The Life Insurance Industry derives much of its income from the spread between longer term and shorter term interest rates. When the Fed cut rates, for the first time in four years, the lower rates fell below longer term rates. So life insurance companies can pay lower guaranteed rates to universal policy holders and annuity holders while investing in higher yielding longer term rates. Still the current rate environment has improved from bad to moderate
International growth remains an opportunity for growth.
Companies in the Life Insurance Industry (27)