Falling demand depresses life/health premiums
Article Abstract:
The life/health insurance industry suffered a loss of premium prices in 1994. A combination of several factors hurt the industry, including a slower economy, demographic changes that reduced the demand for life insurance, poor distribution systems, and competition from non-traditional providers such as banks. In 1994, net premium growth was 4.8% compared to 11.4% in 1993. Regulatory changes and an image problem brought about by unethical market conduct also damaged the industry's performance.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1995
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Investment gains lead last year's surge
Article Abstract:
Life and health insurance companies reported a 34% increase in overall net income in 1996, with gains from equity investments contributing heavily to the increase. Total net income for 1,071 insurers was $21.19 billion, up from $15.81 billion in 1995. Net premiums rose by 8%. The insurers' return on capital was 9.5% in 1996, compared to 9.4% in 1995. Total capital and surplus, along with asset valuation reserves, rose to $205.97 billion from $182.54 billion.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
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Insurance: life & health
Article Abstract:
Industry profiles and the current environment for the life and health insurance industries in the US as of Apr 21, 2001 are presented. Industry references, a glossary, and a comparative company analysis are also included.
Publication Name: Standard & Poor's Industry Surveys: Insurance
Subject: Insurance
ISSN: 0196-4666
Year: 2001
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