Reviewing VA Guaranteed Benefit Assets, NAR Movements From Q2

At different points in the past we have combed through quarterly financials of stock-traded insurers for data related to variable annuity guarantees, in an effort to gain insight on how such benefits might be impacting insurers. We have just compiled second quarter data and found that, as we expected, for most companies account values fell and net amount at risk (NAR) levels grew due mostly to the decline in the equity markets...