News
Higher-for-Longer Rates Are a Gift for Life Insurers. Met Life and Prudential Are Cashing In.
2+ hour, 35+ min ago (307+ words) When interest rates were near historical lows, Met Life (MET +3. 28%) and Prudential (PRU +1. 69%) had a problem. They had made promises about future payments, but miserly interest rates made it more difficult to fulfill them profitably. Now that rates have increased…...
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