For the first quarter of 2011, Lincoln Financial Group has reported a net income of $339 million, beating its 2010 first quarter earnings by $56 million. According to the company’s CEO, Dennis Glass, Lincoln reported a strong quarter due to its “trend of strong sales and margins, and growing account balances stemming from positive...
Read More »
The Metropolitan Life Insurance Company, which is commonly referred to as MetLife, is an international leader in the insurance and financial services industries since they were first founded in 1868. The company employs over 65,000 people across the world and continues to bring in profitable returns for their investors. This past week the company...
Read More »
All of the experts agree that Social Security and Medicare can not remain solvent for many more years unless there is a dramatic change in the way the government administers the program. While senior citizens and the disabled that are already collecting Social Security benefits probably will continue to receive their monthly checks without...
Read More »
On Tuesday, March 29, MetLife Institutional Funding II sold a massive amount of three-year floating-rate notes. Together, the value of the notes totaled roughly a billion dollars. This value, determined by Reuters, is based on the 144A private placement market. Each floating rate note was sold at a price of $100. The notes will...
Read More »
The Retirement Services Division of MassMutual is announcing that it will sponsor an online seminar entitled “Conquer the New World of 403(b) Retirement Plans”. This important webcast will be held on Thursday May 5th 2011 from noon to 2pm Eastern Standard Time. The changing conditions of the American economic landscape are motivating individuals to...
Read More »
The American International Group, or AIG, was one of the most successful insurance and financial services providers for nearly 100 years. However, during the Great Recession of 2008 and 2009 the company suffered financially and eventually had to be bailed out by the federal government. The government ended up investing nearly $180 billion in...
Read More »
After a steep decline in annuity rates following the subprime mortgage crisis in 2006, the annuities market has seen a significant six percent increase in average rates. For this reason, individuals purchasing retirement benefits should seriously consider these investments at this time, and retirees should prepare to transfer money from other accounts into annuities...
Read More »
After a steep decline in annuity rates following the subprime mortgage crisis in 2006, the annuities market has seen a significant six percent increase in average rates. For this reason, individuals purchasing retirement benefits should seriously consider these investments at this time, and retirees should prepare to transfer money from other accounts into annuities...
Read More »
The European arm of the Metropolitan Life Insurance Company announced in February that it had appointed the Capita Group PLC to be a strategic outsourcing partner for the insurer’s business interests in the United Kingdom. Under the terms of the agreement which is calculated to be worth one hundred and twenty million sterling pounds,...
Read More »
American International Group Inc. (AIG) is currently planning to sell its stake in MetLife Inc., the largest life insurance company in the US and a major annuities provider, in part to raise capital to pay back US taxpayers faster than expected. The company has been troubled since the 2008 liquidity crisis caused by the...
Read More »
If you are interested in joining our mailing list, please submit your email below.
