2024-05-26 21:54:51 ET
Summary
- There were strong Q1 annuity sales, with a 21% increase from the previous year, according to LIMRA.
- Insurance providers generally benefit from this demand boom for protective investment solutions amid a stabilizing fixed-income market.
- I am upgrading shares of Lincoln National from a hold to a buy based on positive earnings and valuation forecasts and improved share-price momentum.
- I outline key price levels to monitor following a breakout late last year.
It was another stellar quarter for domestic annuity sales. According to LIMRA , total US annuity sales totaled $113.5 billion from January through March, a 21% jump from the same period a year earlier. It was barely under Q4 2023’s record sum and the strongest first quarter since LIMRA began tracking data in the 1980s. ...
Read the full article on Seeking Alpha
For further details see:
Lincoln National: Surging Industry Annuity Sales A Boon, Q1 Results Mask Positive Trends