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National Western Life Announces 2009 Fourth Quarter and 2009 Earnings (PR Newswire)
Ross R. Moody, President of National Western Life Insurance Company , announced today fourth quarter 2009 consolidated net earnings of $12.7 million, or $3.59 per diluted Class A common share, compared with consolidated net earnings of $10.9 million, or $3.06 per diluted Class A common share, for the fourth quarter of 2008.
us.rd.yahoo.com 2010-03-12
Citizens, Inc. Reports Year-End Results (PR Newswire)
Citizens, Inc. reported net income of $17.3 million or $0.31 basic and diluted earnings per share of Class A common stock for the year ended December 31, 2009 compared to a net loss of $15.7 million or $0.42 basic and diluted losses per share of Class A common stock for the year ended December 31, 2008.
us.rd.yahoo.com 2010-03-11
Assured Guaranty Ltd. Announces Pricing and Upsizing of Secondary Offering on Behalf of Dexia SA (Business Wire)
HAMILTON, Bermuda----Assured Guaranty Ltd. announced that Dexia SA has priced a secondary public offering of 21,848,934 AGL common shares owned by the Selling Shareholder at a price of $22.66 per common share.
us.rd.yahoo.com 2010-03-11
The Ambitions of Prudential's Tidjane Thiam (BusinessWeek)
The CEO of British insurance giant Prudential favors decisiveness over deliberation. But his bold $35.5 billion play for AIG's Asian assets is meeting mixed response
us.rd.yahoo.com 2010-03-11
Presidential Life Announces Fourth Quarter and Full Year 2009 Results (Business Wire)
NYACK, N.Y.----Presidential Life Corporation today announced results for the fourth quarter and full year period ended December 31, 2009. Presidential Life, through its wholly owned subsidiary Presidential Life Insurance Company, is engaged in the sale of fixed deferred and immediate annuities, life insurance and accident & health insurance products.
us.rd.yahoo.com 2010-03-11
Presidential Life Appoints William M. Trust, Jr. as Non-Executive Chairman of the Board of Directors (Business Wire)
NYACK, N.Y.----Presidential Life Corporation today announced that its Lead Independent Director, William M. Trust, Jr., has been appointed as Non-Executive Chairman of Presidential Life’s Board of Directors.
us.rd.yahoo.com 2010-03-11
AXA Equitable Launches 'The Source' (PR Newswire)
AXA Equitable Life Insurance Co. has announced the launch of "The Source," a multi-media Web site that complements the company's existing online press room. The primary goal of the new site is to broaden access to AXA Equitable as a resource and thought leader on financial protection and retirement planning.
us.rd.yahoo.com 2010-03-11
MetLife's New Tiered Solution Sm Rider Provides Affordable Protection against Rising Cost of Long-Term Care (Business Wire)
NEW YORK----As part of continuing efforts to help consumers find long-term care insurance solutions that best meet their diverse needs, MetLife today announced that it has introduced Tiered Solution SM, a graded automatic inflation protection rider available with MetLife LTC LifeStage Advantage SM.
us.rd.yahoo.com 2010-03-11
Presidential Life turns 4Q profit on higher sales (AP)
Insurer Presidential Life Corp. said Thursday that it turned a profit for the fourth quarter as revenue surged 87 percent from increased annuity sales and its investment portfolio turned positive.
us.rd.yahoo.com 2010-03-11
Presidential Life Announces Fourth Quarter and Full Year 2009 Results (Business Wire)
NYACK, N.Y.----Presidential Life Corporation today announced results for the fourth quarter and full year period ended December 31, 2009. Presidential Life, through its wholly owned subsidiary Presidential Life Insurance Company, is engaged in the sale of fixed deferred and immediate annuities, life insurance and accident & health insurance products.
us.rd.yahoo.com 2010-03-11
Presidential Life Appoints William M. Trust, Jr. as Non-Executive Chairman of the Board of Directors (Business Wire)
NYACK, N.Y.----Presidential Life Corporation today announced that its Lead Independent Director, William M. Trust, Jr., has been appointed as Non-Executive Chairman of Presidential Lifeâs Board of Directors.
us.rd.yahoo.com 2010-03-11
MetLife Chairman, President & CEO to Speak at Citigroup Conference (Business Wire)
NEW YORK----C. Robert Henrikson, chairman, president and chief executive officer of MetLife, Inc. , will present at the Citi 2010 Financial Services Conference on Wednesday, March 10, 2010 at approximately 8:45 a.m. .
