LIMRA: U.S. Pension Risk Transfer Premium Jumps 53% in Fourth Quarter 2023
March 29, 2024
March 29, 2024
WINDSOR, Connecticut, March 29 (TNSres) -- LIMRA issued the following news release:
Total U.S. pension risk transfer (PRT) premium was $12.7 billion in the fourth quarter 2023, 53% higher than fourth quarter 2022, according to LIMRA's U.S. Group Annuity Risk Transfer Sales Survey.
4Q-PRT-sidebar.png"Fourth quarter PRT sales historically tend to be elevated and we saw this again in 2023. Plan sponsors often want to close the deal before the end of the year to remove . . .
Total U.S. pension risk transfer (PRT) premium was $12.7 billion in the fourth quarter 2023, 53% higher than fourth quarter 2022, according to LIMRA's U.S. Group Annuity Risk Transfer Sales Survey.
4Q-PRT-sidebar.png"Fourth quarter PRT sales historically tend to be elevated and we saw this again in 2023. Plan sponsors often want to close the deal before the end of the year to remove . . .