Life Insurers Are Sending More Cash to Corporate Parents: Rating Agency

May 8, 2019 by Allison Bell

The U.S. life insurance and life reinsurance operating companies that Moody’s Investors Service rates produced just $27 billion in statutory net income in 2018, but they sent $30 billion in dividends upstream to their parent companies.

The life companies’ total dividend payments exceeded their total statutory net income for the first time since 2011, according to Manoj Jethani and other Moody’s analysts.

The Moody’s analysts have published those figures in a new look at U.S. life insurers’ and life reinsurers’ capital levels.

The analysts based the net income and dividend figures on proprietary data from SNL Financial LC.

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Originally Posted at ThinkAdvisor on May 7, 2019 by Allison Bell.