Consistent Year-over-Year Growth in Adjusted Operating Income
The company delivered strong financial results, marking the fifth consecutive quarter of year-over-year growth in adjusted operating income. This underscores broad-based momentum and disciplined execution of strategic priorities.
Annuities Business Success
Annuities reported sales reached $4.5 billion, marking the fourth consecutive quarter of increased sales with notable growth in fixed annuities (36% year-over-year) and RILA sales (21% year-over-year).
Life Insurance Earnings Improvement
Life Insurance recorded earnings of $54 million, a significant year-over-year improvement, driven by a strategic shift to products with stable cash flows and higher margins.
Strong Group Protection Premium Growth
Group Protection achieved a 5% year-over-year premium growth with supplemental health increasing 33%. Sales growth was nearly 40% year-over-year.
Retirement Plan Services Performance
Retirement Plan Services delivered 5% year-over-year earnings growth with total deposits increasing 20% year-over-year and positive net flows during the quarter.