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RENO, Nev.–(BUSINESS WIRE)–
U-Haul Holding Company (NYSE: UHAL, UHAL.B), parent of U-Haul International, Inc., North America’s largest “do-it-yourself” moving and self-storage company will participate in the KeyBanc Capital Markets Self-Storage Investor Forum on Thursday, January 8, 2026 in New York City.

About U-Haul Holding Company

U-Haul Holding Company is the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company. U-Haul is in the shared use business and was founded on the fundamental philosophy that the division of use and specialization of ownership is good for both U-Haul customers and the environment.

About U-Haul

Since 1945, U-Haul has been the No. 1 choice of do-it-yourself movers, with a network of more than 25,000 locations across all 50 states and 10 Canadian provinces. U-Haul Truck Share 24/7 offers secure access to U-Haul trucks every hour of every day through the customer dispatch option on their smartphones and our patented Live Verify technology. Our customers’ patronage has enabled the U-Haul fleet to grow to approximately 203,000 trucks, 137,400 trailers and 41,700 towing devices. U-Haul is the third largest self-storage operator in North America and offers 1,111,000 rentable storage units and 96.5 million square feet of self-storage space at owned and managed facilities. U-Haul is the largest retailer of propane in the U.S., and continues to be the largest installer of permanent trailer hitches in the automotive aftermarket industry. U-Haul has been recognized repeatedly as a leading “Best for Vets” employer and was recently named one of the 15 Healthiest Workplaces in America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260106653964/en/

Sebastien Reyes

Director of Investor Relations

U-Haul Holding Company

(602) 263-6601

sebastien_reyes@uhaul.com

Source: U-Haul Holding Company

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DENVER – January 6, 2026 – Vertafore today released a new industry report about how the expectations of end-insureds are evolving and how independent agents can use technology to strengthen client relationships.

The report, Policyholder Expectations for Independent Agents, is based on responses from more than 600 U.S. insurance clients. Findings show that clients value guidance from a trusted agent but also want the speed and convenience of modern digital tools.

“This new data shows that clients genuinely value the personal connection and expertise of their independent agents. At the same time, clients want faster communication and digital access to their insurance information,” said James Thom, chief product officer at Vertafore. “By combining the right tools with their knowledge, agents can deliver the experience clients want, strengthen their relationships and stand out from the competition.”

Key takeaways to stand out with clients in 2026

• Deliver personalized guidance supported by digital tools. Nearly 90% of policyholders want agent involvement when managing their policies, but more than half also want online or mobile access to account details. Agents can meet those expectations by combining personal service with digital self-service options.
• Build trust with regular communication. Only 21% of policyholders say they receive proactive outreach from their agent and many want more touches beyond renewals and transactions. AI-enabled tools give agencies the ability to scale timely, high-value communications without increasing their workload.
• Strengthen agency visibility where clients are looking. Referrals are the top source of new agency business, but a notable portion of younger policyholders found their agent online or through social media. That creates urgency for agencies to maintain a strong, accurate digital presence to attract new clients.
• Respond quickly and make interactions effortless. An overwhelming majority of policyholders expect agents to respond to inquiries within one business day, and 35% expect an answer in an hour or less. To meet that expectation, agencies need systems that provide a 360-degree client view, streamline workflows and tasks, and integrate with vetted communications tools.
• Lead with transparency around AI. AI is opening new opportunities for agents to deliver faster, more personalized service. Policyholders are largely open to agents using AI tools to save them time or money, but 85% say it’s important to know when their agent uses AI and most want human expertise to stay at the center of their service.

Ultimately, the report shows that policyholders want the confidence of working with a knowledgeable advisor and the efficiency that comes from digital tools. Independent agents who pair their expertise with the right technology will be best positioned to win with clients in 2026.

Read Vertafore’s latest report: Policyholder Expectations for Independent Agents.

