5 Things Annuity Issuer Executives Are Saying Now
February 12, 2020 by Allison Bell
Top executives at some big U.S. annuity issuers say they’re happy with how the annuity units have been doing but have noticed that interest rates have fallen.
The executives have been talking about the return of falling rates over the past week, in conference calls with securities analysts.
Typical “publicly traded” insurers — the kinds with shares of stock that trade on the New York Stock Exchange or Nasdaq — hold analyst calls every three months, to go over their earnings and discuss what the future may hold.
New York Life Insurance Company, Pacific Life, Thrivent and many other big annuity issuers are missing from the list of insurers that hold earnings calls. They are not public companies, and they do not have to court securities analysts.
But the views of the executives at the companies that do hold the calls may give outsiders a glimpse of what executives throughout the industry are thinking. Agents, brokers and others can listen to the calls by going to the events area in a publicly traded insurer’s investor relations website section.