Surrenders expected to rise at Corebridge, new RILA already selling strong
February 19, 2025 by John Hilton
Corebridge Financial saw its fixed annuity surrender rate drop to 9.7% in the fourth quarter. That’s the good news.
Then Elias Habayeb, chief financial officer, delivered the bad news to Wall Street analysts on a conference call Thursday morning.
“We expect to see our surrender rate increase in the coming year with large lots of fixed and fixed index annuities exiting the surrendered charge period,” he said.
Originally Posted at InsuranceNewsNet on February 14, 2025 by John Hilton.
Categories: Industry Articles
