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Cigna reports $1.3 billion quarterly profit and lifts 2025 forecast
[ad_1] The increase, the company said, was mainly due to “expected higher stop loss medical costs” and the lingering impact of Medicare Advantage operations that Cigna has since divested. The sale of its Medicare businesses to Health Care Service Corporation (HCSC), parent of several Blue Cross and Blue Shield plans, closed in late March. That…

NAIC says new RBC task force to convene at spring meeting
[ad_1] The ACLI has supported a transparent, data-driven approach to RBC processes, Haughawout said, adding that the task force is well-positioned to advance this effort. She also noted that the task force’s first organization call had more than 300 participants, reflecting significant interest in its work. [ad_2] Source link

Jackson launches new fixed index annuities with built-in income guarantees
[ad_1] Suite offers lifetime withdrawals, daily roll-ups, and premium bonuses to support retirees [ad_2] Source link

Ascot’s Lloyd’s Syndicate 1414 sees profit decline in 2024
[ad_1] Decline due to heavy catastrophe losses and the Baltimore bridge disaster [ad_2] Source link

New Jersey becomes 50th state to adopt best-interest standards for annuities
[ad_1] New rules aim to protect buyers by aligning with SEC and NAIC guidelines [ad_2] Source link

American National halts life policy sales amid strategic business shift
[ad_1] Carrier to prioritize growth areas after substantial net loss [ad_2] Source link