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Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Releases 2021 Sector Outlook: U.S. Life Insurance
January 7, 2021 GMT
Kroll Bond Rating Agency (KBRA) releases its U.S. Life Insurance 2021 Sector Outlook.
The year 2020 brought about unprecedented and unexpected challenges. KBRA believes that the U.S. life insurance industry weathered those challenges well, having entered the pandemic in a strong financial position. The industry’s strong capital and liquidity, high-quality investment portfolios, and enhanced governance and risk management all provided solid support. At the same time, many management teams pulled levers (e.g., discontinuing share repurchases) to bolster capital and liquidity during a period of intense uncertainty. ....

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