Life and annuity issuers appeared somewhat quiet within the first quarter.
Was that as a result of they had been nervous about Washington, dealing with asset administration points, or simply too busy promoting new annuities?
Traders are about to get new knowledge, when the publicly traded issuers publish 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 purchasers.
Public corporations: In the USA, dozens of life insurers, together with giants resembling New York Life and MassMutual, are “mutual insurers,” that means that they’re owned by their policyholders.
Others are owned by people, households or small investor teams and are categorised as “privately held.”
Mutual insurers and privately held insurers could put together monetary experiences based mostly 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 corporations” and requires them to launch quarterly and annual outcomes ready utilizing the Monetary Accounting Requirements Board’s U.S. usually accepted accounting ideas.