U.S. life insurance and annuity writers achieved record levels of capitalization, maintained strong liquidity and posted improved earnings in 2021 despite historically low interest rates, inflationary headwinds and continued pandemic uncertainty, according to a new AM Best report.
Results of strategic review initiated by activist investor mean big changes for Des Moines-based global financial company, which will now focus on its higher-growth businesses in effort to make it a more capital-efficient company.