Life/health insurers' profits surged 31% in 1995
Article Abstract:
Statutory net income for life and health insurers jumped 31% to $13.36 billion in 1995, with net capital losses down 17% to $1.54 billion. Strong stock and bond market investments in the 4th qtr 1995 contributed to the near-record profits. Net operating gain was up 23% to $14.89 billion. Income for group annuities was up 12% to $82.54 billion; individual and group annuities comprised 45.8% of net premiums and 40% of net income. The top 100 insurers garnered $267.86 billion in net premiums, accounting for 81.7% of all industry income.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1996
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Underwriting losses took a steep downturn
Article Abstract:
The life and health insurance industry posted steep losses in their accident and health product lines in 1994. The industry lost $2.04 billion in 1994, which more than doubled 1993's loss of $919.1 million. Almost 74% of the losses in 1994 came from non cancellable health and accident product lines. The combined ratios of companies providing health and accident insurance increased from 100.8 to 102.5 in 1994. However, premium growth for these insurers did rise modestly, increasing from 2.3% in 1993 to 4.3% in 1994.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1995
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Issued and in-force rise, policy counts grow 0.02%
Article Abstract:
Ordinary life insurance policies grew in size in 1994, from $76,082 in 1993 to $78,408 in 1994, an increase of 3.1%. Ordinary life insurance policies increased in size from 1992 to 1993, also. Ordinary life insurance policies were 23% of the total life/health insurance policies written during 1994. Whole life policies decreased in number during 1995.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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