- Reuters
IBM to take $2.7 billion charge related to transfer of pension obligations
Under the deal, nearly $6 billion of IBM's defined benefit pension obligations will be transferred to Prudential Insurance Company of America. A defined benefit plan guarantees a specific payout to employees upon retirement, completely funded by the employer without any contribution from the employee. The deal stipulates that, starting next year, Prudential will take full responsibility for paying out the pension benefits of nearly 32,000 participants enrolled in IBM's plan.
- Zacks
Zacks Industry Outlook Highlights MetLife, American International Group, Prudential Financial, Assurant and MGIC Investment
MetLife, American International Group, Prudential Financial, Assurant and MGIC Investment are part of the Zacks Industry Outlook article.
- Zacks
5 Stocks to Watch From the Prospering Multiline Insurance Industry
Better pricing, product redesigns, technological advancement, and improving inflation are expected to aid multiline insurers like MET, AIG, PRU, AIZ and MTG.
