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Insurance

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Investors, markets on edge as outcome of presidential election remains uncertain

The early uncertainty following Tuesday’s presidential election left investors and many in the business community waiting and watching as markets and treasury yields went through gyrations matched only by the sharp swings as ballots continued …

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Athene Q3 net income up, total growth ‘on pace to exceed $50B’ in 2020

Athene Holding Ltd. reported net income for the third quarter of $622 million, or $3.16 per common share, compared with $276 million, or $1.50 per share, for third quarter 2019. The increase was driven by higher adjusted …

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Open enrollment under way for Marketplace health plans

Open enrollment for Marketplace health insurance, available through the provisions of the Affordable Care Act, began this week and will continue through Dec. 15. This year is expected to be a busy year for enrollment …

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Actuarial adjustments boost third-quarter net income for American Equity

American Equity Investment Life Holding Co. a leading issuer of fixed index annuities based in West Des Moines, reported third quarter 2020 net income of $661.3 million, or $7.17 per diluted common share, compared to net income …

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Survey: Retirees cautious about Covid’s long-term impact on economy

Today’s retirees are staying the course with their savings and investing decisions despite the economic uncertainty brought on by the escalation of the COVID-19 pandemic and upcoming U.S. election, according to a recent survey by …

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Medical association report: U.S. health insurance markets ‘even more highly concentrated’

Commercial health insurance markets in the United States have become even more concentrated than they were five years ago, according to an annual report released last week by the American Medical Association. As those markets …

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Venerable’s assets to double with $12 billion Equitable reinsurance deal

New York-based Equitable Holdings Inc. announced it will transfer financial risk for $12 billion of retirement-income annuities to reinsurer Venerable Holdings Inc., as life insurers continue to reduce exposures on their books in a challenging …

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Principal reports lower year-over-year earnings in third quarter

Principal Financial Group on Monday announced third-quarter net income of $236 million, or 85 cents per share, down from $277.1 million, or 98 cents per share in the prior-year quarter. The third-quarter 2020 earnings figures reflected “significant …

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Medical association report: U.S. health insurance markets ‘even more highly concentrated’

Commercial health insurance markets in the United States have become even more concentrated than they were five years ago, according to an annual report released last week by the American Medical Association. As those markets …

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American Equity rejects Athene/MassMutual takeover bid, enters partnership with Brookfield

American Equity Investment Life Holding Co. on Sunday rejected a $3 billion takeover offer by Athene Holding Ltd. and MassMutual, and instead announced it reached a partnership with Brookfield Asset Management Inc., the Wall Street Journal …