us.rd.yahoo.com 2010-03-10
Assured Guaranty Ltd. Commences Secondary Public Offering on Behalf of Dexia SA (Business Wire)
HAMILTON, Bermuda----Assured Guaranty Ltd. announced that it has commenced a secondary public offering of 16,400,000 AGL common shares owned by Dexia SA .
us.rd.yahoo.com 2010-03-10
Assured Guaranty launches secondary offering (AP)
Assured Guaranty Ltd. said Tuesday that it has launched a secondary offering of 16.4 million shares owned by Dexia SA, but won't receive any of the proceeds.
us.rd.yahoo.com 2010-03-10
Phoenix Launches Indexed Annuity Product Series With "Look Back" Indexed Accounts (Business Wire)
HARTFORD, Conn.----The Phoenix Companies, Inc. is introducing Phoenix Reflections Bonus 10, Phoenix Reflections 10, and Phoenix Reflections 7. All products in the series are single-premium fixed indexed annuities that feature three optional guaranteed minimum withdrawal benefit riders, guaranteed principal protection, and a 10- or 7-year surrender charge schedule .
us.rd.yahoo.com 2010-03-10
Prudential Real Estate and Relocation Services Launches Industry's First Research and Development Laboratory; Introduces New Tools for Affiliate Network (Business Wire)
AUSTIN, Texas----Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. company, one of the largest networks of real estate brokers in the U.S., announced at its annual convention today the launch of the real estate industry’s first research and development laboratory exclusively focused on building a new generation of tools for real estate professionals.
us.rd.yahoo.com 2010-03-09
Dollar slips as support pledged for Greece (AP)
The dollar was mixed against major currencies but slid versus the euro Monday after European leaders said they would back Greece through a debt crisis that has jeopardized the common currency.
us.rd.yahoo.com 2010-03-09
MetLife Executive to Speak at Raymond James Conference (Business Wire)
NEW YORK----Paul Sylvester, senior vice president, U.S. Business for MetLife, Inc. , will present at the Raymond James 31st Annual Institutional Investors Conference on Tuesday, March 9, 2010 at approximately 9:15 a.m. .
us.rd.yahoo.com 2010-03-09
AIG sells Alico unit to MetLife for $15.5 billion (AP)
American International Group Inc. said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.
us.rd.yahoo.com 2010-03-09
Summary Box: AIG's $15.5B Alico sale to MetLife (AP)
THE SALE: American International Group Inc. sold its American Life Insurance Co. division, or Alico, to MetLife Inc. for $15.5 billion. The deal is AIG's second big asset sale in two weeks.
us.rd.yahoo.com 2010-03-09
How the major stock indexes fared on Monday (AP)
Stocks ended mixed after a new round of mergers and acquisitions raised some hope for the economy. Financial shares rose after insurer American International Group Inc. reached a deal to sell one of its major foreign divisions to MetLife Inc. for $15.5 billion.
us.rd.yahoo.com 2010-03-09
Insurance deals boost 2010 M&A activity (AP)
The pace of mergers and acquisitions is gaining speed in 2010 thanks to American International Group Inc. MetLife Inc.'s $15.5 billion deal Monday to buy AIG's American Life Insurance Co., or Alico, brought the total value of dealmaking globally this year to $500.3 billion.
us.rd.yahoo.com 2010-03-09
Summary Box: Stocks end day of quiet trading mixed (AP)
MODEST MOVES: Stocks ended mixed after insurer American International Group Inc. reached a deal to sell one of its major foreign divisions to MetLife Inc. for $15.5 billion. Investors see buyouts as a sign of confidence in the economy.
us.rd.yahoo.com 2010-03-09
Asian markets mostly higher, China Life sparkles (at MarketWatch)
Most Asian markets end higher Tuesday, as Shanghai and Hong Kong shares rise after an upbeat forecast from China Life Insurance Co., while China Southern Airlines Co. jumps on plans to raise funds through a private placement.
us.rd.yahoo.com 2010-03-09
Jackson® Announces Record Sales and Record Profit in 2009 (Business Wire)
LANSING, Mich.----During 2009, Jackson National Life Insurance Company® achieved record sales and deposits of $15.2 billion1 and record IFRS net income of $670 million.2 Total sales and deposits were 8 percent higher than 2008 and consisted entirely of retail products, as no wholesale institutional products3 were sold during the year.
