NU Online News Service, Dec. 3, 4:18 p.m. – Weiss Ratings Inc., Palm Beach Gardens, Fla., says U.S. life and health insurers generated a total of $8 billion in profits for the first half, down 42% from total profits for the first half of 2000.
The decrease in profits is due to a $3.1 billion drop in operating profits, along with a $2.2 billion loss on investments sold during the half, Weiss says.
The overall return on equity to 7.3%, Weiss adds.