Insurers put in a strong day as rising interest rates (the 10-year back to 2.05%) should help...

|By:, SA News Editor

Insurers put in a strong day as rising interest rates (the 10-year back to 2.05%) should help profits. PRU +2.3%, HIG +4%, LNC]] +3%. MetLife (MET +3.6%) - which failed last year's stress tests - was not included this year as it's offloaded its banking operations (it remains a SIFI). The firm continues to cut costs, planning to move 2.6K workers out of CA, MA, and NJ, and into NC.