Life Insurance

Manulife reported third-quarter 2026 core earnings of C$2,125 million, up 4% at constant exchange rates, with core EPS of C$1.24 and core ROE of 17.8%, while net income attributed to shareholders fell to C$1,424 million after a C$388 million post-tax market experience loss, and the contractual service margin grew to C$27.3 billion.

Sun Life reported third-quarter 2026 underlying net income of C$1,146 million (C$2.05 per share, up 10%) and underlying ROE of 19.0%, while reported net income fell 29% to C$785 million on interest-rate effects and acquisition and restructuring charges; asset management and wealth saw net outflows of C$32.7 billion and the dividend rose to C$1.00.

Prudential Financial reported third-quarter 2026 after-tax adjusted operating income of $1.321 billion ($3.77 per share) against $1.444 billion ($4.05), with net income of $1.388 billion ($3.96), as pre-tax Japan earnings fell to $559 million from $750 million, mainly because of the Prudential of Japan sales suspension.

Corebridge Financial reported third-quarter 2026 adjusted after-tax operating income of $545 million ($1.22 per share, up 27%), net income to common shareholders of $1,440 million, premiums and deposits down 29% to $8.8 billion, and common shares outstanding down to 440.3 million, while reporting significant progress toward its merger with Equitable.

Jackson Financial reported third-quarter 2026 net income to common shareholders of $847 million ($12.37 per diluted share), adjusted operating earnings of $517 million ($7.55 per share), record registered index-linked annuity sales of $3.0 billion and a $1 billion increase in its buyback authorization.

SBI Life Insurance reported profit after tax up 17% to Rs 1,270 crore for the half year ended September 30, 2026, value of new business up 19% to Rs 3,270 crore, gross written premium up 13% to Rs 48,400 crore and a solvency ratio of 1.97, while its total cost ratio rose to 11.7% from 10.9%.

ASIC announced on October 30, 2026 that the Federal Court of Australia has found two former directors and officers of the collapsed Youpla Group breached their duties, with Ronald Pattenden agreeing to a A$250,000 penalty and a 15-year ban, while penalties for Bryn Jones and decisions on three others remain outstanding.

For the six months to September 30, 2026, India's HDFC Life reported profit after tax of ₹1,119 crore, value of new business of ₹2,037 crore (up 12.1%) at a 24.7% margin, and assets under management of about ₹4.1 lakh crore; second-quarter profit was ₹508 crore, 16.9% lower than the first quarter.

India's HDFC Life reported first-half value of new business of Rs 2,037 crore at a 24.7% margin, approved a GIFT City office and up to Rs 500 crore of subordinated debt, and flagged near-term friction from IRDAI's proposed expense limits.

India's ICICI Life reported a Rs 374 crore second-quarter profit and Rs 712 crore of new business value, with protection and annuity growth in the first half, while some brokerages flagged a margin below their forecasts.

India's largest life insurer told exchanges on October 12 it will put an annuity plan and two health protection plans on sale on October 19; here is what has been reported and what buyers should verify.

ICICI Prudential Life shareholders approved renaming the insurer ICICI Life Insurance Limited with 99.9994% support after IRDAI and the corporate affairs ministry cleared the name in August, as Prudential moves from promoter to investor and must cut its 21.89% stake below 10%.

ICICI Prudential Life launched ICICI Pru Signature Secure on June 11, 2026, a single-premium, five-year unit linked plan whose maturity payout is the higher of fund value or a guaranteed maturity benefit of up to 140% of the premium paid, with no premium allocation or policy administration charges.

On March 31, 2026 APRA finalised amendments letting life insurers use an 'advanced illiquidity premium' to set capital for longevity products, with added governance, reporting and asset controls and a 45% floor kept after consultation; the changes took effect on July 1, 2026.

About 99.96% of votes cast at Corebridge and 97.24% at Equitable favoured the deal in preliminary results; the combined company will use the Equitable name, trade as EQH and be run by Corebridge's Marc Costantini, with regulatory approvals still required.

The FCA published the final report of its pure protection market study on September 21, 2026; it finds competition works well for existing policyholders but 58% of people hold no cover, and sets out a package of industry-led measures with engagement from October 2026 and a possible TechSprint in Q3 2027.

Zurich Financial Services Australia acquired ClearView Wealth on August 20, 2026 through a scheme of arrangement at A$0.60 cash per share, about A$385 million, after approval from the ACCC, APRA, shareholders and the NSW Supreme Court, and will run Zurich, OnePath and ClearView as separate life insurance propositions.

On June 4, 2026 PayPay agreed to acquire 70.2% of T&D Financial Life Insurance from T&D Holdings for roughly ¥134.3 billion (about $840 million), with the share transfer planned for October 1, 2027, conditional on an IFRS transition and regulatory approvals.

MetLife announced on May 28, 2026 an Annuity Cancellation Option for its Guaranteed Income Program, letting plan participants cancel within the first three years of income payments and receive premiums paid minus benefits received, with no cancellation or surrender fees.

LIMRA's preliminary Q1 2026 data show annuity sales of $104.6 billion (down 2%), RILA sales up 21% to $21.2 billion, and new annualised life premium up 10% to $4.5 billion.