Life Insurance Quotes

Baby boomers push Prudential's stock value

09/23/11

According to Trefis, Prudential Financial's stock currently sits at about $54 a share, 23 percent above the average market value. Analysts say that more than a third of Prudential's stock value comes from its retirement solutions packages, which increased 11 percent in 2010 following a 4 percent decline in 2009. Prudential's insurance packages, which include life insurance products, have seen relatively steady growth from 2006 to 2010, at an annual rate of 12 percent.

Prudential's retirement solutions division provides a number of retirement planning packages, including fixed and variable annuities. The source notes that recent growth can be attributed to the retirement of baby boomers, who are beginning to reach retirement age. The source notes a U.S. Department of Health and Human Services projection that by 2020, the percentage of U.S. citizens over the age of 65 will increase by 3.1 percent.

According to a LIMRA study cited by the Insurance Information Institute, life insurance policy subscription took a significant hit in the wake of the recession, falling to its lowest levels in 50 years. Recent analysis shows that interest in life insurance policies and annuities is on the rise as the economy slowly recovers. In particular, annuities that offer guaranteed payouts have garnered significant attention. Despite the fact that interest rates are low, recent market volatility has many investors valuing guaranteed payouts. 

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