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Life and annuity issuers appeared a bit quiet within the first quarter.
Was that as a result of they have been nervous about Washington, dealing with asset administration points, or simply too busy promoting new annuities?
Buyers are about to get new information, when the publicly traded issuers put up earnings for the primary quarter.
What it means: That is the time to seek out out whether or not insurers are saying the identical issues to buyers that they’re saying to you and your shoppers.
Public firms: In the US, dozens of life insurers, together with giants equivalent to New York Life and MassMutual, are “mutual insurers,” which means that they’re owned by their policyholders.
Others are owned by people, households or small investor teams and are labeled as “privately held.”
Mutual insurers and privately held insurers might put together monetary stories primarily based solely on the statutory accounting ideas guidelines utilized by state insurance coverage regulators.
When insurers have greater than about 2,000 shareholders, federal regulation classifies the businesses as “public firms” and requires them to launch quarterly and annual outcomes ready utilizing the Monetary Accounting Requirements Board’s U.S. usually accepted accounting ideas.
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