Excerpt:
Executives are hoping that Fed interest rate increases could increase the yields on insurers’ huge investment portfolios.
Higher rates could be a good thing for Prudential, the company’s vice chairman told analysts.
MetLife’s CEO said higher short-term rates could mean a flatter yield curve that would be less favorable to life insurers.
Author(s): Allison Bell
Publication Date: 4 Feb 2022
Publication Site: Think Advisor