Another company takes an earnings loss on adjusted longevity assumptions. Transamerica is a leading underwriter of traditional LTC insurance. While the article doesn't specifically mention LTC insurance, longevity assumptions are an important aspect of LTC insurance pricing and the ability to pay future claims.
"Each year in the third quarter the company reviews its assumptions o how long people live, which form the basis for estimates on future payout obligations on life insurance policies and retirement products."
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