A record high for the insurer.
Three out of iA’s five sectors declined, one stayed flat, and one advanced.
Segregated fund sales advanced, but low interest rates hindered fixed annuities in 2021.
P&C decline fuelled by one main factor.
The ratings agency says the insurance industry’s ability to absorb pandemic-caused volatility led it to revise its life
Two factors explain this decline.
LIMRA reports that annuity and fund sales mirror the financial markets in first quarter 2021.