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• TPG and Jackson Financial Inc. to establish long-term, strategic investment management partnership, with a minimum commitment of $12 billion of AUM and strong economic incentives aligned to a long-term target of $20 billion
• Partnership expected to commence with an allocation to TPG Credit, initially focused on Investment Grade Asset Based Finance and Direct Lending, with opportunities to expand into other strategies over time
• TPG to make $500 million minority investment in Jackson, representing an approximate 6.5% pro forma ownership stake in the Company; Jackson to receive $150 million in TPG shares, priced at market, further aligning long-term partnership and incentives

SAN FRANCISCO & FORT WORTH, Texas & LANSING, Mich.–(BUSINESS WIRE)–
TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm and Jackson Financial Inc. (NYSE: JXN) (Jackson®), a leading U.S. retirement services firm, today announced that they have established a long-term, strategic investment management partnership. Under the agreement, TPG will manage a minimum commitment of $12 billion of AUM for Jackson, with economic incentives aligned to a long-term target of $20 billion. The strategic investment management partnership will initially focus on Investment Grade Asset Based Finance (ABF) and Direct Lending, further accelerating TPG’s credit origination momentum.

As part of the transaction, TPG will make a $500 million minority investment in Jackson, representing an approximate 6.5% pro forma ownership stake. Jackson will receive $150 million of TPG stock, priced at market, with the potential to receive additional shares if the investment management partnership grows to $20 billion. This structure creates significant alignment among the firms and long-term value creation opportunities. The investment from TPG will further enhance Jackson’s growth plans and broader strategic initiatives.

“Over the past several years, TPG has achieved meaningful growth in insurance capital across our platform, driven by our ability to create differentiated access points and cross-platform strategies that meet the evolving needs of our insurance partners,” said Jon Winkelried, Chief Executive Officer of TPG. “As the insurance landscape continues to evolve, we see tremendous opportunity to deepen relationships and drive long-term value for policyholders and shareholders through thoughtful, relationship-driven approaches that leverage the full breadth of TPG’s capabilities. Jackson brings an impressive track record as a leading provider of retirement income solutions, and as we’ve developed a strong relationship with their team, it’s clear that our goals are closely aligned. This strategic partnership is an important step in the evolution of our franchise and insurance practice, creating opportunities for us to extend the duration of our capital, while scaling our product capabilities.”

“Today marks a significant milestone for Jackson’s next phase of growth and our commitment to provide long-term value for all stakeholders,” commented Laura Prieskorn, President and Chief Executive Officer of Jackson. “I am proud to form this strategic partnership with an organization that shares our commitment to delivering world-class performance through a collaborative and client-centric approach. The complementary strengths of Jackson and TPG will enhance our competitiveness in the market, supporting our efforts to bring more value to consumers to meet the growing needs of Americans seeking financial security in retirement.”

This long-term strategic partnership leverages TPG’s established underwriting process, investment expertise, and origination capabilities, and reinforces the continued strength of the TPG Credit franchise. It also provides Jackson with access to differentiated investment opportunities, enhanced sourcing, and execution certainty. Consistent with TPG’s asset-light model and multi-partner approach, this transaction reflects TPG’s strategy of providing flexible, customized solutions to a broad base of insurance clients.

Approvals and Closing

The transaction is subject to customary closing conditions and is anticipated to close in the first quarter of 2026.

Advisors

Debevoise & Plimpton LLP served as TPG’s legal counsel and Oliver Wyman served as TPG’s actuarial advisor. Weil, Gotshal & Manges LLP advised TPG with respect to certain corporate and regulatory matters. Skadden, Arps, Slate, Meagher & Flom LLP served as a legal advisor to Jackson.

Investor Presentation

A supplemental investor presentation on the transaction is available on the Investor Relations section of TPG’s website at shareholders.TPG.com.

Conference Call Information

TPG will host a conference call and live webcast today at 8:00 a.m. ET. It may be accessed by dialing 800-245-3047 (US toll-free) or 203-518-9765 (international), using the conference ID TPG0106. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast will also be available and can be accessed through the Investor Relations section of TPG’s website at shareholders.tpg.com. A webcast replay will be made available on the Events page in the Investor Relations section of TPG’s website.

