Analysts: 3Q a Likely Downer for Life Insurers
October 20, 2015 by Cyril Tuohy
A limp stock market, low interest rates and the strong dollar affecting non-Yen denominated holdings will likely make the third quarter earnings season a tough one for the life sector, according to a pair of analysts.
The developments caused life insurance company analysts at Keefe, Bruyette & Woods to trim third-quarter earnings estimates for life insurance carriers by 3 percent. They shaved full-year 2016 and 2017 earnings estimates by 2 percent each year. Click HERE to view article
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