Deferred Annuity Payments Receive Tax Break from Small Business Jobs Act
Owners of non-qualified deferred annuities will benefit from a provision included in the recently passed Small Business Jobs Act of 2010.
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Earnings
Hartford Financial Swings to Profit on Strong Annuity Business
The Hartford Financial Services Group recently reported net income of $319 million for the most recent quarter. This represents a $1.5 billion swing from the $1.2 billion loss reported a year earlier. The company raised its earnings outlook and reported strength in its U.S. annuities business which reported $153 million in net income. Source: Reuters Full Story
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MetLife Reports Strong Earnings on Jump in Investment Income
U.S. annuity industry leader MetLife reported strong earnings and provided an optimistic outlook for the remainder of 2010. Metlife reported a 12 percent increase in revenue to $8.8 billion during the most recent quarter. The revenue and earnings picture was aided by a 31 percent increase in investment income .
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Western National
Short Company Name:
Western National
Long Company Name:
Western National
Western National Life Insurance Company was founded in 1944 and is located in Houston, Texas.
The company was named as American General Annuity Insurance Company between 1998 and 2009. It was one of the first insurance companies to offer fixed annuity products specifically for sale through banks and has been the leader in that market for several years.
Western National Life Insurance Company’s product range includes traditional fixed and indexed tax-deferred annuities and single premium income annuities. Below is a brief overview of its products:
Company Type:
Insurance Company
Web Site:
Phone Number:
1-800-424-4990
Fax Number:
806-342-1802
Year Founded:
1944
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Sagicor Life
Short Company Name:
Sagicor Life
Long Company Name:
Sagicor Life Insurance Company
Company Type:
Insurance Company
Web Site:
Phone Number:
800-531-5067
Fax Number:
480-425-5126
Year Founded:
1840
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Ticker Symbol:
SFI.L
