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Just wondering if you could give us an update on what happened here in the first quarter, and how you think things will trend for the balance of the year?
another read could be sort of it's an indication that maybe the core business over there has less growth than maybe it previously did
we're hearing a lot more about this sort of K-shaped economy and sort of given your target market, just wondering what sort of impacts do you expect
it looks like you've been traveling kind of more in the mid-40% range. So I don't know if you're assuming some reversion to the mean or something
a few years ago, we talked about a $1.8 billion kind of target. Just wondering what needs to happen to get to some level of sales like that?
Is this a new development? I don't remember you talking about this in the past. And the reason I ask is, fourth quarter is traditionally your big group broker quarter in terms of U.S. sales
One of your competitors disclosed their view that some of the companies in Japan are using sort of adjusted metrics that aren't true to the FSAs
can you just talk about how much of an impact was lapse/reissue, if at all, in the quarter?
one of the comments around why it was down year-over-year, I think, 11%. Is that more of your agents are selling other non-Aflac products
Is that program designed to keep you at your ESR target or is it possible if we see the dollar weaken significantly before those options sort of kick in
it seems to me that, that's just -- that's like plays into your hand in terms of this AFIG opportunity and that we'll likely see more of these
do you still think you can achieve that 4% to 5% this year? Or is the increase in competition that you're talking about sort of taking you off that glide path
do you still think 4% to 5% organic growth in Advice & Wealth is a reasonable bogey for you
I wanted to start with Signature Wealth. Can you give an update in terms of what percentage of advisers are using it
you called out two practices that have left that were pretty sizable. Can you maybe just unpack what happened there
Can you comment on the Comerica relationship given the M&A that we saw recently
most of the growth in AWM comes from your existing advisers selling business to their existing clients
how is the Board thinking about the next 5 to 10 years? Is the next layer of management sort of identified and in place?
could you talk a little bit about your outlook for AWM NII as well as for the bank
can you just talk about Signature Wealth in a little bit of detail? What sort of impact do you expect?
I wanted to start with the bank. The NII there was down sequentially and year-over-year
do you think that we ultimately get back to that 4% to 5% level?
are you seeing any additional threats emerge in terms of your target customer base or your distribution channels where new entrants are coming in
are you seeing anything as we start traveling through 2Q that suggest that maybe there's incremental pressure?
I was just curious if you could size that. And was that a 2025 event?
if you expect that mortality will still continue to improve or remain favorable, why would that not be in your best estimates at this point?
is there an objective here to just put this to bed maybe by the end of the year? And if the government is being slow, maybe just try to see if there's anything that you can do to just put it behind...
is your expectation still that at some point, we will get sort of all clear?
Normally, when you see these shocks, is there a little bit of a lag between kind of the environment changing and then when it impacts your customer behavior?
are you factoring in remeasurement gains into your plan for 2026, or are we sort of on hold until we go through the unlocking assumption
Should we assume that maybe things are on hold a little bit until you get your Bermuda subsidiary or that whole strategy set up?
it seems like we're seeing a lot more actions by regulators in that country
We've seen working age mortality trend has been improving, I guess, for a couple of years now
one of the things that we're hearing is that unrealized losses in Japan can influence the sort of dividend formulas in terms of getting capital out
AI is coming in. It's gonna take out x percent of the workforce. That's gonna negatively impact group benefits companies
you referenced this efficient capital structure in Japan. I was hoping you could unpack that a little bit. Is that unique to Met?
is any of the $14 billion that you are planning to write this year going into Chariot Re? And how do we think about the difference in earnings impact
it seems like performance has been pretty mixed this quarter. So just curious if you're seeing anything that's surprising to you in terms of the elevated claims?
we've seen a number of companies announce these things, but we haven't really seen any major deals with sort of third-party liabilities
It was obviously very strong in the first quarter. And in April, it was pretty modest. And I get your comment about kind of catching up to back activity in the fourth quarter
Does that do anything to kind of activity in the market one way or the other? Just want to get a sense of how we should think about if this environment persists, what PRT could look like
If I look at the 110 to 135, it looks like, excuse me, that might be five basis points below what you originally guided to for 2024
Can you just talk about what sort of block of business you'd be interested in using that vehicle for?
my understanding is that you use more of a sort of a call center model as opposed to sort of feet on the street or building out wealth management offices
is there typically a lag that you would see that maybe you're not seeing it show up in your results now
how are you sort of differentiating, and how do you avoid channel conflict with perhaps the FAs that sell your 401(k) plans?
Just wondering maybe what you're seeing and what are your expectations for employment growth for 2026
I wanted to ask about private credit. Obviously, we've had some flare-ups here in the past couple of weeks
Can you just maybe provide some metrics on that? What sort of penetration are you having?
Obviously, earnings and the margins were quite strong, but the flows continue to be negative. So maybe just can you provide some color in terms of what's going on there?
Are you able to proactively reach out to plan participants as they get closer to retirement and offer some of the, you know, rollover solutions that you provide
if markets remain kind of choppy here, should we be expecting to see the opposite of that? In other words, those nominal withdrawals will decline
given everything that's happened so far in April, and maybe it's just too early to tell, but are you getting a sense of any sort of changes
Any thoughts around these in-plan annuity products for target date funds that a lot of asset managers are rolling out?
I wanted to ask about M&A now that you're in the seat
is this business producing adequate returns relative to the mid-teens ROE target that the company has overall
are you open to something bigger in terms of shifting the business mix
How did you arrive at the 90-day period? And was this done in conjunction with the FSA and other regulators in Japan
have you done a similar review for Gibraltar Life in terms of sales practice issues
given your strength in fixed income asset management in general, I figured you'd have a good read on what you're seeing in the market
you've talked about this 3- to 4-point drag on EPS growth from the legacy VA and the surrenders. Can you maybe just give some color on how that -- you expect that to play out
how are you calculating that? Or how are you determining that? Because I don't believe the rating agencies have come out with something that kind of gives a standard
your RILA sales, which I think were down 23% year-over-year. And if we look at industry data, I think the industry was up 20%. So it's a pretty big difference there
there must be some rationale in terms of why you've decided to keep the business, and I'd like to understand that a little bit more
How much more of this is sort of in front of PRU? And when these surrenders happen, is there some sort of a surrender fee or reserve release that helps earnings
how quickly do you think Prismic could sort of pivot to maybe some third-party deals, particularly in Japan
I was just wondering if you could help us maybe translate that into sales growth expectations for the year