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Insurers to favor deals over buybacks after rally, Deloitte says

Lincoln National Corp., the No. 2 seller of U.S. individual variable annuities, doubled last year, leading the S&P 500 life insurer gauge.

By Zachary Tracer | Updated on January 09, 2014

Jan. 9 (Bloomberg) — U.S. life insurers will use cash for acquisitions rather than share repurchases after buybacks helped drive a rally last year, Deloitte LLP said in its 2014 industry outlook.

“Stock buybacks, which were an important part of the capital allocation story for 2013, may not be quite as appealing,” Boris Lukan, a principal at Deloitte, said in an interview. “The financial community will want to see top-line growth as a more sustainable source of value creation.”

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