 05, 2019

Throughout this year we have covered filings related to structured annuities – a product type that has gotten much sales traction of late – and lately we began to feel that a more substantial update was in order, thus we are providing one in this report...


Posted By: Steven D. McDonnell Posted On: Nov 26, 2019

To follow up on our last report, while the variable annuity business performed well in the third quarter, the same can’t be said for the total U.S. individual annuity market, which, according to LIMRA, saw deposits dip to their lowest quarterly level since the year-earlier period...


Posted By: Steven D. McDonnell Posted On: Nov 22, 2019

As per usual, we reviewed third quarter variable annuity results for a few selected stock-traded insurers and found that most had pretty strong performance, especially on a sequential basis – reflecting how industry sales were their highest in years, according to LIMRA...


Posted By: Steven D. McDonnell Posted On: Nov 16, 2019

In this report we’ll get caught up with some variable annuity product filings submitted to the SEC from October through the middle of this month. It was an interesting mix, including new contracts and riders as well as interesting changes and adjustments...


Posted By: Steven D. McDonnell Posted On: Oct 09, 2019

Last month we saw a “bumper crop” of new registrations submitted to the SEC, a group that included multiple variable annuities and a new structured product. We’ll discuss them in this commentary...


Posted By: Steven D. McDonnell Posted On: Aug 23, 2019

In this commentary we’ll get caught up with recent developments in structured annuities – there was a new registration and the launch of one that had been in the pipeline – and we’ll also cover some variable annuity filings...


Posted By: Steven D. McDonnell Posted On: Jul 19, 2019

In this commentary we’ll review a new variable annuity guaranteed lifetime withdrawal benefit (GLWB) filed recently by Nationwide, and touch on some recent trends in rider rate sheets, which seem to point to a de-risking trend on the part of insurers...


Posted By: Steven D. McDonnell Posted On: Apr 29, 2019

In this report we’ll get caught up with noteworthy variable annuity filings from the month of April. During that time we saw a few new registrations, amendments to contracts currently in the pipeline, and plenty of changes, many of which are scheduled to take effect during the May prospectus update season...


Posted By: Steven D. McDonnell Posted On: Mar 13, 2019

In recent weeks we’ve seen some interesting new contracts get filed with the SEC, which we’ll discuss in this commentary. They include a new structured annuity from Nationwide and next-generation variable annuities from AXA Financial. We’ll also cover highlights from other noteworthy filings...


Posted By: Steven D. McDonnell Posted On: Dec 31, 2018

If we were to characterize the year 2018 for the variable annuity business based on what we know thus far, we would call it a time of renewal, as sales started to recover, an improvement that has helped brighten prospects for the annuity industry as a whole...


Posted By: Steven D. McDonnell Posted On: Dec 11, 2018

In our view as we enter the heart of the holiday season, things are looking up for the variable annuity business: sales are recovering and insurers are building out their product offerings again. In this report we’ll share some thoughts on the current state of affairs and touch on recent product developments...


Posted By: Steven D. McDonnell Posted On: Nov 12, 2018

As third quarter earnings season is well underway, in this commentary we’ll provide a few forward-looking thoughts on how the variable annuity industry may have performed during that time period – we’ll follow up with actual sales numbers later when we compile them. In addition we’ll cover some noteworthy product filings from recent weeks...


Posted By: Steven D. McDonnell Posted On: Oct 30, 2018

In this report we’ll cover a batch of notable variable annuity product filings from this month which includes a benefit buyback offer, a contract exchange offer, new contract registrations, multiple fee changes and other adjustments...


Posted By: Steven D. McDonnell Posted On: Oct 02, 2018

In recent weeks we’ve been noticing some interesting variable annuity product filings come through – most of them involving changes to existing contracts and benefits – and in this report we’ll report on them...


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