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Best’s Market Segment Report: US Life/Annuity Insurers Flex Muscles in 2022, Remain Well-Positioned for 2023 Challenges

Wink Intel

.–( BUSINESS WIRE )–Despite equity market volatility, inflationary pressure and rapid interest rate hikes, U.S. Unrealized losses spiked significantly to $20.1 life insurance and annuity writers posted a 17% increase in net income to $31.7 Statutory capital and surplus dropped 2.1%

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The Advantages of SaaS for Data Security Strategies

Smart Data Collective

Gartner projects that global public cloud end-user spending is set to grow by 23 percent in 2021 with SaaS as the biggest market segment, which is set to expand to a $122.6 billion market. Also, data loss and theft are becoming more prominent as organizations move to the cloud. million (in the US) on average.

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Lincoln Financial Group Reports 2024 Second Quarter Results

Wink Intel

Life Insurance reported an operating loss of $(35) million, compared to operating income of $33 million in the prior-year quarter, driven by lower alternative investment income and the $(28) million impact from the Fortitude Re reinsurance transaction. Total sales were $3.8

Loss 40
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Corebridge Financial Announces Third Quarter 2023 Results

Wink Intel

billion, a 13% decrease over the prior year quarter. I want to thank all of our employees and partners who made our first year as a public company such a successful one.“ billion, a 13% decrease over the prior year quarter.

Loss 40
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Corebridge Financial Announces Second Quarter 2023 Results

Wink Intel

Going into the second half of the year, we remain focused on executing our strategies and optimizing our capital to generate long-term growth in shareholder value.” billion as of June 30, 2023 Financial leverage ratio of 28.0% Life Fleet RBC Ratio estimated to remain above our 400% target Adjusted book value per share 1 of $36.44

Loss 40
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Lincoln Financial Group Reports 2024 First Quarter Results

Wink Intel

Life Insurance reported an operating loss of $(35) million, compared to a loss of $(13) million in the first quarter of 2023. Excluding the impact of these items, Annuities generated earnings of $290 million, its highest earnings quarter in nearly two years. Ending account balances increased 5% sequentially.

Loss 40
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Lincoln Financial Group Reports 2023 Fourth Quarter and Full Year Results

Wink Intel

Net loss available to common stockholders was $(1.2) billion of the net loss, or $(4.71) per diluted share, primarily due to changes in market risk benefits driven by lower interest rates, which more than offset the benefit of higher equity markets. $(0.6) RADNOR, Pa.–( billion, or $(7.35) per diluted share.

Loss 40