Forward-Looking Statements

This announcement may contain forward-looking statements based on our beliefs and assumptions and on information currently available to us. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” and similar references to future periods, or by the inclusion of forecasts or projections. Examples of forward-looking statements include, but are not limited to, statements we make regarding the outlook for our and/or Jackson’s future business and financial performance, estimated operational metrics, business strategy, and plans and objectives of management for future operations, including, among other things, statements regarding the expected closing of the transaction and terms of the investment agreement.

Forward-looking statements are based on our current expectations and assumptions regarding our and/or Jackson’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. As a result, actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the inability to complete and recognize the anticipated benefits of the transaction on the anticipated timeline or at all; our ability to manage growth and execute our business plan; and regional, national, or global political, economic, business, competitive, market, and regulatory conditions and uncertainties, among various other risks. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risk factors discussed from time to time in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including, but not limited to, those described under the section entitled “Risk Factors” in our Annual Report on Form 10-K filed with the SEC on February 18, 2025 and subsequent filings with the SEC, which can be found at the SEC’s website at http://www.sec.gov.

For the reasons described above, we caution you against relying on any forward-looking statements, which should also be read in conjunction with the other cautionary statements that are included elsewhere in this announcement and related public filings. Any forward-looking statement made by us in this announcement speaks only as of the date on which we make it. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as may be required by law. No recipient should, therefore, rely on these forward-looking statements as representing the views of the Company or its management as of any date subsequent to the date of the document.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities or an offer of any TPG fund.

About TPG

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $286 billionⁱ of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.

About Jackson

Jackson® is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.

*SQM (Service Quality Measurement Group) Call Center Awards Program for 2004 and 2006-2024. (Criteria used for Call Center World Class FCR Certification is 80% or higher of customers getting their contact resolved on the first call to the call center (FCR) for 3 consecutive months or more.)

Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).

ⁱ As of September 30, 2025

View source version on businesswire.com: https://www.businesswire.com/news/home/20260105817631/en/

Shareholder Contacts:

TPG

Gary Stein and Evanny Huang

shareholders@tpg.com

Jackson

Andrew Campbell

andrew.campbell@jackson.com

Media Contacts:

TPG

Luke Barrett and Julia Sottosanti

media@tpg.com

Jackson

Layton Meng

mediarelations@jackson.com

Source: TPG Inc.

The post TPG and Jackson Financial Inc. Announce Strategic Partnership to Accelerate Growth appeared first on Insurance News | InsuranceNewsNet.

Connecticut regulators say a potential sale of troubled PHL Variable Insurance Co. life blocks is no longer feasible, and liquidation is the next step.

Interim Insurance Commissioner Josh Hershman announced the stunning change in strategy in the latest rehabilitation report released Dec. 31.

“The Companies do not have the assets that would be necessary to transfer to a buyer or reinsurer any blocks of business without causing other policyholders to receive less than what they would receive from the guaranty associations in a conventional liquidation,” the report reads.

Former commissioner and rehabilitator Andrew Mais had been working toward a sale of PHL Variable blocks for months before abruptly retiring on Nov. 28. A decision on a buyer was due on Dec. 31.

The sales effort was a crucial part of a delayed overall rehabilitation plan for PHL Variable and hinged on non-universal-life blocks being attractive enough to buyers. In a Nov. 20 status report, Mais said the rehabilitator also “expects to file an outline of the terms of a rehabilitation plan” by the end of the year.

‘Fake rehab’

The liquidation news generated outrage from large policyholders who have battled with Connecticut regulators for much of the past two years.

Edward S. Stone is a Greenwich, Conn., attorney for SWS Holdings, which owns two Phoenix Generations universal life policies worth $18 million in death benefits. The company has paid more than $12 million in premiums to date, court documents say.

The policies were purchased in 2006 with the intent to fund an eventual stock purchase agreement. SWS sought “full-party” status in the PHL Variable rehabilitation proceedings, but Judge Daniel J. Klau denied the request.

“The fake rehab was designed to induce lapses (more than $5 billion to date), steal from over-the-cap policyholders and go through the charade of a ‘sales process’ that was never going to result in a real sale,” Stone said via email Monday.

