Ratings agency A.M. Best expects that the U.S. Department of Labor’s fiduciary rule will be one of the market forces exerting downward pressure on publicly traded life and annuity insurers.
In a Best Special Report titled “Pressures Remain for Publicly Traded Life/Annuity Insurers,” the agency said that although they experienced a “moderate” increase of 2.0 percent in the fourth quarter of 2015, the stock prices of publicly traded U.S. life/annuity insurers saw their stock prices decline 6.4 percent in the first quarter of 2016.
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