Principal Exits Retail Life, Fixed Annuity Sales

[Insurance Forums Staff]

Insurance Forums Staff submitted a new article

Principal Exits Retail Life, Fixed Annuity Sales

Results of strategic review initiated by activist investor mean big changes for Des Moines-based global financial company, which will now focus on its higher-growth businesses in effort to make it a more capital-efficient company.

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[Tahoe Ray]

Won't be the last one...

 

[ATM]

Won't be the last one...

Agreed. I expect to see may 10 life/annuity carriers left by the end of the decade. Maybe even fewer.

How can making 40 year commitments at a 4% IRR be achieved in a 2% rate environment?