Research & Reports
Q1 Results Brought New Accounting Adjustments for the VA Business
First quarter earnings season concluded last week for the publicly-traded insurers we regularly monitor, and for most of them, variable annuity deposits and net flows declined, much as we expected. What surprised us were accounting...
The “De-Risking” Process Ramps Up Around the Variable Annuity Business
We’re figuring that the myriad reductions variable annuity insurers have been making to their benefits and features signal the potential for reduced deposits and net flows for the industry, not to mention big shifts in...
A Discussion of Variable Annuity Industry Hot Topics as 2Q09 Gets Underway
Just as we were this time last year, we’re very curious about the performance of the variable annuity business in the first quarter – especially given the kind of difficult market conditions we’re in –...
Sliding Finish to a Volatile 2008 as Downward Markets Jolt VA Players
Fourth-quarter earnings season has almost concluded and in this report we’ll offer our customary review of variable annuity operating results for selected publicly-traded insurers. As we expected, most companies went through a difficult time during...
Shining a Spotlight on GMIBs – Competitors Look for the Lucky Number
Following up on our last report covering lifetime withdrawal benefits, this week we’re going to focus on variable annuity Guaranteed Minimum Income Benefits (GMIBs), because tweaks and modifications have been taking place that we think...
Benefit Bases, Risks and Related Competitive Matters on the VA Scene
By now it’s obvious that in the variable annuity business leading players have either started to cut back on the generosity of their guaranteed benefits or are thinking strongly about doing so, since the downturn...
Q3 Commentary Part II – Risks, Returns are Main Themes in VA Insurers’ Reports
In wrapping up our third quarter reporting on selected variable annuity insurers, we’ll say that it seems clear that for now, investors are still reluctant to purchase VAs during troubling market conditions such as the...
Our Q3 Commentary Part I – Variable Annuity Insurers Face a Difficult Time
This is the first installment of our third quarter commentary on variable annuity results for selected insurers we monitor regularly, and next week we’ll follow up on others that have not yet reported. Thus far,...