Hershman is negotiating with the National Organization of Life and Health Insurance Guaranty Associations to determine what assets may be available to provide “limited ongoing benefits” to policyholders whose policies would otherwise terminate 30 days following a liquidation order, he said in the Dec. 31 report.

Stone accused the state of “conspiring” with NOLHGA by forcing policyholders to lapse, thereby reducing the burden on the guaranty associations, which are funded by insurance companies.

“Since when are Guaranty Associations more worthy of protection than policyholders?” Stone asked. “Meanwhile, the trust and confidence that families place in the life insurance industry is being eroded, and all of the bad acts covered up.”

The troubled PHL and its subsidiaries, Concord Re and Palisado Re, were put in Mais’s control after a May 20, 2024, court order.

Hershman said further analysis determined that all of PHL’s life blocks are “materially impaired,” none more so than the block of UL policies.

“This means that a pure rehabilitation plan – one without any funding from outside of the Companies’ assets – is not feasible,” Hershman wrote. “Instead, the Rehabilitator believes that any plan for a resolution of PHL’s liabilities must include a liquidation order for the Companies.”

Scrambling for coverage

Under Connecticut law, 30 days after the entry of a liquidation order, all policies terminate, except to the extent they are covered by a guaranty association.

Claim for the loss of policy coverage “would be junior in priority” to the claims of the guaranty
associations and existing claims for death benefits or surrender value that have not been paid as a result of a moratorium that has been in place since May 20, 2024, Hershman noted.

As a result, claims for loss of coverage or loss of the policy itself would “not ordinarily be paid in a liquidation where the insolvency is as deep as PHL’s insolvency,” Hershman explained. However, a liquidation order can be combined with a transaction that will enable active policyholders to receive some level of ongoing benefits “in excess” of what they would receive solely under guaranty association coverage, he added.

Guaranty association coverage is generally up to $300,000.

“The Rehabilitator is now focused on pursuing a transaction of this type in order to maximize the value of the Companies’ assets and coverage for policyholders,” Hershman wrote.

© Entire contents copyright 2026 by InsuranceNewsNet.com Inc. All rights reserved. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com.

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NEW YORK–(BUSINESS WIRE)–
New York Life, America’s largest mutual life insurer,¹ today announced that the company once again enters the new year with the highest possible financial strength ratings currently awarded to any U.S. life insurer by all four major ratings agencies. During each rating agency’s most recent review cycle, Standard & Poor’s, Fitch Ratings, A.M. Best, and Moody’s Investors Service all affirmed New York Life’s industry-leading ratings.

In November 2025, New York Life announced that the company will pay an estimated $2.78 billion in dividends to eligible participating policy owners in 2026 — the largest dividend payout in New York Life’s 180-year history and its 172nd consecutive annual dividend. Dividends are a tangible expression of New York Life’s mutuality. The company remains committed to making long-term decisions that support continued strength and deliver enduring value to the millions of individuals, families, and businesses who place their trust in New York Life.

Highlights from the ratings agencies include:

Standard & Poor’s – Rating of AA+ (Highest for a U.S. life insurer), as of Oct. 28, 2025

• Excellent business and financial risk positions
• Top market positions in the U.S. individual life insurance industry, propelled by a successful, controlled distribution model

  

• Consistent strategic focus on whole life policyholders

Fitch Ratings – Rating of AAA (Highest), as of Sept. 16, 2025

• Leading market position in U.S. individual life insurance market
• Exceptionally strong capital
• Diversified liability profile and earnings mix
• Loyal and productive career agency distribution channel
• Leading producer of participating whole life insurance and guaranteed income annuities as well as group life and disability insurance

A.M. Best – Rating of A++ (Highest), as of Aug. 1, 2025

• Very strong operating performance and very favorable business profile
• Very strong risk-adjusted capital
• Very strong and established industry-leading managerial career agency distribution channel
• Strong brand recognition and leading market position in retail life insurance, guaranteed income and fixed deferred annuities — with a continued top-ranked position in overall U.S. individual annuity sales and lead position in U.S. retail life sales as of year-end 2024
• A well-diversified investment portfolio with a consistent approach toward credit risk and cash

Moody’s Investors Service – Rating of Aa1 (Highest for U.S. life insurer), as of June 12, 2025

• Top-tier position in the domestic individual life insurance business
• Leading position in group life and disability insurance
• Large block of individual life insurance containing significant embedded profits
• Productive and well-established career agency distribution network
• Well-diversified investment portfolio, strong liquidity, and strong capitalization

The agencies’ complete and current public commentaries on New York Life are available here.

