5 Reasons Annuity Issuers Want Us to Stop Worrying
May 15, 2023 by Allison Bell
The world, the stock market and banks went through some things in the first quarter. Accounting rules made life insurers put estimates of future fluctuations in the value of assets and benefits in current earnings, and that made some life insurers’ net income figures look awful.
Lincoln Financial, for example, reported a $909 million net loss for the first quarter, but $260 million in adjusted income from operations, and $883 million of the net losses were the result of the “mark to market” account rules.
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