Life and Annuity Carriers See 3Q Earnings Stall
January 25, 2016 by Cyril Tuohy
Third-quarter earnings for U.S. life and annuity insurers stalled in the face of a volatile stock market and as low interest rates affected investment returns on bonds, according to a new report.
Bonds are typically the largest holdings in insurance companies’ portfolios
U.S. life and annuity insurers reported third-quarter 2015 net investment income of $42.9 billion, a 2.9 percent dip compared to $44.2 billion in the year-ago period, according to A.M. Best & Co. Inc. in a report issued last week.
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Originally Posted at InsuranceNewsNet on January 25, 2016 by Cyril Tuohy.
Categories: Industry Articles
