Prudential Financial Inc., the No. 2 U.S. life insurer, posted net income of $1.09 billion in the first quarter driven by results at the U.S. unit.

New York Life Insurance Co., which built the Marketfield Fund into the largest U.S. alternative mutual fund, is seeking additional offerings that allow clients to bet on more than gains in stocks and bonds.

Aflac posted first-quarter profit that beat analysts estimates, sending shares higher.

Private equity funds are probably too complicated for the average investors retirement account, according to Principal Financial Group Inc., which provides the plans to 3.8 million people.

MetLife Inc., the largest U.S. life insurer, will pay $60 million after New York watchdogs found subsidiaries solicited business in the state without a license and made intentional misrepresentations to regulators.

Symetra Chief Executive Officer Tom Marra and Fidelity & Guaranty CEO Lee Launer have lauded Iowas approach to indexed insurance products, which some consumer groups have criticized as potentially risky retirement vehicles.

Axa Equitable changed the investment strategy for some variable annuities sold earlier, limiting potential returns for customers without providing adequate notice to regulators, the New York Department of Financial Services said/

The insurer revamped pay plans for executives last year to link compensation to performance after the end of restrictions tied to a U.S. government bailout.