The rise in benchmark corporate bond interest rates, used to value pension liabilities, allowed the 100 companies in the Milliman index to lower their obligations by $47 billion.
Toronto Dominion Bank will sell its American insurance holdings to USI Insurance Services, which hopes the acquistion will boost its revenues by $58 million a year.
The Hartfords first quarter net income was down 81 percent to $96 million, compared with $501 million in the first quarter of 2011.
DebugScreen: mobile
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"author": {
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"estimate": 12,
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"articles": [
{
"uri": "/2013/09/30/18-of-the-workforce-could-retire-within-five-years/",
"title": "18% of the workforce could retire within five years",
"byline": "Michael K. Stanley",
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"prettyDate": "September 30, 2013",
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"authors": [
{
"webUrl": "/author/profile/michael-k-stanley/",
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],
"kickerNode": [],
"summary": "Researchers concluded that in many industries, individuals will retire at 61 despite theories suggesting otherwise.",
"body": null
},
{
"uri": "/2013/07/11/corporate-pension-funded-status-improves-in-june-412-39829/",
"title": "Corporate pension funded status improves in June",
"byline": "Michael K. Stanley",
"kicker": "",
"prettyDate": "July 11, 2013",
"timeToRead": "2 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/michael-k-stanley/",
"name": "Michael K. Stanley"
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],
"kickerNode": [],
"summary": "The rise in benchmark corporate bond interest rates, used to value pension liabilities, allowed the 100 companies in the Milliman index to lower their obligations by $47 billion.",
"body": null
},
{
"uri": "/2013/06/06/limra-projects-a-retirement-boom-post-boomers/",
"title": "LIMRA projects a retirement boom post boomers",
"byline": "Michael K. Stanley",
"kicker": "",
"prettyDate": "June 06, 2013",
"timeToRead": "2 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/michael-k-stanley/",
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],
"kickerNode": [],
"summary": "Guess what? The number of Americans reaching 65 years old each year will continue to grow beyond the boomer generation.",
"body": null
},
{
"uri": "/2013/01/24/sun-life-lauded-for-its-environmental-stance/",
"title": "Sun Life lauded for its environmental stance",
"byline": "Michael K. Stanley",
"kicker": "",
"prettyDate": "January 24, 2013",
"timeToRead": "1 minute",
"image": {
"uri": "",
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},
"authors": [
{
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}
],
"kickerNode": [],
"summary": "The company is the only North American financial firm to make the list of top sustainable corporations, announced at the Davos World Economic Forum.",
"body": null
},
{
"uri": "/2012/08/27/td-bank-sells-us-insurance-business-to-usi/",
"title": "TD Bank sells US insurance business to USI",
"byline": "Michael K. Stanley",
"kicker": "",
"prettyDate": "August 27, 2012",
"timeToRead": "1 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/michael-k-stanley/",
"name": "Michael K. Stanley"
}
],
"kickerNode": [],
"summary": "Toronto Dominion Bank will sell its American insurance holdings to USI Insurance Services, which hopes the acquistion will boost its revenues by $58 million a year.",
"body": null
},
{
"uri": "/2012/07/20/massmutual-teams-with-design-school-to-reach-young/",
"title": "MassMutual teams with design school to reach younger retirement audience",
"byline": "Michael K. Stanley",
"kicker": "",
"prettyDate": "July 20, 2012",
"timeToRead": "2 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/michael-k-stanley/",
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],
"kickerNode": [],
"summary": "The company's Retirement Services Division is working with Rhode Island School of Design students to promote retirement planning among 20-somethings.",
"body": null
},
{
"uri": "/2012/06/12/gm-deal-a-credit-negative-for-prudential/",
"title": "GM deal a credit negative for Prudential",
"byline": "Michael K. Stanley",
"kicker": "",
"prettyDate": "June 12, 2012",
"timeToRead": "2 minute",
"image": {
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},
"authors": [
{
"webUrl": "/author/profile/michael-k-stanley/",
"name": "Michael K. Stanley"
}
],
"kickerNode": [],
"summary": "Moody's says that the agreement between General Motors and Prudential to provide income annuities for GM pensioneers is a downgrade for the insurer.",
"body": null
},
{
"uri": "/2012/05/25/ubs-says-metlife-has-great-outlook-but-over-time/",
"title": "UBS says MetLife has 'great outlook, but over time'",
"byline": "Michael K. Stanley",
"kicker": "",
"prettyDate": "May 25, 2012",
"timeToRead": "2 minute",
"image": {
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},
"authors": [
{
"webUrl": "/author/profile/michael-k-stanley/",
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],
"kickerNode": [],
"summary": "Analysts at UBS Investment Research took a look at MetLife during Investor Day and concluded that the company has a great outlook, but over time.",
"body": null
},
{
"uri": "/2012/05/16/massmutual-expands-db-plan-termination-services/",
"title": "MassMutual expands DB plan termination services",
"byline": "Michael K. Stanley",
"kicker": "",
"prettyDate": "May 16, 2012",
"timeToRead": "2 minute",
"image": {
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},
"authors": [
{
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],
"kickerNode": [],
"summary": "More could be done to ease the administrative burden of servicing DB plans through the termination phase, the company discovered.",
"body": null
},
{
"uri": "/2012/05/03/hartford-first-quarter-profit-falls-81-percent/",
"title": "Hartford first quarter profit falls 81 percent",
"byline": "Michael K. Stanley and Chad Hemenway",
"kicker": "",
"prettyDate": "May 03, 2012",
"timeToRead": "4 minute",
"image": {
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"authors": [
{
"webUrl": "/author/profile/michael-k-stanley/",
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{
"webUrl": "/author/profile/chad-hemenway/",
"name": "Chad Hemenway"
}
],
"kickerNode": [],
"summary": "The Hartfords first quarter net income was down 81 percent to $96 million, compared with $501 million in the first quarter of 2011.",
"body": null
}
]
}
}
