M2 EQUITYBITES-June 4, 2018-Voya Financial Closes Sale of Insurance and Annuity Unit
revenue increased 3%, year-over-year, to $638 million, and annuity unit
pretax operating income increased 17%, to $148 million.
The Charlotte, North Carolina-based life and annuity unit
of MetLife Inc.
Global Banking News-April 3, 2015--Genworth seeking buyers for life and annuity unit
Prior to joining Lincoln, Rhodes was head of hedging operations and performance management for the retail annuity unit
of ING U.S.
In other words, the dollar amount of each payment depends on the dollar value of a retirement income unit (also called an annuity unit
) when the payment is made.
That growth continued into this year, as MetLife said it would acquire for $11.5 billion Citigroup's Travelers Life & Annuity unit
and nearly all of Citigroup's international insurance businesses in a transaction that would make it North America's largest individual life insurer based on sales.
* Finally, the initial income paymentis divided by the value of the annuity unit
for each subaccount chosen.
28 April 2014 - Japanese financial services group Orix Corp (NYSE:IX) on Monday said its agreed deal to buy US The Hartford Financial Services Group Inc's (NYSE:HIG) fully-owned Japanese annuity unit
Hartford Life Insurance KK (HLIKK) will boost the business of its Orix Life Insurance Corp.
Overall growth in commissions at Allstate Life Insurance Company was due to the merger of its Glenbrook Life & Annuity unit
into Allstate on Jan.
MetLife is buying Citigroup Inc.'s Travelers Life & Annuity unit
and nearly all of Citigroup's international insurance businesses.
is spinning off its Brighthouse Financial individual life and annuity unit