Earnings

Jackson National is the latest in a list of insurance companies to report strong earnings and annuity sales. Jackson National Life Insurance Company reported sales and deposits of $6.1 billion during the first six months of 2009. Variable annuity sales were $3.8 billion for the first two quarters. Fixed annuity sales were also strong at $1.9 billion. Source: Investment News Full Story

Allianz Life reported record earnings for the second quarter of 2009. The company reported earnings of $414 million--a 77% year over year increase. Allianz also reported that the company's ratings have been reaffirmed by both Moody's and S&P. Source: Business Wire Full Story...

Prudential Financial announced quarterly earnings that exceeded analyst estimates. Second quarter net income for the company was $163 million. Prudential's individual annuity business posted strong results. Individual annuity gross sales increased 21 percent to $3.4 billion for the quarter. Adjusted operating earnings in the individual annuity business were $432 million. Source: Bloomberg Full Story

Life and annuity insurer MetLife reported strong operating results for the second quarter. Earnings from operations exceeded analyst forecasts and came in at $723 million for the quarter. Derivatives losses of $1.8 billion affected reported net income . MetLife's variable annuity business is strong with deposits increasing 27% to a record $4.5 billion in the second quarter of 2009. This stands in contrast to rival Hartford Financial which reported variable annuity deposits of $701 million for...