Doug Bailey

4 weeks ago | insurancenewsnet.com | Doug Bailey

The insurance brokerage M&A engine hit a soft patch in early 2025, logging its slowest quarter since the pandemic-era downturn of mid-2020. Just 141 insurance agency mergers and acquisitions were announced in the first quarter, down 15% from 166 deals during the same period last year, according to a new report from OPTIS Partners. That tally continues a cooling trend: the past nine quarters have all fallen below the long-term average.

1 month ago | insurancenewsnet.com | Doug Bailey

Lincoln Financial reported a first-quarter net loss of $756 million, or $4.41 per diluted share, driven by a $0.9 billion after-tax loss tied to market risk benefit changes stemming from lower interest rates and equity markets. Despite the loss, the company posted $280 million in adjusted operating income, or $1.60 per diluted share, which the company said underscored strong operating fundamentals across annuities, group protection, and life insurance.

1 month ago | insurancenewsnet.com | Doug Bailey

Reacting to a troubling rise in chronic illnesses among younger Americans, two organizationsā€”GoMo Health and Insurance Collaboration to Save Lives (ICSL)ā€” have joined forces to form a new initiative, dubbed the ForwardLiving Partnership, to help insurers better support policyholders before they become critically ill.

1 month ago | insurancenewsnet.com | Doug Bailey

Federal prosecutors have accused three of the country’s biggest health insurers—Aetna, Humana, and Elevance Health (formerly Anthem)—of taking part in a massive kickback scheme that allegedly defrauded Medicare and put some of the nation’s most vulnerable citizens at risk.

1 month ago | insurancenewsnet.com | Doug Bailey

The Cigna Group reported a strong start to the year, with first-quarter 2025 revenues rising 14% to $65.5 billion, driven by growth in its Evernorth Health Services and Cigna Healthcare segments. Shareholders' net income was $1.3 billion, or $4.85 per share, compared with a loss in the same quarter last year. Adjusted income from operations came in at $1.8 billion, or $6.74 per share. Cigna also raised its full-year adjusted earnings outlook to at least $29.60 per share.