S&P Expects More Big Life Insurer ‘Assumption Unlocking’ Charges
November 22, 2022 by Allison Bell
More life insurers could soon announce the kinds of big, “non-cash” charges that Lincoln Financial and Prudential Financial put in their earnings for the third quarter, an S&P Global Ratings analyst said today.
Carmi Margalit, the life insurance sector lead at S&P Global, predicted that the charges will make earnings reports based on publicly traded companies’ U.S. generally accepted accounting principles (GAAP) look ugly.
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Originally Posted at ThinkAdvisor on November 22, 2022 by Allison Bell.
Categories: Industry Articles