Life insurers want their taper back


Life insurers continue to slide following yesterday's non-taper as investors face the prospect of interest rates maybe not rising as quickly as hoped.

Mike Newton reminds: Sunlife (SLF -1.6%) disclosed in its recent quarterly report a 100 basis point move higher in rates would boost EPS BY $0.23 per share; for Manulife (MFC -2.6%) it's $0.16.

MetLife (MET -2.4%), Prudential (PRU -1.4%), Hartford (HIG -1.7%), ING U.S. (VOYA -3.7%), Lincoln National (LNC -4.5%).

ETFs of interest: KIE, IAK, KBWP, KBWI.

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