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Publicly traded insurers losing ground to mutual companies

Persistent shareholder calls to boost returns have handicapped growth of US insurance giants

MetLife, the largest seller of life insurance in the US by premiums, said in January that it plans to stop selling life insurance directly to Americans after more than 140 years.

New York

ARE shareholders bad for business?

More and more, the answer in the US life insurance industry is turning out to be a resounding "yes".

Since 2008, publicly traded insurers have seen their share of the US$4 trillion market shrink vis-à-vis mutual companies,