A tough competitive environment and exposure to market fluctuations make life insurance firm bonds less stable than many investors believe.
With the U.S. market for life insurance mature, firms are increasingly looking to Asia for growth, says Morningstar's Drew Woodbury.
News this week showed market players paying up for media assets, paying out for tax relief, and more.
Disciplined underwriting may be holding back this specialty insurer's stock in the short term, but its profitability could multiply when the market hardens.
The question naturally arises from Canadian life insurer Sun Life Financial’s decision to unload its U.S. annuity business for $1.35 billion, and recent shakeups in the annuity business.
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