Life Insurers Make Unfavorable Reinsurance Deals Amid Soaring Mortality

Expected Mortality 2022

Summation of Major Insurance company corporate group policy Loss Ratios (Death Claims) Q4 rate vs 2019 rate:

Unum UNM +36%

Lincoln LNC +57%

Pru PRU +41%

RGA +21%

Hartford HIG +32%

MetLife MET +24%

In a meeting between the various leaders of the insurance industry, they discussed what they’re all seeing on the ground and how to proceed.

“Additionally, they did something interesting,” Dowd continued. “They did a reinsurance deal for a high face amount individual policies, at what looked like very bad economics for them. On the conference call a Southside analyst was very confused. He said, ‘Why would you do this deal?’

“I can speculate why they did this deal. This deal looks bad now, but a year or two from now it may look like a genius move. And they actually think there’s going to be 300,000 excess deaths due to — they call it ‘Covid and indirect Covid,’ whatever that means — in the U.S. in 2022. So they actually raised their expectations for mortality in the U.S. during the conference call.

“So they’re not saying it’s the jab, but it’s the jab.”

You don't have to agree with me that Pfizer is a short, but the risk/reward skews extremely negative on this stock. It is a politically protected company as long as the ruling class maintains political power.