NWL is being acquired; it will be interesting to see what this means for the companies
October 10, 2023 by Sheryl J. Moore
Well, I guess Ross Moody has some extra time on his hands now.
As of 2Q2023, the companies have a combined market share of 1.18% of the $79.7 billion deferred annuity market. They also hold 0.39% of the $914.3 million in non-variable UL sales.
Prosperity’s subsidiaries sell MYGAs and indexed annuities. The same can be said for NWLIC, which also sells traditional fixed annuities. On the life side, Prosperity Group operates in the whole life and UL markets, while NWLIC sells indexed life. They both play in the same distribution channels.
It will be interesting to see what this means for the companies moving forward. -sjm