When interest rates were near historical lows, MetLife (NYSE: MET) and Prudential (NYSE: PRU) had a problem. They had made promises about future payments, but miserly interest rates made it more ...
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Higher-for-longer rates are a gift for life insurers. MetLife and Prudential are cashing in.
Life insurance companies take cash up front and pay out claims later. Companies like MetLife and Prudential invest the premiums they collect in bonds. When rates rise, life insurance companies earn ...
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