Hartford Financial Services Group Inc. will probably expand share repurchases after agreeing to sell its Japanese operations to Orix Corp. for about $895 million.
Insurance companies are fighting the legacy of American International Group Inc. as they seek to avoid being branded systemically risky and the extra supervision that comes with that designation.
Prudential Financial Inc. is spending about $57 million to reward workers after topping Chief Executive Officer John Strangfeld’s profitability goal last year.
American International Group Inc., the insurer majority-owned by the U.S. Treasury Department, said profit increased 27 percent on investments and improvements at its property-casualty unit.
Principal Financial Group Inc., the insurer that last month agreed to buy a Chilean pension provider, fell the most in the KBW Insurance Index after giving a 2013 outlook that fell short of some estimates.
Prudential Financial Inc., the second- largest U.S. life insurer, posted the biggest decline in the Standard & Poor’s 500 Index after first-quarter results missed analysts’ estimates.
Aflac Inc., the largest seller of supplemental health insurance, is betting on Japanese government debt in a retreat from a plan it put in place a year ago.
"There are times when everything goes your way- this was one of those quarters for SFG."
- John Nadel on Oct 23, 2014