us.rd.yahoo.com 2010-03-09
Manulife Investments renews product allocation approach in partnership with The QWeMA Group (CNW Group)
Manulife Investments has renewed its licensing agreement for a "product allocation" software system, developed and offered by The QWeMA Group, to support Manulife's product allocation approach to retirement income.
us.rd.yahoo.com 2010-03-09
Lincoln Financial Group Enhances Hybrid Variable Universal Life Product (PR Newswire)
The Individual Life segment of Lincoln National Corporation today announced the enhancement of its variable life insurance line with the launch of Lincoln VULONE *, a hybrid product that combines the no-lapse benefits of a universal life policy with the growth potential and protection of a variable policy with guarantees.
us.rd.yahoo.com 2010-03-09
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AIG sells Alico unit to MetLife for $15.5 billion (AP)
American International Group will sell a second overseas life and health insurance unit for $15.5 billion to MetLife Inc. in an ongoing bid to repay billions in government aid.
us.rd.yahoo.com 2010-03-08
MetLife Confirms First Quarter 2010 Preferred Stock Dividends (Business Wire)
NEW YORK----MetLife, Inc. today confirmed its previously announced declaration of the first quarter 2010 dividends of $0.2500000 per share on the company’s floating rate non-cumulative preferred stock, Series A , and $0.4062500 per share on the company’s 6.50% non-cumulative preferred stock, Series B .
us.rd.yahoo.com 2010-03-06
AIG to get $231M if sale of Asian unit crumbles (AP)
American International Group Inc. will receive a termination fee of $230.6 million if the sale of its Asian life insurance business to Britain's Prudential PLC falls through.
us.rd.yahoo.com 2010-03-06
A.I.G. Moves Closer to Sale of Alico
If a deal is reached with MetLife, the sale of Alico would represent another big repayment on the federal government’s bailout of A.I.G.
nytimes.com 2010-03-05
MetLife near $15 billion deal for AIG unit (Reuters)
A tax question holding up American International Group Inc's sale of its foreign life insurance unit to MetLife Inc is expected to be resolved favorably, clearing the way for a roughly $15 billion deal, sources familiar with the matter said on Thursday.
us.rd.yahoo.com 2010-03-05
When Life Insurance Is More Valuable as Cash
A life insurance policy can be turned into cash, but don’t jump on the first offer you get.
nytimes.com 2010-03-04
American Equity Reaches Agreement with SEC Resolving Disclosure Inquiry (Business Wire)
WEST DES MOINES, Iowa----American Equity Investment Life Holding Company , today said the Company, its Executive Chairman, and its Chief Executive Officer reached civil settlements with the Securities and Exchange Commission that end a previously disclosed inquiry into historical disclosures in a Company proxy statement.
us.rd.yahoo.com 2010-03-04
Symetra falls as analysts begin coverage (AP)
Symetra Financial Corp. shares dipped Wednesday as several investment banks began coverage of the insurance company at "Neutral" or similar ratings.
us.rd.yahoo.com 2010-03-04
American Equity execs to pay $1M in SEC probe deal (AP)
American Equity Investment Life Holding Co. on Wednesday said two top executives will pay more than $1 million in penalties as part of a settlement of a Securities and Exchange Commission inquiry into disclosures on a company proxy statement.
us.rd.yahoo.com 2010-03-04
Aviva plc Preliminary Results for the Year Ended 31 December 2009 (Business Wire)
LONDON----Aviva plc : A YEAR OF SIGNIFICANT PROGRESS WITH A STRONG RETURN TO PROFIT Strong financial performance reflects management actions Return to total profit: IFRS profit after tax £1,315m Operating profit £2,022m on an IFRS basis ; £3,483m on an MCEV basis IGD solvency surplus more than doubled to £4.5bn Group return on equity 16.2% Total dividend per share of 24 pence Proven strategy delivering results Reshaped composite portfolio: successful IPO of Delta Lloyd realised €1.1 billion; sale of subscale Australian life business for 16 times IFRS profits Strategic restructuring: sustainable cost savings target of £500m exceeded one year early; 19% global headcount reduction over two years Delivering for our customers: successful move to a single global brand; customer numbers up at 53 million and customer satisfaction increased Clear plans to drive value, earnings and dividend Capitalise on leadership positions to grow our business, with a primary focus on UK and Europe Rigorous allocation of capital to deliver highest returns Build value in our customer franchise by exploiting global brand and expertise Grow our general insurance portfolio and lower our combined operating ratio Leverage improved investment performance to grow third party assets under management
us.rd.yahoo.com 2010-03-04
Fitch affirms Sun Life Financial's ratings (AP)
Fitch on Tuesday affirmed its ratings for Sun Life Financial and its subsidiaries, but maintained a negative outlook on the company.
