MetLife continued as the No. 1 life insurance
writer for third-quarter 2012, despite
experiencing a nearly 10 percent decrease
in life premiums.
SNL Financial reports
that overall, life premiums stayed flat
in the third quarter. Premiums declined at
MetLife Inc., Lincoln National Corp., New
York Life Insurance Co. and Prudential
Financial Inc. Those declines offset gains
made by other top 10 U.S. life insurers in
the third quarter.
Lincoln saw a 15 percent decline in life
premiums in the third quarter, which president
and CEO Dennis Glass attributed to the
company’s ongoing efforts to “aggressively
re-price guaranteed universal life” business.
New York Life reported an increase
in sales of recurring premium whole life
insurance but total life premium for the
company declined 6.5 percent, according