Tax Reform a Mixed Bag for Life Insurers
October 17, 2017 by Cyril Tuohy
The Trump administration’s tax reform plan to cut corporate tax rates will generally favor life and annuity companies, but could cause some executives to take a more conservative management approach, analysts say.
The White House is pressing Congress to pass a plan by the end of the year, but some legislative analysts remain skeptical that anything would be passed before 2018 at the earliest.
“Tax reform is likely to be a modest positive for life insurers’ earnings and cash generation,” wrote Morgan Stanley analyst Nigel Dally in a research note last week.
Click HERE to read the full story via INN; registration required.