us.rd.yahoo.com 2010-03-03
AXA Equitable Names Kermitt Brooks Associate General Counsel (PR Newswire)
AXA Equitable Life Insurance Co. announced today that Kermitt Brooks, most recently an official with the New York State Insurance Department , has been named Associate General Counsel responsible for the insurance products practice group with the AXA Equitable law department.
us.rd.yahoo.com 2010-03-03
FBL Financial Group to Present at Raymond James Institutional Investors Conference (Business Wire)
WEST DES MOINES, Iowa----FBL Financial Group, Inc. today announced that James E. Hohmann, Chief Executive Officer, and James P. Brannen, Chief Financial Officer, will be presenting at the Raymond James 31st Annual Institutional Investors Conference in Orlando, FL on Tuesday, March 9, 2010.
us.rd.yahoo.com 2010-03-03
Retiring Americans Face $260,000 in Health Care Costs (Business Wire)
NEWARK, N.J.----Health care costs for retiring Americans, including nursing home care, average $260,000 and can exceed $500,000, according to new research conducted by the Center for Retirement Research at Boston College and underwritten by Prudential Financial .
us.rd.yahoo.com 2010-03-03
MetLife Launches Center for Special Needs Planning (Business Wire)
NEW YORK----MetLife, the nation’s largest life insurer, announced today that its nationwide group of highly trained Special Needs Planners serving families and individuals will operate under a new name, the MetLife Center for Special Needs PlanningSM.
us.rd.yahoo.com 2010-03-03
Britain's Prudential to buy AIA for $35.5 billion (at MarketWatch)
Britain's Prudential is buying American International Group's Asia operations for $35.5 billion in cash and shares in a deal that will make it the leading insurer in Southeast Asia and let the U.S. insurer pay back a sizeable chunk of government assistance.
us.rd.yahoo.com 2010-03-02
Torchmark Corporation Declares Dividend and Resumes Stock Repurchases (PR Newswire)
Torchmark Corporation announced that its Board of Directors has declared a quarterly dividend of $.15 per share on all of the outstanding common stock of the Company held of record as of the close of business of the Company's transfer agent on April 2, 2010. Â The dividend will be paid on April 30, 2010.
us.rd.yahoo.com 2010-03-02
Genworth Life Insurance Company Welcomed as New FHLBank Pittsburgh Member (Business Wire)
PITTSBURGH----The Federal Home Loan Bank of Pittsburgh today announced that Genworth Life Insurance Company has been added as its newest member.
us.rd.yahoo.com 2010-03-02
Rates hold to tight range on mixed reports (AP)
Interest rates were little changed in the bond market Monday after economic reports and a possible bailout for Greece kept traders from making big moves.
us.rd.yahoo.com 2010-03-02
Torchmark to pay dividend, resume share buybacks (AP)
Life and health insurer Torchmark Corp. said on Monday that it would pay a 15-cent dividend on April 30 for shares held at the close of business April 2.
us.rd.yahoo.com 2010-03-02
AIG to sell Asian life insurer to repay bailouts (AP)
American International Group Inc. is selling a cornerstone of its business, Asia-based life insurer AIA Group, in a government-approved $35.5 billion deal. The sale to British insurer Prudential PLC could reduce by nearly one-fifth the amount of federal bailout money still invested in struggling AIG.
us.rd.yahoo.com 2010-03-02
London Markets: Prudential extends drop from AIG deal (at MarketWatch)
Several insurance companies lost ground in London on Tuesday, with Prudential and Admiral Group trading lower in a stronger market.
us.rd.yahoo.com 2010-03-02
Middle Boomers: A Separate Demographic Group (Business Wire)
WESTPORT, Conn.----For decades, American Baby Boomers have been characterized as a bloc of people who think and act as one monolithic generation. However, recent data from the MetLife Mature Market Institute®, show that Young, Middle and Older Boomers grew up during disparate “eras” and are now at different stages in their lives.
us.rd.yahoo.com 2010-03-02
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