ABOUT NEW YORK LIFE

New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest¹ mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life’s family of companies offers life insurance and other solutions. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.²

¹Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/2/2025. For methodology, please see https://fortune.com/company/new-york-life-insurance/.

²Individual independent rating agency commentary as of 10/28/2025: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aa1), Standard & Poor’s (AA+).

View source version on businesswire.com: https://www.businesswire.com/news/home/20260105363269/en/

Kevin Maher

New York Life

(212) 576-6955

kevin_b_maher@newyorklife.com

Source: New York Life

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Introducing a comprehensive suite of annuity products powered by a digital sales process

HARTFORD, Conn.–(BUSINESS WIRE)–
Talcott Financial Group (“Talcott”), an international life insurance group and leading provider of comprehensive risk solutions, today announced its official launch in the retail annuity market segment with three fixed annuity products.

Talcott’s annuity offerings include one multi-year guaranteed annuity and two fixed indexed annuities – one focused on accumulation and the other on guaranteed income. In volatile markets, these fixed index products provide principal protection while also allowing the policyholder to participate in upside from market returns.

Along with offering competitive terms on its new products, Talcott has built a technology-enabled, streamlined sales process to reduce friction for both policyholders and agents. Together, these three new annuity products and Talcott’s digitally-enabled sales are expected to provide a best-in-class experience for both the policyholder and the agent.

“Today’s launch of our retail annuity products marks a significant milestone in our growth journey and is a testament to the dedication of our employees,” said Imran Siddiqui, Chief Executive Officer, Talcott. “Our new retail annuity products draw on our over 40-year legacy of providing income solutions for policyholders and aligning our interest with theirs. We see a massive opportunity to bring the core competencies and capabilities we’ve built in risk management and our open-architecture investment management model to the growing retail market and help meet the critical need for principal protection and guaranteed income.”

Talcott Financial Group Fixed Annuity Product Overview

Talcott is coming to market with three core fixed annuity products to meet a wide range of policyholder priorities. These products include:

• EverGuard Aspire Series: The EverGuard^SM Aspire Series provides index-linked growth potential with protection from market losses. It’s a long-term solution designed to support accumulation, giving policyholders a way to build their savings while helping safeguard their principal along the way and support their long-term evolving retirement income needs.
• EverGuard Assurance: EverGuard^SM Assurance 10 is designed to protect the policyholder’s premium from market losses while offering growth potential tied to a market index. For income needs, it features guaranteed deferral credits that grow their income base independent of market performance, helping ensure secure, predictable income for retirement.
• EverStead MYGA: The EverStead^SM MYGA is a multi-year guaranteed annuity that offers a fixed rate of compound interest for the selected term, providing policyholders with steady, predictable growth and peace of mind regardless of market fluctuations.

“Talcott has a strong value proposition to offer policyholders and agents. We are well positioned to help address the growing demand from retirees and pre-retirees for products like annuities that securely boost income or protect principal in retirement,” said Ryan Lex, Head of Retail Distribution, Talcott. “Our comprehensive suite of annuity products, along with our technology-enabled underwriting process, provide a unique value proposition for both policyholders and agents. We’re excited to offer this set of products while streamlining the policy underwriting process.”

About Talcott Financial Group

Talcott Financial Group, an international life insurance group, combines longstanding industry experience with the agility needed for today’s market to bring a modern perspective to risk solutions. Whether an individual planning for retirement or an organization seeking risk transfer solutions, Talcott Financial Group is committed to protecting what matters most and guiding its partners to peace of mind. The enterprise benefits from its strong financial position, as evidenced by $127 billion in assets under management as of September 30, 2025, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm. Talcott Financial Group has offices based in Bermuda, the Cayman Islands, Connecticut, and New York.

