JPMorgan sees weak returns from life insurers
January 8, 2013 by AP Staff Writer
NEW YORK (AP) – The way a JPMorgan analyst sees it, life insurance companies have relatively little debt and prices for insurance are rising, but low interest rates will likely limit investors’ returns.
Analyst Jimmy Bhullar said Thursday in a client note that the interest rate outlook is “considerably worse than it appears,” which could reduce insurers’ ability to make money from their investments. Sustained low rates pose the most risk to Lincoln National Corp., MetLife Inc., Symetra Financial Corp. and Protective Life Corp., according to the analyst. Click here to read more…