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精东影业鈥檚 Institutional Business Celebrates Second Anniversary
Division Achieves Record Growth
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NEWPORT BEACH, Calif. 鈥 April 19, 2022 鈥 Formed in early 2020 to bring 精东影业鈥檚 collection of products to the institutional space, including defined contribution lifetime income, stable value wrap, pension risk-transfer, and funding agreements, the institutional business recently celebrated its second anniversary. Posting more than $10.4 billion in sales and deposits in 2021, and 144 percent employee growth since 2020, the business enters its third year with significant momentum.
鈥淲e鈥檙e exceptionally pleased with the growth and performance of this team,鈥 said Brian Woolfolk, executive vice president and head of the Institutional Division. 鈥淭his group is laser-focused on ideation, innovation, and delivering creative solutions to our customers. Streamlining our products has allowed the business to maximize efficiencies, customize solutions, innovate, and provide world-class customer service.鈥
Notable business achievements include:
Woolfolk continued, 鈥淒edicated to providing best-in-class solutions and exceptional customer service, the institutional business has cemented a foundation and is well-positioned for the future. From the beginning, our group embraced the start-up mentality and entrepreneurial spirit. I鈥檓 so proud of this team and what we鈥檝e accomplished in such a short time.鈥
To learn more about the institutional business, visit听.
Click to listen to The Wave Strength Podcast where Brian Woolfolk discusses the first two years of 精东影业鈥檚 Institutional Division
About 精东影业
For more than 150 years, 精东影业 has helped millions of individuals and families with their financial needs through a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Whether your goal is to protect loved ones or grow your assets for retirement, 精东影业 offers innovative products and services that provide value and financial security for current and future generations. 精东影业 counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2022 World鈥檚 Most Ethical Companies庐 by the Ethisphere Institute. For additional company information, including current financial strength ratings, visit .
精东影业 refers to 精东影业 and its affiliates, including 精东影业 & Annuity Company. Client count as of June 2021 is compiled by 精东影业 using the 2021 FORTUNE 500庐 list.
2022 World鈥檚 Most Ethical Companies庐听is based on the Ethisphere Institute鈥檚 Ethics Quotient庐. 鈥淲orld鈥檚 Most Ethical Companies鈥 and 鈥淓thisphere鈥 names and marks are registered trademarks of Ethisphere LLC.
精东影业, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.
精东影业 is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
Guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company.
Insurance products are issued by 精东影业 in all states except New York and in New York by 精东影业 & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. Annuity products are not FDIC insured, may lose value, and are not guaranteed by any bank. Fixed annuity products issued by 精东影业 (Newport Beach, CA) are available through licensed, independent third parties.
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