For more information, visit www.talcott.com or follow Talcott Financial Group on LinkedIn.

Annuities issued by Talcott Resolution Life and Annuity Insurance Company (NAIC #71153), headquartered in Hartford, Connecticut, and issuing annuities in 49 states and Washington, D.C. (excluding New York), is not providing investment advice. Nothing in this material should be considered investment advice or interpreted as a recommendation by Talcott Resolution Life and Annuity Insurance Company or any other Talcott company.

Annuity features and availability may vary state by state.

Annuity guarantees are based on the financial strength and claims paying ability of the issuing insurance company. The term financial professional does not imply involvement in an advisory role with compensation separate from sales. Financial professionals will receive a commission for selling a Talcott annuity. All copyrights reserved. No part of this document may be reproduced, published, or used without permission of Talcott Financial Group.

The information provided herein is not, and should not be construed as, an advertisement, solicitation or offer to purchase this product in the states of Idaho, Mississippi, Nevada, North Dakota, Oklahoma, or Oregon.

INVESTMENT AND INSURANCE PRODUCTS ARE: • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, THE BANK OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED

View source version on businesswire.com: https://www.businesswire.com/news/home/20260105840418/en/

Media Contact

Allison Lang

Head of Communications and Media Relations

Allison.Lang@Talcott.com

(860) 791-0097

OR

FGS Global
Jeff Huber/Nick Rust

Talcott@fgsglobal.com

(212) 687-8080

Source: Talcott Financial Group

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WEST CHESTER, Pa.–(BUSINESS WIRE)–
Venerable Holdings, Inc. (Venerable) is pleased to announce the completion of the acquisition of SunAmerica Asset Management, LLC (SAAMCo) and the close of the reinsurance transaction involving The United States Life Insurance Company in the City of New York (USL), the final two components of the landmark agreement with Corebridge Financial, Inc. (Corebridge) announced in June 2025. Venerable previously announced the commencement of new business variable annuity flow reinsurance and completion of the $48bn reinsurance transaction with American General Life Insurance Company (AGL), an entity of Corebridge, in August 2025.

In acquiring SAAMCo, Venerable welcomes 53 employees to the organization and is celebrating a broader footprint with a new office in Houston and an expanded presence in New York City at One World Trade Center.

Tim Brown, President of Venerable Advisers, said, “We are thrilled to welcome our new colleagues from SAAMCo to our Venerable community. Their deep expertise will be invaluable as we continue to grow our investment adviser capabilities and offerings, and I’m confident their talent will help drive our collective success.”

With the closing of all three transactions, Venerable’s total assets under risk management will increase from $67bn to $118bn, on a pro forma basis as of March 31, 2025. In line with Venerable Advisers growth strategy, the acquisition of SAAMCo will more than triple assets under management across affiliated advisers to approximately $52bn.

“The successful close of all aspects of this landmark agreement marks a pivotal moment for Venerable,” said David Marcinek, Chairman and CEO of Venerable. “By expanding our capabilities as a leading provider of risk transfer solutions we are better positioned than ever to serve our insurance clients and the retirement sector more broadly.”

Citi and Wells Fargo Securities, LLC served as financial advisors, Milliman, Inc. as actuarial advisor, and Sidley Austin LLP as legal counsel to Venerable in connection with this transaction.

About Venerable and Venerable Investment Advisers

Venerable is a privately held company with business operations based in West Chester, Pennsylvania, Des Moines, Iowa and New York, NY. Venerable owns and manages legacy variable annuity business, including variable annuities acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, Inc., Crestview Partners, Reverence Capital Partners, and Athene Holding Ltd., Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital.

Venerable Investment Advisers, LLC was established in 2023 and has overall responsibility for the management of mutual funds underlying Venerable Insurance and Annuity Company’s variable annuity products.

For more information, please visit www.venerable.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260105066907/en/

Venerable
Allison Proud

Corporate Communications

+(610) 249-9730

Source: Venerable Holdings, Inc.

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One Bellevue Place — which includes the buildings housing Sprouts Farmers Market, Burlington, PetSmart, The Eastern Peak and the AMC Bellevue 12 cineplex, among others — has sold for $90,268,000.

