Tag: insurance

Preneed

Assurant reports 3Q 2020

In late October Assurant hinted that they will be divesting what they call their Global Preneed business.  That segment of their business consists of preneed funeral insurance products and Final Need insurance products. In reporting the company’s 3rd Quarter financial results, CEO Alan Colberg gave another hint as to the Global Preneed business potentially disappearing from the Assurant portfolio of businesses.  He did not mention Global Preneed at all when he said of 3Q results, “Our third quarter 2020 performance […]

Business

Know your responsibilities with live streaming

Every once in a while I read an article and I think to myself, “Wow, that should never have happened”.  However, if I’m honest with myself, I can see how that did happen and usually think about what my mom used to say, “If not for the grace of God, there go I”, because it could happen to me if I was not careful. Anyone who has spent any time in a preparation room in the funeral home might have […]

Finance

Assurant posts higher Preneed Sales and Profits

Assurant Preneed, a component of Assurant, posted higher revenue and higher profits in their 3Q 2018 results that were made public after the market on Tuesday.  You can read the company’s press release on its earnings report here. Assurant, a member of the Death Care Index (DCI), operates a world-wide conglomerate composed of three segments — Global Housing, Global Lifestyle, and Global Preneed.  The entire company has posted solid financials in 2018 reporting a $216.5 million profit for the first […]

Preneed

Life Insurer’s Council Reports on Preneed Sales

In two different articles that you can find here and here, the Life Insurance Council (LIC) reported on the results of their study of 2017 Preneed activity.  The study found mixed results in that annual premiums for preneed life insurance was $1.3 billion – down 3% from 2016.  The study also found that multi-pay policies were down 11% from 2016. On the other side of the ledger, however, the LIC found that preneed annuity sales increased 5% from 2016 levels. […]

Preneed

Great Western earns Credit Rating Upgrade

Earlier this year we told you of the acquisition of pre-need provider Great Western Insurance Company by the American Enterprise Group of Des Moines, Iowa.  As of April 25, 2018, A.M. Best has completed their ratings on Great Western Insurance Company post acquisition. A.M. Best has upgraded, in a report you can read here, the Financial Strength Rating of Great Western to A- (Excellent) from B++ (Good) and the Long Term Issuer Credit Rating to a- from bbb+. Other notable […]

Finance Preneed

Great Western Insurance Company to be Acquired

In an article from the Think Advisor which you can read here it was reported that Ogden, Utah based pre-need life insurer Great Western Life Insurance is going to be acquired by American Republic Insurance of Des Moines, Iowa. Great Western is a privately held life insurance company, specializing in Pre-Need funeral insurance started by a funeral industry family in 1983 – the founder, John Lindquist, still serves as CEO and Chairman of the Board.  It is reported that the […]