OLDWICK, N.J., July 07, 2025–(BUSINESS WIRE)–Increasing surrenders on individual annuities drove a 27% decline in pre-tax net operating profitability despite record sales in recent years, according to a new AM Best report. The Best’s Special Report, “Individual Annuity Surrenders Dent Operating Profitability,” states that surrenders increased by 21% to $280 billion in 2024, up from