It may seem remarkable that the P/C industry was able to grow its invested asset base in a year during which there were major catastrophe claims and only a minor
gain in investment income.
Beating the investment storms: with their greater reliance on underwriting results, property/casualty insurers are freer to accept more investment risk
Two health insurance companies posted the largest operating gains, while A1lianz Life of North America went from a $397 million operating loss in 6 months of 2007 to a $699 million operating
gain in 6 months of 2008.
Financial turmoil causes industry surplus to slide again: 100 companies show composite decline of 4.7% for 6 months
Their values this month are 2.8pc up year on year, following a 3.1pc
gain in March, according to Cap.
Motoring: Bargain blues
Only 36 of The Townsend 100 Companies reported a surplus
gain in the first quarter of 2008.
Capital losses reduce surplus for 100 companies in 1st quarter: a 3.6% decline in total surplus funds is reported
Despite record earnings, and a 15%
gain in earnings in 2007, the life industry ROE was only 10.2% in 2007.
Surplus for 100 life companies rose 6.4% in 2007: operating earnings were a record $30.4 billion last year
STRONG OPERATING EARNINGS, high capital gains and a decline in shareholder dividend payments produced a 4.3%
gain in surplus in the first 6 months of 2007 for the Townsend 100 Composite of 100 life insurers with 84% of the U.S.
Surplus growth strong in 1st half: composite of 100 life insurers registered a 4.3% gain
Record shareholder dividend payments held surplus growth to a modest 5.6%
gain in 2006, well below gains of 11.6% in 2004 and 16.7% in 2003.
Record shareholder dividends depressed surplus growth in 2006
However, significant increases in shareholder dividend payments held surplus growth to a modest 3.5%
gain in 2005, after gains of 11.6% in 2004 and 16.7% in 2003.
100 top life insurers posted record earnings in 2005: five companies earned more than $1 billion last year
"In 2005 the most significant driver of statutory net realized capital gain for New York Life was the sale of an apartment house in Manhattan for a
gain in the hundreds of millions of dollars," says William Werfelman, a spokesman for New York Life, New York.
Sales of impaired bond holdings, real estate affect capital gains
According to data produced by Insurance Consulting & Analysis, LLC, the decline in surplus in the second quarter held growth in total surplus funds to 0.2% for the first six months of 200S, the lowest percent
gain in the last 11 years.
2Q life insurers' surplus slips 1.4%: shareholder dividends paid out in first half were highest in 15 years
ONE HUNDRED COMPANIES, comprising 84% of life industry assets, reported a modest 1.7%
gain in total surplus funds in the first quarter of 2005, as interest rate spreads declined and shareholder dividends consumed half of operating earnings.
Surplus gains slowed in 1st quarter
ONE HUNDRED COMPANIES, comprising 84% of life insurance industry assets, reported an 11.6%
gain in total surplus funds in 2004, on the strength of a record $26.8 billion in operating earnings, and $10 billion in net capital gains, according to data from Insurance Research & Consulting, LLC.
Life insurers' surplus rose 11.6% in 2004: for 100-company composite 2-year gain was 30.8%
ONE HUNDRED COMPANIES, comprising 84% of life insurance industry assets, reported a 5.6%
gain in total surplus funds in the first 9 months of 2004, on the strength of a 27%
gain in operating earnings, less a 140% increase in shareholder dividends paid.
Industry surplus rises 5.6% in 9 months
According to data produced by Insurance Consulting & Analysis, LLC, lack of surplus growth in the second quarter held growth in total surplus funds to 3.1% for 6 months of 2004, the third lowest percent
gain in the last 10 years.
Surplus growth was flat in 2nd quarter
ONE HUNDRED COMPANIES, comprising 84% of life industry assets, reported a strong
gain in total surplus funds in the first quarter of 2004 on the strength of high operating earnings and net capital gains.
Industry surplus grew 3.2% in 1st quarter