Though businesses operating from within the structures (at least nine, depending upon how they are counted) offer their own addresses, Metro property records note a singular address for One Bellevue Place of 7614 Highway 70 S.

A Davidson County Register of Deeds document lists the new owner of the West Davidson County property as New York-based Prospect Ridge Advisors, an investment management company that specializes in private equity real estate deals.

Prospect Ridge, which owns Easton Place in Murfreesboro, also operates offices in San Francisco and Brentwood. The company landed a $55.67 million loan from Ohio-based Nationwide Life Insurance Company, according to a separate Davidson County Register of Deeds document.

The seller was Chicago-based Metropolitan Life Insurance Company, which paid $92,948,500 for the 45.95-acre site and its various buildings in 2019. Though selling for about $2.68 million less than it paid for the property, it is unclear if Metropolitan Life Insurance Company — the parent company for which is New York-based global holding corporation titan MetLife Inc. — took a loss on the transaction.

The acquisition does not include buildings accommodating Home2Suites by Hilton Nashville Bellevue and Chick-fil-A, even though both structures are landlocked by the just-sold property, according to Metro records.

In addition, the purchase does not include four standalone structures that front Highway 70 South and from which operate Chili’s Grill & Bar, Panera Bread, U.S. Bank and Regions Bank.

One Bellevue Place sits on a site that, in part, previously offered the Bellevue Mall. That suburban shopping mall closed in 2008.

Charlotte-based Crosland Southeast primarily developed the One Bellevue Place site.

The Post was unable to determine if brokers were involved in the transaction.

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As the insurance industry tackles solutions to its talent gap crisis, one expert says it simply hasn’t done a good enough job leveraging its greatest selling point to Gen Z: the potential for change.

“The question isn’t whether the talent is out there or not — it’s whether the insurance industry can evolve its story and culture fast enough to attract it. Because if they can, there is a generation of very passionate, ambitious folks out there that are certainly ready to build that next chapter with insurance,” Josh Levine, founder & CEO of UX design agency Cake & Arrow, said.

He spoke with InsuranceNewsNet on the heels of a Cake & Arrow study that found Gen Z is generally reluctant to work in the insurance industry, although they acknowledge it can have some benefits.

“To me, the surprise is always that people, especially Gen Z, know that insurance does have stability to a certain extent, and you would think they’d be attracted to it. But the reason why the message of insurance isn’t quite resonating is pretty relevant,” Levine added.

While it still holds true that young people view insurance as “boring,” an increasingly major concern is the perception that it’s untrustworthy. Levine suggested that successful recruitment should capitalize on messaging that empowers the younger generation to change that perception, ushering in wholesale evolution of the industry.

Most Gen Z have never even considered insurance

Cake & Arrow’s research found 79% of Gen Z have never considered pursuing careers in insurance. Nearly 50% said they are not interested in the insurance industry at all and 14% said nothing could ever change their mind about that.

At the same time, most are aware of the benefits insurance can have. Fifty-five percent of the Gen Z respondents in the study had a generally positive view of the insurance industry, and stability was ranked as the most appealing benefit an insurance career could offer.

The disconnect, however, lies in perception. The study found that while insurance offers what Gen Z professionals prioritize in a career — stability, benefits and long-term opportunities — most dismiss the industry because of what they think a job in insurance looks like.

“The talent is there and everything is ripe for the taking. Many recent graduates are struggling to find entry-level opportunities. The challenge is that the insurance industry hasn’t made a compelling enough case for itself,” Levine said.

Ethical concerns increasingly matter

It should come as no surprise that 67% of respondents found insurance to be “boring” or outdated, but a perception of insurance as an unethical business practice has become a significant concern among the younger generation.

“This is particularly relevant in the past few years — people have seen how often insurance doesn’t come through for them or for others when they need it. Over and over we hear, and in this research too, about bad claims experience… Gen Z is seeing this play out online right in front of them in the news, and they’re absolutely taking note,” Levine said.

