U.S. life insurers dragged down by soured investments

U.S. life insurers Principal Financial , Lincoln National and Genworth on Monday posted fourth-quarter losses, hurt by soured investments.

Insurers, already battered by the declining value of investments in the third quarter, are increasingly being hit by charges to boost reserves for variable annuity equity market guarantees, a popular retirement product.

U.S. life insurers dragged down by soured investments
Source: Yahoo! Finance
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