SunAmerica

SunAmerica is a company that is entirely focused on products and services that serve the retirement income market. 

Founded in 1890, SunAmerica consists of a group of companies that operate under the SunAmerica Financial Group.

The SunAmerica Financial Group is owned by American International Group (AIG).  AIG purchased SunAmerica in 1999 for $18.3 billion in stock.

Over the past several decades, SunAmerica has been active in the development of variable annuities with guaranteed retirement income solutions designed to help meet the lifetime income needs of investors at or near retirement.

SunAmerica now serves over a half million individuals and the company continues to grow steadily.

SunAmerica Product Reviews
Product Review of Polaris Platinum III
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Product Review of Polaris Advisor III
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Product Review of Polaris Advisor III
Anyone know why SunAmerica's Polaris Advisor III? SunAmerica refers to their...
Product Review of Polaris Advantage
Sunamerica offers optional benefits that can be attached to any of their...
Products Offered


General Information
Websitehttps://www.sunamerica.com/
TypeInsurance Company
Founded1890
Ownership
CountryUSA
Contact Information
Address21650 Oxnard St
Woodland Hills, CA 91367
Phone800-445-7862
Fax

Information & Articles about SunAmerica

Despite a barrage of negative press, it appears that SunAmerica’s measured approach to the variable annuity business is demonstrating that the successful production of variable annuities is similar to most other lines of insurance.

The Hartford’s recent decision to exit the variable annuity business entirely is attributable in part to their management’s (under significant shareholder pressure) view that the VA business is capital intensive and has relatively unattractive economics compared to certain property and casualty lines.

Similarly, MetLife’s recent investor presentation focuses in part on the company’s decision to dial-down their variable annuity offerings in light of market volatility, capital intensity and return on equity levels that are less attractive than other product lines in their portfolio.

In a recent Bloomberg interview, though, AIG CEO Robert Benmosche discusses SunAmerica’s continued traction in the U.S. variable annuity market.

Benmosche sums-up their position through a tortiose and hare analogy. Slow and steady wins the race, and the tortoise is now pulling ahead in what has become a much more rational pricing environment for variable annuities.

Like any insurance business, grabbing market share at any price will ultimately come back to haunt while pricing appropriately for a given risk and having the stomach to turn away business is what will win in the end.

Source: Bloomberg


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