Allstate bets on timber, property to boost annuity returns
September 16, 2014 by Zachary Tracer
(Bloomberg) — Allstate Corp. is betting on timber and real estate to boost returns at a struggling annuity unit.
“We do need to figure out what we do with our annuity business,” Chief Executive Officer Tom Wilson, said at an investor presentation today. “It’s still not where we’d like it to be on a long-term basis, so we’re investing a little differently there.” Click here to read…
Originally Posted at LifeHealthPro on September 16, 2014 by Zachary Tracer.
Categories: Industry Articles