He said while Gen Z as a whole recognizes the value of insurance as a way to  protect themselves and their families, “they’ve seen or heard way too many stories to really trust it.”

“If they don’t trust insurance to do right by people, they’re unlikely to want to build a career in it… Until the industry can really start rebuilding that trust and being more transparent, fair and human in how they show up, the message isn’t going to land,” Levine said.

Offering purpose

However, Levine sees this perception challenge as an opportunity for the industry to offer young professionals a career with purpose — which is precisely what the research indicates most of them want.

“I’d rather go in an industry, and this should resonate with most young folks, where there is a lot of opportunity to change, where it isn’t that advanced. To me, that’s a selling point: let’s go where we can provide value and make a difference. There’s a lot of ground to make up there, and there’s a positioning that can really resonate with younger generations,” he said.

In insurance, that can look like reframing roles “not as salespeople but as guides or consultants who can help people understand their coverage, make really informed decisions and shape customers’ financial well-being and peace of mind.”

“We’ve got to flip the script and change because, as is, even if we do recruit, the issue is going to be retaining… I think that’s the big goal of making insurance back to being a career role that people can grow in and feel challenged and have the flexibility and openness to make change and contribute to a better customer experience,” Levine said.

Cake & Arrow is a UX design agency that describes itself as being “human-centered,” offering organizations in the insurance and financial services industry digital experience solutions. Its research surveyed 519 Gen Zers, aged 18-28.

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Starting a family brings joy, responsibility – and the need to plan for the unexpected.

Life insurance may not be the first thing on your to-do list, but it plays a crucial role in protecting your family’s future. If something were to happen to you or your spouse/partner, a life insurance policy can help cover the mortgage, childcare, education costs and daily living expenses – giving your loved ones financial security during a difficult time.

So, how much coverage do you need? A very general rule of thumb is to buy a policy worth 10 times an individual’s annual income.

For example, if your annual salary is $75,000, it makes sense to consider a policy with a $750,000 death benefit. But also factor in other things, such as your total debt, number of dependents and long-term goals (like college tuition or buying a bigger home).

Online calculators can help, or you can consult with a financial advisor to get a more tailored recommendation.

In general, there are three basic types of life insurance to consider: · Term life insurance. This type of insurance is the most affordable and straightforward option. It provides coverage for a specific period – typically 10, 20 or 30 years. If you pass away during the term, your beneficiaries receive the death benefit. It’s a great choice for young families who want maximum coverage at a low cost.

· Whole life insurance. Whole life is permanent insurance that lasts your entire life, as long as premiums are paid. It also builds cash value over time, which you can borrow against. It’s more expensive than term life insurance, but offers lifetime protection and a savings component.

· Universal life insurance. This type of insurance is a flexible, permanent policy that combines a death benefit with a cash value account. As a result, you can adjust your premiums and death benefit as your needs change, but the policy also depends on investment performance, which can affect the value over time.

As your family grows, so does your need to plan for the unexpected. Life insurance isn’t just for you – it’s for the people who depend on you.

Informational Sources: Investopedia: “How Much Life Insurance Should You Have?” (September 23, 2024); State Farm: “Life Insurance Basics” (January 23, 2025).

LPL Financial and its advisors are only offering educational services and cannot offer participants investment advice specific to their particular needs. If you are seeking investment advice specific to your needs, such advisory services must be obtained on your own separate from this educational material.

©2025 Kmotion, Inc. All rights reserved.

This newsletter is a publication of Kmotion, Inc., whose role is solely that of publisher.

The articles and opinions in this newsletter are those of Kmotion. The articles and opinions are for general information only and are not intended to provide specific advice or recommendations for any individual. Nothing in this publication shall be construed as providing investment counseling or directing employees to participate in any investment program in any way. Please consult your financial advisor or other appropriate professional for further assistance with regard to your individual situation.

Jason Benson, LPL Financial Advisor, may be reached at 918-256-4213 or Jason.

Benson@LPL.com. 124 S Scraper St, Vinita, OK 74301 www.thoroughbredfinancialsolutions.com Securities and Advisory services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.

Thoroughbred Financial Solutions and LPL are separate entities.

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